Internet of Things (IoT) Market
Market Overview:
According to our global internet of things market outlook report “Disruptive technologies: Advances that will transform life, business, and the global economy“, the Internet of things (IoT) is one of the top three technological advancements of the next decade (together with the mobile internet and the automation of knowledge work). According to the Cisco, in 2008 number of things connected to Internet was greater than the population residing on earth, by 2020 number of things connected to internet will be about 50 billion.
Healthcare (16%) and manufacturing (16%) acquire the major section of IoT followed by insurance (12%), banking & securities (11%), retail and wholesome (8%), computing service (8%), government (7%), transportation (6%), utilities (5%), real estate (4%), agriculture (4%) and others (3%) contributes to IoT value add of USD1.9 trillion by 2020. Although estimated number of installed IoT devices in enterprise sector dominates the market, however that share may decline as the government and home sectors gain momentum.
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Market Size and Forecast:
By the year 2020 each person will own an average of 7 connected devices in the communications. In the automobiles 8.7 million cars had internet access which has now grown to 23.6 million in 2016. Industrial segment tends to see the annual growth rate of 30% due to increase in machine to machine connection.
According to Verizon report, global internet of things market in the year 2014 was USD 591.7 billion and growing at the pace of 17% forecasted to reach USD 1.3 trillion. The installed base of internet of things tends to grow from USD 9.7 billion in 2014 to 25.6 billion in the year 2019, hitting USD 30 billion in 2020. The total market size of digital precision agriculture services is expected to grow at the CAGR of 12.2% b/w 2014 and 2020, to reach USD 4.5 billion.
Settings Economic Impact in 2025 (USD)
Human 1.6 trillion
Home 350 billion
Offices 150 billion
Factories 3.7 trillion
Worksites 930 billion
Vehicles 740 billion
Cities 1.6 trillion
Outside (Ship, planes, etc) 850 billion
Table of Contents
Table of Content
1. Executive Summary
2. Research Methodology
3. Risk Analysis
3.1. Demand Risk
3.2. Supply Risk
4. Global IoT Market Size and Forecast, 2015-2024
5. Market Dynamics & Its Impact Analysis
5.1. Growth Drivers
5.2. Challenges
5.3. Opportunities
5.4. Trends
6. Market Segmentation
6.1. By Application (Market Size ($ Million) & Y-o-Y Growth Analysis, 2015-2024)
6.1.1. Percentage (%) Share by Application
6.1.2. Smart Cities (Market Size ($ Million) & Y-o-Y Growth Analysis, 2015-2024)
6.1.2.1. Percentage (%) Share by Smart Cities
6.1.2.2. Home monitoring (Market Size ($ Million) & Y-o-Y Growth Analysis, 2015-2024)
6.1.2.3. Energy (Market Size ($ Million) & Y-o-Y Growth Analysis, 2015-2024)
6.1.2.4. Fitness Trackers (Market Size ($ Million) & Y-o-Y Growth Analysis, 2015-2024)
6.1.2.5. Y-O-Y % Growth Comparison by Smart Cities
6.1.2.6. Market Attractiveness by Smart Cities
6.1.2.7. BPS Analysis by Smart Cities
.Continued
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