IoT Solutions and Services Market by Component (Solutions and Services), Organization Size, Deployment Mode, Focus Area (Smart Manufacturing, Smart Energy and Utilities, and Smart Retail) and Region - Global Forecast to 2027
IoT Solutions and Services Market Analysis - Size, Growth, Report
[269 Pages Report] The global IoT Solutions and Services Market was worth approximately $243.1 billion in 2022 and is poised to reach over $575.0 billion by the end of 2027, projecting a CAGR of 18.8% from 2022 to 2027. The base year considered for estimation is 2021 and data available for the years 2016 to 2027.
The IoT Solutions and Services industry is expected to grow at a rapid pace due to the evolution of new technologies, and adoption and scaling of digital initiatives.
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COVID-19 Impact
The outbreak of COVID-19 is disrupting the world, businesses, and economies, thereby impacting people's livelihood, interactions, and the way they manage their businesses. The ability to sustain has become the new normal for enterprises as they are shifting their focus from growth opportunities and concentrating on implementing drastic measures to mitigate the impact of the COVID-19 pandemic. Competition among major companies that offer IoT solutions and services is expected to grow, as many enterprises and government upcoming projects were kept on hold due to the pandemic. New practices, such as work from home and social distancing, are creating the need for remote monitoring, smart payment technologies, and building the digital infrastructure for large-scale deployments. The IoT solutions and services market witnessed a slowdown in 2020 due to the global lockdown. Global supply chains and logistics were badly impacted. However, post-COVID-19, the IoT solutions and services market is expected to flourish with the resumption of various projects and the need for automation among enterprises paving the way for new IoT projects.
IoT Solutions and Services Market Growth Dynamics
How availability of high-speed connectivity driving the IoT market growth?
Over the years, wireless technologies have advanced from hypothetical observations to a readily applied science that plays a major role in several aspects of modern life. These technologies include Wi-Fi, Bluetooth, ZigBee, Z-Wave, Insteon, and Digital Enhanced Cordless Telecommunications (DECT). Peer-to-peer solutions, such as AllSeen, DLNA, and UPnP, also witness accelerated development and enable direct device-to-device communication. A growing number of wireless technologies allows compatible desktop computers, laptops, smart phones, and tablet devices to connect with one another. This increase in connectivity will lead to a larger base of individuals interested in purchasing IoT devices. High-speed network connectivity has created several new options for organizations across industry verticals. The advancement in high-speed wireless network technology and the number of devices enabled with this technology are increasing rapidly.
Long Term Evolution (LTE) is the modern high-speed wireless communications standard for mobile phones and data terminals, supporting 4G and 5G services. It is easily deployed and optimizes network connectivity by using separate radio links for the device-to-tower uplink and tower-to-device downlink. LTE is important because it enables more efficient use of the ever-limited spectrum available for connecting low-power IoT devices with back-end systems. Additionally, the introduction and evolution of IPv6 are driving the demand for connected technologies among organizations. The deployment of the IPv6 addresses will positively impact IoT-connected devices. Moreover, an additional feature of IPv6 is its ability to make the management of networks easier using auto-pattern capabilities and provide advanced security and privacy measures.
Restraint: Why is data security and privacy a critical restraining factor that is holding back growth of market?
As IoT becomes more widespread, enterprises demand better security and privacy protection to protect against corporate surveillance and data breaches. With the increase in the number of IoT-enabled systems, many security and privacy issues will arise; every endpoint, gateway, sensor, and smartphone will become a potential target for hackers. The most dangerous part of the IoT ecosystem is that enterprises surrender their privacy, bit by bit, without realizing it because they are unaware of what data is being collected and how it is being used. In several enterprise business processes, IoT devices measure variables, such as speed, pressure, consumption, and temperature, while actuators control physical systems, such as brakes, valves, lights, power circuits, or automated drug dispensers. These applications are interesting from the security and privacy perspective because they all affect the physical world, sometimes controlling critical infrastructure and sometimes gathering very private information about different operations and smart equipment. There is a need for IoT security and privacy protection among enterprises as some of the devices used in the IoT have extremely limited memory, processing capacity, and battery power.
How increase in smart city initiatives creating opportunity for IoT market?
The rapid explosion of IoT and smart city initiatives is enhancing the need for smart security solutions, such as Perimeter Intrusion Detection System (PIDS), to secure boundaries. In addition, there is a high focus on efficient energy management solutions to ensure proper metering and minimize wastage. The transportation infrastructure in smart cities also invites IoT technology vendors' contribution to ensure proper monitoring and control, minimize carbon emissions, and provide better route planning and optimization.
Many countries nowadays are investing heavily in technology to upgrade their legacy infrastructure. For example, the Government of India, in 2016, planned to invest USD 7.51 billion in upgrading 100 existing cities across the country into smart cities. Furthermore, in 2016, the US government announced an investment of USD 165 million for smart city solutions. Hence, the initiatives regarding smart cities are expected to help IoT solutions and services market grow. As per an article published by the American Society of Mechanical Engineers in February 2020, the Singapore government has been planning to implement intelligent, energy-efficient lighting for all public roads and have solar panels installed on rooftops of 6,000 buildings by 2022. Norway had announced plans to build a sustainable smart city on 260 acres near Oslo’s airport to develop technology-driven communities
How is dearth of skilled professionals impacting growth of the market?
The IoT solutions and services market is still new; it requires specific IT technical skills and expertise to be deployed and managed correctly for effective operations of installed IoT devices and data management. The lack of operational and IT skills hampers the defective utilization of IoT solutions. As more and more IoT devices are added to networks, network management is becoming more difficult for IT teams due to the increased network complexity and data flow to the cloud. Along with the effective utilization of IoT cloud platforms, adequate knowledge is needed for business processes, such as collecting data, interoperability, integration, and analyzing data. Other important skills that are not easily available are big data analytics, automation, and business intelligence. Thus, the existing workforce must be trained regularly to handle these advanced technologies. The majority of organizations are looking forward to vendors in regard to technical expertise support for IoT solutions. Thus, the lack of a technically skilled workforce is hindering the adoption of IoT solutions..
Asia Pacific to grow at a highest CAGR during the forecast period
Asia Pacific consists of several emerging and developed economies, such as Australia, India, China, Japan, and Singapore. The high adoption rate of new technologies has made this region a lucrative market for the IT industry. Due to this reason, the IoT solutions and services market in Asia Pacific is expected to grow at the highest rate.
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Key Market Players
The IoT solutions and services market vendors have implemented various types of organic and inorganic growth strategies, such as new product launches, product upgradations, partnerships and agreements, business expansions, and mergers and acquisitions to strengthen their offerings in the market. The major vendors in the global IoT solutions and services market include Siemens (Germany), Microsoft (US), AWS (US), IBM (US), Intel (US), Cisco (US), Google (US), Oracle (US), SAP (Germany), Qualcomm (US), Oxagile (US), Aeris Communications (US), Fujitsu (Japan), PTC (US), Hitachi (Japan), GE Digital (US), ARM (UK), Software AG (Germany), Particle (US), HQ Software (Estonia), Telit (UK), ClearBlade (US), Ayla Networks (US), Hologram (US), Losant (US), Samsara (US), Litmus (US), and Confidex (Finland).
