Internet of Things (IoT) Market
Internet of Things (IoT) Market Study by IoT Platforms, IoT Data Transport, IoT Security, IoT Analytics, and and IoT Sensors from 2024 to 2034
Analysis of Internet of Things (IoT) Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Internet of Things (IoT) Market Outlook (2024 to 2034)
The global Internet of Things (IoT) market size will expand from US$ 1,90,180.8 million in 2024 to US$ 8,83,156.2 million by 2034. The global IoT market is expected to steadily evolve at a 16.6% CAGR from 2024 to 2034.
IoT transforms businesses, improves productivity, and opens sophisticated analytics with enhanced connectivity and data interchange. Some primary motivators are the ever-increasing need for automation, better decision-making, and the continuous advancement of 5G technology. The increased integration of smart devices across numerous industries propels the Internet of Things market.
As more industries adopt IoT solutions for process optimization and cutting-edge service delivery, the Internet of Things (IoT) market is anticipated to rise rapidly. Persistent challenges, such as security concerns and interoperability issues, must be addressed to maintain the acceleration of IoT adoption globally.
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Catalysts Powering the Growth of the Internet of Things (IoT) Market
The adoption of the Internet of Things in manufacturing, commonly known as Industry 4.0, results in smart factories that have seamless communication between equipment, sensors, and systems. The outcomes are increased productivity overall, decreased downtime, and enhanced production efficiency.
The demand for robust IoT security solutions is driven by the growth of connected devices, which poses security issues. Building secure methods and safeguards to safeguard sensitive data is a concurrent focus of the IoT ecosystem's expansion.
IoT applications support efforts to reduce energy use and promote sustainability. IoT-enabled smart energy management solutions aid in the optimization and monitoring of energy use in homes, businesses, and other buildings.
IoT enables effective healthcare delivery, tailored treatment, and remote patient monitoring in the healthcare industry. IoT adoption in healthcare improves patient outcomes and streamlines the use of medical resources.
By offering a framework for interoperability and guaranteeing the security and dependability of IoT solutions, regulatory actions and the creation of industry standards aid in the Internet of Things (IoT) market expansion.
| Report Attributes | Details |
|---|---|
| Estimated Market Value (2024E) | US$ 1,90,180.8 million |
| Forecasted Market Value (2034F) | US$ 8,83,156.2 million |
| Global Market Growth Rate (2024 to 2034) | 16.6% |
| IoT Analytics Segment Growth Rate (2024 to 2034) | 16.8% |
| Smart Grid Segment Growth Rate (2024 to 2034) | 17.2% |
| North America Market Share (2024) | 15.7% |
| East Asia Market Share (2024) | 17.2% |
| Key Companies Profiled | Amazon Web Services; AT & T Inc; Cisco System; Google Inc.; Oracle Corporation; Dell Inc. Microsoft Corporation |
Limiting Factors Impacting the Expansion of IoT Technologies
Ensuring strong security for networks and linked devices is a constant task that is one of the main impediments to the Internet of Things (IoT) market. Connected devices increase potential exposure to cyberattacks, data breaches, and illegal access.
The proficient execution and administration of Internet of Things systems necessitate a workforce skilled in device management, cybersecurity, and data analytics. A lack of experts with these abilities can constrain the IoT market's potential growth.
IoT solution deployment frequently entails high upfront infrastructure, software, and hardware expenditures. Smaller Internet of Things vendors and organizations can discover it challenging to embrace and incorporate IoT technologies into their daily operations as a result of this.
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Country-wise Analysis
The internet of things market in North America is to develop at a CAGR of 15.7% through 2034. Rising demand for the Internet of Things (IoT) in key countries, especially the United States and Canada, is the primary catalyst behind the spike. The United States tops the IoT industry with an estimated share of 79.5% by 2034.
The internet of things market in East Asia is to advance at a 17.2% CAGR through 2034. China has emerged as the dominant force, with a 58.2% share in the Internet of Things (IoT) market in East Asia by 2034.
What Does the Future Hold for the Internet of Things (IoT) Market in North America?
