IoT Market Forecast to 2028

IoT Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Offering (Hardware [Processors, Connectivity Modules, Sensors, Memory Devices, and Others], Software, and Services), and End User (Industrial, Commercial, and Residential)

Report Code : TIPTE100000128 | Region : Global | Industry : Technology, Media and Telecommunications | Published Date : 30/Dec/2022

The IoT market is expected to grow from US$ 483.28 billion in 2022 to US$ 2,270.42 billion by 2028; it is estimated to register a CAGR of 29.4% from 2022 to 2028.

The rising adoption of IoT technology across end-use industries such as manufacturing, automotive, and healthcare is driving the market. With the traditional manufacturing sector undergoing a digital transformation, the IoT fuels intelligent connectivity's next industrial revolution. Moreover, e-commerce platforms are rapidly growing due to the ease of shopping and smartphone penetration, which is likely to propel market growth. However, with the increasing number of IoT-connected devices, security issues are also evolving at endpoints. They are potential target points for hackers; therefore, the increase in data security concerns has become one of the major factors hampering the IoT market growth. On the contrary, the growing need for data analysis and integration of analytics and progressive developments of the 5G network is anticipated to create lucrative growth opportunities for the IoT market over the forecast period.

Germany dominated the IoT market in 2021. The growing adoption of big data analytics solutions to manage and analyze the voluminous data generated across the various end-user industries such as consumer goods & retail, manufacturing & engineering, and BFSI is driving the IoT market in Germany. Furthermore, IoT plays a vital role and has already made homes and workplaces smarter and more efficient. In addition, the country has been amid its Industry 4.0 shift for almost a decade and continues to boost digitization across multiple sectors. However, while IoT makes homes and workplaces smarter, security challenges continue to rise due to more connected devices vulnerable to cyberattacks. There are several startups in Germany dedicated to improving IoT security. For example, Bitahoy is focused on helping smart homeowners keep their IoT devices secure and free from data leakages. Also, Comuny is a startup facilitating greater workplace IoT security by providing more effective registration and login via mobile apps. All these factors are surging the demand for IoT solutions in the country.

Moreover, in the US, there is a growing deployment of IoT solutions as a part of government infrastructure and for promoting smart manufacturing and smart city projects in the country. Also, the increasing demand for wearable devices, coupled with a rising focus on the Industrial Internet of Things (IIoT) among industries such as manufacturing, transportation, and BFSI, is accelerating the adoption of IoT solutions. Thus, rising internet penetration and increasing adoption of advance network technologies and smartphones are among the major factors driving the IoT market in the country.

In China, businesses are using IoT to make higher-quality products at lower cost and more sustainable and aim to integrate cloud computing, big data, and IoT across industries such as manufacturing, healthcare, and finance. Furthermore, the country is rapidly accelerating its governance position in leading technologies. The Chinese government aims to invest over a trillion dollars to roll out technologies from IoT to wireless networks to AI. Also, the IoT ecosystem in China comprises key hardware providers such as Huawei, Xiaomi, MediaTek, and Qualcomm. The IoT suppliers of China network providers include China Mobile Limited, China Unicom, and China Telecom Corporation. The country's leading areas of IoT applications include industrial, automation, healthcare, consumer electronics, and transportation.

The Middle East is a dynamic and rapidly developing region that provides massive opportunities for investors and businesses. IoT adoption is already an integral part of the digital transformation of the Middle East. Moreover, organizations across the Middle East are already using IoT to achieve various objectives, from improving asset utilization and managing risks to creating entirely new business models. The increasing use of smartphones, the growing population of young adults in the states of the Gulf Cooperation Council, and the rising number of government initiatives for digital transformation to drive economic growth are a few of the major factors propelling the IoT market growth in the region. Retail, manufacturing, and automotive industries use IoT to differentiate their existing products or services from the competition, create new products, and provide enhanced customer experiences.

