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Published Date: 2015-10-20Number of Pages: 69

Internet of Things Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021

Global Internet of Things Market: Snapshot

The healthcare industry is a key area of interest for most players in the global Internet of things (IoT) market. Not only is the healthcare technology itself constantly evolving, it is also welcoming for all efficient ways to introduce and maintain device connectivity. The immense scope gained by the IoT market from implementing its technologies in the healthcare industry can be seen in the high rates at which connected devices are being integrated in crucial points within a healthcare organization, thus speeding up processes. 

Another key driver for the Internet of things market that cannot be overlooked is the massive amount of incentives provided by government bodies to key and promising players. Countries such as South Korea are building an open Internet of things environment across the country to improve the abilities of connected divides.

The usage of Internet of things is, however, hindered by the potentially high security risk that companies might run into. Security risks are particularly high when it comes to the implementation of IoT processes through cloud-based platforms. While the utility of cloud computing in IoT is exceptionally sought after, the concern of data integrity and security is still deterring many companies from availing these services.

Owing to the above factors, the global market for Internet of things is progressing at a highly optimistic CAGR of 21.4% from 2015 to 2021 in terms of revenue. Its revenue is expected to reach US$924.86 bn by the end of 2021.

Massive Growth Scope in Asia Pacific Leads Key Players to Strengthen Regional Base

North America is currently the leading region in terms of demand for Internet of things technologies, and will expectedly continue to place the leading demand for it till 2021. The region will, however, lose market share to Asia Pacific and its rapidly growing interest in the Internet of things. By 2021, the Asia Pacific Internet of things market revenue is expected to stand at 21.36% of the global market. The key reason for this massive growth rate is strong demand for IoT in the Asia Pacific manufacturing industry, especially in Indonesia, China, Japan, and India.

The demand for Internet of things in North America is still expected to be very high, owing to the developments for incorporating IoT technologies into the industries of healthcare and consumer electronics.

Industrial Applications of IoT Spur Demand for Latest Connected Technologies

By the end of 2021, the industrial sector is expected to hold a share of 23.40% in the Internet of things market value. It will therefore continue being the leading application segment for IoT technologies owing to the extremely high demand for the use of connected devices on the work floor and the implementation of cloud-based platforms for remote connectivity and improve process efficiency.

Some of the key developments occur in the collaborative IoT testbed created by IBM and National Instruments. The resultant potential found for cyber physical systems that can be capable of imparting significant improvements in the productivity of a company poses key implications on the industrial sector as a whole.

The key providers of Internet of things products and services include Google, Inc., Cisco Systems, Inc., Apple, Inc., IBM Corp., and Microsoft Corp.

 

Chapter 1 Preface
1.1 Report description
1.2 Research scope
1.3 Research methodology

Chapter 2 Executive Summary

Chapter 3 Market Overview
3.1 Introduction
3.2 Key Trends Analysis
3.3 Market Dynamics
       3.3.1 Market Drivers
                3.3.1.1 Technological advancement in the field of healthcare
                3.3.1.2 Government initiatives for expansion of Internet of Things
                3.3.1.3 Need to increase efficiency and cost reduction
       3.3.2 Market Restraints
                3.3.2.1 Security risk
                3.3.2.2 Over-reliance on technology
       3.3.3 Market opportunities
                3.3.3.1 Increasing demand for smarter devices
3.4 Global Internet of Things market: Market attractiveness analysis
3.5 Global Internet of Things Market: Company Market Share Analysis

Chapter 4 Global Internet of Things Market Analysis by Technology
4.1 Introduction
4.2 ZigBee
       4.2.1 Global ZigBee Market Size and Forecast, 2014–2021 (USD billion)
4.3 Bluetooth Low Energy (BLE)
       4.3.1 Global Bluetooth Low Energy (BLE) Market Size and Forecast, 2014–2021 (USD billion)
4.4 Near Field Communication (NFC)
       4.4.1 Global Near Field Communication Market Size and Forecast, 2014–2021 (USD billion)
4.5 Wi-Fi
       4.5.1 Global Wi-Fi Market Size and Forecast, 2014–2021 (USD billion)
4.6 Radio Frequency Identification (RFID)
       4.6.1 Global Radio Frequency Identification Market Size and Forecast, 2014–2021 (USD billion)

Chapter 5 Global Internet of Things Market Analysis by Application
5.1 Introduction
5.2 Industrial
       5.2.1 Global Industrial Market Size and Forecast, 2014–2021 (USD billion)
5.3 Automotive
       5.3.1 Global Automotive Market Size and Forecast, 2014–2021 (USD billion)
5.4 Consumer Electronics
       5.4.1 Global Consumer Electronics Market Size and Forecast, 2014–2021 (USD billion)
5.5 Retail
       5.5.1 Global Retail Market Size and Forecast, 2014–2021 (USD billion)
5.6 Healthcare
       5.6.1 Global Healthcare Market Size and Forecast, 2014–2021 (USD billion)
5.7 Others
       5.7.1 Global Others Market Size and Forecast, 2014–2021 (USD billion)

