Report Highlights
The global IoT solutions and services market should reach $225.1 billion by 2022 and $480.6 billion by 2027, with a compound annual growth rate (CAGR) of 16.4% during the forecast period of 2022-2027.
Report Includes
- 52 data tables and 36 additional tables
- A brief general outlook of the global market for Internet of Things (IoT) based solutions and services
- Analyses of the global market trends, with historic market revenue data for 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
- Highlights of the growth potential for global IoT solutions and services market, and areas of focus to forecast this market into various segments and sub-segments
- Estimation of the actual market size for IoT solutions and services, revenue forecast, and corresponding market share analysis by component, deployment, organization size, application, and geographic region
- In-depth information (facts and figures) concerning market opportunities, drivers and challenges, technology advancements, industry value chain, and COVID-19 impact on the marketplace
- Insight into recent industry structure, competitive aspects of each product segment, major growth strategies, and company value share analysis based on their segmental revenues
- Updated information on key mergers and acquisition deals, agreements, collaborations and product launches within the global IoT solutions and services market
- Review of key patent grants and intellectual property aspects of the IoT solutions and services market
- Company profiles of major players within the industry, including Amazon.com Inc., Bosch GmbH, General Electric, Huawei Technologies Co. Ltd., Intel Corp. and Microsoft Corp.
Report Scope
The report provides an overview of the global IoT solutions and services market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for 2022 through 2027. Revenue forecasts for this period are segmented based on offering, deployment, organization size, industries and regions. The report also focuses on the major driving trends and challenges that affect the market. The report concludes with detailed profiles of the major global IoT solutions and services market players. The study of IoT solutions and services includes the industrial aspect of the market and does not include consumer IoT.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2021 | ||||||||||||||||||
| Forecast period considered | 2022-2027 | ||||||||||||||||||
| Base year market size | $203.5 billion | ||||||||||||||||||
| Market size forecast | $480.6 billion | ||||||||||||||||||
| Growth rate | CAGR of 16.4% from 2022 to 2027 | ||||||||||||||||||
| Units considered | $ Billions | ||||||||||||||||||
| Segments covered | Offering, Deployment, Organization Size, Industry | ||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) | ||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
• Increasing connected devices
• Decreasing cost of sensors and availability of economic substitutes
• Availability of faster and more reliable wireless connections
• Increasing proliferation of cloud computing
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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