IoT Infrastructure Market, By Technology (Sensor, RFID, Connectivity technology, Others), By platform (Network management, Device management, Application management, Others), By component (Hardware, Software, Services), By Application (Utilities, Healthcare, Smart Transportation, Smart buildings, Smart homes, Others), By Region – Global Analysis Forecast Till 2030

The Global IoT Infrastructure Market Share to Demonstrate Enormous Rise Over Estimated Forecast Timeline 2030

The Global IoT Infrastructure Report provides a comprehensive assessment and actionable insights into the market over the forecast period (2022-2030). Technological innovations and upgrades in the telecommunications and IT sectors are introducing a diverse horizon of players in the market. The report covers various segments, analyzing emerging market trends and factors that positively influence market growth.

Factors considered to play an essential role in the market are market dynamics such as changing trends in consumer demand, digital transformation for digital content, regulatory changes, etc. In addition, ICT markets help drive unstoppable emerging market drivers, constraints, opportunities, and challenges. This has helped to evaluate and explain the impact of these factors on the market as a whole. Drivers and constraints are considered internal factors, whereas opportunities and challenges are external to the market.

Market Dynamics:

Drivers:

The Internet of Things has altered how machines communicate with people and other machines. The sensors that form the building blocks of the IoT generate enormous amounts of data every minute of every day. Various organizations and government agencies are using big data analytics and other smart technologies, which are expected to power the communications infrastructure that will be used for lighting, parking, traffic, and waste management. civic participation; safety and security. Apart from this, favourable initiatives from governments related to smart city projects across the globe are expected to propel the growth of the global IoT infrastructure market.

Governments around the world are making favorable policies and investing heavily in smart city projects. For example, in June 2015, the Government of India launched the '100 Smart Cities Mission' with a budget of USD 6.9 billion. Additionally, increasing adoption of the Internet of Things (IoT) in the supply chain, manufacturing, and retail industries is expected to drive the growth of this market by optimizing workflows, improving asset allocation and utilization, and reducing operational costs.

Restraints:

Concerns about the security and privacy of data are major factors expected to restrain the growth of the market. Additionally, cyber-attacks and data theft can also pose a threat to the market.

Key players:

• CISCO Systems, INC.,

• Amazon Web Services Inc.,

• Accenture PLC,

• IBM Corporation,

• Microsoft Corporation,

• SAP SE,

• Oracle Corporation,

• Intel Corporation,

• PTC Inc.,

• and AT&T Inc.

Market Segmentation:

IoT Infrastructure Market, By technology

• • Sensor

  • RFID

  • Connectivity technology

  • Others

IoT Infrastructure Market, By platform

• • Network management

  • Device management

  • Application management

  • Others

IoT Infrastructure Market, By component

• • Hardware

  • Software

    • IT security software

    • Data management software

    • Communication and collaboration software

    • Software analytics

    • Remote monitoring

    • Bandwidth management

    • Others

  • Services

    • Professional Services

    • Managed Services

IoT Infrastructure Market, By application

• • Utilities

  • Healthcare

  • Smart Transportation

  • Smart buildings

  • Smart homes

  • Others

IoT Infrastructure Market, By region

• • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East and Africa

Regional Analysis:

In 2018, North America accounted for the largest share of the IoT infrastructure market and is expected to maintain its dominant position in the market throughout the forecast period. Countries like the United States have already implemented smart solutions in their cities. For example, a street traffic control system was adopted in Atlanta in 2017. This street traffic control system uses data from multiple sources and AI elements and uses the data generated by these systems for automatic traffic lights for drivers and pedestrians, automated green lanes for emergency vehicles, and pedestrian alerts.

The adoption of systems such as smart street lighting, smart waste management, and smart traffic control for utilities, transportation, and services is driving the IoT infrastructure market.

The predicted period anticipates Asia Pacific’s strongest growth (2022-2030). Growing demand for connected infrastructure in emerging economies such as India and China drives market growth in the Asia Pacific region.

Scope of the Report:

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