IoT Technology Market with COVID-19 Impact Analysis - Global Forecast to 2027

Table of Content

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"1    INTRODUCTION    53
1.1    STUDY OBJECTIVES    53
1.2    DEFINITION AND SCOPE    53
1.2.1    INCLUSIONS AND EXCLUSIONS    54
1.3    STUDY SCOPE    55
1.3.1    MARKET COVERED    55
1.3.2    GEOGRAPHIC SCOPE    56
1.3.3    YEARS CONSIDERED    56
1.4    CURRENCY    56
1.5    PACKAGE SIZE    57
1.6    LIMITATIONS    57
1.7    MARKET STAKEHOLDERS    57
1.8    SUMMARY OF CHANGES    58
2    RESEARCH METHODOLOGY    59
2.1    RESEARCH DATA    59
FIGURE 1    RESEARCH DESIGN    59
2.1.1    SECONDARY AND PRIMARY RESEARCH    60
2.1.2    SECONDARY DATA    61
2.1.2.1    Secondary sources    61
2.1.2.2    List of key secondary sources    61
2.1.3    PRIMARY DATA    62
2.1.3.1    Primary sources    62
2.1.3.2    Key industry insights    63
2.1.3.3    Primary interviews with experts    63
2.1.3.4    Breakdown of primaries    64
2.2    MARKET SIZE ESTIMATION    64
FIGURE 2    MARKET SIZE ESTIMATION METHODOLOGY—APPROACH (DEMAND SIZE): BOTTOM-UP APPROACH FOR ESTIMATION OF SIZE OF IOT TECHNOLOGY MARKET    64
2.2.1    BOTTOM-UP APPROACH    65
2.2.1.1    Estimating market size using bottom-up analysis (demand side)    65
FIGURE 3    MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH    66
2.2.2    TOP-DOWN APPROACH    66
2.2.2.1    Estimating market size using top-down approach (supply side)    66
FIGURE 4    MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH    67
2.3    DATA TRIANGULATION    67
FIGURE 5    DATA TRIANGULATION    67
2.4    RESEARCH ASSUMPTIONS    68
2.5    RISK ASSESSMENT    69
TABLE 1    LIMITATIONS & ASSOCIATED RISKS    69
3    EXECUTIVE SUMMARY    70
FIGURE 6    IOT TECHNOLOGY MARKET: OPTIMISTIC, REALISTIC, AND PESSIMISTIC SCENARIO ANALYSIS, 2017–2027    71
3.1    IOT TECHNOLOGY MARKET: REALISTIC SCENARIO (POST-COVID-19)    71
3.2    IOT TECHNOLOGY MARKET: OPTIMISTIC SCENARIO (POST-COVID-19)    71
3.3    IOT TECHNOLOGY MARKET: PESSIMISTIC SCENARIO (POST-COVID-19)    72
FIGURE 7    CONNECTIVITY IC SEGMENT TO HOLD LARGEST SIZE OF IOT TECHNOLOGY MARKET FROM 2021 TO 2027    72
FIGURE 8    DATA MANAGEMENT SEGMENT TO HOLD LARGEST SIZE OF IOT TECHNOLOGY MARKET FROM 2021 TO 2027    73
FIGURE 9    CONSUMER APPLICATION SEGMENT TO HOLD LARGER SIZE OF IOT TECHNOLOGY MARKET FROM 2021 TO 2027    74
FIGURE 10    NORTH AMERICA HELD LARGEST SHARE OF IOT TECHNOLOGY MARKET IN 2020    75
4    PREMIUM INSIGHTS    76
4.1    KEY OPPORTUNITIES IN IOT TECHNOLOGY MARKET    76
FIGURE 11    IOT TECHNOLOGY MARKET TO REGISTER HIGHEST CAGR IN APAC
FROM 2021 TO 2027    76
4.2    IOT TECHNOLOGY MARKET, BY NODE COMPONENT    76
FIGURE 12    LOGIC DEVICE SEGMENT TO REGISTER HIGHEST CAGR IN IOT TECHNOLOGY MARKET FROM 2021 TO 2027    76
4.3    IOT TECHNOLOGY MARKET, BY END-USE APPLICATION    77
FIGURE 13    CONSUMER SEGMENT TO HOLD LARGER SIZE OF IOT TECHNOLOGY MARKET FROM 2021 TO 2027    77
4.4    IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY COUNTRY AND END-USE APPLICATION    77
FIGURE 14    BUILDING AUTOMATION SEGMENT AND US HELD LARGEST SHARES OF IOT TECHNOLOGY MARKET IN NORTH AMERICA IN 2020    77
4.5    IOT TECHNOLOGY MARKET, BY COUNTRY    78
FIGURE 15    IOT TECHNOLOGY MARKET TO REGISTER HIGHEST CAGR IN CHINA DURING FORECAST PERIOD    78
5    MARKET OVERVIEW    79
5.1    INTRODUCTION    79
5.2    MARKET DYNAMICS    80
FIGURE 16    DRIVERS, RESTRAINTS, OPPORTUNITIES, CHALLENGES    80
5.2.1    DRIVERS    80
5.2.1.1    Emergence of 5G communications technology    80
FIGURE 17    INTERNET USERS TILL SEPTEMBER 30, 2020, BY REGION    81
FIGURE 18    INTERNET PENETRATION RATE TILL SEPTEMBER 30, 2020, BY REGION    81
5.2.1.2    Increasing necessity of data centers due to rising adoption of cloud platforms    82
5.2.1.3    Growing use of wireless smart sensors and networks    82
5.2.1.4    Increased IP address space and better security solutions made available through IPv6    83
FIGURE 19    CONNECTION OF DIFFERENT NODES TO CLOUD VIA IPV6    83
FIGURE 20    IMPACT ANALYSIS OF DRIVERS ON IOT TECHNOLOGY MARKET    84
5.2.2    RESTRAINTS    84
5.2.2.1    Unsettled concerns regarding security and privacy of user data    84
FIGURE 21    IMPACT ANALYSIS OF RESTRAINTS ON IOT TECHNOLOGY MARKET    85
5.2.3    OPPORTUNITIES    85
5.2.3.1    Cross-domain collaborations    85
FIGURE 22    CROSS-DOMAIN COLLABORATIONS BY USING IOT    85
5.2.3.2    Government support for research and development of IoT technologies    86