Microsoft Corporation; Hewlett Packard Enterprise Development LP; SAS Institute Inc.; VMware, Inc.; Google, LLC; Oracle Corporation; Cisco Systems, Inc.; SAP SE; IBM Corporation; and Qualcomm Technologies, Inc. are among the key players operating in the IoT market. The IoT market report provides detailed insights, which help the key players strategize the growth of the IoT market.

The ongoing developments in IoT are strengthening the IoT market's growth. For instance, in May 2022, Australian operator Telstra Wholesale launched a range of new mobile solutions, including a new 5G service and a series of IoT products. In addition, this new offering will deliver mobile speeds up to 250 Mbps and access to mmWave and initially reaching more than 75% of Australians.

The IoT market is segmented based on offering and end user. Based on offering, the market is segmented into hardware, software, and services. Based on hardware, the IoT market is further segmented into processors, connectivity modules, sensors, and memory devices. Based on end user, it is segmented into industrial, commercial, and residential.

The IoT market is segmented into five major regions—North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2022, Europe led the market with a substantial revenue share, followed by North America. Further, Asia Pacific is expected to register the highest CAGR in the IoT market from 2022 to 2028.

According to our latest study on "IoT Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Offering and End User," the market is expected to grow from US$ 483.28 billion in 2022 to US$ 2,270.42 billion by 2028; it is estimated to register a CAGR of 29.4% from 2022 to 2028.

Massive Expansion of E-Commerce Industry to Provide Lucrative Growth Opportunities to IoT Market During Forecast Period

The e-commerce industry is growing rapidly, and retailers are utilizing IoT solutions to improve their operational efficiency, enhance the customer experience, and gain a competitive advantage. Also, an increase in customer demand for a better shopping experience, a reduction in the cost of IoT-based sensors and connectivity, and a surge in the adoption of smart payment solutions are among the major factors driving the adoption of IoT solutions in the e-commerce industry. Moreover, retailers in this industry utilize IoT to avoid security pitfalls and are deploying IoT-enabled systems that can combat jamming in their warehouses and stores. As IoT plays a significant role in process automation and enhancement of operational efficiency of retail stores, there is an increasing demand for the implementation of IoT in surveillance and security, supply chain optimization, energy optimization, inventory optimization, and workforce management. For instance, Walgreens, a US-based retailer, has been experimenting with IoT-enabled displays on refrigerator doors that utilize face detection technology to show ads based on approximate age and gender. Moreover, several retailers use customizable IoT-connected dashboards to gather customer feedback and use those insights to enhance customer experiences. Therefore, with the growing e-commerce industry, the demand for IoT solutions will continue to rise, becoming a major trend in the IoT market.

The growing transition from traditional to digital ecosystems across industries is creating a huge demand for connected ecosystems, resulting in the growing requirement for IoT-based solutions. Investments in IoT start-ups and supporting market ecosystems also bolstered the research and development related to IoT. Moreover, the continuous improvements in cloud infrastructure and reduced data service costs fuel the digitalization of industrial processes. Furthermore, the increasing number of service providers, such as system integrators, managed service providers, and IoT distributors, plays a key role in installing, managing, and monitoring IoT solutions. The IoT market ecosystem involves various intermediaries at every stage of the ecosystem. In addition, system integrators integrate all components into a whole and deliver the integrated systems to retailers. At the same time, managed service providers offer numerous services such as device management, data management, security management, and network management to end users. Thus, an increase in digitalization in different sectors and a rise in the importance of service providers are expected to be key trends in the IoT market growth.

With the traditional manufacturing sector undergoing a digital transformation, the IoT fuels intelligent connectivity's next industrial revolution. Moreover, the rising adoption of IoT technology across end-use industries such as manufacturing, automotive, and healthcare is driving the IoT market. However, with the increasing number of IoT-connected devices, security issues are also evolving at endpoints. They are potential target points for hackers; therefore, the increase in data security concerns has become one of the major factors hampering the market growth. Conversely, progressive developments of the 5G network and the growing need for data analysis and analytics integration are anticipated to create lucrative growth opportunities for the IoT market over the forecast period.