Chapter 6 Global Internet of Things Market Analysis by Geography
6.1 Introduction
6.2 North America
       6.2.1 North America Internet of Things Market Size and Forecast, 2014–2021 (USD billion)
       6.2.2 North America Internet of Things Market Revenue and Forecast by Country, 2014–2021 (USD billion)
       6.2.3 North America Internet of Things Market Size and Forecast by Technology, 2014–2021 (USD billion)
       6.2.4 North America Internet of Things Market Size and Forecast by Application, 2014–2021 (USD billion)
6.3 Europe
       6.3.1 Europe Internet of Things Market Size and Forecast, 2014–2021 (USD billion)
       6.3.2 Europe Internet of Things Market Revenue and Forecast by Country, 2014–2021 (USD billion)
       6.3.3 Europe Internet of Things Market Size and Forecast by Technology, 2014–2021 (USD billion)
       6.3.4 Europe Internet of Things Market Size and Forecast by Application, 2014–2021 (USD billion)
6.4 Asia Pacific
       6.4.1 Asia Pacific Internet of Things Market Size and Forecast, 2014–2021 (USD billion)
       6.4.2 Asia Pacific Internet of Things Market Revenue and Forecast by Country, 2014–2021 (USD billion)
       6.4.3 Asia Pacific Internet of Things Market Size and Forecast by Technology, 2014–2021 (USD billion)
       6.4.4 Asia Pacific Internet of Things Market Size and Forecast by Application, 2014–2021 (USD billion)
6.5 Rest of the World (RoW)
       6.5.1 RoW Internet of Things Market Size and Forecast, 2014–2021 (USD billion)
       6.5.2 RoW Internet of Things Market Revenue and Forecast by Country, 2014–2021 (USD billion)
       6.5.3 RoW Internet of Things Market Size and Forecast by Technology, 2014–2021 (USD billion)
       6.5.4 RoW Internet of Things Market Size and Forecast by Application, 2014–2021 (USD billion)

Chapter 7 Company Profiles
7.1 Google Inc.
7.2 IBM Corp.
7.3 Intel Corp.
7.4 Amazon.com Inc.
7.5 Apple Inc.
7.6 AT&T Inc.
7.7 General Electric Company
7.8 Microsoft Corp.
7.9 Cisco Systems Inc.
7.10 Honeywell International Inc.

List of Figures 

 

FIG. 1 Market segmentation: Global Internet of Things market
FIG. 2 Market Attractiveness Analysis by Application, 2014
FIG. 3 Market Share by Key Internet of Things Vendors, 2014 (Value %)
FIG. 4 Global Internet of Things Market Share by Technology (%), 2014 vs. 2021
FIG. 5 Global ZigBee Market Size and Forecast, 2014–2021 (USD billion)
FIG. 6 Global Bluetooth Low Energy (BLE) Market Size and Forecast, 2014–2021 (USD billion)
FIG. 7 Global Near Field Communication Market Size and Forecast, 2014–2021 (USD billion)
FIG. 8 Global Wi-Fi Market Size and Forecast, 2014–2021 (USD billion)
FIG. 9 Global Radio Frequency Identification Market Size and Forecast, 2014–2021 (USD billion)
FIG. 10 Global Internet of Things Market Share by Application (%), 2014 vs. 2021
FIG. 11 Global Industrial Market Size and Forecast, 2014–2021 (USD billion)
FIG. 12 Global Automotive Market Size and Forecast, 2014–2021 (USD billion)
FIG. 13 Global Consumer Electronics Market Size and Forecast, 2014–2021 (USD billion)
FIG. 14 Global Retail Market Size and Forecast, 2014–2021 (USD billion)
FIG. 15 Global Healthcare Market Size and Forecast, 2014–2021 (USD billion)
FIG. 16 Global Others Market Size and Forecast, 2014–2021 (USD billion)
FIG. 17 Global Internet of Things Market Share by Geography (%), 2014 vs. 2021
FIG. 18 North America Internet of Things Market Size and Forecast, 2014–2021 (USD billion)
FIG. 19 Europe Internet of Things Market Size and Forecast, 2014–2021 (USD billion)
FIG. 20 Asia Pacific Internet of Things Market Size and Forecast, 2014–2021 (USD billion)
FIG. 21 RoW Internet of Things Market Size and Forecast, 2014–2021 (USD billion

List of Tables

 

