IoT Technology Market

IoT Technology Market with COVID-19 Impact Analysis, by Node Component (Sensor, Memory Device, Connectivity IC), Solution (Remote Monitoring, Data Management), Platform, Service, End-use Application, Geography - Global Forecast to 2027

Report Code: SE 2509 Oct, 2021, by marketsandmarkets.com

[406 Pages Report] The IoT technology market is expected to grow from USD 384.5 billion in 2021 to USD 566.4 billion by 2027, at a CAGR of 6.7%.

The market growth can be attributed to several factors, such as 5G communications technology, increasing necessity of data centers due to rising adoption of cloud platforms, growing use of wireless smart sensors and networks, and increased IP address space and better security solutions made available through IPv6.

IoT Technology Market

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COVID-19 Impact on the Global IoT technology market

The IoT technology market includes major Tier I and Tier II suppliers such as Intel Corporation (US), Qualcomm Technologies (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), IBM (US), Hewlett Packard Enterprise (US), Cisco Systems (US), Microsoft Corporation (US), PTC (US), and Amazon Web Services (AWS) (US), and so on. These suppliers have their manufacturing facilities spread across various countries across North America, Europe, APAC, and RoW. COVID-19 has impacted their businesses as well.

Market Dynamics of IoT Technology Market

Driver: Increasing necessity of data centers due to rising adoption of cloud platforms

IoT involves transferring, storing, managing, and analyzing data generated from edge devices. Cloud platforms help to achieve this by providing analytics features. A cloud platform is a cost-efficient and easy-to-deploy solution, which eliminates the requirement for on-premises data centers. The data generated by IoT devices are stored on the cloud and cloud platforms. This helps businesses to draw sense from IoT-based devices and, hence, build processes based on the analysis. Furthermore, the emergence of IoT Platform-as-a-Service (PaaS) has also increased the deployment of IoT solutions across diverse industry verticals. Cloud platforms provide organizations with newer ways of connecting traditional information systems to IoT-enabled devices. Various companies in the IoT node and gateway market are tailoring their cloud offerings to meet the requirements of their customers. For example, in February 2021, NXP Semiconductors N.V. launched the EdgeLock 2GO IoT service cloud platform, which is designed for zero-touch, secure deployment, and security maintenance of IoT devices over the entire device lifecycle. Companies have realized the importance of cloud computing in providing comprehensive IoT solutions to their customers, which will further drive the IoT technology market.

Tonnes of new data is being created and will need to be stored, which has increased the importance of data centers. For example, all the data from people creating new accounts, their personal and financial information, and usage data all need to be stored and encrypted. This will result in an increase in the usage of data centers. With such a huge rise in data consumption and traffic, the connections from devices to data centers will need to be improved drastically. By the end of 2021, there are estimated to be over ~10.0 billion IoT units active in the world, each one requiring a data connection to operate and connect with other devices. Thus, the use of IoT is likely to increase in the coming years.

Restraint: Unsettled concerns regarding security and privacy of user data

IoT has tremendous potential owing to the substantial rate of adoption in every end-use application, be it wearable, healthcare, or retail. However, privacy and security of data are major restraints for this market. As the number of connected devices is increasing with the growing adoption of IoT in end-use applications, a huge amount of data is being generated. Cybercriminals can hack into systems and use this data to automatically acquire a person’s car insurance, evaluate a person’s health status, track the behavior of a company’s strategies, and so on.

The IoT gateway, which serves as a connectivity layer between the edge devices and cloud services, has to handle a large number of IoT devices and the data transferred between them. While performing the protocol translation, the IoT gateway has to maintain data confidentiality. As the communication in IoT uses both private and public networks, a secure network is required. Protocol translation makes it difficult for the IoT gateway to maintain data privacy. Although encryption security keys can be used to secure the data, the management of those keys would still be a major concern.

Many companies are developing solutions for the security of user data during network communication. For instance, McAfee Inc. (US), a computer security software company, has already outlined its plan to secure IoT, while Cisco Systems, Inc. (US) provides a wide range of cybersecurity solutions—one of which is Cisco Advanced Malware Protection (AMP)—to tackle IoT security concerns. Intel Corporation (US) has also developed Wind River Intelligent Device Platform for security, connectivity, and deployment of gateways for IoT. Moreover, technologies such as Advanced Encryption Standard (AES) cipher suites and Transport Layer Security (TLS)/Secure Sockets Layer (SSL) encryption are being used to secure network communication to some extent. Many alliances and foundations find the security of a connected network to be a major concern in the IoT space. Many foundations, such as Internet of Things Security Foundation (IoTSF), are working toward collaborating to ensure data security.

Many systems and solutions are still prone to cyber threats despite the development of more secure hardware products and software solutions. Moreover, the data security concern is expected to continue and affect the demand for hardware for IoT applications, leading to the need for the development of more secure and highly encrypted hardware chipsets and connectivity solutions (such as gateways) in the future.

Opportunity: Government support for research and development of IoT technologies

Governments across the world are supporting and funding research and development of IoT to boost their productivity. Governments of multiple countries are looking for improvements and innovation in key areas such as smart traffic management systems, energy conservation through smart meters, and security system improvements through smart cameras. Moreover, various governments are funding new IoT research projects for the development of smart cities in the future. For instance, in 2012, the 12th 5-year development plan was launched in China with a focus on expanding the IoT market to USD 163 billion by 2020. Furthermore, the government of China has launched a program “Made in China 2025,” which focuses on intelligent manufacturing capacity to enhance its manufacturing and production globally. Beijing has planned to invest USD 800 million in the IoT industry. Similarly, in September 2019, the Indian government decided to fund about USD 2 billion for indigenous technology development for 5G and IoT so that they can leverage a USD 660 billion opportunity. Thus, government support is likely to play a critical role in the development and growth of the IoT ecosystem.

Governments worldwide are becoming aware of the significant potential of IoT; therefore, they are supporting and funding IoT-related R&D activities. Government support in different countries, such as the US, Canada, Germany, and the UK, will play a crucial role in the growth and development of the IoT professional services market as these countries aim to become potential adopters of IoT in the coming years. The increasing use of IoT in various countries leads to the increased data traffic, which, in turn, drives the demand for IoT professional services. In addition, governments of various countries are striving for improvements and innovations in smart traffic management systems, energy conservation through the deployment of smart meters, and improvements in security systems through smart cameras. Such countries financially support the initiation of new IoT research projects to develop and run smart cities in the future. For instance, in July 2016, the European Commission launched the IoT European Platforms Initiative (IoT-EPI) funded under the Horizon 2020 program. In 2018, it launched a specific cluster of R&D projects to develop new solutions for the security and privacy of IoT-based applications. European Union (EU) is expected to invest USD ~555 million for IoT-based research and innovations, as well as for the deployment of IoT across core sectors from 2014 to 2021.

Challenge: High power consumption by wireless sensor terminals/connected devices

In IoT, sensors and other peripherals are significant power users. Although technologies such as ultra-low-power processors, tiny mobile sensors, and wireless networking are available, there is a need for efficient power management and optical power consumption in IoT devices. Connectivity load would be another critical challenge as numerous devices need to be connected at the same time. For instance, the average smart home may contain 50–100 connected appliances, lights, thermostats, and other devices, each with its own power requirements. Equipment such as smart meters would be used to make the line power efficient. As frequent manual replacements of batteries of thousands of sensors, actuators, and other connected devices within IoT systems are not feasible, the main hurdle is the power management of devices using wireless technologies such as Wi-Fi. Although semiconductor manufacturers are already working toward producing ultra-low-power chips and modules, there is still a challenge for innovation in battery technology and power management of portable and wearable electronics.

Data management segment to account for the largest share of IoT technology market in 2020

In 2020, the data management software solution segment accounted for the largest size of the market. Software solutions are designed to meet interoperability challenges that arise because of varied heterogeneous devices, and to manage a large volume of data and its security and privacy. Microsoft Corporation (US), IBM Corporation (US), SAP SE (Germany), Cisco Systems Inc. (US), and PTC, Inc. (US) are some of the top software solution providers. With the increase in the number of connected devices, the volume of data is also proliferating. Connected devices generate a huge volume of unstructured data on a daily basis. These data can be used to gain insights by analyzing the data generated. For the management of the massive volume of data, data management software solutions are required. Data management solutions are the most important software solutions in the realm of IoT technology as enormous amounts of data produced by IoT devices pose a challenge for the technology providers to deal with. By implementing the IoT data management software, businesses are aiming to get a competitive edge with predictive analytics, as well as optimize their operations.

The device management platform segment is expected to witness the highest growth rate of IoT technology market during the forecast period

The device management platform is expected to register the highest CAGR during the forecast period. A device management platform assists in managing, tracking, securing, and sustaining the devices that are used in organizations. With the increasing number of connected devices, the need for device management platform will increase. A device management platform helps in device provisioning, configuration, remote access, device monitoring, software management, and troubleshooting. Without device management software, businesses may end up investing a hefty amount (cost and labor-intensive effort) to manage devices. The market for device management platforms will grow owing to the increasing number of connected devices, traffic, and error rates. The benefits of using device management are fast device registration, simple IoT device organization, quick locating of connected devices, and easy remote device management

North America is leading the market for IoT technology in 2020

North America held the largest share in the IoT technology market in 2020. North America is expected to continue to dominate the IoT technology market during the forecast period due to the presence of various key players.

Increasing penetration of the internet in technologically advancing economies and growing adoption of wireless sensors and networks across major end-use applications such as healthcare, retail, consumer electronics, industrial, and automotive and transportation have resulted in the growth of the global IoT technology market. Increased R&D in the field of IoT, in terms of new and improved technologies, and the increasing demand for improved lifestyle are the two crucial factors driving the growth of the market.

IoT Technology Market by Region

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Key Market Players

Major players in the IoT technology market include Intel Corporation (US); Qualcomm Technologies (US); Texas Instruments Incorporated (US); STMicroelectronics (Switzerland); IBM (US), and so on.

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Scope of the Report

Report Metric

Details

Market size available for years

2017–2027

Base year considered

2020

Forecast period

2021–2027

Forecast units

Value (USD Billion/Million/Thousand)

Segments covered

Node Component, Software Solution, Platform, Service, End-use Application, and Region

Geographies covered

North America, Latin America, Europe, APAC, and RoW

Companies covered

Intel Corporation (US), Qualcomm Technologies (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), IBM (US), Hewlett Packard Enterprise (US), Cisco Systems (US), Microsoft Corporation (US), PTC (US), and Amazon Web Services (AWS) (US), and so on.
(Total 25 major players covered)

In this research report, the IoT technology market has been segmented on the basis of offering, type, end-use industry, and geography.

