Global Internet of Things Market to hit $ 810 billion by 2024

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Steve Blade
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Internet of things technology is buzzing, no matter which industry you are looking into. Connected devices are shaping the future of internet of things market, when it comes to adoption rate some of the end user segments are getting ahead of the rest. Manufacturing and logistics key players are mounting the market in terms of spending in Internet of things technology whereas automotive and transportation sector is recently exposed in the market. Business leaders are taking initiatives in IOT to stay relevant and beat their competitors. Healthcare and manufacturing sector acquired the major market share of Internet of things market followed by insurance and banking sector. Our report on Internet of things market consist intelligence that can help your business to grow in this competitive environment. According to the Goldstein Research, each person will own an average of 7 connected devices in the communication. In the automobiles 8.7 million cars had internet access which has now grown to 23.6 million in 2016. Industrial segment tends to see the annual growth rate of 30% due to increase in machine to machine connection. IBM would invest USD 3 billion over the next four years into internet of things division. According to the Cisco study, there is the possibility for USD 14 trillion profits for the next two decades.

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Market Segmentation:
• By Components
o Internet of Things (IoT) Devices
• Non-wearable Devices
• Wearable Devices
o Internet of Things (IoT) Platforms
• Connectivity/M2M Platforms
• Infrastructure-as-a-Service (Iaas) Backend Platforms
• Hardware specific software Platforms
• Consumer/Enterprise Software Extension Platforms
o Sensors & Actuators
• By Software
o Data Management S/W
o Network Management S/W
o Security S/W
o Remote Monitoring S/W
o Real Time Streaming Analytics S/W
• By Application
o Smart Homes (e.g. smart thermostats, connected lights, smart appliances, smart door locks)
o Wearables (e.g. smart watch, activity tracker, smart glass)
o Smart City (e.g. smart parking, smart waste management)
o Smart Grid (e.g. smart metering)
o Industrial automation (e.g. remote asset control, workforce monitoring)
o Connected car (e.g. remote car control)
o Connected Health (e.g. Tele-medicine)
o Smart Retail (e.g. smart mirrors)
o Smart Supply Chain (e.g. RFID Trackers)
o Smart Agriculture (e.g. smart watering systems)
• By End-User
o Consumer Electronics Sector
o Transportation & Logistics Sector
o Energy Sector
o Manufacturing Sector
o Healthcare Sector
o Agriculture Sector
o Retail Sector
o Others (Education Sector)
• Impact Analysis (%) of Connectivity Technologies on IoT Market
o Cellular
o Wi-Fi
o Bluetooth
o GNSS/Location
o NFC
o Powerline
• By Region
o North America (U.S., Canada)
• Adoption rate (%) of IoT Technology
• No. of Connected Devices
• Competitive Outlook (Major Players)
• Impacting factors (Macroeconomic & Microeconomic factors)
• Growth Drivers & Restraints
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and ROAP)
• Adoption rate (%) of IoT Technology
• No. of Connected Devices
• Competitive Outlook (Major Players)
• Impacting factors (Macroeconomic & Microeconomic factors)
• Growth Drivers & Restraints
o Europe (The UK, Germany, France, Italy, Spain, Hungary, Russia, Poland, Sweden, Netherlands and ROE)
• Adoption rate (%) of IoT Technology
• No. of Connected Devices
• Competitive Outlook (Major Players)
• Impacting factors (Macroeconomic & Microeconomic factors)
• Growth Drivers & Restraints
o Latin America (Brazil, Mexico and ROLA)
• Adoption rate (%) of IoT Technology
• No. of Connected Devices
• Competitive Outlook (Major Players)
• Impacting factors (Macroeconomic & Microeconomic factors)
• Growth Drivers & Restraints
o Middle East and Africa (GCC, North-Africa, South Africa)
• Adoption rate (%) of IoT Technology
• No. of Connected Devices
• Competitive Outlook (Major Players)
• Impacting factors (Macroeconomic & Microeconomic factors)
• Growth Drivers & Restraints
o Rest of the World
• Adoption rate (%) of IoT Technology
• No. of Connected Devices
• Competitive Outlook (Major Players)
• Impacting factors (Macroeconomic & Microeconomic factors)
• Growth Drivers & Restraints

“Global Internet of Things Market Outlook 2024” contains detailed overview of the global internet of things market in terms of market segmentation by component, by software, by application and by end user industries.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.

Global Internet of things Market Report also provides competitive outlook of some of the major players of the global IOT market which includes profiling of IBM, Google, Intel, Microsoft etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the global internet of things market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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