IoT Market is anticipated to grow at a CAGR of 25.2% during the forecast period. The increasing development of wireless networking technologies, rise in cloud platform adoption, miniaturization, and the emergence of advanced data analytics are the factors that are driving the global IoT market. The other factors that are propelling the growth of the market including advancement in data analytics, computing economies, and demand from varied domains including manufacturing, automotive, energy, and others. IoT brings different physical objects to be linked by a common network. The IoT market is split into various major segments such as analytics, security, cloud, mobile technologies, and platforms. integration, automation, and cloud computing are major driving forces behind the IoT market. The issues such as Security and Privacy are restraining the market growth.
Further, the IoT technology also assists in connecting various devices to provide ease in the operation and sharing of data amongst themselves. The IoT market caters to every sector from retail, energy, healthcare, infrastructure, and so on. smart homes, wearable’s, and smart cities are the most effective and high-growth applications in the IoT market. Apart from it, due to the recent outbreak of COVID-19, IoT investments and deployments are certainly slowing down. The major disruption in the global healthcare and supply chains, hospitals, insurers, governments, and logistics providers are reacting quickly for a more connected world that could support better address the current crisis and mitigate future ones.
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IoT Market Segmentation
By Infrastructure
- Platform
- Mobile Networks and Access Technologies
- Cloud Solutions/Storage and Processing
- Analytics
- Security
By End-User
- BFSI
- Manufacturing
- Transportation
- Healthcare
- Retail
- Energy& Utilities
- Residential
- Government & Defense
- Others
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- 3rings Care Ltd.
- 8power Ltd.
- ABB Ltd.
- Accelya Holding World S.L.
- Accenture PLC
- Adaptive Wireless Solutions, LLC
- AdhereTech Inc.
- Adroit Technologies
- Advantech B+B Smartworx Inc.
- Aeris Communications, Inc.
- Aeron Systems Pvt. Ltd.
- Afero Inc.
- Alphabet Inc.
- Altiux Innovations Pvt. Ltd.
- Ansys, Inc.
- Apple Inc.
- Aria Systems Inc.
- Aricent Inc.
- Asavie Technologies Ltd.
- AT&T, Inc.
- Atlas Systems Inc.
- Atos SE
- Augmedix, Inc.
- Augury Inc.
- Auvesy GmbH
- Avnet Inc.
- Awarepoint Corp.
- Ayla Networks Inc.
- Ayyeka Technologies Ltd.
- B&R Industrial Automation Corp.
- Bacsoft Ltd.
- Bae Systems PLC
- Balluff GmbH
- Bastille Networks, Inc.
- Bayshore Networks Inc.
- Beckhoff Automation GmbH & Co. KG
- Belkin International, Inc.
- Bitdefender Box LLC
- Blackberry Ltd.
- Borqs Technologies, Inc.
- Bsquare Corp.
- C3 Inc.
- CalAmp Corp.
- Capgemini SE
- Cognizant Technology Solutions Corp.
- Control4 Corp.
- Dell Technologies, Inc.
- Deutsche Telekom AG
- Digicert Inc.
- DreamOrbit Softech Pvt Ltd.
- DXC Technology
- Eaton Corp.
- Emerson Electric Co.
- Enlighted Inc.
- Ericsson Inc.
- Eseye Ltd.
- Evrythng Ltd.
- ExositeLLC
- lextronic Corp.
- Flutura Decision Sciences and Analytics
- FogHorn Systems Inc.
- FuGenx Technologies Pvt. Ltd.
- Fuji Electric Systems Co., Ltd.
- Fujitsu Ltd.
- Gambit Communications Inc.
- General Electric Co.
- Gooee Ltd.
- Google Inc.
- Greenwave Systems Inc.
- Harbinger Systems
- HCL Technologies Ltd.
- hIOTron
- Hitachi Ltd.
- HMS Holdings Corp.
- Hologram Inc.
- Hewlett Packard Enterprise Development LP
- Huawei Technologies Co. Ltd.
- IBM Corp.
