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Global IoT Solutions and Services Market to reach USD 683.41 billion by 2028.

Global IoT Solutions and Services Market Size study, By Component (Solution, Services), By Deployment Mode (Cloud, On-premises), By Application (Smart Manufacturing, Smart Transportation/mobility, Smart Buildings, Others), and Regional Forecasts 2022-2028

Product Code: ICTEITS-77513251
Publish Date: 27-06-2022
Page: 200

Global IoT Solutions and Services Market is valued at approximately USD 204.63 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 18.8% over the forecast period 2022-2028. Internet of Things (IoT) Solutions refers to an integrated system of interrelated computing devices, objects, and mechanical and digital machines, which are incorporated with software, sensors, and other technologies. These solutions help in connecting and exchanging data with other devices that can be used by companies to solve various business problems. And, IoT services are a set of end-to-end services that help to aggregate data from physical objects and proficiently use the information for business intelligence and process automation. Factors such as the increasing proliferation of IoT and connected devices, growing adoption of cloud-based facilities, coupled with rising usage of data processing and analytics are considered major driving factors for the market growth. For instance, according to a Statista report, in 2019, nearly 8.6 billion Internet of Things (IoT) connected devices were recorded, which is projected to reach around 19.1 billion devices by 2025. Therefore, the rising penetration of IoT and connected devices is bolstering the market demand across the globe. However, rising concerns for data security and privacy and lack of advancements in communication technology impede the growth of the market over the forecast period of 2022-2028. Also, the growing number of smart city initiatives worldwide and the arrival of 5G technology are anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the global IoT Solutions and Services Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the rapid development of the IT infrastructure facilities, and the presence of leading market players like Google, Microsoft, Intel, IBM, and many others. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the growing spending on R&D activities, and the rising adoption of emerging technologies, would create lucrative growth prospects for the IoT Solutions and Services Market across the Asia-Pacific region.

Major market players included in this report are:
Siemens
Microsoft Corporation
AWS
IBM Corporation
Intel
Cisco
Google
Oracle Corporation
SAP SE
Hitachi

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Solution
Services
By Deployment Mode:
Cloud
On-premises
By Application:
Smart Manufacturing
Smart Transportation/mobility
Smart Buildings
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global IoT Solutions and Services Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. IoT Solutions and Services Market, by Region, 2020-2028 (USD Billion)
1.2.2. IoT Solutions and Services Market, by Component, 2020-2028 (USD Billion)
1.2.3. IoT Solutions and Services Market, by Deployment Mode, 2020-2028 (USD Billion)
1.2.4. IoT Solutions and Services Market, by Application, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global IoT Solutions and Services Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global IoT Solutions and Services Market Dynamics
3.1. IoT Solutions and Services Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Increasing proliferation of IoT and connected devices
3.1.1.2. Growing adoption of cloud-based facilities
3.1.2. Market Challenges
3.1.2.1. Rising concerns for data security and privacy
3.1.2.2. Lack of advancements in communication technology
3.1.3. Market Opportunities
3.1.3.1. Growing number of smart city initiatives worldwide
3.1.3.2. Arrival of 5G technology
Chapter 4. Global IoT Solutions and Services Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global IoT Solutions and Services Market, by Component
6.1. Market Snapshot
6.2. Global IoT Solutions and Services Market by Component, Performance – Potential Analysis
6.3. Global IoT Solutions and Services Market Estimates & Forecasts by Component, 2018-2028 (USD Billion)
6.4. IoT Solutions and Services Market, Sub Segment Analysis
6.4.1. Solution
6.4.2. Services
Chapter 7. Global IoT Solutions and Services Market, by Deployment Mode
7.1. Market Snapshot
7.2. Global IoT Solutions and Services Market by Deployment Mode, Performance – Potential Analysis
7.3. Global IoT Solutions and Services Market Estimates & Forecasts by Deployment Mode, 2018-2028 (USD Billion)
7.4. IoT Solutions and Services Market, Sub Segment Analysis
7.4.1. Cloud
7.4.2. On-premises
Chapter 8. Global IoT Solutions and Services Market, by Application
8.1. Market Snapshot
8.2. Global IoT Solutions and Services Market by Application, Performance – Potential Analysis
8.3. Global IoT Solutions and Services Market Estimates & Forecasts by Application, 2018-2028 (USD Billion)
8.4. IoT Solutions and Services Market, Sub Segment Analysis
8.4.1. Smart Manufacturing
8.4.2. Smart Transportation/mobility
8.4.3. Smart Buildings
8.4.4. Others
Chapter 9. Global IoT Solutions and Services Market, Regional Analysis
9.1. IoT Solutions and Services Market, Regional Market Snapshot
9.2. North America IoT Solutions and Services Market
9.2.1. U.S. IoT Solutions and Services Market
9.2.1.1. Component breakdown estimates & forecasts, 2018-2028
9.2.1.2. Deployment Mode breakdown estimates & forecasts, 2018-2028
9.2.1.3. Application breakdown estimates & forecasts, 2018-2028
9.2.2. Canada IoT Solutions and Services Market
9.3. Europe IoT Solutions and Services Market Snapshot
9.3.1. U.K. IoT Solutions and Services Market
9.3.2. Germany IoT Solutions and Services Market
9.3.3. France IoT Solutions and Services Market
9.3.4. Spain IoT Solutions and Services Market
9.3.5. Italy IoT Solutions and Services Market
9.3.6. Rest of Europe IoT Solutions and Services Market
9.4. Asia-Pacific IoT Solutions and Services Market Snapshot
9.4.1. China IoT Solutions and Services Market
9.4.2. India IoT Solutions and Services Market
9.4.3. Japan IoT Solutions and Services Market
9.4.4. Australia IoT Solutions and Services Market
9.4.5. South Korea IoT Solutions and Services Market
9.4.6. Rest of Asia Pacific IoT Solutions and Services Market
9.5. Latin America IoT Solutions and Services Market Snapshot
9.5.1. Brazil IoT Solutions and Services Market
9.5.2. Mexico IoT Solutions and Services Market
9.6. Rest of The World IoT Solutions and Services Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Siemens
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Microsoft Corporation
10.2.3. AWS
10.2.4. IBM Corporation
10.2.5. Intel
10.2.6. Cisco
10.2.7. Google
10.2.8. Oracle Corporation
10.2.9. SAP SE
10.2.10. Hitachi
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

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