IoT Technology Market by Node Component (Sensor, Memory Device, Connectivity IC, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-use Application, Geography - Global Forecast to 2030

1 INTRODUCTION 31 1.1 STUDY OBJECTIVES 31 1.2 MARKET DEFINITION 31 1.3 STUDY SCOPE 32 1.3.1 MARKET SEGMENTATION AND REGIONAL SCOPE 32 1.3.2 INCLUSIONS AND EXCLUSIONS 33 1.3.3 YEARS CONSIDERED 34 1.4 CURRENCY CONSIDERED 34 1.5 UNIT CONSIDERED 34 1.6 STAKEHOLDERS 34 1.7 SUMMARY OF CHANGES 35 2 RESEARCH METHODOLOGY 37 2.1 RESEARCH DATA 37 2.1.1 SECONDARY DATA 38 2.1.1.1 List of major secondary sources 38 2.1.1.2 Key data from secondary sources 39 2.1.2 PRIMARY DATA 39 2.1.2.1 List of key interview participants 40 2.1.2.2 Key data from primary sources 40 2.1.2.3 Key industry insights 40 2.1.2.4 Breakdown of primaries 41 2.1.3 RESEARCH APPROACH 41 2.2 MARKET SIZE ESTIMATION METHODOLOGY 42 2.2.1 BOTTOM-UP APPROACH 42 2.2.2 TOP-DOWN APPROACH 43 2.3 DATA TRIANGULATION 44 2.4 RESEARCH ASSUMPTIONS 45 2.5 RESEARCH LIMITATIONS 45 2.6 RISK ASSESSMENT 45 3 EXECUTIVE SUMMARY 46 4 PREMIUM INSIGHTS 51 4.1 ATTRACTIVE OPPORTUNITIES FOR MARKET PLAYERS 51 4.2 IOT TECHNOLOGY MARKET, BY SERVICE 51 4.3 IOT TECHNOLOGY MARKET, BY PLATFORM 52 4.4 IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION 52 4.5 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT AND COUNTRY 53 4.6 IOT TECHNOLOGY MARKET, BY COUNTRY 53 5 MARKET OVERVIEW 54 5.1 INTRODUCTION 54 5.2 MARKET DYNAMICS 54 5.2.1 DRIVERS 55 5.2.1.1 Global rise in internet penetration 55 5.2.1.2 Growing adoption of cloud platforms 56 5.2.1.3 Proliferation of wireless sensor networks 56 5.2.1.4 Increasing adoption of IPv6 56 5.2.2 RESTRAINTS 57 5.2.2.1 Data security and privacy concerns 57 5.2.3 OPPORTUNITIES 58 5.2.3.1 Increasing cross-domain collaborations 58 5.2.3.2 Government-led funding to develop IoT research projects 59 5.2.3.3 Emergence of connected care in healthcare sector 59 5.2.3.4 Increasing demand for HEVs and EVs 60 5.2.3.5 Growing safety concerns with rising urbanization 60 5.2.4 CHALLENGES 62 5.2.4.1 Interoperability challenges and lack of common standards 62 5.2.4.2 High power consumption by wireless sensor terminals and connected devices 62 5.2.4.3 Lack of skilled professionals 62 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 63 5.4 PRICING ANALYSIS 64 5.4.1 AVERAGE SELLING PRICE TREND, BY TYPE 64 5.4.2 AVERAGE SELLING PRICE ANALYSIS, BY KEY PLAYER 65 5.4.3 AVERAGE SELLING PRICE TREND, BY REGION 66 5.5 VALUE CHAIN ANALYSIS 66 5.6 ECOSYSTEM ANALYSIS 68 5.7 INVESTMENT AND FUNDING SCENARIO 70 5.8 TECHNOLOGY ANALYSIS 70 5.8.1 KEY TECHNOLOGIES 70 5.8.1.1 Integration of AI with IoT 70 5.8.1.2 Integration of ML with IoT 70 5.8.2 COMPLEMENTARY TECHNOLOGIES 71 5.8.2.1 Digital twin 71 5.8.2.2 Blockchain 71 5.8.3 ADJACENT TECHNOLOGIES 71 5.8.3.1 Edge computing 71 5.8.3.2 Wi-Fi 71 5.8.3.3 Cloud computing 71 5.8.3.4 Big data analytics 72 5.9 PATENT ANALYSIS 72 5.10 TRADE ANALYSIS 75 5.10.1 IMPORT SCENARIO FOR HS CODE 841510 75 5.10.2 EXPORT SCENARIO FOR HS CODE 841510 76 5.11 KEY CONFERENCES AND EVENTS, 2025–2026 76 5.12 CASE STUDY ANALYSIS 77 5.12.1 SOLULAB INC. ASSISTED ENMATRIX TO DEVELOP IOT MOBILE APPLICATION FOR SMART BUILDINGS AND YACHT MANAGEMENT 77 5.12.2 SOLULAB INC. HELPED GEARNETICS TO DEVELOP ADVANCED IOT FLEET MANAGEMENT SOLUTIONS 78 5.12.3 SANXING AND TELENOR CONNEXION FACILITATED LEADING SWEDISH ENERGY SUPPLIER TO IMPLEMENT IOT-BASED METERING SOLUTION FOR CONNECTING SMART METERS 78 5.12.4 ISA MINIMIZED EQUIPMENT BREAKDOWN WITH IOT-ENABLED PREDICTIVE MAINTENANCE SOLUTION 79 5.13 REGULATORY LANDSCAPE 80 5.13.1 STANDARDS 80 5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82 5.14 PORTER'S FIVE FORCES ANALYSIS 84 5.14.1 BARGAINING POWER OF SUPPLIERS 86 5.14.2 BARGAINING POWER OF BUYERS 86 5.14.3 THREAT OF NEW ENTRANTS 86 5.14.4 THREAT OF SUBSTITUTES 86 5.14.5 INTENSITY OF COMPETITIVE RIVALRY 87 5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 87 5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 87 5.15.2 BUYING CRITERIA 88 5.16 IMPACT OF AI ON IOT TECHNOLOGY MARKET 88 5.16.1 INTRODUCTION 88 5.16.2 AI USE CASES 89 5.16.3 KEY COMPANIES IMPLEMENTING AI 89 5.17 US TARIFF IMPACT ON IOT TECHNOLOGY MARKET 90 5.17.1 INTRODUCTION 90 5.17.2 KEY TARIFF RATES 90 5.17.3 PRICE IMPACT ANALYSIS 90 5.17.4 IMPACT ON COUNTRY/REGION 90 5.17.4.1 US 90 5.17.4.2 Europe 91 5.17.4.3 Asia Pacific 91 5.17.5 IMPACT ON END-USE INDUSTRY 92   6 IOT TECHNOLOGY MARKET, BY NODE COMPONENT 93 6.1 INTRODUCTION 94 6.2 PROCESSORS 97 6.2.1 MICROCONTROLLERS 98 6.2.1.1 High suitability for energy-efficient and battery-powered IoT applications to boost market 98 6.2.2 MICROPROCESSORS 98 6.2.2.1 Increasing applications in remote or resource-constrained environments to boost demand 98 6.2.3 DIGITAL SIGNAL PROCESSORS 99 6.2.3.1 Ability to perform computation-intensive functions in transmitting digital signals to accelerate growth 99 6.2.4 APPLICATION PROCESSORS 99 6.2.4.1 Growing use of application processors in wearable devices to boost market 99 6.3 SENSORS 100 6.3.1 ACCELEROMETERS 102 6.3.1.1 Increasing applications of accelerometers in smartwatches to fuel market 102 6.3.2 INERTIAL MEASUREMENT UNITS 102 6.3.2.1 Growing demand in aerospace & defense industry to drive market 102 6.3.3 HEART RATE SENSORS 102 6.3.3.1 Increasing awareness regarding regular checkups and fitness activities to fuel market 102 6.3.4 PRESSURE SENSORS 103 6.3.4.1 Rising need to improve automobile safety to propel market 103 6.3.5 TEMPERATURE SENSORS 103 6.3.5.1 Growing adoption of temperature sensors in chemicals and food & beverages industries to drive market 103 6.3.6 BLOOD GLUCOSE SENSORS 104 6.3.6.1 Rising number of diabetic patients to drive market 104 