IoT Technology Market, by Node Component

  • Processor
  • Connectivity IC
  • Memory Device
  • Sensor
  • Logic Device

IoT Technology Market, by Software Solution

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

IoT Technology Market, by Platform

  • Device Management
  • Application Management
  • Network Management

IoT Technology Market, by Service

  • Professional Services
  • Managed Services

IoT Technology Market, by End-use Application

  • Healthcare
  • Automotive & Transportation
  • Building Automation
  • Manufacturing
  • Retail
  • BFSI
  • Oil & Gas
  • Agriculture
  • Aerospace & Defense
  • Wearable Devices
  • Consumer Electronics

Geographic Analysis

  • North America
  • Latin America
  • Europe
  • APAC
  • RoW

Recent Developments

  • In April 2021, Intel launched new 3rd Generation Intel Xeon Scalable processors — combined with Intel’s portfolio of Intel Optane persistent memory and storage, Ethernet adapters, FPGAs, and optimized software solutions.
  • In October 2020, Texas Instruments launched a new Ethernet physical layer (PHY) capable of transmitting 10-Mbps Ethernet signals up to 1.7 km through a single pair of twisted wires.
  • In August 2019, Qualcomm entered into a new direct worldwide patent license 5-year agreement with LTE, which covered 3G, 4G, and 5G single and multimode devices.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 53)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKET COVERED
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 PACKAGE SIZE
    1.6 LIMITATIONS
    1.7 MARKET STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 59)
    2.1 RESEARCH DATA
           FIGURE 1 RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 Secondary sources
                    2.1.2.2 List of key secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary sources
                    2.1.3.2 Key industry insights
                    2.1.3.3 Primary interviews with experts
                    2.1.3.4 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
           FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH (DEMAND SIZE): BOTTOM-UP APPROACH FOR ESTIMATION OF SIZE OF IOT TECHNOLOGY MARKET
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Estimating market size using bottom-up analysis (demand side)
                               FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Estimating market size using top-down approach (supply side)
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION
           FIGURE 5 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
    2.5 RISK ASSESSMENT
           TABLE 1 LIMITATIONS & ASSOCIATED RISKS

3 EXECUTIVE SUMMARY (Page No. - 70)
    FIGURE 6 IOT TECHNOLOGY MARKET: OPTIMISTIC, REALISTIC, AND PESSIMISTIC SCENARIO ANALYSIS, 2017–2027
    3.1 IOT TECHNOLOGY MARKET: REALISTIC SCENARIO (POST-COVID-19)
    3.2 IOT TECHNOLOGY MARKET: OPTIMISTIC SCENARIO (POST-COVID-19)
    3.3 IOT TECHNOLOGY MARKET: PESSIMISTIC SCENARIO (POST-COVID-19)
           FIGURE 7 CONNECTIVITY IC SEGMENT TO HOLD LARGEST SIZE OF IOT TECHNOLOGY MARKET FROM 2021 TO 2027
           FIGURE 8 DATA MANAGEMENT SEGMENT TO HOLD LARGEST SIZE OF IOT TECHNOLOGY MARKET FROM 2021 TO 2027
           FIGURE 9 CONSUMER APPLICATION SEGMENT TO HOLD LARGER SIZE OF IOT TECHNOLOGY MARKET FROM 2021 TO 2027
           FIGURE 10 NORTH AMERICA HELD LARGEST SHARE OF IOT TECHNOLOGY MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 76)
    4.1 KEY OPPORTUNITIES IN IOT TECHNOLOGY MARKET
           FIGURE 11 IOT TECHNOLOGY MARKET TO REGISTER HIGHEST CAGR IN APAC FROM 2021 TO 2027
    4.2 IOT TECHNOLOGY MARKET, BY NODE COMPONENT
           FIGURE 12 LOGIC DEVICE SEGMENT TO REGISTER HIGHEST CAGR IN IOT TECHNOLOGY MARKET FROM 2021 TO 2027
    4.3 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION
           FIGURE 13 CONSUMER SEGMENT TO HOLD LARGER SIZE OF IOT TECHNOLOGY MARKET FROM 2021 TO 2027
    4.4 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY COUNTRY AND END-USE APPLICATION
           FIGURE 14 BUILDING AUTOMATION SEGMENT AND US HELD LARGEST SHARES OF IOT TECHNOLOGY MARKET IN NORTH AMERICA IN 2020
    4.5 IOT TECHNOLOGY MARKET, BY COUNTRY
           FIGURE 15 IOT TECHNOLOGY MARKET TO REGISTER HIGHEST CAGR IN CHINA DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 79)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Emergence of 5G communications technology
                               FIGURE 17 INTERNET USERS TILL SEPTEMBER 30, 2020, BY REGION
                               FIGURE 18 INTERNET PENETRATION RATE TILL SEPTEMBER 30, 2020, BY REGION
                    5.2.1.2 Increasing necessity of data centers due to rising adoption of cloud platforms
                    5.2.1.3 Growing use of wireless smart sensors and networks
                    5.2.1.4 Increased IP address space and better security solutions made available through IPv6
                               FIGURE 19 CONNECTION OF DIFFERENT NODES TO CLOUD VIA IPV6
                               FIGURE 20 IMPACT ANALYSIS OF DRIVERS ON IOT TECHNOLOGY MARKET
           5.2.2 RESTRAINTS
                    5.2.2.1 Unsettled concerns regarding security and privacy of user data
                               FIGURE 21 IMPACT ANALYSIS OF RESTRAINTS ON IOT TECHNOLOGY MARKET
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Cross-domain collaborations
                               FIGURE 22 CROSS-DOMAIN COLLABORATIONS BY USING IOT
                    5.2.3.2 Government support for research and development of IoT technologies
                    5.2.3.3 Accelerated IoT adoption in healthcare post COVID-19 outbreak
                               FIGURE 23 IMPORTANT SERVICES OFFERED BY IOT IN HEALTHCARE
                               FIGURE 24 IMPACT ANALYSIS OF OPPORTUNITIES ON IOT TECHNOLOGY MARKET
           5.2.4 CHALLENGES
                    5.2.4.1 Interoperability and lack of common standards
                    5.2.4.2 High power consumption by wireless sensor terminals/connected devices
                    5.2.4.3 Delay in deployment of IoT projects due to lack of IoT-related skills and connectivity issues
                               FIGURE 25 IMPACT ANALYSIS OF CHALLENGES ON IOT TECHNOLOGY MARKET
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 26 VALUE CHAIN: IOT TECHNOLOGY MARKET
    5.4 TECHNOLOGY ANALYSIS
           5.4.1 ARTIFICIAL INTELLIGENCE (AI)
           5.4.2 MACHINE LEARNING
           5.4.3 DIGITAL TWIN
           5.4.4 EDGE COMPUTING
           5.4.5 WI-FI
           5.4.6 CLOUD COMPUTING
           5.4.7 BIG DATA ANALYTICS
    5.5 PATENT ANALYSIS
           TABLE 2 PATENTS IN IOT TECHNOLOGY MARKET
    5.6 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 27 PORTER’S FIVE FORCES ANALYSIS, 2020
           TABLE 3 IOT TECHNOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.6.1 INTENSITY OF COMPETITIVE RIVALRY
           5.6.2 THREAT OF SUBSTITUTES
           5.6.3 BARGAINING POWER OF BUYERS
           5.6.4 BARGAINING POWER OF SUPPLIERS
           5.6.5 THREAT OF NEW ENTRANTS
    5.7 ECOSYSTEM ANALYSIS
    5.8 TRENDS AND DISRUPTIONS IMPACTING BUSINESSES OF CUSTOMERS
    5.9 CASE STUDY ANALYSIS
           5.9.1 CASE STUDY 1: ATOS
           TABLE 4 ATOS’ END-TO-END SOLUTION HELPED CCHBC IMPROVE CONSUMER RETAIL EXPERIENCE
           5.9.2 CASE STUDY 2: HCL TECHNOLOGIES
           TABLE 5 HCL TECHNOLOGIES HELPED PHARMA COMPANY ENHANCE PATIENT CARE WITH ITS IOT SOLUTION
           5.9.3 CASE STUDY 3: AMAZON WEB SERVICES (AWS)
           TABLE 6 AWS HELPED LG MAINTAIN CONTINUOUS CONNECTIVITY BETWEEN THINQ DEVICES AND ITS IOT PLATFORM
           5.9.4 CASE STUDY 4: BOSCH
           TABLE 7 WITH BOSCH’S IOT SOLUTION, HOLMER IMPROVED MACHINERY MANAGEMENT
    5.10 AVERAGE SELLING PRICE TREND
           FIGURE 28 AVERAGE SELLING PRICE OF IOT SENSORS, 2017–2019
    5.11 TRADE ANALYSIS
           5.11.1 TRADE ANALYSIS FOR HVAC
                    TABLE 8 WINDOW/WALL, SELF-CONTAINED, OR SPLIT-SYSTEM AIR-CONDITIONING MACHINE IMPORTS, BY COUNTRY, 2015–2019 (USD MILLION)
                    TABLE 9 WINDOW/WALL, SELF-CONTAINED, OR SPLIT-SYSTEM AIR-CONDITIONING MACHINE EXPORTS, BY COUNTRY, 2015–2019 (USD MILLION)
           5.11.2 TRADE ANALYSIS FOR VIDEO SURVEILLANCE
                    TABLE 10 TELEVISION CAMERA, DIGITAL CAMERA, AND VIDEO CAMERA RECORDER EXPORTS, BY COUNTRY, 2015–2019 (USD MILLION)
                    TABLE 11 TELEVISION CAMERA, DIGITAL CAMERA, AND VIDEO CAMERA RECORDER IMPORTS, BY COUNTRY, 2015–2019 (USD MILLION)
           5.11.3 TRADE ANALYSIS FOR FIRE PROTECTION SYSTEMS
                    TABLE 12 FIRE EXTINGUISHER EXPORTS, BY COUNTRY, 2015–2019 (USD MILLION)
                    TABLE 13 FIRE EXTINGUISHER IMPORTS, BY COUNTRY, 2015–2019 (USD MILLION)
    5.12 REGULATORY LANDSCAPE
           5.12.1 GENERAL DATA PROTECTION REGULATION
           5.12.2 CALIFORNIA CONSUMER PRIVACY ACT
           5.12.3 SERVICE ORGANIZATION CONTROL 2
           5.12.4 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT
           5.12.5 COMMUNICATIONS DECENCY ACT
           5.12.6 ANTI-CYBERSQUATTING CONSUMER PROTECTION ACT
           5.12.7 CEN/ISO
           5.12.8 ISO/IEC JTC 1
                    5.12.8.1 I SO/I EC J T C 1 /SWG 5
                    5.12.8.2 ISO/I EC J T C 1 /SC 3 1
                    5.12.8.3 ISO/I EC J T C 1 /SC 2 7
                    5.12.8.4 ISO/I EC J T C 1 /WG 7 S e n s o r s
           5.12.9 ETSI
                    5.12.10 IEEE

