M2M market analyzes all types of connectivity technologies that enables communication between multiple machines, through wired or wireless connections.
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The industrial IoT market is expected to grow from USD 194.4 billion in 2024 to USD 286.3 billion by 2029, at a compound annual growth rate (CAGR) of 8.1% during the forecast period.The key players ABB (Switzerland), General Electric (US), Emerson Electric Co. (US), Intel Corporation (US), Cisco Systems, Inc. (US), SAP SE (Germany), Honeywell International Inc. (US), Siemens (Germany), Huawei Technologies Co., Ltd. (China), Rockwell Automation (US), Arm Limited (UK), PTC (US), Dassault Systèmes (France), IBM (US), Robert Bosch GmbH (Germany), NEC Corporation (Japan), ANSYS, Inc. (US), Worldsensing (Spain), Arundo (Norway), Software AG (Germany).
The Smart Irrigation Market Size is expected to grow from USD 1.8 billion in 2024 to USD 3.0 billion by 2029, at a compound annual growth rate (CAGR) of 11.2% during the forecast period.The key players Toro Company. (US), Rain Bird Corporation. (US), Netafim (Israel), HUNTER INDUSTRIES INC. (US), HydroPoint (US), Manna Irrigation Ltd. (Israel), Stevens Water Monitoring Systems Inc. (US), Galcon (Israel), Rachio inc. (US), Weathermatic (US), Irrigreen (US), Banyan Water, Inc. (US), Delta-T Devices Ltd. (UK), CALSENSE (US), AquaSpy (US), Soil Scout oy. (Finland), Acclima, Inc. (US), RainMachine – Green Electronics LLC (US), WiseConn Engineering (US), VALMOUNT INDUSTRIES, INC. (US), GroGuru (US), Orbit (US), HORTAU (US), Mottech. (US), and Cyber-Rain (US).
The IoT Node and Gateway market is expected to grow from USD 424.6 billion in 2024 to USD 604.7 billion by 2029, at a compound annual growth rate (CAGR) of 7.3% during the forecast period.The key players Intel Corporation (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (Netherlands), Cisco Systems, Inc. (US), Hewlett Packard Enterprise Development LP (US), TE Connectivity Ltd (Switzerland), Advantech Co., Ltd. (Taiwan), Dell Technologies (US).
The IoT technology market is expected to grow from USD 945.6 billion in 2024 to USD 1,377.8 billion by 2029, at a compound annual growth rate (CAGR) of 7.8% during the forecast period.The key players Intel Corporation (US), Qualcomm (US), Texas Instruments Incorporated (US), Cisco Systems, Inc. (US), Hewlett Packard Enterprise (US), IBM (US), STMicroelectronics (Switzerland), Microsoft, PTC Inc. (US), and Amazon Web Services (US).
The wearable AI market is expected to grow from USD 62.7 billion in 2024 to USD 138.5 billion by 2029, at a compound annual growth rate (CAGR) of 17.2% during the forecast period.The key players Apple Inc. (US), SAMSUNG (South Korea), Alphabet Inc. (US), Microsoft (US), Meta (US), Lenovo (US), Garmin Ltd. (US), Amazon.com, Inc. (US), Xiaomi (China), and OPPO (China).
The machine-to-machine (M2M) connections market is expected to grow from USD 2.9 billion units in 2024 to USD 5.3 billion units by 2029, at a compound annual growth rate (CAGR) of 12.7% during the forecast period.The key players AT&T Intellectual Property (US), Cisco Systems, Inc. (US), Huawei Technologies (China), NXP Semiconductors N.V. (Netherlands), Texas Instruments Incorporated (US), Intel Corporation (US), China Mobile International Limited (China), Thales (France), Vodafone Group Plc (UK), Murata Manufacturing Co., Ltd. (Japan), U-Blox Holding AG (Switzerland).
The global speech and voice recognition market is expected to grow from USD 21.70 billion in 2025 to USD 73.49 billion by 2030, at a compound annual growth rate (CAGR) of 27.6% during the forecast period.The key players Apple(US), Alphabet Inc (US), IBM(US), Microsoft (US), Baidu (China), IFLYTEK (China), SPEECH ENABLED SOFTWARE TECHNOLOGIES (SESTEK) (Istanbul), SPEAK2WEB (US), VERINT (US), SPEECHMATICS (UK), DEEPGRAM (US), VOICEITT (US), VOICEGAIN (US), SENSORY INC. (US), ASSEMBLYAI (US), VERBIT (US).
