The global Internet of Things (IoT) market is projected to reach $1,553.5 billion by 2028, with a compound annual growth rate (CAGR) of 26.31% from 2021 to 2028. This significant growth is driven by various macro and microeconomic factors, including advancements in wireless networking technologies.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Platform (Device Management, Application Management, Network Management, Others)
By Software Solution (Real-Time Streaming Analytics, Security Solution, Data Management, Remote Monitoring System, Network Bandwidth Management, Others)
By Application (Building And Home Automation, Smart Energy And Utilities, Smart Manufacturing, Connected Logistics, Smart Retail, Smart Mobility, And Transportation, Others)
By Service (Professional Service, Deployment And Integration, Support And Maintenance, Consulting Service, Managed Service, Others)
Key players
Intel Corporation
Cisco
Microsoft Corporation
IBM
Oracle
Google
Hewlett Packard Enterprise
Bosch Software Innovations
Telit
SAP
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