The industrial segment in the IoT market dominated the IoT market growth in 2021. With the traditional industrial processes amid a digital transformation, the demand for IoT in the industrial sector is increasing due to the massive penetration of smart sensors and actuators to improve efficiency and reduce downtime for complex processes of systems and machines. Moreover, in this segment, IoT plays a vital role in developing, producing, and managing the entire logistics chain. Furthermore, industrial IoT helps monitor quality control, predictive maintenance, enhanced field service, energy management and asset tracking, sustainable and green practices, supply chain traceability, and overall supply chain efficiency. Also, industrial IoT uses the power of smart machines and real-time analytics to take advantage of the data that has been produced in industrial settings for years, providing important information that can be used to drive business decisions faster and more accurately, thereby accelerating the demand for IoT solutions in the industrial sector.

Key Findings of Study:

The IoT market is segmented based on offering and end user. Based on offering, the IoT market is segmented into hardware, software, and services. Based on hardware, the market is further segmented into processors, connectivity modules, sensors, and memory devices. Based on end user, the IoT market is segmented into industrial, commercial, and residential. The IoT market is segmented into five major regions—North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2022, Europe led the market with a substantial revenue share, followed by North America. Further, Asia Pacific is expected to register the highest CAGR in the market from 2022 to 2028. The key players operating in the IoT market include Microsoft Corporation; Hewlett Packard Enterprise Development LP; SAS Institute Inc.; VMware, Inc.; Google, LLC; Oracle Corporation; Cisco Systems, Inc.; SAP SE; IBM Corporation; and Qualcomm Technologies, Inc.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Global IoT Market – by Offering

1.3.2 Global IoT Market – by End User

1.3.3 Global IoT Market – by Geography

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. IoT Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 APAC

4.2.4 MEA

4.2.5 SAM

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. IoT Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increase in Number of Smart City Projects