5.2.3.3    Accelerated IoT adoption in healthcare post COVID-19 outbreak    86
FIGURE 23    IMPORTANT SERVICES OFFERED BY IOT IN HEALTHCARE    87
FIGURE 24    IMPACT ANALYSIS OF OPPORTUNITIES ON IOT TECHNOLOGY MARKET    88
5.2.4    CHALLENGES    88
5.2.4.1    Interoperability and lack of common standards    88
5.2.4.2    High power consumption by wireless sensor terminals/connected devices    88
5.2.4.3    Delay in deployment of IoT projects due to lack of IoT-related skills and connectivity issues    89
FIGURE 25    IMPACT ANALYSIS OF CHALLENGES ON IOT TECHNOLOGY MARKET    89
5.3    VALUE CHAIN ANALYSIS    90
FIGURE 26    VALUE CHAIN: IOT TECHNOLOGY MARKET    90
5.4    TECHNOLOGY ANALYSIS    92
5.4.1    ARTIFICIAL INTELLIGENCE (AI)    92
5.4.2    MACHINE LEARNING    92
5.4.3    DIGITAL TWIN    92
5.4.4    EDGE COMPUTING    92
5.4.5    WI-FI    93
5.4.6    CLOUD COMPUTING    93
5.4.7    BIG DATA ANALYTICS    93
5.5    PATENT ANALYSIS    94
TABLE 2    PATENTS IN IOT TECHNOLOGY MARKET    94
5.6    PORTER’S FIVE FORCES ANALYSIS    96
FIGURE 27    PORTER’S FIVE FORCES ANALYSIS, 2020    96
TABLE 3    IOT TECHNOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS    96
5.6.1    INTENSITY OF COMPETITIVE RIVALRY    97
5.6.2    THREAT OF SUBSTITUTES    97
5.6.3    BARGAINING POWER OF BUYERS    97
5.6.4    BARGAINING POWER OF SUPPLIERS    97
5.6.5    THREAT OF NEW ENTRANTS    98
5.7    ECOSYSTEM ANALYSIS    98
5.8    TRENDS AND DISRUPTIONS IMPACTING BUSINESSES OF CUSTOMERS    99
5.9    CASE STUDY ANALYSIS    100
5.9.1    CASE STUDY 1: ATOS    100
TABLE 4    ATOS’ END-TO-END SOLUTION HELPED CCHBC IMPROVE CONSUMER RETAIL EXPERIENCE    100
5.9.2    CASE STUDY 2: HCL TECHNOLOGIES    101
TABLE 5    HCL TECHNOLOGIES HELPED PHARMA COMPANY ENHANCE PATIENT CARE WITH ITS IOT SOLUTION    101
5.9.3    CASE STUDY 3: AMAZON WEB SERVICES (AWS)    101
TABLE 6    AWS HELPED LG MAINTAIN CONTINUOUS CONNECTIVITY BETWEEN THINQ DEVICES AND ITS IOT PLATFORM    101
5.9.4    CASE STUDY 4: BOSCH    102
TABLE 7    WITH BOSCH’S IOT SOLUTION, HOLMER IMPROVED MACHINERY MANAGEMENT    102
5.10    AVERAGE SELLING PRICE TREND    102
FIGURE 28    AVERAGE SELLING PRICE OF IOT SENSORS, 2017–2019    103
5.11    TRADE ANALYSIS    104
5.11.1    TRADE ANALYSIS FOR HVAC    104
TABLE 8    WINDOW/WALL, SELF-CONTAINED, OR SPLIT-SYSTEM AIR-CONDITIONING MACHINE IMPORTS, BY COUNTRY, 2015–2019 (USD MILLION)    104
TABLE 9    WINDOW/WALL, SELF-CONTAINED, OR SPLIT-SYSTEM AIR-CONDITIONING MACHINE EXPORTS, BY COUNTRY, 2015–2019 (USD MILLION)    105
5.11.2    TRADE ANALYSIS FOR VIDEO SURVEILLANCE    105
TABLE 10    TELEVISION CAMERA, DIGITAL CAMERA, AND VIDEO CAMERA RECORDER EXPORTS, BY COUNTRY, 2015–2019 (USD MILLION)    106
TABLE 11    TELEVISION CAMERA, DIGITAL CAMERA, AND VIDEO CAMERA RECORDER IMPORTS, BY COUNTRY, 2015–2019 (USD MILLION)    106
5.11.3    TRADE ANALYSIS FOR FIRE PROTECTION SYSTEMS    107
TABLE 12    FIRE EXTINGUISHER EXPORTS, BY COUNTRY, 2015–2019 (USD MILLION)    107
TABLE 13    FIRE EXTINGUISHER IMPORTS, BY COUNTRY, 2015–2019 (USD MILLION)    108
5.12    REGULATORY LANDSCAPE    108
5.12.1    GENERAL DATA PROTECTION REGULATION    108
5.12.2    CALIFORNIA CONSUMER PRIVACY ACT    109
5.12.3    SERVICE ORGANIZATION CONTROL 2    109
5.12.4    HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT    109
5.12.5    COMMUNICATIONS DECENCY ACT    109
5.12.6    ANTI-CYBERSQUATTING CONSUMER PROTECTION ACT    109
5.12.7    CEN/ISO    110
5.12.8    ISO/IEC JTC 1    110
5.12.8.1    I SO/I EC J T C 1 /SWG 5    110
5.12.8.2    ISO/I EC J T C 1 /SC 3 1    110
5.12.8.3    ISO/I EC J T C 1 /SC 2 7    110
5.12.8.4    ISO/I EC J T C 1 /WG 7 S e n s o r s    110
5.12.9    ETSI    110
5.12.10    IEEE    111
6    INTERNET OF THINGS TECHNOLOGY MARKET, BY NODE COMPONENT    112
6.1    INTRODUCTION    113
FIGURE 29    IOT TECHNOLOGY MARKET, BY NODE COMPONENT    113
FIGURE 30    CONNECTIVITY IC TO HOLD LARGEST SIZE OF IOT TECHNOLOGY
MARKET IN 2021    114
TABLE 14    IOT TECHNOLOGY MARKET, BY NODE COMPONENT,
2017–2020 (MILLION UNITS)    114
TABLE 15    IOT TECHNOLOGY MARKET, BY NODE COMPONENT,
2021–2027 (MILLION UNITS)    114
6.2    PROCESSOR    115
6.2.1    PROCESSORS FACILITATE REAL-TIME DATA MONITORING AND ANALYTICS IN IOT DEVICES    115
TABLE 16    IOT TECHNOLOGY MARKET FOR PROCESSORS, BY TYPE,
2017–2020 (MILLION UNITS)    115
TABLE 17    IOT TECHNOLOGY MARKET FOR PROCESSORS, BY TYPE,
2021–2027 (MILLION UNITS)    115
6.2.2    MICROCONTROLLER (MCU)    116
6.2.3    MICROPROCESSOR (MPU)    116
