IoT市場 – 2029年までの世界予測

IoT Market - Global Forecast To 2029

IoT市場 - 提供内容 (プラットフォーム、サービス)、注力分野 (スマート製造、スマート交通/モビリティ、スマートヘルスケア、スマート小売、スマートシティ、スマートビルディング、スマートエネルギーと公共事業)、用途 - 2029年までの世界予測
IoT Market by Offering (Platforms, Services), Focus Area (Smart Manufacturing, Smart Transportation/Mobility, Smart Healthcare, Smart Retail, Smart Cities, Smart building, Smart Energy & Utilities), Application - Global Forecast to 2029
出版社MarketsandMarkets
出版年月2024年8月
ページ数271
図表数327
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The IoT market is estimated at USD 64.8 billion in 2024 to USD 153.2 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 18.8%.

IoT市場は、2024 年に 648 億米ドル、2029 年までに 1,532 億米ドルに達し、年間平均成長率 (CAGR) は 18.8% になると推定されています。

IoT enhances operational effectiveness through the delivery of instant data and automated processes. They also improve decision-making by using predictive analytics and monitoring. Moreover, IoT helps cut costs by enhancing resource utilization and decreasing manual involvement.

IoT市場 - 2029年までの世界予測
IoT Market

“By application, the asset management is expected to have the largest market size during the forecast period. “

Asset management is projected to dominate the IoT sector in market size throughout the forecast period due to various important factors. Companies are increasingly looking to increase efficiency and reduce costs, and are experiencing a need for IoT solutions that continuously monitor and track assets. These solutions provide improved visibility and status of popular assets, enabling companies to maximize asset utilization, reduce downtime and avoid losses.  The financial benefits of IoT asset management, including lower preservation prices and longer asset lifestyles, result in large cost savings and a worthwhile go back on investment (ROI). Furthermore, IoT asset control structures frequently combine with different technology which include AI and records analytics, increasing their features with predictive maintenance and superior analytics. Regulatory compliance and contingency control necessities additionally serve as an increasing name, as IoT answers help hold compliance and higher manipulate hazard Furthermore, business enterprise-aligned offerings consisting of the upward push of manufacturing, logistics and healthcare assets -underlines the growing significance of IoT inside the enterprise.

IoT市場 - 2029年までの世界予測 ecosystem
List of Top Companies in IoT Market

“By focus area, the smart building is expected to hold a higher growth rate during the forecast period.” The IoT marketplace is predicted to look to expand boom inside the clever constructing zone because of diverse factors. The developing attention to strength and reducing charges allows the usage of IoT generation to decorate lights, HVAC structures, and other building operations, resulting in decreased operational costs and adherence to strength prison recommendations.

Furthermore, intelligent buildings provide enhanced management features through live monitoring and automation, resulting in increased operational efficiency and decreased maintenance expenses. The increased emphasis on health and safety, continues to drive expansion as IoT solutions enhance air quality and control occupancy. The development of sensors, data analytics, and cloud computing have made these solutions easily accessible and cost-effective, with government subsidies and regulations encouraging the use of energy-efficient technologies Urbanization and infrastructure development of growth require intelligent solutions to manage complex construction systems.

“By offering, Platform is estimated to have the largest market share during the forecast period.”

The platform segment is expected to hold the largest market share in the IoT market due to its key role in managing and connecting IoT devices and applications during the forecast period. Using them to aggregate data from a variety of sources and use analytics to provide useful insights is essential to meet the growing demand for data-driven decision-making Platforms also empower scalable and flexible, enabling companies to add new tools and technologies to adapt to changing needs. Their integrated security features and compliance strategies address important data security and compliance concerns. In addition, platforms also provide support for applications in different fields, such as smart cities, industrial automation, and often incorporate new technologies such as AI and machine learning to provide more advanced features The development of complex networks consisting of device manufacturers, software makers and service providers Strengthens the value they offer, reinforcing their position as a leading force in the IoT industry.

In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the IoT market.

  • By Company Type: Tier 1 – 62%, Tier 2 – 23%, and Tier 3 – 15%
  • By Designation: C-level –38%, D-level – 30%, and Others – 22%
  • By Region: North America – 40%, Europe – 15%, Asia Pacific – 35%, and Rest of the World – 10%.
IoT市場 - 2029年までの世界予測 region
IoT Market By Region

The major players in the IoT market are AWS (US), Microsoft (US), Oracle (US), Cisco Systems Inc. (US), SAP (Germany), Avnet Inc. (US), IBM (US), Google (US), PTC (US), Software AG (Germany), Hitachi Ltd. (Japan), Telit Cinterion (UK), STC (Saudi Arabia), Alibaba Cloud (China), Braincube (France), Datadog (US), Bosch (Germany), Particle Industries Inc. (US), HQSoftware (Estonia), Clearblade (US), Ayla Networks Inc. (US), Losant IoT (US), IoT Factory (Belgium), Oxagile (US), Portainer.IO (New Zealand), Emnify (Germany), Sumatosoft (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their IoT market footprint.

Research Coverage

The market study covers IoT market size across different segments. It aims at estimating the market size and the growth potential across various segments, including Offering (platforms and services), Application (asset management, supply chain management, business process optimization,workforce management, emergency & incident management, and other applications), Focus area (smart manufacturing, smart transportation/mobility, smart healthcare, smart retail, smart cities, smart building, smart energy & utilities, smart agriculture, and other focus areas), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants with information on the closest approximations of the global IoT market’s revenue numbers and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market’s pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (condition monitoring predictive performance, 5G & edge computing, safety & risk reduction), restraints (security concerns, privacy concerns, implementation problems, technological fragmentation), opportunities (improved efficiency, enhanced decision making, new business models and revenue streams), and challenges (security, data management, interoperability, regular compliance) influencing the growth of the IoT market.

  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the IoT market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the IoT market across various regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the IoT market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading companies including AWS (US), Microsoft (US), Oracle (US), Cisco Systems Inc. (US), SAP (Germany), Avnet Inc. (US), IBM (US), Google (US), PTC (US), Software AG (Germany), Hitachi Ltd. (Japan), Telit Cinterion (UK), STC (Saudi Arabia), Alibaba Cloud (China), Braincube (France), Datadog (US), Bosch (Germany), Particle Industries Inc. (US), HQSoftware (Harju), Clearblade (US), Ayla Networks Inc. (US), Losant IoT (US), IoT Factory (Belgium), Oxagile (US), Portainer.IO (New Zealand), Emnify (Germany), Sumatosoft (US).