6.3.7 BLOOD OXYGEN SENSORS 104 6.3.7.1 Rising incidence of respiratory diseases to fuel market 104 6.3.8 ELECTROCARDIOGRAM SENSORS 105 6.3.8.1 Growing demand for ECG devices with rising cardiovascular disorders to drive market 105 6.3.9 HUMIDITY SENSORS 105 6.3.9.1 Rising applications of humidity sensors in HVAC control systems to drive market 105 6.3.10 IMAGE SENSORS 105 6.3.10.1 Expanding LiDAR market to fuel segmental growth 105 6.3.11 AMBIENT LIGHT SENSORS 106 6.3.11.1 Growing demand for consumer electronics and automobiles to drive market 106   6.3.12 FLOW SENSORS 106 6.3.12.1 Rising use in smart energy applications to boost market 106 6.3.13 LEVEL SENSORS 106 6.3.13.1 Evolution of ultrasonic and radar sensors to boost demand 106 6.3.14 CHEMICAL SENSORS 107 6.3.14.1 Ability to convert chemical data into electronic data to encourage growth 107 6.3.15 CARBON MONOXIDE SENSORS 107 6.3.15.1 Pressing need to regulate CO gas in environment to boost demand 107 6.3.16 MOTION AND POSITION SENSORS 107 6.3.16.1 Declining prices of motion sensors to boost demand 107 6.3.17 CAMERA MODULES 107 6.3.17.1 Increasing demand for wearable cameras to drive market 107 6.4 CONNECTIVITY ICS 108 6.4.1 WIRED TECHNOLOGY 109 6.4.1.1 Ethernet/IP 109 6.4.1.1.1 Cost-effectiveness and suitability with video transport and storage area networks to drive market 109 6.4.1.2 Modbus 109 6.4.1.2.1 Growing industrial applications of Modbus to drive market 109 6.4.1.3 Process field net 110 6.4.1.3.1 Increasing applications in infrastructure and building automation to boost demand 110 6.4.1.4 Foundation fieldbus 110 6.4.1.4.1 High use in process industries to drive market 110 6.4.2 WIRELESS TECHNOLOGY 111 6.4.2.1 ANT+ 111 6.4.2.1.1 Ability to support peer-to-peer and fixed mesh connections to drive market 111 6.4.2.2 Bluetooth 111 6.4.2.2.1 Increased demand for smartphones, laptops, and tablets to fuel market 111 6.4.2.3 Bluetooth smart/Bluetooth low energy 112 6.4.2.3.1 Low power consumption to propel market 112 6.4.2.4 ZigBee 112 6.4.2.4.1 Growing use of small data transfer to boost demand 112 6.4.2.5 Wi-Fi 112 6.4.2.5.1 Easy accessibility by smartphones, digital cameras, and personal computers to boost demand 112 6.4.2.6 Near-field communication 112 6.4.2.6.1 Ability to offer cost-efficient connectivity for IoT devices to fuel market 112   6.4.2.7 Cellular networks 113 6.4.2.7.1 Ability to transfer large amount of data over long distances to boost demand 113 6.4.2.8 Wireless highway addressable remote transducer 113 6.4.2.8.1 Ability to offer easy access to configuration and process data in industrial environments to support growth 113 6.4.2.9 GPS/GNSS modules 113 6.4.2.9.1 Need to record high-precision data to aid growth 113 6.4.2.10 ISA100 114 6.4.2.10.1 Compatibility with IoT technologies to drive demand 114 6.4.2.11 Bluetooth/WLAN 114 6.4.2.11.1 Increasing applications in healthcare devices and retail industry to boost demand 114 6.5 MEMORY DEVICES 115 6.5.1 ON-CHIP MEMORY DEVICES 116 6.5.1.1 High-speed performance with reduced power consumption to fuel market 116 6.5.2 OFF-CHIP MEMORY DEVICES 116 6.5.2.1 Rising deployment in servers, PCs, and mobile devices to boost demand 116 6.6 LOGIC DEVICES 116 6.6.1 FIELD-PROGRAMMABLE GATE ARRAYS 117 6.6.1.1 Ability to offer rapid prototyping to support growth 117 7 IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION 118 7.1 INTRODUCTION 119 7.2 REAL-TIME STREAMING ANALYTICS 121 7.2.1 NEED TO ANALYZE DATA GENERATED IN DIFFERENT FORMATS IN REAL TIME TO BOOST DEMAND 121 7.3 SECURITY SOLUTIONS 121 7.3.1 GROWING NEED TO SECURE NETWORK OF CONNECTED DEVICES TO DRIVE MARKET 121 7.4 DATA MANAGEMENT 122 7.4.1 INCREASING NEED TO UNDERSTAND DATA PATTERNS AND DEVELOP LOGICAL INFORMATION TO BOOST DEMAND 122 7.5 REMOTE MONITORING 122 7.5.1 RISING DEPLOYMENT IN SMART GRIDS, PIPELINE SENSORS, AND SERVER MONITORING TO FOSTER GROWTH 122 7.6 NETWORK BANDWIDTH MANAGEMENT 123 7.6.1 ABILITY TO INCREASE NETWORK EFFICIENCY BY TRACKING BANDWIDTH AND RESOURCE CONSUMPTION TO DRIVE MARKET 123   8 IOT TECHNOLOGY MARKET, BY PLATFORM 124 8.1 INTRODUCTION 125 8.2 DEVICE MANAGEMENT 127 8.2.1 INCREASING REQUIREMENT TO MANAGE ACCESS AND CONTROL OVER IOT DEVICES TO FUEL MARKET 127 8.3 APPLICATION MANAGEMENT 127 8.3.1 RISING NEED FOR EFFECTIVE MONITORING AND REMOTE DEVICE MANAGEMENT TO BOOST DEMAND 127 8.4 NETWORK MANAGEMENT 128 8.4.1 ABILITY TO PREVENT NETWORK CRASHES DUE TO HIGH AMOUNT OF DATA TRANSFERS TO DRIVE DEMAND 128 9 IOT TECHNOLOGY MARKET, BY SERVICE 129 9.1 INTRODUCTION 130 9.2 PROFESSIONAL SERVICES 132 9.2.1 INCREASING DEMAND FOR CONNECTED DEVICES IN INDUSTRIAL AND TRANSPORTATION SECTORS TO BOOST DEMAND 132 9.2.1.1 Business planning 132 9.2.1.2 System design 132 9.2.1.3 Security 132 9.2.1.4 Software/Platform development and integration 133 9.2.1.5 Operational support and maintenance 133 9.2.1.6 Delivery and deployment 133 9.3 MANAGED SERVICES 134 9.3.1 INCREASING ADOPTION OF OUTSOURCED MANAGED SERVICES TO DRIVE DEMAND 134 9.3.1.1 Streamline operations 134 9.3.1.2 Optimize personnel 134 9.3.1.3 Manage IoT costs 134 9.3.1.4 Enhanced visibility 134 10 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION 135 10.1 INTRODUCTION 136 10.2 INDUSTRIAL APPLICATIONS 138 10.2.1 HEALTHCARE 138 10.2.1.1 Growing cases of chronic illness to fuel market 138 10.2.1.2 IoT technology-based products used in healthcare sector 140 10.2.1.2.1 Fitness & heart rate monitors 140 10.2.1.2.2 Blood pressure monitors 140 10.2.1.2.3 Blood glucose meters 140 10.2.1.2.4 Continuous glucose monitors 140 10.2.1.2.5 Pulse oximeters 141 10.2.1.2.6 Automated external defibrillators 141 10.2.1.2.7 Programmable syringe pumps 141 10.2.1.2.8 Wearable injectors 141 10.2.1.2.9 Multiparameter