TABLE 1 Global Internet of Things Market – Snapshot (2014 & 2021)
TABLE 2 Drivers: Impact Analysis
TABLE 3 Restraints: Impact Analysis
TABLE 4 North America Internet of Things Market Revenue and Forecast by Country, 2014–2021 (USD billion)
TABLE 5 North America Internet of Things Market Size and Forecast by Technology, 2014–2021 (USD billion)
TABLE 6 North America Internet of Things Market Size and Forecast by Application, 2014–2021 (USD billion)
TABLE 7 Europe Internet of Things Market Revenue and Forecast by Country, 2014–2021 (USD billion)
TABLE 8 Europe Internet of Things Market Size and Forecast by Technology, 2014–2021 (USD billion)
TABLE 9 Europe Internet of Things Market Size and Forecast by Application, 2014–2021 (USD billion)
TABLE 10 Asia Pacific Internet of Things Market Revenue and Forecast by Country, 2014–2021 (USD billion)
TABLE 11 Asia Pacific Internet of Things Market Size and Forecast by Technology, 2014–2021 (USD billion)
TABLE 12 Asia Pacific Internet of Things Market Size and Forecast by Application, 2014–2021 (USD billion)
TABLE 13 RoW Internet of Things Market Revenue and Forecast by Country, 2014–2021 (USD billion)
TABLE 14 RoW Internet of Things Market Size and Forecast by Technology, 2014–2021 (USD billion)
TABLE 15 RoW Internet of Things Market Size and Forecast by Application, 2014–2021 (USD billion

 

The Internet of Things refers to the network of physical objects that attribute an IP address for internet connectivity. Internet of Things is defined as an invisible and intelligent network of things that communicate indirectly or directly with each other. Internets of Things enable communication between the physical objects and other internet-enabled systems and devices. In addition, Internet of Things also makes the life of consumers much more comfortable and easier by controlling the electronic devices from one place. Furthermore, technological advancement in the field of healthcare, government initiatives for expansion of the Internet of Things and need to increase efficiency and cost reduction are the major factors that are driving the Internet of Things market globally.

Among all the application segments, industrial holds the largest market share at present in the Internet of Things market. The potential for cyber physical systems to improve productivity in the supply chain and production process are increasing the demand of industrial sector in Internet of Things market. Healthcare and consumer electronics sectors are expected to be the fastest growing applications in the Internet of Things market globally. In 2014, automotive sector is the second largest application segment in the Internet of Things market globally.

This market research study analyzes the Internet of Things market on a global level, and provides estimates in terms of revenue (USD billion) from 2015 to 2021. The report also identifies the restraints and drivers affecting the industry and analyzes their impact over the forecast period. In addition, it identifies the significant opportunities for market growth in the coming years.

The report segments the Internet of Things market on geography as Rest of the World (RoW), Asia Pacific (APAC), Europe and North America, and these geographies have been estimated in terms of revenue (USD billion). In addition, the report segments the market based on technology as ZigBee, Bluetooth low energy (BLE), near field communication (NFC), Wi-Fi and radio frequency identification (RFID). Furthermore, the Internet of Things market is segmented on the basis of application which includes industrial, automotive, consumer electronics, retail, healthcare and others (including energy and utilities, and entertainment). The above mentioned segments have been anticipated on the basis of geography in requisites of revenue (USD billion).

North America represents the largest market share of the Internet of Things market. In 2014, North America accounted for largest revenue share in the global Internet of Things market. The rapid growth of industrial, automotive and healthcare industries is the major factors driving the growth of Internet of Things in North America. Europe holds the second largest share in the Internet of Things market followed by Asia Pacific and RoW respectively. The market in Europe is primarily driven by government regulation supporting the growth of Internet of Things. The strong regulations in place will ensure the effective operability of the Internet of Things concept in various application areas. The automotive industry is likely to contribute a large share to market revenues in Europe.

For better understanding of the Internet of Things market, the study also includes market attractiveness analysis and competitive landscape, wherein applications are benchmarked based on their market scope, growth rate, and market attractiveness.

The report provides company market share analysis of various industry participants. The key players have also been profiled on the basis of company details, product type, financial overview, historical roadmap, business strategies and the recent developments in the field of Internet of Things market. Major market participants in the Internet of Things market include Google Inc. (United States), Cisco Systems Inc. (United States), Apple Inc. (United States), Microsoft Corp. (United States), Intel Corp. (United States) and IBM Corp. (United States) among others.

1.1    Market segmentation

The Internet of Things market is segmented as below:

Global Internet of Things market: by Technology

  • ZigBee
  • Bluetooth Low Energy (BLE
  • Near Field Communication (NFC)
  • Wi-FI
  • Radio Frequency Identification (RFID)

Global Internet of Things market: by Application

  • Industrial
  • Automotive
  • Consumer Electronics
  • Retail
  • Healthcare
  • Others

Global Internet of Things market: by Geography

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Rest of the World (ROW)
    • South America
    • Middle East
    • Africa