Global Internet of Things (IoT) Market Analysis 2021

Global Internet of Things (IoT) Market Analysis 2021

The Global Internet of Things (IoT) Market is expected to reach $ 165.31 billion by 2027 growing at a CAGR of 24.9% from 2020 to 2027. The internet of things (IoT) is a term used to define the constantly growing network of internet-linked electronic devices that are in operation everywhere in the world today. These devices frequently share data and information to provide added ease and control to consumers and, in some cases, even allow users to automate simple processes such as ordering supplies.

Factors such as an increase in cloud platform adoption, the advent of advanced data analytics, and data processing are driving the growth of the market. However, data security and privacy concern is restraining the growth of the market.

Based on the software solution, the device management segment is going to have lucrative growth during the forecast period. The device management platform permits carriers and enterprises to manage IoT devices, set up alerts, apply security, patches and provide device-centric reports using administrative tools. The device management platform delivers capabilities for remote access, software management device provisioning, configuration, administration, software management, troubleshooting, and device monitoring. The device manufacturers are progressively adopting device management platforms to configure firmware.

The key vendors mentioned are Amazon.com Inc, AT&T Inc, BlackBerry, Bosch Software Innovations GmbH, Bright WolfC3 IoT, Carriots, Cisco Systems Inc, Concirrus, Cumulocity, IBM Corporation, Intel Corporation, Microsoft Corporation, Oracle Corporation, SAP SE and Siemens AG.

Platforms Covered:
• Analytics
• Cloud Platform
• Data Transport
• Security
• Sensor

Components Covered:
• Actuators
• Connectivity Devices
• Hardware
• IT Services
• Processor
• Services

Connection Methods Covered:
• Bluetooth
• Cellular
• Ethernet
• Low-Power Wide-Area Network (LPWAN)
• Satellite
• Wi-Fi

Network Infrastructures Covered:
• Ethernet Switch and Routing
• Gateway
• Server
• Storage

Software Solutions Covered:
• Application Management
• Data Management
• Device Management
• Network Bandwidth Management
• Network Management
• Real Time Streaming Analytics
• Remote Monitoring

Services Covered:
• Deployment and Integration
• Managed Service
• Professional and Consulting Service
• Support and Maintenance

Applications Covered:
• Artificial Intelligence
• Connectivity Integrated Circuit (IC)
• Databases
• Machine To Machine (M2M) Communication
• Smart Grid
• Vehicle-To-Vehicle (V2V) Communication
• Wearable Computing Devices

End Users Covered:
• Agriculture
• Automotive
• Banking and Financial Services
• Connected Healthcare
• Connected Logistics
• Consumer Electronics
• Government and Defense
• Home and Building Automation
• Information Technology & Telecom
• Smart Agriculture
• Smart Energy and Utilities
• Smart Manufacturing
• Smart Mobility and Transportation
• Smart Retail
• Sustainable Energy
• Transportation

Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Key Questions Answered in this Report:
• How this market evolved since the year 2019
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period