According to TechSci Research, United Kingdom Internet of Things (IoT) market is projected to grow at high rate during the forecast period, due to the surging demand for smart devices, such as watches, phones and fitness bands, among others. Moreover, the market for the internet of things is expanding due to the day to day benefits of the technology. However, uncertain return on investment and integration with the existing technologies are the barriers for the growth of the market. Based on the application, home automation and transportation application segments are the major segments and the trend is likely to continue in the forecast period due to the increased usage of managed hosting to cloud services and technological advancements.
Based on the component, the market has been bifurcated into service and software. The service segment is expected to grow at impressive rate during the forecast period due to the increasing adoption of connected devices across organizations. England is expected to grow at high rate during the forecast period due to the rising implementation of IoT in the region and large population base.
Some of the leading players in the United Kingdom internet of things (IoT) market are Cognizant, Bosch, Intel Corporation, Google Inc, Hewlett Packard Enterprise, General Electric, Microsoft Corporation, Amazon Web Services, Inc., International Business Machine (IBM) Corporation, Oracle Corporation etc.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the solution providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major solution providers across the globe.
TechSci Research calculated the market size of United Kingdom internet of things (IoT) market using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as solution providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Platform · Component · Application |
| Regional scope | England, Scotland, Wales, Northern Ireland |
| Key companies profiled | Cognizant, Bosch, Intel Corporation, Google Inc, Hewlett Packard Enterprise, General Electric, Microsoft Corporation, Amazon Web Services, Inc., International Business Machine (IBM) Corporation, Oracle Corporation. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, United Kingdom internet of things (IoT) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in United Kingdom internet of things (IoT) market.
Available Customizations:
With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:
Company Information
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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