Table of Contents

1            INTRODUCTION            28

1.1         STUDY OBJECTIVES      28

1.2         MARKET DEFINITION   28

1.3         STUDY SCOPE  29

1.3.1      MARKET SEGMENTATION         29

1.3.2      INCLUSIONS AND EXCLUSIONS 30

1.3.3      YEARS CONSIDERED     30

1.4         CURRENCY CONSIDERED          31

1.5         STAKEHOLDERS            31

1.6         SUMMARY OF CHANGES            32

2            RESEARCH METHODOLOGY     33

2.1         RESEARCH DATA           33

2.1.1      SECONDARY DATA       35

2.1.1.1   Key data from secondary sources     35

2.1.2      PRIMARY DATA 36

2.1.2.1   Breakup of primary interviews         36

2.1.2.2   Key primary interview participants   37

2.1.2.3   Key insights from industry experts   37

2.2         MARKET BREAKUP AND DATA TRIANGULATION           38

2.3         MARKET SIZE ESTIMATION METHODOLOGY    39

2.3.1      TOP-DOWN APPROACH             39

2.3.1.1   Supply-side analysis           39

2.3.2      BOTTOM-UP APPROACH           40

2.3.3      IOT MARKET ESTIMATION: DEMAND-SIDE ANALYSIS   40

2.4         RESEARCH ASSUMPTIONS         42

2.5         RESEARCH LIMITATIONS           42

2.6         RISK ASSESSMENT         42

3            EXECUTIVE SUMMARY 44

4            PREMIUM INSIGHTS      47

4.1         ATTRACTIVE OPPORTUNITIES FOR KEY PLAYERS IN IOT MARKET              47

4.2         IOT MARKET: TOP GROWING SEGMENTS          47

4.3         IOT MARKET, BY APPLICATION 48

4.4         IOT MARKET, BY OFFERING      48

4.5         IOT MARKET, BY FOCUS AREA  49

4.6         NORTH AMERICA: IOT MARKET, BY APPLICATION AND OFFERING              50

5            MARKET OVERVIEW AND INDUSTRY TRENDS   51

5.1         INTRODUCTION            51

5.2         MARKET DYNAMICS     51

5.2.1      DRIVERS            52

5.2.1.1   Prevalence of condition monitoring sensors   52

5.2.1.2   Merging of 5G technology with industrial edge computing         52

5.2.1.3   Safety and risk reduction    52

5.2.2      RESTRAINTS     53

5.2.2.1   Security concerns regarding vulnerability to cyberattacks           53

5.2.2.2   Privacy concerns  53

5.2.2.3   Lack of standardized technological communication protocols and interoperability              53

5.2.2.4   Challenges regarding regulatory compliances 53

5.2.3      OPPORTUNITIES           53

5.2.3.1   Improved efficiency           53

5.2.3.2   Enhanced decision-making 53

5.2.3.3   Growing demand for new business models and revenue streams 54

5.2.4      CHALLENGES   54

5.2.4.1   Data management             54

5.2.4.2   Interoperability   54

5.2.4.3   Implementation problems  54

5.3         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       54

5.4         PRICING ANALYSIS        55

5.4.1      AVERAGE PRICING ANALYSIS, BY PLATFORM    55

5.4.2      INDICATIVE PRICING ANALYSIS, BY SUBSCRIPTION TYPE          55

5.5         VALUE CHAIN ANALYSIS            57

5.6         ECOSYSTEM     58

5.7         TECHNOLOGY ANALYSIS           60

5.7.1      KEY TECHNOLOGIES    60

5.7.1.1   Low power wide area networks (LPWAN)     60

5.7.1.2   5G         60

5.7.1.3   Wi-Fi     60

5.7.2      COMPLEMENTARY TECHNOLOGIES     60

5.7.2.1   Edge computing   61

5.7.2.2   Artificial intelligence (AI) and machine learning (ML) 61

5.7.2.3   Blockchain           61

5.7.3      ADJACENT TECHNOLOGIES      61

5.7.3.1   Augmented reality (AR) and virtual reality (VR)          61

5.7.3.2   Big data analytics 61

5.7.3.3   Cybersecurity solutions      62

5.8         PATENT ANALYSIS        62

5.8.1      LIST OF MAJOR PATENTS          63

5.9         KEY CONFERENCES AND EVENTS IN 2024–2025 65

5.10       REGULATORY LANDSCAPE       66

5.10.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          66

5.10.1.1 International Telecommunication Union (ITU)           66

5.10.1.2 Internet of Things Consortium (IoTC)          66

5.10.1.3 North America     69

5.10.1.3.1            US         69

5.10.1.3.2            Canada  69

5.10.1.4 Europe  69

5.10.1.5 Asia Pacific          69

5.10.1.5.1            China     69

5.10.1.5.2            Japan     69

5.10.1.5.3            India      70

5.10.1.6 Middle East & Africa          70

5.10.1.6.1            GCC Countries    70

5.10.1.6.2            South Africa        70

5.10.1.7 Latin America      70

5.10.1.7.1            Brazil     70

5.11       TECHNOLOGY ROADMAP FOR IOT MARKET     70

5.11.1    SHORT-TERM ROADMAP (2023–2025)    70

5.11.2    MID-TERM ROADMAP (2026–2028)         70

5.11.3    LONG-TERM ROADMAP (2029–2030)      71

5.12       PORTER’S FIVE FORCES ANALYSIS         71

5.12.1    THREAT OF NEW ENTRANTS    71

5.12.2    THREAT OF SUBSTITUTES         71

5.12.3    BARGAINING POWER OF SUPPLIERS     72

5.12.4    BARGAINING POWER OF BUYERS           72

5.12.5    INTENSITY OF COMPETITIVE RIVALRY 72

5.13       KEY STAKEHOLDERS AND BUYING CRITERIA    72

5.13.1    KEY STAKEHOLDERS IN BUYING PROCESS         72

5.13.2    BUYING CRITERIA         73

5.14       EVOLUTION OF IOT SOLUTIONS           74

5.15       BEST PRACTICES IN IOT MARKET          74

5.15.1    SECURITY BY DESIGN   74

5.15.2    SCALABILITY AND INTEROPERABILITY 75

5.15.3    DATA MANAGEMENT AND ANALYTICS 75

5.15.4    COMPLIANCE AND REGULATORY CONSIDERATIONS   75

5.15.5    ROBUST ECOSYSTEM AND PARTNERSHIPS        75

5.16       CURRENT AND EMERGING BUSINESS MODELS 75

5.16.1    SUBSCRIPTION MODEL 75

5.16.2    PAY-FOR-USAGE MODEL           76

5.16.3    SERVICE MODEL            76

5.16.4    OUTCOME MODEL       76

5.16.5    ASSET-SHARING MODEL            76

5.17       TOOLS, FRAMEWORKS, AND TECHNIQUES OF IOT MARKET      76

5.18       IMPACT OF GENERATIVE AI ON IOT MARKET   77

5.18.1    TOP USE CASES AND MARKET POTENTIAL OF GENERATIVE AI 77

5.18.1.1 Key use cases       77

5.18.2    BEST PRACTICES           78

5.18.2.1 Healthcare           78

5.18.2.2 Manufacturing     78

5.18.2.3 Agriculture          78

5.18.2.4 Energy   78

5.18.3    CASE STUDIES OF GENERATIVE AI IMPLEMENTATION 79

5.18.3.1 Case Study 1: Healthcare – Remote Patient Monitoring             79

5.18.3.2 Case Study 2: Manufacturing – Predictive Maintenance             79

5.18.4    CLIENT READINESS AND IMPACT ASSESSMENT 79

5.18.4.1 Client A: Leading healthcare institution         79

5.18.4.2 Client B: Prominent manufacturing firm        80

5.18.4.3 Client C: Innovative agricultural enterprise    80

5.18.4.4 Client D: Leading automotive manufacturer  80

5.19       INVESTMENT AND FUNDING SCENARIO            80

5.20       CASE STUDY ANALYSIS 81

5.20.1    NESTLÉ LEVERAGED AWS TO UNLOCK SCALABILITY AND USE SERVERLESS ARCHITECTURE   81

5.20.2    TITAN INTERNATIONAL ENSURED BUSINESS CONTINUITY WITH ORACLE ERP CLOUD    81

5.20.3    ELECTRIC RACING ACADEMY (ERA) IMPROVED RACING EXPERIENCE AND PROVIDED REAL-TIME DATA BY DEPLOYING SOFTWARE AG’S APPLICATION INTEGRATION SOLUTION           82

5.20.4    EATON ACCELERATED INDUSTRY 4.0 TRANSFORMATION USING PTC’S FACTORY INSIGHTS AS A SERVICE FOR HIGH IMPACT     83

5.20.5    PITNEY BOWES EMBRACED INDUSTRIAL INTERNET USING GE PREDIX TO TRANSFORM ITS PRODUCTION MAIL BUSINESS       83

6            IOT MARKET, BY OFFERING      84

6.1         INTRODUCTION            85

6.1.1      OFFERING: IOT MARKET DRIVERS         85

6.2         PLATFORMS     86

6.2.1      DEVICE MANAGEMENT 88

6.2.1.1   Requirement to efficiently manage large fleets of IoT devices to drive demand              88

6.2.2      APPLICATION ENABLEMENT    89

6.2.2.1   Need for efficient handling of complex IoT deployments to drive demand              89

6.2.3      CONNECTIVITY MANAGEMENT             90

6.2.3.1   Growing demand for enhanced network performance and reduced latency to drive demand 90

6.2.4      IOT CLOUD       91

6.2.4.1   Need for enhanced performance and scalability of IoT solutions in smart cities and industrial automation to drive demand           91

