Internet of Things Solutions and Services Market: A Look at the Industry's Current and Future State

The Global Internet of Things Solutions and Services Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Internet of Things Solutions and Services industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Internet of Things Solutions and Services market along with crucial statistical data about the Internet of Things Solutions and Services market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.

The size of the global market for Internet of Things (IoT) products and services was USD 240.10 billion in 2021, and it is anticipated to grow at a CAGR of 20.2%. The use of analytics and data processing is predicted to increase, which is a key driver expected to fuel the market's revenue growth. Access to high-speed internet connectivity and rising cloud usage are further factors contributing to growth.

The current COVID-19 pandemic is expected to have an effect on the growth of the Internet of Things Solutions and Services industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the Internet of Things Solutions and Services sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Internet of Things Solutions and Services industry.

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Market Dynamics:

The report offers insightful information about the market dynamics of the Internet of Things Solutions and Services market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Internet of Things Solutions and Services market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Internet of Things Solutions and Services market.

The report covers the following chapters:

Impact of COVID-19 - This section describes the impact of COVID-19 on the Internet of Things Solutions and Services market.
Global Market Size and Growth - This section contains the global historic (2015-2019) and forecast (2019-2023), (2023-2025), and (2025-2030) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
Regional Analysis - This section contains the historic (2015-2019) and forecast (2019-2023), (2023-2025), and (2025-2030) market values and growth and market share comparison by region.
Segmentation - This section contains the market values (2015-2030) and analysis for different segments.
Global Macro Comparison - The global Internet of Things Solutions and Services market comparison with macro-economic factors gives the Internet of Things Solutions and Services market size, percentage of GDP, and average Internet of Things Solutions and Services market expenditure.
Supply Chain - The supply chain section of the report defines and explains the key players in the Internet of Things Solutions and Services industry supply chain.
Product/Service Analysis - The product/service analysis section of the report describes the leading products/services in the Internet of Things Solutions and Services market along with key features and differentiators for those products/services.
Customer Information - This chapter covers recent customers’ trends/preferences in the global Internet of Things Solutions and Services market.
Trends and Strategies - This chapter describes the major trends shaping the global Internet of Things Solutions and Services market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.

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Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.

Key Companies Profiled in the Report:

Oxagile, Oracle Corporation, GE Digital, Software AG, Litmus, Hologram, Siemens, Ayla Networks, Confidex, and Microsoft

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Internet of Things Solutions and Services Market Segmentation:

Component Outlook (Revenue, USD Billion; 2019–2030)
- Solution
- Services

Organization Size Outlook (Revenue, USD Billion; 2019–2030)
- Small & Medium Enterprises
- Large Enterprises

Focus Area Outlook (Revenue, USD Billion; 2019–2030)
- Smart Transportation
- Connected Healthcare
- Smart Manufacturing
- Others

Regional Segmentation;

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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