5.1.2 Reduction in Cost of Connected Devices and Increase in Investments in IoT

5.1.3 Rise in Implementation of IoT in Automotive Sector

5.2 Market Restraints

5.2.1 Data Security and Interoperability Issues

5.3 Market Opportunities

5.3.1 Progressive Deployment of 5G Networks

5.4 Future Trends

5.4.1 Massive Expansion of E-Commerce Industry

5.4.2 Increase in Digitalization Across Industries and Rise in Importance of Service Providers

5.5 Impact Analysis of Drivers and Restraints

6. IoT Market – Global Market Analysis

6.1 Global IoT Market Overview

6.2 Global IoT Market Revenue Forecast and Analysis

6.3 Market Positioning – Five Key Players

7. IoT Market – By Offering

7.1 Overview

7.2 IoT Market, by Offering (2021 and 2028)

7.3 Hardware

7.3.1 Overview

7.3.2 Hardware: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

7.3.3 Processors

7.3.3.1 Overview

7.3.3.2 Processors: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

7.3.4 Connectivity Modules

7.3.4.1 Overview

7.3.4.2 Connectivity Modules: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

7.3.5 Sensors

7.3.5.1 Overview

7.3.5.2 Sensors: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

7.3.6 Memory Devices

7.3.6.1 Overview

7.3.6.2 Memory Devices: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

7.3.7 Others

7.3.7.1 Overview

7.3.7.2 Others: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

7.4 Software

7.4.1 Overview

7.4.2 Software: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

7.5 Services

7.5.1 Overview

7.5.2 Service: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

8. IoT Market Analysis – by End User

8.1 Overview

8.2 IoT Market, by End User (2021 and 2028)

8.3 Industrial

8.3.1 Overview

8.3.2 Industrial: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

8.4 Commercial

8.4.1 Overview

8.4.2 Commercial: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

8.5 Residential

8.5.1 Overview

8.5.2 Residential: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

9. IoT Market – Geographic Analysis

9.1 Overview

9.2 North America: IoT Market

9.2.1 Overview

9.2.2 North America IoT Market - Revenue and Forecast to 2028 (US$ Billion)

9.2.3 North America IoT Market, By Offering

9.2.4 North America IoT Market, By Hardware

9.2.5 North America IoT Market, By End User

9.2.6 North America IoT Market, by Country

9.2.6.1 US IoT Market - Revenue and Forecast to 2028

9.2.6.1.1 US IoT Market, By Offering

9.2.6.1.2 US IoT Market, By Hardware

9.2.6.1.3 US IoT Market, By End User

9.2.6.2 Canada IoT Market - Revenue and Forecast to 2028

9.2.6.2.1 Canada IoT Market, By Offering

9.2.6.2.2 Canada IoT Market, By Hardware

9.2.6.2.3 Canada IoT Market, By End User

9.2.6.3 Mexico IoT Market - Revenue and Forecast to 2028

9.2.6.3.1 Mexico IoT Market, By Offering

9.2.6.3.2 Mexico IoT Market, By Hardware

9.2.6.3.3 Mexico IoT Market, By End User

9.3 Europe: IoT Market

9.3.1 Overview

9.3.2 Europe IoT Market - Revenue and Forecast to 2028 (US$ Billion)

9.3.3 Europe IoT Market, By Offering

9.3.4 Europe IoT Market, By Hardware

9.3.5 Europe IoT Market, By End User

9.3.6 Europe IoT Market, by Country

9.3.6.1 Germany IoT Market - Revenue and Forecast to 2028

9.3.6.1.1 Germany IoT Market, By Offering

9.3.6.1.2 Germany IoT Market, By Hardware

9.3.6.1.3 Germany IoT Market, By End User

9.3.6.2 UK IoT Market - Revenue and Forecast to 2028

9.3.6.2.1 UK IoT Market, By Offering

9.3.6.2.2 UK IoT Market, By Hardware

9.3.6.2.3 UK IoT Market, By End User

9.3.6.3 France IoT Market - Revenue and Forecast to 2028

9.3.6.3.1 France IoT Market, By Offering

9.3.6.3.2 France IoT Market, By Hardware

9.3.6.3.3 France IoT Market, By End User

9.3.6.4 Italy IoT Market - Revenue and Forecast to 2028

9.3.6.4.1 Italy IoT Market, By Offering

9.3.6.4.2 Italy IoT Market, By Hardware

9.3.6.4.3 Italy IoT Market, By End User

9.3.6.5 Russia IoT Market - Revenue and Forecast to 2028

9.3.6.5.1 Russia IoT Market, By Offering

9.3.6.5.2 Russia IoT Market, By Hardware

9.3.6.5.3 Russia IoT Market, By End User

