GLOBAL INTERNET OF THINGS (IoT) MARKET FORECAST 2017-2025

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GLOBAL INTERNET OF THINGS (IoT) MARKET FORECAST 2017-2025

The Global Internet of Things (IoT) Market is anticipated to grow from $147.90 billion in 2016 to $2048.90 billion by 2025, at a CAGR of 32.39% between 2016 and 2025. The Internet of things creates a hyper-connectivity by establishing digital connectivity between people and things anytime and anywhere. The Internet of things market is primarily driven by following factors:hcare services, companies are focusing on IoT to reduce cost and increase efficiency.

GLOBAL INTERNET OF THINGS (IoT) MARKET FORECAST 2017-2025

Global Internet of Things (IoT) Market by Technologies (Radio Frequency Identification (Rfid), Machine to Machine (M2M) Communication Technology Market, Bluetooth, Wi-fi, Near Field Communication (NFC), Supervisory Control and Data Acquisition (SCADA), Zigbee, Cloud, Others) by Application (Consumer Services, Automotive & Aerospace, Healthcare, Smart Appliances, Logistics, Industrial Usage, Services, Others) & by Geography

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The Global Internet of Things (IoT) Market is anticipated to grow from $147.90 billion in 2016 to $2048.90 billion by 2025, at a CAGR of 32.39% between 2016 and 2025. The Internet of things creates a hyper-connectivity by establishing digital connectivity between people and things anytime and anywhere. The Internet of things market is primarily driven by following factors:

  • Growth in the internet of things
  • Customer database management
  • Declining sensor price and advanced sensor technologies
  • Large-scale investments in IOT markets
  • Smart cities

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The important driver increasing the growth of the Global Internet of Things (IoT) Market is the growth of the internet of things. Easy availability of internet connectivity is boosting the development of the market furthermore.  Ubiquitous wireless connectivity has enabled internet applications on various devices such as smartphones, tablets, laptops and residential devices such as smart thermostats, fitness devices, health monitoring devices and security applications. The widespread availability of Wi-Fi networks has fuelled the rapid growth of the Internet of things in every aspect of life.

 The applications of the Internet of Things (IoT) Market are used extensively for various purposes. Three years hence, the customer service will be automatically initiated by the connected devices as a plethora of objects connects to the Internet. Military and business carrier administrators confront a noteworthy increment in information as they grasp the Internet of Things for armadas of an exceedingly associated flying machine equipped for making a terabyte of information for each flight every day. Healing facilities utilize IoT to monitor the area of therapeutic gadgets, faculty, and patients. The Internet of Things is the system of physical articles that contain installed innovation to impart and sense or communicate with their inward states or the outer environment. The connected logistics market has been segmented by system and solution such as logistics management system, warehouse management system, and security and monitoring systems and by hardware into gateways, RFID, and sensor nodes. IoT is the integration of complex physical machinery with industrial networks and data analytics solutions to improve operational efficiency and reduce costs. Services used to support the essential features, and components of IoT network are known as IoT services. The Internet of things produces a chance to collect, measure, and analyze an ever-swelling variety of behavior statistics.

Lack of IoT Skills and Knowledge among employees and management are the major factors hindering the Internet of Things (IoT) Market. Lack of IoT skills and knowledge among employees and management is viewed as the biggest obstacle in using the IoT more extensively. IoT is providing massive opportunities to both hardware and software producers. However, lack of trained professionals to operate IoT infrastructure has become a major challenge for the industry.

The Global Internet of Things (IoT) Market segments includes technology and applications.

Technology is segmented into:

  • Radio frequency identification (RFID)
  • Machine to machine (m2m) communication
  • Supervisory control and data acquisition (SCADA)
  • ZigBee
  • Cloud management
  • Other technology

Applications are segmented into:

  • Consumer services
  • Automotive & aerospace
  • Healthcare
  • Smart appliances
  • Logistics & supply chain
  • Industrial usage
  • Services
  • Other applications

This report covers the present market conditions and the growth prospects of the global Internet of things market for 2017-2025 and considered the revenue generated through the sales of the Internet of things for technologies as well as applications to calculate the market size by considering 2016 as the base year.