6.2.5      IOT ADVANCED ANALYTICS     92

6.2.5.1   Demand for immediate, data-driven responses in infrastructure monitoring and supply chain management to drive market     92

6.3         SERVICES          93

6.3.1      PROFESSIONAL SERVICES          94

6.3.1.1   Need to ensure successful deployment of IoT solutions and delivery of intended benefits to drive demand    94

6.3.2      MANAGED SERVICES    95

6.3.2.1   Need to enhance operational efficiency, minimize downtime, and maintain up-to-date, secure IoT systems to boost demand      95

7            IOT MARKET, BY APPLICATION 97

7.1         INTRODUCTION            98

7.1.1      APPLICATION: IOT MARKET DRIVERS   98

7.2         ASSET MANAGEMENT  99

7.2.1      REQUIREMENT FOR PERFORMING PROACTIVE MAINTENANCE, OPTIMIZING ASSET UTILIZATION, AND EXTENDING ASSET LIFESPAN TO DRIVE MARKET 99

7.3         SUPPLY CHAIN MANAGEMENT 100

7.3.1      NEED TO MANAGE INVENTORY, REDUCE DELAYS, AND RESOLVE SUPPLY CHAIN DISRUPTIONS TO DRIVE MARKET         100

7.4         BUSINESS PROCESS OPTIMIZATION      101

7.4.1      NEED TO AUTOMATE ROUTINE TASKS, MONITOR REAL-TIME PERFORMANCE, AND PROVIDE ACTIONABLE INSIGHTS FOR ENHANCED EFFICIENCY AND PRODUCTIVITY TO DRIVE MARKET   101

7.5         WORKFORCE MANAGEMENT    102

7.5.1      DEMAND FOR ANALYTICS AND INSIGHTS TO BETTER MANAGE WORKFORCE, SAFETY COMPLIANCE, AND OPERATIONAL CHANGES TO DRIVE MARKET            102

7.6         EMERGENCY & INCIDENT MANAGEMENT         103

7.6.1      DEMAND FOR REAL-TIME MONITORING, AUTOMATED ALERTS, AND DATA-DRIVEN INSIGHTS TO DRIVE MARKET    103

7.7         OTHER APPLICATIONS 104

8            IOT MARKET, BY FOCUS AREA  106

8.1         INTRODUCTION            107

8.1.1      FOCUS AREA: IOT MARKET DRIVERS     108

8.2         SMART MANUFACTURING         109

8.2.1      NEED FOR SIMULATING AND PREDICTING EQUIPMENT PERFORMANCE TO DRIVE MARKET      109

8.3         SMART TRANSPORTATION/MOBILITY 110

8.3.1      DEMAND FOR EFFICIENT SELF-DRIVING CARS AND IMPROVED TRAFFIC FLOW MANAGEMENT TO DRIVE MARKET       110

8.4         SMART HEALTHCARE   111

8.4.1      NEED FOR REMOTE PATIENT MONITORING AND PERSONALIZED TREATMENT PLANS TO DRIVE MARKET            111

8.5         SMART RETAIL 112

8.5.1      INCREASING ADOPTION OF SMART SHELVES AND AUTOMATED INVENTORY SYSTEMS TO DRIVE MARKET         112

8.6         SMART CITIES  113

8.6.1      INCREASING DEPLOYMENT OF SMART TRAFFIC MANAGEMENT SYSTEMS TO REDUCE CONGESTION AND OPTIMIZE ENERGY DISTRIBUTION TO DRIVE MARKET       113

8.7         SMART BUILDING          114

8.7.1      IMPLEMENTING SMART BUILDING TECHNOLOGIES ENHANCES ENERGY EFFICIENCY AND ENVIRONMENTAL SUSTAINABILITY 114

8.8         SMART ENERGY & UTILITIES     115

8.8.1      SMART GRIDS, ADVANCED METERING INFRASTRUCTURE, AND ENERGY MANAGEMENT SYSTEMS ENHANCE GRID RELIABILITY AND ENERGY EFFICIENCY      115

8.9         SMART AGRICULTURE 116

8.9.1      GOVERNMENT INITIATIVES TO DRIVE TECHNOLOGICAL ADVANCEMENTS IN AGRICULTURE TO BOOST MARKET           116

8.10       OTHER FOCUS AREAS   116

9            IOT MARKET, BY REGION          118

9.1         INTRODUCTION            119

9.2         NORTH AMERICA          120

9.2.1      NORTH AMERICA: IOT MARKET DRIVERS          121

9.2.2      US         125

9.2.2.1   Government directives and norms to enhance IoT security and compatibility in various sectors to drive market         125

9.2.3      CANADA            128

9.2.3.1   Investment in smart city initiatives to promote adoption of IoT technologies for enhanced city living to drive market 128

9.3         EUROPE             129

9.3.1      EUROPE: IOT MARKET DRIVERS             129

9.3.2      UK         133

9.3.2.1   First country to legally mandate cybersecurity standards for IoT devices under Product Security and Telecommunications Infrastructure (PSTI) regime 133

9.3.3      GERMANY         137

9.3.3.1   IoT technologies adopted by manufacturing sector to create more efficient and flexible production processes to drive demand             137

9.3.4      FRANCE             138

9.3.4.1   Paris aims to become top smart city by 2050 through its ‘Paris Smart City 2050’ initiative 138

9.3.5      ITALY   138

9.3.5.1   Growth in IoT applications, especially in smart city and energy management projects, to drive market    138

9.3.6      SPAIN   142

9.3.6.1   Significant government investments in 5G technology to drive market     142

9.3.7      NORDICS           143

9.3.7.1   Focus on digital transformation and sustainability to improve efficiency and quality of life to drive market           143

9.3.8      REST OF EUROPE           143

9.4         ASIA PACIFIC    144

9.4.1      ASIA PACIFIC: IOT MARKET DRIVERS    144

9.4.2      CHINA  149

9.4.2.1   Investments in 5G networks and IoT infrastructure to drive market         149

9.4.3      JAPAN  152

9.4.3.1   Use of cost-effective IoT platforms in cloud that allow smaller companies to grow operations with improved connectivity options to drive demand 152

9.4.4      INDIA   153

9.4.4.1   Incentives to VC-funded startups focused on IoT technologies to promote growth in sector to drive demand   153

9.4.5      AUSTRALIA AND NEW ZEALAND            156

9.4.5.1   Applications of IoT in various industries to improve efficiency and quality of services to drive demand    156

9.4.6      SOUTH KOREA 157

9.4.6.1   Increased next-generation connectivity, with over 30% of 5G adoption, to drive market   157

9.4.7      REST OF ASIA PACIFIC  157

9.5         MIDDLE EAST & AFRICA             158

9.5.1      MIDDLE EAST & AFRICA: IOT MARKET DRIVERS             158

9.5.2      GCC COUNTRIES           162

9.5.2.1   Use of IoT for diversifying economy, advancing technology, and promoting sustainable urban development to drive market            162

9.5.2.2   UAE      166

9.5.2.2.1 Focus on IoT integration and sustainable urban development due to high internet usage and tech-savvy population to drive demand        166

9.5.2.3   KSA       166

9.5.2.3.1 Vision 2030’s strategic plan of sustainable initiatives to drive market       166

9.5.2.4   Rest of GCC Countries      170

9.5.3      SOUTH AFRICA 170

9.5.3.1   Adoption of IoT technologies demonstrates a deliberate dedication to digital transformation     170

9.5.4      REST OF MIDDLE EAST & AFRICA           170

9.6         LATIN AMERICA             171

9.6.1      LATIN AMERICA: IOT MARKET DRIVERS             171

9.6.2      BRAZIL 175

9.6.2.1   Manufacturing companies seek advantages from partnerships to eliminate obstacles to IoT implementation      175