6.2.4    DIGITAL SIGNAL PROCESSOR (DSP)    116
6.2.5    APPLICATION PROCESSOR (AP)    116
TABLE 18    IOT TECHNOLOGY MARKET FOR PROCESSORS, BY END-USE APPLICATION, 2017–2020 (MILLION UNITS)    117
TABLE 19    IOT TECHNOLOGY MARKET FOR PROCESSORS, BY END-USE APPLICATION, 2021–2027 (MILLION UNITS)    117
TABLE 20    IOT TECHNOLOGY MARKET FOR PROCESSORS, BY INDUSTRIAL APPLICATION, 2017–2020 (MILLION UNITS)    117
TABLE 21    IOT TECHNOLOGY MARKET FOR PROCESSOR, BY INDUSTRIAL APPLICATION, 2021–2027 (MILLION UNITS)    118
TABLE 22    IOT TECHNOLOGY MARKET FOR PROCESSORS, BY CONSUMER APPLICATION, 2017–2020 (MILLION UNITS)    118
TABLE 23    IOT TECHNOLOGY MARKET FOR PROCESSORS, BY CONSUMER APPLICATION, 2021–2027 (MILLION UNITS)    118
6.3    SENSOR    119
6.3.1    SENSORS CAN MEASURE VARIOUS PARAMETERS IN IOT DEVICES    119
TABLE 24    IOT TECHNOLOGY MARKET FOR SENSORS, BY TYPE,
2017–2020 (MILLION UNITS)    119
TABLE 25    IOT TECHNOLOGY MARKET FOR SENSORS, BY TYPE,
2021–2027 (MILLION UNITS)    120
6.3.2    ACCELEROMETER    120
6.3.3    INERTIAL MEASUREMENT UNIT (IMU)    120
6.3.4    HEART RATE SENSOR    121
6.3.5    PRESSURE SENSOR    121
6.3.6    TEMPERATURE SENSOR    122
6.3.7    BLOOD GLUCOSE SENSOR    122
6.3.8    BLOOD OXYGEN SENSOR    123
6.3.9    ELECTROCARDIOGRAM (ECG) SENSOR    123
6.3.10    HUMIDITY SENSOR    123
6.3.11    IMAGE SENSOR    124
6.3.12    AMBIENT LIGHT SENSOR    124
6.3.13    FLOW SENSOR    124
6.3.14    LEVEL SENSOR    124
6.3.15    CHEMICAL SENSOR    125
6.3.16    CARBON MONOXIDE SENSOR    125
6.3.17    MOTION AND POSITION SENSOR    125
6.3.18    CAMERA MODULE    125
TABLE 26    IOT TECHNOLOGY MARKET FOR SENSORS, BY END-USE APPLICATION,
2017–2020 (MILLION UNITS)    126
TABLE 27    IOT TECHNOLOGY MARKET FOR SENSORS, BY END-USE APPLICATION,
2021–2027 (MILLION UNITS)    126
TABLE 28    IOT TECHNOLOGY MARKET FOR SENSORS, BY INDUSTRIAL APPLICATION, 2017–2020 (MILLION UNITS)    126
TABLE 29    IOT TECHNOLOGY MARKET FOR SENSORS, BY INDUSTRIAL APPLICATION, 2021–2027 (MILLION UNITS)    127
TABLE 30    IOT TECHNOLOGY MARKET FOR SENSORS, BY CONSUMER APPLICATION, 2017–2020 (MILLION UNITS)    127
TABLE 31    IOT TECHNOLOGY MARKET FOR SENSORS, BY CONSUMER APPLICATION, 2021–2027 (MILLION UNITS)    127
6.4    CONNECTIVITY IC    128
TABLE 32    IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS,
BY CONNECTIVITY TECHNOLOGY, 2017–2020 (MILLION UNITS)    128
TABLE 33    IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS,
BY CONNECTIVITY TECHNOLOGY, 2021–2027(MILLION UNITS)    128
6.4.1    WIRED    128
6.4.1.1    Ethernet/IP    128
6.4.1.2    Modbus    129
6.4.1.3    Profinet    129
6.4.1.4    Foundation Fieldbus (FF)    129
TABLE 34    IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS,
BY WIRED CONNECTIVITY TECHNOLOGY, 2017–2020 (MILLION UNITS)    129
TABLE 35    IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS,
BY WIRED CONNECTIVITY TECHNOLOGY, 2021–2027 (MILLION UNITS)    130
6.4.2    WIRELESS    130
6.4.2.1    ANT+    130
6.4.2.2    Bluetooth    130
6.4.2.3    Bluetooth smart/Bluetooth low energy (BLE)    130
6.4.2.4    ZigBee    131
6.4.2.5    Wireless Fidelity (Wi-Fi)    131
FIGURE 31    SNAPSHOT OF KEY WI-FI-ENABLED IOT DEVICES    131
6.4.2.6    Near-field Communication (NFC)    132
6.4.2.7    Cellular Network    132
6.4.2.8    Wireless highway addressable remote transducer (WHART)    132
6.4.2.9    Global positioning system (GPS)/Global navigation satellite system (GNSS) module    132
6.4.2.10    ISA100    133
6.4.2.11    Bluetooth/WLAN    133
TABLE 36    IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS,
BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2020 (MILLION UNITS)    133
TABLE 37    IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS,
BY WIRELESS CONNECTIVITY TECHNOLOGY, 2021–2027 (MILLION UNITS)    134
TABLE 38    IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS,
BY END-USE APPLICATION, 2017–2020 (MILLION UNITS)    134
TABLE 39    IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS,
BY END-USE APPLICATION, 2021–2027 (MILLION UNITS)    134
TABLE 40    IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS,
BY INDUSTRIAL APPLICATION, 2017–2020 (MILLION UNITS)    135
TABLE 41    IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS,
BY INDUSTRIAL APPLICATION, 2021–2027 (MILLION UNITS)    135
TABLE 42    IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS,
BY CONSUMER APPLICATION, 2017–2020 (MILLION UNITS)    136
