Theindustrial segmentholds the largest market share during the forecast period. The market share growth by the industrial segment will be significant during the forecast period. Globally, the industrial segment is reaping the benefits of IoT technology in terms of increasing business productivity and ga...
The global IoT Market is expected to grow from USD 64.8 billion in 2024 to USD 153.2 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 18.8% during the forecast period. The progress of 5G technology, rise in the demand for automation, widespread use of smart devices and broad ...
The Global IoT Enterprise Spending dashboard shares data across regions, verticals, technology, and use cases with notable leaders in market growth in 2024 through the rest of the decade: Regional: China, India, and the US Vertical: Automotive and process manufacturers Technology: IoT software Use...
including generative AI (GenAI) and edge AI, is one of the key trends in 2024.CEOs discussed AI more than any other technology topicin earnings calls since Q1 2023, reaching 34% of calls in Q2 2024. The GenAI market went from nearly nothing to a hot market within a year. ...
Global IoT Market Restraint: Addressing Data Security Concerns In The Iot Market The concerns with data security impact the growth of the IoT market. The rate of data intrusions is also increasingly growing with the advances in technology. IoT systems are being newly built and often have loopholes...
Technology RFID Sensors NFC Cloud services Others Geography APAC China Japan North America US Europe Germany UK Middle East and Africa South America By Technology Insights The RFID segment is estimated to witness significant growth during the forecast period. The market has seen si...
2024 to 2030. IoT technology enables providers to monitor various aspects such as patient health in healthcare settings, inventory management in retail, and agricultural monitoring in the agriculture sector. This widespread adoption across diverse industries is fueling the growth of the IoT market. ...
Top 2000 strategists around the world rely on us for their growth roadmap/initiatives AIoT Market by Technology (ML, NLP, Computer Vision, Context Aware AI) and Platforms (IoT Device Management, IoT Application Enablement Platforms, IoT Connectivity Management, IoT Cloud, IoT Advanced Analytics) ...
Moreover, the growing penetration of 5G technology in the region will help boost the IoT market. Asia Pacific is projected to retain the largest share by 2027, accounting for over 30% of the IoT market value, with a forecasted growth rate exceeding 15% over the forecast period. The growing...
This widespread adoption of smart home technology in North American households is a major reason for the region’s dominance in the IoT market. Furthermore, North America is experiencing tremendous growth in Industrial IoT applications, owing to the push for Industry 4.0 and smart manufacturing...