9.6.3      MEXICO             178

9.6.3.1   Supportive regulatory environment and growing fintech ecosystem to drive market              178

9.6.4      REST OF LATIN AMERICA          179

10          COMPETITIVE LANDSCAPE       180

10.1       INTRODUCTION            180

10.2       KEY PLAYER STRATEGIES/RIGHT TO WIN          180

10.2.1    OVERVIEW OF STRATEGIES ADOPTED BY KEY IOT MARKET VENDORS              180

10.3       REVENUE ANALYSIS      181

10.4       MARKET SHARE ANALYSIS         182

10.4.1    MARKET RANKING ANALYSIS   183

10.5       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   184

10.5.1    STARS  184

10.5.2    EMERGING LEADERS    184

10.5.3    PERVASIVE PLAYERS     184

10.5.4    PARTICIPANTS 184

10.5.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      186

10.6       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          191

10.6.1    PROGRESSIVE COMPANIES       191

10.6.2    RESPONSIVE COMPANIES          191

10.6.3    DYNAMIC COMPANIES 191

10.6.4    STARTING BLOCKS       191

10.6.5    COMPETITIVE BENCHMARKING            193

10.7       COMPETITIVE SCENARIOS AND TRENDS           194

10.7.1    PRODUCT LAUNCHES  195

10.7.2    DEALS  195

10.8       BRAND/PRODUCT COMPARISON          197

10.9       COMPANY VALUATION AND FINANCIAL METRICS        198

11          COMPANY PROFILES    199

11.1       KEY PLAYERS   199

11.1.1    AMAZON WEB SERVICES, INC.   199

11.1.1.1 Business overview 199

11.1.1.2 Products/Solutions/Services offered 200

11.1.1.3 Recent developments         201

11.1.1.4 MnM view           202

11.1.1.4.1            Right to win         202

11.1.1.4.2            Strategic choices  202

11.1.1.4.3            Weaknesses and competitive threats 202

11.1.2    MICROSOFT      203

11.1.2.1 Business overview 203

11.1.2.2 Products/Solutions/Services offered 204

11.1.2.3 Recent developments         205

11.1.2.4 MnM view           206

11.1.2.4.1            Right to win         206

11.1.2.4.2            Strategic choices  206

11.1.2.4.3            Weaknesses and competitive threats 206

11.1.3    ORACLE             207

11.1.3.1 Business overview 207

11.1.3.2 Products/Solutions/Services offered 208

11.1.3.3 Recent developments         209

11.1.3.4 MnM view           209

11.1.3.4.1            Right to win         209

11.1.3.4.2            Strategic choices  210

11.1.3.4.3            Weaknesses and competitive threats 210

11.1.4    CISCO SYSTEMS, INC.    211

11.1.4.1 Business overview 211

11.1.4.2 Products/Solutions/Services offered 212

11.1.4.3 Recent developments         213

11.1.4.4 MnM view           214

11.1.4.4.1            Right to win         214

11.1.4.4.2            Strategic choices  214

11.1.4.4.3            Weaknesses and competitive threats 214

11.1.5    PTC      215

11.1.5.1 Business overview 215

11.1.5.2 Products/Solutions/Services offered 216

11.1.5.3 Recent developments         217

11.1.5.4 MnM view           217

11.1.5.4.1            Right to win         217

11.1.5.4.2            Strategic choices  217

11.1.5.4.3            Weaknesses and competitive threats 217

11.1.6    SAP       218

11.1.6.1 Business overview 218

11.1.6.2 Products/Solutions/Services offered 219

11.1.6.3 Recent developments         220

11.1.7    AVNET, INC.      221

11.1.7.1 Business overview 221

11.1.7.2 Products/Solutions/Services offered 222

11.1.7.3 Recent developments         224

11.1.8    IBM       225

11.1.8.1 Business overview 225

11.1.8.2 Products/Solutions/Services offered 226

11.1.8.3 Recent developments         227

11.1.9    GOOGLE           229

11.1.9.1 Business overview 229

11.1.9.2 Products/Solutions/Services offered 230

11.1.9.3 Recent developments         231

11.1.10  SOFTWARE AG 232

11.1.10.1             Business overview 232

11.1.10.2             Products/Solutions/Services offered 233

11.1.10.3             Recent developments         234

11.1.11  HITACHI, LTD. 235

11.1.11.1             Business overview 235

11.1.11.2             Platforms/Solutions/Services offered            236

11.1.11.3             Recent developments         237

11.1.12  TELIT CINTERION         238

11.1.13  STC       239

11.1.14  ALIBABA CLOUD           240

11.1.15  BRAINCUBE      241

11.1.16  DATADOG        242

11.1.17  BOSCH GLOBAL SOFTWARE TECHNOLOGIES GMBH     243

11.2       STARTUPS/SMES           244

11.2.1    PARTICLE INDUSTRIES, INC.     244

11.2.2    HQSOFTWARE 245

11.2.3    CLEARBLADE   246

11.2.4    AYLA NETWORKS, INC. 247

11.2.5    LOSANT IOT     248

11.2.6    IOT FACTORY   248

11.2.7    OXAGILE           249

11.2.8    PORTAINER.IO 251

11.2.9    EMNIFY              252

11.2.10  SUMATOSOFT  253

12          ADJACENT/RELATED MARKETS             254

12.1       INTRODUCTION            254

12.1.1    LIMITATIONS   254

12.2       5G IOT MARKET             254

12.2.1    MARKET DEFINITION   254

12.2.2    MARKET OVERVIEW     255

12.2.3    5G IOT MARKET, BY COMPONENT         255

12.2.4    5G IOT MARKET, BY NETWORK TYPE    256

12.3       INTRODUCTION            256

12.3.1    5G IOT MARKET, BY TYPE          256

12.3.2    5G IOT MARKET, BY END USER 257

12.3.3    5G IOT MARKET, BY REGION     258

12.4       IIOT PLATFORM MARKET          259

12.4.1    MARKET DEFINITION   259

12.4.2    MARKET OVERVIEW     259

12.4.3    IIOT PLATFORM MARKET, BY OFFERING           260

12.5       INTRODUCTION            260

12.5.1    IIOT PLATFORM MARKET, BY APPLICATION AREA        260

12.5.2    IIOT PLATFORM MANAGEMENT MARKET, BY VERTICAL            261

12.5.3    IIOT PLATFORM MANAGEMENT MARKET, BY REGION  262

13          APPENDIX         263

13.1       DISCUSSION GUIDE      263

13.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             267

13.3       CUSTOMIZATION OPTIONS      269

13.4       RELATED REPORTS       269

13.5       AUTHOR DETAILS         270

LIST OF TABLES

TABLE 1             USD EXCHANGE RATES, 2021–2023         31

TABLE 2             KEY PRIMARY INTERVIEW PARTICIPANTS         37

TABLE 3             RESEARCH ASSUMPTIONS         42

TABLE 4             RISK ASSESSMENT         43

TABLE 5             AVERAGE SELLING PRICE OF KEY PLAYERS FOR TOP TWO SOLUTIONS (USD)         55

TABLE 6             INDICATIVE PRICING LEVELS OF IOT SOLUTIONS, BY SUBSCRIPTION TYPE (USD)      56

TABLE 7             IOT MARKET: ECOSYSTEM        58

TABLE 8             IOT MARKET: DETAILED LIST OF KEY CONFERENCES AND EVENTS, 2024–2025        65

TABLE 9             NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 66

TABLE 10           EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 67

TABLE 11           ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 68

TABLE 12           REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         68

TABLE 13           PORTER’S FIVE FORCES IMPACT ON IOT MARKET         71

TABLE 14           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES           73

TABLE 15           KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES    73