TABLE 43    IOT TECHNOLOGY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS,
BY CONSUMER APPLICATION, 2021–2027 (MILLION UNITS)    136
6.5    MEMORY DEVICE    136
6.5.1    ON-CHIP MEMORY    136
6.5.1.1    On-chip memory offers high-speed performance with reduced power consumption    136
TABLE 44    IOT TECHNOLOGY MARKET FOR MEMORY DEVICES, BY TYPE,
2017–2020 (MILLION UNITS)    137
TABLE 45    IOT TECHNOLOGY MARKET FOR MEMORY DEVICES, BY TYPE,
2021–2027 (MILLION UNITS)    137
6.5.2    OFF-CHIP MEMORY/EXTERNAL MEMORY    137
6.5.2.1    Off-chip memory devices are mostly used in servers, PCs, and mobile devices    137
FIGURE 32    SNAPSHOT OF FLOW OF DATA FROM EDGE DEVICES/NODES TO STORAGE CENTRES VIA GATEWAY    138
TABLE 46    IOT TECHNOLOGY MARKET FOR MEMORY DEVICES, BY END-USE APPLICATION, 2017–2020 (MILLION UNITS)    138
TABLE 47    IOT TECHNOLOGY MARKET FOR MEMORY DEVICES, BY END-USE APPLICATION, 2021–2027 (MILLION UNITS)    138
TABLE 48    IOT TECHNOLOGY MARKET FOR MEMORY DEVICES, BY INDUSTRIAL APPLICATION, 2017–2020 (MILLION UNITS)    139
TABLE 49    IOT TECHNOLOGY MARKET FOR MEMORY DEVICES, BY INDUSTRIAL APPLICATION, 2021–2027 (MILLION UNITS)    139
TABLE 50    IOT TECHNOLOGY MARKET FOR MEMORY DEVICES, BY CONSUMER APPLICATION, 2017–2020 (MILLION UNITS)    140
TABLE 51    IOT TECHNOLOGY MARKET FOR MEMORY DEVICES, BY CONSUMER APPLICATION, 2021–2027 (MILLION UNITS)    140
6.6    LOGIC DEVICE    140
6.6.1    LOGIC DEVICE OFFERS ADVANTAGES LIKE RAPID PROTOTYPING, SHORTER TIME TO MARKET, AND LONG PRODUCT CYCLE    140
6.6.2    FIELD-PROGRAMMABLE GATE ARRAY (FPGA)    140
TABLE 52    IOT TECHNOLOGY MARKET FOR LOGIC DEVICES, BY TYPE,
2017–2020 (MILLION UNITS)    141
TABLE 53    IOT TECHNOLOGY MARKET FOR LOGIC DEVICES, BY TYPE,
2021–2027 (MILLION UNITS)    141
TABLE 54    IOT TECHNOLOGY MARKET FOR LOGIC DEVICES, BY END-USE APPLICATION, 2017–2020 (MILLION UNITS)    141
TABLE 55    IOT TECHNOLOGY MARKET FOR LOGIC DEVICES, BY END-USE APPLICATION, 2021–2027 (MILLION UNITS)    141
7    INTERNET OF THINGS TECHNOLOGY MARKET, BY SOFTWARE SOLUTION    142
7.1    INTRODUCTION    143
FIGURE 33    INTERNET OF THINGS TECHNOLOGY MARKET, BY SOFTWARE SOLUTION    143
FIGURE 34    REMOTE MONITORING SEGMENT IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    144
TABLE 56    IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION,
2017–2020 (USD BILLION)    144
TABLE 57    IOT TECHNOLOGY MARKET, BY SOFTWARE SOLUTION,
2021–2027 (USD BILLION)    144
7.2    REAL-TIME STREAMING ANALYTICS    145
7.2.1    IOT REAL-TIME STREAMING ANALYTICS SOLUTIONS LEVERAGE REAL-TIME REMOTE MANAGEMENT AND MONITORING AND GAIN INSIGHTS FROM REMOTE DEVICES    145
7.3    SECURITY SOLUTION    146
7.3.1    SECURITY SOLUTIONS ENABLE ORGANIZATIONS TO SECURE THEIR IOT ECOSYSTEM FROM SOPHISTICATED AND ADVANCED THREATS    146
7.4    DATA MANAGEMENT    146
7.4.1    DATA MANAGEMENT SOLUTIONS HELP TO MANAGE STRUCTURED AND UNSTRUCTURED DATA TO GENERATE INSIGHTS FROM DATA    146
7.5    REMOTE MONITORING    146
7.5.1    REMOTE MONITORING SYSTEMS HELP IN MINIMIZING COSTS AND PREVENTING UNPLANNED DOWNTIME    146
7.6    NETWORK BANDWIDTH MANAGEMENT    147
7.6.1    NETWORK BANDWIDTH MANAGEMENT INCREASES NETWORK EFFICIENCY BY TRACKING BANDWIDTH AND RESOURCE CONSUMPTION    147
8    INTERNET OF THINGS TECHNOLOGY MARKET, BY PLATFORM    148
8.1    INTRODUCTION    149
FIGURE 35    IOT TECHNOLOGY MARKET, BY PLATFORM    149
FIGURE 36    NETWORK MANAGEMENT SEGMENT TO HOLD LARGEST MARKET SIZE IN 2021    150
TABLE 58    IOT TECHNOLOGY MARKET, BY PLATFORM, 2017–2020 (USD BILLION)    150
TABLE 59    IOT TECHNOLOGY MARKET, BY PLATFORM, 2021–2027 (USD BILLION)    150

8.2    DEVICE MANAGEMENT    151
8.2.1    DEVICE MANAGEMENT PLATFORMS HELP IN KEEPING SMART ASSETS CONNECTED, UP-TO-DATE, AND SECURE    151
8.3    APPLICATION MANAGEMENT    151
8.3.1    APPLICATION MANAGEMENT PLATFORMS MAINLY FOCUS ON MANAGING FIRMWARE AND SOFTWARE UPDATES IN DEVICES AND APPLICATIONS    151
8.4    NETWORK MANAGEMENT    152
8.4.1    NETWORK MANAGEMENT AIDS SEAMLESS AND FASTER DATA TRANSFER IN CRITICAL APPLICATIONS    152
9    INTERNET OF THINGS TECHNOLOGY MARKET, BY SERVICE    153
9.1    INTRODUCTION    154
FIGURE 37    IOT TECHNOLOGY MARKET, BY SERVICE    154
FIGURE 38    MANAGED SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD    154
TABLE 60    IOT TECHNOLOGY MARKET, BY SERVICE, 2017–2020 (USD MILLION)    155
TABLE 61    IOT TECHNOLOGY MARKET, BY SERVICE, 2021–2027 (USD MILLION)    155
9.2    PROFESSIONAL SERVICES    155