Geographically, the Global Internet of Things (IoT) Market has been segmented on the basis of four major regions, which include:

  • North America – United States & Canada
  • Asia-Pacific – India, China, Australia, Japan, & Rest of APAC
  • Europe – UK, Germany, France, Spain, Italy, & Rest of Europe
  • Rest of World- the Middle East and Africa, Latin America,

The Internet of Things (IoT) Market in Asia Pacific is expected to hold the largest share by 2025. Asia Pacific is the home to many developing economies which is seen as a great opportunity for the Internet of Things technologies in the near future. Despite various challenges such as highly fragmented markets, significantly varying regulations among countries and underdevelopment of key underlying technologies such as broadband in some countries inhibit the growth of multitenant infrastructure; APAC regions are highly competitive in adopting the new technological trends. China is constantly focusing on technologies by which devices can connect via Radio Frequency Identification (RFID) infrared sensor and other Machine-to-Machine (M2M) technology. Investments in the field of IoT drive the market growth.

The Internet of things market is segmented based on technology which is sub-divided into RFID, M2M, SCADA, ZIGBEE, Cloud Management and Others. RFID technology is majorly used to track the location of objects during a process. For example; in manufacturing industry RFID objects are used to track the progress of the product throughout the assembly line. Machine to machine technologies enables various electronic and mechanical machines to communicate autonomously with other machines. SCADA technology is used in smart grids. The SCADA market is highly competitive, with the continuous emergence of new SCADA vendors with new SCADA products as well as market consolidation. The ZigBee mesh networking wireless technology is already enabling the growing Internet of Things (IoT) developments and providing energy and utility facility providers with novel consumer energy managing and effectiveness abilities. Cloud Computing is an internet-centered expertise that aids a central data source to distant devices associated via internet or intranet. An example of a new technology that will help shape the way the Internet of Things grows is IPv6.

The major market players of the global Internet of things market are:

  • SAP
  • Oracle Corporation
  • Microsoft
  • Texas Instruments
  • Google

Company Profiles covers analysis of important players.

SAP SE (Systems, Applications, and Products in data processing), formerly known as SAP AG is a European multinational headquartered at Walldorf, Germany. SAP provides IoT services such as e-business and enterprise management software to manage business operations and customer relations, software for enterprises in mobile enterprise management and training services. SAP’s services include data management, financial management, human capital management, product lifecycle management, supply chain management and others. Google is a global technology company with products in search and display advertising and offers a strong portfolio on the web, media, geo, home and office, specialized search and social segments. Google also develops android operating systems platform.

Key Findings of the Global Internet of things market:

