Both international industries and customers are gradually adopting Internet of Things technologies

DUBLIN, November 22, 2021 /PRNewswire/ — The “Global Internet of Things Market and Trends 2021” report has been added to: ResearchAndMarkets.com’s offer.

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The value of the international Internet of Things is expected to be more than USD one trillion brand by 2024

Defined as a system of interconnected computing devices, mechanical and digital machines, objects, animals, or people provided with unique identifiers (UIDs), the Internet of Things (IoT) provides the ability to transfer data over a network without people interaction between human or computer.

Consumers and businesses alike are increasingly adopting IoT for a variety of purposes, and the technology is rapidly being implemented around the world. In addition, it was calculated that by 2024 the international IoT market turnover will be a USD one trillion point and by 2030, the number of connected devices worldwide is likely to be close to thirty billion. In addition, executives of global companies noticed the trend and defined the integration of IoT into their business as a key strategic objective, according to the surveys cited in this publication.

As early as 2020, much of the IoT revenue worldwide was attributed to the industrial Internet of Things, with transportation equipment, mechanical engineering and the manufacturing of computer and electronic products as the leading sectors.

Western Europe Goes by leaps and bounds in consumer IoT adoption

According to the 2021 forecast mentioned in this market report, the largest number of IoT connections will be registered in 2030 in Europe, compared to other global regions. According to the same estimates, the region will be followed by North America, Asia, Latin America and Middle East & Africa. This comes as no surprise, however, as as early as 2021, nearly nine in ten of all Western European and more than eight in ten of all Eastern European connectivity service providers had the fast wireless connection needed for IoT optimisation.

Furthermore, adoption of IoT for consumers, including home energy management over the Internet, security and safety connections, home appliances, virtual assistants, TV and game consoles, was significantly higher in Western Europe than in other EU countries, with The Netherlands, Iceland, Norway, and the UK among the leaders.

meanwhile in the United States, half of adults who had to work from home during COVID-19 bought new smart home devices to power their homes and improve working conditions. In addition, smart lighting and smart security cameras or video doorbells were the top two smarthome product categories that US adults planned to buy in the second half of 2020 and the first half of 2021. Asia, meanwhile, the adoption of the Internet of Things is progressing, and by 2030, South East Asia was predicted to lead the regional IoT adoption level.

Reporting coverage

  • This report covers the global Internet of Things (IoT) market. IoT is defined as a system of interconnected computing devices, mechanical and digital machines, objects, animals, or people that bear unique identifiers (UIDs) and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction. The report provides insights into the state of IoT technology in various regions around the world, recent and potential future developments, consumer preferences, technological advancements and more.

  • In addition to global data, key global regions in global IoT are covered in the report, including: Europe, North America, Asia, Latin America and the Middle East & Africa. The current state of IoT itself and data availability varied by region and country.

Main topics covered:

1. Executive summary

2. Global Market Overview

  • Overview of the trends in the IoT market and IoT business applications, September 2021

  • Overview of the current state of IoT technologies and trends, June 2021

  • Internet of Things Market Revenue, in Billion Dollars, 2019 & 2020 & 2024f

  • Number of IoT connections installed, in billions, 2019-2030f

  • Sector mapping, by IoT recurring revenue, in million USD, and CARG, in %, 2020-2030f

  • Number of connected IoT devices, by wide and short-range devices, in millions, 2017-2026f

  • Mobile subscription number, by category, incl. LTE and 5G, in millions, 2019 & 2020 & 2026f

  • Total data traffic, in EB/months, and mobile data traffic, in GB/month, per device, 2019 & 2020 & 2026f

  • Top 5 Government IoT Endpoint Electronics and Communications Revenue by Use Scenarios, in USD Billions, 2019-2021

  • Technologies expected to support companies in recovering from COVID-19, % of senior executives, Summer 2020

  • Industrial IoT revenue, by segment, in %, 2020

  • Industrial IoT data generation, by region, in %, 2020 & 2025f

  • Industrial IoT Device Market Shares by Regions, in %, 2020

  • Number of Smart Home Devices in Active Use, in Billions, 2020 & 2025f

  • Shipments of Smart Home devices, by product type, in millions and market share, in %, 2020 & 2025f

  • Share of individual purchases and purchases of Smart Home devices per subscription, in % of the total, 2025f

  • Share of households with smart home automation in use, in % of total, 2025f

  • Top 4 regions/countries per unit of smart device shipment Growth rate, 2020-2025f

3. Europe

3.1. Regional

3.2. United Kingdom

3.3. Germany

3.4. France

4. North America

4.1. Regional

4.2. United States

4.3. Canada

5. Asia

5.1. Regional

5.2. China

5.3. Japan

5.4. South Korea

6. Latin America

6.1. Regional

6.2. Brazil

7. Middle East and Africa

7.1. Regional

7.2. MENA

7.3. IN

7.4. Saudi Arabia

7.5. Kuwait

Named companies

For more information on this report, please visit https://www.researchandmarkets.com/r/thvkzt

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