Global Internet of Things (IoT) Market Size was Valued at USD 164 Billion in 2018 and is Expected to Grow at a CAGR of 38.62% by 2025 | Valuates Reports
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There are already tens of billions of these IoT connected devices around the world and this number is expected to increase as the IoT market continues to expand.
The introduction and evolution of IPv6 along with high-speed internet connectivity is predicted to drive the organizations demand for connected technologies.
Such technologies exchange data and information to give consumers added convenience, and even allow users to automate basic processes. This emergence of automation technology in various sectors, including manufacturing, has led to increased adoption of IoT and has created a huge growth potential.
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TRENDS INFLUENCING THE IOT MARKET SHARE
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REGION WISE MARKET GROWTH ANALYSIS
Throughout advanced economies, IoT applications are becoming ever more widespread. According to the IoT market report:
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SEGMENTS IN IoT MARKET BASED ON TYPE
The layer of perception is the lowest layer on conventional IoT architecture. The main responsibility of this layer is to collect and transform useful information/data from things or the environment into a digital setup.
Network layer represents an abstraction layer of an entity. The abstraction layer of the object serves as a network layer between the management of the service and the layer of the object.
This layer provides customized services based on relevant user needs. The main responsibility of this layer is to link the gap between the users and the applications. The IoT layer brings the industry together to achieve high-level smart application-type solutions such as disaster control, health monitoring, transposition, wealth, medical and ecological climate, and managed global management applicable to all smart based applications.
LIST OF COMPANIES COVERED IN THE REPORT:
IoT Market Segment By Application
THE STUDY OBJECTIVES OF GLOBAL IOT MARKET REPORT ARE
Key Stakeholders
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REPORTS RELATED TO THE SUBSET OF IoT MARKET
GLOBAL IoT ANALYTICS MARKET
In 2018, the Global IoT Analytics market size was 8287 million US$ and it is expected to grow with a CAGR of 28.86% between 2018 and 2025.
The key factors driving the IoT analytics market is the massive increase in the data generated by IoT devices. This tremendous growth in the number of IoT devices creates a need for advanced analytics and automation, thereby impacting the IoT analytics market growth.
Global IoT Analytics market report explores the global competitive landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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GLOBAL INTERNET OF THINGS (IoT) SECURITY
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The Global Security Market Size of the Internet of Things (IoT) was US$ 8930 million in 2018 and is expected to grow with a CAGR of 33.81 per cent in 2019-2025.
In Internet of Things (IoT) security market, the United States has the largest global export quantity and manufacturers, while Europe is the second-largest in terms of sale volume.
Further with respect to market players, Cisco Systems earns the most in the industry while Intel Corporation and IBM Corporation are expected to closely follow. The respective market share of Cisco Systems, Intel corporation and IBM are 9.30 percent, 5.86 percent and 4.96 percent in 2016.
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GLOBAL IoT PLATFORMS MARKET
The global market size of IoT Platforms was US$ 1340 million in 2017 and is expected to reach USD 9960 million by the end of 2025, with a CAGR of 28.5 per cent between 2018 and 2025.
PTC (ThingWorx), Cisco (Jasper), and Microsoft won the top three IoT Platforms revenue share spots in 2016. PTC (ThingWorx) dominated with revenue share of 7.92 percent, followed by Cisco (Jasper) with revenue share of 7.44 percent and Microsoft with revenue share of 4.77 percent.
Despite the presence of high competition, investors are still optimistic about this area due to the clear global recovery trend and need for more advanced communication platforms, middleware which facilitate seamless integration of devices, networks and applications to maintain the increasingly complex IoT solutions. This in turn drives the IoT platform market growth.
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GLOBAL SATELLITE M2M AND IoT NETWORK MARKET
Due to the increasing demand for fast and flexible wireless communication across various industries, such as transportation and logistics, natural resources, heavy industries, aviation and government and military, the global satellite M2M and IoT network market is expected to see significant growth over the forecast period 2018-2025.
In 2018, the Global Satellite M2M and IoT Network market size was 654 million US$ and it is expected to grow with a CAGR of 30.22% between 2018 and 2025.
The growing need for secure and high-speed wireless communication and the increasing demand for greater flexibility at low cost are some of the key drivers for the growth of the global market for M2M satellite and IoT networks.
This report analyses the landscape of global market competition, market drivers and trends, opportunities and challenges, risks and barriers to entry, sales channels, distributors and Porter's Five Forces Analysis.
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GLOBAL IoT OPERATING SYSTEMS MARKET
In 2018, the Global IoT Operating Systems market size was US$ 393million and it is expected to grow with a CAGR of 36.64% between 2018 and 2025.
IoT defines an operating system as an edge gateway which provides connectivity to devices via multiple protocols, and also provides multiple capabilities for limited edge computing. The IoT operating systems have the capability to deal with the diverse requirements of heterogeneous hardware platforms and application scenarios, and provides an adaptive Internet Protocol (IP) network stack and a standard developer-friendly Application Programming Interface (API).
The global IoT operating systems market is segmented into Linux OS, Tiny OS, Contiki OS, Google Brillo OS, Mbed OS, Free RTOS and others based on their type. Furthermore the report is split into manufacturing, information technology, healthcare, consumer electronics, industrial automation, energy & utilities, and transportation & logistics based on their application to give an in depth insight about the market.
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