The Global Internet of Things (IoT) Devices Market size was estimated at USD 300.3 billion in 2021 and is expected to hit around USD 650.5 billion by 2031, poised to grow at a compound annual growth rate (CAGR) of 16.7% from 2022 to 2031.
Global Internet of Things (IoT) Devices Market: Breakup by Region, (USD Billion) 2022 & 2031
Source: Primary Research and Secondary Research Analysis
The vast network of physical devices, cars, buildings, and other items integrated with sensors, software, and network connectivity, allowing them to gather and share data, is referred to as the Global Internet of Things (IoT) Devices Market. As IoT devices continue to proliferate across a variety of industries, from manufacturing and healthcare to smart homes and agriculture, this industry has experienced substantial development.
The market for IoT devices is expanding due, in large part, to the growing need for real-time data analytics and insights. Businesses use Internet of Things (IoT) devices to collect useful data from the real world, which helps them make data-driven decisions. Businesses may increase overall productivity, optimise resource utilisation, and improve operational efficiency by integrating IoT devices.
The connected technology landscape is changing due to dynamic trends in the global market for Internet of Things (IoT) devices. The increase in demand for edge computing capabilities is one notable development. With the exponential growth of data created by IoT devices, enterprises are using edge computing more frequently to process and analyse data closer to the source. This trend lessens the strain on centralised cloud infrastructure, improves real-time decision-making, and lowers latency.
Another important development influencing the market for IoT devices is interoperability. The increasing number of different IoT devices from different manufacturers has made it necessary to achieve seamless integration and connectivity. The creation of common protocols and standardisation initiatives is gaining traction, enabling seamless device interoperability. In order to promote an IoT ecosystem that is more integrated and interoperable, this trend is essential.
Strong cybersecurity measures are becoming more and more important as security is still a major worry in the market for IoT devices. The potential attack surface increases with the number of linked devices. To protect against cyber threats and preserve sensitive data, businesses are investing in advanced security solutions like encryption, authentication, and secure device management.
Recent Developments:
Edge AI deployment has significantly increased in recent years within the global Internet of Things (IoT) device market. Artificial intelligence algorithms are being installed directly on IoT devices more often as businesses look to improve the devices' processing power at the network's edge. This change opens the door for cutting-edge applications in fields like industrial automation and driverless cars by enabling more effective data analysis, lower latency, and better real-time decision-making.
The ongoing development of 5G technology in tandem with IoT is another noteworthy trend. The global deployment of 5G networks is encouraging an IoT ecosystem that is more responsive and networked. 5G's faster data transmission rates and reduced latency allow more devices to function at once, facilitating the growth of Internet of Things applications that span from augmented reality to smart cities.
Table of Content
Global Internet of Things (IoT) Devices Market Research Report, 2020-2031.
Chapter 1. Introduction
1.1. Report description
1.2. Key market segments
1.3. Regional Scope
1.4. Executive Summary
Chapter 2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Secondary Analyst Tools and Models
Chapter 3. Market Dynamics
3.1. Market driver analysis
3.2. Market restraint analysis
3.3. Market Opportunity
3.4. Market Challenges