6 INTERNET OF THINGS TECHNOLOGY MARKET, BY NODE COMPONENT (Page No. - 112)
    6.1 INTRODUCTION
           FIGURE 29 IOT TECHNOLOGY MARKET, BY NODE COMPONENT
           FIGURE 30 CONNECTIVITY IC TO HOLD LARGEST SIZE OF IOT TECHNOLOGY MARKET IN 2021
           TABLE 14 IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2017–2020 (MILLION UNITS)
           TABLE 15 IOT TECHNOLOGY MARKET, BY NODE COMPONENT, 2021–2027 (MILLION UNITS)
    6.2 PROCESSOR
           6.2.1 PROCESSORS FACILITATE REAL-TIME DATA MONITORING AND ANALYTICS IN IOT DEVICES
                    TABLE 16 IOT TECHNOLOGY MARKET FOR PROCESSORS, BY TYPE, 2017–2020 (MILLION UNITS)
                    TABLE 17 IOT TECHNOLOGY MARKET FOR PROCESSORS, BY TYPE, 2021–2027 (MILLION UNITS)
           6.2.2 MICROCONTROLLER (MCU)
           6.2.3 MICROPROCESSOR (MPU)
           6.2.4 DIGITAL SIGNAL PROCESSOR (DSP)
           6.2.5 APPLICATION PROCESSOR (AP)
                    TABLE 18 IOT TECHNOLOGY MARKET FOR PROCESSORS, BY END-USE APPLICATION, 2017–2020 (MILLION UNITS)
                    TABLE 19 IOT TECHNOLOGY MARKET FOR PROCESSORS, BY END-USE APPLICATION, 2021–2027 (MILLION UNITS)
                    TABLE 20 IOT TECHNOLOGY MARKET FOR PROCESSORS, BY INDUSTRIAL APPLICATION, 2017–2020 (MILLION UNITS)
                    TABLE 21 IOT TECHNOLOGY MARKET FOR PROCESSOR, BY INDUSTRIAL APPLICATION, 2021–2027 (MILLION UNITS)
                    TABLE 22 IOT TECHNOLOGY MARKET FOR PROCESSORS, BY CONSUMER APPLICATION, 2017–2020 (MILLION UNITS)
                    TABLE 23 IOT TECHNOLOGY MARKET FOR PROCESSORS, BY CONSUMER APPLICATION, 2021–2027 (MILLION UNITS)
    6.3 SENSOR
           6.3.1 SENSORS CAN MEASURE VARIOUS PARAMETERS IN IOT DEVICES
                    TABLE 24 IOT TECHNOLOGY MARKET FOR SENSORS, BY TYPE, 2017–2020 (MILLION UNITS)
                    TABLE 25 IOT TECHNOLOGY MARKET FOR SENSORS, BY TYPE, 2021–2027 (MILLION UNITS)
           6.3.2 ACCELEROMETER
           6.3.3 INERTIAL MEASUREMENT UNIT (IMU)
           6.3.4 HEART RATE SENSOR
           6.3.5 PRESSURE SENSOR
           6.3.6 TEMPERATURE SENSOR
           6.3.7 BLOOD GLUCOSE SENSOR
           6.3.8 BLOOD OXYGEN SENSOR
           6.3.9 ELECTROCARDIOGRAM (ECG) SENSOR
           6.3.10 HUMIDITY SENSOR
           6.3.11 IMAGE SENSOR
           6.3.12 AMBIENT LIGHT SENSOR
           6.3.13 FLOW SENSOR
           6.3.14 LEVEL SENSOR
           6.3.15 CHEMICAL SENSOR
           6.3.16 CARBON MONOXIDE SENSOR
           6.3.17 MOTION AND POSITION SENSOR
           6.3.18 CAMERA MODULE
                    TABLE 26 IOT TECHNOLOGY MARKET FOR SENSORS, BY END-USE APPLICATION, 2017–2020 (MILLION UNITS)
                    TABLE 27 IOT TECHNOLOGY MARKET FOR SENSORS, BY END-USE APPLICATION, 2021–2027 (MILLION UNITS)
                    TABLE 28 IOT TECHNOLOGY MARKET FOR SENSORS, BY INDUSTRIAL APPLICATION, 2017–2020 (MILLION UNITS)
                    TABLE 29 IOT TECHNOLOGY MARKET FOR SENSORS, BY INDUSTRIAL APPLICATION, 2021–2027 (MILLION UNITS)
                    TABLE 30 IOT TECHNOLOGY MARKET FOR SENSORS, BY CONSUMER APPLICATION, 2017–2020 (MILLION UNITS)
                    TABLE 31 IOT TECHNOLOGY MARKET FOR SENSORS, BY CONSUMER APPLICATION, 2021–2027 (MILLION UNITS)
    6.4 CONNECTIVITY IC
           TABLE 32 IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY CONNECTIVITY TECHNOLOGY, 2017–2020 (MILLION UNITS)
           TABLE 33 IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY CONNECTIVITY TECHNOLOGY, 2021–2027(MILLION UNITS)
           6.4.1 WIRED
                    6.4.1.1 Ethernet/IP
                    6.4.1.2 Modbus
                    6.4.1.3 Profinet
                    6.4.1.4 Foundation Fieldbus (FF)
                               TABLE 34 IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY WIRED CONNECTIVITY TECHNOLOGY, 2017–2020 (MILLION UNITS)
                               TABLE 35 IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY WIRED CONNECTIVITY TECHNOLOGY, 2021–2027 (MILLION UNITS)
           6.4.2 WIRELESS
                    6.4.2.1 ANT+
                    6.4.2.2 Bluetooth
                    6.4.2.3 Bluetooth smart/Bluetooth low energy (BLE)
                    6.4.2.4 ZigBee
                    6.4.2.5 Wireless Fidelity (Wi-Fi)
                               FIGURE 31 SNAPSHOT OF KEY WI-FI-ENABLED IOT DEVICES
                    6.4.2.6 Near-field Communication (NFC)
                    6.4.2.7 Cellular Network
                    6.4.2.8 Wireless highway addressable remote transducer (WHART)
                    6.4.2.9 Global positioning system (GPS)/Global navigation satellite system (GNSS) module
                    6.4.2.10 ISA100
                    6.4.2.11 Bluetooth/WLAN
                               TABLE 36 IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2020 (MILLION UNITS)
                               TABLE 37 IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2021–2027 (MILLION UNITS)
                               TABLE 38 IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY END-USE APPLICATION, 2017–2020 (MILLION UNITS)
                               TABLE 39 IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY END-USE APPLICATION, 2021–2027 (MILLION UNITS)
                               TABLE 40 IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY INDUSTRIAL APPLICATION, 2017–2020 (MILLION UNITS)
                               TABLE 41 IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY INDUSTRIAL APPLICATION, 2021–2027 (MILLION UNITS)
                               TABLE 42 IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY CONSUMER APPLICATION, 2017–2020 (MILLION UNITS)
                               TABLE 43 IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY CONSUMER APPLICATION, 2021–2027 (MILLION UNITS)
    6.5 MEMORY DEVICE
           6.5.1 ON-CHIP MEMORY
                    6.5.1.1 On-chip memory offers high-speed performance with reduced power consumption
                               TABLE 44 IOT TECHNOLOGY MARKET FOR MEMORY DEVICES, BY TYPE, 2017–2020 (MILLION UNITS)
                               TABLE 45 IOT TECHNOLOGY MARKET FOR MEMORY DEVICES, BY TYPE, 2021–2027 (MILLION UNITS)
           6.5.2 OFF-CHIP MEMORY/EXTERNAL MEMORY
                    6.5.2.1 Off-chip memory devices are mostly used in servers, PCs, and mobile devices
                               FIGURE 32 SNAPSHOT OF FLOW OF DATA FROM EDGE DEVICES/NODES TO STORAGE CENTRES VIA GATEWAY
                               TABLE 46 IOT TECHNOLOGY MARKET FOR MEMORY DEVICES, BY END-USE APPLICATION, 2017–2020 (MILLION UNITS)
                               TABLE 47 IOT TECHNOLOGY MARKET FOR MEMORY DEVICES, BY END-USE APPLICATION, 2021–2027 (MILLION UNITS)
                               TABLE 48 IOT TECHNOLOGY MARKET FOR MEMORY DEVICES, BY INDUSTRIAL APPLICATION, 2017–2020 (MILLION UNITS)
                               TABLE 49 IOT TECHNOLOGY MARKET FOR MEMORY DEVICES, BY INDUSTRIAL APPLICATION, 2021–2027 (MILLION UNITS)
                               TABLE 50 IOT TECHNOLOGY MARKET FOR MEMORY DEVICES, BY CONSUMER APPLICATION, 2017–2020 (MILLION UNITS)
                               TABLE 51 IOT TECHNOLOGY MARKET FOR MEMORY DEVICES, BY CONSUMER APPLICATION, 2021–2027 (MILLION UNITS)
    6.6 LOGIC DEVICE
           6.6.1 LOGIC DEVICE OFFERS ADVANTAGES LIKE RAPID PROTOTYPING, SHORTER TIME TO MARKET, AND LONG PRODUCT CYCLE
           6.6.2 FIELD-PROGRAMMABLE GATE ARRAY (FPGA)
                    TABLE 52 IOT TECHNOLOGY MARKET FOR LOGIC DEVICES, BY TYPE, 2017–2020 (MILLION UNITS)
                    TABLE 53 IOT TECHNOLOGY MARKET FOR LOGIC DEVICES, BY TYPE, 2021–2027 (MILLION UNITS)
                    TABLE 54 IOT TECHNOLOGY MARKET FOR LOGIC DEVICES, BY END-USE APPLICATION, 2017–2020 (MILLION UNITS)
                    TABLE 55 IOT TECHNOLOGY MARKET FOR LOGIC DEVICES, BY END-USE APPLICATION, 2021–2027 (MILLION UNITS)

7 INTERNET OF THINGS TECHNOLOGY MARKET, BY SOFTWARE SOLUTION (Page No. - 142)
    7.1 INTRODUCTION
           FIGURE 33 INTERNET OF THINGS TECHNOLOGY MARKET, BY SOFTWARE SOLUTION
           FIGURE 34 REMOTE MONITORING SEGMENT IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 56 IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2017–2020 (USD BILLION)
           TABLE 57 IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION, 2021–2027 (USD BILLION)
    7.2 REAL-TIME STREAMING ANALYTICS
           7.2.1 IOT REAL-TIME STREAMING ANALYTICS SOLUTIONS LEVERAGE REAL-TIME REMOTE MANAGEMENT AND MONITORING AND GAIN INSIGHTS FROM REMOTE DEVICES
    7.3 SECURITY SOLUTION
           7.3.1 SECURITY SOLUTIONS ENABLE ORGANIZATIONS TO SECURE THEIR IOT ECOSYSTEM FROM SOPHISTICATED AND ADVANCED THREATS
    7.4 DATA MANAGEMENT
           7.4.1 DATA MANAGEMENT SOLUTIONS HELP TO MANAGE STRUCTURED AND UNSTRUCTURED DATA TO GENERATE INSIGHTS FROM DATA
    7.5 REMOTE MONITORING
           7.5.1 REMOTE MONITORING SYSTEMS HELP IN MINIMIZING COSTS AND PREVENTING UNPLANNED DOWNTIME
    7.6 NETWORK BANDWIDTH MANAGEMENT
           7.6.1 NETWORK BANDWIDTH MANAGEMENT INCREASES NETWORK EFFICIENCY BY TRACKING BANDWIDTH AND RESOURCE CONSUMPTION

8 INTERNET OF THINGS TECHNOLOGY MARKET, BY PLATFORM (Page No. - 148)
    8.1 INTRODUCTION
           FIGURE 35 IOT TECHNOLOGY MARKET, BY PLATFORM
           FIGURE 36 NETWORK MANAGEMENT SEGMENT TO HOLD LARGEST MARKET SIZE IN 2021
           TABLE 58 IOT TECHNOLOGY MARKET, BY PLATFORM, 2017–2020 (USD BILLION)
           TABLE 59 IOT TECHNOLOGY MARKET, BY PLATFORM, 2021–2027 (USD BILLION)
    8.2 DEVICE MANAGEMENT
           8.2.1 DEVICE MANAGEMENT PLATFORMS HELP IN KEEPING SMART ASSETS CONNECTED, UP-TO-DATE, AND SECURE
    8.3 APPLICATION MANAGEMENT
           8.3.1 APPLICATION MANAGEMENT PLATFORMS MAINLY FOCUS ON MANAGING FIRMWARE AND SOFTWARE UPDATES IN DEVICES AND APPLICATIONS
    8.4 NETWORK MANAGEMENT
           8.4.1 NETWORK MANAGEMENT AIDS SEAMLESS AND FASTER DATA TRANSFER IN CRITICAL APPLICATIONS