FIGURE 39    PROFESSIONAL SERVICES FOR IOT    156
9.2.1    DEPLOYMENT AND INTEGRATION SERVICE    156
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    156
9.2.2    SUPPORT AND MAINTENANCE    156
9.2.2.1    Support and maintenance services give organizations access to latest software features and functionalities    156
9.2.3    CONSULTING SERVICE    157
9.2.3.1    Consulting services help in identifying right platforms according to requirements, reducing complexity, and developing services in right time    157
9.3    MANAGED SERVICES    157
9.3.1    MANAGED SERVICES INCREASES PRODUCTIVITY AND HELP IN MITIGATING RISKS    157
FIGURE 40    MANAGED SERVICES FOR IOT    158
10    IOT TECHNOLOGY MARKET, BY END-USE APPLICATION    159
10.1    INTRODUCTION    160
FIGURE 41    IOT TECHNOLOGY MARKET, BY END-USE APPLICATION    160
TABLE 62    IOT TECHNOLOGY MARKET, BY END-USE APPLICATION,
2017–2020 (USD MILLION)    160
TABLE 63    IOT TECHNOLOGY MARKET, BY END-USE APPLICATION,
2021–2027 (USD MILLION)    161
FIGURE 42    CONSUMER SEGMENT TO HOLD LARGE SIZE OF IOT TECHNOLOGY MARKET, 2021 TO 2027    161
TABLE 64    IOT TECHNOLOGY MARKET FOR INDUSTRIAL AND CONSUMER,
BY SUB APPLICATION, 2017–2020 (USD MILLION)    162
TABLE 65    IOT TECHNOLOGY MARKET FOR INDUSTRIAL AND CONSUMER,
BY SUB APPLICATION, 2021–2027 (USD MILLION)    162
FIGURE 43    CONSUMER ELECTRONICS SEGMENT EXPECTED TO HOLD LARGEST SIZE OF IOT TECHNOLOGY MARKET FROM 2021 TO 2027    163
TABLE 66    IOT TECHNOLOGY MARKET FOR INDUSTRIAL AND CONSUMER,
BY SUB APPLICATION, 2017–2020 (MILLION UNITS)    163
TABLE 67    IOT TECHNOLOGY MARKET FOR INDUSTRIAL AND CONSUMER,
BY SUB APPLICATION, 2021–2027 (MILLION UNITS)    164
TABLE 68    IOT TECHNOLOGY MARKET FOR GATEWAYS, BY END-USE APPLICATION, 2017–2020 (THOUSAND UNITS)    165
TABLE 69    IOT TECHNOLOGY MARKET FOR GATEWAYS, BY END-USE APPLICATION, 2021–2027 (THOUSAND UNITS)    165
10.2    INDUSTRIAL    166
10.2.1    HEALTHCARE    166
10.2.1.1    Remote monitoring of patients post COVID-19 has fueled demand for IoT in healthcare    166
TABLE 70    IOT TECHNOLOGY MARKET FOR HEALTHCARE, BY DEVICE TYPE,
2017–2020 (USD MILLION)    167
TABLE 71    IOT TECHNOLOGY MARKET FOR HEALTHCARE, BY DEVICE TYPE,
2021–2027 (USD MILLION)    168
TABLE 72    IOT TECHNOLOGY (ONLY NODE) MARKET FOR HEALTHCARE, BY DEVICE TYPE, 2017–2020 (THOUSAND UNITS)    169
TABLE 73    IOT TECHNOLOGY MARKET FOR HEALTHCARE, BY DEVICE TYPE,
2017–2020 (THOUSAND UNITS)    169
TABLE 74    IOT TECHNOLOGY (ONLY NODE) MARKET FOR HEALTHCARE, BY DEVICE TYPE, 2021–2027 (THOUSAND UNITS)    170
TABLE 75    IOT TECHNOLOGY MARKET FOR HEALTHCARE, BY DEVICE TYPE,
2021–2027 (THOUSAND UNITS)    170
TABLE 76    IOT TECHNOLOGY MARKET FOR HEALTHCARE, BY NODE COMPONENT,
2017–2020 (MILLION UNITS)    171
TABLE 77    IOT TECHNOLOGY MARKET FOR HEALTHCARE, BY NODE COMPONENT,
2021–2027 (MILLION UNITS)    171
TABLE 78    IOT TECHNOLOGY MARKET FOR HEALTHCARE, BY PROCESSOR TYPE,
2017–2020 (MILLION UNITS)    172
TABLE 79    IOT TECHNOLOGY MARKET FOR HEALTHCARE, BY PROCESSOR TYPE,
2021–2027 (MILLION UNITS)    172
TABLE 80    IOT TECHNOLOGY MARKET FOR HEALTHCARE IN NORTH AMERICA,
BY COUNTRY, 2017–2020 (USD MILLION)    172
TABLE 81    IOT TECHNOLOGY MARKET FOR HEALTHCARE IN NORTH AMERICA,
BY COUNTRY, 2021–2027 (USD MILLION)    173
TABLE 82    IOT TECHNOLOGY MARKET FOR HEALTHCARE IN LATIN AMERICA,
BY COUNTRY, 2017–2020 (USD MILLION)    173
TABLE 83    IOT TECHNOLOGY MARKET FOR HEALTHCARE IN LATIN AMERICA,
BY COUNTRY, 2021–2027 (USD MILLION)    173
TABLE 84    IOT TECHNOLOGY MARKET FOR HEALTHCARE IN EUROPE, COUNTRY,
2017–2020 (USD MILLION)    174
TABLE 85    IOT TECHNOLOGY MARKET FOR HEALTHCARE IN EUROPE, BY COUNTRY, 2021–2027 (USD MILLION)    174
TABLE 86    IOT TECHNOLOGY MARKET FOR HEALTHCARE IN APAC, BY COUNTRY,
2017–2020 (USD MILLION)    175
TABLE 87    IOT TECHNOLOGY MARKET FOR HEALTHCARE IN APAC, BY COUNTRY,
2021–2027 (USD MILLION)    175
TABLE 88    IOT TECHNOLOGY MARKET FOR HEALTHCARE IN ROW, BY REGION,
2017–2020 (USD MILLION)    175
TABLE 89    IOT TECHNOLOGY MARKET FOR HEALTHCARE IN ROW, BY REGION,
2021–2027 (USD MILLION)    176
10.2.1.2    Healthcare application: Products covered    176
10.2.1.2.1    Fitness & heart rate monitors    176
10.2.1.2.2    Blood pressure monitors    176
10.2.1.2.3    Blood glucose meters    176
10.2.1.2.4    Continuous Glucose Monitors    177
10.2.1.2.5    Pulse oximeters    177
10.2.1.2.6    Automated external defibrillators    177
10.2.1.2.7    Programmable syringe pumps    177