3.5. Impact analysis of COVID-19 on the Internet of Things (IoT) Devices Market
Chapter 4. Market Variables and Outlook
4.1. SWOT Analysis
4.1.1. Strengths
4.1.2. Weaknesses
4.1.3. Opportunities
4.1.4. Threats
4.2. Supply Chain Analysis
4.3. PESTEL Analysis
4.3.1. Political Landscape
4.3.2. Economic Landscape
4.3.3. Social Landscape
4.3.4. Technological Landscape
4.3.5. Environmental Landscape
4.3.6. Legal Landscape
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of Substitute
4.4.4. Threat of New Entrant
4.4.5. Competitive Rivalry
Chapter 5. Internet of Things (IoT) Devices Market: Device Estimates & Trend Analysis
5.1. Internet of Things (IoT) Devices Market value share and forecast, (USD Billion) (2020
to 2031)
5.2. Incremental Growth Analysis and Infographic Presentation
5.3. Wearables
5.3.1. Market Size & Forecast, (USD Billion) 2020-2031
5.4. Smart Appliances
5.4.1. Market Size & Forecast, (USD Billion) 2020-2031
5.5. Connected Cars
5.5.1. Market Size & Forecast, (USD Billion) 2020-2031
5.6. Industrial Machines
5.6.1. Market Size & Forecast, (USD Billion) 2020-2031
5.7. Smart Home Devices
5.7.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 6. Internet of Things (IoT) Devices Market: Application Estimates & Trend
Analysis
6.1. Internet of Things (IoT) Devices Market value share and forecast, (USD Billion) (2020
to 2031)
6.2. Incremental Growth Analysis and Infographic Presentation
6.3. Smart Healthcare
6.3.1. Market Size & Forecast, (USD Billion) 2020-2031
6.4. Industrial IOT
6.4.1. Market Size & Forecast, (USD Billion) 2020-2031
6.5. Smart Cities
6.5.1. Market Size & Forecast, (USD Billion) 2020-2031
6.6. Agriculture
6.6.1. Market Size & Forecast, (USD Billion) 2020-2031
6.7. Connected Cars
6.7.1. Market Size & Forecast, (USD Billion) 2020-2031
6.8. Consumer Electronics
6.8.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 7. Internet of Things (IoT) Devices Market: Connectivity Size Estimates & Trend
Analysis
7.1. Internet of Things (IoT) Devices Market value share and forecast, (USD Billion) (2020
to 2031)
7.2. Incremental Growth Analysis and Infographic Presentation
7.3. Cellular IOT (3G, 4G, 5G)
7.3.1. Market Size & Forecast, (USD Billion) 2020-2031
7.4. Wi-Fi
7.4.1. Market Size & Forecast, (USD Billion) 2020-2031
7.5. Bluetooth
7.5.1. Market Size & Forecast, (USD Billion) 2020-2031
7.6. Zigbee
7.6.1. Market Size & Forecast, (USD Billion) 2020-2031
7.7. LoRa
7.7.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 8. Internet of Things (IoT) Devices Market: End-User Estimates & Trend Analysis
8.1. Internet of Things (IoT) Devices Market value share and forecast, (USD Billion) (2020
to 2031)
8.2. Incremental Growth Analysis and Infographic Presentation
8.3. Healthcare
8.3.1. Market Size & Forecast, (USD Billion) 2020-2031
8.4. Manufacturing
8.4.1. Market Size & Forecast, (USD Billion) 2020-2031
8.5. Transportation
8.5.1. Market Size & Forecast, (USD Billion) 2020-2031
8.6. Agriculture
8.6.1. Market Size & Forecast, (USD Billion) 2020-2031
8.7. Retail
8.7.1. Market Size & Forecast, (USD Billion) 2020-2031
8.8. Energy
8.8.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 9. Internet of Things (IoT) Devices Market: Regional Estimates & Trend Analysis
9.1. Internet of Things (IoT) Devices Market value share and forecast, (USD Billion) (2020
to 2031)
9.2. Incremental Growth Analysis and Infographic Presentation
9.3. North America
9.3.1. Market Size & Forecast, (USD Billion) 2020-2031
9.4. Europe
9.4.1. Market Size & Forecast, (USD Billion) 2020-2031
9.5. Asia Pacific
9.5.1. Market Size & Forecast, (USD Billion) 2020-2031
9.6. Middle East & Africa
9.6.1. Market Size & Forecast, (USD Billion) 2020-2031
9.7. Latin America
9.7.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 10. Internet of Things (IoT) Devices Market: Country Estimates & Trend Analysis
10.1. Internet of Things (IoT) Devices Market value share and forecast, (USD Billion)
(2020 to 2031)
