Connected IoT Devices Market 4

Connected IoT Devices Market Research Report - Global
Forecast to 2023
Market Research Future published a research report on “Connected IoT Devices Market Research
Report - Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast
to 2023.
Market Overview
Connected IoT devices refer to a linkage of devices, electronics, sensors, actuators, and others which
enable objects to connect and exchange data. The global IoT connected devices market is expected
to expand at a noteworthy CAGR of 19% over the forecast period of 2017-2023, projects Market
Research Future (MRFR) in a detailed study.
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IoT is a set of technologies and applications which focus on aggregation and use of information from
several devices. The growth of the global Connected iot Devices Market is driven by a rise in the use
of connected devices, both on ten consumer side as well as on the enterprise side. Increasing
adoption of IoT across various industry verticals including healthcare, power and transport,
manufacturing, production & logistics, and others. Rising initiatives across multiple countries
towards building smart homes, smart buildings and smart cities equipped with state-of-the-art
communication capabilities and seamless connectivity presents lucrative growth opportunities to
the global connected IoT devices market. Government initiatives in various developing and
developed countries towards digitalization can be cited as a major driver for the growth of the global
connected IoT device market. The Covid-19 Impact on Connected Iot Devices Market is still in its
embryonic stage and has attracted massive investment from industry giants for the development of
component, solutions, products or services with broad capabilities which resonates strong growth in
the global connected IoT devices market. Furthermore, the growing trend of bring your own device
(BYOD), the proliferation of intelligent connected devices and the adoption of cloud computing are
other factors stimulating the growth of ten global connected IoT devices market. Despite having a
significant opportunity to gain mass adoption, interoperability and interconnectivity issues, and
security concerns remain significant hurdles to the growth of the global connected IoT devices
market.

Key Players:
Some of the prominent players in the global connected IoT devices market are Advantech Co., Ltd.
(Taiwan), Aeris Communication, Inc. (U.S.), Amplia Soluciones (Spain), Cumulocity GmbH (Germany),
IBM Corporation (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), PTC Incorporation
(U.S.), Smith Micro Software, Inc. (U.S.), Telit Communications PLC (Italy), Wind River Systems (U.S.),
Xively (U.S.), Samsung Electronics Co. Ltd. (South Korea), Motorola Inc. (U.S.), Nokia Solutions
Network (Finland), LG Corporation (South Korea), Hewlett-Packard (U.S.), HTC Corporation (Taiwan),
Apple Inc. (U.S.), Dell Inc. (U.S.) and others.
Segments:
The global connected IoT devices market has been segmented based on component, deployment,
and application.
By component, the global connected IoT devices market has been segmented into solution and
services.
The solution segment has been further segmented into data management, remote monitoring, and
real-time streaming analytics, security solutions, and network bandwidth management. The security
solutions segment is expected to be the largest segment over the forecast period. The growth of this
segment can be attributed to increasing concerns relating to security.
The service segment has been further segmented into professional services and managed services.
The professional service sub-segment has been segmented into consulting services, integration
services, and support and maintenance.
By deployment, the global connected IoT devices market has been segmented into private cloud,
public cloud, and hybrid cloud.
By application, the global connected IoT connected devices market has been segmented into smart
homes, smart utilities, smart manufacturing, smart retail, connected health, connected logistics, and
others.
Regional Analysis:
North America, Asia Pacific, Europe, and Rest of the World are the key markets for connected IoT
device. North America dominates the connected IoT devices market, led by the US and Canada. The
proliferation of intelligent connected devices coupled with rising technological advancements fosters
the growth of North America connected IoT devices market. The region has a tendency to swiftly
adopt new and advanced technologies which are plus for the North America market. Also, the
presence of major players in the region and presence of well-established infrastructure facilitates
faster implementation of advanced technologies which creates a supportive environment for the
growth of the market.

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TABLE OF CONTENTS
LIST OF TABLES
Table 1 Global Connected IoT Devices Market: By Region, 2019-2026
Table 2 North America Connected IoT Devices Market: By Country, 2019-2026
Table 3 Europe Connected IoT Devices Market: By Country, 2019-2026
Table 4 Asia-Pacific Connected IoT Devices Market: By Country, 2019-2026
Table 5 Middle East & Africa Connected IoT Devices Market: By Country, 2019-2026
Table 6 Latin America Connected IoT Devices Market: By Country, 2019-2026
Table 7 Global Connected IoT Devices By Type Market: By Regions, 2019-2026
Table 8 North America Connected IoT Devices By Type Market: By Country, 2019-2026
Table 9 Europe Connected IoT Devices By Type Market: By Country, 2019-2026
Table10 Asia-Pacific Connected IoT Devices By Type Market: By Country, 2019-2026
Table11 Middle East & Africa Connected IoT Devices By Type Market: By Country, 2019-2026
Table12 Latin America Connected IoT Devices By Type Market: By Country, 2019-2026
Table13 Global Connected IoT Devices By Application Market: By Regions, 2019-2026
Table14 North America Connected IoT Devices By Application Market: By Country, 2019-2026
Table15 Europe Connected IoT Devices By Application Market: By Country, 2019-2026
Continued…

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