10.2.1.2.8    Wearable injectors    178
10.2.1.2.9    Multiparameter monitors    178
10.2.1.2.10    Fall detectors    178
10.2.1.2.11    Smart pill dispensers    178
10.2.1.2.12    Gateways    178
10.2.2    AUTOMOTIVE & TRANSPORTATION    179
10.2.2.1    Autonomous cars and intelligent transportation trends are fueling growth of market    179
TABLE 90    IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY TYPE, 2017–2020 (USD MILLION)    179
TABLE 91    IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY TYPE, 2021–2027 (USD MILLION)    180
TABLE 92    IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY TYPE, 2017–2020 (MILLION UNITS)    180
TABLE 93    IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY TYPE, 2021–2027 (MILLION UNITS)    181
TABLE 94    IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY NODE COMPONENT, 2017–2020 (MILLION UNITS)    181
TABLE 95    IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY NODE COMPONENT, 2021–2027 (MILLION UNITS)    182
TABLE 96    IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN
NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)    182
TABLE 97    IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN
NORTH AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)    182
TABLE 98    IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN LATIN AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)    183
TABLE 99    IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN LATIN AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)    183
TABLE 100    IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)    184
TABLE 101    IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN EUROPE, BY COUNTRY, 2021–2027 (USD MILLION)    184
TABLE 102    IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)    184
TABLE 103    IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN APAC, BY COUNTRY, 2021–2027 (USD MILLION)    185
TABLE 104    IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN ROW, BY REGION, 2017–2020 (USD MILLION)    185
TABLE 105    IOT TECHNOLOGY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN ROW, BY REGION, 2021–2027 (USD MILLION)    185
10.2.2.2    Automotive & transportation application: Products covered    186
10.2.2.2.1    Connected cars    186
10.2.2.2.1.1    Level 1 – driver assistance    186
10.2.2.2.1.2    Level 2 – partial automation    186
10.2.2.2.1.3    Level 3 – conditional automation    187
10.2.2.2.1.4    Level 4 – high automation    187
10.2.2.2.2    Ultrasonic sensors    188
10.2.2.2.3    Cameras/image sensors    188
10.2.2.2.4    Radar    188
10.2.2.2.5    Lidar    188
10.2.2.2.6    Infrared (IR) detector    188
10.2.2.3    In-car infotainment    188
10.2.2.4    Traffic management    189
10.2.2.4.1    Vehicle detection sensor    189
10.2.2.4.2    Pedestrian presence sensor    189
10.2.2.4.3    Speed sensor    189
10.2.2.4.4    Thermal camera    189
10.2.2.4.5    Automated incident detection (AID) camera    189
10.2.2.5    Public transport/mass transit    189
10.2.2.6    E-tolls/E-highways    190
10.2.2.7    Gateways    190
10.2.3    BUILDING AUTOMATION    190
10.2.3.1    Need for energy efficiency and enhanced security is boosting adoption of IoT in building automation    190
TABLE 106    IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION, BY TYPE,
2017–2020 (USD MILLION)    190
TABLE 107    IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION, BY TYPE,
2021–2027 (USD MILLION)    191
TABLE 108    IOT TECHNOLOGY (ONLY NODE) MARKET FOR BUILDING AUTOMATION,
BY DEVICE TYPE, 2017–2020 (MILLION UNITS)    191
TABLE 109    IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION, BY DEVICE TYPE, 2017–2020 (MILLION UNITS)    192
TABLE 110    IOT TECHNOLOGY (ONLY NODE) MARKET FOR BUILDING AUTOMATION,
BY DEVICE TYPE, 2021–2027 (MILLION UNITS)    192
TABLE 111    IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION, BY DEVICE TYPE, 2021–2027 (MILLION UNITS)    192
TABLE 112    IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION, BY NODE COMPONENT, 2017–2020 (MILLION UNITS)    193
TABLE 113    IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION, BY NODE COMPONENT, 2021–2027 (MILLION UNITS)    193
TABLE 114    IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION, BY PROCESSOR TYPE, 2017–2020 (MILLION UNITS)    193
TABLE 115    IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION, BY PROCESSOR TYPE, 2021–2027 (MILLION UNITS)    194
TABLE 116    IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)    194