monitors 142 10.2.1.2.10 Fall detectors 142 10.2.1.2.11 Smart pill dispensers 142 10.2.1.2.12 Gateways 142 10.2.2 AUTOMOTIVE & TRANSPORTATION 142 10.2.2.1 Increasing demand for connected automobile services to drive market 142 10.2.2.2 IoT technology-based products used in automotive & transportation sector 143 10.2.2.2.1 Connected cars 143 10.2.2.2.2 Ultrasonic sensors 145 10.2.2.2.3 Camera/Image sensors 145 10.2.2.2.4 Radars 146 10.2.2.2.5 LiDAR 146 10.2.2.2.6 Infrared detectors 146 10.2.2.3 In-car infotainment 146 10.2.2.4 Traffic management 146 10.2.2.4.1 Vehicle detection sensors 146 10.2.2.4.2 Pedestrian presence sensors 146 10.2.2.4.3 Speed sensors 146 10.2.2.4.4 Thermal cameras 147 10.2.2.4.5 Automated incident detection cameras 147 10.2.2.5 Public transport/Mass transit 147 10.2.2.6 E-tolls 147 10.2.2.7 Gateways 147 10.2.3 BUILDING AUTOMATION 147 10.2.3.1 Increased awareness regarding energy conservation to aid growth 147 10.2.3.2 IoT technology-based products used in building automation sector 148 10.2.3.2.1 Occupancy sensors 148 10.2.3.2.2 Daylight sensors 149 10.2.3.2.3 Smart thermostats 149 10.2.3.2.4 IP cameras 149 10.2.3.2.5 Smart meters 149 10.2.3.2.6 Smart locks 150 10.2.3.2.7 Smoke detectors 150 10.2.3.2.8 Gateways 150   10.2.4 MANUFACTURING 150 10.2.4.1 Increasing adoption of Industry 4.0 & 5.0 principles to propel market 150 10.2.4.2 IoT technology-based products used in manufacturing sector 152 10.2.4.2.1 Temperature sensors 152 10.2.4.2.2 Pressure sensors 152 10.2.4.2.3 Level sensors 152 10.2.4.2.4 Flow sensors 152 10.2.4.2.5 Chemical sensors 152 10.2.4.2.6 Humidity sensors 152 10.2.4.2.7 Motion & position sensors 152 10.2.4.2.8 Image sensors 153 10.2.4.2.9 Gateways 153 10.2.5 RETAIL 153 10.2.5.1 Growing popularity of digital signage and intelligent vending machines to drive market 153 10.2.5.2 IoT technology-based products used in retail sector 154 10.2.5.2.1 Intelligent vending machines 154 10.2.5.2.2 Contactless checkout 155 10.2.5.2.3 Smart mirrors 155 10.2.5.2.4 Smart shopping carts 155 10.2.5.2.5 Digital signage 155 10.2.5.2.6 Smart tags 155 10.2.5.2.7 Wireless beacons 155 10.2.5.2.8 Gateways 156 10.2.6 BFSI 156 10.2.6.1 Increasing deployment of IoT technology and rising competition in fintech sector to boost market 156 10.2.6.2 IoT technology-based products in BFSI sector 157 10.2.6.2.1 Mobile point of sale 157 10.2.6.2.2 Smart kiosk/Interactive kiosk 157 10.2.6.2.3 Gateways 157 10.2.7 OIL & GAS 157 10.2.7.1 Rising convergence of machines and intelligent data to boost market 157 10.2.7.2 IoT technology-based products in oil & gas industry 158 10.2.7.2.1 Temperature sensors 158 10.2.7.2.2 Pressure sensors 159 10.2.7.2.3 Level sensors 159 10.2.7.2.4 Flow sensors 159 10.2.7.2.5 Image sensors 159 10.2.7.2.6 Gateways 159 10.2.7.2.7 Other sensors 159   10.2.8 AGRICULTURE 159 10.2.8.1 Increasing trend of crop monitoring and analyzing soil conditions to drive market 159 10.2.8.2 IoT technology-based products used in agriculture sector 161 10.2.8.2.1 Climate sensors 161 10.2.8.2.2 Soil moisture sensors 161 10.2.8.2.3 Level sensors 161 10.2.8.2.4 Gateways 161 10.2.9 AEROSPACE & DEFENSE 161 10.2.9.1 Rising focus on improving efficiency, passenger safety, security, and experience to boost demand 161 10.2.9.2 IoT technology-based products used in aerospace & defense sector 162 10.2.9.2.1 Smart baggage tags 162 10.2.9.2.2 Smart beacons 162 10.2.9.2.3 ePassport gates 162 10.2.9.2.4 Drones/Unmanned Aerial Vehicles 163 10.2.9.2.5 Gateways 163 10.3 CONSUMER APPLICATIONS 163 10.3.1 WEARABLE DEVICES 164 10.3.1.1 Escalating demand for smartwatches to drive market 164 10.3.1.2 IoT technology-based products used in wearable device industry 164 10.3.1.2.1 Activity monitors 164 10.3.1.2.2 Smartwatches 164 10.3.1.2.3 Smart glasses 165 10.3.1.2.4 Body-worn cameras 165 10.3.2 CONSUMER ELECTRONICS 166 10.3.2.1 Ability to measure and control energy usage to boost demand 166 10.3.2.2 IoT technology-based products used in consumer electronics industry 166 10.3.2.2.1 Smart lighting devices 166 10.3.2.2.2 Smart TVs 166 10.3.2.2.3 Smart washing machines 166 10.3.2.2.4 Smart dryers 167 10.3.2.2.5 Smart refrigerators 167 10.3.2.2.6 Smart ovens 167 10.3.2.2.7 Smart cooktops 167 10.3.2.2.8 Smart cookers 167 10.3.2.2.9 Smart deep freezers 168 10.3.2.2.10 Smart dishwashers 168 10.3.2.2.11 Smart coffee makers 168 10.3.2.2.12 Smart kettles 168 10.3.2.2.13 Gateways 168   11 IOT TECHNOLOGY MARKET, BY REGION 171 11.1 INTRODUCTION 172 11.2 NORTH AMERICA 173 11.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA 173 11.2.2 US 177 11.2.2.1 Increasing R&D in IoT to contribute to growth 177 11.2.3 CANADA 178 11.2.3.1 Increasing establishment of data centers to fuel growth 178 11.2.4 MEXICO 179 11.2.4.1 Rising preference for new technologies in manufacturing sector to aid growth 179 11.3 EUROPE 180 11.3.1 MACROECONOMIC OUTLOOK FOR EUROPE 180 11.3.2 UK 184 11.3.2.1 Presence of robust digital infrastructure to fuel market 184 11.3.3 GERMANY 185 11.3.3.1 Increased adoption of IoT solutions by automotive and manufacturing sectors to boost demand 185 11.3.4 FRANCE 186 11.3.4.1 Rising demand for portable electronics to propel market 186 11.3.5 ITALY 187 11.3.5.1 Surge in digital transformation in manufacturing, smart cities, and home automation to drive market 187 11.3.6 SPAIN 188 11.3.6.1 Increasing innovations in home automation, connected retail, and urban infrastructure to aid growth 188 11.3.7 POLAND 189 11.3.7.1 Increasing integration of IoT in utilities, logistics, finance, and construction to boost market 189 11.3.8 NORDICS 190 11.3.8.1 Increasing penetration of smart homes to foster growth 190 11.3.9 REST OF EUROPE 190 11.4 ASIA PACIFIC 191 11.