Global Internet Of Things (IoT) Market Size, Share, Growth Analysis, By Component Type(Hardware, Software), By Application(Smart Manufacturing, Smart Energy & Utilities) - Industry Forecast 2024-2031

Report ID: SQMIG45D2038 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 69 | Figures: 75

Global Internet Of Things (IoT) Market News

In June 2023, Qualcomm Launched New Satellite IoT Solutions to Provide Uninterrupted Remote Monitoring and Asset Tracking. It launched two modem chipsets with satellite capability: the Qualcomm 212S Modem and the Qualcomm 9205S Modem. The new Qualcomm modem chipsets power off-grid industrial use cases that require standalone non-terrestrial network (NTN) connectivity or hybrid connectivity alongside terrestrial networks, and allow IoT enterprises, developers, ODMs, and OEMs to harness real-time information and insights to manage business projects.
in February 2022, Ericsson launched IoT Accelerator Connect to make IoT connectivity easier than ever for enterprises. Ericsson IoT Accelerator Connect offers enterprises plug-and-play access to cellular IoT connectivity. IoT Accelerator Connect transforms digital sales within the IoT ecosystem with one-click connectivity options.

Global Internet Of Things (IoT) Market Report Snapshots

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Global Internet of Things (IoT) market was valued at USD 318.8 billion in 2019 and is poised to grow from USD 380.6 billion in 2023 to USD 1572.37 billion by 2031, growing at a CAGR of 19.4% during the forecast period (2024-2031).

The global Internet of Things (IoT)market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. 'Microsoft', 'Cisco Systems', 'Intel', 'Siemens (Germany)', 'AWS (US) ', 'Oracle (US) ', 'Qualcomm (UK) ', 'SAP (Germany) ', 'IBM (US) ', 'Google (US) ', 'Hitachi (Japan) ', 'GE Digital (US) ', 'PTC (US) ', 'ARM (UK) ', 'Software AG (Germany) ', 'Particle (US) ', 'Losant (US) ', 'Samsara (US) ', 'Litmus Automation (US) ', 'Confidex (Finland)'

Sensors are the most critical components of IoT devices. They aid in the generation of data about a physical event or state. Sensors can measure everything from orientation, motion, light, sound, humidity, and temperature to biometrics like blood pressure and heart rate.

Organizations have tremendous opportunities in the global IoT market to extract relevant data, such as consumer behaviour in retail outlets, for real-time marketing analysis, sensor-driven decision analytics, and instantaneous control response in complex autonomous systems. These will shape internet of things market trends.

The presence of major technology providers has resulted in North America being a dominant force in the IoT market. The market entry of technological behemoths such as Cisco, Google Inc., and Samsung have resulted in the development of innovative connectivity solutions across a wide range of applications and devices. The major issues being addressed by regulators in the United States is to create a connected environment for optimal security are privacy and data security on the Internet of Things scenario.

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Global Internet Of Things (IoT) Market Size, Share, Growth Analysis, By Component Type(Hardware, Software), By Application(Smart Manufacturing, Smart Energy & Utilities) - Industry Forecast 2024-2031

Global Internet Of Things (IoT) Market News

Global Internet Of Things (IoT) Market Report Snapshots

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