IoT Solutions and Services Market Growth Analysis With Investment Opportunities For 2024-2033
The Business Research Company’s IoT Solutions and Services Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LONDON, GREATER LONDON, UK, August 14, 2024 /EINPresswire.com/ —
The IoT solutions and services market has experienced robust growth in recent years, expanding from $265.48 billion in 2023 to $308.96 billion in 2024 at a compound annual growth rate (CAGR) of 16.4%. The growth in the historic period can be attributed to increased demand for smart devices, industry 40 and smart manufacturing, data analytics and insights, security and privacy concerns, cost reduction and efficiency improvement.
Strong Future Growth Anticipated
The IoT solutions and services market is projected to continue its strong growth, reaching $568.91 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%. The growth in the forecast period can be attributed to 5g implementation, edge computing adoption, expansion of industrial IoT (IIoT), integration with ai and machine learning, smart agriculture and sustainable practices.
Explore Comprehensive Insights Into The Global IoT Solutions and Services Market With A Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample_request?id=10201&type=smp
Growth Driver Of The IoT Solutions and Services Market
The increase in cloud adoption is expected to propel the growth of the IoT solutions and services market going forward. Cloud adoption refers to the industry’s adoption of cloud services, which are infrastructure resources that are hosted by third-party providers and made available to users via the Internet. IoT solutions connect and allow communication between industry and cloud computing. Cloud solutions help in managing and analyzing data generated by IoT and provide reliable authentication and encryption protocols to IoT devices and automation when security concerns emerge, thereby enhancing the overall efficiency and working of IoT systems, as a result, the increase in cloud adoption increases the demand for IoT solutions and services market.
Order Your Report Now For Swift Delivery:
https://www.thebusinessresearchcompany.com/report/iot-solutions-and-services-global-market-report
Major Players And Market Trends
Key players in the IoT solutions and services market include Siemens AG, Microsoft Corporation, Amazon Web Services Inc., International Business Machines Corporation, Intel Corporation.
Major companies operating in the IoT solutions and services market are innovating technologies such as IoT platform to increase their profitability in the market. An Internet of Things (IoT) platform is a central hub that connects, manages, and analyzes data from various devices and sensors.
Segments:
1) By Component: Solution, Services
2) By Focus Area: Smart Manufacturing, Smart Transportation/mobility, Smart Energy and Utilities, Smart Retail, Connected Healthcare, Smart Agriculture, Smart Buildings, Other Focus Area
3) By Organization Size: Small and Medium-Sized Enterprises, Large Enterprises
4) By Application: Web Security, Network Security, Database, Cloud Security, Email Security, Other Application
5) By End-User: Wind, Oil And Gas, Solar, Other End-User
Geographical Insights: North America Leading The Market
North America was the largest region in the IoT solutions and services market in 2023 The regions covered in the IoT solutions and services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
IoT Solutions and Services Market Definition
Internet of Things (IoT) services refer to a group of end-to-end services that are contractually supplied to enterprises by outside providers for designing, developing, implementing, and operating IoT solutions. An IoT solution refers to an integrated bundle of technologies that companies can purchase to solve a problem or create new organizational value. IoT solutions and services are used to securely connect devices, manage tasks, identify opportunities, and transfer information that is beneficial for businesses to increasing productivity.
IoT Solutions and Services Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The IoT Solutions and Services Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on IoT solutions and services market size, IoT solutions and services market drivers and trends, IoT solutions and services market major players, IoT solutions and services competitors’ revenues, IoT solutions and services market positioning, and IoT solutions and services market growth across geographies. The IoT solutions and services market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
Browse Through More Similar Reports By The Business Research Company:
IOT Sensors Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/iot-sensors-global-market-report
IoT Security Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/iot-security-global-market-report
Telecom Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/telecom-global-market-report
About The Business Research Company?
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Global Market Model – Market Intelligence Database
The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.
Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Oliver Guirdham
The Business Research Company
+44 20 7193 0708
email us here
Visit us on social media:
Facebook
X
LinkedIn
YouTube