“Smart Cities Initiatives Propel IoT Integration for Efficient Urban Management and Sustainability”
Due to its developed technology sector and widespread adoption of digital technology, the United States leads the North America IoT market. Robust government programs and partnerships between large IT companies and startups support the ongoing expansion of the IoT sector in the United States. The IoT industry in the United States is expected to acquire 81.5% of the market share in 2024.
| Attributes | Details |
|---|---|
| United States Market CAGR | 15.4% |
| United States Market Size (2024) | US$ 44,329.2 million |
| Canada Market CAGR | 15.9% |
| Canada Market Size (2024) | US$ 6,472.6 million |
With a focus on distinct geographic limitations, the Canada IoT market is gradually growing into remote monitoring applications, especially in the transportation and natural resource extraction industries. In 2024, Canada internet of things market is expected to contribute 11.9% of the market share.
What Trends are Shaping the Asia Pacific Internet of Things (IoT) Market?
“Increased Focus on Cybersecurity as IoT Adoption Expands in The Asia Pacific”
China's vibrant startup scene and the country's heavy concentration of tech giants encourage innovation and variety in the IoT space, which supports long-term market growth. China leads the Asia-Pacific IoT market because of its large population, fueling widespread adoption through solid investment and government initiatives. China is expected to gain 59.2% of the share in 2024.
| Attributes | Details |
|---|---|
| China Market CAGR | 17% |
| China Market Size (2024) | US$ 41,094.3 million |
| Japan Market CAGR | 17.7% |
| Japan Market Size (2024) | US$ 19,089.4million |
Japan's dedication to Internet of Things security and privacy regulations builds customer confidence. It creates a favorable atmosphere for developing IoT applications, particularly in linked devices and smart homes. The adoption of IoT solutions in the manufacturing, healthcare, and transportation sectors demonstrates Japan's IoT market's systematic approach, which emphasizes quality and precision. In 2024, the Japan IoT industry is scheduled to account for 27.5% of the market share.
Category-wise Outlook
Based on the components, the IoT sensor segment is estimated to hold a 31.8% market share by 2034. Simultaneously, the IoT platform segment is anticipated to secure a 24.3% share by 2034, contributing significantly to the market's stability. Based on application, the smart grid segment marks its dominance, with a share of 22.1% by 2034.
What Makes the IoT Sensor Segment the Market Leader Among IoT Components?
“IoT Sensors Lead as They Serve as the Primary Data Source, Crucial for Real-time Insights”
| IoT Sensor | Details |
|---|---|
| Market Size (2024) | US$ 61,238.2 million |
| Market Share (2024) | 32.2% |
| IoT Platform | Details |
|---|---|
| Market Size (2024) | US$ 45,072.8 million |
| Market Share (2024) | 23.7% |
Sensor technologies are essential to the growth of IoT ecosystems because of their scalability and adaptability, cementing their dominance in the IoT market. IoT sensors are necessary because of their capacity to deliver accurate and fast information, which improves decision-making processes.
From 2024 to 2034, the IoT sensor segment in the component category is expected to accelerate at a CAGR of 16.3%. In 2024, the component category's IoT sensor segment is expected to account for 32.2% of the share.
Does the Smart Grid Segment Reign Supreme in the IoT Market by Application?
“Smart Grids Optimize Vital Infrastructure, Making Them Essential for IoT Applications”
| Smart Grid | Details |
|---|---|
| Market Size (2024) | US$ 43,171.0 million |
| Market Share (2024) | 22.7% |
| Others | Details |
|---|---|
| Market Size (2024) | US$ 39,747.8 million |
| Market Share (2024) | 20.9% |
The smart grid segment is leading due to the growing demand for sophisticated and dependable energy infrastructure. A vital component of the smart Grid's dominance in the IoT market is its concentration on grid upgrading and smart energy solutions. As a significant force behind the IoT sector, smart grid automation lowers losses and increases reliability.
Through 2034, the application category's smart grid segment is expected to flourish at a CAGR of 17.2%. In 2024, the application category's smart grid segment is expected to account for 22.7% of the share.
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Competitive landscape highlights only certain players
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Competitive Analysis
With many Internet of Things (IoT) vendors fighting for supremacy in several industries, the market is highly competitive. It is a dynamic landscape that startups, established tech giants, and specialized IoT providers shape. IoT vendors should form partnerships, strategically align with industry norms, and invest in research and development to remain on the cutting edge.
An increase in applications across industries is a defining feature of the evolution of the Internet of Things market, escalating competition. The manufacturers in this quickly growing and revolutionary sector are concentrating on innovation, scalability, and interoperability as the demand for IoT solutions keeps rising.