9 INTERNET OF THINGS TECHNOLOGY MARKET, BY SERVICE (Page No. - 153)
    9.1 INTRODUCTION
           FIGURE 37 IOT TECHNOLOGY MARKET, BY SERVICE
           FIGURE 38 MANAGED SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 60 IOT TECHNOLOGY MARKET, BY SERVICE, 2017–2020 (USD MILLION)
           TABLE 61 IOT TECHNOLOGY MARKET, BY SERVICE, 2021–2027 (USD MILLION)
    9.2 PROFESSIONAL SERVICES
           FIGURE 39 PROFESSIONAL SERVICES FOR IOT
           9.2.1 DEPLOYMENT AND INTEGRATION SERVICE
                    9.2.1.1 Deployment and integration services allow organizations to integrate their operational and enterprise environment to ultimately provide transparent and secure IoT experience
           9.2.2 SUPPORT AND MAINTENANCE
                    9.2.2.1 Support and maintenance services give organizations access to latest software features and functionalities
           9.2.3 CONSULTING SERVICE
                    9.2.3.1 Consulting services help in identifying right platforms according to requirements, reducing complexity, and developing services in right time
    9.3 MANAGED SERVICES
           9.3.1 MANAGED SERVICES INCREASES PRODUCTIVITY AND HELP IN MITIGATING RISKS
                    FIGURE 40 MANAGED SERVICES FOR IOT

