HOME Top Market Reports Internet of Things (IoT) Market by Software Solution (Real-Time Streaming Analytics, Security, Data Management, Remote Monitoring, & Network Bandwidth Management), Platform, Service, Application Domain, and Region - Global Forecast to 2021

Internet of Things (IoT) Market by Software Solution (Real-Time Streaming Analytics, Security, Data Management, Remote Monitoring, & Network Bandwidth Management), Platform, Service, Application Domain, and Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: April 2016
Report Code: TC 2895

 

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The Internet of Things market size is estimated to grow from USD 157.05 Billion in 2016 to USD 661.74 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 33.3% from 2016 to 2021. All industry verticals are undergoing a huge transformation in a bid to move toward affordable, accessible, and quality services to their customers. New applications and use cases, a result of cutting edge technology innovations, are being developed to address the changing industry needs. IoT, in combination with cloud computing and big data, is creating lucrative opportunities for organizations. The report aims at estimating the market size and future growth potential of Internet of Things Market across different segments, such as platforms, software solutions, services, application domains, and regions. The base year considered for the study is 2015 and the market size forecast period is from 2016 to 2021. Data management software is gaining high market traction with the help of cloud and predictive analytics to manage data generated from machineries. This data is evaluated through data management software to extract useful information that helps organizations in decision-making.

The research methodology used to estimate and forecast the Internet of Things market begins with capturing data on key vendors revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global IoT market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and sub-segments. The breakdown of profiles of primary is depicted in the below figure:

Internet of Things Market

To know about the assumptions considered for the study, download the pdf brochure

The IoT ecosystem comprises software vendors, such as IBM, Bosch, and Oracle; security service providers, such as Symantec, and Cisco; system integrators, such as IBM; and platform providers, such as IBM, Microsoft, and SAP that cater to the unique business requirements of the end users.

The target audiences of the Internet of Things market report are

  • Solution vendors
  • OEMs
  • System integrators
  • Advisory firms
  • National regulatory authorities
  • Venture capitalists
  • Private equity groups
  • Investment houses
  • Equity research firms

“Study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments”.

Scope of the Report

The research report categorizes the Internet of Things market to forecast the revenues and analyze the trends in each of the following sub-segments:

By Software Solution

  • Real-Time Streaming Analytics
  • Network Bandwidth Management
  • Remote Monitoring
  • Data Management
  • Security Solution

By Platform

  • Device Management
  • Application Management Platform
  • Connectivity Management Platform

By Service

  • Professional Services
  • Managed Services

By Application Domain

  • Building and Home Automation
  • Smart Manufacturing
  • Smart Mobility And Transport
  • Connected Logistics
  • Connected Health
  • Smart Retail
  • Security and Emergencies
  • Smart Energy
  • Smart Environment

By Region

  • North America
  • Europe
  • Middle East And Africa (MEA)
  • Asia-Pacific (APAC)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the North America Internet of Things Market
  • Further breakdown of the Europe IoT market
  • Further breakdown of the APAC IoT market
  • Further breakdown of the MEA IoT market
  • Further breakdown of the Latin America IoT market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Market Opportunities in the Internet of Things Market
    4.2 IoT Market: Market Share Across Various Regions
    4.3 IoT: Application Domain and Region Market
    4.4 Life Cycle Analysis, By Region, 2016