Notable Innovations
- Texas Instruments created the SimpleLink series of Wi-Fi 6 companion integrated circuits in April 2023 to help designers create highly dependable, secure, and efficient Wi-Fi connections at an affordable price so that applications can run in high-density or high-temperature environments up to 105 oC. When paired with a microcontroller or CPU, the CC33xx devices enable a secure Internet of Things connection with dependable radio frequency (RF) performance across a variety of industrial areas, including building automation, medical, and grid infrastructure.
- Qualcomm unveiled state-of-the-art IoT solutions in April 2023 to enable new industrial applications and assist in the IoT ecosystem's scaling. For a variety of IoT use cases, including smart buildings, businesses, retail, and industrial automation, the recent IoT solutions offer more performance, cutting-edge connectivity, and next-generation processing.
- Qualcomm increased the scope of its service in February 2023 to streamline and expedite IoT across various industries. Qualcomm Aware combines industry-leading silicon, a significant cloud architecture that is developer-friendly, an ecosystem of hardware and software partners, and exceptional services for managing assets that require critical, accurate, and time-sensitive decision-making. Qualcomm Aware aims to set a new benchmark for the Internet of Things and help companies become more efficient by providing a worldwide connection, optimizing smartly, and fusing location technologies with sensor alerts and critical device management and control features.
Segmentation of Internet of Things Market Research
-
By Component :
- IoT Platform
- IoT Data Transport
- IoT Security
- IoT Analytics
- IoT Sensor
-
By Application :
- Smart Grid
- M2M Communication
- Home and Building Automation
- Wearable Computing Devices
- V2V Communication
- Others
-
By Region :
- North America
- East Asia
- East Asia
- South Asia and Pacific
- Western Europe
- Eastern Europe
- The Middle East and Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background
- 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
- 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Component
- 5.1. Platform
- 5.1.1. Device Management
- 5.1.2. Cloud Platform
- 5.1.3. Network Management
- 5.2. Solution & Services
- 5.2.1. Real-Time Streaming Analytics
- 5.2.2. Security
- 5.2.3. Data Management
- 5.2.4. Remote Monitoring
- 5.2.5. Network Band Management
- 5.1. Platform
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-Use Industry
- 6.1. Banking, Financial Services and Insurance (BFSI)
- 6.2. Retail
- 6.3. Government
- 6.4. Healthcare
- 6.5. Manufacturing
- 6.6. Agriculture
- 6.7. Sustainable Energy
- 6.8. Transportation
- 6.9. IT & Telecom
- 6.10. Others
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
- 7.1. North America
- 7.2. Latin America
- 7.3. Western Europe
- 7.4. Eastern Europe
- 7.5. South Asia and Pacific
- 7.6. East Asia
- 7.7. Middle East and Africa
- 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 15. Key Countries Market Analysis
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. Cisco Systems, Inc
- 17.2. Sap Se
- 17.3. Google Llc
- 17.4. IBM
- 17.5. Amazon Web Service
- 17.6. Bosch Software Innovation Gmbh
- 17.7. Oracle Corporation
- 17.8. Hewlett Packard Enterprise
- 17.9. Microsoft Corporation
- 17.10. Intel Corporation
- 18. Assumptions & Acronyms Used
- 19. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 4: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 5: North America Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 6: North America Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 7: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: Latin America Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 9: Latin America Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 10: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 11: Western Europe Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 12: Western Europe Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 13: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Eastern Europe Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 15: Eastern Europe Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 16: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 17: South Asia and Pacific Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 18: South Asia and Pacific Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 19: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: East Asia Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 21: East Asia Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
Table 22: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 23: Middle East and Africa Market Value (US$ Million) Forecast by Component, 2019 to 2034
Table 24: Middle East and Africa Market Value (US$ Million) Forecast by End-Use Industry, 2019 to 2034
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List Of Figures
Figure 1: Global Market Value (US$ Million) by Component, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 7: Global Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 8: Global Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 9: Global Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 10: Global Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 11: Global Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 12: Global Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 13: Global Market Attractiveness by Component, 2024 to 2034
Figure 14: Global Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 15: Global Market Attractiveness by Region, 2024 to 2034
Figure 16: North America Market Value (US$ Million) by Component, 2024 to 2034
Figure 17: North America Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 18: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 19: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 23: North America Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 24: North America Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 25: North America Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 26: North America Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 27: North America Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 28: North America Market Attractiveness by Component, 2024 to 2034
Figure 29: North America Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 30: North America Market Attractiveness by Country, 2024 to 2034
Figure 31: Latin America Market Value (US$ Million) by Component, 2024 to 2034
