DUBLIN--(BUSINESS WIRE)--The "Global IoT Market & Technology Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The Global IoT market would be dominated by three regions - North America, Western Europe, and the Asia Pacific. The Asia Pacific market is expected to account for more than 30% of the total market. The Global IoT Market is expected to grow at a CAGR of around 10.2% during the forecast period, the market is expected to grow from USD 916.9 Billion in 2020 to USD 1994.3 Billion in 2029. The cumulative market is expected to reach USD 13100 Billion.
The cost of implementation and legacy devices is expected to act as restraints to the growth of the IoT market during the forecast period. The current IoT market is fragmented and one of the key challenges is lack of standardization. Bottleneck issues are expected to arise as the IoT market grows which would result in the shift from cloud computing to edge computing and then to a mesh topology. IPV4 standard is expected to be replaced by the IPV6 standard to accommodate the large number of connected devices which would be present in the IoT market in the future.
It is expected that there would be a transformation in the way data is being processed. Data processing would shift from centralized and cloud to edge technology where analysis of data and development of solutions would take place at the site where the data is generated. Edge computing is expected to have vast applications in time-critical processes like time-critical like driverless transport applications. The diminishing size of sensors is primarily driven by MEMS technology.
Scope
The report is aimed at:
- Helping the reader understand the key market dynamics, which are the key drivers, restraints, and challenges in the Global IoT Market.
- The key IoT technologies which are expected to evolve during the forecast period have been covered in depth.
- The country analysis covers a detailed IoT support infrastructure of each country and the key IoT projects in those specific countries and the startups based in these countries.
- The Political, Economic, Social and Technology trends in the Global IoT market have been covered in a separate section, similarly, Porter's Five Forces have also been covered in detail.
- The Opportunity Analysis Chapter identifies the high growth market across segments
- The Scenario Analysis Chapter is aimed at analyzing the dynamic impacts of the key factors that are expected to affect the IoT market
Market Dynamics
Drivers
- Growth in Support Infrastructure
- Expanded internet connectivity
- High Mobile Adoption and Cellular IoT
- Resource Optimization
- Data Analytics
Restraints
- High Cost of Implementation
- Legacy Devices
Challenges
- Security
- Data Liability
- Lack of standardization
- Government Regulations
Market Technologies
- Edge Computing
- MEMS Technology
- Satellite IoT
- Digital Twins
- IoT platforms
- IoT operating systems
- Low power Short Range IoT networks
- Low Power Wide Area Networks
- Smart Sensors
Segmentation covered in this report
The market is segmented based on Region, Industry, Technology, Deployment, and Platform:
Region-Wise Segmentation:
- North America
- Europe
- APAC
- Middle East
- Latin America
- ROW
By Technology
- WPAN
- WLAN
- LPWA
- Wired
- Cellular
- 5G
- WNAN
- Others
By Industry
- BFSI
- Consumer
- Utilities
- Transport and Logistics
- Manufacturing
- Automotive
- Healthcare
- Others (Agriculture, Retail, etc.)
By Deployment
- In Premise
- Cloud
- Hybrid
By Product Type
- Hardware
- Software
Country Analysis
- USA
- China
- France
- UK
- Germany
- Italy
- Canada
- South Korea
- Spain
- Netherlands
- Japan
- India
Companies Mentioned
- Alibaba
- AT&T
- Cisco
- Dell
- Fujitsu
- Hewlett Packard Enterprise
- Huawei
- IBM
- Intel Corporation
- Microsoft
- Qualcomm
- Samsung
For more information about this report visit https://www.researchandmarkets.com/r/b0nyhr