TABLE 16           IOT MARKET, BY OFFERING, 2019–2023 (USD BILLION)  86

TABLE 17           IOT MARKET, BY OFFERING, 2024–2029 (USD BILLION)  86

TABLE 18           PLATFORMS: IOT MARKET, BY REGION, 2019–2023 (USD BILLION)           87

TABLE 19           PLATFORMS: IOT MARKET, BY REGION, 2024–2029 (USD BILLION)           87

TABLE 20           PLATFORMS: IOT MARKET, BY TYPE, 2019–2023 (USD BILLION)              87

TABLE 21           PLATFORMS: IOT MARKET, BY TYPE, 2024–2029 (USD BILLION)              88

TABLE 22           DEVICE MANAGEMENT: IOT MARKET, BY REGION, 2019–2023 (USD BILLION) 88

TABLE 23           DEVICE MANAGEMENT: IOT MARKET, BY REGION, 2024–2029 (USD BILLION) 89

TABLE 24           APPLICATION ENABLEMENT: IOT MARKET, BY REGION, 2019–2023 (USD BILLION)      89

TABLE 25           APPLICATION ENABLEMENT: IOT MARKET, BY REGION, 2024–2029 (USD BILLION)      90

TABLE 26           CONNECTIVITY MANAGEMENT: IOT MARKET, BY REGION,

2019–2023 (USD BILLION)           90

TABLE 27           CONNECTIVITY MANAGEMENT: IOT MARKET, BY REGION,

2024–2029 (USD BILLION)           91

TABLE 28           IOT CLOUD: IOT MARKET, BY REGION, 2019–2023 (USD BILLION)           91

TABLE 29           IOT CLOUD: IOT MARKET, BY REGION, 2024–2029 (USD BILLION)           92

TABLE 30           IOT ADVANCED ANALYTICS: IOT MARKET, BY REGION, 2019–2023 (USD BILLION)      92

TABLE 31           IOT ADVANCED ANALYTICS: IOT MARKET, BY REGION, 2024–2029 (USD BILLION)      93

TABLE 32           SERVICES: IOT MARKET, BY REGION, 2019–2023 (USD BILLION)              93

TABLE 33           SERVICES: IOT MARKET, BY REGION, 2024–2029 (USD BILLION)              94

TABLE 34           SERVICES: IOT MARKET, BY TYPE, 2019–2023 (USD BILLION)              94

TABLE 35           SERVICES: IOT MARKET, BY TYPE, 2024–2029 (USD BILLION)              94

TABLE 36           PROFESSIONAL SERVICES: IOT MARKET, BY REGION, 2019–2023 (USD BILLION) 95

TABLE 37           PROFESSIONAL SERVICES: IOT MARKET, BY REGION, 2024–2029 (USD BILLION) 95

TABLE 38           MANAGED SERVICES: IOT MARKET, BY REGION, 2019–2023 (USD BILLION) 96

TABLE 39           MANAGED SERVICES: IOT MARKET, BY REGION, 2024–2029 (USD BILLION) 96

TABLE 40           IOT MARKET, BY APPLICATION, 2019–2023 (USD BILLION)              99

TABLE 41           IOT MARKET, BY APPLICATION, 2024–2029 (USD BILLION)              99

TABLE 42           ASSET MANAGEMENT: IOT MARKET, BY REGION, 2019–2023 (USD BILLION) 100

TABLE 43           ASSET MANAGEMENT: IOT MARKET, BY REGION, 2024–2029 (USD BILLION) 100

TABLE 44           SUPPLY CHAIN MANAGEMENT: IOT MARKET, BY REGION,

2019–2023 (USD BILLION)           101

TABLE 45           SUPPLY CHAIN MANAGEMENT: IOT MARKET, BY REGION,

2024–2029 (USD BILLION)           101

TABLE 46           BUSINESS PROCESS OPTIMIZATION: IOT MARKET, BY REGION,

2019–2023 (USD BILLION)           102

TABLE 47           BUSINESS PROCESS OPTIMIZATION: IOT MARKET, BY REGION,

2024–2029 (USD BILLION)           102

TABLE 48           WORKFORCE MANAGEMENT: IOT MARKET, BY REGION,

2019–2023 (USD BILLION)           103

TABLE 49           WORKFORCE MANAGEMENT: IOT MARKET, BY REGION,

2024–2029 (USD BILLION)           103

TABLE 50           EMERGENCY & INCIDENT MANAGEMENT: IOT MARKET, BY REGION,

2019–2023 (USD BILLION)           104

TABLE 51           EMERGENCY & INCIDENT MANAGEMENT: IOT MARKET, BY REGION,

2024–2029 (USD BILLION)           104

TABLE 52           OTHER APPLICATIONS: IOT MARKET, BY REGION, 2019–2023 (USD BILLION) 105

TABLE 53           OTHER APPLICATIONS: IOT MARKET, BY REGION, 2024–2029 (USD BILLION) 105

TABLE 54           IOT MARKET, BY FOCUS AREA, 2019–2023 (USD BILLION)              108

TABLE 55           IOT MARKET, BY FOCUS AREA, 2024–2029 (USD BILLION)              108

TABLE 56           SMART MANUFACTURING: IOT MARKET, BY REGION, 2019–2023 (USD BILLION)      109

TABLE 57           SMART MANUFACTURING: IOT MARKET, BY REGION, 2024–2029 (USD BILLION)      109

TABLE 58           SMART TRANSPORTATION/MOBILITY: IOT MARKET, BY REGION,

2019–2023 (USD BILLION)           110

TABLE 59           SMART TRANSPORTATION/MOBILITY: IOT MARKET, BY REGION,

2024–2029 (USD BILLION)           110

TABLE 60           SMART HEALTHCARE: IOT MARKET, BY REGION, 2019–2023 (USD BILLION) 111

TABLE 61           SMART HEALTHCARE: IOT MARKET, BY REGION, 2024–2029 (USD BILLION) 111

TABLE 62           SMART RETAIL: IOT MARKET, BY REGION, 2019–2023 (USD BILLION)           112

TABLE 63           SMART RETAIL: IOT MARKET, BY REGION, 2024–2029 (USD BILLION)           112

TABLE 64           SMART CITIES: IOT MARKET, BY REGION, 2019–2023 (USD BILLION)           113

TABLE 65           SMART CITIES: IOT MARKET, BY REGION, 2024–2029 (USD BILLION)           113

TABLE 66           SMART BUILDING: IOT MARKET, BY REGION, 2019–2023 (USD BILLION)           114

TABLE 67           SMART BUILDING: IOT MARKET, BY REGION, 2024–2029 (USD BILLION)           114

TABLE 68           SMART ENERGY & UTILITIES: IOT MARKET, BY REGION, 2019–2023 (USD BILLION)      115

TABLE 69           SMART ENERGY & UTILITIES: IOT MARKET, BY REGION, 2024–2029 (USD BILLION)      115

TABLE 70           SMART AGRICULTURE: IOT MARKET, BY REGION, 2019–2023 (USD BILLION) 116

TABLE 71           SMART AGRICULTURE: IOT MARKET, BY REGION, 2024–2029 (USD BILLION) 116

TABLE 72           OTHER FOCUS AREAS: IOT MARKET, BY REGION, 2019–2023 (USD BILLION) 117

TABLE 73           OTHER FOCUS AREAS: IOT MARKET, BY REGION, 2024–2029 (USD BILLION) 117

TABLE 74           IOT MARKET, BY REGION, 2019–2023 (USD BILLION)      120

TABLE 75           IOT MARKET, BY REGION, 2024–2029 (USD BILLION)      120

TABLE 76           NORTH AMERICA: IOT MARKET, BY OFFERING, 2019–2023 (USD BILLION)           122

TABLE 77           NORTH AMERICA: IOT MARKET, BY OFFERING, 2024–2029 (USD BILLION)           122

TABLE 78           NORTH AMERICA: IOT MARKET, BY PLATFORM, 2019–2023 (USD BILLION) 122

TABLE 79           NORTH AMERICA: IOT MARKET, BY PLATFORM, 2024–2029 (USD BILLION) 122

TABLE 80           NORTH AMERICA: IOT MARKET, BY SERVICE, 2019–2023 (USD BILLION)           123

TABLE 81           NORTH AMERICA: IOT MARKET, BY SERVICE, 2024–2029 (USD BILLION)           123

TABLE 82           NORTH AMERICA: IOT MARKET, BY FOCUS AREA, 2019–2023 (USD BILLION) 123

TABLE 83           NORTH AMERICA: IOT MARKET, BY FOCUS AREA, 2024–2029 (USD BILLION) 124

TABLE 84           NORTH AMERICA: IOT MARKET, BY APPLICATION, 2019–2023 (USD BILLION) 124

TABLE 85           NORTH AMERICA: IOT MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 124

TABLE 86           NORTH AMERICA: IOT MARKET, BY COUNTRY, 2019–2023 (USD BILLION)           125

TABLE 87           NORTH AMERICA: IOT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)           125