9.3.6.6 Rest of Europe IoT Market - Revenue and Forecast to 2028

9.3.6.6.1 Rest of Europe IoT Market, By Offering

9.3.6.6.2 Rest of Europe IoT Market, By Hardware

9.3.6.6.3 Rest of Europe IoT Market, By End User

9.4 Asia Pacific (APAC): IoT Market

9.4.1 Overview

9.4.2 Asia Pacific IoT Market - Revenue and Forecast to 2028 (US$ Billion)

9.4.3 Asia Pacific IoT Market, By Offering

9.4.4 Asia Pacific IoT Market, By Hardware

9.4.5 Asia Pacific IoT Market, By End User

9.4.6 Asia Pacific IoT Market, by Country

9.4.6.1 China IoT Market - Revenue and Forecast to 2028

9.4.6.1.1 China IoT Market, By Offering

9.4.6.1.2 China IoT Market, By Hardware

9.4.6.1.3 China IoT Market, By End User

9.4.6.2 Japan IoT Market - Revenue and Forecast to 2028

9.4.6.2.1 Japan IoT Market, By Offering

9.4.6.2.2 Japan IoT Market, By Hardware

9.4.6.2.3 Japan IoT Market, By End User

9.4.6.3 India IoT Market - Revenue and Forecast to 2028

9.4.6.3.1 India IoT Market, By Offering

9.4.6.3.2 India IoT Market, By Hardware

9.4.6.3.3 India IoT Market, By End User

9.4.6.4 Australia IoT Market - Revenue and Forecast to 2028

9.4.6.4.1 Australia IoT Market, By Offering

9.4.6.4.2 Australia IoT Market, By Hardware

9.4.6.4.3 Australia IoT Market, By End User

9.4.6.5 South Korea IoT Market - Revenue and Forecast to 2028

9.4.6.5.1 South Korea IoT Market, By Offering

9.4.6.5.2 South Korea IoT Market, By Hardware

9.4.6.5.3 South Korea IoT Market, By End User

9.4.6.6 Rest of Asia Pacific IoT Market - Revenue and Forecast to 2028

9.4.6.6.1 Rest of Asia Pacific IoT Market, By Offering

9.4.6.6.2 Rest of Asia Pacific IoT Market, By Hardware

9.4.6.6.3 Rest of Asia Pacific IoT Market, By End User

9.5 Middle East & Africa (MEA): IoT Market

9.5.1 Overview

9.5.2 MEA IoT Market - Revenue and Forecast to 2028 (US$ Billion)

9.5.3 MEA IoT Market, By Offering

9.5.4 MEA IoT Market, By Hardware

9.5.5 MEA IoT Market, By End User

9.5.6 MEA IoT Market, by Country

9.5.6.1 Saudi Arabia IoT Market - Revenue and Forecast to 2028

9.5.6.1.1 Saudi Arabia IoT Market, By Offering

9.5.6.1.2 Saudi Arabia IoT Market, By Hardware

9.5.6.1.3 Saudi Arabia IoT Market, By End User

9.5.6.2 UAE IoT Market - Revenue and Forecast to 2028

9.5.6.2.1 UAE IoT Market, By Offering

9.5.6.2.2 UAE IoT Market, By Hardware

9.5.6.2.3 UAE IoT Market, By End User

9.5.6.3 South Africa IoT Market - Revenue and Forecast to 2028

9.5.6.3.1 South Africa IoT Market, By Offering

9.5.6.3.2 South Africa IoT Market, By Hardware

9.5.6.3.3 South Africa IoT Market, By End User

9.5.6.4 Rest of MEA IoT Market - Revenue and Forecast to 2028

9.5.6.4.1 Rest of MEA IoT Market, By Offering

9.5.6.4.2 Rest of MEA IoT Market, By Hardware

9.5.6.4.3 Rest of MEA IoT Market, By End User

9.6 South America (SAM): IoT Market

9.6.1 Overview

9.6.2 SAM IoT Market - Revenue and Forecast to 2028 (US$ Billion)

9.6.3 SAM IoT Market, By Offering

9.6.4 SAM IoT Market, By Hardware

9.6.5 SAM IoT Market, By End User

9.6.6 SAM IoT Market, by Country

9.6.6.1 Brazil IoT Market - Revenue and Forecast to 2028

9.6.6.1.1 Brazil IoT Market, By Offering

9.6.6.1.2 Brazil IoT Market, By Hardware

9.6.6.1.3 Brazil IoT Market, By End User

9.6.6.2 Argentina IoT Market - Revenue and Forecast to 2028

9.6.6.2.1 Argentina IoT Market, By Offering

9.6.6.2.2 Argentina IoT Market, By Hardware

9.6.6.2.3 Argentina IoT Market, By End User

9.6.6.3 Rest of SAM IoT Market - Revenue and Forecast to 2028

9.6.6.3.1 Rest of SAM IoT Market, By Offering

9.6.6.3.2 Rest of SAM IoT Market, By Hardware

9.6.6.3.3 Rest of SAM IoT Market, By End User

10. IoT Market - COVID-19 Impact Analysis

10.1 Overview

10.2 North America: Impact Assessment of COVID-19 Pandemic

10.3 Europe: Impact Assessment of COVID-19 Pandemic

10.4 APAC: Impact Assessment of COVID-19 Pandemic

10.5 MEA: Impact Assessment of COVID-19 Pandemic

10.6 SAM: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 Merger and Acquisition

11.4 New Development

12. Company Profiles

12.1 Microsoft Corporation

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Hewlett Packard Enterprise Development LP (HPE)

