IOT SOLUTIONS AND SERVICES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global IoT solutions and services market growth is driven by factors such as rapid proliferation of connected devices, growing adoption of cloud platforms, and increasing need for centralized monitoring and management solutions across various industries. Various technologies that enable effective connectivity of devices such as wireless sensors, RFID, NFC, and others have boosted the application of IoT for smart city projects, infrastructure management, supply chain monitoring, and more. IoT solutions allow enterprises to automate business processes, gain real-time insights from deployed devices and sensors, enhance productivity, and achieve operational efficiencies. The market will witness growth as more organizations implement IoT strategies for business transformation.

Market Dynamics:

Global IoT solutions and services market growth is driven by factors like growing adoption of cloud platforms, increasing deployment of wireless connectivity technologies, and rising need for centralized monitoring & management across industries. However, issues pertaining to data security, integration challenges, and high initial investment can hamper the market growth. Developments in edge computing, 5G infrastructure, and block chain can provide significant opportunities for market growth. Adoption of IoT in applications such as smart manufacturing, connected healthcare, and autonomous vehicles can drive new revenue streams for market players in the future.

Key features of the study:

- This report provides in-depth analysis of the global IoT solutions and services market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the global IoT solutions and services market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include Cisco Systems, Inc., IBM Corporation, Microsoft Corporation, General Electric Company, Siemens AG, Intel Corporation, Oracle Corporation, Honeywell International Inc., Bosch Group, SAP SE, PTC Inc., Vodafone Group plc, Qualcomm Technologies, Inc., Schneider Electric SE, and Dell Technologies Inc.

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- Global IoT solutions and services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global IoT solutions and services market

Detailed Segmentation-

• By Solution Type Insights (Revenue, US$ Bn, 2019 - 2031)
• • Software
  • Hardware
  • Services
• By Deployment Mode Insights (Revenue, US$ Bn, 2019 - 2031)
• • Cloud-based
  • On-premises
  • Hybrid
• By Application Insights (Revenue, US$ Bn, 2019 - 2031)
• • Industrial IoT
  • Smart Home
  • Healthcare
  • Transportation
  • Agriculture
  • Retail
  • Others
• Regional Insights (Revenue, US$ Tn, 2019 - 2031)
• • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
• • Cisco Systems, Inc.
  • IBM Corporation
  • Microsoft Corporation
  • General Electric Company
  • Siemens AG
  • Intel Corporation
  • Oracle Corporation
  • Honeywell International Inc.
  • Bosch Group
  • SAP SE
  • PTC Inc.
  • Vodafone Group plc
  • Qualcomm Technologies, Inc.
  • Schneider Electric SE
  • Dell Technologies Inc.