TABLE 117    IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION IN NORTH AMERICA, 2021–2027 (USD MILLION)    194
TABLE 118    IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION IN LATIN AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)    195
TABLE 119    IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION IN LATIN AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)    195
TABLE 120    IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION IN EUROPE,
BY COUNTRY, 2017–2020 (USD MILLION)    195
TABLE 121    IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION IN EUROPE,
BY COUNTRY, 2021–2027 (USD MILLION)    196
TABLE 122    IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION IN APAC,
BY COUNTRY, 2017–2020 (USD MILLION)    196
TABLE 123    IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION IN APAC,
BY COUNTRY, 2021–2027 (USD MILLION)    196
TABLE 124    IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION IN ROW, BY REGION, 2017–2020 (USD MILLION)    197
TABLE 125    IOT TECHNOLOGY MARKET FOR BUILDING AUTOMATION IN ROW, BY REGION, 2021–2027 (USD MILLION)    197
10.2.3.2    Building automation application: Products covered    197
10.2.3.2.1    Occupancy sensors    197
10.2.3.2.2    Daylight sensors    198
10.2.3.2.3    Smart Thermostats    198
10.2.3.2.4    IP cameras    198
10.2.3.2.5    Smart meters    198
10.2.3.2.6    Smart locks    198
10.2.3.2.7    Smoke detectors    199
10.2.3.2.8    Gateways    199
10.2.4    MANUFACTURING    199
10.2.4.1    Adoption of industry 4.0 principles has fueled IoT adoption in manufacturing    199
10.2.4.2    Manufacturing application: Products covered    200
10.2.4.2.1    Temperature sensors    200
10.2.4.2.2    Pressure sensors    200
10.2.4.2.3    Level sensors    200
10.2.4.2.4    Flow sensors    200
10.2.4.2.5    Chemical sensors    200
10.2.4.2.6    Humidity sensors    201
10.2.4.2.7    Motion and position sensors    201
10.2.4.2.8    Image sensors    201
10.2.4.2.9    Gateways    201
TABLE 126    IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY TYPE,
2017–2020 (USD MILLION)    202
TABLE 127    IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY TYPE,
2021–2027 (USD MILLION)    202
TABLE 128    IOT TECHNOLOGY (ONLY NODE) MARKET FOR MANUFACTURING, BY DEVICE TYPE, 2017–2020 (MILLION UNITS)    203
TABLE 129    IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY DEVICE TYPE,
2017–2020 (MILLION UNITS)    203
TABLE 130    IOT TECHNOLOGY (ONLY NODE) MARKET FOR MANUFACTURING, BY DEVICE TYPE, 2021–2027 (MILLION UNITS)    204
TABLE 131    IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY DEVICE TYPE,
2021–2027 (MILLION UNITS)    204
TABLE 132    IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY NODE COMPONENT, 2017–2020 (MILLION UNITS)    204
TABLE 133    IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY NODE COMPONENT, 2021–2027 (MILLION UNITS)    205
TABLE 134    IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY CONNECTIVITY TECHNOLOGY, 2017–2020 (MILLION UNITS)    205
TABLE 135    IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY CONNECTIVITY TECHNOLOGY, 2021–2027 (MILLION UNITS)    205
TABLE 136    IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY WIRED CONNECTIVITY TECHNOLOGY, 2017–2020 (MILLION UNITS)    206
TABLE 137    IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY WIRED CONNECTIVITY TECHNOLOGY, 2021–2027 (MILLION UNITS)    206
TABLE 138    IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2017–2020 (MILLION UNITS)    207
TABLE 139    IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2021–2027 (MILLION UNITS)    207
TABLE 140    IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY DEVICE TYPE,
2017–2020 (THOUSAND UNITS)    208
TABLE 141    IOT TECHNOLOGY MARKET FOR MANUFACTURING, BY DEVICE TYPE,
2021–2027 (THOUSAND UNITS)    208
TABLE 142    IOT TECHNOLOGY MARKET FOR MANUFACTURING IN NORTH AMERICA,
BY COUNTRY, 2017–2020 (USD MILLION)    209
TABLE 143    IOT TECHNOLOGY MARKET FOR MANUFACTURING IN NORTH AMERICA,
 BY COUNTRY, 2021–2027 (USD MILLION)    209
TABLE 144    IOT TECHNOLOGY MARKET FOR MANUFACTURING IN LATIN AMERICA,
BY COUNTRY, 2017–2020 (USD MILLION)    209
TABLE 145    IOT TECHNOLOGY MARKET FOR MANUFACTURING IN LATIN AMERICA,
BY COUNTRY, 2021–2027 (USD MILLION)    210
TABLE 146    IOT TECHNOLOGY MARKET FOR MANUFACTURING IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)    210
TABLE 147    IOT TECHNOLOGY MARKET FOR MANUFACTURING IN EUROPE, BY COUNTRY, 2021–2027 (USD MILLION)    210
