IoT Solutions and Services Market Revenue Growth and Quantitative Analysis Till 2030

12  Download (1)

Full text


IoT Solutions and Services Market Opportunities, and Forecast By 2030

Market Research Report


Global Industry Analysis, Forecast and Trends, 2022-2030


IoT Solutions and Services Market

© 2020 Statsville Consulting Private Limited

Market Statsville Group (MSG)

A part of Statsville Consulting Private Limited

American Office – 416, East Standsberry Street, Perkins, Oklahoma 74059, USA EMEA – 1165 Budapest 16 Diósy Lajos u. 24., Europe

Asia-Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001

Disclaimer: Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording, or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited.

Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville



Market Statsville Group (MSG) partners with companies and society to confront their essential risks and challenges to capture the enormous opportunities for them. MSG was initiated its working in 2017, and since then, the brand is moving to become a pioneer in business advisory and market research services.

Market Statsville is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in the form of market sizing, analysis, and incisive business insights. MSG experienced research analysts are proficient at digging deep and providing a variety of customizable data that help you make decisions with clarity, confidence, and impact.

Market Statsville is your global data intelligence partner for reliable market research data, data gathering, and analytical services. MSG also has an extensive network of top-flight domestic and global research personals around the world, enabling us to provide high-quality worldwide research solutions that cater to a well-established company, government organizations, or a startup. MSG's clients have the authority to work directly with one or more of our researchers to gather the most useful data knowledge and analytical plan to formulate it in the actual practice.

Market Statsville Group believes that to succeed, companies or individuals must blend digital and human capabilities most efficiently. MSG diverse and experienced global team of business consultants and market researchers will ensure the valuable reports for our clients through digging in-depth market information and functional expertise to continuously spark the changes and real-time valuation of variation in the market/industry. MSG works in a uniquely collaborative model throughout the business process across the globe to assist the client's company with the most accurate information that they are aiming for in the reports.


Our research is an optimum culmination of secondary and primary research, with the latter playing a major role. We also have an in-house repository and access to a number of external regional and global paid databases to help address specific requirements of our clients. The research process begins with a holistic secondary research, followed by expert interviews. The information gathered is then comprehensively analyzed by our highly experienced in-house research panel



IoT Solutions and Services Market Revenue Growth and Quantitative Analysis Till 2030

IoT Solutions and Services Market by Organization Size (Medium-Sized Enterprises,& Others), by Solution (Data Analytics, & Others), by Deployment Mode (Cloud &Others), by Focus Area (Smart Manufacturing,& Others), by Region – Global Share and Forecast to 2030


According to the Market Statsville Group (MSG), the global IoT solutions and services market size is expected to grow from USD 209.7 billion in 2021 to USD 951.9 billion by 2030, at a CAGR of 18.3% from 2022 to 2030. The growing use of IoT solutions and services in smart manufacturing, smart transportation, smart

energy, connected healthcare, and the smart building is predicted to fuel the market development. IoT solutions have made connecting devices, managing tasks, analyzing opportunities, and securely

communicating data simpler. They create a secure working environment and aid in corporate growth. These benefits are projected to fuel the IoT solutions and services market expansion.

IoT solutions and services assist in the collection and intelligent use of data from physical things for process automation and corporate insight. It is a collection of end-to-end services in which organizations contract with third-party providers to design, create, install, and run IoT solutions, such as advisory consulting for IoT

planning. The growing demand for Internet-based services mostly drives this expansion.

Request Sample Copy of this Report: solutions-services-market


COVID-19 Impact on the Global IoT Solutions and Services Market

The COVID-19 outbreak is causing havoc in the world, businesses, and economies, affecting people's livelihoods, interactions, and company management. Sustainability has become the new normal for businesses as they turn their attention away from development prospects and toward adopting dramatic efforts to prevent the impact of the COVID-19 pandemic. As many firms and prospective government initiatives were put on hold due to the pandemic, competition among big companies that offer IoT solutions and services is projected to expand. Work-from-home and social distancing are driving the demand for remote monitoring, smart payment technologies, and the development of digital infrastructure for large-scale deployments.

The worldwide shutdown caused a slowdown in the IoT solutions and services industry in 2020. Global supply chains and logistics have been severely disrupted. However, with the continuation of numerous projects and the demand for automation among organizations, the IoT solutions, and services industry is likely to grow post-COVID-19, opening the door for new IoT initiatives.

Global IoT Solutions and Services Market Dynamics

Drivers: The availability of high-speed connections is boosting the growth of the IoT market

Wireless technologies have evolved from theoretical observations to a widely applicable science that plays an important part in many facets of modern life. Bluetooth, Wi-Fi, ZigBee, Insteon, Z-Wave, and Digital Enhanced Cordless Telecommunications are examples of these technologies (DECT). Peer-to-peer technologies like AllSeen, DLNA, and UPnP also see rapid development and direct device-to-device communication. Wireless technologies

enable compatible desktop computers, laptops, smartphones, and tablet devices to communicate with one another.