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Scope of the Report
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Report Metrics |
Details |
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Market Size Value in 2022 |
US$ 243.1 billion |
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Revenue Forecast size Value in 2027 |
US$ 575.0 billion |
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Growth Rate |
18.8% CAGR |
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Key Market Growth Drivers |
Availability of high-speed connectivity |
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Key Market Opportunities |
The rapid explosion of IoT and smart city initiatives is enhancing the need |
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Market size available for years |
2016–2027 |
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Base year considered |
2022 |
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Forecast period |
2022–2027 |
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Forecast units |
Value (USD Billion) |
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Segments covered |
IoT Solutions and Services Market with Covid 19 Impact Analysis, by Component (Solutions and Services), Organization Size, Deployment Mode, Focus Area (Smart Manufacturing, Smart Energy and Utilities, and Smart Retail) and Region- Global Forecast to 2027 |
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Regions covered |
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
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Companies covered |
Siemens (Germany), Microsoft (US), AWS (US), IBM (US), Intel (US), Cisco (US), Google (US), Oracle (US), SAP (Germany), Qualcomm (US), Oxagile (US), Aeris Communications (US), Fujitsu (Japan), PTC (US), Hitachi (Japan), GE Digital (US), ARM (UK), Software AG (Germany), Particle (US), HQ Software (Estonia), Telit (UK), ClearBlade (US), Ayla Networks (US), Hologram (US), Losant (US), Samsara (US), Litmus (US), and Confidex (Finland). |
This research report categorizes the IoT Solutions and Services to forecast revenues and analyze trends in each of the following submarkets:
Based on Component, the IoT Solutions and Services has the following segments:
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Solution
- Data Management
- Network Management
- Device Management
- Smart Surveillance
- Application Management
- Services
Based on Deployment Mode, the IoT Solutions and Services has the following segments:
- Cloud
- On-premises
Based on Organization Size, the IoT Solutions and Services has the following segments:
- Small and Medium-Sized Enterprises
- Large Enterprises
Based on Focus Area, the IoT Solutions and Services has the following segment
- Smart Manufacturing
- Smart Transportation/mobility
- Smart Energy and Utilities
- Smart Retail
- Connected Healthcare
- Smart Agriculture
- Smart Buildings
- Other Focus Areas
Based on regions, the IoT Solutions and Services has the following segments:
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North America
- US
- Canada
-
Europe
- UK
- Germany
- France
- Rest of Europe
-
Asia Pacific
- India
- China
- Japan
- Rest of Asia Pacific
-
Middle East & Africa
- KSA
- South Africa
- UAE
- Rest of Middle East & Africa
-
Latin America
- Brazil
- Mexico
- Rest of Latin America
Recent Developments:
- In February 2022, IBM acquired Neudesic, a leading US cloud services consultancy specializing primarily in the Microsoft Azure platform, along with bringing skills in multi-cloud. This acquisition will significantly expand IBM's portfolio of hybrid multi-cloud services and further advance the company's hybrid cloud and AI strategy.
- In November 2021, Nasdaq and AWS announced a multi-year partnership to build the next generation of cloud-enabled infrastructure for the world’s capital markets. In 2022, NASDAQ plans to migrate its North American markets to AWS in a phased approach, starting with Nasdaq MRX, a US options market. Nasdaq will use a new edge computing solution co-designed by Nasdaq and AWS and developed explicitly for market infrastructure.
- In October 2021, Siemens Smart Infrastructure acquired a French startup, Wattsense, a hardware and software company that offers innovative, plug-and-play IoT management systems for small and mid-size buildings. This would expand Siemens’ building products portfolio.
- In August 2021, AWS launched AWS IoT Analytics, a fully-managed service that makes it easy to run sophisticated analytics on massive volumes of IoT data without worrying about the cost and complexity typically required to build an analytics platform.
- In February 2020, Cisco launched a security product called Cyber Vision to help protect clients’ industrial IoT developments. The company’s IoT Control Center platform also supported cellular data and network connectivity. Connectivity and security were increasingly critical across all of Cisco’s projects, as they drive the usability and consumer interest necessary for success.
Frequently Asked Questions (FAQ):
What is a IOT?
The Internet of Things (IoT) describes the network of physical objects as things that are embedded with sensors, software, and other technologies to connect and exchange data with other devices and systems over the internet.
IoT solutions have proven advantageous for almost every industry, facilitating the creation of new business and boosting efficiency. These solutions have helped connect devices, manage tasks, analyze opportunities, and securely transfer information. They provide a safe environment to operate in and help achieve business growth.
Which countries are considered in the APAC region?
The report includes an analysis of the China, Japan, India in the APAC region.
Which are key focus areas adopting IoT solutions and services?
Key focus areas adopting IoT solutions and services include smart manufacturing, smart transportation/mobility, smart energy and utilities, smart retail, connected healthcare, smart agriculture, smart buildings, and other focus areas.
Who are the key vendors in the IoT solutions and services market?
