Internet of Things (IoT) Market Size to Garner USD 2,703.52 Billion by 2032

The global internet of things (IoT) market size was estimated to be around US$ 328.6 billion in 2022. It is projected to reach US$ 2,703.52 billion by 2032, indicating a CAGR of 23.46% from 2023 to 2032.

Key Takeaways:

• North America led the global market with the highest market share of 33% in 2022.
• By Component, the software segment held the largest market share in 2022 and is expected to continue the same pattern during the forecast period.
• By Deployment, the cloud segment is expected to dominate the market during the forecast period.
• By Organization size, the large enterprises segment is expected to hold a significant market share over the forecast period.
• By Platform, the device management segment is expected to dominate the market over the forecast period.
• By Technology, the network communication segment is expected to grow at the fastest rate over the forecast period.
• By Industry Vertical, the e-commerce segment is expected to grow at the highest CAGR over the forecast period.

The market research report on the Internet of things (IoT) market provides a comprehensive analysis of various key aspects. It includes the definition, classification, and application of Internet of things (IoT) products. The report examines the development trends, competitive landscape, and industrial chain structure within the industry. Furthermore, it presents an overview of the industry, analyzes national policies and planning, and offers insights into the latest market dynamics and opportunities at a global level.

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Report Scope of the Internet of Things (IoT) Market:

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The report presents the volume and value-based market size for the base year 2022 and forecasts the market’s growth between 2023 and 2032. It estimates market numbers based on product form and application, providing size and forecast for each application segment in both global and regional markets.

Focusing on the global Internet of things (IoT) market, the report highlights its status, future forecasts, growth opportunities, key market players, and key market regions such as the United States, Europe, and China. The study aims to present the development of the Internet of things (IoT) market by considering factors like Year-on-Year (Y-o-Y) growth, in addition to Compound Annual Growth Rate (CAGR). This approach enables a better understanding of market certainty and the identification of lucrative opportunities.

Regarding production, the report investigates the capacity, production, value, ex-factory price, growth rate, and market share of major manufacturers, regions, and product types. On the consumption side, the report focuses on the regional consumption of Internet of things (IoT) products across different countries and applications.

Buyers of the report gain access to verified market figures, including global market size in terms of revenue and volume. The report provides reliable estimations and calculations for global revenue and volume by product type from 2023 to 2032. It also includes accurate figures for production capacity and production by region during the same period.

The research includes product parameters, production processes, cost structures, and data classified by region, technology, and application. Furthermore, it conducts SWOT analysis and investment feasibility studies for new projects.

This in-depth research report offers valuable insights into the Internet of things (IoT) market. It employs an objective and fair approach to analyze industry trends, supporting customer competition analysis, development planning, and investment decision-making. The project received support and assistance from technicians and marketing personnel across various links in the industry chain.

The competitive landscape section of the report provides detailed information on Internet of things (IoT) market competitors. It includes company overviews, financials, revenue generation, market potential, research and development investments, new market initiatives, global presence, production sites, production capacities, strengths and weaknesses, product launches, product range, and application dominance. However, the data points provided only focus on the companies’ activities related to the Internet of things (IoT) market.

Prominent players in the market are expected to face tough competition from new entrants. Key players are targeting acquisitions of startup companies to maintain their dominance. The report

Reasons to Purchase this Report:

• Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
• In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
• Market size in USD million and volume in million units provided for each segment and sub-segment.
• Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
• Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.

Key Market Players:

• Intel Corporation
• Hewlett Packard Enterprise
• Sap SE
• Bosch Software Innovation
• Amazon Web Service
• Google
• Microsoft Corporation
• Oracle Corporation
• Cisco Systems, Inc.
• IBM Corporation

Segments Covered in the Report:

By Component

• Hardware
• Software
• Services

By Deployment

• Cloud
• On-premises

By Organization Size

• Large Enterprises
• SMEs

By Platform

• Device Management
• Application Management
• Network Management

By Technology

• Radiofrequency Identification
• Pressure Sensors
• Network Communications
• Data Processing
• Near-field Communication

By Industry Vertical

• Energy & Utility
• Healthcare
• Transportation & Logistics
• IT & Telecom
• Manufacturing
• E-commerce
• Others

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Internet of Things (IoT) Market 

5.1. COVID-19 Landscape: Internet of Things (IoT) Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Internet of Things (IoT) Market, By Component