10.2. Incremental Growth Analysis and Infographic Presentation
10.3. U.S.
10.3.1. Market Size & Forecast, (USD Billion) 2020-2031
10.4. Canada
10.4.1. Market Size & Forecast, (USD Billion) 2020-2031
10.5. Mexico
10.5.1. Market Size & Forecast, (USD Billion) 2020-2031
10.6. UK
10.6.1. Market Size & Forecast, (USD Billion) 2020-2031
10.7. France
10.7.1. Market Size & Forecast, (USD Billion) 2020-2031
10.8. Germany
10.8.1. Market Size & Forecast, (USD Billion) 2020-2031
10.9. Russia
10.9.1. Market Size & Forecast, (USD Billion) 2020-2031
10.10. Italy
10.10.1. Market Size & Forecast, (USD Billion) 2020-2031
10.11. Spain
10.11.1. Market Size & Forecast, (USD Billion) 2020-2031
10.12. China
10.12.1. Market Size & Forecast, (USD Billion) 2020-2031
10.13. India
10.13.1. Market Size & Forecast, (USD Billion) 2020-2031
10.14. Japan
10.14.1. Market Size & Forecast, (USD Billion) 2020-2031
10.15. Indonesia
10.15.1. Market Size & Forecast, (USD Billion) 2020-2031
10.16. South Korea
10.16.1. Market Size & Forecast, (USD Billion) 2020-2031
10.17. Australia
10.17.1. Market Size & Forecast, (USD Billion) 2020-2031
10.18. Brazil
10.18.1. Market Size & Forecast, (USD Billion) 2020-2031
10.19. Argentina
10.19.1. Market Size & Forecast, (USD Billion) 2020-2031
10.20. Saudi Arabia
10.20.1. Market Size & Forecast, (USD Billion) 2020-2031
10.21. UAE
10.21.1. Market Size & Forecast, (USD Billion) 2020-2031
10.22. South Africa
10.22.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 11. Competitive Landscape
11.1. Company Market Share Analysis
11.2. Vendor Landscape
11.3. Competition Dashboard
Chapter 12. Company Profiles
12.1. Business Overview, Product Landscape, Financial Performanceand Company
Strategies for below companies
12.2. Cisco Systems
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Benchmarking
12.2.4. Geographic Footprint
12.2.5. Strategic Initiatives
12.3. IBM
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Benchmarking
12.3.4. Geographic Footprint
12.3.5. Strategic Initiatives
12.4. Microsoft Corporation
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Benchmarking
12.4.4. Geographic Footprint
12.4.5. Strategic Initiatives
12.5. Intel Corporation
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Benchmarking
12.5.4. Geographic Footprint
12.5.5. Strategic Initiatives
12.6. Huawei Technologies Co., Ltd.
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Benchmarking
12.6.4. Geographic Footprint
12.6.5. Strategic Initiatives
12.7. Bosch
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Benchmarking
12.7.4. Geographic Footprint
12.7.5. Strategic Initiatives
12.8. General Electric (GE)
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Benchmarking
12.8.4. Geographic Footprint
12.8.5. Strategic Initiatives
12.9. Siemens AG
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Benchmarking
12.9.4. Geographic Footprint
12.9.5. Strategic Initiatives
12.10. Qualcomm Technologies, Inc.
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Benchmarking
12.10.4. Geographic Footprint
12.10.5. Strategic Initiatives
12.11. Amazon Web Services (AWS)
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Benchmarking
12.11.4. Geographic Footprint
12.11.5. Strategic Initiatives
12.12. Google
12.12.1. Company Overview
12.12.2. Financial Performance
12.12.3. Product Benchmarking
12.12.4. Geographic Footprint
12.12.5. Strategic Initiatives
12.13. AT&T Inc.
12.13.1. Company Overview
12.13.2. Financial Performance
12.13.3. Product Benchmarking
12.13.4. Geographic Footprint
12.13.5. Strategic Initiatives
12.14. Samsung Electronics Co., Ltd.
12.14.1. Company Overview
12.14.2. Financial Performance
12.14.3. Product Benchmarking
12.14.4. Geographic Footprint
12.14.5. Strategic Initiatives
12.15. Oracle Corporation
12.15.1. Company Overview
12.15.2. Financial Performance
12.15.3. Product Benchmarking
12.15.4. Geographic Footprint
12.15.5. Strategic Initiatives
12.16. Honeywell International Inc.
12.16.1. Company Overview
12.16.2. Financial Performance
12.16.3. Product Benchmarking
12.16.4. Geographic Footprint
12.16.5. Strategic Initiatives
Chapter 13. Conclusion
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