The key vendors in the global IoT solutions and services market include Siemens (Germany), Microsoft (US), AWS (US), IBM (US), Intel (US), Cisco (US), Google (US), Oracle (US), SAP (Germany), Qualcomm (US), Oxagile (US), Aeris Communications (US), Fujitsu (Japan), PTC (US), Hitachi (Japan), GE Digital (US), ARM (UK), Software AG (Germany), Particle (US), HQ Software (Estonia), Telit (UK), ClearBlade (US), Ayla Networks (US), Hologram (US), Losant (US), Samsara (US), Litmus (), and Confidex (Finland). .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 29)
1.1 OBJECTIVES OF STUDY
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED FOR STUDY
1.4 CURRENCY CONSIDERED
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2018–2020
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 34)
2.1 RESEARCH DATA
FIGURE 1 IOT SOLUTIONS AND SERVICES MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
TABLE 2 PRIMARY INTERVIEWS
2.1.2.1 Breakup of primary profiles
2.1.2.2 Key industry insights
2.2 MARKET BREAKUP AND DATA TRIANGULATION
FIGURE 2 DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
FIGURE 3 MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
2.3.1 TOP-DOWN APPROACH
2.3.2 BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 1 (SUPPLY SIDE): REVENUE OF SOLUTIONS/SERVICES OF MARKET
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 2 - BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL SOLUTIONS/SERVICES OF IOT SOLUTIONS AND SERVICES MARKET
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 3, BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE FROM ALL SOFTWARE/ SERVICES OF MARKET
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 4, BOTTOM-UP (DEMAND-SIDE): SHARE OF IOT SOLUTIONS AND SERVICES THROUGH OVERALL IOT SOLUTIONS AND SERVICES SPENDING
2.4 MARKET FORECAST
TABLE 3 FACTOR ANALYSIS
TABLE 4 IMPACT OF COVID-19
2.5 COMPANY EVALUATION MATRIX
FIGURE 8 COMPANY EVALUATION MATRIX: CRITERIA WEIGHTAGE
2.6 STARTUP/SME EVALUATION MATRIX METHODOLOGY
FIGURE 9 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE
2.7 ASSUMPTIONS FOR STUDY
2.8 LIMITATIONS OF STUDY
3 EXECUTIVE SUMMARY (Page No. - 48)
TABLE 5 GLOBAL IOT SOLUTIONS AND SERVICES MARKET SIZE AND GROWTH RATE, 2016–2021 (USD BILLION, Y-O-Y%)
TABLE 6 GLOBAL MARKET SIZE AND GROWTH RATE, 2022–2027 (USD MILLION, Y-O-Y%)
FIGURE 10 SOLUTIONS SEGMENT TO ACCOUNT FOR A LARGER MARKET SIZE IN 2022
FIGURE 11 DATA MANAGEMENT SEGMENT TO ACCOUNT FOR THE LARGEST MARKET SHARE IN 2022
FIGURE 12 PROFESSIONAL SERVICES MEASUREMENT SEGMENT TO HOLD A LARGER MARKET SIZE IN 2022
FIGURE 13 LARGE ENTERPRISES SEGMENT TO ACCOUNT FOR A LARGER MARKET SHARE IN 2022
FIGURE 14 SMART RETAIL SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 2022 TO 2027
FIGURE 15 ASIA PACIFIC TO BE AN EMERGING DOMINANT REGION IN TERMS OF MARKET SIZE IN 2022
4 PREMIUM INSIGHTS (Page No. - 53)
4.1 ATTRACTIVE OPPORTUNITIES IN THE GLOBAL IOT SOLUTIONS AND SERVICES MARKET
FIGURE 16 SMART CITY ADOPTION TO DRIVE THE MARKET
4.2 MARKET: TOP THREE FOCUS AREAS
FIGURE 17 SMART MANUFACTURING SEGMENT TO ACCOUNT FOR THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
4.3 MARKET, BY REGION
FIGURE 18 ASIA PACIFIC TO ACCOUNT FOR THE LARGEST MARKET SHARE IN 2022
4.4 NORTH AMERICA: MARKET, BY SOLUTION AND FOCUS AREAS
FIGURE 19 DATA MANAGEMENT SEGMENT AND SMART TRANSPORTATION/MOBILITY SEGMENTS TO ACCOUNT FOR THE LARGEST SHARES IN 2022
5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 56)
5.1 MARKET OVERVIEW
5.2 MARKET DYNAMICS
FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: IOT SOLUTIONS AND SERVICES MARKET
5.2.1 DRIVERS
5.2.1.1 Proliferation of IoT devices
5.2.1.2 Availability of high-speed connectivity
5.2.1.3 Increase in cloud adoption
5.2.1.4 Increasing use of data processing and analytics
5.2.2 RESTRAINTS
5.2.2.1 Data security and privacy
5.2.2.2 Lack of advancements in communication technology and poor operational efficiency in developing economies
5.2.3 OPPORTUNITIES
5.2.3.1 Increase in smart city initiatives worldwide
5.2.3.2 Increase in connected devices to drive growth of IoT
5.2.3.3 Emerging 5G technology to help IoT adoption globally
5.2.4 CHALLENGES
5.2.4.1 Lack of knowledge among people about IoT and smart cities
5.2.4.2 Lack of technically skilled workforce
5.3 REGULATORY IMPACT
5.4 USE CASES
5.4.1 USE CASE 1: CONTAINER TERMINAL IMPROVED OPERATIONS PERFORMANCE WITH CISCO IOT
5.4.2 USE CASE 2: AWS BAYER INNOVATION LAB PROVIDED SMART PEST MONITORING SOLUTION TO PHARMACEUTICAL COMPANY
5.4.3 USE CASE 3: HUAWEI ELTE-IOT NETWORK UPGRADED MEXICAN POWER GRID
5.4.4 USE CASE 4: TITAN IMPROVED PRODUCTION VISIBILITY AND ACCURACY WITH ORACLE
5.4.5 USE CASE 5: LOW VOLTAGE MOTOR FACTORY USED SIEMENS MINDSPHERE TO IMPROVE MACHINING TIME
5.5 VALUE CHAIN ANALYSIS
FIGURE 21 IOT SOLUTIONS AND SERVICES MARKET: VALUE CHAIN ANALYSIS
5.6 ECOSYSTEM
TABLE 7 MARKET: ECOSYSTEM
5.7 PATENT ANALYSIS
5.7.1 METHODOLOGY
5.7.2 DOCUMENT TYPE
TABLE 8 PATENTS FILED, 2019–2022
5.7.3 INNOVATION AND PATENT APPLICATIONS
FIGURE 22 ANNUAL NUMBER OF PATENTS GRANTED, 2019–2022
5.7.3.1 Top applicants
FIGURE 23 TOP TEN COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS, 2019–2022
5.8 PRICING ANALYSIS
TABLE 9 IOT SOLUTIONS AND SERVICES MARKET: PRICING MODEL
5.9 TECHNOLOGY ANALYSIS
5.9.1 ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING
5.9.2 BIG DATA ANALYTICS
5.9.3 EDGE COMPUTING
5.9.4 5G NETWORK
5.10 TRENDS AND DISRUPTIONS IMPACTING BUYERS
FIGURE 24 TRENDS IMPACTING CUSTOMERS: MARKET
5.11 PORTER’S FIVE FORCES ANALYSIS
TABLE 10 MARKET: PORTER’S FIVE FORCES MODEL
5.11.1 THREAT OF NEW ENTRANTS
5.11.2 THREAT OF SUBSTITUTES
5.11.3 BARGAINING POWER OF BUYERS
5.11.4 BARGAINING POWER OF SUPPLIERS
5.11.5 INTENSITY OF COMPETITIVE RIVALRY
5.12 IOT SOLUTIONS AND SERVICES MARKET: COVID-19 IMPACT
5.13 TARIFF AND REGULATORY LANDSCAPE
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 LATIN AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.2 REGULATORY IMPLICATIONS
5.13.3 INTERNATIONAL ORGANIZATION FOR STANDARDIZATION
5.13.4 ISO/IEC JTC 1
5.13.4.1 ISO/IEC JTC 1/SWG 5
5.13.4.2 ISO/IEC JTC 1/SC 31
5.13.4.3 ISO/IEC JTC 1/ SC 27
5.13.4.4 ISO/IEC JTC 1/WG 7 sensors
5.13.5 INSTITUTE OF ELECTRICAL AND ELECTRONICS ENGINEERS
5.13.6 EUROPEAN COMMITTEE FOR STANDARDIZATION/INTERNATIONAL ORGANIZATION FOR STANDARDIZATION