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC 191 11.4.2 CHINA 195 11.4.2.1 Booming manufacturing sector to drive market 195 11.4.3 JAPAN 196 11.4.3.1 Rising emphasis on developing robotics to boost demand 196 11.4.4 SOUTH KOREA 197 11.4.4.1 Growing R&D for IoT technologies to drive market 197 11.4.5 INDIA 199 11.4.5.1 Expanding internet and smartphone penetration to aid growth 199   11.4.6 AUSTRALIA 199 11.4.6.1 Favorable government initiatives and strong connectivity infrastructure to boost market 199 11.4.7 INDONESIA 200 11.4.7.1 Rising adoption of digital services and growing demand for connected devices to propel market 200 11.4.8 MALAYSIA 201 11.4.8.1 Favorable policy framework and 5G rollout to foster growth 201 11.4.9 THAILAND 202 11.4.9.1 Increasing focus on digital transformation and innovation-led initiatives to boost market 202 11.4.10 VIETNAM 203 11.4.10.1 Digital transformation programs to support growth 203 11.4.11 REST OF ASIA PACIFIC 204 11.5 REST OF THE WORLD 204 11.5.1 MACROECONOMIC OUTLOOK FOR REST OF THE WORLD 204 11.5.2 SOUTH AMERICA 208 11.5.2.1 Growing digitalization initiatives and increased adoption of connected devices to drive market 208 11.5.3 MIDDLE EAST 208 11.5.3.1 Bahrain 209 11.5.3.1.1 Rising government-led digital transformation programs and smart city initiatives to aid growth 209 11.5.3.2 Kuwait 209 11.5.3.2.1 Increasing emphasis on industrial automation and digital services to propel market 209 11.5.3.3 Oman 209 11.5.3.3.1 Growing use of IoT in oil & gas, utilities, transportation, and healthcare to boost market 209 11.5.3.4 Qatar 209 11.5.3.4.1 Increasing advancements in smart transportation, energy management, and healthcare to spur growth 209 11.5.3.5 Saudi Arabia 210 11.5.3.5.1 Rise in digitalization, industrial automation, and smart urban planning to drive market 210 11.5.3.6 UAE 210 11.5.3.6.1 Widespread rollout of 5G and investments in AI-enabled IoT solutions to facilitate growth 210 11.5.3.7 Rest of Middle East 210 11.5.4 AFRICA 210 11.5.4.1 South Africa 211 11.5.4.1.1 Increasing implementation of IoT solutions in traffic management and energy optimization to boost market 211 11.5.4.2 Other African Countries 211   12 COMPETITIVE LANDSCAPE 212 12.1 OVERVIEW 212 12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 212 12.3 REVENUE ANALYSIS, 2021–2024 214 12.4 MARKET SHARE ANALYSIS, 2024 215 12.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024 217 12.6 BRAND/PRODUCT COMPARISON 218 12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 218 12.7.1 STARS 218 12.7.2 EMERGING LEADERS 219 12.7.3 PERVASIVE PLAYERS 219 12.7.4 PARTICIPANTS 219 12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024 220 12.7.5.1 Company footprint 220 12.7.5.2 Region footprint 220 12.7.5.3 Node component footprint 221 12.7.5.4 Software solution footprint 222 12.7.5.5 Service footprint 222 12.7.5.6 End-use application footprint 223 12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 223 12.8.1 PROGRESSIVE COMPANIES 223 12.8.2 RESPONSIVE COMPANIES 224 12.8.3 DYNAMIC COMPANIES 224 12.8.4 STARTING BLOCKS 224 12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024 225 12.8.5.1 Detailed list of key startups/SMEs 225 12.8.5.2 Competitive benchmarking of key startups/SMEs 225 12.9 COMPETITIVE SCENARIO 226 12.9.1 PRODUCT LAUNCHES 226 12.9.2 DEALS 227 12.9.3 EXPANSIONS 228 13 COMPANY PROFILES 229 13.1 INTRODUCTION 229 13.2 KEY PLAYERS 229 13.2.1 INTEL CORPORATION 229 13.2.1.1 Business overview 229 13.2.1.2 Products offered 231 13.2.1.3 Recent developments 232 13.2.1.3.1 Product launches 232 13.2.1.3.2 Deals 234   13.2.1.4 MnM view 235 13.2.1.4.1 Key strengths 235 13.2.1.4.2 Strategic choices 235 13.2.1.4.3 Weaknesses and competitive threats 235 13.2.2 QUALCOMM TECHNOLOGIES, INC. 236 13.2.2.1 Business overview 236 13.2.2.2 Products offered 237 13.2.2.3 Recent developments 238 13.2.2.3.1 Product launches 238 13.2.2.3.2 Deals 240 13.2.2.4 MnM view 241 13.2.2.4.1 Key strengths 241 13.2.2.4.2 Strategic choices 241 13.2.2.4.3 Weaknesses and competitive threats 241 13.2.3 TEXAS INSTRUMENTS INCORPORATED 242 13.2.3.1 Business overview 242 13.2.3.2 Products offered 243 13.2.3.3 Recent developments 244 13.2.3.3.1 Product launches 244 13.2.3.3.2 Expansions 246 13.2.3.4 MnM view 246 13.2.3.4.1 Key strengths 246 13.2.3.4.2 Strategic choices 246 13.2.3.4.3 Weaknesses and competitive threats 246 13.2.4 STMICROELECTRONICS 247 13.2.4.1 Business overview 247 13.2.4.2 Products offered 248 13.2.4.3 Recent developments 249 13.2.4.3.1 Product launches 249 13.2.4.3.2 Deals 251 13.2.4.4 MnM view 252 13.2.4.4.1 Key strengths 252 13.2.4.4.2 Strategic choices 253 13.2.4.4.3 Weaknesses and competitive threats 253 13.2.5 IBM 254 13.2.5.1 Business overview 254 13.2.5.2 Products offered 255 13.2.5.3 Recent developments 256 13.2.5.3.1 Product launches 256 13.2.5.3.2 Deals 256   13.2.5.4 MnM view 257 13.2.5.4.1 Key strengths 257 13.2.5.4.2 Strategic choices 257 13.2.5.4.3 Weaknesses and competitive threats 257 13.2.6 HP INC. 258 13.2.6.1 Business overview 258 13.2.6.2 Products offered 259 13.2.6.3 Recent developments 260 13.2.6.3.1 Deals 260 13.2.6.3.2 Expansions 261 13.2.7 CISCO SYSTEMS, INC. 262 13.2.7.1 Business overview 262 13.2.7.2 Products offered 263 13.2.7.3 Recent developments 265 13.2.7.3.1 Product launches 265 13.2.7.3.2 Deals 266 13.2.8 MICROSOFT 267 13.2.8.1 Business overview 267 13.2.8.2 Products offered 268 13.2.8.3 Recent developments 270 13.2.8.3.1 Deals 270 13.2.9 PTC 272 13.2.9.1 Business overview 272 13.2.9.2 Products offered 273 13.2.9.3 Recent developments 274 13.2.9.3.1 Product launches 274 13.2.9.3.2 Deals 274 13.2.10 AMAZON WEB SERVICES, INC. 276 13.2.10.1 Business overview 276 13.2.10.2 Products offered 276 13.2.10.3 Recent developments 277 13.2.10.3.1 Product launches 277 13.2.10.3.2 Deals 278 13.3 OTHER PLAYERS 279 13.3.1 GENERAL ELECTRIC COMPANY 279 13.3.2 SOFTEQ DEVELOPMENT CORP. 280 13.3.3 SCIENCESOFT USA CORPORATION 281 13.3.4 ORACLE 282 13.3.5 SIEMENS 283 13.3.6 SAP SE 284 13.3.7 ROBERT BOSCH GMBH 284 13.3.8 HUAWEI TECHNOLOGIES CO., LTD. 285 13.3.9 SCHNEIDER ELECTRIC 286 13.3.10 ARM LIMITED 287 13.3.11 NXP SEMICONDUCTORS N.V. 288 13.3.12 TE CONNECTIVITY 289 13.3.13 SOFTWARE AG 290 13.3.14 MICROCHIP TECHNOLOGY INC. 290 13.3.15 VATES 292 13.3.16 CELLHIRE PLC 292 13.3.17 CLEARBLADE 293 13.3.18 SOLULAB INC. 293 13.3.19 KONSTANT INFOSOLUTIONS 294 13.3.20 BINARIKS INC. 294 14 APPENDIX 295 14.1 DISCUSSION GUIDE 295 14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 298 14.3 CUSTOMIZATION OPTIONS 300 14.4 RELATED REPORTS 300 14.5 AUTHOR DETAILS 301