8.1. Internet of Things (IoT) Market, by Component, 2023-2032

8.1.1. Hardware

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. Software

8.1.2.1. Market Revenue and Forecast (2020-2032)

8.1.3. Services

8.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global Internet of Things (IoT) Market, By Deployment

9.1. Internet of Things (IoT) Market, by Deployment, 2023-2032

9.1.1. Tence

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. On-premises

9.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global Internet of Things (IoT) Market, By Organization Size

10.1. Internet of Things (IoT) Market, by Organization Size, 2023-2032

10.1.1. Large Enterprises

10.1.1.1. Market Revenue and Forecast (2020-2032)

10.1.2. SMEs

10.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 11. Global Internet of Things (IoT) Market, By Platform

11.1. Internet of Things (IoT) Market, by Platform, 2023-2032

11.1.1. Device Management

11.1.1.1. Market Revenue and Forecast (2020-2032)

11.1.2. Application Management

11.1.2.1. Market Revenue and Forecast (2020-2032)

11.1.3. Network Management

11.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 12. Global Internet of Things (IoT) Market, By Technology

12.1. Internet of Things (IoT) Market, by Technology, 2023-2032

12.1.1. Radiofrequency Identification

12.1.1.1. Market Revenue and Forecast (2020-2032)

12.1.2. Pressure Sensors

12.1.2.1. Market Revenue and Forecast (2020-2032)

12.1.3. Network Communications

12.1.3.1. Market Revenue and Forecast (2020-2032)

12.1.4. Data Processing

12.1.4.1. Market Revenue and Forecast (2020-2032)

12.1.5. Near-field Communication

12.1.5.1. Market Revenue and Forecast (2020-2032)

Chapter 13. Global Internet of Things (IoT) Market, By Industry Vertical

13.1. Internet of Things (IoT) Market, by Industry Vertical, 2023-2032

13.1.1. Energy & Utility

13.1.1.1. Market Revenue and Forecast (2020-2032)

13.1.2. Healthcare

13.1.2.1. Market Revenue and Forecast (2020-2032)

13.1.3. Transportation & Logistics

13.1.3.1. Market Revenue and Forecast (2020-2032)

13.1.4. IT & Telecom

13.1.4.1. Market Revenue and Forecast (2020-2032)

13.1.5. Manufacturing

13.1.5.1. Market Revenue and Forecast (2020-2032)

13.1.6. E-commerce

13.1.6.1. Market Revenue and Forecast (2020-2032)

13.1.7. Others

13.1.7.1. Market Revenue and Forecast (2020-2032)

Chapter 14. Global Internet of Things (IoT) Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Component (2020-2032)

14.1.2. Market Revenue and Forecast, by Deployment (2020-2032)

14.1.3. Market Revenue and Forecast, by Organization Size (2020-2032)

14.1.4. Market Revenue and Forecast, by Platform (2020-2032)

14.1.5. Market Revenue and Forecast, by Technology (2020-2032)

14.1.6. Market Revenue and Forecast, by Industry Vertical (2020-2032)

14.1.7. U.S.

14.1.7.1. Market Revenue and Forecast, by Component (2020-2032)

14.1.7.2. Market Revenue and Forecast, by Deployment (2020-2032)

14.1.7.3. Market Revenue and Forecast, by Organization Size (2020-2032)

14.1.7.4. Market Revenue and Forecast, by Platform (2020-2032)

14.1.8. Market Revenue and Forecast, by Technology (2020-2032)

14.1.8.1. Market Revenue and Forecast, by Industry Vertical (2020-2032)

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Component (2020-2032)

14.1.9.2. Market Revenue and Forecast, by Deployment (2020-2032)

14.1.9.3. Market Revenue and Forecast, by Organization Size (2020-2032)

14.1.9.4. Market Revenue and Forecast, by Platform (2020-2032)

14.1.10. Market Revenue and Forecast, by Technology (2020-2032)

14.1.11. Market Revenue and Forecast, by Industry Vertical (2020-2032)

14.1.11.1.

14.2. Europe

14.2.1. Market Revenue and Forecast, by Component (2020-2032)

14.2.2. Market Revenue and Forecast, by Deployment (2020-2032)

14.2.3. Market Revenue and Forecast, by Organization Size (2020-2032)

14.2.4. Market Revenue and Forecast, by Platform (2020-2032)

14.2.5. Market Revenue and Forecast, by Technology (2020-2032)

14.2.6. Market Revenue and Forecast, by Industry Vertical (2020-2032)

14.2.7.