5.13.7 EUROPEAN COMMITTEE FOR STANDARDIZATION/EUROPEAN COMMITTEE FOR ELECTROTECHNICAL STANDARDIZATION
5.13.8 EUROPEAN TECHNICAL STANDARDS INSTITUTE
5.13.9 TELECOMMUNICATION STANDARDIZATION SECTOR OF INTERNATIONAL TELECOMMUNICATIONS UNION
5.13.10 NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY
5.14 KEY STAKEHOLDERS & BUYING CRITERIA
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
TABLE 16 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE SOLUTIONS (%)
5.14.2 BUYING CRITERIA
TABLE 17 KEY BUYING CRITERIA FOR TOP THREE SOLUTIONS
6 IOT SOLUTIONS AND SERVICES MARKET, BY COMPONENT (Page No. - 80)
6.1 INTRODUCTION
6.1.1 COMPONENT: MARKET DRIVERS
6.1.2 COMPONENT: COVID-19 IMPACT
FIGURE 25 SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 18 MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 19 IOT SOLUTIONS AND SERVICES, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 20 SOLUTIONS: MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 21 SOLUTIONS: MARKET, BY REGION, 2022–2027 (USD BILLION)
6.2 SOLUTIONS
FIGURE 26 SMART SURVEILLANCE SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
6.2.1 SOLUTIONS: MARKET DRIVERS
TABLE 22 SOLUTIONS: MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 23 SOLUTIONS: IOT SOLUTIONS AND SERVICES MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
6.2.2 SMART SURVEILLANCE
6.2.2.1 Smart surveillance: market drivers
TABLE 24 SMART SURVEILLANCE: MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 25 SMART SURVEILLANCE: MARKET, BY REGION, 2022–2027 (USD BILLION)
6.2.3 DATA MANAGEMENT
6.2.3.1 Data management: market drivers
TABLE 26 DATA MANAGEMENT: MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 27 DATA MANAGEMENT: MARKET, BY REGION, 2022–2027 (USD BILLION)
6.2.4 DEVICE MANAGEMENT
6.2.4.1 Device management: market drivers
TABLE 28 DEVICE MANAGEMENT: MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 29 DEVICE MANAGEMENT: MARKET, BY REGION, 2022–2027 (USD BILLION)
6.2.5 APPLICATION MANAGEMENT
6.2.5.1 Application management: IoT solutions and services market drivers
TABLE 30 APPLICATION MANAGEMENT: MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 31 APPLICATION MANAGEMENT: MARKET, BY REGION, 2022–2027 (USD BILLION)
6.2.6 NETWORK MANAGEMENT
6.2.6.1 Network management: market drivers
TABLE 32 NETWORK MANAGEMENT: MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 33 NETWORK MANAGEMENT: MARKET, BY REGION, 2022–2027 (USD BILLION)
6.3 SERVICES
FIGURE 27 PROFESSIONAL SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
6.3.1 SERVICES: MARKET DRIVERS
TABLE 34 SERVICES: MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 35 SERVICES: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
6.3.2 PROFESSIONAL SERVICES
6.3.2.1 Professional services: market drivers
TABLE 36 PROFESSIONAL SERVICES: IOT SOLUTIONS AND SERVICES MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 37 PROFESSIONAL SERVICES: MARKET, BY REGION, 2022–2027 (USD BILLION)
TABLE 38 PROFESSIONAL SERVICES: MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 39 PROFESSIONAL SERVICES: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
6.3.2.2 Consulting
6.3.2.3 Consulting: market drivers
TABLE 40 CONSULTING: MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 41 CONSULTING: MARKET, BY REGION, 2022–2027 (USD BILLION)
6.3.2.4 Deployment & Integration
6.3.2.5 Deployment & Integration: market drivers
TABLE 42 DEPLOYMENT & INTEGRATION: MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 43 DEPLOYMENT & INTEGRATION: MARKET, BY REGION, 2022–2027 (USD BILLION)
6.3.2.6 Support & maintenance
6.3.2.7 Support & maintenance: IoT solutions and services market drivers
TABLE 44 SUPPORT & MAINTENANCE: MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 45 SUPPORT & MAINTENANCE: MARKET, BY REGION, 2022–2027 (USD BILLION)
6.3.3 MANAGED SERVICES
6.3.3.1 Managed services: market drivers
TABLE 46 MANAGED SERVICES: MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 47 MANAGED SERVICES: MARKET, BY REGION, 2022–2027 (USD BILLION)
7 IOT MARKET, BY DEPLOYMENT MODE (Page No. - 99)
7.1 INTRODUCTION
7.1.1 COVID-19 IMPACT ON THE IOT MARKET, BY DEPLOYMENT MODE
FIGURE 28 CLOUD SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
TABLE 48 IOT MARKET, BY DEPLOYMENT MODE, 2016–2021 (USD BILLION)
TABLE 49 IOT MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD BILLION)
7.1.2 DEPLOYMENT MODE: IOT MARKET DRIVERS
7.2 ON-PREMISES
TABLE 50 ON-PREMISES: IOT MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 51 ON-PREMISES: IOT MARKET, BY REGION, 2022–2027 (USD BILLION)
7.3 CLOUD
TABLE 52 CLOUD: IOT MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 53 CLOUD: IOT MARKET, BY REGION, 2022–2027 (USD BILLION)
8 IOT SOLUTIONS AND SERVICES MARKET, BY ORGANIZATION SIZE (Page No. - 104)
8.1 INTRODUCTION
8.1.1 ORGANIZATION SIZE: MARKET DRIVERS
8.1.2 ORGANIZATION SIZE: COVID-19 IMPACT
FIGURE 29 LARGE ENTERPRISES SEGMENT TO ACHIEVE HIGHER CAGR DURING FORECAST PERIOD
TABLE 54 MARKET, BY ORGANIZATION SIZE, 2016–2021 (USD BILLION)
TABLE 55 MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)
8.2 SMALL AND MEDIUM-SIZED ENTERPRISES
8.2.1 SMALL AND MEDIUM-SIZED ENTERPRISES: MARKET DRIVERS
TABLE 56 SMALL AND MEDIUM-SIZED ENTERPRISES: MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 57 SMALL AND MEDIUM-SIZED ENTERPRISES: MARKET, BY REGION, 2022–2027 (USD BILLION)
8.3 LARGE ENTERPRISES
8.3.1 LARGE ENTERPRISES: MARKET DRIVERS
TABLE 58 LARGE ENTERPRISES: MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 59 LARGE ENTERPRISES: MARKET, BY REGION, 2022–2027 (USD BILLION)
9 IOT SOLUTIONS AND SERVICES MARKET, BY FOCUS AREA (Page No. - 109)
9.1 INTRODUCTION
9.1.1 FOCUS AREA: MARKET DRIVERS
9.1.2 FOCUS AREA: COVID-19 IMPACT
FIGURE 30 SMART MANUFACTURING SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 60 MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 61 MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
9.2 SMART MANUFACTURING
TABLE 62 SMART MANUFACTURING: USE CASES
9.2.1 SMART MANUFACTURING: MARKET DRIVERS
TABLE 63 SMART MANUFACTURING: MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 64 SMART MANUFACTURING: MARKET, BY REGION, 2022–2027 (USD BILLION)
9.2.2 ASSET TRACKING & REMOTE MANAGEMENT
9.2.2.1 Asset tracking & remote management: IoT solutions and services market drivers
9.2.3 PRODUCTION OPTIMIZATION
9.2.3.1 Production optimization: market drivers
9.2.4 WORKFORCE MANAGEMENT