5 Internet of Things Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 IoT Market Evolution
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Rising Adoption of Cloud Platforms
                    5.3.1.2 Development of Cheaper and Smarter Sensors
                    5.3.1.3 Evolution of High Speed Networking Technologies
           5.3.2 Restraints
                    5.3.2.1 Lack of IoT Technology Skills
                    5.3.2.2 Lack of Uniform Governance Standards
           5.3.3 Opportunities
                    5.3.3.1 Potential Growth Opportunities for System Integrators
                    5.3.3.2 Rising Adoption of IoT Across Small and Medium Businesses
           5.3.4 Challenges
                    5.3.4.1 Lack of Data Security and Privacy
                    5.3.4.2 Lack of Data Management and Interoperability
    5.4 Regulatory Implications
           5.4.1 ISO Standards
           5.4.2 ISO / IEC JTC 1
                    5.4.2.1 ISO / IEC JTC 1 / SWG 5
                    5.4.2.2 ISO / IEC JTC 1 / SC 31
                    5.4.2.3 ISO / IEC JTC 1 / SC 27
                    5.4.2.4 ISO / IEC JTC 1 / WG 7 Sensors
           5.4.3 IEEE
           5.4.4 CEN / ISO
           5.4.5 CEN / CENelec
           5.4.6 ETSI
           5.4.7 ITU-T
    5.5 IoT Characteristics

6 Internet of Things Market: Industry Trends (Page No. - 45)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Pest Analysis
           6.3.1 Political Factors
           6.3.2 Economic Factors
           6.3.3 Social Factors
           6.3.4 Technological Factors
    6.4 Strategic Benchmarking

7 Internet of Things Market Analysis, By Platform (Page No. - 49)
    7.1 Introduction
    7.2 Device Management Platform
    7.3 Application Management Platform
    7.4 Network Management Platform

8 Internet of Things Market Analysis, By Software Solution (Page No. - 55)
    8.1 Introduction
    8.2 Real-Time Streaming Analytics
    8.3 Security Solution
    8.4 Data Management
    8.5 Remote Monitoring System
    8.6 Network Bandwidth Management

9 Internet of Things Market Analysis, By Service (Page No. - 62)
    9.1 Introduction
    9.2 Professional Services
           9.2.1 Deployment and Integration
           9.2.2 Support and Maintenance
           9.2.3 Consulting Services
    9.3 Managed Services

10 Internet of Things Market Analysis, By Application Domain (Page No. - 69)
     10.1 Introduction
     10.2 Building and Home Automation
     10.3 Smart Energy
     10.4 Smart Manufacturing
     10.5 Connected Logistics
     10.6 Connected Health
     10.7 Smart Retail
     10.8 Smart Mobility and Transport
     10.9 Security and Emergencies
     10.10 Smart Environment
     10.11 Others

11 Geographic Analysis (Page No. - 82)
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 Asia-Pacific
     11.5 Latin America
     11.6 Middle East and Africa

12 Competitive Landscape (Page No. - 105)
     12.1 Overview
     12.2 Competitive Situations and Trends
             12.2.1 New Product Launches
             12.2.2 Partnerships, and Collaborations
             12.2.3 Mergers and Acquisitions
             12.2.4 VC Funding

13 Company Profiling (Page No. - 114)
(Overview, Products and Services, Financials, Strategy & Development)*
     13.1 Introduction
     13.2 International Business Machine Corporation
     13.3 Cisco Systems, Inc.
     13.4 SAP SE
     13.5 PTC, Inc.
     13.6 General Electric
     13.7 Microsoft Corporation
     13.8 Symantec Corporation
     13.9 Oracle Corporation
     13.10 Bosch Software Innovations GmbH
     13.11 Amazon Web Services, Inc.

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

14 Key Innovator Profile (Page No. - 142)
     14.1 Telit
     14.2 Interdigital, Inc.
     14.3 Einfochips

15 Appendix (Page No. - 145)
     15.1 Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introducing RT: Real-Time Market Intelligence
     15.5 Available Customization
     15.6 Related Reports


List of Tables (65 Tables)

