Internet of Things (IoT) Market Size, Share & Trends Analysis Report by Component (Hardware, Software, Services), By Deployment (On-premise, Cloud), By Connectivity, By End-use, By Region, And Segment Forecasts, 2024

Description

Internet of Things (IoT) Market Growth & Trends:

The global internet of things (IoT) market size is expected to reach USD 2.65 billion by 2030, registering a CAGR of 11.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The emergence of start-ups in different industries to satisfy growing need of consumers is anticipated to result in increasing venture capital investments. The market is estimated to grow at 15.2 % to reach over USD 1.88 trillion by 2022.

IoT market is projected to increase at a significant pace on account of its ability to improve efficiency and enable new services. IoT connects devices including industrial equipment and consumer electronics through a network that allows users to gather information and manage devices via software. Key factors that are expected to propel future growth include improving connectivity and internet access, data processing requirements and decreasing costs of internet enabled sensors. In addition, the market is likely to witness significant growth opportunities over the forecast period owing to increase in demand for gadgets such as wearable devices and futuristic elements including connected homes, vehicles, and cities coupled together with industrial internet of things (IIoT)

Internet of Things (IoT) Market Report Highlights:

The hardware segment dominated the market and accounted for a market revenue share of 57.4% in 2023. IoT devices and sensors are essential for collecting and transmitting data in IoT systems, and the proliferation of smart devices, wearables, and connected appliances has significantly boosted the demand for IoT hardware.
On-premise accounted for the largest market revenue share in 2023. Many IoT applications, particularly in sectors such as manufacturing, automotive, and critical infrastructure, require real-time data processing and low-latency responses to ensure operational efficiency and safety.
Wi-Fi accounted for the largest market revenue share in 2023. Smart home technologies, including smart thermostats, lighting systems, security cameras, and voice assistants, rely heavily on Wi-Fi connectivity.
The consumer electronics segment accounted for the largest market revenue share in 2023. Consumers increasingly seek convenience, energy efficiency, and enhanced security in their living environments, driving the demand for smart home devices.
The North America Internet of Things (IoT) market accounted for the largest market revenue share of 36.1% in 2023. North American countries, particularly the U.S. and Canada, are leading the development of advanced IoT technologies and solutions.

Product Code: 978-1-68038-697-4

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Internet of Things (IoT) Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Billion)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Internet of Things (IoT) Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Internet of Things (IoT) Market: Component Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Internet of Things (IoT) Market: Component Movement Analysis, USD Billion, 2023 & 2030
4.3. Hardware
- 4.3.1. Hardware Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.4. Software
- 4.4.1. Software Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.5. Services
- 4.5.1. Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)

Chapter 5. Internet of Things (IoT) Market: Deployment Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Internet of Things (IoT) Market: Deployment Movement Analysis, USD Billion, 2023 & 2030
5.3. On-premise
- 5.3.1. On-premise Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.4. Cloud
- 5.4.1. Cloud Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)

Chapter 6. Internet of Things (IoT) Market: Connectivity Estimates & Trend Analysis

6.1. Segment Dashboard
6.2. Internet of Things (IoT) Market: Connectivity Movement Analysis, USD Billion, 2023 & 2030
6.3. Zigbee
- 6.3.1. ZigBee Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4. Wi-Fi
- 6.4.1. Wi-Fi Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.5. Bluetooth
- 6.5.1. Bluetooth Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6. Z-Wave
- 6.6.1. Z-Wave Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.7. Others
- 6.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)

Chapter 7. Internet of Things (IoT) Market: End Use Estimates & Trend Analysis

7.1. Segment Dashboard
7.2. Internet of Things (IoT) Market: End Use Movement Analysis, USD Billion, 2023 & 2030
7.3. Consumer Electronics
- 7.3.1. Consumer Electronics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.4. Wearables Devices
- 7.4.1. Wearable Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.5. Automotive & Transportation
- 7.5.1. Automotive & Transportation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.6. BFSI
- 7.6.1. BFSI Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.7. Healthcare
- 7.7.1. Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.8. Retail
- 7.8.1. Retail Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.9. Building Automation
- 7.9.1. Building & Automation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.10. Oil & Gas
- 7.10.1. Oil & Gas Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.11. Agriculture
- 7.11.1. Agriculture Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.12. Aerospace & Defense
- 7.12.1. Aerospace & Defense Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
7.13. Others
- 7.13.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)