This connection increase will result in more people interested in acquiring IoT devices. High-speed network access has given enterprises in a variety of industries new choices. The evolution of high-speed wireless network

technology and the number of devices equipped with this technology is accelerating.


LTE is a modern high-speed wireless communications standard for mobile phones and data terminals that supports 4G and 5G services. It is simple to set up and enhances network connectivity by utilizing independent radio links for device-to-tower uplink and tower-to-device downlink. LTE is significant as it offers more efficient use of the

ever-shrinking spectrum for linking low-power IoT devices to back-end systems. Furthermore, the introduction and evolution of IPv6 are fueling organizational demand for linked technology. The introduction of IPv6 addresses will benefit IoT-connected devices. Furthermore, IPv6 can make network administration easier by leveraging auto- pattern capabilities and improving security and privacy features.

Restraints: Data security and privacy are critical constraints

As IoT grows more prevalent, businesses need greater security and privacy protection to avoid corporate spying and data breaches. Many security and privacy risks will develop as the number of IoT-enabled equipment grows;

every endpoint, gateway, sensor, and smartphone will become a possible target for hackers. The most harmful aspect of the IoT ecosystem is that organizations unknowingly give up their privacy little by bit because they are uninformed of what data is being gathered and how it is being utilized. IoT devices detect variables such as speed, pressure, consumption, and temperature in numerous company business processes. At the same time, actuators regulate physical systems such as brakes, valves, lights, power circuits, or automated medicine dispensers.

These applications are intriguing from the standpoint of security and privacy since they all impact the real world, sometimes operating essential infrastructure and other times obtaining extremely sensitive information about various activities and smart devices. Enterprises require IoT security and privacy protection because certain IoT devices have extremely low memory, processing capability, and battery power.


Opportunities: Expansion of smart city initiatives

The rapid proliferation of IoT and smart city projects is increasing the demand for smart security systems, such as Perimeter Intrusion Detection System (PIDS), to safeguard borders. Furthermore, there is a strong emphasis on efficient energy management technologies to guarantee correct metering and avoid waste. Smart cities'

transportation infrastructure also welcomes IoT technology suppliers to contribute to ensuring reduced carbon emissions, adequate monitoring and management, and improved route planning and optimization.

Scope of the Global IoT Solutions and Services Market

The study categorizes the IoT solutions and services market based on organization size, solution, deployment mode and focus area at regional and global levels.

Direct Purchase Report: market?opt=2950

By Deployment Mode Outlook (Sales, USD Billion, 2017-2030)



By Solution Outlook (Sales, USD Billion, 2017-2030)

•Data analytics and machine learning

•Complex event processing


•Network management

By Organization Size Outlook (Sales, USD Billion, 2017-2030)

•Small and Medium-Sized Enterprises

•Large Enterprises


By Focus Area Outlook (Sales, USD Billion, 2017-2030)

•Smart Manufacturing

•Smart Transportation/mobility

•Smart Energy and Utilities

•Smart Retail

•Connected Healthcare

•Smart Agriculture

•Smart Buildings

•Other Focus Areas

By Region Outlook (Sales, USD Billion, 2017-2030)

•North America

• US

• Canada

• Mexico


• Germany

• Italy

• France

• UK

• Spain

• Poland

• Russia

• The Netherlands

• Norway

• Czech Republic

• Rest of Europe


•Asia Pacific

• China

• Japan

• India

• South Korea

• Indonesia

• Malaysia

• Thailand

• Singapore

• Australia & New Zealand

• Rest of Asia Pacific

•South America

• Brazil

• Argentina

• Colombia

• Rest of South America

•The Middle East & Africa

• Saudi Arabia


• South Africa

• Northern Africa


Data analytics and machine learning segment accounts for the largest market share by solution

Access full Report Description, TOC, Table of Figure, Chart,


Based on the solution, the IoT solutions and services market is divided into data analytics and machine learning, cybersecurity, complex event processing, and network management. The data analytics and machine learning segment is accounted to have the largest market size due to the requirement to analyze massive amounts of data created by connected devices across industrial verticals.

Asia Pacific accounts for the highest CAGR during the forecast period by Region

Based on the regions, the global IoT Solutions and Services Market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa.The Asia Pacific region is expected to have the fastest CAGR over the forecast period. Several developed and rising economies can be found in the Asia Pacific, including Singapore, Australia, India, China, and Japan. This region has become a valuable market for the IT industry thanks to the high adoption rate of new technology. The IoT solutions and services market is anticipated to grow at the fastest rate in the Asia Pacific as a


Request For Report Description:



416, East Standsberry Street, Perkins, Oklahoma 74059, US

Phone : +1 580 250 2707

Mail : [email protected]

F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001

Phone : +91 702 496 8807

Mail : [email protected]

Market Statsville Group (MSG)

Thank You




Related subjects :