IoT Market Size, Segments, and Trends by 2030
IoT Market: Strategic Insights
IoT Market
-
CAGR (2022 - 2030)30.6% -
Market Size 2023
US$ 611.00 Billion -
Market Size 2031
US$ 3967.99 Billion
Market Dynamics
GROWTH DRIVERS
- Increasing adoption of IoT devices, increasing resilience in smart manufacturing, and rapid digitization across various industries
FUTURE TRENDS
- The fusion of Artificial Intelligence (AI) with IoT
OPPORTUNITIES
- The development of smart cities and the progressive deployment of 5G networks
Key Players
- Microsoft Corporation
- Hewlett Packard Enterprise Development LP
- SAS Institute Inc
- VMware Inc
- Google LLC
- Oracle Corporation
- Cisco Systems Inc
- SAP SE
- IBM Corporation
- Qualcomm Technologies Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Component
- Hardware
- Software
- Services
nterprise Size
- Large Enterprises and SMEs
Application
- Building & Automation
- Smart Energy & Utilities
- Smart Manufacturing
- Connected Logistics
- Banking & Financial Services
- Aerospace & Defense