Table 1 Internet of Things Market Size and Growth, 2016–2021 (USD Billion, Y-O-Y %)
Table 2 IoT Market Size, By Component, 2016–2021 (USD Billion)
Table 3 IoT Market Size, By Platform, 2016–2021 (USD Billion)
Table 4 Device Management Platform: IoT Market Size, By Region, 2016–2021 (USD Million)
Table 5 Application Management Platform: IoT Market Size, By Region, 2016–2021 (USD Million)
Table 6 Network Management Platform: IoT Market Size, By Region, 2016–2021 (USD Million)
Table 7 IoT Market Size, By Software Solution, 2016–2021 (USD Billion)
Table 8 Real-Time Streaming Analytics: IoT Market Size, By Region, 2016–2021 (USD Billion)
Table 9 Security Solution: Internet of Things Market Size, By Region, 2016–2021 (USD Billion)
Table 10 Data Management Solution: IoT Market Size, By Region, 2016–2021 (USD Billion)
Table 11 Remote Monitoring System: IoT Market Size, By Region, 2016–2021 (USD Billion)
Table 12 Network Bandwidth Management: IoT Market Size, By Region, 2016–2021 (USD Billion)
Table 13 Internet of Things Market Size, By Service, 2016–2021 (USD Billion)
Table 14 IoT Market Size, By Professional Service, 2016–2021 (USD Billion)
Table 15 Professional Services: IoT Market Size, By Region, 2016–2021 (USD Billion)
Table 16 Deployment and Integration: IoT Market Size, By Region, 2016–2021 (USD Billion)
Table 17 Support and Maintenance: IoT Market Size, By Region, 2016–2021 (USD Billion)
Table 18 Consulting Services: IoT Market Size, By Region, 2016–2021 (USD Billion)
Table 19 Managed Services: IoT Market Size, By Region, 2016–2021 (USD Billion)
Table 20 Internet of Things Market Size, By Application Domain, 2016–2021 (USD Billion)
Table 21 Building and Home Automation: IoT Market Size, By Region, 2016–2021 (USD Billion)
Table 22 Smart Energy: IoT Market Size, By Region, 2016–2021 (USD Billion)
Table 23 Smart Manufacturing: IoT Market Size, By Region, 2016–2021 (USD Billion)
Table 24 Connected Logistics: IoT Market Size, By Region, 2016–2021 (USD Billion)
Table 25 Connected Health: IoT Market Size, By Region, 2016–2021 (USD Billion)
Table 26 Smart Retail: IoT Market Size, By Region, 2016–2021 (USD Billion)
Table 27 Smart Mobility and Transport: IoT Market Size, By Region, 2016–2021 (USD Billion)
Table 28 Security and Emergencies: IoT Market Size, By Region, 2016–2021 (USD Billion)
Table 29 Smart Environment: IoT Market Size, By Region, 2016–2021 (USD Billion)
Table 30 Others: IoT Market Size, By Region, 2016–2021 (USD Billion)
Table 31 Internet of Things Market Size, By Region, 2016–2021 (USD Billion)
Table 32 North America: IoT Market Size, By Component, 2016–2021 (USD Billion)
Table 33 North America: IoT Market Size, By Platform, 2016–2021 (USD Million)
Table 34 North America: IoT Market Size, By Software Solution, 2016–2021 (USD Billion)
Table 35 North America: IoT Market Size, By Service, 2016–2021 (USD Billion)
Table 36 North America: IoT Market Size, By Professional Service, 2016–2021 (USD Billion)
Table 37 North America: IoT Market Size, By Application Domain, 2016–2021 (USD Billion)
Table 38 Europe: IoT Market Size, By Component, 2016–2021 (USD Billion)
Table 39 Europe: IoT Market Size, By Platform, 2016–2021 (USD Million)
Table 40 Europe: IoT Market Size, By Software Solution, 2016–2021 (USD Billion)
Table 41 Europe: IoT Market Size, By Service, 2016–2021 (USD Billion)
Table 42 Europe: IoT Market Size, By Professional Service, 2016–2021 (USD Billion)
Table 43 Europe: Internet of Things Market Size, By Application Domain, 2016–2021 (USD Billion)
Table 44 Asia-Pacific: IoT Market Size, By Component, 2016–2021 (USD Billion)
Table 45 Asia-Pacific: IoT Market Size, By Platform, 2016–2021 (USD Million)
Table 46 Asia-Pacific: IoT Market Size, By Software Solution, 2016–2021 (USD Billion)
Table 47 Asia-Pacific: IoT Market Size, By Service, 2016–2021 (USD Billion)
Table 48 Asia-Pacific: IoT Market Size, By Professional Service, 2016–2021 (USD Billion)
Table 49 Asia-Pacific: Internet of Things Market Size, By Application Domain, 2016–2021 (USD Billion)
Table 50 Latin America: IoT Market Size, By Component, 2016–2021 (USD Billion)
Table 51 Latin America: IoT Market Size, By Platform, 2016–2021 (USD Million)
Table 52 Latin America: IoT Market Size, By Software Solution, 2016–2021 (USD Billion)
Table 53 Latin America: IoT Market Size, By Service, 2016–2021 (USD Billion)
Table 54 Latin America: IoT Market Size, By Professional Service, 2016–2021 (USD Billion)
Table 55 Latin America: Internet of Things Market Size, By Application Domain, 2016–2021 (USD Billion)
Table 56 Middle East and Africa: IoT Market Size, By Component, 2016–2021 (USD Billion)
Table 57 Middle East and Africa: IoT Market Size, By Platform, 2016–2021 (USD Million)
Table 58 Middle East and Africa: IoT Market Size, By Software Solution, 2016–2021 (USD Billion)
Table 59 Middle East and Africa: IoT Market Size, By Service, 2016–2021 (USD Billion)
Table 60 Middle East and Africa: IoT Market Size, By Professional Service, 2016–2021 (USD Billion)
Table 61 Middle East and Africa: Internet of Things Market Size, By Application Domain, 2016–2021 (USD Billion)
Table 62 New Product Launches, 2014–2016
Table 63 Partnerships, Agreements, and Collaborations, 2014 – 2016
Table 64 Mergers and Acquisitions, 2014–2016
Table 65 VC Funding, 2014–2016