9.2.4.1 Workforce management: market drivers
9.3 SMART TRANSPORTATION/MOBILITY
TABLE 65 SMART TRANSPORTATION/MOBILITY: USE CASES
9.3.1 SMART TRANSPORTATION/MOBILITY: MARKET DRIVERS
TABLE 66 SMART TRANSPORTATION/MOBILITY: MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 67 SMART TRANSPORTATION/MOBILITY: MARKET, BY REGION, 2022–2027 (USD BILLION)
9.3.2 TRAFFIC MANAGEMENT
9.3.2.1 Traffic management: market drivers
9.3.3 CARGO MONITORING
9.3.3.1 Cargo monitoring: market drivers
9.3.4 FLEET MANAGEMENT
9.3.4.1 Fleet management: market drivers
9.3.5 TICKETING & TOLL COLLECTION
9.3.5.1 Ticketing & toll collection: IoT solutions and services market drivers
9.4 SMART ENERGY & UTILITIES
TABLE 68 SMART ENERGY & UTILITIES: USE CASES
9.4.1 SMART ENERGY & UTILITIES: MARKET DRIVERS
TABLE 69 SMART ENERGY & UTILITIES: MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 70 SMART ENERGY & UTILITIES: MARKET, BY REGION, 2022–2027 (USD BILLION)
9.4.2 ENERGY EFFICIENCY
9.4.2.1 Energy efficiency: market drivers
9.4.3 ENERGY CONSUMPTION
9.4.3.1 Energy consumption: market drivers
9.4.4 ENERGY TRANSMISSION & DISTRIBUTION
9.4.4.1 Energy transmission & distribution: market drivers
9.5 SMART RETAIL
TABLE 71 SMART RETAIL: USE CASES
9.5.1 SMART RETAIL: MARKET DRIVERS
TABLE 72 SMART RETAIL: MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 73 SMART RETAIL: MARKET, BY REGION, 2022–2027 (USD BILLION)
9.5.2 GEOMARKETING & ADVERTISING
9.5.2.1 Geomarketing & advertising: IoT solutions and services market drivers
9.5.3 SMART PAYMENT & CUSTOMER EXPERIENCE
9.5.3.1 Smart payment & customer experience: market drivers
9.6 CONNECTED HEALTHCARE
TABLE 74 CONNECTED HEALTHCARE: USE CASES
9.6.1 CONNECTED HEALTHCARE: MARKET DRIVERS
TABLE 75 CONNECTED HEALTHCARE: MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 76 CONNECTED HEALTHCARE: MARKET, BY REGION, 2022–2027 (USD BILLION)
9.6.2 TELEMEDICINE
9.6.2.1 Telemedicine: market drivers
9.6.3 CLINICAL OPERATIONS MANAGEMENT
9.6.3.1 Clinical operations management: market drivers
9.6.4 IMAGING & DIAGNOSTICS
9.6.4.1 Imaging & diagnostics: market drivers
9.7 SMART AGRICULTURE
TABLE 77 SMART AGRICULTURE: USE CASES
9.7.1 SMART AGRICULTURE: IOT SOLUTIONS AND SERVICES MARKET DRIVERS
TABLE 78 SMART AGRICULTURE: MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 79 SMART AGRICULTURE: MARKET, BY REGION, 2022–2027 (USD BILLION)
9.7.2 FIELD & CROP MONITORING
9.7.2.1 Field & crop monitoring: market drivers
9.7.3 WEATHER MONITORING
9.7.3.1 Weather monitoring: market drivers
9.8 SMART BUILDINGS
TABLE 80 SMART BUILDINGS: USE CASES
9.8.1 SMART BUILDINGS: MARKET DRIVERS
TABLE 81 SMART BUILDINGS: MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 82 SMART BUILDINGS: MARKET, BY REGION, 2022–2027 (USD BILLION)
9.8.2 IDENTITY & ACCESS MANAGEMENT
9.8.2.1 Identity & access management: market drivers
9.8.3 SMART WATER MANAGEMENT
9.8.3.1 Smart water management: market drivers
9.8.4 AUTOMATION & CONTROL
9.8.4.1 Automation & control: market drivers
9.9 OTHER FOCUS AREAS
TABLE 83 OTHER FOCUS AREAS: MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 84 OTHER FOCUS AREAS: MARKET, BY REGION, 2022–2027 (USD BILLION)
10 IOT SOLUTIONS AND SERVICES MARKET, BY REGION (Page No. - 129)
10.1 INTRODUCTION
FIGURE 31 ASIA PACIFIC TO LEAD THE MARKET BETWEEN 2022 AND 2027
FIGURE 32 INDIA TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD
TABLE 85 MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 86 MARKET, BY REGION, 2022–2027 (USD BILLION)
10.2 NORTH AMERICA
FIGURE 33 NORTH AMERICA: MARKET SNAPSHOT
10.2.1 NORTH AMERICA: MARKET DRIVERS
10.2.2 NORTH AMERICA: IMPACT OF COVID-19 ON THE MARKET
TABLE 87 NORTH AMERICA: IOT SOLUTIONS AND SERVICES MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 88 NORTH AMERICA: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 89 NORTH AMERICA: MARKET, BY SOLUTIONS, 2016–2021 (USD BILLION)
TABLE 90 NORTH AMERICA: MARKET, BY SOLUTION, 2022–2027 (USD BILLION)
TABLE 91 NORTH AMERICA: MARKET, BY SERVICE, 2016–2021 (USD BILLION)
TABLE 92 NORTH AMERICA: MARKET, BY SERVICE, 2022–2027 (USD BILLION)
TABLE 93 NORTH AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2016–2021 (USD BILLION)
TABLE 94 NORTH AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2022–2027 (USD BILLION)
TABLE 95 NORTH AMERICA: MARKET, BY ORGANIZATION SIZE, 2016–2021 (USD BILLION)
TABLE 96 NORTH AMERICA: MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)
TABLE 97 NORTH AMERICA: MARKET, BY DEPLOYMENT MODE, 2016–2021 (USD BILLION)
TABLE 98 NORTH AMERICA: MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD BILLION)
TABLE 99 NORTH AMERICA: MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 100 NORTH AMERICA: MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
TABLE 101 NORTH AMERICA: MARKET, BY COUNTRY, 2016–2021 (USD BILLION)
TABLE 102 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD BILLION)
10.2.3 UNITED STATES
TABLE 103 UNITED STATES: IOT SOLUTIONS AND SERVICES MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 104 UNITED STATES: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 105 UNITED STATES: MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 106 UNITED STATES: MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
10.2.4 CANADA
10.2.4.1 Canada: Regulatory norms
TABLE 107 CANADA: MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 108 CANADA: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 109 CANADA: MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 110 CANADA: MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
10.3 EUROPE
10.3.1 EUROPE: MARKET DRIVERS
10.3.2 EUROPE: IMPACT OF COVID-19 ON THE MARKET
TABLE 111 EUROPE: IOT SOLUTIONS AND SERVICES MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 112 EUROPE: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 113 EUROPE: MARKET, BY SOLUTIONS, 2016–2021 (USD BILLION)
TABLE 114 EUROPE: MARKET, BY SOLUTIONS, 2022–2027 (USD BILLION)
TABLE 115 EUROPE: MARKET, BY SERVICE, 2016–2021 (USD BILLION)
TABLE 116 EUROPE: MARKET, BY SERVICE, 2022–2027 (USD BILLION)
TABLE 117 EUROPE: MARKET, BY PROFESSIONAL SERVICE, 2016–2021 (USD BILLION)
TABLE 118 EUROPE: MARKET, BY PROFESSIONAL SERVICE, 2022–2027 (USD BILLION)
TABLE 119 EUROPE: MARKET, BY ORGANIZATION SIZE, 2016–2021 (USD BILLION)
TABLE 120 EUROPE: MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)