TABLE 88           US: IOT MARKET, BY OFFERING, 2019–2023 (USD BILLION)              125

TABLE 89           US: IOT MARKET, BY OFFERING, 2024–2029 (USD BILLION)              126

TABLE 90           US: IOT MARKET, BY PLATFORM, 2019–2023 (USD BILLION)              126

TABLE 91           US: IOT MARKET, BY PLATFORM, 2024–2029 (USD BILLION)              126

TABLE 92           US: IOT MARKET, BY SERVICE, 2019–2023 (USD BILLION)              126

TABLE 93           US: IOT MARKET, BY SERVICE, 2024–2029 (USD BILLION)              127

TABLE 94           US: IOT MARKET, BY FOCUS AREA, 2019–2023 (USD BILLION)              127

TABLE 95           US: IOT MARKET, BY FOCUS AREA, 2024–2029 (USD BILLION)              127

TABLE 96           US: IOT MARKET, BY APPLICATION, 2019–2023 (USD BILLION)              128

TABLE 97           US: IOT MARKET, BY APPLICATION, 2024–2029 (USD BILLION)              128

TABLE 98           EUROPE: IOT MARKET, BY OFFERING, 2019–2023 (USD BILLION)           130

TABLE 99           EUROPE: IOT MARKET, BY OFFERING, 2024–2029 (USD BILLION)           130

TABLE 100         EUROPE: IOT MARKET, BY PLATFORM, 2019–2023 (USD BILLION)           130

TABLE 101         EUROPE: IOT MARKET, BY PLATFORM, 2024–2029 (USD BILLION)           130

TABLE 102         EUROPE: IOT MARKET, BY SERVICE, 2019–2023 (USD BILLION)              131

TABLE 103         EUROPE: IOT MARKET, BY SERVICE, 2024–2029 (USD BILLION)              131

TABLE 104         EUROPE: IOT MARKET, BY FOCUS AREA, 2019–2023 (USD BILLION)           131

TABLE 105         EUROPE: IOT MARKET, BY FOCUS AREA, 2024–2029 (USD BILLION)           132

TABLE 106         EUROPE: IOT MARKET, BY APPLICATION, 2019–2023 (USD BILLION)           132

TABLE 107         EUROPE: IOT MARKET, BY APPLICATION, 2024–2029 (USD BILLION)           132

TABLE 108         EUROPE: IOT MARKET, BY COUNTRY, 2019–2023 (USD BILLION)           133

TABLE 109         EUROPE: IOT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)           133

TABLE 110         UK: IOT MARKET, BY OFFERING, 2019–2023 (USD BILLION)              134

TABLE 111         UK: IOT MARKET, BY OFFERING, 2024–2029 (USD BILLION)              134

TABLE 112         UK: IOT MARKET, BY PLATFORM, 2019–2023 (USD BILLION)              134

TABLE 113         UK: IOT MARKET, BY PLATFORM, 2024–2029 (USD BILLION)              135

TABLE 114         UK: IOT MARKET, BY SERVICE, 2019–2023 (USD BILLION)              135

TABLE 115         UK: IOT MARKET, BY SERVICE, 2024–2029 (USD BILLION)              135

TABLE 116         UK: IOT MARKET, BY FOCUS AREA, 2019–2023 (USD BILLION)              136

TABLE 117         UK: IOT MARKET, BY FOCUS AREA, 2024–2029 (USD BILLION)              136

TABLE 118         UK: IOT MARKET, BY APPLICATION, 2019–2023 (USD BILLION)              137

TABLE 119         UK: IOT MARKET, BY APPLICATION, 2024–2029 (USD BILLION)              137

TABLE 120         ITALY: IOT MARKET, BY OFFERING, 2019–2023 (USD BILLION)              139

TABLE 121         ITALY: IOT MARKET, BY OFFERING, 2024–2029 (USD BILLION)              139

TABLE 122         ITALY: IOT MARKET, BY PLATFORM, 2019–2023 (USD BILLION)              139

TABLE 123         ITALY: IOT MARKET, BY PLATFORM, 2024–2029 (USD BILLION)              140

TABLE 124         ITALY: IOT MARKET, BY SERVICE, 2019–2023 (USD BILLION)              140

TABLE 125         ITALY: IOT MARKET, BY SERVICE, 2024–2029 (USD BILLION)              140

TABLE 126         ITALY: IOT MARKET, BY FOCUS AREA, 2019–2023 (USD BILLION)           141

TABLE 127         ITALY: IOT MARKET, BY FOCUS AREA, 2024–2029 (USD BILLION)           141

TABLE 128         ITALY: IOT MARKET, BY APPLICATION, 2019–2023 (USD BILLION)           142

TABLE 129         ITALY: IOT MARKET, BY APPLICATION, 2024–2029 (USD BILLION)           142

TABLE 130         ASIA PACIFIC: IOT MARKET, BY OFFERING, 2019–2023 (USD BILLION)           145

TABLE 131         ASIA PACIFIC: IOT MARKET, BY OFFERING, 2024–2029 (USD BILLION)           146

TABLE 132         ASIA PACIFIC: IOT MARKET, BY PLATFORM, 2019–2023 (USD BILLION)           146

TABLE 133         ASIA PACIFIC: IOT MARKET, BY PLATFORM, 2024–2029 (USD BILLION)           146

TABLE 134         ASIA PACIFIC: IOT MARKET, BY SERVICE, 2019–2023 (USD BILLION)           146

TABLE 135         ASIA PACIFIC: IOT MARKET, BY SERVICE, 2024–2029 (USD BILLION)           147

TABLE 136         ASIA PACIFIC: IOT MARKET, BY FOCUS AREA, 2019–2023 (USD BILLION)           147

TABLE 137         ASIA PACIFIC: IOT MARKET, BY FOCUS AREA, 2024–2029 (USD BILLION)           147

TABLE 138         ASIA PACIFIC: IOT MARKET, BY APPLICATION, 2019–2023 (USD BILLION)           148

TABLE 139         ASIA PACIFIC: IOT MARKET, BY APPLICATION, 2024–2029 (USD BILLION)           148

TABLE 140         ASIA PACIFIC: IOT MARKET, BY COUNTRY, 2019–2023 (USD BILLION)           148

TABLE 141         ASIA PACIFIC: IOT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)           149