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 SAS Institute Inc.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 VMware, Inc.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Google LLC

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Oracle Corporation

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Cisco Systems, Inc.

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 SAP SE

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 IBM Corporation

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 QUALCOMM INCORPORATED

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

Table 1. Global IoT Market Revenue and Forecast to 2028 (US$ Billion)

Table 2. North America IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 3. North America IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 4. North America IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 5. North America IoT Market - Revenue and Forecast to 2028 – By Country (US$ Billion)

Table 6. US IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 7. US IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 8. US IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 9. Canada IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 10. Canada IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 11. Canada IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 12. Mexico IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 13. Mexico IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 14. Mexico IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 15. Europe IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 16. Europe IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 17. Europe IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 18. Europe IoT Market - Revenue and Forecast to 2028 – By Country (US$ Billion)

Table 19. Germany IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 20. Germany IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 21. Germany IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 22. UK IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 23. UK IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 24. UK IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 25. France IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 26. France IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 27. France IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 28. Italy IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 29. Italy IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 30. Italy IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 31. Russia IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 32. Russia IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 33. Russia IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 34. Rest of Europe IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 35. Rest of Europe IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 36. Rest of Europe IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 37. Asia Pacific IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 38. Asia Pacific IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 39. Asia Pacific IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 40. Asia Pacific IoT Market - Revenue and Forecast to 2028 – By Country (US$ Billion)

Table 41. China IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 42. China IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 43. China IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 44. Japan IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 45. Japan IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 46. Japan IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 47. India IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 48. India IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 49. India IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 50. Australia IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 51. Australia IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 52. Australia IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 53. South Korea IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 54. South Korea IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 55. South Korea IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 56. Rest of Asia Pacific IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 57. Rest of Asia Pacific IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 58. Rest of Asia Pacific IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 59. MEA IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 60. MEA IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 61. MEA IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 62. MEA IoT Market - Revenue and Forecast to 2028 – By Country (US$ Billion)

Table 63. Saudi Arabia IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 64. Saudi Arabia IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 65. Saudi Arabia IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 66. UAE IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 67. UAE IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 68. UAE IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 69. South Africa IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 70. South Africa IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 71. South Africa IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 72. Rest of MEA IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 73. Rest of MEA IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 74. Rest of MEA IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 75. SAM IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 76. SAM IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 77. SAM IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 78. SAM IoT Market - Revenue and Forecast to 2028 – By Country (US$ Billion)

Table 79. Brazil IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 80. Brazil IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 81. Brazil IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 82. Argentina IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 83. Argentina IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 84. Argentina IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 85. Rest of SAM IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 86. Rest of SAM IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 87. Rest of SAM IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 88. List of Abbreviation

LIST OF FIGURES.

Figure 1. IoT Market Segmentation

Figure 2. IoT Market Segmentation – By Geography

Figure 3. Global IoT Market Overview

Figure 4. IoT Market, by Offering

Figure 5. IoT Market, by Hardware

Figure 6. IoT Market, by End User

Figure 7. IoT Market, by Geography

Figure 8. North America – PEST Analysis

Figure 9. Europe – PEST Analysis

Figure 10. APAC – PEST Analysis

Figure 11. MEA – PEST Analysis

Figure 12. SAM – PEST Analysis

Figure 13. IoT Market- Ecosystem Analysis

Figure 14. Expert Opinion

Figure 15. IoT Market: Impact Analysis of Drivers and Restraints

Figure 16. Geographic Overview of IoT Market

Figure 17. Global IoT Market Revenue Forecast and Analysis (US$ Billion)

