Internet of Things (IoT) Market Expected to Rise at a CAGR of 20% by the end of 2025

IoT Analytics Market 

Internet of Things (IoT) Market

The Internet of Things (IoT) market is expected to reach US$ 151.5 billion in 2022 and expand at a strong CAGR of 20% from 2022 to 2025. The market is expected to be valued US$261.95 billion by 2025.

The Internet of Things (IoT) market refers to the expanding network of real-world items including machines, cars, appliances, and other physical objects that are connected to the internet and equipped with sensors, software, and connections to gather and share data. This information can be utilised to increase productivity, enable new services, and offer insightful information to both organisations and customers.

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IoT applications are widespread, including in the areas of smart homes, connected vehicles, smart cities, industrial automation, and healthcare, among others. The potential for IoT to transform these and other industries has spurred significant investment and innovation in the field.

Key players in the IoT market include hardware manufacturers, software companies, and service providers, with companies like Amazon, Google, and Microsoft among the largest players in the space. As the market continues to grow and evolve, it is likely that we will see new players emerge and existing players expand their offerings to stay competitive.

Competitive Landscape

The key players are going for noteworthy investments in various advanced technologies like cloud computing, AI, and likewise. Also, the present as well as future scenario is/would be such that well-known market players would significantly invest in mid-sized companies and start-ups for offering efficient solutions. Like –

• Haltian, in April 2020, did receive funding worth US$ 9.8 Mn from Ilmarinen, a FVC (Finnish Venture Capital) and Nordic Option Haltian. This funding is used by Haltian for extending the portfolio and pave the way for smart factories, smart washrooms, and smart facilities.
• Modular Capital, in March 2020, invested US$ 200K in DesignX, an IIoT (Industrial Internet of Things) firm based out of India. DesignX did invest the funds for building various comprehensive IoT solutions emphasizing on asset performance management through edge solutions.

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Key Players:


Internet of Things (IoT) Market Segmentation

Internet of Things (IoT) Market by Component

  • IoT Platform
  • IoT Data Transport
  • IoT Security
  • IoT Analytics
  • IoT Sensor

Internet of Things (IoT) Market by Application

  • Smart Grid
  • M2M Communication
  • Home and Building Automation
  • Wearable Computing Devices
  • V2V Communication
  • Others

Internet of Things (IoT) Market by Industry

  • Manufacturing
  • Healthcare
  • Energy & Utilities
  • Retail
  • Transportation & Logistics
  • Government
  • Others

Internet of Things (IoT) Market by Region

  • North America Internet of Things (IoT) Market
  • Latin America Internet of Things (IoT) Market
  • Europe Internet of Things (IoT) Market
  • Asia-Pacific Internet of Things (IoT) Market
  • Middle East & Africa (MEA) Internet of Things (IoT) Market

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