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Component (2020-2032)

14.2.8.2. Market Revenue and Forecast, by Deployment (2020-2032)

14.2.8.3. Market Revenue and Forecast, by Organization Size (2020-2032)

14.2.9. Market Revenue and Forecast, by Platform (2020-2032)

14.2.10. Market Revenue and Forecast, by Technology (2020-2032)

14.2.10.1. Market Revenue and Forecast, by Industry Vertical (2020-2032)

14.2.11. Germany

14.2.11.1. Market Revenue and Forecast, by Component (2020-2032)

14.2.11.2. Market Revenue and Forecast, by Deployment (2020-2032)

14.2.11.3. Market Revenue and Forecast, by Organization Size (2020-2032)

14.2.12. Market Revenue and Forecast, by Platform (2020-2032)

14.2.13. Market Revenue and Forecast, by Technology (2020-2032)

14.2.14. Market Revenue and Forecast, by Industry Vertical (2020-2032)

14.2.14.1.

14.2.15. France

14.2.15.1. Market Revenue and Forecast, by Component (2020-2032)

14.2.15.2. Market Revenue and Forecast, by Deployment (2020-2032)

14.2.15.3. Market Revenue and Forecast, by Organization Size (2020-2032)

14.2.15.4. Market Revenue and Forecast, by Platform (2020-2032)

14.2.16. Market Revenue and Forecast, by Technology (2020-2032)

14.2.16.1. Market Revenue and Forecast, by Industry Vertical (2020-2032)

14.2.17. Rest of Europe

14.2.17.1. Market Revenue and Forecast, by Component (2020-2032)

14.2.17.2. Market Revenue and Forecast, by Deployment (2020-2032)

14.2.17.3. Market Revenue and Forecast, by Organization Size (2020-2032)

14.2.17.4. Market Revenue and Forecast, by Platform (2020-2032)

14.2.18. Market Revenue and Forecast, by Technology (2020-2032)

14.2.18.1. Market Revenue and Forecast, by Industry Vertical (2020-2032)

14.3. APAC

14.3.1. Market Revenue and Forecast, by Component (2020-2032)

14.3.2. Market Revenue and Forecast, by Deployment (2020-2032)

14.3.3. Market Revenue and Forecast, by Organization Size (2020-2032)

14.3.4. Market Revenue and Forecast, by Platform (2020-2032)

14.3.5. Market Revenue and Forecast, by Technology (2020-2032)

14.3.6. Market Revenue and Forecast, by Industry Vertical (2020-2032)

14.3.7. India

14.3.7.1. Market Revenue and Forecast, by Component (2020-2032)

14.3.7.2. Market Revenue and Forecast, by Deployment (2020-2032)

14.3.7.3. Market Revenue and Forecast, by Organization Size (2020-2032)

14.3.7.4. Market Revenue and Forecast, by Platform (2020-2032)

14.3.8. Market Revenue and Forecast, by Technology (2020-2032)

14.3.9. Market Revenue and Forecast, by Industry Vertical (2020-2032)

14.3.10. China

14.3.10.1. Market Revenue and Forecast, by Component (2020-2032)

14.3.10.2. Market Revenue and Forecast, by Deployment (2020-2032)

14.3.10.3. Market Revenue and Forecast, by Organization Size (2020-2032)

14.3.10.4. Market Revenue and Forecast, by Platform (2020-2032)

14.3.11. Market Revenue and Forecast, by Technology (2020-2032)

14.3.11.1. Market Revenue and Forecast, by Industry Vertical (2020-2032)

14.3.12. Japan

14.3.12.1. Market Revenue and Forecast, by Component (2020-2032)

14.3.12.2. Market Revenue and Forecast, by Deployment (2020-2032)

14.3.12.3. Market Revenue and Forecast, by Organization Size (2020-2032)

14.3.12.4. Market Revenue and Forecast, by Platform (2020-2032)

14.3.12.5. Market Revenue and Forecast, by Technology (2020-2032)

14.3.12.6. Market Revenue and Forecast, by Industry Vertical (2020-2032)

14.3.13. Rest of APAC

14.3.13.1. Market Revenue and Forecast, by Component (2020-2032)

14.3.13.2. Market Revenue and Forecast, by Deployment (2020-2032)

14.3.13.3. Market Revenue and Forecast, by Organization Size (2020-2032)

14.3.13.4. Market Revenue and Forecast, by Platform (2020-2032)

14.3.13.5. Market Revenue and Forecast, by Technology (2020-2032)

14.3.13.6. Market Revenue and Forecast, by Industry Vertical (2020-2032)

14.4. MEA

14.4.1. Market Revenue and Forecast, by Component (2020-2032)

14.4.2. Market Revenue and Forecast, by Deployment (2020-2032)

14.4.3. Market Revenue and Forecast, by Organization Size (2020-2032)

