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 |
|
||||||||||||||||||
| Companies studied |
|
||||||||||||||||||
Frequently Asked Questions (FAQs)
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.
- Heat Pumps: Global Markets to 2030 (MFG090B)
- G-Protein Coupled Receptor (GPCR) Targeting: Technologies and Global Markets (BIO136B)
- Global Markets for Laser Systems, Components and Materials (PHO002D)
- Liver Disease Treatments: The Global Market (PHM057D)
- Global Fuel Cell Stack Market (FCB070A)
Related Reports
2024 Semiconductor Manufacturing Research Review
This 2024 Research Review of the Semiconductor Manufacturing provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions.
Generative AI: Global Markets
The global market for generative AI was valued at $15.4 billion in 2023. It is projected to grow from $20.8 billion in 2024 to $94.4 billion by 2029, at a compound annual growth rate (CAGR) of 35.3% from 2024 through 2029.
Smart Transportation: Technologies and Markets
The global smart transportation market was valued at $152.6 billion in 2023. The market is expected to grow from $181.7 billion in 2024 to $484.5 billion by 2029, at a compound annual growth rate (CAGR) of 21.7% from 2024 through 2029.
Global IoT Testing Services Market
This report analyses the global market trends in IoT testing services with data from 2023, estimates for 2024, and projected CAGRs through 2029. It analyzes patent activity and emerging technologies in the IoT testing services market. The report also examines the competition among major players and provides profiles of leading companies.
Recent Reports
EV Regional Analysis Market: Middle East and North Africa
This report provides an in-depth analysis of the electric vehicle (EV) market in the Middle East and North Africa (MENA) region. It covers various aspects of the market, including technological advancements, regulatory policies and frameworks, investment trends, and consumer adoption patterns. The report also discusses market dynamics and trends that shape the growth trajectory and competitive landscape in MENA EV market.
E-commerce Regional Analysis Market: Middle East and North Africa
This report provides an in-depth analysis of the MENA E-commerce market, highlighting its current and future potential. It provides a detailed examination of market drivers, restraints, challenges, opportunities, and projections of CAGRs through 2029.
Antenna: Including Patch, Embedded, Fractal, Smart and Reflectors
The global antennas market is expected to grow from $23.6 billion in 2024 and is projected to reach $34.4 billion by the end of 2029, at a compound annual growth rate (CAGR) of 7.8% during the forecast period of 2024 to 2029.
2024 AI & IoT Technology Research Review
This 2024 Research Review of AI & IoT Technology Market provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions.
AI in Healthcare Regional Analysis Market: Middle East and North Africa
This report provides an analysis of artificial intelligence (AI) in healthcare markets in the Middle East and North Africa (MENA) region. It covers various aspects of the market, including technological advances, economic factors, and business considerations, and provides insights into the different segments. The report delves into the key players engaged in healthcare AI industry.
Top Trending Reports
Carbon Capture, Utilization & Storage Technologies
The global market for carbon capture, utilization and storage (CCUS) technologies is expected to grow from $3.4 billion in 2024 and is projected to reach $9.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 23.1% during the forecast period of 2024 to 2029.
Global Diabetic Care Devices Market
The global market for diabetes monitoring devices is expected to grow from $16.6 billion in 2024 to $26.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 10.1% from 2024 through 2029.
2024 Semiconductor Manufacturing Research Review
This 2024 Research Review of the Semiconductor Manufacturing provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions.
Generative AI: Global Markets
The global market for generative AI was valued at $15.4 billion in 2023. It is projected to grow from $20.8 billion in 2024 to $94.4 billion by 2029, at a compound annual growth rate (CAGR) of 35.3% from 2024 through 2029.
2024 Medical Devices Research Review
The medical device industry is a multi-billion-dollar industry whose outlook is supposed to rise in the coming years These devices treat and diagnose a multitude of patient conditions and work much better than drugs.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More