The cellular IoT market is projected to reach USD 15.4 billion by 2027, it is expected to grow at a CAGR of 25.7% during the forecasting period. The key players operating in the cellular IoT market include Quectel (China), Thales Group (France), Fibocom Wireless (China), Telit Communications (UK), and u-blox Holding (Switzerland)
The global agriculture IoT market is expected to grow from USD 11.4 billion in 2021 to USD 18.1 billion by 2026, at a compound annual growth rate (CAGR) of 9.8% during the forecast period. The key players operating in the Agriculture IoT Market are Deere & Company (US), Trimble Inc. (US), Raven Industries (US), DeLaval (subsidiary of Tetra Laval International, S.A.) (Sweden), AKVA group (Norway), Topcon Positioning Systems (US), AgJunction (US), Allflex (Subsidiary of Merck & Co., Inc.), Ponsse (Finland), Komatsu Forest AB (Sweden), InnovaSea Systems (US), Steinsvik (ScaleAQ) (Norway), TeeJet Technologies (US), DICKEY-john (US), AG Leader Technology (US), DJI (US), AgEagle (US), Afimilk (Israel), PrecisionHawk (US), Hexagon Agriculture (Brazil), Farmers Edge (Canada), Tigercat (US), The Climate Corporation (US), Descartes Labs (US), CropX (Israel), Eruvaka Technologies (India), ec2ce (Spain), Gamaya (Switzerland), Akuakare (Turkey), and In-Situ (US).
The Narrowband IoT (NB-IoT) Chipset Market is expected to grow from USD 461 million by 2020 to USD 2,484 million by 2025, at a CAGR of 40.0% during the forecast period. The major companies profiled in this report are Qualcomm Incorporated (US), Huawei Technologies Co. Ltd. (China), Samsung Group (South Korea), Intel Corporation (US), u-blox Holding AG (Switzerland), Nordic Semiconductor (Norway), , MediaTek Inc. (Taiwan), Sanechips Co. Ltd. (China), Sercomm Corporation (Taiwan), Sequans Communications S.A.(France), Xiamen Cheerzing IOT Technology Co. Ltd. (China), , Telit Communications PLC (UK), and Quectel Wireless Solutions Co., Ltd (China), among others.
The IoT Chip Market is expected to grow from USD 392.0 billion in 2020 to USD 525.4 billion by 2025, at a CAGR of 6.0% during the forecast period. Key players in the IoT chip market are Intel Corporation (US), Texas Instruments Incorporated (US), Qualcomm Incorporated (US), NXP Semiconductors N.V. (Netherlands), MediaTek Inc. (Taiwan), Marvell Technology Group Ltd. (Bermuda), Microchip Technology Inc. (US), Cypress Semiconductor Corporation (US), Renesas Electronics Corporation (Japan), Huawei Technologies Co., Ltd. (China), NVIDIA Corporation (US), Samsung Electronics (South Korea), Advanced Micro Devices (US), STMicroelectronics N.V. (Switzerland), TE Connectivity Ltd (Switzerland), Nordic Semiconductor (Norway), GainSpan (US), Expressif Systems (China), Dialog Semiconductor (UK), and Silicon Labs (US). These players are increasingly undertaking product launches and developments and acquisitions to develop and introduce new technologies and products in the market.
The Smart Retail Market is expected to grow from USD 21.6 billion in 2020 to USD 62.5 billion by 2025, at a CAGR of 23.6% during the forecast period. IBM (New York, US), Intel Corporation (California, US), Cisco Systems, Inc. (California, US), NXP Semiconductors N.V. (The Netherlands), and Microsoft (Washington, US) are the key players in the smart retail market. These players are increasingly undertaking strategies such as product launches & product developments, expansions, joint ventures, partnerships, collaborations, agreements, and acquisitions to increase their market share.
The Embedded System Market is expected to grow from USD 86.5 billion in 2020 to USD 116.2 billion by 2025, at a CAGR of 6.1% during the forecast period. Intel (US), Renesas (Japan), STMicroelectronics (Switzerland), NXP Semiconductors (Netherlands), Texas Instruments (US), Microchip (US), Cypress Semiconductors (US), Qualcomm (US), Analog Devices (US), and Infineon Technologies (Germany) are the key players operating in the embedded system market. These players are increasingly undertaking strategies such as product launches, expansions, agreements, joint ventures, partnerships, collaborations, mergers, and acquisitions to increase their market share.
The Body Area Network Market is expected to grow from USD 9.1 billion in 2019 to USD 15.8 billion by 2024, at a CAGR of 11.7% during the forecast period. Apple Inc. (US), Fitbit (US), Samsung Electronics Co., Ltd. (South Korea), Garmin Ltd. (US), Fossil Group, Inc. (US), Xiaomi Corporation (China), Huawei Technologies Co., Ltd. (China), Casio Computer Co., Ltd. (Japan), LG Electronics Inc. (South Korea), Medtronic plc (US), Bragi (Germany), Polar Electro Oy (Finland), Mobvoi Information Technology Company Limited (China), GOQii (US), Suunto Oy (Finland), Withings (France), AsusTek Computer Inc. (Taiwan), Abbott Laboratories (US), Huami Corporation (China), and Matrix Industries (US) are among a few major players in the body area network market.