14.4.4. Market Revenue and Forecast, by Platform (2020-2032)

14.4.5. Market Revenue and Forecast, by Technology (2020-2032)

14.4.6. Market Revenue and Forecast, by Industry Vertical (2020-2032)

14.4.7. GCC

14.4.7.1. Market Revenue and Forecast, by Component (2020-2032)

14.4.7.2. Market Revenue and Forecast, by Deployment (2020-2032)

14.4.7.3. Market Revenue and Forecast, by Organization Size (2020-2032)

14.4.7.4. Market Revenue and Forecast, by Platform (2020-2032)

14.4.8. Market Revenue and Forecast, by Technology (2020-2032)

14.4.9. Market Revenue and Forecast, by Industry Vertical (2020-2032)

14.4.10. North Africa

14.4.10.1. Market Revenue and Forecast, by Component (2020-2032)

14.4.10.2. Market Revenue and Forecast, by Deployment (2020-2032)

14.4.10.3. Market Revenue and Forecast, by Organization Size (2020-2032)

14.4.10.4. Market Revenue and Forecast, by Platform (2020-2032)

14.4.11. Market Revenue and Forecast, by Technology (2020-2032)

14.4.12. Market Revenue and Forecast, by Industry Vertical (2020-2032)

14.4.13. South Africa

14.4.13.1. Market Revenue and Forecast, by Component (2020-2032)

14.4.13.2. Market Revenue and Forecast, by Deployment (2020-2032)

14.4.13.3. Market Revenue and Forecast, by Organization Size (2020-2032)

14.4.13.4. Market Revenue and Forecast, by Platform (2020-2032)

14.4.13.5. Market Revenue and Forecast, by Technology (2020-2032)

14.4.13.6. Market Revenue and Forecast, by Industry Vertical (2020-2032)

14.4.14. Rest of MEA

14.4.14.1. Market Revenue and Forecast, by Component (2020-2032)

14.4.14.2. Market Revenue and Forecast, by Deployment (2020-2032)

14.4.14.3. Market Revenue and Forecast, by Organization Size (2020-2032)

14.4.14.4. Market Revenue and Forecast, by Platform (2020-2032)

14.4.14.5. Market Revenue and Forecast, by Technology (2020-2032)

14.4.14.6. Market Revenue and Forecast, by Industry Vertical (2020-2032)

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Component (2020-2032)

14.5.2. Market Revenue and Forecast, by Deployment (2020-2032)

14.5.3. Market Revenue and Forecast, by Organization Size (2020-2032)

14.5.4. Market Revenue and Forecast, by Platform (2020-2032)

14.5.5. Market Revenue and Forecast, by Technology (2020-2032)

14.5.6. Market Revenue and Forecast, by Industry Vertical (2020-2032)

14.5.7. Brazil

14.5.7.1. Market Revenue and Forecast, by Component (2020-2032)

14.5.7.2. Market Revenue and Forecast, by Deployment (2020-2032)

14.5.7.3. Market Revenue and Forecast, by Organization Size (2020-2032)

14.5.7.4. Market Revenue and Forecast, by Platform (2020-2032)

14.5.8. Market Revenue and Forecast, by Technology (2020-2032)

14.5.8.1. Market Revenue and Forecast, by Industry Vertical (2020-2032)

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Component (2020-2032)

14.5.9.2. Market Revenue and Forecast, by Deployment (2020-2032)

14.5.9.3. Market Revenue and Forecast, by Organization Size (2020-2032)

14.5.9.4. Market Revenue and Forecast, by Platform (2020-2032)

14.5.9.5. Market Revenue and Forecast, by Technology (2020-2032)

14.5.9.6. Market Revenue and Forecast, by Industry Vertical (2020-2032)

Chapter 15. Company Profiles

15.1. Intel Corporation

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. Hewlett Packard Enterprise

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. Sap SE

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. Bosch Software Innovation

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. Amazon Web Service

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. Google

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. Microsoft Corporation

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. Oracle Corporation

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. Cisco Systems, Inc.

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. IBM Corporation

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

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