- IDEMIA
- Infineon Technologies AG
- Infosys Ltd.
- Infogain Corp.
- Ingenu Inc.
- INRIX Inc.
- Intel Corp.
- InterDigital Inc.
- Inven Sense, Inc.
- ioTium, Inc.
- Ltd.
- Itron, Inc.
- Rhythm Technologies Inc.
- Iridium Communications Inc.
- Jabil Inc.
- Johnson Controls International PLC
- Kawasaki Heavy Industries, Ltd.
- KMC Controls Inc.
- KONUX GmbH
- KORE Wireless Group Inc.
- KPIT Technologies Ltd.
- Karamba Security
- LG Electronics
- Libelium Comunicaciones Distribuidas S.L.
- Litmus Automation Inc.
- Locbit Inc.
- LogFuze Inc.
- LogMeIn, Inc.
- Losant IoT, Inc.
- McRock Capital
- MediaTek Inc.
- Meritech Co. Ltd.
- Microsoft Corp.
- Mitsubishi Electric Corp.
- Montavista Software, LLC
- Motolingo LLC
- Moxa Technologies Co., Ltd.
- National Instruments Corp.
- NEC Corp.
- Nexiot AG
- Nokia Corp.
- Notion Labs, Inc.
- Nwave Technologies Ltd.
- NXP Semiconductors N.V.
- Oliver Wyman Group
- OMRON Corp.
- On Track Innovations Ltd.
- Optimal Design Co.
- Oracle Corp.
- Orange S.A.
- Orbcomm Inc.
- Orbita Inc.
- Panasonic Corp.
- PAS Global LLC
- Pepper IoT
- Preva Systems, Inc.
- Prodapt Solutions Pvt. Ltd.
- Prodea Systems Inc.
- Proteus Digital Health Inc.
- PTC Inc.
- PureLiFi Ltd.
- Qualcomm Inc.
- Qulix Systems
- Rakon Ltd.
- Ralph Lauren Corp.
- Real-Time Innovations
- Relayr Inc.
- Reve Automation LLP
- Rockwell Automation Inc.
- RtTech Software Inc.
- Com Inc.
- Samsara Inc.
- Samsung Electronics Co., Ltd.
- SAP SE
- Schaffner Holding
- Schneider Electric S.E.
- Secomea
- Semtech Corp.
- Senet Inc.
- SenseGrow Inc.
- Senseonics Holdings, Inc
- SensorComm Technologies, Inc.
- Sensoria Inc.
- Siemens AG
- Sierra Wireless, Inc.
- Singtel Inc.
- Sigfox SA
- Software AG
- Sony Corp.
- Sotera Wireless Inc.
- SparkCognition Inc.
- Sphero, Inc.
- Splunk Inc.
- Strobilanthes Technology Solutions India Pvt. Ltd.
- Stryd, Inc.
- Symantec Corp.
- Synapse Wireless Inc.
- Tata Consultancy Services
- Tata Communication (Teleena Holding)
- TE Connectivity Ltd.
- Tech Mahindra Ltd.
- Tele Tracking Technologies, Inc.
- Telit Communications PLC
- Tenable, Inc.
- Teradata Corp.
- Tesla Inc.
- Texas Instruments Inc.
- ThingLogix Inc.
- ThingStudio Ltd.
- Toshiba Corp.
- Totalmobile Ltd.
- TrakITNow Inc.
- Transatel SA
- Traxoid Automations Pvt. Ltd.
- Traxroot Intelligent Telematics
- T-Systems International GmbH
- Tuya Smart
- Ubisense Group PLC
- Urbiotica S.L.
- Valarm
- Veniam Inc.
- Verizon Enterprise Solutions, Inc.
- VersaSense
- Virtustream Inc.
- Vitria Technology, Inc.
- VMware, Inc.
- Vodafone Group PLC
- WaterSmart Software, Inc.
- Wibu-Systems AG
- Winjit Technologies
- Wipro Ltd.
- WiSilica Inc.
- Zebra Technologies Corp.
- ZTE Corp.
- Zuora Inc.
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