TABLE 121 EUROPE: MARKET, BY DEPLOYMENT MODE, 2016–2021 (USD BILLION)
TABLE 122 EUROPE: MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD BILLION)
TABLE 123 EUROPE: MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 124 EUROPE: MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
TABLE 125 EUROPE: MARKET, BY COUNTRY, 2016–2021 (USD BILLION)
TABLE 126 EUROPE: MARKET, BY COUNTRY, 2022–2027 (USD BILLION)
10.3.3 UNITED KINGDOM
TABLE 127 UNITED KINGDOM: IOT SOLUTIONS AND SERVICES MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 128 UNITED KINGDOM: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 129 UNITED KINGDOM: MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 130 UNITED KINGDOM: MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
10.3.4 GERMANY
TABLE 131 GERMANY: MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 132 GERMANY: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 133 GERMANY: MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 134 GERMANY: MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
10.3.5 REST OF EUROPE
TABLE 135 REST OF EUROPE: IOT SOLUTIONS AND SERVICES MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 136 REST OF EUROPE: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 137 REST OF EUROPE: MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 138 REST OF EUROPE: MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
10.4 ASIA PACIFIC
FIGURE 34 ASIA PACIFIC: MARKET SNAPSHOT
10.4.1 ASIA PACIFIC: MARKET DRIVERS
10.4.2 ASIA PACIFIC: IMPACT OF COVID-19 ON THE MARKET
TABLE 139 ASIA PACIFIC: IOT SOLUTIONS AND SERVICES MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 140 ASIA PACIFIC: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 141 ASIA PACIFIC: MARKET, BY SOLUTIONS, 2016–2021 (USD BILLION)
TABLE 142 ASIA PACIFIC: MARKET, BY SOLUTIONS, 2022–2027 (USD BILLION)
TABLE 143 ASIA PACIFIC: MARKET, BY SERVICE, 2016–2021 (USD BILLION)
TABLE 144 ASIA PACIFIC: MARKET, BY SERVICE, 2022–2027 (USD BILLION)
TABLE 145 ASIA PACIFIC: MARKET, BY PROFESSIONAL SERVICE, 2016–2021 (USD BILLION)
TABLE 146 ASIA PACIFIC: MARKET, BY PROFESSIONAL SERVICE, 2022–2027 (USD BILLION)
TABLE 147 ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2016–2021 (USD BILLION)
TABLE 148 ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)
TABLE 149 ASIA PACIFIC: MARKET, BY DEPLOYMENT MODE, 2016–2021 (USD BILLION)
TABLE 150 ASIA PACIFIC: MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD BILLION)
TABLE 151 ASIA PACIFIC: MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 152 ASIA PACIFIC: MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
TABLE 153 ASIA PACIFIC: MARKET, BY COUNTRY, 2016–2021 (USD BILLION)
TABLE 154 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2027 (USD BILLION)
10.4.3 JAPAN
TABLE 155 JAPAN: IOT SOLUTIONS AND SERVICES MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 156 JAPAN: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 157 JAPAN: MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 158 JAPAN: MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
10.4.4 CHINA
TABLE 159 CHINA: MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 160 CHINA: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 161 CHINA: MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 162 CHINA: MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
10.4.5 INDIA
TABLE 163 INDIA: IOT SOLUTIONS AND SERVICES MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 164 INDIA: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 165 INDIA: MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 166 INDIA: MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
10.4.6 REST OF ASIA PACIFIC
TABLE 167 REST OF ASIA PACIFIC: MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 168 REST OF ASIA PACIFIC: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 169 REST OF ASIA PACIFIC: MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 170 REST OF ASIA PACIFIC: MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
10.5 MIDDLE EAST & AFRICA
10.5.1 MIDDLE EAST & AFRICA: IOT SOLUTIONS AND SERVICES MARKET DRIVERS
10.5.2 MIDDLE EAST & AFRICA: IMPACT OF COVID-19 ON THE MARKET
TABLE 171 MIDDLE EAST & AFRICA: MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 172 MIDDLE EAST & AFRICA: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 173 MIDDLE EAST & AFRICA: MARKET, BY SOLUTIONS, 2016–2021 (USD BILLION)
TABLE 174 MIDDLE EAST & AFRICA: MARKET, BY SOLUTIONS, 2022–2027 (USD BILLION)
TABLE 175 MIDDLE EAST & AFRICA: MARKET, BY SERVICE, 2016–2021 (USD BILLION)
TABLE 176 MIDDLE EAST & AFRICA: MARKET, BY SERVICE, 2022–2027 (USD BILLION)
TABLE 177 MIDDLE EAST & AFRICA: MARKET, BY PROFESSIONAL SERVICE, 2016–2021 (USD BILLION)
TABLE 178 MIDDLE EAST & AFRICA: MARKET, BY PROFESSIONAL SERVICE, 2022–2027 (USD BILLION)
TABLE 179 MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2016–2021 (USD BILLION)
TABLE 180 MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)
TABLE 181 MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT MODE, 2016–2021 (USD BILLION)
TABLE 182 MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD BILLION)
TABLE 183 MIDDLE EAST & AFRICA: MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 184 MIDDLE EAST & AFRICA: MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
TABLE 185 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2016–2021 (USD BILLION)
TABLE 186 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY, 2022–2027 (USD BILLION)
10.5.3 KINGDOM OF SAUDI ARABIA
TABLE 187 KINGDOM OF SAUDI ARABIA: IOT SOLUTIONS AND SERVICES MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 188 KINGDOM OF SAUDI ARABIA: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 189 KINGDOM OF SAUDI ARABIA: MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 190 KINGDOM OF SAUDI ARABIA: MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
10.5.4 UNITED ARAB EMIRATES
TABLE 191 UNITED ARAB EMIRATES: MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 192 UNITED ARAB EMIRATES: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 193 UNITED ARAB EMIRATES: MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 194 UNITED ARAB EMIRATES: MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
10.5.5 REST OF MIDDLE EAST & AFRICA
