The IoT Global Market Report 2021-31 by The Business Research Company describes and explains the global IoT market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The IoT Global Market Report 2022 covers IoT market drivers, IoT market trends, IoT market segments, IoT market growth rate, IoT market major players, and IoT market size.
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The IoT market report provides in-depth analysis of the impact of COVID-19 on the global IoT industry along with revised market numbers due to the effects of the coronavirus and the expected IoT market growth numbers for 2022-2031.
The global IoT market is expected to grow from $326.90 billion in 2021 to $402.72 billion in 2022 at a compound annual growth rate (CAGR) of 23.2%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The Internet of Things market size is expected to reach $926.61 billion in 2026 at a CAGR of 23.3%.
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IoT Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
TBRC’s report covers the IoT market segments-
1) By Platform: Device Management, Application Management, Network Management
2) By End-Use Industry: BFSI, Retail, Government, Healthcare, Manufacturing, Transportation, IT and Telecom, Others
3) By Application: Building and Home Automation, Smart Energy and Utilities, Smart Manufacturing, Connected Logistics, Smart Retail, Smart Mobility and Transportation, Others
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