The
global Enterprise
Iot Market size is expected to reach USD 1416.8 billion by
2030 and is projected to expand at a compound annual growth rate (CAGR) of
13.5% from 2022 to 2030, based on a new report by Grand View Research, Inc. The
growing adoption of cloud-based platforms and rising demand for digitalization
are fueling the growth of the market. Additionally, enterprise IoT is a new era
of global transformation driven by advancements in technology, growing economic
opportunities, and increasing demand for operational efficiency. These factors
are expected to boost the market growth exponentially.
Furthermore,
by enhancing the quality of life, embracing digitalization, and boosting internet
of things (IoT) efficiency, the smart city initiative meets the needs of
the next generation and inspires businesses to adopt IoT. The market is
expanding as small businesses adopt the IoT at a faster rate while the cost of
the connected devices falls. Additionally, the rise in trends toward shared
security offers numerous opportunities for the global market, thereby
propelling the global market.
Moreover,
the enterprise IoT is anticipated to positively impact a wide range of
businesses, stakeholders, favorable government regulations, and business models
to promote adoption across industries worldwide. For instance, in March 2022,
Intel Corporation introduced the 12th generation intel core processors to get
extreme business performance. The company has introduced this in industrial IoT
to increase the business class experience. As a result, it is anticipated to
fuel the overall growth of the global IoT enterprise market.
The
COVID-19 pandemic has adversely affected the market growth. Lockdowns have been
implemented worldwide, which has impacted product development, and
manufacturing and has disrupted the supply chain. However, the COVID-19
pandemic opened up new growth opportunities for the market, as the global
health crisis increased the demand for solutions that can aid patients to
obtain care remotely. In addition, businesses and industries have also initiated
investment in technological reforms such as automation, IoT, and AI among others which is expected to
catalyze market growth.
Related Press
Release@ Enterprise
IoT Market Report
Enterprise IoT Market Report Highlights
- The
manufacturing segment accounted for over 60% of the total revenue share in
2021 owing to the emergence of industry 4.0
- The small
and medium-sized enterprise segment accounted for the largest market share
in 2021. This growth can be attributed to rising government initiatives
across major nations in the world for SMEs in enterprise IoT
- The software
& solutions segment is anticipated to grow at a CAGR of 15.6% during
the forecast period owing to its usage in provisioning, firmware upgrades,
reporting, security patching, and notifying on certain metrics associated
with enterprise IoT
- North
America market accounted for the highest market share in 2021. This growth
is due to the presence of significant technology providers such as Cisco,
Amazon.com, Inc
Enterprise IoT Market Report Scope
|
Report Attribute |
Details |
|
Market size value in 2022 |
USD 516.09 billion |
|
Revenue forecast in 2030 |
USD 1,416.8 billion |
|
Growth rate |
CAGR of 13.5% from 2022 to 2030 |
|
Base year for estimation |
2021 |
|
Historical data |
2018 - 2020 |
|
Forecast period |
2022 - 2030 |
Related Reports@
Enterprise Data Management Market
Enterprise IoT Market Segmentation
Grand
View Research has segmented the enterprise IoT market based on component,
enterprise type, end-use, and region:
Enterprise IoT Component Outlook (Revenue, USD Billion,
2018 - 2030)
- Hardware
- Software
& Solutions
- Surveillance
& Security
- Network
& Connectivity Management
- Data
Management
- Application
Management
- Device
Management
- Services
Enterprise IoT Enterprise Type Outlook (Revenue, USD
Billion, 2018 - 2030)
- Small &
Medium Sized Enterprise
- Large
Enterprise
Enterprise IoT End-use Outlook (Revenue, USD Billion,
2018 - 2030)
- Manufacturing
- Oil &
Gas
- Utilities
- Transport
- BFSI
- IT &
Telecomm
- Healthcare
- Others
Enterprise IoT Regional Outlook (Revenue, USD Billion,
2018 - 2030)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Rest of
Europe
- Asia Pacific
- China
- Japan
- India
- Rest of
Asia
- Latin
America
- Brazil
- Rest of
Latin America
- Middle East
& Africa
List of Key Players of the Enterprise IoT Market
- Amazon.com,
Inc.
- Cisco
Systems, Inc.
- IBM
Corporation
- Intel
Corporation
- Microsoft Corporation
- Oracle
Corporation
- SAP SE
- Siemens AG
- PTC Inc.
- Robert
Bosch, Inc.
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-95196
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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