The precision forestry market was worth USD 3.9 billion in 2019 and is projected to reach USD 6.1 billion by 2024, at a CAGR of 9.0% during 2019–2024. The major drivers for the precision forestry market are increasing mechanization of forestry operation, growing demand for forestry products, decreasing cost of advanced monitoring & surveillance technologies, and increasing government support to adopt modern forestry techniques to curb illegal logging. The report profiles key players including Deere & Company (US), Trimble (US), Raven Industries (US), Tigercat (Canada), Ponsse (Finland), Komatsu Forest AB (Sweden), Caterpillar (US), Treemetrics (Ireland), Rottne Industri AB (Sweden), Ecolog (Sweden), Sampo Rosenlew (Finland), Quantum Spatial (US), Hitachi Construction Machinery (Japan), Doosan Infracore (South Korea), Blount International (US), Integrated Forest Management (US), Silvere (Finland), DroneSeed (US), Insight Robotics (Hong Kong), Treevia Forest Technologies (Brazil), and Aerobotics (South Africa).
The consumer IoT market is estimated to reach USD 104.4 billion by 2023 from USD 46.8 billion by 2018, at a CAGR of 17.39% during 2018–2023. A few of the major driving factors for the growth of this market include the growing number of internet users and adoption of smart devices, increasing awareness about fitness and rise in disposable incomes in developing economies, and consumer preference for increased convenience and better lifestyle.
The deep learning market is estimated to be valued at USD 3.18 Billion in 2018 and is expected to reach USD 18.16 Billion by 2023, at a CAGR of 41.7% between 2018 and 2023. Major drivers for this market are improving computing power and declining hardware cost; the increasing adoption of cloud-based technology; usage in big data analytics; and growing AI adoption in customer-centric services. Companies that are profiled in this report are NVIDIA (US), Intel (US), Xilinx (US), Samsung Electronics (South Korea), Micron Technology (US), Qualcomm (US), IBM (US), Google (US), Microsoft (US), and AWS (US). Some of the key start-ups included in this report are Graphcore (UK), Mythic (US), Adapteva (US), and Koniku (US).
The smart worker market is expected to be valued at USD 1.87 Billion in 2018 and is likely to reach USD 4.40 Billion by 2023, at a CAGR of 18.69% between 2018 and 2023. The growing adoption of industrial IoT and the increasing focus of manufacturing companies on energy efficiency, resource optimization, and reduction in production and operating costs are driving the growth of the market for smart worker solutions. Further, the growing stringency in occupational health and safety regulations across the world is also contributing to the market growth.Some key players in the smart worker market are Honeywell (US), DAQRI (US), Fujitsu (Japan), Accenture (Republic of Ireland), Vandrico (Canada), Intellinium (France), Avnet (US), 3M (US), Oracle (US), Zebra Technologies (US), Parsable (US), Rice Electronics (US), Softweb Solutions (US), Recon Instruments (Canada), Wearable Technologies Limited (UK), Corvex Connected Safety (US), ProGlove (Germany), Smart Track (Italy), hIOTron (India), and Solution Analysts (India).
The smart beacon market is expected to be valued at USD 1,363.6 million in 2017 and is likely to reach USD 19,805.5 million by 2023, at a CAGR of 56.2% between 2017 and 2023. The growing adoption of smartphones and the increasing focus on business intelligence to gain competitive advantage are driving the growth of the market. The report profiles the key players in the smart beacon market. The competitive landscape of the market presents an interesting picture of the strategies adopted by these players to grow in the market. Some of the key players in this market are Estimote (US), Aruba (A Hewlett Packard Enterprise Company) (US), Kontakt.io (Poland), Cisco (US), Bluvision (An HID Global Company) (US), Onyx Beacon (Romania), Leantegra (US), Gimbal (US), Accent Systems (Spain), Swirl Networks (US), Sensoro (US), JAALEE Technology (China), Beaconinside (Germany), Blesh (US), and BlueUp (Italy).
The smart offices market was valued at USD 18.82 Billion in 2016 and is expected to reach USD 46.11 Billion by 2023, at a CAGR of 12.94% during the forecast period. The base year considered for the study is 2016, and the forecast for the market size is provided for the period between 2017 and 2023. The major players operating in the smart office market include ABB, Cisco Systems, Crestron Electronics, Honeywell, Johnson Controls, Philips Lighting, Lutron Electronics, Schneider Electric, Siemens, and United Technologies Corporation.
