Internet of Things (IoT) Market Size, Latest Trends, Scope, Competitive Analysis, Revenue and Forecast 2029

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Global Internet of Things (IoT) Market size was valued at USD 156.58 Billion in 2021, and is projected to reach USD 693.94 Billion by 2028, growing at a CAGR of 23.7% from 2022 to 2028.

The Internet of Things (IoT) is quickly becoming the next big thing all over the world. The idea is small devices that are attached to software electronics sensors are connected through a network which helps to share information easily between those linked objects. The Internet of Things (IoT) is the next big thing for the future; it allows proper monitoring of individuals through the use of a stable and supportive network infrastructure. The addition of computer-based systems provides a good chance for digital and physical worlds to work together as one. Various end-users, including industries, businesses, customers, groups, and governments, are becoming aware of the Internet of Things also in many commercial and industrial places, it increases and amplifies the counter-productivity which supports the growth of the market.



The research presents a full analysis of the pandemic’s influence on the whole industry, as well as an outline of market scenarios before and after COVID-19. All of our reports will be modified before distribution to account for the impact of COVID-19 in order to offer a more accurate market prediction. The research study looks at numerous market segments based on type, application, and geographies. The research also includes a competitive analysis of the top Internet of Things providers, as well as their most recent advances. This study is divided into three sections: type, application, and region, with market size and forecasts for each area. For the predicted period, yearly compound growth rates for all segments have also been presented.

Leading Key Players Covered Internet of Things (IoT) Market: –

  • Intel (US)
  • Microsoft (US)
  • Cisco (US)
  • Google (US)
  • IBM (US)
  • Samsung (South Korea)
  • Apple (US)
  • SAP (Germany)
  • Gartner (US)
  • Oracle (US)
  • ARM (UK)
  • General Electric (US)
  • Accenture (Ireland)
  • Amazon (US)
  • HP (US)
  • Arduino (US)
  • IDC (US)
  • Blackberry (Canada)
  • PTC (US)
  • Verizon (US), and other major players

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Covid-19 Impact Analysis On Internet of Things (IoT) Market

COVID-19 began in Wuhan (China) in December 2019 and has since rapidly grown throughout the globe. In terms of confirmed cases and reported deaths, the US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are among the countries that have been most severely impacted. Due to lockdowns, travel restrictions, and business closures, COVID-19 has had an impact on the businesses and industries of numerous nations.

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Segmentation of Internet of Things (IoT) Market: –

By Deployment Type           

  • Cloud
  • On-Premise

By Platform  

  • Device Management
  • Application Management

By Application          

  • Manufacturing
  • BFSI
  • IT & Telecom
  • Retail
  • Healthcare
  • Others

 By Region    

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Effective Points Covered in Internet of Things (IoT) Market Report: –

  • Details Competitor analysis with accurate, up-to-date demand-side dynamics information.
  • Standard performance against major competitors.
  • Identify the growth segment of your investment.
  • Understanding most recent innovative development and supply chain pattern.
  • Establish regional / national strategy based on statistics.
  • Develop strategies based on future development possibilities.

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Introspective Market Research ( is a visionary research consulting firm dedicated to helping our clients grow and successfully impact the marketplace. Our team at IMR is ready to help our clients grow their businesses by offering strategies to achieve success and monopoly in their respective fields. We are a global market research company, specializing in the use of big data and advanced analytics to gain a broader picture of market trends. We help our customers to think differently and build a better tomorrow for all of us. As a technology-driven research company, we consider extremely large data sets to uncover deeper insights and provide conclusive consulting. We don’t just provide intelligence solutions, we help our clients achieve their goals.

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Chicago, Illinois

60616 USA

Ph no: +1- 773 382 1049

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