10 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION (Page No. - 159)
     10.1 INTRODUCTION
               FIGURE 41 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION
               TABLE 62 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION, 2017–2020 (USD MILLION)
               TABLE 63 IOT TECHNOLOGY MARKET, BY END-USE APPLICATION, 2021–2027 (USD MILLION)
               FIGURE 42 CONSUMER SEGMENT TO HOLD LARGE SIZE OF IOT TECHNOLOGY MARKET, 2021 TO 2027
               TABLE 64 IOT TECHNOLOGY MARKET FOR INDUSTRIAL AND CONSUMER, BY SUB APPLICATION, 2017–2020 (USD MILLION)
               TABLE 65 IOT TECHNOLOGY MARKET FOR INDUSTRIAL AND CONSUMER, BY SUB APPLICATION, 2021–2027 (USD MILLION)
               FIGURE 43 CONSUMER ELECTRONICS SEGMENT EXPECTED TO HOLD LARGEST SIZE OF IOT TECHNOLOGY MARKET FROM 2021 TO 2027
               TABLE 66 IOT TECHNOLOGY MARKET FOR INDUSTRIAL AND CONSUMER, BY SUB APPLICATION, 2017–2020 (MILLION UNITS)
               TABLE 67 IOT TECHNOLOGY MARKET FOR INDUSTRIAL AND CONSUMER, BY SUB APPLICATION, 2021–2027 (MILLION UNITS)
               TABLE 68 IOT TECHNOLOGY MARKET FOR GATEWAYS, BY END-USE APPLICATION, 2017–2020 (THOUSAND UNITS)
               TABLE 69 IOT TECHNOLOGY MARKET FOR GATEWAYS, BY END-USE APPLICATION, 2021–2027 (THOUSAND UNITS)
     10.2 INDUSTRIAL
             10.2.1 HEALTHCARE
                       10.2.1.1 Remote monitoring of patients post COVID-19 has fueled demand for IoT in healthcare
                                   TABLE 70 IOT TECHNOLOGY MARKET FOR HEALTHCARE, BY DEVICE TYPE, 2017–2020 (USD MILLION)
                                   TABLE 71 IOT TECHNOLOGY MARKET FOR HEALTHCARE, BY DEVICE TYPE, 2021–2027 (USD MILLION)
                                   TABLE 72 IOT TECHNOLOGY (ONLY NODE) MARKET FOR HEALTHCARE, BY DEVICE TYPE, 2017–2020 (THOUSAND UNITS)
                                   TABLE 73 IOT TECHNOLOGY MARKET FOR HEALTHCARE, BY DEVICE TYPE, 2017–2020 (THOUSAND UNITS)
                                   TABLE 74 IOT TECHNOLOGY (ONLY NODE) MARKET FOR HEALTHCARE, BY DEVICE TYPE, 2021–2027 (THOUSAND UNITS)
                                   TABLE 75 IOT TECHNOLOGY MARKET FOR HEALTHCARE, BY DEVICE TYPE, 2021–2027 (THOUSAND UNITS)
                                   TABLE 76 IOT TECHNOLOGY MARKET FOR HEALTHCARE, BY NODE COMPONENT, 2017–2020 (MILLION UNITS)
                                   TABLE 77 IOT TECHNOLOGY MARKET FOR HEALTHCARE, BY NODE COMPONENT, 2021–2027 (MILLION UNITS)
                                   TABLE 78 IOT TECHNOLOGY MARKET FOR HEALTHCARE, BY PROCESSOR TYPE, 2017–2020 (MILLION UNITS)
                                   TABLE 79 IOT TECHNOLOGY MARKET FOR HEALTHCARE, BY PROCESSOR TYPE, 2021–2027 (MILLION UNITS)
                                   TABLE 80 IOT TECHNOLOGY MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                                   TABLE 81 IOT TECHNOLOGY MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
                                   TABLE 82 IOT TECHNOLOGY MARKET FOR HEALTHCARE IN LATIN AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                                   TABLE 83 IOT TECHNOLOGY MARKET FOR HEALTHCARE IN LATIN AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
                                   TABLE 84 IOT TECHNOLOGY MARKET FOR HEALTHCARE IN EUROPE, COUNTRY, 2017–2020 (USD MILLION)
                                   TABLE 85 IOT TECHNOLOGY MARKET FOR HEALTHCARE IN EUROPE, BY COUNTRY, 2021–2027 (USD MILLION)
                                   TABLE 86 IOT TECHNOLOGY MARKET FOR HEALTHCARE IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
                                   TABLE 87 IOT TECHNOLOGY MARKET FOR HEALTHCARE IN APAC, BY COUNTRY, 2021–2027 (USD MILLION)
                                   TABLE 88 IOT TECHNOLOGY MARKET FOR HEALTHCARE IN ROW, BY REGION, 2017–2020 (USD MILLION)
                                   TABLE 89 IOT TECHNOLOGY MARKET FOR HEALTHCARE IN ROW, BY REGION, 2021–2027 (USD MILLION)
                       10.2.1.2 Healthcare application: Products covered
                                   10.2.1.2.1 Fitness & heart rate monitors
                                   10.2.1.2.2 Blood pressure monitors
                                   10.2.1.2.3 Blood glucose meters
                                   10.2.1.2.4 Continuous Glucose Monitors
                                   10.2.1.2.5 Pulse oximeters
                                   10.2.1.2.6 Automated external defibrillators
                                   10.2.1.2.7 Programmable syringe pumps
                                   10.2.1.2.8 Wearable injectors
                                   10.2.1.2.9 Multiparameter monitors
                     10.2.1.2.10 Fall detectors
                     10.2.1.2.11 Smart pill dispensers
                     10.2.1.2.12 Gateways
             10.2.2 AUTOMOTIVE & TRANSPORTATION
                       10.2.2.1 Autonomous cars and intelligent transportation trends are fueling growth of market
                                   TABLE 90 IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 91 IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY TYPE, 2021–2027 (USD MILLION)
                                   TABLE 92 IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY TYPE, 2017–2020 (MILLION UNITS)
                                   TABLE 93 IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY TYPE, 2021–2027 (MILLION UNITS)
                                   TABLE 94 IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY NODE COMPONENT, 2017–2020 (MILLION UNITS)
                                   TABLE 95 IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY NODE COMPONENT, 2021–2027 (MILLION UNITS)
                                   TABLE 96 IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                                   TABLE 97 IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN NORTH AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
                                   TABLE 98 IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN LATIN AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                                   TABLE 99 IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN LATIN AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
                                   TABLE 100 IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                                   TABLE 101 IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN EUROPE, BY COUNTRY, 2021–2027 (USD MILLION)
                                   TABLE 102 IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
                                   TABLE 103 IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN APAC, BY COUNTRY, 2021–2027 (USD MILLION)
                                   TABLE 104 IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN ROW, BY REGION, 2017–2020 (USD MILLION)
                                   TABLE 105 IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN ROW, BY REGION, 2021–2027 (USD MILLION)
                       10.2.2.2 Automotive & transportation application: Products covered
                                   10.2.2.2.1 Connected cars
                                                    10.2.2.2.1.1 Level 1 – driver assistance
                                                    10.2.2.2.1.2 Level 2 – partial automation
                                                    10.2.2.2.1.3 Level 3 – conditional automation
                                                    10.2.2.2.1.4 Level 4 – high automation
                                   10.2.2.2.2 Ultrasonic sensors
                                   10.2.2.2.3 Cameras/image sensors
                                   10.2.2.2.4 Radar
                                   10.2.2.2.5 Lidar
                                   10.2.2.2.6 Infrared (IR) detector
                       10.2.2.3 In-car infotainment
                       10.2.2.4 Traffic management
                                   10.2.2.4.1 Vehicle detection sensor
                                   10.2.2.4.2 Pedestrian presence sensor
                                   10.2.2.4.3 Speed sensor
                                   10.2.2.4.4 Thermal camera
                                   10.2.2.4.5 Automated incident detection (AID) camera
                       10.2.2.5 Public transport/mass transit
                       10.2.2.6 E-tolls/E-highways
                       10.2.2.7 Gateways
             10.2.3 BUILDING AUTOMATION
                       10.2.3.1 Need for energy efficiency and enhanced security is boosting adoption of IoT in building automation
                                   TABLE 106 IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 107 IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION, BY TYPE, 2021–2027 (USD MILLION)
                                   TABLE 108 IOT TECHNOLOGY (ONLY NODE) MARKET FOR BUILDING AUTOMATION, BY DEVICE TYPE, 2017–2020 (MILLION UNITS)
                                   TABLE 109 IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION, BY DEVICE TYPE, 2017–2020 (MILLION UNITS)
                                   TABLE 110 IOT TECHNOLOGY (ONLY NODE) MARKET FOR BUILDING AUTOMATION, BY DEVICE TYPE, 2021–2027 (MILLION UNITS)
                                   TABLE 111 IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION, BY DEVICE TYPE, 2021–2027 (MILLION UNITS)
                                   TABLE 112 IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION, BY NODE COMPONENT, 2017–2020 (MILLION UNITS)
                                   TABLE 113 IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION, BY NODE COMPONENT, 2021–2027 (MILLION UNITS)
                                   TABLE 114 IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION, BY PROCESSOR TYPE, 2017–2020 (MILLION UNITS)
                                   TABLE 115 IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION, BY PROCESSOR TYPE, 2021–2027 (MILLION UNITS)
                                   TABLE 116 IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                                   TABLE 117 IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION IN NORTH AMERICA, 2021–2027 (USD MILLION)
                                   TABLE 118 IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION IN LATIN AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                                   TABLE 119 IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION IN LATIN AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
                                   TABLE 120 IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                                   TABLE 121 IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION IN EUROPE, BY COUNTRY, 2021–2027 (USD MILLION)
                                   TABLE 122 IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
                                   TABLE 123 IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION IN APAC, BY COUNTRY, 2021–2027 (USD MILLION)
                                   TABLE 124 IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION IN ROW, BY REGION, 2017–2020 (USD MILLION)
                                   TABLE 125 IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION IN ROW, BY REGION, 2021–2027 (USD MILLION)
                       10.2.3.2 Building automation application: Products covered
                                   10.2.3.2.1 Occupancy sensors
                                   10.2.3.2.2 Daylight sensors
                                   10.2.3.2.3 Smart Thermostats
                                   10.2.3.2.4 IP cameras
                                   10.2.3.2.5 Smart meters
                                   10.2.3.2.6 Smart locks
                                   10.2.3.2.7 Smoke detectors
                                   10.2.3.2.8 Gateways
             10.2.4 MANUFACTURING
                       10.2.4.1 Adoption of industry 4.0 principles has fueled IoT adoption in manufacturing
                       10.2.4.2 Manufacturing application: Products covered
                                   10.2.4.2.1 Temperature sensors
                                   10.2.4.2.2 Pressure sensors
                                   10.2.4.2.3 Level sensors
                                   10.2.4.2.4 Flow sensors
                                   10.2.4.2.5 Chemical sensors
                                   10.2.4.2.6 Humidity sensors
                                   10.2.4.2.7 Motion and position sensors
                                   10.2.4.2.8 Image sensors
                                   10.2.4.2.9 Gateways
                                                TABLE 126 IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY TYPE, 2017–2020 (USD MILLION)
                                                TABLE 127 IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY TYPE, 2021–2027 (USD MILLION)
                                                TABLE 128 IOT TECHNOLOGY (ONLY NODE) MARKET FOR MANUFACTURING, BY DEVICE TYPE, 2017–2020 (MILLION UNITS)
                                                TABLE 129 IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY DEVICE TYPE, 2017–2020 (MILLION UNITS)
                                                TABLE 130 IOT TECHNOLOGY (ONLY NODE) MARKET FOR MANUFACTURING, BY DEVICE TYPE, 2021–2027 (MILLION UNITS)
                                                TABLE 131 IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY DEVICE TYPE, 2021–2027 (MILLION UNITS)
                                                TABLE 132 IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY NODE COMPONENT, 2017–2020 (MILLION UNITS)
                                                TABLE 133 IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY NODE COMPONENT, 2021–2027 (MILLION UNITS)
                                                TABLE 134 IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY CONNECTIVITY TECHNOLOGY, 2017–2020 (MILLION UNITS)
                                                TABLE 135 IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY CONNECTIVITY TECHNOLOGY, 2021–2027 (MILLION UNITS)
                                                TABLE 136 IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY WIRED CONNECTIVITY TECHNOLOGY, 2017–2020 (MILLION UNITS)
                                                TABLE 137 IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY WIRED CONNECTIVITY TECHNOLOGY, 2021–2027 (MILLION UNITS)
                                                TABLE 138 IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2020 (MILLION UNITS)
                                                TABLE 139 IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2021–2027 (MILLION UNITS)
                                                TABLE 140 IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY DEVICE TYPE, 2017–2020 (THOUSAND UNITS)
                                                TABLE 141 IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY DEVICE TYPE, 2021–2027 (THOUSAND UNITS)
                                                TABLE 142 IOT TECHNOLOGY MARKET FOR MANUFACTURING IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                                                TABLE 143 IOT TECHNOLOGY MARKET FOR MANUFACTURING IN NORTH AMERICA,  BY COUNTRY, 2021–2027 (USD MILLION)
                                                TABLE 144 IOT TECHNOLOGY MARKET FOR MANUFACTURING IN LATIN AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                                                TABLE 145 IOT TECHNOLOGY MARKET FOR MANUFACTURING IN LATIN AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
                                                TABLE 146 IOT TECHNOLOGY MARKET FOR MANUFACTURING IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                                                TABLE 147 IOT TECHNOLOGY MARKET FOR MANUFACTURING IN EUROPE, BY COUNTRY, 2021–2027 (USD MILLION)
                                                TABLE 148 IOT TECHNOLOGY MARKET FOR MANUFACTURING IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
                                                TABLE 149 IOT TECHNOLOGY MARKET FOR MANUFACTURING IN APAC, BY COUNTRY, 2021–2027 (USD MILLION)
                                                TABLE 150 IOT TECHNOLOGY MARKET FOR MANUFACTURING IN ROW, BY REGION, 2017–2020 (USD MILLION)
                                                TABLE 151 IOT TECHNOLOGY MARKET FOR MANUFACTURING IN ROW, BY REGION, 2021–2027 (USD MILLION)
             10.2.5 RETAIL
                       10.2.5.1 Growing popularity of digital signage and intelligent vending machines in retail is driving market growth
                       10.2.5.2 Retail application: Products covered
                                   10.2.5.2.1 Intelligent vending machines
                                                FIGURE 44 INTELLIGENT VENDING USING IOT GATEWAY
                                   10.2.5.2.2 Contactless checkout/POS
                                   10.2.5.2.3 Smart mirror
                                   10.2.5.2.4 Smart shopping cart
                                   10.2.5.2.5 Digital signage
                                   10.2.5.2.6 Smart tags
                                   10.2.5.2.7 Wireless beacon
                                   10.2.5.2.8 Gateways
                                                TABLE 152 IOT TECHNOLOGY MARKET FOR RETAIL, BY TYPE, 2017–2020 (USD THOUSAND)
                                                TABLE 153 IOT TECHNOLOGY MARKET FOR RETAIL, BY TYPE, 2021–2027 (USD THOUSAND)
                                                TABLE 154 IOT TECHNOLOGY (ONLY NODE) MARKET FOR RETAIL, BY DEVICE TYPE, 2017–2020 (THOUSAND UNITS)
                                                TABLE 155 IOT TECHNOLOGY MARKET FOR RETAIL, BY DEVICE TYPE, 2017–2020 (THOUSAND UNITS)
                                                TABLE 156 IOT TECHNOLOGY (ONLY NODE) MARKET FOR RETAIL, BY DEVICE TYPE, 2021–2027 (THOUSAND UNITS)
                                                TABLE 157 IOT TECHNOLOGY MARKET FOR RETAIL, BY DEVICE TYPE, 2021–2027 (THOUSAND UNITS)
                                                TABLE 158 IOT TECHNOLOGY MARKET FOR RETAIL, BY NODE COMPONENT, 2017–2020 (MILLION UNITS)
                                                TABLE 159 IOT TECHNOLOGY MARKET FOR RETAIL, BY NODE COMPONENT, 2021–2027 (MILLION UNITS)
                                                TABLE 160 IOT TECHNOLOGY MARKET FOR RETAIL IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                                                TABLE 161 IOT TECHNOLOGY MARKET FOR RETAIL IN NORTH AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
                                                TABLE 162 IOT TECHNOLOGY MARKET FOR RETAIL IN LATIN AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                                                TABLE 163 IOT TECHNOLOGY MARKET FOR RETAIL IN LATIN AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
                                                TABLE 164 IOT TECHNOLOGY MARKET FOR RETAIL IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                                                TABLE 165 IOT TECHNOLOGY MARKET FOR RETAIL IN EUROPE, BY COUNTRY, 2021–2027 (USD MILLION)
                                                TABLE 166 IOT TECHNOLOGY MARKET FOR RETAIL IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
                                                TABLE 167 IOT TECHNOLOGY MARKET FOR RETAIL IN APAC, BY COUNTRY, 2021–2027 (USD MILLION)
                                                TABLE 168 IOT TECHNOLOGY MARKET FOR RETAIL IN ROW, BY REGION, 2017–2020 (USD MILLION)
                                                TABLE 169 IOT TECHNOLOGY MARKET FOR RETAIL IN ROW, BY REGION, 2021–2027 (USD MILLION)
             10.2.6 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)
                       10.2.6.1 Adoption of mPOS and kiosks is driving market growth
                                   FIGURE 45 KEY APPLICATION AREAS OF IOT IN BFSI END-USE APPLICATION
                       10.2.6.2 BFSI application: Products covered
                                   10.2.6.2.1 Mobile point of sale (mPOS)
                                   10.2.6.2.2 Smart kiosk/Interactive kiosk
                                   10.2.6.2.3 Gateways
                                                TABLE 170 IOT TECHNOLOGY MARKET FOR BFSI, BY TYPE, 2017–2020 (USD MILLION)
                                                TABLE 171 IOT TECHNOLOGY MARKET FOR BFSI, BY TYPE, 2021–2027 (USD MILLION)
                                                TABLE 172 IOT TECHNOLOGY (ONLY NODE) MARKET FOR BFSI, BY TYPE, 2017–2020 (MILLION UNITS)
                                                TABLE 173 IOT TECHNOLOGY MARKET FOR BFSI, BY TYPE, 2017–2020 (MILLION UNITS)
                                                TABLE 174 IOT TECHNOLOGY (ONLY NODE) MARKET FOR BFSI, BY TYPE, 2021–2027 (MILLION UNITS)
                                                TABLE 175 IOT TECHNOLOGY MARKET FOR BFSI, BY TYPE, 2021–2027 (MILLION UNITS)
                                                TABLE 176 IOT TECHNOLOGY MARKET FOR BFSI, BY NODE COMPONENT, 2017–2020 (THOUSAND UNITS)
                                                TABLE 177 IOT TECHNOLOGY MARKET FOR BFSI, BY NODE COMPONENT, 2021–2027 (THOUSAND UNITS)
                                                TABLE 178 IOT TECHNOLOGY MARKET FOR BFSI IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                                                TABLE 179 IOT TECHNOLOGY MARKET FOR BFSI IN NORTH AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
                                                TABLE 180 IOT TECHNOLOGY MARKET FOR BFSI IN LATIN AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                                                TABLE 181 IOT TECHNOLOGY MARKET FOR BFSI IN LATIN AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
                                                TABLE 182 IOT TECHNOLOGY MARKET FOR BFSI IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                                                TABLE 183 IOT TECHNOLOGY MARKET FOR BFSI IN EUROPE, BY COUNTRY, 2021–2027 (USD MILLION)
                                                TABLE 184 IOT TECHNOLOGY MARKET FOR BFSI IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
                                                TABLE 185 IOT TECHNOLOGY MARKET FOR BFSI IN APAC, BY COUNTRY, 2021–2027 (USD MILLION)
                                                TABLE 186 IOT TECHNOLOGY MARKET FOR BFSI IN ROW, BY REGION, 2017–2020 (USD MILLION)
                                                TABLE 187 IOT TECHNOLOGY MARKET FOR BFSI IN ROW, BY REGION, 2021–2027 (USD MILLION)
             10.2.7 OIL & GAS
                       10.2.7.1 Need for remote monitoring in operations of oil & gas industry is propelling market growth
                       10.2.7.2 Oil & gas application: Products covered
                                   10.2.7.2.1 Temperature sensors
                                   10.2.7.2.2 Pressure sensors
                                   10.2.7.2.3 Level sensors
                                   10.2.7.2.4 Flow sensors
                                   10.2.7.2.5 Image sensors
                                   10.2.7.2.6 Other sensors (humidity sensors, motion & position sensors, and chemical & gas sensors)
                                   10.2.7.2.7 Gateways
                                                TABLE 188 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY TYPE, 2017–2020 (USD THOUSAND)
                                                TABLE 189 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY TYPE, 2021–2027 (USD THOUSAND)
                                                TABLE 190 IOT TECHNOLOGY (ONLY NODE) MARKET FOR OIL & GAS, BY SENSOR TYPE, 2017–2020 (THOUSAND UNITS)
                                                TABLE 191 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY SENSOR TYPE, 2017–2020 (THOUSAND UNITS)
                                                TABLE 192 IOT TECHNOLOGY (ONLY NODE) MARKET FOR OIL & GAS, BY SENSOR TYPE, 2021–2027 (THOUSAND UNITS)
                                                TABLE 193 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY SENSOR TYPE, 2021–2027 (THOUSAND UNITS)
                                                TABLE 194 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY NODE COMPONENT, 2017–2020 (MILLION UNITS)
                                                TABLE 195 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY NODE COMPONENT, 2021–2027 (MILLION UNITS)
                                                TABLE 196 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY CONNECTIVITY TECHNOLOGY, 2017–2020 (MILLION UNITS)
                                                TABLE 197 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY CONNECTIVITY TECHNOLOGY, 2021–2027 (MILLION UNITS)
                                                TABLE 198 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY WIRED CONNECTIVITY, 2017–2020 (THOUSAND UNITS)
                                                TABLE 199 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY WIRED CONNECTIVITY, 2021–2027 (THOUSAND UNITS)
                                                TABLE 200 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY WIRELESS CONNECTIVITY, 2017–2020 (THOUSAND UNITS)
                                                TABLE 201 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY WIRELESS CONNECTIVITY, 2021–2027 (THOUSAND UNITS)
                                                TABLE 202 IOT TECHNOLOGY MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                                                TABLE 203 IOT TECHNOLOGY MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
                                                TABLE 204 IOT TECHNOLOGY MARKET FOR OIL & GAS IN LATIN AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                                                TABLE 205 IOT TECHNOLOGY MARKET FOR OIL & GAS IN LATIN AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
                                                TABLE 206 IOT TECHNOLOGY MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                                                TABLE 207 IOT TECHNOLOGY MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY, 2021–2027 (USD MILLION)
                                                TABLE 208 IOT TECHNOLOGY MARKET FOR OIL & GAS IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
                                                TABLE 209 IOT TECHNOLOGY MARKET FOR OIL & GAS IN APAC, BY COUNTRY, 2021–2027 (USD MILLION)
                                                TABLE 210 IOT TECHNOLOGY MARKET FOR OIL & GAS IN ROW, BY REGION, 2017–2020 (USD MILLION)
                                                TABLE 211 IOT TECHNOLOGY MARKET FOR OIL & GAS IN ROW, BY REGION, 2021–2027 (USD MILLION)
             10.2.8 AGRICULTURE
                       10.2.8.1 Increasing global demand for food and adoption of smart farming practices is driving market growth
                                   FIGURE 46 IOT IN AGRICULTURE
                       10.2.8.2 Agriculture application: Products covered
                                   10.2.8.2.1 Climate sensors
                                   10.2.8.2.2 Soil moisture sensors
                                   10.2.8.2.3 Level sensors
                                   10.2.8.2.4 Gateways
                                                TABLE 212 IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY TYPE, 2017–2020 (USD MILLION)
                                                TABLE 213 IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY TYPE, 2021–2027 (USD MILLION)
                                                TABLE 214 IOT TECHNOLOGY (ONLY NODE) MARKET FOR AGRICULTURE, BY SENSOR TYPE, 2017–2020 (THOUSAND UNITS)
                                                TABLE 215 IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY DEVICE TYPE, 2017–2020 (THOUSAND UNITS)
                                                TABLE 216 IOT TECHNOLOGY (ONLY NODE) MARKET FOR AGRICULTURE, BY SENSOR TYPE, 2021–2027 (THOUSAND UNITS)
                                                TABLE 217 IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY DEVICE TYPE, 2021–2027 (THOUSAND UNITS)
                                                TABLE 218 IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY NODE COMPONENT, 2017–2020 (THOUSAND UNITS)
                                                TABLE 219 IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY NODE COMPONENT, 2021–2027 (THOUSAND UNITS)
                                                TABLE 220 IOT TECHNOLOGY MARKET FOR AGRICULTURE IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD THOUSAND)
                                                TABLE 221 IOT TECHNOLOGY MARKET FOR AGRICULTURE IN NORTH AMERICA, BY COUNTRY, 2021–2027 (USD THOUSAND)
                                                TABLE 222 IOT TECHNOLOGY MARKET FOR AGRICULTURE IN LATIN AMERICA, BY COUNTRY, 2017–2020 (USD THOUSAND)
                                                TABLE 223 IOT TECHNOLOGY MARKET FOR AGRICULTURE IN LATIN AMERICA, BY COUNTRY, 2021–2027 (USD THOUSAND)
FALSE
                                                TABLE 225 IOT TECHNOLOGY MARKET FOR AGRICULTURE IN EUROPE, BY COUNTRY, 2021–2027 (USD THOUSAND)
                                                TABLE 226 IOT TECHNOLOGY MARKET FOR AGRICULTURE IN APAC, BY COUNTRY, 2017–2020 (USD THOUSAND)
                                                TABLE 227 IOT TECHNOLOGY MARKET FOR AGRICULTURE IN APAC, BY COUNTRY, 2021–2027 (USD THOUSAND)
                                                TABLE 228 IOT TECHNOLOGY MARKET FOR AGRICULTURE IN ROW, BY REGION, 2017–2020 (USD THOUSAND)
                                                TABLE 229 IOT TECHNOLOGY MARKET FOR AGRICULTURE IN ROW, BY REGION, 2021–2027 (USD THOUSAND)
             10.2.9 AEROSPACE AND DEFENSE
                       10.2.9.1 Focus in improving efficiency, passenger safety, security, and experience is boosting IoT adoption in aerospace and defense
                       10.2.9.2 Aerospace and defense application: Products covered
                                   10.2.9.2.1 Smart baggage tags
                                   10.2.9.2.2 Smart beacons
                                   10.2.9.2.3 ePassport gates
                                   10.2.9.2.4 Drones/Unmanned aerial vehicle (UAV)
                                   10.2.9.2.5 Gateways
                                                TABLE 230 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY TYPE, 2017–2020 (USD MILLION)
                                                TABLE 231 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY TYPE, 2021–2027 (USD MILLION)
                                                TABLE 232 IOT TECHNOLOGY (ONLY NODE) MARKET FOR AEROSPACE & DEFENSE, BY TYPE, 2017–2020 (THOUSAND UNITS)
                                                TABLE 233 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY TYPE,  2017–2020 (THOUSAND UNITS)
                                                TABLE 234 IOT TECHNOLOGY (ONLY NODE) MARKET FOR AEROSPACE & DEFENSE, BY TYPE, 2021–2027 (THOUSAND UNITS)
                                                TABLE 235 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY TYPE, 2021–2027 (THOUSAND UNITS)
                                                TABLE 236 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY NODE COMPONENT, 2017–2020 (THOUSAND UNITS)
                                                TABLE 237 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY NODE COMPONENT, 2021–2027 (THOUSAND UNITS)
                                                TABLE 238 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                                                TABLE 239 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN NORTH AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
                                                TABLE 240 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN LATIN AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                                                TABLE 241 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN LATIN AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
                                                TABLE 242 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                                                TABLE 243 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN EUROPE, BY COUNTRY, 2021–2027 (USD MILLION)
                                                TABLE 244 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN APAC,  BY COUNTRY, 2017–2020 (USD MILLION)
                                                TABLE 245 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN APAC, BY COUNTRY, 2021–2027 (USD MILLION)
                                                TABLE 246 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN ROW, BY REGION, 2017–2020 (USD MILLION)
                                                TABLE 247 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN ROW, BY REGION, 2021–2027 (USD MILLION)
     10.3 CONSUMER
             10.3.1 WEARABLE DEVICES
                       10.3.1.1 Escalating demand for smart watches to catalyze wearable devices market growth
                                   FIGURE 47 WEARABLE TECHNOLOGY – KEY APPLICATIONS
                       10.3.1.2 Wearable devices application: Products covered
                                   10.3.1.2.1 Activity monitors
                                   10.3.1.2.2 Smart watches
                                   10.3.1.2.3 Smart glasses
                                   10.3.1.2.4 Body-worn cameras
                                   10.3.1.2.5 Panic/SOS buttons
                                   10.3.1.2.6 Smart locators
                                   10.3.1.2.7 Smart water purifiers
                                   10.3.1.2.8 Identity authenticators
                                   10.3.1.2.9 Thermal bracelets
                     10.3.1.2.10 Safe driving ingestible pills
                                   TABLE 248 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 249 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES, BY TYPE, 2021–2027 (USD MILLION)
                                   TABLE 250 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES, BY TYPE, 2017–2020 (MILLION UNITS)
                                   TABLE 251 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES, BY TYPE, 2021–2027 (MILLION UNITS)
                                   TABLE 252 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES, BY NODE COMPONENT, 2017–2020 (MILLION UNITS)
                                   TABLE 253 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES, BY NODE COMPONENT, 2021–2027 (MILLION UNITS)
                                   TABLE 254 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                                   TABLE 255 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN NORTH AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
                                   TABLE 256 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN LATIN AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                                   TABLE 257 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN LATIN AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
                                   TABLE 258 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                                   TABLE 259 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN EUROPE, BY COUNTRY, 2021–2027 (USD MILLION)
                                   TABLE 260 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
                                   TABLE 261 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN APAC, BY COUNTRY, 2021–2027 (USD MILLION)
                                   TABLE 262 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN ROW, BY REGION, 2017–2020 (USD MILLION)
                                   TABLE 263 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN ROW, BY REGION, 2021–2027 (USD MILLION)
             10.3.2 CONSUMER ELECTRONICS
                       10.3.2.1 Growing demand for smart televisions and smart washing machines to support growth of consumer electronics segment
                       10.3.2.2 Consumer electronics application: Products covered
                                   10.3.2.2.1 Smart lighting
                                   10.3.2.2.2 Smart TV
                                   10.3.2.2.3 Smart washing machine
                                   10.3.2.2.4 Smart dryer
                                   10.3.2.2.5 Smart refrigerator
                                   10.3.2.2.6 Smart oven
                                   10.3.2.2.7 Smart cooktop
                                   10.3.2.2.8 Smart cooker
                                   10.3.2.2.9 Smart deep freezer
                     10.3.2.2.10 Smart dishwasher
                     10.3.2.2.11 Smart coffee maker
                     10.3.2.2.12 Smart Kettle
                     10.3.2.2.13 Gateways
                                   TABLE 264 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 265 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS, BY TYPE, 2021–2027 (USD MILLION)
                                   TABLE 266 IOT TECHNOLOGY (ONLY NODE) MARKET FOR CONSUMER ELECTRONICS, BY TYPE, 2017–2020 (THOUSAND UNITS)
                                   TABLE 267 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS, BY TYPE, 2017–2020 (THOUSAND UNITS)
                                   TABLE 268 IOT TECHNOLOGY (ONLY NODE) MARKET FOR CONSUMER ELECTRONICS, BY TYPE, 2021–2027 (THOUSAND UNITS)
                                   TABLE 269 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS, BY TYPE, 2021–2027 (THOUSAND UNITS)
                                   TABLE 270 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS, BY NODE COMPONENT, 2017–2020 (MILLION UNITS)
                                   TABLE 271 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS, BY NODE COMPONENT, 2021–2027 (MILLION UNITS)
                                   TABLE 272 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                                   TABLE 273 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN NORTH AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
                                   TABLE 274 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN LATIN AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                                   TABLE 275 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN LATIN AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
                                   TABLE 276 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                                   TABLE 277 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN EUROPE, BY COUNTRY, 2021–2027 (USD MILLION)
                                   TABLE 278 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
                                   TABLE 279 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN APAC, BY COUNTRY, 2021–2027 (USD MILLION)
                                   TABLE 280 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN ROW, BY REGION, 2017–2020 (USD MILLION)
                                   TABLE 281 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN ROW, BY REGION, 2021–2027 (USD MILLION)