According to MarketsandMarkets, the wireless sensor networks (WSN) market was valued at USD 29.06 Billion in 2016 and is expected to reach USD 93.86 Billion by 2023, at a CAGR of 18.55% between 2017 and 2023. The companies covered in this report are Intel Corporation (US), ABB Ltd. (Switzerland), Texas Instruments Inc. (US), Huawei Investment & Holding Co., Ltd. (China), Cisco Systems Inc. (US), STMicroelectronics N.V. (Netherlands), TE Connectivity Ltd. (Switzerland), NXP Semiconductor N.V. (Netherlands), Dell Inc. (US), Hewlett Packard Enterprise Company (US), Robert Bosch GmbH (Germany), Advantech Co., Ltd. (Taiwan), Honeywell International Inc. (US), Broadcom Limited (US), Infineon Technologies AG (Germany), Emerson Electric Company (US), Analog Devices Inc. (US), Eurotech S.p.A (Italy), Invensense Inc. (US), and Sensirion AG (Switzerland). Some of the important start-ups in the wireless sensor network market such as SmartThings Inc. (US), Episensor Ltd. (Ireland), Notion (US), Helium Systems Inc. (US), and Beep Inc. (US) have also been included in the report.
According to the forecast provided by MarketsandMarkets, the overall connected car market registered a shipment of 5.1 Million units in 2015 and is expected to reach 37.7 Million units by 2022, at a CAGR of 35.54% between 2016 and 2022. The growth of this market is driven by government mandates on telematics applications, implementations of intelligent transportation system (ITS), rapid urbanization, and increasing demand for usage-based insurance (UBI).
The global IoT insurance market is estimated to grow at a CAGR of 65.89% to reach USD 42.76 Billion by 2022. The growing adoption of Internet of Things (IoT) products in developed and developing economies, growing demand for cloud platform and other value-added services in the insurance industry are the major drivers for this market.
The smart connected assets and operations market was valued at USD 103.82 Billion in 2015 and is expected to reach USD 215.53 Billion by 2022, at a CAGR of 10.26% during the forecast period. Many countries are focusing on new innovations and expansions being carried out through the smart cities project, which would help to increase the demand for smart connected assets and operations system in the coming years.
The IoT monetization market was valued at USD 23.09 Billion in 2015 and is expected to reach USD 443.27 Billion by 2022, at a CAGR of 52.98% during the forecast period. The increasing Internet connectivity, increased use of smartphones and other connected devices, and growing adoption of cloud platforms are the major drivers for the IoT monetization market.
The Internet of Robotic Things market (IoRT) is expected to be valued at USD 21.44 billion by 2022, growing at a CAGR of 29.7% between 2016 and 2022. The growth of this market is majorly driven by the adoption of IoRT by e-commerce industry, increasing application areas owing to integration of robots with various technologies, short payback period and ROI.
The IoT communication protocol market is expected to grow from USD 11.44 Billion in 2015 to reach USD 15.80 Billion by 2022, at a CAGR of 4.7% during the forecast period. The base year considered for the study is 2015 and the forecast period is between 2016 and 2022.
The wearable fitness technology market is expected to reach USD 12.44 Billion by 2022, at a CAGR of 13.7% between 2016 and 2022. This market is primarily driven by consumer preference for sophisticated gadgets, increasing popularity of wearable fitness and medical devices, increasing awareness about fitness, and rise in disposable incomes in developing economies.
Machine-to-Machine (M2M) refers to technologies which allow wired and wireless systems to connect to devices of the same type and enable communication within the same. The migration to 3G and 4G networks worldwide and standardization of IPv6 are some of the key reasons for the growth of this technology. The market size of M2M Communications in the U.S. is expected to reach $7,262.76 Million by 2020, at a CAGR of 6.79% between 2015 and 2020.
Wearable computers or products are small electronic devices worn by users which enable mobile computing and wireless networking. Wearable technology is poised to revolutionize the way humans interact with the world around them. Wearable products comprise smart devices equipped with microchips, sensors, and wireless communication capabilities. These devices collect data, track activities, and provide customized experiences to user’s needs and desires. the total wearable computing market is expected to reach up to $34.61 Billion by 2020, growing at a CAGR of 20.7% between 2015 and 2020.
IOT is increasingly demanding more evolved devices from the semiconductor industry, with long lasting battery technologies, low power consumption, and the ability to accurately process and store data at lower costs. The report segments IoT in transportation into six different segments such as component, products & software services, verticals, solutions, application, and geography. The IoT in transportation market is expected to reach $143.93 billion by 2020 at an estimated CAGR of 8.95% from 2014 to 2020. Africa is the leading region in the overall IoT in transportation market, followed by Asia-Pacific (APAC) and the Middle East.
Smart grid intends to modernize the power grid by using the latest technology that supports the utility to reduce the transmission and distribution loss. This can be achieved with the help of advanced metering infrastructure, software’s such as SCADA, DRM, DMS, MDMS, etc., and communication networks such as Wi-Fi, ZigBee, Z-Wave, etc.