TABLE 142         CHINA: IOT MARKET, BY OFFERING, 2019–2023 (USD BILLION)              149

TABLE 143         CHINA: IOT MARKET, BY OFFERING, 2024–2029 (USD BILLION)              150

TABLE 144         CHINA: IOT MARKET, BY PLATFORM, 2019–2023 (USD BILLION)              150

TABLE 145         CHINA: IOT MARKET, BY PLATFORM, 2024–2029 (USD BILLION)              150

TABLE 146         CHINA: IOT MARKET, BY SERVICE, 2019–2023 (USD BILLION)              150

TABLE 147         CHINA: IOT MARKET, BY SERVICE, 2024–2029 (USD BILLION)              151

TABLE 148         CHINA: IOT MARKET, BY FOCUS AREA, 2019–2023 (USD BILLION)           151

TABLE 149         CHINA: IOT MARKET, BY FOCUS AREA, 2024–2029 (USD BILLION)           151

TABLE 150         CHINA: IOT MARKET, BY APPLICATION, 2019–2023 (USD BILLION)           152

TABLE 151         CHINA: IOT MARKET, BY APPLICATION, 2024–2029 (USD BILLION)           152

TABLE 152         INDIA: IOT MARKET, BY OFFERING, 2019–2023 (USD BILLION)              153

TABLE 153         INDIA: IOT MARKET, BY OFFERING, 2024–2029 (USD BILLION)              153

TABLE 154         INDIA: IOT MARKET, BY PLATFORM, 2019–2023 (USD BILLION)              154

TABLE 155         INDIA: IOT MARKET, BY PLATFORM, 2024–2029 (USD BILLION)              154

TABLE 156         INDIA: IOT MARKET, BY SERVICE, 2019–2023 (USD BILLION)              154

TABLE 157         INDIA: IOT MARKET, BY SERVICE, 2024–2029 (USD BILLION)              154

TABLE 158         INDIA: IOT MARKET, BY FOCUS AREA, 2019–2023 (USD BILLION)           155

TABLE 159         INDIA: IOT MARKET, BY FOCUS AREA, 2024–2029 (USD BILLION)           155

TABLE 160         INDIA: IOT MARKET, BY APPLICATION, 2019–2023 (USD BILLION)           156

TABLE 161         INDIA: IOT MARKET, BY APPLICATION, 2024–2029 (USD BILLION)           156

TABLE 162         MIDDLE EAST & AFRICA: IOT MARKET, BY OFFERING, 2019–2023 (USD BILLION)      158

TABLE 163         MIDDLE EAST & AFRICA: IOT MARKET, BY OFFERING, 2024–2029 (USD BILLION)      158

TABLE 164         MIDDLE EAST & AFRICA: IOT MARKET, BY PLATFORM, 2019–2023 (USD BILLION)      159

TABLE 165         MIDDLE EAST & AFRICA: IOT MARKET, BY PLATFORM, 2024–2029 (USD BILLION)      159

TABLE 166         MIDDLE EAST & AFRICA: IOT MARKET, BY SERVICE, 2019–2023 (USD BILLION) 159

TABLE 167         MIDDLE EAST & AFRICA: IOT MARKET, BY SERVICE, 2024–2029 (USD BILLION) 159

TABLE 168         MIDDLE EAST & AFRICA: IOT MARKET, BY FOCUS AREA, 2019–2023 (USD BILLION)      160

TABLE 169         MIDDLE EAST & AFRICA: IOT MARKET, BY FOCUS AREA, 2024–2029 (USD BILLION)      160

TABLE 170         MIDDLE EAST & AFRICA: IOT MARKET, BY APPLICATION,

2019–2023 (USD BILLION)           161

TABLE 171         MIDDLE EAST & AFRICA: IOT MARKET, BY APPLICATION,

2024–2029 (USD BILLION)           161

TABLE 172         MIDDLE EAST & AFRICA: IOT MARKET, BY COUNTRY, 2019–2023 (USD BILLION)      161

TABLE 173         MIDDLE EAST & AFRICA: IOT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)      162

TABLE 174         GCC COUNTRIES: IOT MARKET, BY OFFERING, 2019–2023 (USD BILLION)           162

TABLE 175         GCC COUNTRIES: IOT MARKET, BY OFFERING, 2024–2029 (USD BILLION)           163

TABLE 176         GCC COUNTRIES: IOT MARKET, BY PLATFORM, 2019–2023 (USD BILLION) 163

TABLE 177         GCC COUNTRIES: IOT MARKET, BY PLATFORM, 2024–2029 (USD BILLION) 163

TABLE 178         GCC COUNTRIES: IOT MARKET, BY SERVICE, 2019–2023 (USD BILLION)           163

TABLE 179         GCC COUNTRIES: IOT MARKET, BY SERVICE, 2024–2029 (USD BILLION)           164

TABLE 180         GCC COUNTRIES: IOT MARKET, BY FOCUS AREA, 2019–2023 (USD BILLION) 164

TABLE 181         GCC COUNTRIES: IOT MARKET, BY FOCUS AREA, 2024–2029 (USD BILLION) 164

TABLE 182         GCC COUNTRIES: IOT MARKET, BY APPLICATION, 2019–2023 (USD BILLION) 165

TABLE 183         GCC COUNTRIES: IOT MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 165

TABLE 184         GCC COUNTRIES: IOT MARKET, BY COUNTRY, 2019–2023 (USD BILLION)           165

TABLE 185         GCC COUNTRIES: IOT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)           166

TABLE 186         KSA: IOT MARKET, BY OFFERING, 2019–2023 (USD BILLION)              167

TABLE 187         KSA: IOT MARKET, BY OFFERING, 2024–2029 (USD BILLION)              167

TABLE 188         KSA: IOT MARKET, BY PLATFORM, 2019–2023 (USD BILLION)              167

TABLE 189         KSA: IOT MARKET, BY PLATFORM, 2024–2029 (USD BILLION)              167

TABLE 190         KSA: IOT MARKET, BY SERVICE, 2019–2023 (USD BILLION)              168

TABLE 191         KSA: IOT MARKET, BY SERVICE, 2024–2029 (USD BILLION)              168

TABLE 192         KSA: IOT MARKET, BY FOCUS AREA, 2019–2023 (USD BILLION)              168

TABLE 193         KSA: IOT MARKET, BY FOCUS AREA, 2024–2029 (USD BILLION)              169

TABLE 194         KSA: IOT MARKET, BY APPLICATION, 2019–2023 (USD BILLION)              169

TABLE 195         KSA: IOT MARKET, BY APPLICATION, 2024–2029 (USD BILLION)              169

TABLE 196         LATIN AMERICA: IOT MARKET, BY OFFERING, 2019–2023 (USD BILLION)           171

TABLE 197         LATIN AMERICA: IOT MARKET, BY OFFERING, 2024–2029 (USD BILLION)           172

TABLE 198         LATIN AMERICA: IOT MARKET, BY PLATFORM, 2019–2023 (USD BILLION)           172

TABLE 199         LATIN AMERICA: IOT MARKET, BY PLATFORM, 2024–2029 (USD BILLION)           172

TABLE 200         LATIN AMERICA: IOT MARKET, BY SERVICE, 2019–2023 (USD BILLION)           172

TABLE 201         LATIN AMERICA: IOT MARKET, BY SERVICE, 2024–2029 (USD BILLION)           173

TABLE 202         LATIN AMERICA: IOT MARKET, BY FOCUS AREA, 2019–2023 (USD BILLION) 173

TABLE 203         LATIN AMERICA: IOT MARKET, BY FOCUS AREA, 2024–2029 (USD BILLION) 173

TABLE 204         LATIN AMERICA: IOT MARKET, BY APPLICATION, 2019–2023 (USD BILLION) 174

TABLE 205         LATIN AMERICA: IOT MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 174

TABLE 206         LATIN AMERICA: IOT MARKET, BY COUNTRY, 2019–2023 (USD BILLION)           174

TABLE 207         LATIN AMERICA: IOT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)           175

TABLE 208         BRAZIL: IOT MARKET, BY OFFERING, 2019–2023 (USD BILLION)              175

TABLE 209         BRAZIL: IOT MARKET, BY OFFERING, 2024–2029 (USD BILLION)              175

TABLE 210         BRAZIL: IOT MARKET, BY PLATFORM, 2019–2023 (USD BILLION)           176

TABLE 211         BRAZIL: IOT MARKET, BY PLATFORM, 2024–2029 (USD BILLION)           176

TABLE 212         BRAZIL: IOT MARKET, BY SERVICE, 2019–2023 (USD BILLION)              176

TABLE 213         BRAZIL: IOT MARKET, BY SERVICE, 2024–2029 (USD BILLION)              176

TABLE 214         BRAZIL: IOT MARKET, BY FOCUS AREA, 2019–2023 (USD BILLION)           177

TABLE 215         BRAZIL: IOT MARKET, BY FOCUS AREA, 2024–2029 (USD BILLION)           177

TABLE 216         BRAZIL: IOT MARKET, BY APPLICATION, 2019–2023 (USD BILLION)           178

TABLE 217         BRAZIL: IOT MARKET, BY APPLICATION, 2024–2029 (USD BILLION)           178

TABLE 218         IOT MARKET: DEGREE OF COMPETITION          182

TABLE 219         OFFERING FOOTPRINT 187

TABLE 220         APPLICATION FOOTPRINT       188

TABLE 221         FOCUS AREA FOOTPRINT          189

TABLE 222         REGIONAL FOOTPRINT             190

TABLE 223         IOT MARKET: KEY STARTUPS/SMES      193

TABLE 224         IOT MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES           194

TABLE 225         IOT MARKET: PRODUCT LAUNCHES, MARCH 2023–JUNE 2024              195

TABLE 226         IOT MARKET: DEALS, JULY 2023–JUNE 2024        195

TABLE 227         AMAZON WEB SERVICES, INC.: COMPANY OVERVIEW   199

TABLE 228         AMAZON WEB SERVICES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   200