11 GEOGRAPHIC ANALYSIS (Page No. - 273)
     11.1 INTRODUCTION
               TABLE 282 IOT TECHNOLOGY MARKET, BY GEOGRAPHY, 2017–2020 (USD BILLION)
               TABLE 283 IOT TECHNOLOGY MARKET, BY GEOGRAPHY, 2021–2027 (USD BILLION)
               TABLE 284 IOT TECHNOLOGY MARKET, BY GEOGRAPHY, 2017–2020 (MILLION UNITS)
               TABLE 285 IOT TECHNOLOGY MARKET, BY GEOGRAPHY, 2021–2027 (MILLION UNITS)
     11.2 NORTH AMERICA
               FIGURE 48 SNAPSHOT: IOT TECHNOLOGY MARKET IN NORTH AMERICA
               TABLE 286 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 287 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
               TABLE 288 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY END-USE APPLICATION, 2017–2020 (USD MILLION)
               TABLE 289 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY END-USE APPLICATION, 2021–2027 (USD MILLION)
               TABLE 290 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY END-USE APPLICATION, 2017–2020 (MILLION UNITS)
               TABLE 291 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY END-USE APPLICATION, 2021–2027 (MILLION UNITS)
               TABLE 292 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY INDUSTRIAL APPLICATION, 2017–2020 (USD MILLION)
               TABLE 293 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY INDUSTRIAL APPLICATION, 2021–2027 (USD MILLION)
               TABLE 294 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY INDUSTRIAL APPLICATION, 2017–2020 (MILLION UNITS)
               TABLE 295 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY INDUSTRIAL APPLICATION, 2021–2027 (MILLION UNITS)
               TABLE 296 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY CONSUMER APPLICATION, 2017–2020 (USD MILLION)
               TABLE 297 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY CONSUMER APPLICATION, 2021–2027 (USD MILLION)
               TABLE 298 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY CONSUMER APPLICATION, 2017–2020 (MILLION UNITS)
               TABLE 299 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY CONSUMER APPLICATION, 2021–2027 (MILLION UNITS)
             11.2.1 IMPACT OF COVID-19 ON IOT TECHNOLOGY MARKET IN NORTH AMERICA
                       FIGURE 49 IOT TECHNOLOGY MARKET IN NORTH AMERICA: ANALYSIS OF PRE- AND POST-COVID-19 SCENARIOS
             11.2.2 US
                       11.2.2.1 Presence of leading IoT companies in US to continue to drive growth of IoT technology market
             11.2.3 CANADA
                       11.2.3.1 IoT adoption by small and medium enterprises to market growth in Canada
     11.3 LATIN AMERICA
               FIGURE 50 SNAPSHOT: IOT TECHNOLOGY MARKET IN LATIN AMERICA
               TABLE 300 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 301 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
               TABLE 302 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY END-USE APPLICATION, 2017–2020 (USD MILLION)
               TABLE 303 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY END-USE APPLICATION, 2021–2027 (USD MILLION)
               TABLE 304 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY END-USE APPLICATION, 2017–2020 (MILLION UNITS)
               TABLE 305 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY END-USE APPLICATION, 2021–2027 (MILLION UNITS)
               TABLE 306 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY INDUSTRIAL APPLICATION, 2017–2020 (USD MILLION)
               TABLE 307 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY INDUSTRIAL APPLICATION, 2021–2027 (USD MILLION)
               TABLE 308 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY INDUSTRIAL APPLICATION, 2017–2020 (MILLION UNITS)
               TABLE 309 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY INDUSTRIAL APPLICATION, 2021–2027 (MILLION UNITS)
               TABLE 310 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY CONSUMER APPLICATION, 2017–2020 (USD MILLION)
               TABLE 311 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY CONSUMER APPLICATION, 2021–2027 (USD MILLION)
               TABLE 312 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY CONSUMER APPLICATION, 2017–2020 (MILLION UNITS)
               TABLE 313 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY CONSUMER APPLICATION, 2021–2027 (MILLION UNITS)
             11.3.1 IMPACT OF COVID-19 ON IOT TECHNOLOGY MARKET IN LATIN AMERICA
                       FIGURE 51 IOT TECHNOLOGY MARKET IN LATIN AMERICA: ANALYSIS OF PRE- AND POST-COVID-19 SCENARIOS
             11.3.2 MEXICO
                       11.3.2.1 Growing penetration of IoT in telecommunications industry to propel market growth in Mexico
             11.3.3 BRAZIL
                       11.3.3.1 Government funding for IoT implementation is driving market growth in Brazil
             11.3.4 COLOMBIA
                       11.3.4.1 Reforms in manufacturing, construction, agriculture, and banking industries drives growth market in Colombia
             11.3.5 REST OF LATIN AMERICA
     11.4 EUROPE
               FIGURE 52 SNAPSHOT: IOT TECHNOLOGY MARKET IN EUROPE
               TABLE 314 IOT TECHNOLOGY MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 315 IOT TECHNOLOGY MARKET IN EUROPE, BY COUNTRY, 2021–2027 (USD MILLION)
               TABLE 316 IOT TECHNOLOGY MARKET IN EUROPE, BY END-USE APPLICATION, 2017–2020 (USD MILLION)
               TABLE 317 IOT TECHNOLOGY MARKET IN EUROPE, BY END-USE APPLICATION, 2021–2027 (USD MILLION)
               TABLE 318 IOT TECHNOLOGY MARKET IN EUROPE, BY END-USE APPLICATION, 2017–2020 (MILLION UNITS)
               TABLE 319 IOT TECHNOLOGY MARKET IN EUROPE, BY END-USE APPLICATION, 2021–2027 (MILLION UNITS)
               TABLE 320 IOT TECHNOLOGY MARKET IN EUROPE, BY INDUSTRIAL APPLICATION, 2017–2020 (USD MILLION)
               TABLE 321 IOT TECHNOLOGY MARKET IN EUROPE, BY INDUSTRIAL APPLICATION, 2021–2027 (USD MILLION)
               TABLE 322 IOT TECHNOLOGY MARKET IN EUROPE, BY INDUSTRIAL APPLICATION, 2017–2020 (MILLION UNITS)
               TABLE 323 IOT TECHNOLOGY MARKET IN EUROPE, BY INDUSTRIAL APPLICATION, 2021–2027 (MILLION UNITS)
               TABLE 324 IOT TECHNOLOGY MARKET IN EUROPE, BY CONSUMER APPLICATION, 2017–2020 (USD MILLION)
               TABLE 325 IOT TECHNOLOGY MARKET IN EUROPE, BY CONSUMER APPLICATION, 2021–2027 (USD MILLION)
               TABLE 326 IOT TECHNOLOGY MARKET IN EUROPE, BY CONSUMER APPLICATION, 2017–2020 (MILLION UNITS)
               TABLE 327 IOT TECHNOLOGY MARKET IN EUROPE, BY CONSUMER APPLICATION, 2021–2027 (MILLION UNITS)
             11.4.1 IMPACT OF COVID-19 ON IOT TECHNOLOGY MARKET IN EUROPE
                       FIGURE 53 IOT TECHNOLOGY MARKET IN EUROPE: ANALYSIS OF PRE- AND POST-COVID-19 SCENARIOS
             11.4.2 UK
                       11.4.2.1 Industrial revolution in UK is driving market growth
             11.4.3 GERMANY
                       11.4.3.1 Adoption of Industry 4.0 principles has created opportunity for market growth
             11.4.4 FRANCE
                       11.4.4.1 Increased investment in R&D to modernize industrial sector is fueling market growth
             11.4.5 REST OF EUROPE
     11.5 APAC
               FIGURE 54 SNAPSHOT: IOT TECHNOLOGY MARKET IN APAC
               TABLE 328 IOT TECHNOLOGY MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 329 IOT TECHNOLOGY MARKET IN APAC, BY COUNTRY, 2021–2027 (USD MILLION)
               TABLE 330 IOT TECHNOLOGY MARKET IN APAC, BY END-USE APPLICATION, 2017–2020 (USD MILLION)
               TABLE 331 IOT TECHNOLOGY MARKET IN APAC, BY END-USE APPLICATION, 2021–2027 (USD MILLION)
               TABLE 332 IOT TECHNOLOGY MARKET IN APAC, BY END-USE APPLICATION, 2017–2020 (MILLION UNITS)
               TABLE 333 IOT TECHNOLOGY MARKET IN APAC, BY END-USE APPLICATION, 2021–2027 (MILLION UNITS)
               TABLE 334 IOT TECHNOLOGY MARKET IN APAC, BY INDUSTRIAL APPLICATION, 2017–2020 (USD MILLION)
               TABLE 335 IOT TECHNOLOGY MARKET IN APAC, BY INDUSTRIAL APPLICATION, 2021–2027 (USD MILLION)
               TABLE 336 IOT TECHNOLOGY MARKET IN APAC, BY INDUSTRIAL APPLICATION, 2017–2020 (MILLION UNITS)
               TABLE 337 IOT TECHNOLOGY MARKET IN APAC, BY INDUSTRIAL APPLICATION, 2021–2027 (MILLION UNITS)
               TABLE 338 IOT TECHNOLOGY MARKET IN APAC, BY CONSUMER APPLICATION, 2017–2020 (USD MILLION)
               TABLE 339 IOT TECHNOLOGY MARKET IN APAC, BY CONSUMER APPLICATION,  2021–2027 (USD MILLION)
               TABLE 340 IOT TECHNOLOGY MARKET IN APAC, BY CONSUMER APPLICATION, 2017–2020 (MILLION UNITS)
               TABLE 341 IOT TECHNOLOGY MARKET IN APAC, BY CONSUMER APPLICATION, 2021–2027 (MILLION UNITS)
             11.5.1 IMPACT OF COVID-19 ON IOT TECHNOLOGY MARKET IN APAC
                       FIGURE 55 IOT TECHNOLOGY MARKET IN APAC: ANALYSIS OF PRE- AND POST-COVID-19 SCENARIOS
             11.5.2 CHINA
                       11.5.2.1 Government support for R&D of IoT-based solutions to favor market growth
             11.5.3 JAPAN
                       11.5.3.1 Large-scale adoption of IoT iny telecom industry to spur market growth in Japan
             11.5.4 SOUTH KOREA
                       11.5.4.1 5G deployment to catalyze market growth in South Korea
             11.5.5 REST OF APAC
     11.6 ROW
               FIGURE 56 SNAPSHOT: IOT TECHNOLOGY MARKET IN ROW
               TABLE 342 IOT TECHNOLOGY MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
               TABLE 343 IOT TECHNOLOGY MARKET IN ROW, BY REGION, 2021–2027 (USD MILLION)
               TABLE 344 IOT TECHNOLOGY MARKET IN ROW, BY END-USE APPLICATION, 2017–2020 (USD MILLION)
               TABLE 345 IOT TECHNOLOGY MARKET IN ROW, BY END-USE APPLICATION, 2021–2027 (USD MILLION)
               TABLE 346 IOT TECHNOLOGY MARKET IN ROW, BY END-USE APPLICATION, 2017–2020 (MILLION UNITS)
               TABLE 347 IOT TECHNOLOGY MARKET IN ROW, BY END-USE APPLICATION, 2021–2027 (MILLION UNITS)
               TABLE 348 IOT TECHNOLOGY MARKET IN ROW, BY INDUSTRIAL APPLICATION, 2017–2020 (USD MILLION)
               TABLE 349 IOT TECHNOLOGY MARKET IN ROW, BY INDUSTRIAL APPLICATION, 2021–2027 (USD MILLION)
               TABLE 350 IOT TECHNOLOGY MARKET IN ROW, BY INDUSTRIAL APPLICATION,  2017–2020 (MILLION UNITS)
               TABLE 351 IOT TECHNOLOGY MARKET IN ROW, BY INDUSTRIAL APPLICATION, 2021–2027 (MILLION UNITS)
               TABLE 352 IOT TECHNOLOGY MARKET IN ROW, BY CONSUMER APPLICATION,  2017–2020 (USD MILLION)
               TABLE 353 IOT TECHNOLOGY MARKET IN ROW, BY CONSUMER APPLICATION, 2021–2027 (USD MILLION)
               TABLE 354 IOT TECHNOLOGY MARKET IN ROW, BY CONSUMER APPLICATION, 2017–2020 (MILLION UNITS)
               TABLE 355 IOT TECHNOLOGY MARKET IN ROW, BY CONSUMER APPLICATION, 2021–2027 (MILLION UNITS)
             11.6.1 IMPACT OF COVID-19 ON IOT TECHNOLOGY MARKET IN ROW
                       FIGURE 57 IOT TECHNOLOGY MARKET IN ROW: ANALYSIS OF PRE- AND POST-COVID-19 SCENARIOS
             11.6.2 MIDDLE EAST
                       11.6.2.1 The automotive and transportation and manufacturing industries are expected to see significant adoption of IoT-enabled devices as the businesses in this region
             11.6.3 AFRICA
                       11.6.3.1 The significant growth in mobile communication and increasing internet penetration in Africa are factors driving the market