Figure 32: Latin America Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 33: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 34: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 41: Latin America Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 43: Latin America Market Attractiveness by Component, 2024 to 2034
Figure 44: Latin America Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 45: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 46: Western Europe Market Value (US$ Million) by Component, 2024 to 2034
Figure 47: Western Europe Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 48: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 49: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 50: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 51: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 52: Western Europe Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 53: Western Europe Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 54: Western Europe Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 56: Western Europe Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 57: Western Europe Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 58: Western Europe Market Attractiveness by Component, 2024 to 2034
Figure 59: Western Europe Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 60: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 61: Eastern Europe Market Value (US$ Million) by Component, 2024 to 2034
Figure 62: Eastern Europe Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 63: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 64: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 65: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 66: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 67: Eastern Europe Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 68: Eastern Europe Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 69: Eastern Europe Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 70: Eastern Europe Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 71: Eastern Europe Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 72: Eastern Europe Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 73: Eastern Europe Market Attractiveness by Component, 2024 to 2034
Figure 74: Eastern Europe Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 75: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 76: South Asia and Pacific Market Value (US$ Million) by Component, 2024 to 2034
Figure 77: South Asia and Pacific Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 78: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 79: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 80: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 81: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 82: South Asia and Pacific Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 83: South Asia and Pacific Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 84: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 85: South Asia and Pacific Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 86: South Asia and Pacific Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 87: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 88: South Asia and Pacific Market Attractiveness by Component, 2024 to 2034
Figure 89: South Asia and Pacific Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 90: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 91: East Asia Market Value (US$ Million) by Component, 2024 to 2034
Figure 92: East Asia Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 93: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 96: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 97: East Asia Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 98: East Asia Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 99: East Asia Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 100: East Asia Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 101: East Asia Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 102: East Asia Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 103: East Asia Market Attractiveness by Component, 2024 to 2034
Figure 104: East Asia Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 105: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 106: Middle East and Africa Market Value (US$ Million) by Component, 2024 to 2034
Figure 107: Middle East and Africa Market Value (US$ Million) by End-Use Industry, 2024 to 2034
Figure 108: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 109: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 110: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 111: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 112: Middle East and Africa Market Value (US$ Million) Analysis by Component, 2019 to 2034
Figure 113: Middle East and Africa Market Value Share (%) and BPS Analysis by Component, 2024 to 2034
Figure 114: Middle East and Africa Market Y-o-Y Growth (%) Projections by Component, 2024 to 2034
Figure 115: Middle East and Africa Market Value (US$ Million) Analysis by End-Use Industry, 2019 to 2034
Figure 116: Middle East and Africa Market Value Share (%) and BPS Analysis by End-Use Industry, 2024 to 2034
Figure 117: Middle East and Africa Market Y-o-Y Growth (%) Projections by End-Use Industry, 2024 to 2034
Figure 118: Middle East and Africa Market Attractiveness by Component, 2024 to 2034
Figure 119: Middle East and Africa Market Attractiveness by End-Use Industry, 2024 to 2034
Figure 120: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What Was the Value of The Internet of Things (IoT) Market in 2019?
The global Internet of Things market was worth US$ 1,20,120.6 million in 2019.
What Is the Sales Outlook for the Internet of Things (IoT) Market in 2024?
The sales of the Internet of Things (IoT) are likely to be valued at US$ 1,90,180.8 million in 2024.
What Is the Demand Forecast for the Internet of Things (IoT) Market?
Demand for the Internet of Things (IoT) is projected to reach a market value of US$ 8,83,156.2 million by the end of 2034.
What Is the Adoption Growth Projection for the Internet of Things (IoT) Market?
Adoption of the Internet of Things (IoT) is projected to rise at a CAGR of 16.6% through 2034.
At What CAGR Is the Internet of Things (IoT) Market in North America Predicted to Develop?
The North America Internet of Things market is forecast to expand at a CAGR of 15.7% through 2034.
At What CAGR Is the East Asia Internet of Things (IoT) Market Predicted to Grow?
The East Asia IoT market is forecast to expand at a CAGR of 17.2% through 2034.
Internet of Things (IoT) Market