TABLE 1 IOT TECHNOLOGY MARKET: INCLUSIONS AND EXCLUSIONS 33 TABLE 2 AVERAGE SELLING PRICE OF NODE COMPONENTS, BY TYPE, 2021–2024 (USD) 64 TABLE 3 AVERAGE SELLING PRICE ANALYSIS OF NODE COMPONENTS, BY KEY PLAYER, 2024 (USD) 65 TABLE 4 IOT TECHNOLOGY MARKET: ROLES OF COMPANIES IN ECOSYSTEM 69 TABLE 5 PATENT REGISTRATIONS RELATED TO IOT TECHNOLOGY, 2022–2023 73 TABLE 6 IOT TECHNOLOGY MARKET: KEY CONFERENCES AND EVENTS, 2025–2026 76 TABLE 7 STANDARDS FOR IOT TECHNOLOGY MARKET 80 TABLE 8 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82 TABLE 9 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82 TABLE 10 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83 TABLE 11 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 84 TABLE 12 IOT TECHNOLOGY MARKET: PORTER'S FIVE FORCES ANALYSIS 85 TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE APPLICATION (%) 87 TABLE 14 KEY BUYING CRITERIA, BY END-USE APPLICATION 88 TABLE 15 US ADJUSTED RECIPROCAL TARIFF RATES 90 TABLE 16 IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 94 TABLE 17 IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 95 TABLE 18 IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (MILLION UNITS) 95 TABLE 19 IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (MILLION UNITS) 95 TABLE 20 IOT TECHNOLOGY MARKET FOR NODE COMPONENTS, BY REGION, 2021–2024 (USD BILLION) 96 TABLE 21 IOT TECHNOLOGY MARKET FOR NODE COMPONENTS, BY REGION, 2025–2030 (USD BILLION) 96 TABLE 22 IOT TECHNOLOGY MARKET FOR PROCESSORS, BY TYPE, 2021–2024 (USD BILLION) 97 TABLE 23 IOT TECHNOLOGY MARKET FOR PROCESSORS, BY TYPE, 2025–2030 (USD BILLION) 97 TABLE 24 IOT TECHNOLOGY MARKET FOR PROCESSORS, BY END-USE APPLICATION, 2021–2024 (USD BILLION) 97 TABLE 25 IOT TECHNOLOGY MARKET FOR PROCESSORS, BY END-USE APPLICATION, 2025–2030 (USD BILLION) 98 TABLE 26 IOT TECHNOLOGY MARKET FOR SENSORS, BY TYPE, 2021–2024 (USD BILLION) 100 TABLE 27 IOT TECHNOLOGY MARKET FOR SENSORS, BY TYPE, 2025–2030 (USD BILLION) 101 TABLE 28 IOT TECHNOLOGY MARKET FOR SENSORS, BY END-USE APPLICATION, 2021–2024 (USD BILLION) 101 TABLE 29 IOT TECHNOLOGY MARKET FOR SENSORS, BY END-USE APPLICATION, 2025–2030 (USD BILLION) 101 TABLE 30 IOT TECHNOLOGY MARKET FOR CONNECTIVITY ICS, BY CONNECTIVITY TECHNOLOGY, 2021–2024 (USD BILLION) 108 TABLE 31 IOT TECHNOLOGY MARKET FOR CONNECTIVITY ICS, BY CONNECTIVITY TECHNOLOGY, 2025–2030 (USD BILLION) 108 TABLE 32 IOT TECHNOLOGY MARKET FOR CONNECTIVITY ICS, BY END-USE APPLICATION, 2021–2024 (USD BILLION) 108 TABLE 33 IOT TECHNOLOGY MARKET FOR CONNECTIVITY ICS, BY END-USE APPLICATION, 2025–2030 (USD BILLION) 109 TABLE 34 IOT TECHNOLOGY MARKET FOR CONNECTIVITY ICS, BY WIRED TECHNOLOGY, 2021–2024 (USD BILLION) 110 TABLE 35 IOT TECHNOLOGY MARKET FOR CONNECTIVITY ICS, BY WIRED TECHNOLOGY, 2025–2030 (USD BILLION) 111 TABLE 36 IOT TECHNOLOGY MARKET FOR CONNECTIVITY ICS, BY WIRELESS TECHNOLOGY, 2021–2024 (USD BILLION) 114 TABLE 37 IOT TECHNOLOGY MARKET FOR MEMORY DEVICES, BY TYPE, 2021–2024 (USD BILLION) 115 TABLE 38 IOT TECHNOLOGY MARKET FOR MEMORY DEVICES, BY TYPE, 2025–2030 (USD BILLION) 115 TABLE 39 IOT TECHNOLOGY MARKET FOR MEMORY DEVICES, BY END-USE APPLICATION, 2021–2024 (USD BILLION) 115 TABLE 40 IOT TECHNOLOGY MARKET FOR MEMORY DEVICES, BY END-USE APPLICATION, 2025–2030 (USD BILLION) 115 TABLE 41 IOT TECHNOLOGY MARKET FOR LOGIC DEVICES, BY END-USE APPLICATION, 2021–2024 (USD BILLION) 116 TABLE 42 IOT TECHNOLOGY MARKET FOR LOGIC DEVICES, BY END-USE APPLICATION, 2025–2030 (USD BILLION) 117 TABLE 43 IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2021–2024 (USD BILLION) 119 TABLE 44 IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2025–2030 (USD BILLION) 120 TABLE 45 IOT TECHNOLOGY MARKET FOR SOFTWARE SOLUTIONS, BY REGION, 2021–2024 (USD BILLION) 120 TABLE 46 IOT TECHNOLOGY MARKET FOR SOFTWARE SOLUTIONS, BY REGION, 2025–2030 (USD BILLION) 120 TABLE 47 IOT TECHNOLOGY MARKET, BY PLATFORM, 2021–2024 (USD BILLION) 125 TABLE 48 IOT TECHNOLOGY MARKET, BY PLATFORM, 2025–2030 (USD BILLION) 125 TABLE 49 IOT TECHNOLOGY MARKET FOR PLATFORM, BY REGION, 2021–2024 (USD BILLION) 126 TABLE 50 IOT TECHNOLOGY MARKET FOR PLATFORM, BY REGION, 2025–2030 (USD BILLION) 126 TABLE 51 IOT TECHNOLOGY MARKET, BY SERVICE, 2021–2024 (USD BILLION) 130 TABLE 52 IOT TECHNOLOGY MARKET, BY SERVICE, 2025–2030 (USD BILLION) 130 TABLE 53 IOT TECHNOLOGY MARKET FOR SERVICES, BY REGION, 2021–2024 (USD BILLION) 131 TABLE 54 IOT TECHNOLOGY MARKET FOR SERVICES, BY REGION, 2025–2030 (USD BILLION) 131 TABLE 55 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION, 2021–2024 (USD BILLION) 136 TABLE 56 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION, 2025–2030 (USD BILLION) 136 TABLE 57 IOT TECHNOLOGY MARKET FOR INDUSTRIAL APPLICATIONS, BY TYPE, 2021–2024 (USD BILLION) 137 TABLE 58 IOT TECHNOLOGY MARKET FOR CONSUMER APPLICATIONS, BY TYPE, 2021–2024 (USD BILLION) 137 TABLE 59 IOT TECHNOLOGY MARKET FOR CONSUMER APPLICATIONS, BY TYPE, 2025–2030 (USD BILLION) 137 TABLE 60 IOT TECHNOLOGY MARKET FOR HEALTHCARE, BY DEVICE TYPE, 2021–2024 (USD MILLION) 139 TABLE 61 IOT TECHNOLOGY MARKET FOR HEALTHCARE, BY DEVICE TYPE, 2025–2030 (USD MILLION) 139 TABLE 62 IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY TYPE, 2021–2024 (USD MILLION) 143 TABLE 63 IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY TYPE, 2025–2030 (USD MILLION) 143 TABLE 64 IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION, BY TYPE, 2021–2024 (USD BILLION) 148 TABLE 65 IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION, BY TYPE, 2025–2030 (USD BILLION) 148 TABLE 66 IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY TYPE, 2021–2024 (USD MILLION) 151 TABLE 67 IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY TYPE, 2025–2030 (USD MILLION) 151 TABLE 68 IOT TECHNOLOGY MARKET FOR RETAIL, BY TYPE, 2021–2024 (USD BILLION) 154 TABLE 69 IOT TECHNOLOGY MARKET FOR RETAIL, BY TYPE, 2025–2030 (USD BILLION) 154 TABLE 70 IOT TECHNOLOGY MARKET FOR BFSI, BY TYPE, 2021–2024 (USD MILLION) 156 TABLE 71 IOT TECHNOLOGY MARKET FOR BFSI, BY TYPE, 2025–2030 (USD MILLION) 157 TABLE 72 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY TYPE, 2021–2024 (USD MILLION) 158 TABLE 73 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY TYPE, 2025–2030 (USD THOUSAND) 158 TABLE 74 IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY TYPE, 2021–2024 (USD MILLION) 160 TABLE 75 IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY TYPE, 2025–2030 (USD MILLION) 160 TABLE 76 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY TYPE, 2021–2024 (USD MILLION) 161 TABLE 77 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY TYPE, 2025–2030 (USD MILLION) 162 TABLE 78 IOT TECHNOLOGY MARKET FOR CONSUMER APPLICATIONS, BY NODE COMPONENT, 2021–2024 (USD BILLION) 163 TABLE 79 IOT TECHNOLOGY MARKET FOR CONSUMER APPLICATIONS, BY NODE COMPONENT, 2025–2030 (USD BILLION) 164 TABLE 80 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES, BY TYPE, 2021–2024 (USD BILLION) 165 TABLE 81 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES, BY TYPE, 2025–2030 (USD BILLION) 165 TABLE 82 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS, BY TYPE, 2021–2024 (USD BILLION) 169 TABLE 83 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS, BY TYPE, 2025–2030 (USD MILLION) 169 TABLE 84 IOT TECHNOLOGY MARKET, BY REGION, 2021–2024 (USD BILLION) 172 TABLE 85 IOT TECHNOLOGY MARKET, BY REGION, 2025–2030 (USD BILLION) 173 TABLE 86 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY COUNTRY, 2021–2024 (USD BILLION) 174 TABLE 87 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY COUNTRY, 2025–2030 (USD BILLION) 174 TABLE 88 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 175 TABLE 89 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 175 TABLE 90 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2021–2024 (USD BILLION) 175 TABLE 91 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2025–2030 (USD BILLION) 176 TABLE 92 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY PLATFORM, 2021–2024 (USD BILLION) 176 TABLE 93 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY PLATFORM, 2025–2030 (USD BILLION) 176 TABLE 94 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY SERVICE, 2021–2024 (USD BILLION) 176 TABLE 95 NORTH AMERICA: IOT TECHNOLOGY MARKET, BY SERVICE, 2025–2030 (USD BILLION) 177 TABLE 96 US: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 177 TABLE 97 US: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 178 TABLE 98 CANADA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 178 TABLE 99 CANADA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 179 TABLE 100 MEXICO: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 179 TABLE 101 MEXICO: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 180 TABLE 102 EUROPE: IOT TECHNOLOGY MARKET, BY COUNTRY, 2021–2024 (USD BILLION) 181 TABLE 103 EUROPE: IOT TECHNOLOGY MARKET, BY COUNTRY, 2025–2030 (USD BILLION) 182 TABLE 104 EUROPE: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 182 TABLE 105 EUROPE: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD MILLION) 182 TABLE 106 EUROPE: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2021–2024 (USD BILLION) 183 TABLE 107 EUROPE: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2025–2030 (USD BILLION) 183 TABLE 108 EUROPE: IOT TECHNOLOGY MARKET, BY PLATFORM, 2021–2024 (USD BILLION) 183 TABLE 109 EUROPE: IOT TECHNOLOGY MARKET, BY PLATFORM, 2025–2030 (USD BILLION) 183 TABLE 110 EUROPE: IOT TECHNOLOGY MARKET, BY SERVICE, 2021–2024 (USD BILLION) 184 TABLE 111 EUROPE: IOT TECHNOLOGY MARKET, BY SERVICE, 2025–2030 (USD BILLION) 184 TABLE 112 UK: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 185 TABLE 113 UK: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 185 TABLE 114 GERMANY: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 186 TABLE 115 GERMANY: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 186 TABLE 116 FRANCE: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 187 TABLE 117 FRANCE: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 187 TABLE 118 ITALY: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 188 TABLE 119 ITALY: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 188 TABLE 120 SPAIN: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 188 TABLE 121 SPAIN: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 189 TABLE 122 POLAND: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 189 TABLE 123 POLAND: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 189 TABLE 124 NORDICS: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 190 TABLE 125 NORDICS: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 190 TABLE 126 REST OF EUROPE: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 191 TABLE 127 REST OF EUROPE: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 191 TABLE 128 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY COUNTRY, 2021–2024 (USD BILLION) 192 TABLE 129 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY COUNTRY, 2025–2030 (USD BILLION) 193 TABLE 130 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 193 TABLE 131 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD MILLION) 193 TABLE 132 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2021–2024 (USD BILLION) 194 TABLE 133 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2025–2030 (USD BILLION) 194 TABLE 134 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY PLATFORM, 2021–2024 (USD BILLION) 194 TABLE 135 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY PLATFORM, 2025–2030 (USD BILLION) 194 TABLE 136 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY SERVICE, 2021–2024 (USD BILLION) 195 TABLE 137 ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY SERVICE, 2025–2030 (USD BILLION) 195 TABLE 138 CHINA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 196 TABLE 139 CHINA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 196 TABLE 140 JAPAN: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 197 TABLE 141 JAPAN: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 197 TABLE 142 SOUTH KOREA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 198 TABLE 143 SOUTH KOREA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 198 TABLE 144 INDIA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 199 TABLE 145 INDIA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 199 TABLE 146 AUSTRALIA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 200 TABLE 147 AUSTRALIA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 200 TABLE 148 INDONESIA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 201 TABLE 149 INDONESIA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 201 TABLE 150 MALAYSIA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 201 TABLE 151 MALAYSIA: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 202 TABLE 152 THAILAND: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 202 TABLE 153 THAILAND: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 203 TABLE 154 VIETNAM: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 203 TABLE 155 VIETNAM: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 203 TABLE 156 REST OF ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 204 TABLE 157 REST OF ASIA PACIFIC: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD BILLION) 204 TABLE 158 REST OF THE WORLD: IOT TECHNOLOGY MARKET, BY COUNTRY, 2021–2024 (USD BILLION) 205 TABLE 159 REST OF THE WORLD: IOT TECHNOLOGY MARKET, BY COUNTRY, 2025–2030 (USD BILLION) 205 TABLE 160 REST OF THE WORLD: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2024 (USD BILLION) 205 TABLE 161 REST OF THE WORLD: IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2025–2030 (USD MILLION) 206 TABLE 162 REST OF THE WORLD: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2021–2024 (USD BILLION) 206 TABLE 163 REST OF THE WORLD: IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2025–2030 (USD BILLION) 206 TABLE 164 REST OF THE WORLD: IOT TECHNOLOGY MARKET, BY PLATFORM, 2021–2024 (USD BILLION) 207 TABLE 165 REST OF THE WORLD: IOT TECHNOLOGY MARKET, BY PLATFORM, 2025–2030 (USD BILLION) 207 TABLE 166 REST OF THE WORLD: IOT TECHNOLOGY MARKET, BY SERVICE, 2021–2024 (USD BILLION) 207 TABLE 167 REST OF THE WORLD: IOT TECHNOLOGY MARKET, BY SERVICE, 2025–2030 (USD BILLION) 207 TABLE 168 IOT TECHNOLOGY MARKET: KEY PLAYER STRATEGIES/RIGHT TO WIN, JANUARY 2021–AUGUST 2025 212 TABLE 169 IOT TECHNOLOGY MARKET: DEGREE OF COMPETITION, 2024 215 TABLE 170 IOT TECHNOLOGY MARKET: REGION FOOTPRINT 220 TABLE 171 IOT TECHNOLOGY MARKET: NODE COMPONENT FOOTPRINT 221 TABLE 172 IOT TECHNOLOGY MARKET: SOFTWARE SOLUTION FOOTPRINT 222 TABLE 173 IOT TECHNOLOGY MARKET: SERVICE FOOTPRINT 222 TABLE 174 IOT TECHNOLOGY MARKET: END-USE APPLICATION FOOTPRINT 223 TABLE 175 IOT TECHNOLOGY MARKET: DETAILED LIST OF KEY STARTUPS/SMES 225 TABLE 176 IOT TECHNOLOGY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 225 TABLE 177 IOT TECHNOLOGY MARKET: PRODUCT LAUNCHES, MAY 2020–OCTOBER 2024 226 TABLE 178 IOT TECHNOLOGY MARKET: DEALS, APRIL 2021–MARCH 2025 227 TABLE 179 IOT TECHNOLOGY MARKET: EXPANSIONS, JUNE 2023 228 TABLE 180 INTEL CORPORATION: COMPANY OVERVIEW 230 TABLE 181 INTEL CORPORATION: PRODUCTS OFFERED 231 TABLE 182 INTEL CORPORATION: PRODUCT LAUNCHES 232 TABLE 183 INTEL CORPORATION: DEALS 234 TABLE 184 QUALCOMM TECHNOLOGIES, INC.: COMPANY OVERVIEW 236 TABLE 185 QUALCOMM TECHNOLOGIES, INC.: PRODUCTS OFFERED 237 TABLE 186 QUALCOMM TECHNOLOGIES, INC.: PRODUCT LAUNCHES 238 TABLE 187 QUALCOMM TECHNOLOGIES, INC.: DEALS 240 TABLE 188 TEXAS INSTRUMENTS INCORPORATED: COMPANY OVERVIEW 242 TABLE 189 TEXAS INSTRUMENTS INCORPORATED: PRODUCTS OFFERED 243 TABLE 190 TEXAS INSTRUMENTS INCORPORATED: PRODUCT LAUNCHES 244 TABLE 191 TEXAS INSTRUMENTS INCORPORATED: EXPANSIONS 246 TABLE 192 STMICROELECTRONICS: COMPANY OVERVIEW 247 TABLE 193 STMICROELECTRONICS: PRODUCTS OFFERED 248 TABLE 194 STMICROELECTRONICS: PRODUCT LAUNCHES 249 TABLE 195 STMICROELECTRONICS: DEALS 251 TABLE 196 IBM: COMPANY OVERVIEW 254 TABLE 197 IBM: PRODUCTS OFFERED 255 TABLE 198 IBM: PRODUCT LAUNCHES 256 TABLE 199 IBM: DEALS 256 TABLE 200 HP INC.: COMPANY OVERVIEW 258 TABLE 201 HP INC.: PRODUCTS OFFERED 259 TABLE 202 HP INC.: DEALS 260 TABLE 203 HP INC.: EXPANSIONS 261 TABLE 204 CISCO SYSTEMS, INC.: COMPANY OVERVIEW 262 TABLE 205 CISCO SYSTEMS, INC.: PRODUCTS OFFERED 263 TABLE 206 CISCO SYSTEMS, INC.: PRODUCT LAUNCHES 265 TABLE 207 CISCO SYSTEMS, INC.: DEALS 266 TABLE 208 MICROSOFT: COMPANY OVERVIEW 267 TABLE 209 MICROSOFT: PRODUCTS OFFERED 268 TABLE 210 MICROSOFT: DEALS 270 TABLE 211 PTC: COMPANY OVERVIEW 272 TABLE 212 PTC: PRODUCTS OFFERED 273 TABLE 213 PTC: PRODUCT LAUNCHES 274 TABLE 214 PTC: DEALS 274 TABLE 215 AMAZON WEB SERVICES, INC.: COMPANY OVERVIEW 276 TABLE 216 AMAZON WEB SERVICES, INC.: PRODUCTS OFFERED 276 TABLE 217 AMAZON WEB SERVICES, INC.: PRODUCT LAUNCHES 277 TABLE 218 AMAZON WEB SERVICES, INC.: DEALS 278 TABLE 219 GENERAL ELECTRIC COMPANY: COMPANY OVERVIEW 279 TABLE 220 SOFTEQ DEVELOPMENT CORP.: COMPANY OVERVIEW 280 TABLE 221 SCIENCESOFT USA CORPORATION: COMPANY OVERVIEW 281 TABLE 222 ORACLE: COMPANY OVERVIEW 282 TABLE 223 SIEMENS: COMPANY OVERVIEW 283 TABLE 224 SAP SE: COMPANY OVERVIEW 284 TABLE 225 ROBERT BOSCH GMBH: COMPANY OVERVIEW 284 TABLE 226 HUAWEI TECHNOLOGIES CO., LTD.: COMPANY OVERVIEW 285 TABLE 227 SCHNEIDER ELECTRIC: COMPANY OVERVIEW 286 TABLE 228 ARM LIMITED: COMPANY OVERVIEW 287 TABLE 229 NXP SEMICONDUCTORS N.V.: COMPANY OVERVIEW 288 TABLE 230 TE CONNECTIVITY: COMPANY OVERVIEW 289 TABLE 231 SOFTWARE AG: COMPANY OVERVIEW 290 TABLE 232 MICROCHIP TECHNOLOGY INC.: COMPANY OVERVIEW 290 TABLE 233 VATES: COMPANY OVERVIEW 292 TABLE 234 CELLHIRE PLC: COMPANY OVERVIEW 292 TABLE 235 CLEARBLADE: COMPANY OVERVIEW 293 TABLE 236 SOLULAB INC.: COMPANY OVERVIEW 293 TABLE 237 KONSTANT INFOSOLUTIONS: COMPANY OVERVIEW 294 TABLE 238 BINARIKS INC.: COMPANY OVERVIEW 294 FIGURE 1 IOT TECHNOLOGY MARKET SEGMENTATION AND REGIONAL SCOPE 32 FIGURE 2 IOT TECHNOLOGY MARKET: RESEARCH DESIGN 37 FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 43 FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 44 FIGURE 5 DATA TRIANGULATION 44 FIGURE 6 PROCESSORS SEGMENT DOMINATED IOT TECHNOLOGY MARKET IN 2024 47 FIGURE 7 DATA MANAGEMENT SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 47 FIGURE 8 NETWORK MANAGEMENT SEGMENT TO HAVE LARGEST MARKET SHARE IN 2024 48 FIGURE 9 PROFESSIONAL SERVICES SEGMENT TO HAVE LARGER MARKET SHARE DURING FORECAST PERIOD 48 FIGURE 10 CONSUMER APPLICATIONS SEGMENT TO HOLD LARGEST MARKET SHARE FROM 2025 TO 2030 49 FIGURE 11 IOT TECHNOLOGY MARKET, BY REGION, 2024 49 FIGURE 12 GROWING PENETRATION OF INTERNET WORLDWIDE AND ADOPTION OF CLOUD-BASED SERVICES TO DRIVE MARKET 51 FIGURE 13 MANAGED SERVICES MARKET TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 51 FIGURE 14 APPLICATION MANAGEMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 52 FIGURE 15 REMOTE MONITORING SEGMENT TO HAVE HIGHER GROWTH RATE DURING FORECAST PERIOD 52 FIGURE 16 PROCESSORS AND US LED NORTH AMERICAN IOT TECHNOLOGY MARKET IN 2024 53 FIGURE 17 CHINA TO DOMINATE IOT TECHNOLOGY MARKET DURING FORECAST PERIOD 53 FIGURE 18 IOT TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 54 FIGURE 19 GLOBAL INTERNET PENETRATION TILL 2024, BY REGION (%) 55 FIGURE 20 IOT TECHNOLOGY MARKET: IMPACT ANALYSIS OF DRIVERS 57 FIGURE 21 IOT TECHNOLOGY MARKET: IMPACT ANALYSIS OF RESTRAINTS 58 FIGURE 22 IOT TECHNOLOGY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 61 FIGURE 23 IOT TECHNOLOGY MARKET: IMPACT ANALYSIS OF CHALLENGES 63 FIGURE 24 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 63 FIGURE 25 AVERAGE SELLING PRICE TREND OF NODE COMPONENTS, 2021–2024 (USD) 64 FIGURE 26 AVERAGE SELLING PRICE ANALYSIS OF NODE COMPONENTS, BY KEY PLAYER, 2024 65 FIGURE 27 AVERAGE SELLING PRICE TREND OF LOGIC DEVICES, BY REGION, 2021–2024 (USD) 66 FIGURE 28 IOT TECHNOLOGY MARKET: VALUE CHAIN ANALYSIS 67 FIGURE 29 IOT TECHNOLOGY MARKET: ECOSYSTEM ANALYSIS 68 FIGURE 30 INVESTMENT AND FUNDING SCENARIO, 2021–2024 (USD BILLION) 70 FIGURE 31 IOT TECHNOLOGY MARKET: PATENT ANALYSIS, 2014–2024 73 FIGURE 32 IMPORT DATA FOR HS CODE 841510-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION) 75 FIGURE 33 EXPORT DATA FOR HS CODE 841510-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION) 76 FIGURE 34 IOT TECHNOLOGY MARKET: PORTER'S FIVE FORCES ANALYSIS 85 FIGURE 35 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE APPLICATION 87 FIGURE 36 KEY BUYING CRITERIA, BY END-USE APPLICATION 88 FIGURE 37 IOT TECHNOLOGY MARKET, BY NODE COMPONENT 94 FIGURE 38 IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION 119 FIGURE 39 IOT TECHNOLOGY MARKET, BY PLATFORM 125 FIGURE 40 IOT TECHNOLOGY MARKET, BY SERVICE 130 FIGURE 41 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION 136 FIGURE 42 KEY APPLICATION AREAS OF IOT IN BFSI SECTOR 156 FIGURE 43 IOT IN AGRICULTURE SECTOR 160 FIGURE 44 IOT TECHNOLOGY MARKET, BY REGION 172 FIGURE 45 NORTH AMERICA: IOT TECHNOLOGY MARKET SNAPSHOT 174 FIGURE 46 EUROPE: IOT TECHNOLOGY MARKET SNAPSHOT 181 FIGURE 47 ASIA PACIFIC: IOT TECHNOLOGY MARKET SNAPSHOT 192 FIGURE 48 IOT TECHNOLOGY MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2021–2024 214 FIGURE 49 IOT TECHNOLOGY MARKET SHARE ANALYSIS, 2024 215 FIGURE 50 IOT TECHNOLOGY MARKET: COMPANY VALUATION, 2024 (USD BILLION) 217 FIGURE 51 IOT TECHNOLOGY MARKET: FINANCIAL METRICS (EV/EBITDA), 2024 217 FIGURE 52 IOT TECHNOLOGY MARKET: BRAND/PRODUCT COMPARISON 218 FIGURE 53 IOT TECHNOLOGY MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024 219 FIGURE 54 IOT TECHNOLOGY MARKET: COMPANY FOOTPRINT 220 FIGURE 55 IOT TECHNOLOGY MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 224 FIGURE 56 INTEL CORPORATION: COMPANY SNAPSHOT 230 FIGURE 57 QUALCOMM TECHNOLOGIES, INC.: COMPANY SNAPSHOT 237 FIGURE 58 TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT 243 FIGURE 59 STMICROELECTRONICS: COMPANY SNAPSHOT 248 FIGURE 60 IBM: COMPANY SNAPSHOT 255 FIGURE 61 HP INC.: COMPANY SNAPSHOT 259 FIGURE 62 CISCO SYSTEMS, INC.: COMPANY SNAPSHOT 263 FIGURE 63 MICROSOFT: COMPANY SNAPSHOT 268 FIGURE 64 PTC: COMPANY SNAPSHOT 273