12 COMPETITIVE LANDSCAPE (Page No. - 314)
     12.1 INTRODUCTION
     12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
             12.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN IOT TECHNOLOGY MARKET
     12.3 REVENUE ANALYSIS OF TOP PLAYERS
               FIGURE 58 5-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN IOT TECHNOLOGY MARKET, 2016–2020
     12.4 MARKET SHARE ANALYSIS OF KEY PLAYERS IN 2020
               FIGURE 59 MARKET SHARE ANALYSIS OF KEY PLAYERS IN IOT NODE HARDWARE MARKET IN 2020
               TABLE 356 IOT NODE HARDWARE MARKET: DEGREE OF COMPETITION
               TABLE 357 IOT NODE HARDWARE MARKET: RANKING ANALYSIS
     12.5 COMPANY EVALUATION QUADRANT, 2020
             12.5.1 STAR
             12.5.2 EMERGING LEADER
             12.5.3 PERVASIVE
             12.5.4 PARTICIPANT
                       FIGURE 60 IOT TECHNOLOGY MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2020
     12.6 COMPETITIVE BENCHMARKING
             12.6.1 COMPANY FOOTPRINT, BY END-USE APPLICATION
             12.6.2 COMPANY FOOTPRINT, BY REGION
             12.6.3 COMPANY FOOTPRINT
     12.7 STARTUP/SME EVALUATION QUADRANT, 2020
             12.7.1 PROGRESSIVE COMPANY
             12.7.2 RESPONSIVE COMPANY
             12.7.3 DYNAMIC COMPANY
             12.7.4 STARTING BLOCK
                       FIGURE 61 IOT TECHNOLOGY MARKET (GLOBAL) STARTUP/SME EVALUATION QUADRANT, 2020
     12.8 COMPETITIVE SITUATIONS AND TRENDS
             12.8.1 PRODUCT LAUNCHES/DEVELOPMENTS
                       TABLE 358 PRODUCT LAUNCHES/DEVELOPMENTS, 2019–2021
             12.8.2 DEALS
                       TABLE 359 DEALS, 2019–2021