List of Figures (47 Figures)

Figure 1 Internet of Things Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 IoT Market is Poised to Witness Growth in the Global Market From 2016–2021
Figure 6 IoT Market Snapshot on the Basis of Components (2016 vs 2021)
Figure 7 IoT Market Snapshot on the Basis of Platforms (2016 vs 2021)
Figure 8 IoT Market Snapshot on the Basis of Software Solutions (2016 vs 2021)
Figure 9 Managed Services to Grow at the Highest Rate By 2021
Figure 10 Internet of Things Market Snapshot on the Basis of Application Domains (2016 vs 2021)
Figure 11 Lucrative Market Prospects in the IoT Market Due to Higher Adoption of Connected and Smart Devices
Figure 12 North America is Expected to Command the Major Share of the IoT Market in 2016
Figure 13 Smart Mobility and Transport is Expected to Gain the Largest Market Share in the Year 2016
Figure 14 Asia-Pacific to Soon Enter the Exponential Growth Phase During 2016–2021
Figure 15 Evolution of IoT
Figure 16 Internet of Things Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 IoT Market: Value Chain Model
Figure 18 IoT Market: Strategic Benchmarking
Figure 19 Software Solution is Estimated to Have the Largest Market Size During the Forecast Period
Figure 20 Device Management Platform is Expected to Have the Largest Market Size During the Forecast Period
Figure 21 Data Management Solution is Estimated to Have the Largest Market Size During the Forecast Period
Figure 22 Professional Services is Estimated to Have the Largest Market Size During the Forecast Period
Figure 23 Deployment and Integration Services is Estimated to Have the Largest Market Size During the Forecast Period
Figure 24 Smart Mobility and Transport is Expected to Hold the Largest Market Size in 2016
Figure 25 Geographic Snapshot (2016): Rapid Growth Markets are Emerging as New Spots
Figure 26 North America is Expected to Hold Major Share of the Internet of Things Market in 2016
Figure 27 North America Snapshot
Figure 28 Asia-Pacific Snapshot
Figure 29 Companies Adopted Partnerships and Collaborations as the Key Growth Strategy From 2014-2016
Figure 30 Area-Chart Showing Historical CAGR of Top 5 Players
Figure 31 Market Evaluation Framework
Figure 32 Battle for Market Share: Partnerships and Collaborations Was the Key Strategy in the Internet of Things Market
Figure 33 Geographic Revenue Mix of Top Five Market Players
Figure 34 International Business Machine Corporation: Company Snapshot
Figure 35 IBM Corporation: SWOT Analysis
Figure 36 Cisco Systems, Inc.: Company Snapshot
Figure 37 Cisco Systems, Inc.: SWOT Analysis
Figure 38 SAP SE: Company Snapshot
Figure 39 SAP SE: SWOT Analysis
Figure 40 PTC, Inc.: Company Snapshot
Figure 41 PTC, Inc.: SWOT Analysis
Figure 42 General Electric: Company Snapshot
Figure 43 General Electric: SWOT Analysis
Figure 44 Microsoft Corporation: Company Snapshot
Figure 45 Symantec Corporation: Company Snapshot
Figure 46 Oracle Corporation: Company Snapshot
Figure 47 Robert Bosch GmbH: Company Snapshot

