IOT DEVICES MARKET ANALYSIS

Regional Analysis

Global IoT Devices Market: Regional Insights

North America is expected to dominate the global IoT devices market during the forecast period. The regions has countries such as the U.S. and Canada with developed economies, which allows them to heavily invest in research and development. Along with this, the increase in digitization across all the industrial areas, growing penetration of smart connected devices, and steady technological developments in the region are driving the growth of global IoT devices market in the region. Furthermore, factors such as rise in use of connected devices as well as related network infrastructure in the region along with growing collaboration of hardware, software, and network providers is also expected to fuel growth of the market in North America region.

Moreover, Asia Pacific is also anticipated to exhibit substantial growth in the global IoT devices market over the forecast period. Major factors contributing to this growth are early adoption of technological developments, such as IoT and AL, growing implementation of industrial automation, and adoption of Smart Nation initiatives by governments in the region. Moreover, presence of favorable infrastructure, such as data centers, high fiber connectivity, submarine cables, and investments of operators in low-power networks are likely to drive adoption of IoT devices across the region. These factors are thus, expected to boost growth of the global IoT devices market in Asia Pacific.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa