Internet of Things (IoT) Market – Global Forecast to 2021


Posted January 13, 2017 by Shirley

Internet of Things (IoT) Market by Software Solution, Platform, Service, Application Domain, and Region – Global Forecast to 2021 is a professional and in-depth study.

 
MRRS adds "Internet of Things (IoT) Market by Software Solution (Real-Time Streaming Analytics, Security, Data Management, Remote Monitoring, & Network Bandwidth Management), Platform, Service, Application Domain, and Region – Global Forecast to 2021" latest studies, published in January 2017. It is a professional and in-depth study.

“Rising need for operational efficiency and increasing penetration of connected devices are driving the Internet of things (IoT) market”
The IoT market size is estimated to grow from USD 157.05 billion in 2016 to USD 661.74 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 33.3% from 2016 to 2021. This growth is driven by factors such as development of cheaper and smarter sensors, rising adoption of cloud computing, evolution of high speed networking technologies, and increasing penetration of connected devices.

“Services segment is expected to gain maximum traction during the forecast period”
Services segment is estimated to grow at the highest CAGR during the forecast period due to the increasing penetration of connected devices and higher adoption of IoT solutions across industry verticals. Managed services segment is expected to grow at the highest rate between 2016 and 2021. Due to the increasing technological adoption, Asia-Pacific (APAC) is projected to witness the fastest growth rate among regions.
Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants among other experts to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects. Distribution of primary interviews is as follows:
• By Company Type: Tier 1- 20%, Tier2-42%, and Tier 3-38%
• By Designation: C-Level-55%, Director Level-26%, and Others*-19%
• By Region: North America-47%, Europe-32%, and Asia-Pacific-21%
Note: *Others include sales managers, marketing managers, and product managers
The tier of the companies is defined on the basis of their total revenue, as of 2015: Tier 1 = >USD 10 billion, Tier 2 = USD 1 billion to USD 10 billion and Tier 3 =

Table Of Contents
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primaries 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP-DOWN APPROACH 23
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 31
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE IOT MARKET 31
4.2 IOT MARKET: MARKET SHARE ACROSS VARIOUS REGIONS 32
4.3 IOT: APPLICATION DOMAIN AND REGION MARKET 33
4.4 LIFE CYCLE ANALYSIS, BY REGION, 2016 34
....

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Last Updated January 13, 2017