  • Retail & e-commerce will drive the application of IoT in logistics & SCM
  • Asia Pacific leads sensors investments in 2016
  • Contribution to consumer applications
  • Cloud management services will dominate the IOT technological space
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • RETAIL & E-COMMERCE WILL DRIVE THE APPLICATION OF IoT IN LOGISTICS & SCM
      • ASIA PACIFIC LEADS SENSORS INVESTMENTS IN 2016
      • CONTRIBUTION TO CONSUMER APPLICATIONS
      • CLOUD MANAGEMENT SERVICES WILL DOMINATE THE IoT TECHNOLOGICAL SPACE
  1. MARKET DETERMINANTS
    • DRIVERS
      • GROWTH IN THE INTERNET OF THINGS
      • CUSTOMER DATABASE MANAGEMENT
      • DECLINING SENSOR PRICE AND ADVANCED SENSOR TECHNOLOGIES
      • LARGE SCALE INVESTMENTS IN IoT MARKETS
      • SMART CITIES
    • RESTRAINTS
      • RISK PERTAINING TO IoT
      • LACK OF IoT SKILLS AND KNOWLEDGE AMONG EMPLOYEES AND MANAGEMENT
    • OPPORTUNITIES
      • PRODUCTIVITY OF IoT IN BUSINESS PROCESS
    • CHALLENGES
      • STANDARDIZATION AND INTEGRATION
      • EASY TO DEPLOY AND LOW MAINTENANCE SENSOR TECHNOLOGY
      • INCREASING NUMBER OF DEVICES
  1. MARKET SEGMENTATION
    • MARKET BY TECHNOLOGIES 2017-2025
      • RADIO FREQUENCY IDENTIFICATION (RFID)
      • MACHINE TO MACHINE (M2M) COMMUNICATION
      • SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA)
      • ZIGBEE
      • CLOUD MANAGEMENT
      • OTHER TECHNOLOGY
    • MARKET BY APPLICATION 2017-2025
      • CONSUMER SERVICES
      • AUTOMOTIVE & AEROSPACE
      • HEALTHCARE
      • SMART APPLIANCES
      • LOGISTICS & SUPPLY CHAIN
      • INDUSTRIAL USAGE
      • SERVICES
      • OTHER APPLICATIONS
  1. KEY ANALYTICS
    • PORTERS FIVE FORCE ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE PRODUCTS OR SERVICES
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • KEY STRATEGIES
    • OPPORTUNITY MATRIX
  2. GEOGRAPHICAL ANALYSIS
    • ASIA PACIFIC (APAC)
      • CHINA
      • JAPAN
      • INDIA
      • AUSTRALIA
      • REST OF APAC
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • SPAIN
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • REST OF WORLD
      • MIDDLE EAST & AFRICA
      • LATIN AMERICA
  1. COMPANY PROFILES
    • MARKET SHARE ANALYSIS
    • MERGERS AND ACQUISITIONS
    • SAP
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC MOVES
      • SCOT ANALYSIS
    • ORACLE CORPORATION
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC MOVES
      • SCOT ANALYSIS
    • TEXAS INSTRUMENTS
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC MOVES
      • SCOT ANALYSIS
    • MICROSOFT
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC MOVES
      • SCOT ANALYSIS
    • ALCATEL LUCENT
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC MOVES
      • SCOT ANALYSIS
    • AT & T
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC MOVES
      • SCOT ANALYSIS
    • HUAWEI TECHNOLOGIES
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC MOVES
      • SCOT ANALYSIS
      • STRATEGIC ANALYSIS
    • NXP SEMICONDUCTORS
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC MOVES
      • SCOT ANALYSIS
    • GOOGLE
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC MOVES
      • SCOT ANALYSIS
    • INTEL CORPORATION
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC MOVES
      • SCOT ANALYSIS
    • IBM CORPORATION
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC MOVES
      • SCOT ANALYSIS
    • CISCO
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC MOVES
      • SCOT ANALYSIS
    • QUALCOMM INCORPORATED
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC MOVES
      • SCOT ANALYSIS
    • ARM HOLDINGS PLC
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC MOVES
      • SCOT ANALYSIS
    • ATMEL CORPORATION
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC MOVES
      • SCOT ANALYSIS
    • BOSCH SOFTWARE INNOVATIONS
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC MOVES
      • SCOT ANALYSIS
    • ERICSSON
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC MOVES
      • SCOT ANALYSIS
    • GENERAL ELECTRIC
      • OVERVIEW
      • STRATEGIC MOVES
      • SCOT ANALYSIS
    • FREESCALE SEMICONDUCTOR INC
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC MOVES
      • SCOT ANALYSIS
    • GEMALTO NV
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC MOVES
      • SCOT ANALYSIS

 

LIST OF TABLES 

TABLE 1        GLOBAL IoT MARKET BY TECHNOLOGIES 2017-2025 ($ BILLION)

TABLE 2        GLOBAL RFID ENABLED DEVICES MARKET BY GEOGRAPHY 2017-2025 ($ BILLION)

TABLE 3        GLOBAL M2M COMMUNICATION TECHNOLOGY MARKET BY GEOGRAPHY 2017-2025 ($ BILLION)

TABLE 4        GLOBAL SCADA MARKET BY GEOGRAPHY 2017-2025 ($ BILLION)

TABLE 5        GLOBAL CLOUD MANAGEMENT SERVICES MARKET BY GEOGRAPHY 2017-2025 ($ BILLION)

TABLE 6        GLOBAL IoT MARKET BY APPLICATIONS 2017-2025 ($ BILLION)

TABLE 7        GLOBAL IoT MARKET BY GEOGRAPHY 2017-2025 ($ BILLION)

TABLE 8        ASIA PACIFIC IoT MARKET BY COUNTRIES 2017-2025 ($ BILLION)

TABLE 9        EUROPE IoT MARKET BY COUNTRIES 2017-2025 ($ BILLION)

TABLE 10      REGULATORY FRAMEWORK IN UK

TABLE 11      NORTH AMERICA IoT MARKET BY COUNTRIES 2017-2025 ($ BILLION)