TABLE 195 REST OF MIDDLE EAST & AFRICA: IOT SOLUTIONS AND SERVICES MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 196 REST OF MIDDLE EAST & AFRICA: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 197 REST OF MIDDLE EAST & AFRICA: MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 198 REST OF MIDDLE EAST & AFRICA: MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
10.6 LATIN AMERICA
10.6.1 LATIN AMERICA: MARKET DRIVERS
10.6.2 LATIN AMERICA: IMPACT OF COVID-19 ON THE MARKET
TABLE 199 LATIN AMERICA: IOT SOLUTIONS AND SERVICES MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 200 LATIN AMERICA: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 201 LATIN AMERICA: MARKET, BY SOLUTIONS, 2016–2021 (USD BILLION)
TABLE 202 LATIN AMERICA: MARKET, BY SOLUTIONS, 2022–2027 (USD BILLION)
TABLE 203 LATIN AMERICA: MARKET, BY SERVICE, 2016–2021 (USD BILLION)
TABLE 204 LATIN AMERICA: MARKET, BY SERVICE, 2022–2027 (USD BILLION)
TABLE 205 LATIN AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2016–2021 (USD BILLION)
TABLE 206 LATIN AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2022–2027 (USD BILLION)
TABLE 207 LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2016–2021 (USD BILLION)
TABLE 208 LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)
TABLE 209 LATIN AMERICA: MARKET, BY DEPLOYMENT MODE, 2016–2021 (USD BILLION)
TABLE 210 LATIN AMERICA: MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD BILLION)
TABLE 211 LATIN AMERICA: MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 212 LATIN AMERICA: MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
TABLE 213 LATIN AMERICA: MARKET, BY COUNTRY, 2016–2021 (USD BILLION)
TABLE 214 LATIN AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD BILLION)
10.6.3 BRAZIL
TABLE 215 BRAZIL: IOT SOLUTIONS AND SERVICES MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 216 BRAZIL: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 217 BRAZIL: MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 218 BRAZIL: MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
10.6.4 MEXICO
TABLE 219 MEXICO: MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 220 MEXICO: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 221 MEXICO: MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 222 MEXICO: MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
10.6.5 REST OF LATIN AMERICA
TABLE 223 REST OF LATIN AMERICA: IOT SOLUTIONS AND SERVICES MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 224 REST OF LATIN AMERICA: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 225 REST OF LATIN AMERICA: MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 226 REST OF LATIN AMERICA: MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
11 COMPETITIVE LANDSCAPE (Page No. - 184)
11.1 OVERVIEW
11.2 KEY PLAYER STRATEGIES
FIGURE 35 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN IOT SOLUTIONS AND SERVICES MARKET
11.3 REVENUE ANALYSIS
FIGURE 36 REVENUE ANALYSIS FOR KEY COMPANIES IN PAST FIVE YEARS
11.4 MARKET SHARE ANALYSIS
FIGURE 37 MARKET SHARE ANALYSIS
TABLE 227 MARKET: DEGREE OF COMPETITION
11.5 COMPANY EVALUATION QUADRANT
11.5.1 STARS
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE PLAYERS
11.5.4 PARTICIPANTS
FIGURE 38 KEY IOT SOLUTIONS AND SERVICES MARKET PLAYERS, COMPANY EVALUATION MATRIX, 2021
11.6 STARTUP/SME EVALUATION QUADRANT
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANIES
11.6.3 DYNAMIC COMPANIES
11.6.4 STARTING BLOCKS
FIGURE 39 STARTUP/SMES: MARKET EVALUATION MATRIX, 2022
11.7 COMPETITIVE BENCHMARKING
TABLE 228 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 229 MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]
11.8 COMPETITIVE SCENARIO
11.8.1 PRODUCT LAUNCHES
TABLE 230 PRODUCT LAUNCHES, 2019–2021
11.8.2 DEALS
TABLE 231 DEALS, 2019–2022
12 COMPANY PROFILES (Page No. - 200)
12.1 MAJOR PLAYERS
(Business Overview, Solutions, Products & Services, Recent Developments, MnM View)*
12.1.1 SIEMENS
TABLE 232 SIEMENS: BUSINESS OVERVIEW
FIGURE 40 SIEMENS: FINANCIAL OVERVIEW
TABLE 233 SIEMENS: PRODUCTS OFFERED
TABLE 234 SIEMENS: PRODUCT LAUNCHES
TABLE 235 SIEMENS: DEALS
12.1.2 MICROSOFT
TABLE 236 MICROSOFT: BUSINESS OVERVIEW
FIGURE 41 MICROSOFT: FINANCIAL OVERVIEW
TABLE 237 MICROSOFT: PRODUCTS OFFERED
TABLE 238 MICROSOFT: PRODUCT LAUNCHES
TABLE 239 MICROSOFT: DEALS
12.1.3 AWS
TABLE 240 AWS: BUSINESS OVERVIEW
FIGURE 42 AMAZON: FINANCIAL OVERVIEW
TABLE 241 AWS: PRODUCTS OFFERED
TABLE 242 AWS: PRODUCT LAUNCHES
TABLE 243 AWS: DEALS
12.1.4 ORACLE
TABLE 244 ORACLE: BUSINESS OVERVIEW
FIGURE 43 ORACLE: FINANCIAL OVERVIEW
TABLE 245 ORACLE: PRODUCTS OFFERED
TABLE 246 ORACLE: DEALS
12.1.5 CISCO
TABLE 247 CISCO: BUSINESS OVERVIEW
FIGURE 44 CISCO: FINANCIAL OVERVIEW
TABLE 248 CISCO: PRODUCTS OFFERED
TABLE 249 CISCO: PRODUCT LAUNCHES
TABLE 250 CISCO: DEALS
12.1.6 QUALCOMM
TABLE 251 QUALCOMM: BUSINESS OVERVIEW
FIGURE 45 QUALCOMM: FINANCIAL OVERVIEW
TABLE 252 QUALCOMM: SOLUTIONS OFFERED
TABLE 253 QUALCOMM: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 254 QUALCOMM: DEALS
12.1.7 SAP
TABLE 255 SAP: BUSINESS OVERVIEW
FIGURE 46 SAP: FINANCIAL OVERVIEW
TABLE 256 SAP: SOLUTIONS OFFERED
TABLE 257 SAP: PRODUCT LAUNCHES
TABLE 258 SAP: DEALS
12.1.8 IBM
TABLE 259 IBM: BUSINESS OVERVIEW
FIGURE 47 IBM: FINANCIAL OVERVIEW
TABLE 260 IBM: PRODUCTS OFFERED
TABLE 261 IBM: PRODUCT LAUNCHES
TABLE 262 IBM: DEALS
12.1.9 GOOGLE
TABLE 263 GOOGLE: BUSINESS OVERVIEW
FIGURE 48 GOOGLE: FINANCIAL OVERVIEW
TABLE 264 GOOGLE: PRODUCTS OFFERED
TABLE 265 GOOGLE: PRODUCT LAUNCHES
TABLE 266 GOOGLE: DEALS
12.1.10 INTEL
TABLE 267 INTEL: BUSINESS OVERVIEW
FIGURE 49 INTEL: FINANCIAL OVERVIEW
TABLE 268 INTEL: PRODUCTS OFFERED
TABLE 269 INTEL: DEALS
12.1.11 OXAGILE
TABLE 270 OXAGILE: BUSINESS OVERVIEW
TABLE 271 OXAGILE: PRODUCTS OFFERED
TABLE 272 OXAGILE: SERVICES OFFERED
TABLE 273 OXAGILE: DEALS
12.1.12 FUJITSU
TABLE 274 FUJITSU: BUSINESS OVERVIEW
TABLE 275 FUJITSU: PRODUCTS OFFERED
TABLE 276 FUJITSU: SERVICES OFFERED
TABLE 277 FUJITSU: DEALS
12.1.13 AERIS COMMUNICATIONS
TABLE 278 AERIS COMMUNICATIONS: BUSINESS OVERVIEW
TABLE 279 AERIS COMMUNICATIONS: PRODUCTS OFFERED
TABLE 280 AERIS COMMUNICATIONS: SERVICES OFFERED
TABLE 281 AERIS COMMUNICATIONS: DEALS
12.1.14 HITACHI
12.1.15 GE DIGITAL
12.1.16 PTC
12.1.17 ARM
12.1.18 SOFTWARE AG
*Details on Business Overview, Solutions, Products & Services, Recent Developments, MnM View might not be captured in case of unlisted companies.