13 COMPANY PROFILES (Page No. - 332)
     13.1 INTRODUCTION
     13.2 IMPACT OF COVID-19 ON PLAYERS OF INTERNET OF THINGS TECHNOLOGY MARKET
(Business Overview, Products/solutions/services offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
     13.3 KEY PLAYERS
             13.3.1 INTEL CORPORATION
                       TABLE 360 INTEL CORPORATION: BUSINESS OVERVIEW
                       FIGURE 62 INTEL CORPORATION: COMPANY SNAPSHOT
                       TABLE 361 INTEL CORPORATION: PRODUCT LAUNCHES
                       TABLE 362 INTEL CORPORATION: DEALS
             13.3.2 QUALCOMM TECHNOLOGIES
                       TABLE 363 QUALCOMM TECHNOLOGIES: BUSINESS OVERVIEW
                       FIGURE 63 QUALCOMM TECHNOLOGIES: COMPANY SNAPSHOT
                       TABLE 364 QUALCOMM TECHNOLOGIES: PRODUCT LAUNCHES
                       TABLE 365 QUALCOMM TECHNOLOGIES: DEALS
             13.3.3 TEXAS INSTRUMENTS INCORPORATED
                       TABLE 366 TEXAS INSTRUMENTS INCORPORATED: BUSINESS OVERVIEW
                       FIGURE 64 TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT
                       TABLE 367 TEXAS INSTRUMENTS INCORPORATED: PRODUCT LAUNCHES
             13.3.4 STMICROELECTRONICS
                       TABLE 368 STMICROELECTRONICS: BUSINESS OVERVIEW
                       FIGURE 65 STMICROELECTRONICS: COMPANY SNAPSHOT
                       TABLE 369 STMICROELECTRONICS: PRODUCT LAUNCHES & DEVELOPMENTS
                       TABLE 370 STMICROELECTRONICS: DEALS
             13.3.5 IBM
                       TABLE 371 IBM: BUSINESS OVERVIEW
                       FIGURE 66 IBM: COMPANY SNAPSHOT
                       TABLE 372 IBM: PRODUCT LAUNCHES & DEVELOPMENTS
                       TABLE 373 IBM: DEALS
             13.3.6 HEWLETT PACKARD ENTERPRISE (HPE)
                       TABLE 374 HEWLETT PACKARD ENTERPRISE: BUSINESS OVERVIEW
                       FIGURE 67 HEWLETT PACKARD ENTERPRISE: COMPANY SNAPSHOT
                       TABLE 375 HEWLETT PACKARD ENTERPRISE: DEALS
             13.3.7 CISCO SYSTEMS
                       TABLE 376 CISCO SYSTEMS: BUSINESS OVERVIEW
                       FIGURE 68 CISCO SYSTEMS: COMPANY SNAPSHOT
                       TABLE 377 CISCO SYSTEMS: PRODUCT LAUNCHES
                       TABLE 378 CISCO SYSTEMS: DEALS
             13.3.8 MICROSOFT CORPORATION
                       TABLE 379 MICROSOFT CORPORATION: BUSINESS OVERVIEW
                       FIGURE 69 MICROSOFT CORPORATION: COMPANY SNAPSHOT
                       TABLE 380 MICROSOFT CORPORATION: DEALS
             13.3.9 PTC
                       TABLE 381 PTC: BUSINESS OVERVIEW
                       FIGURE 70 PTC: COMPANY SNAPSHOT
                       TABLE 382 PTC: PRODUCT LAUNCHES & DEVELOPMENTS
                       TABLE 383 PTC: DEALS
             13.3.10 AMAZON WEB SERVICES (AWS)
                       TABLE 384 AMAZON WEB SERVICES: BUSINESS OVERVIEW
                       TABLE 385 AMAZON WEB SERVICES: PRODUCT LAUNCHES & PRODUCT DEVELOPMENTS
                       TABLE 386 AMAZON WEB SERVICES: DEALS
     13.4 OTHER PLAYERS
             13.4.1 GENERAL ELECTRIC (GE)
             13.4.2 SOFTEQ DEVELOPMENT CORPORATION
             13.4.3 SCIENCESOFT
             13.4.4 ORACLE CORPORATION
             13.4.5 SIEMENS
             13.4.6 SAP
             13.4.7 BOSCH
             13.4.8 HUAWEI TECHNOLOGIES CO., LTD.
             13.4.9 SCHNEIDER ELECTRIC
             13.4.10 ARM LIMITED
             13.4.11 NXP SEMICONDUCTORS N.V.
             13.4.12 TE CONNECTIVITY LTD.
             13.4.13 SOFTWARE AG
             13.4.14 MICROCHIP TECHNOLOGY INC.
             13.4.15 VATES

*Details on Business Overview, Products/solutions/services offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

14 APPENDIX (Page No. - 400)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved four major activities in estimating the size of the IoT technology market. Exhaustive secondary research was done to collect information on the market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market’s size. After that, market breakdown and data triangulation were used to determine the market sizes of segments and sub-segments.

Secondary Research

The secondary sources referred to for this research study include organizations such as Internet of Things Consortium, Consumer Technology Association (CTA), Information Technology Industry Council (ITI), Alberta IoT, Illinois Technology Association (ITA), IoT World, and so on; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, and business. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by primary research.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the IoT technology market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (aerospace, healthcare. Manufacturing, oil & gas, construction, and others) and supply-side (OEM, system integrators, software providers, solution providers) players across four major regions, namely, North America, Europe, APAC, and Rest of the World (South America, Africa, Middle East). Approximately 75% and 25% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

IoT Technology Market  Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the IoT technology market. These methods were also extensively used to estimate the sizes of various market sub-segments. The research methodology used to estimate the market sizes includes the following:

  • The key players in the market were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research.

All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size.

Global IoT technology market Size: Bottom-Up Approach

IoT Technology Market  Size, and Share

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives:

  • To define and forecast the IoT technology market size, by node component, software solution, platform, service, and end-use application, in terms of value
  • To describe and forecast the Internet of Things technology market size in 4 key regions, namely North America, Latin America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), along with their respective country-level market
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of the Internet of Things technology market
  • To provide a detailed impact of COVID-19 on the Internet of Things technology market
  • To provide the impact of COVID-19 on the market segments and the players operating in the Internet of Things technology market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the Internet of Things technology ecosystem
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies2, and provide details of the competitive landscape
  • To analyze strategic approaches such as product launches & developments, investments, collaborations, acquisitions, agreements, and partnerships in the Internet of Things technology market

Available Customizations:

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

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the IoT Technology Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the IoT Technology Market

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