TABLE 12      REST OF WORLD IoT MARKET BY COUNTRIES 2017-2025 ($ BILLION)

LIST OF FIGURE

FIGURE 1      INTERNET OF THINGS ARCHITECTURE

FIGURE 2      CHALLENGES IN ADOPTION OF WEARABLE TECHNOLOGIES BY CONSUMERS (%) FOR 2016

FIGURE 3      GLOBAL RFID ENABLED DEVICES MARKET 2017-2025 ($ BILLION)

FIGURE 4      GLOBAL M2M COMMUNICATION TECHNOLOGIES MARKET 2017-2025 ($ BILLION)

FIGURE 5      GLOBAL SCADA MARKET 2017-2025 ($ BILLION)

FIGURE 6      GLOBAL ZIGBEE MARKET 2017-2025 ($ BILLION)

FIGURE 7      GLOBAL CLOUD MANAGEMENT MARKET 2017-2025 ($ BILLION)

FIGURE 8      GLOBAL OTHER TECHNOLOGY MARKET 2017-2025 ($ BILLION)

FIGURE 9      GLOBAL CONSUMER SERVICE MARKET 2017-2025 ($ BILLION)

FIGURE 10   GLOBAL AUTOMOTIVE AND AEROSPACE MARKET 2017-2025 ($ BILLION)

FIGURE 11   GLOBAL HEALTHCARE MARKET 2017-2025 ($ BILLION)

FIGURE 12   GLOBAL SMART APPLIANCES MARKET 2017-2025 ($ BILLION)

FIGURE 13   GLOBAL LOGISTICS SUPPLY CHAIN MARKET 2017-2025 ($ BILLION)

FIGURE 14   GLOBAL INDUSTRIAL USAGE MARKET 2017-2025 ($ BILLION)

FIGURE 15   GLOBAL SERVICES MARKET 2017-2025 ($ BILLION)

FIGURE 16   GLOBAL OTHER APPLICATIONS MARKET 2017-2025 ($ BILLION)

FIGURE 17   CHINA IoT MARKET 2017-2025 ($ BILLION)

FIGURE 18   JAPAN IoT MARKET 2017-2025 ($ BILLION)

FIGURE 19   INDIA IoT MARKET 2017-2025 ($ BILLION)

FIGURE 20   AUSTRALIA IoT MARKET 2017-2025 ($ BILLION)

FIGURE 21   REST OF APAC IoT MARKET 2017-2025 ($ BILLION)

FIGURE 22   UNITED KINGDOM IoT MARKET 2017-2025 ($ BILLION)

FIGURE 23   GERMANY IoT MARKET IN $BILLION (2017-2025)

FIGURE 24   FRANCE IoT MARKET 2017-2025 ($ BILLION)

FIGURE 25   ITALY IoT MARKET 2017-2025 ($ BILLION)

FIGURE 26   SPAIN IoT MARKET 2017-2025 ($ BILLION)

FIGURE 27   US IoT MARKET2017-2025 ($ BILLION)

FIGURE 28   CANADA IoT MARKET 2017-2025 ($ BILLION)

FIGURE 29   MIDDLE EAST & AFRICA IoT MARKET 2017-2025 ($ BILLION)

FIGURE 30   LATIN AMERICA IoT MARKET 2017-2025 ($ BILLION)

  1. MARKET SEGMENTATION
    • MARKET BY TECHNOLOGIES 2017-2025
      • RADIO FREQUENCY IDENTIFICATION (RFID)
      • MACHINE TO MACHINE (M2M) COMMUNICATION
      • SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA)
      • ZIGBEE
      • CLOUD MANAGEMENT
      • OTHER TECHNOLOGY
    • MARKET BY APPLICATION 2017-2025
      • CONSUMER SERVICES
      • AUTOMOTIVE & AEROSPACE
      • HEALTHCARE
      • SMART APPLIANCES
      • LOGISTICS & SUPPLY CHAIN
      • INDUSTRIAL USAGE
      • SERVICES
      • OTHER APPLICATIONS
  1. GEOGRAPHICAL ANALYSIS
    • ASIA PACIFIC (APAC)
      • CHINA
      • JAPAN
      • INDIA
      • AUSTRALIA
      • REST OF APAC
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • SPAIN
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • REST OF WORLD
      • MIDDLE EAST & AFRICA
      • LATIN AMERICA

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