MarketsandMarkets forecasts the Internet of Things market size to grow from USD 157.05 Billion in 2016 to USD 661.74 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 33.3% from 2016 to 2021. The increasing number of connected devices and the proliferation of smartphones have contributed significantly to the rise of IoT. Rising adoption of cloud platforms, development of cheaper and smarter sensors, and evolution of high speed networking technologies is expected to drive the growth of the IoT market.

IoT software solutions market provides real-time streaming analytics, security, data management, remote monitoring, and network bandwidth management to enhance the operational effectiveness. Data management holds the largest share of the IoT software solutions market in 2016 and is projected to dominate the market during the forecast period. This growth is fueled by the presence of massive heterogeneous data that is extracted from different connected devices. Security solution is expected to grow at the highest CAGR during the forecast period due to increasing cyber threats and attacks on the IoT infrastructure.

IoT platforms market is segmented into device management, application management, and network management platforms. Device management platform is projected to dominate the IoT platforms market during the forecast period. This growth is attributed to increase in number of connected devices and hardware systems across North America, Europe, and Asia-Pacific (APAC) regions.

The Internet of Things market is segmented across five broad regions, namely, North America, APAC, Europe, MEA, and Latin America. The analysis shows that the spending on IoT is increasing globally due to the recovery of the global economy. North America is estimated to dominate the IoT market in 2016 due to technological advancements and early adoption of IoT in the region. APAC market is expected to grow at the highest CAGR during 2016-2021 and to overtake the North American IoT market by 2021. The primary driving forces for this growth are increasing technological adoption and huge opportunities across industry verticals in the APAC countries, especially India, China, and Japan.

Internet of Things Market

The industry vertical specific adoption of IoT technology is at a nascent stage and therefore most of the regions are facing shortage of skilled professionals to design and run IoT algorithms, which are complex in nature. This acts as the major restraining force for the market. However, many countries in North America and APAC region have a strong business case for implementing IoT and the market in this region is expected to experience significant growth opportunities.

On a strategic front, many companies are utilizing different growth strategies, such as mergers & acquisitions, partnerships & collaborations, and product development to increase their share in the market. For example, IBM Corporation has been adopting various development strategies for expanding its global reach as well as its product portfolio in the Internet of Things market. In December 2015, IBM opened its global headquarters for Watson IoT in Munich, Germany and also launched a series of new offerings, capabilities, and ecosystem partners designed to extend the power of cognitive computing to the billions of connected devices, sensors, and systems that comprise IoT. IBM also acquired The Weather Company’s B2B, mobile and cloud-based web properties, including WSI, weather.com, Weather Underground, and The Weather Company brand in October 2015.

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