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USD 659.38 Bn growth in Internet of Things (IoT) Market | Featuring key vendors including Alphabet Inc., Cisco Systems Inc., and Honeywell International Inc. among others | Technavio – PRNewswire

Internet of Things

Factors such as technological developments and the exponential growth of internet-connected and operated devices will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The internet of things market is fragmented, and the degree of fragmentation will decelerate during the forecast period.

The report covers the following areas:

Internet of Things Market 2021-2025: Segmentation

  • End-user
    • Industrial
    • Retail
    • Healthcare
    • ICT
    • Others
  • Geography
    • APAC
    • North America
    • Europe
    • MEA
    • South America

By end-user, the market witnessed maximum demand for IoT from the industrial end-user segment. The need for smoother manufacturing floor operations with limited number of workers is driving the adoption IoT among industrial end-users. In terms of region, APAC will present significant growth opportunities for market players during the forecast period. Increasing expenditure on infrastructure development by governments in countries such as India, China, and the Philippines and the proliferation of smart cities are contributing to the growth of IoT market in APAC.

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Internet of Things Market 2021-2025: Vendor Analysis and Scope

To help businesses improve their market position, the internet of things market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Alphabet Inc., Cisco Systems Inc., Honeywell International Inc., Intel Corp., International Business Machines Corp., Microsoft Corp., Oracle Corp., Robert Bosch GmbH, SAP SE, and Siemens AG.

The rise in industrial automation is likely to emerge as one of the primary drivers of the market. However, factors such as lack of awareness of efficient management of IoT initiatives and investments may threaten the growth of the market.

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Internet of Things Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist internet of things market growth during the next five years
  • Estimation of the internet of things market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the internet of things market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the internet of things market vendors

Related Reports:
Global IoT Platform Market – Global IoT platform market is segmented by end-user (manufacturing, retail, healthcare, ICT, and others) and geography (North America, Europe, APAC, MEA, and South America).
Download Exclusive Free Sample Report

Global Industrial IoT Gateway Market – Global industrial IoT gateway market is segmented by end-user (process and discrete) and geography (North America, APAC, Europe, South America, and MEA).
Download Exclusive Free Sample Report

Internet of Things Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of almost 14%

Market growth 2021-2025

USD 695.38 billion

Market structure

Fragmented

YoY growth (%)

18.97

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 34%

Key consumer countries

US, China, Germany, Norway, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alphabet Inc., Cisco Systems Inc., Honeywell International Inc., Intel Corp., International Business Machines Corp., Microsoft Corp., Oracle Corp., Robert Bosch GmbH, SAP SE, and Siemens AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

Source: https://www.prnewswire.com/news-releases/usd-659-38-bn-growth-in-internet-of-things-iot-market–featuring-key-vendors-including-alphabet-inc-cisco-systems-inc-and-honeywell-international-inc-among-others–technavio-301411805.html

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