Figure 18. IoT Market Revenue Share, by Offering (2021 and 2028)

Figure 19. Hardware: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 20. Processors: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 21. Connectivity Modules: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 22. Sensors: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 23. Memory Devices: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 24. Others: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 25. Software: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 26. Service: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 27. IoT Market Revenue Share, by End User (2021 and 2028)

Figure 28. Industrial: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 29. Commercial: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 30. Residential: IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 31. Global IoT Market, by Region, 2021 & 2028 (%)

Figure 32. North America IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 33. North America IoT Market, By Offering, 2021 & 2028 (%)

Figure 34. North America IoT Market, By Hardware, 2021 & 2028 (%)

Figure 35. North America IoT Market, By End User, 2021 & 2028 (%)

Figure 36. North America IoT Market, by Country, 2021 & 2028 (%)

Figure 37. US IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 38. Canada IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 39. Mexico IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 40. Europe IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 41. Europe IoT Market, By Offering, 2021 & 2028 (%)

Figure 42. Europe IoT Market, By Hardware, 2021 & 2028 (%)

Figure 43. Europe IoT Market, By End User, 2021 & 2028 (%)

Figure 44. Europe IoT Market, by Country, 2021 & 2028 (%)

Figure 45. Germany IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 46. UK IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 47. France IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 48. Italy IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 49. Russia IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 50. Rest of Europe IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 51. Asia Pacific IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 52. Asia Pacific IoT Market, By Offering, 2021 & 2028 (%)

Figure 53. Asia Pacific IoT Market, By Hardware, 2021 & 2028 (%)

Figure 54. Asia Pacific IoT Market, By End User, 2021 & 2028 (%)

Figure 55. Asia Pacific IoT Market, by Country, 2021 & 2028 (%)

Figure 56. China IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 57. Japan IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 58. India IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 59. Australia IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 60. South Korea IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 61. Rest of Asia Pacific IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 62. MEA IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 63. MEA IoT Market, By Offering, 2021 & 2028 (%)

Figure 64. MEA IoT Market, By Hardware, 2021 & 2028 (%)

Figure 65. MEA IoT Market, By End User, 2021 & 2028 (%)

Figure 66. MEA IoT Market, by Country, 2021 & 2028 (%)

Figure 67. Saudi Arabia IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 68. UAE IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 69. South Africa IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 70. Rest of MEA IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 71. SAM IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 72. SAM IoT Market, By Offering, 2021 & 2028 (%)

Figure 73. SAM IoT Market, By Hardware, 2021 & 2028 (%)

Figure 74. SAM IoT Market, By End User, 2021 & 2028 (%)

Figure 75. SAM IoT Market, by Country, 2021 & 2028 (%)

Figure 76. Brazil IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 77. Argentina IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 78. Rest of SAM IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 79. Impact of COVID-19 Pandemic on North America Country Markets

Figure 80. Impact of COVID-19 Pandemic on Europe Country Markets

Figure 81. Impact of COVID-19 Pandemic on APAC Country Markets

Figure 82. Impact of COVID-19 Pandemic on MEA Country Markets

Figure 83. Impact of COVID-19 Pandemic on SAM Country Markets

The List of Companies - IoT Market

• Microsoft Corporation

• Hewlett Packard Enterprise Development LP

• SAS Institute Inc.

• VMware, Inc.

• Google, LLC

• Oracle Corporation

• Cisco Systems, Inc.

• SAP SE

• IBM Corporation

• Qualcomm Technologies, Inc.

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global IoT market.

• Highlights key business priorities in order to assist companies to realign their business strategies

• The key findings and recommendations highlight crucial progressive industry trends in the global IoT market, thereby allowing players across the value chain to develop effective long-term strategies

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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