12.2 STARTUP/SMES PLAYERS
12.2.1 PARTICLE
12.2.2 HQSOFTWARE
12.2.3 TELIT
12.2.4 CLEARBLADE
12.2.5 AYLA NETWORKS
12.2.6 HOLOGRAM
12.2.7 LOSANT
12.2.8 SAMSARA
12.2.9 LITMUS AUTOMATION
12.2.10 CONFIDEX
13 ADJACENT MARKETS (Page No. - 255)
13.1 INTRODUCTION
TABLE 282 ADJACENT MARKETS AND FORECASTS
13.2 LIMITATIONS
13.3 IOT ECOSYSTEM AND ADJACENT MARKETS
13.4 IOT IN SMART CITIES MARKET
13.4.1 ADJACENT MARKET: IOT IN SMART CITIES MARKET, BY APPLICATION
TABLE 283 IOT IN SMART CITIES MARKET, BY APPLICATION, 2021–2026 (USD BILLION)
TABLE 284 SMART TRANSPORTATION: IOT IN SMART CITIES MARKET, BY REGION, 2021–2026 (USD BILLION)
TABLE 285 SMART BUILDING: IOT IN SMART CITIES MARKET, BY REGION, 2021–2026 (USD BILLION)
TABLE 286 SMART UTILITIES: IOT IN SMART CITIES MARKET, BY REGION, 2021–2026 (USD BILLION)
13.4.2 ADJACENT MARKET: IOT IN SMART CITIES MARKET, BY REGION
TABLE 287 NORTH AMERICA: IOT IN SMART CITIES MARKET, BY APPLICATION, 2021–2026 (USD BILLION)
TABLE 288 EUROPE: IOT IN SMART CITIES MARKET, BY APPLICATION, 2021–2026 (USD BILLION)
TABLE 289 ASIA PACIFIC: IOT IN SMART CITIES MARKET, BY APPLICATION, 2021–2026 (USD BILLION)
TABLE 290 MIDDLE EAST & AFRICA: IOT IN SMART CITIES MARKET, BY APPLICATION, 2021–2026 (USD BILLION)
TABLE 291 LATIN AMERICA: IOT IN SMART CITIES MARKET, BY APPLICATION, 2021–2026 (USD BILLION)
13.4.3 ADJACENT MARKET: IOT IN SMART CITIES MARKET, BY SOLUTION
TABLE 292 IOT IN SMART CITIES MARKET, BY SOLUTION, 2021–2026 (USD BILLION)
TABLE 293 REMOTE MONITORING: IOT IN SMART CITIES MARKET, BY REGION, 2021–2026 (USD BILLION)
TABLE 294 REAL-TIME LOCATION SYSTEM: IOT IN SMART CITIES MARKET, BY REGION, 2021–2026 (USD BILLION)
TABLE 295 NETWORK MANAGEMENT: IOT IN SMART CITIES MARKET, BY REGION, 2021–2026 (USD BILLION)
TABLE 296 SECURITY: IOT IN SMART CITIES MARKET, BY REGION, 2021–2026 (USD BILLION)
TABLE 297 DATA MANAGEMENT: IOT IN SMART CITIES MARKET, BY REGION, 2021–2026 (USD BILLION)
TABLE 298 REPORTING AND ANALYTICS: IOT IN SMART CITIES MARKET, BY REGION, 2021–2026 (USD BILLION)
14 APPENDIX (Page No. - 262)
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 AVAILABLE CUSTOMIZATIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
The research study for the IoT Solutions and Services report involved the use of extensive secondary sources, directories, as well as several journals and magazines, to identify and collect information that is useful for this technical and market-oriented study. During the production cycle of the report, in-depth interviews were conducted with various primary respondents, including key opinion leaders, subject-matter experts, high-level executives of various companies offering IoT Solutions and Services and services, and industry consultants, to obtain and verify critical qualitative and quantitative information, as well as assess the market prospects and industry trends.
Secondary Research
In the secondary research process, various secondary sources were referred to, for identifying and collecting information related to the study. Secondary sources included annual reports, press releases, and investor presentations of IoT Solutions and Services vendors; white papers, certified publications, and articles from recognized industry associations; statistics bureaus; and government publishing sources. The secondary research was carried out to obtain key information about the industry’s value and supply chain, the total pool of key players, market classifications, and segmentations from both market and technology-oriented perspectives.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides of the IoT Solutions and Services ecosystem were interviewed to obtain qualitative and quantitative information for the study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives of various vendors providing IoT Solutions and Services, associated service providers, and system integrators operating in the targeted regions. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
Given below is the breakup of the primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Top-down and bottom-up approaches were used to estimate and validate the size of the global IoT Solutions and Services and estimate the size of various other dependent subsegments. The research methodology used to estimate the market size included the following details: the key players in the market were identified through secondary research and their revenue contributions in the respective regions were determined through primary and secondary research. The entire procedure included the study of the annual and financial reports of top market players and extensive interviews for key insights from industry leaders, such as CEOs, VPs, directors, and marketing executives. All percentage splits and breakups were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The data was consolidated and added with detailed inputs and analysis from MarketsandMarkets.
Data Triangulation
After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To define, describe, and forecast the IoT solutions and services market by component, deployment mode, organization size, focus area, and region from 2022 to 2027
- To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market
- To analyze the market with respect to individual growth trends, prospects, and contributions to the market
- To forecast the market size of five main regions, namely North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the IoT solutions and services market
- To profile the key market players and provide a comparative analysis based on their business overviews, regional presence, product offerings, business strategies, and key financials, and illustrate the competitive landscape of the market
- To track and analyze competitive developments, such as acquisitions; expansions; new product launches and product enhancements; agreements, collaborations, and partnerships; and R&D activities in the market
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
- Product Matrix, which gives a detailed comparison of the product portfolios of each company
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in IoT Solutions and Services Market