TABLE 229         AMAZON WEB SERVICES, INC.: DEALS   201

TABLE 230         MICROSOFT: COMPANY OVERVIEW      203

TABLE 231         MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED              204

TABLE 232         MICROSOFT: PRODUCT LAUNCHES      205

TABLE 233         MICROSOFT: DEALS      205

TABLE 234         ORACLE: COMPANY OVERVIEW             207

TABLE 235         ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 208

TABLE 236         ORACLE: DEALS             209

TABLE 237         CISCO SYSTEMS, INC.: COMPANY OVERVIEW    211

TABLE 238         CISCO SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          212

TABLE 239         CISCO SYSTEMS, INC.: DEALS    213

TABLE 240         PTC: COMPANY OVERVIEW       215

TABLE 241         PTC: PRODUCTS/SOLUTIONS/SERVICES OFFERED        216

TABLE 242         PTC: DEALS      217

TABLE 243         SAP: COMPANY OVERVIEW       218

TABLE 244         SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED        219

TABLE 245         SAP: DEALS       220

TABLE 246         AVNET, INC.: COMPANY OVERVIEW      221

TABLE 247         AVNET, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED              222

TABLE 248         AVNET, INC.: DEALS      224

TABLE 249         IBM: COMPANY OVERVIEW       225

TABLE 250         IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED        226

TABLE 251         IBM: DEALS       227

TABLE 252         GOOGLE: COMPANY OVERVIEW            229

TABLE 253         GOOGLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED              230

TABLE 254         GOOGLE: DEALS            231

TABLE 255         SOFTWARE AG: COMPANY OVERVIEW  232

TABLE 256         SOFTWARE AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED              233

TABLE 257         SOFTWARE AG: PRODUCT LAUNCHES  234

TABLE 258         SOFTWARE AG: DEALS 234

TABLE 259         HITACHI, LTD.: COMPANY OVERVIEW  235

TABLE 260         HITACHI, LTD.: DEALS 237

TABLE 261         5G IOT MARKET, BY COMPONENT, 2020–2028 (USD MILLION)              255

TABLE 262         5G IOT MARKET, BY NETWORK TYPE, 2020–2028 (USD MILLION)          256

TABLE 263         5G IOT MARKET, BY ORGANIZATION SIZE, 2020–2028 (USD MILLION)          256

TABLE 264         5G IOT MARKET, BY TYPE, 2020–2028 (USD MILLION)    257

TABLE 265         5G IOT MARKET, BY END USER, 2020–2028 (USD MILLION)              258

TABLE 266         5G IOT MARKET, BY REGION, 2020–2028 (USD MILLION)              259

TABLE 267         IIOT PLATFORM MARKET, BY OFFERING, 2018–2022 (USD MILLION)          260

TABLE 268         IIOT PLATFORM MARKET, BY OFFERING, 2023–2028 (USD MILLION)          260

TABLE 269         IIOT PLATFORM MARKET, BY APPLICATION AREA, 2018–2022 (USD MILLION) 261

TABLE 270         IIOT PLATFORM MARKET, BY APPLICATION AREA, 2023–2028 (USD MILLION) 261

TABLE 271         IIOT PLATFORM MARKET, BY VERTICAL, 2018–2022 (USD MILLION)          261

TABLE 272         IIOT PLATFORM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)          262

TABLE 273         IIOT PLATFORM MARKET, BY REGION, 2018–2022 (USD MILLION)          262

TABLE 274         IIOT PLATFORM MARKET, BY REGION, 2023–2028 (USD MILLION)          262

LIST OF FIGURES

FIGURE 1           IOT MARKET: RESEARCH DESIGN          34

FIGURE 2           BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION,

AND REGION    36

FIGURE 3           DATA TRIANGULATION             38

FIGURE 4           TOP-DOWN APPROACH             39

FIGURE 5           MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1 (SUPPLY SIDE): REVENUE OF VENDORS IN IOT MARKET            39

FIGURE 6           BOTTOM-UP APPROACH           40

FIGURE 7           MARKET SIZE ESTIMATION METHODOLOGY: DEMAND-SIDE ANALYSIS          40

FIGURE 8           BOTTOM-UP (SUPPLY SIDE) ANALYSIS: COLLECTIVE REVENUE FROM PLATFORM/SERVICES OF IOT MARKET            41

FIGURE 9           IOT MARKET TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD       45

FIGURE 10         IOT MARKET: REGIONAL SNAPSHOT    45

FIGURE 11         PROLIFERATION OF CONNECTED DEVICES AND ADVANCEMENTS IN WIRELESS COMMUNICATION TECHNOLOGIES DRIVE IOT MARKET            47

FIGURE 12         TOP GROWING SEGMENTS IN 2024        47

FIGURE 13         ASSET MANAGEMENT SEGMENT TO ACCOUNT FOR LARGEST

MARKET SHARE IN 2024 48

FIGURE 14         PLATFORMS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2024  48

FIGURE 15         SMART MANUFACTURING SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024          49

FIGURE 16         ASSET MANAGEMENT AND PLATFORMS SEGMENTS TO HOLD SIGNIFICANT MARKET SHARES IN 2024 50

FIGURE 17         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: IOT MARKET    52

FIGURE 18         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS              54

FIGURE 19         AVERAGE SELLING PRICE TREND OF KEY PLAYERS

FOR TOP TWO PLATFORMS (USD)        55

FIGURE 20         IOT MARKET: VALUE CHAIN ANALYSIS 57

FIGURE 21         KEY PLAYERS IN IOT MARKET ECOSYSTEM       59

FIGURE 22         LIST OF MAJOR PATENTS FOR IOT         62

FIGURE 23         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES           72

FIGURE 24         KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES    73

FIGURE 25         EVOLUTION OF IOT SOLUTIONS           74

FIGURE 26         MARKET POTENTIAL OF GENERATIVE AI IN ENHANCING IOT ACROSS INDUSTRIES    77

FIGURE 27         GENERATIVE AI BEST PRACTICES ACROSS MAJOR INDUSTRIES              78

FIGURE 28         INVESTMENT AND FUNDING SCENARIO            80

FIGURE 29         SERVICES SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD       85

FIGURE 30         EMERGENCY & INCIDENT MANAGEMENT SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 98

FIGURE 31         SMART MANUFACTURING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD     107

FIGURE 32         NORTH AMERICA: IOT MARKET SNAPSHOT      121

FIGURE 33         ASIA PACIFIC: IOT MARKET SNAPSHOT 145

FIGURE 34         REVENUE ANALYSIS FOR KEY COMPANIES IN PAST 5 YEARS              181

FIGURE 35         SHARE OF LEADING COMPANIES IN IOT MARKET, 2023 182

FIGURE 36         MARKET RANKING ANALYSIS OF TOP 5 PLAYERS           183

FIGURE 37         IOT MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 185

FIGURE 38         OVERALL COMPANY FOOTPRINT          186

FIGURE 39         IOT MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023             192

FIGURE 40         BRAND/PRODUCT COMPARISON          197

FIGURE 41         FINANCIAL METRICS OF KEY IOT MARKET VENDORS   198

FIGURE 42         COMPANY VALUATION OF KEY IOT MARKET VENDORS              198

FIGURE 43         AMAZON WEB SERVICES, INC.: COMPANY SNAPSHOT   200

FIGURE 44         MICROSOFT: COMPANY SNAPSHOT      204

FIGURE 45         ORACLE: COMPANY SNAPSHOT             208

FIGURE 46         CISCO SYSTEMS, INC.: COMPANY SNAPSHOT    212

FIGURE 47         PTC: COMPANY SNAPSHOT      216

FIGURE 48         SAP: COMPANY SNAPSHOT       219

FIGURE 49         AVNET, INC.: COMPANY SNAPSHOT      222

FIGURE 50         IBM: COMPANY SNAPSHOT       226

FIGURE 51         GOOGLE: COMPANY SNAPSHOT            230

FIGURE 52         SOFTWARE AG: COMPANY SNAPSHOT 233

FIGURE 53         HITACHI, LTD.: COMPANY SNAPSHOT 236