Chapter 8. Internet of Things Market: Regional Estimates & Trend Analysis

8.1. Internet of Things Market Share, By Region, 2023 & 2030, USD Billion
8.2. North America
- 8.2.1. North America Internet of Things (IoT) Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.2. U.S.
  - 8.2.2.1. U.S. Internet of Things (IoT) Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.3. Canada
  - 8.2.3.1. Canada Internet of Things (IoT) Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.4. Mexico
  - 8.2.4.1. Mexico Internet of Things (IoT) Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.3. Europe
- 8.3.1. Europe Internet of Things (IoT) Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.2. U.K.
  - 8.3.2.1. U.K. Internet of Things (IoT) Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.3. Germany
  - 8.3.3.1. Germany Internet of Things (IoT) Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.4. France
  - 8.3.4.1. France Internet of Things (IoT) Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.4. Asia Pacific
- 8.4.1. Asia Pacific Internet of Things (IoT) Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.2. China
  - 8.4.2.1. China Internet of Things (IoT) Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.3. Japan
  - 8.4.3.1. Japan Internet of Things (IoT) Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.4. India
  - 8.4.4.1. India Internet of Things (IoT) Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.5. South Korea
  - 8.4.5.1. South Korea Internet of Things (IoT) Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.6. Australia
  - 8.4.6.1. Australia Internet of Things (IoT) Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.5. Latin America
- 8.5.1. Latin America Internet of Things (IoT) Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.2. Brazil
  - 8.5.2.1. Brazil Internet of Things (IoT) Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Internet of Things (IoT) Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.2. Saudi Arabia
  - 8.6.2.1. Saudi Arabia Internet of Things (IoT) Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.3. UAE
  - 8.6.3.1. UAE Internet of Things (IoT) Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.4. South Africa
  - 8.6.4.1. South Africa Internet of Things (IoT) Market Estimates and Forecasts, 2018 - 2030 (USD Billion)

Chapter 9. Competitive Landscape

9.1. Recent Developments & Impact Analysis by Key Market Participants
9.2. Company Categorization
9.3. Company Heat Map Analysis
9.4. Company Profiles
- 9.4.1. Amazon.com,Inc
  - 9.4.1.1. Participant's Overview
  - 9.4.1.2. Financial Performance
  - 9.4.1.3. Product Benchmarking
  - 9.4.1.4. Recent Developments/ Strategic Initiatives
- 9.4.2. Microsoft
  - 9.4.2.1. Participant's Overview
  - 9.4.2.2. Financial Performance
  - 9.4.2.3. Product Benchmarking
  - 9.4.2.4. Recent Developments/ Strategic Initiatives
- 9.4.3. Qualcomm Technologies, Inc.
  - 9.4.3.1. Participant's Overview
  - 9.4.3.2. Financial Performance
  - 9.4.3.3. Product Benchmarking
  - 9.4.3.4. Recent Developments/ Strategic Initiatives
- 9.4.4. Intel Corporation
  - 9.4.4.1. Participant's Overview
  - 9.4.4.2. Financial Performance
  - 9.4.4.3. Product Benchmarking
  - 9.4.4.4. Recent Developments/ Strategic Initiatives
- 9.4.5. PTC
  - 9.4.5.1. Participant's Overview
  - 9.4.5.2. Financial Performance
  - 9.4.5.3. Product Benchmarking
  - 9.4.5.4. Recent Developments/ Strategic Initiatives
- 9.4.6. Cisco System, Inc
  - 9.4.6.1. Participant's Overview
  - 9.4.6.2. Financial Performance
  - 9.4.6.3. Product Benchmarking
  - 9.4.6.4. Recent Developments/ Strategic Initiatives
- 9.4.7. Oracle
  - 9.4.7.1. Participant's Overview
  - 9.4.7.2. Financial Performance
  - 9.4.7.3. Product Benchmarking
  - 9.4.7.4. Recent Developments/ Strategic Initiatives
- 9.4.8. SAP SE
  - 9.4.8.1. Participant's Overview
  - 9.4.8.2. Financial Performance
  - 9.4.8.3. Product Benchmarking
  - 9.4.8.4. Recent Developments/ Strategic Initiatives
- 9.4.9. Siemens
  - 9.4.9.1. Participant's Overview
  - 9.4.9.2. Financial Performance
  - 9.4.9.3. Product Benchmarking
  - 9.4.9.4. Recent Developments/ Strategic Initiatives
- 9.4.10. General Electric Company
  - 9.4.10.1. Participant's Overview
  - 9.4.10.2. Financial Performance
  - 9.4.10.3. Product Benchmarking
  - 9.4.10.4. Recent Developments/ Strategic Initiatives

Internet of Things (IoT) Market Size, Share & Trends Analysis Report by Component (Hardware, Software, Services), By Deployment (On-premise, Cloud), By Connectivity, By End-use, By Region, And Segment Forecasts, 2024 - 2030