TABLE 148    IOT TECHNOLOGY MARKET FOR MANUFACTURING IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)    211
TABLE 149    IOT TECHNOLOGY MARKET FOR MANUFACTURING IN APAC, BY COUNTRY, 2021–2027 (USD MILLION)    211
TABLE 150    IOT TECHNOLOGY MARKET FOR MANUFACTURING IN ROW, BY REGION, 2017–2020 (USD MILLION)    211
TABLE 151    IOT TECHNOLOGY MARKET FOR MANUFACTURING IN ROW, BY REGION, 2021–2027 (USD MILLION)    212
10.2.5    RETAIL    212
10.2.5.1    Growing popularity of digital signage and intelligent vending machines in retail is driving market growth    212
10.2.5.2    Retail application: Products covered    212
10.2.5.2.1    Intelligent vending machines    212
FIGURE 44    INTELLIGENT VENDING USING IOT GATEWAY    213
10.2.5.2.2    Contactless checkout/POS    213
10.2.5.2.3    Smart mirror    213
10.2.5.2.4    Smart shopping cart    213
10.2.5.2.5    Digital signage    213
10.2.5.2.6    Smart tags    214
10.2.5.2.7    Wireless beacon    214
10.2.5.2.8    Gateways    214
TABLE 152    IOT TECHNOLOGY MARKET FOR RETAIL, BY TYPE,
2017–2020 (USD THOUSAND)    214
TABLE 153    IOT TECHNOLOGY MARKET FOR RETAIL, BY TYPE,
2021–2027 (USD THOUSAND)    215
TABLE 154    IOT TECHNOLOGY (ONLY NODE) MARKET FOR RETAIL, BY DEVICE TYPE,
2017–2020 (THOUSAND UNITS)    215
TABLE 155    IOT TECHNOLOGY MARKET FOR RETAIL, BY DEVICE TYPE,
2017–2020 (THOUSAND UNITS)    216
TABLE 156    IOT TECHNOLOGY (ONLY NODE) MARKET FOR RETAIL, BY DEVICE TYPE,
2021–2027 (THOUSAND UNITS)    216
TABLE 157    IOT TECHNOLOGY MARKET FOR RETAIL, BY DEVICE TYPE,
2021–2027 (THOUSAND UNITS)    216
TABLE 158    IOT TECHNOLOGY MARKET FOR RETAIL, BY NODE COMPONENT,
2017–2020 (MILLION UNITS)    217
TABLE 159    IOT TECHNOLOGY MARKET FOR RETAIL, BY NODE COMPONENT,
2021–2027 (MILLION UNITS)    217
TABLE 160    IOT TECHNOLOGY MARKET FOR RETAIL IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)    217
TABLE 161    IOT TECHNOLOGY MARKET FOR RETAIL IN NORTH AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)    218
TABLE 162    IOT TECHNOLOGY MARKET FOR RETAIL IN LATIN AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)    218
TABLE 163    IOT TECHNOLOGY MARKET FOR RETAIL IN LATIN AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)    218
TABLE 164    IOT TECHNOLOGY MARKET FOR RETAIL IN EUROPE, BY COUNTRY,
2017–2020 (USD MILLION)    219
TABLE 165    IOT TECHNOLOGY MARKET FOR RETAIL IN EUROPE, BY COUNTRY,
2021–2027 (USD MILLION)    219
TABLE 166    IOT TECHNOLOGY MARKET FOR RETAIL IN APAC, BY COUNTRY,
2017–2020 (USD MILLION)    219
TABLE 167    IOT TECHNOLOGY MARKET FOR RETAIL IN APAC, BY COUNTRY,
2021–2027 (USD MILLION)    220
TABLE 168    IOT TECHNOLOGY MARKET FOR RETAIL IN ROW, BY REGION,
2017–2020 (USD MILLION)    220
TABLE 169    IOT TECHNOLOGY MARKET FOR RETAIL IN ROW, BY REGION,
2021–2027 (USD MILLION)    220"
"10.2.6    BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)    221
10.2.6.1    Adoption of mPOS and kiosks is driving market growth    221
FIGURE 45    KEY APPLICATION AREAS OF IOT IN BFSI END-USE APPLICATION    221
10.2.6.2    BFSI application: Products covered    221
10.2.6.2.1    Mobile point of sale (mPOS)    221
10.2.6.2.2    Smart kiosk/Interactive kiosk    221
10.2.6.2.3    Gateways    222
TABLE 170    IOT TECHNOLOGY MARKET FOR BFSI, BY TYPE, 2017–2020 (USD MILLION)    222
TABLE 171    IOT TECHNOLOGY MARKET FOR BFSI, BY TYPE, 2021–2027 (USD MILLION)    222
TABLE 172    IOT TECHNOLOGY (ONLY NODE) MARKET FOR BFSI, BY TYPE,
2017–2020 (MILLION UNITS)    222
TABLE 173    IOT TECHNOLOGY MARKET FOR BFSI, BY TYPE, 2017–2020 (MILLION UNITS)    223
TABLE 174    IOT TECHNOLOGY (ONLY NODE) MARKET FOR BFSI, BY TYPE,
2021–2027 (MILLION UNITS)    223
TABLE 175    IOT TECHNOLOGY MARKET FOR BFSI, BY TYPE, 2021–2027 (MILLION UNITS)    223
TABLE 176    IOT TECHNOLOGY MARKET FOR BFSI, BY NODE COMPONENT,
2017–2020 (THOUSAND UNITS)    224
TABLE 177    IOT TECHNOLOGY MARKET FOR BFSI, BY NODE COMPONENT,
2021–2027 (THOUSAND UNITS)    224
TABLE 178    IOT TECHNOLOGY MARKET FOR BFSI IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)    224
TABLE 179    IOT TECHNOLOGY MARKET FOR BFSI IN NORTH AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)    225
TABLE 180    IOT TECHNOLOGY MARKET FOR BFSI IN LATIN AMERICA, BY COUNTRY,
2017–2020 (USD MILLION)    225
TABLE 181    IOT TECHNOLOGY MARKET FOR BFSI IN LATIN AMERICA, BY COUNTRY,
2021–2027 (USD MILLION)    226
TABLE 182    IOT TECHNOLOGY MARKET FOR BFSI IN EUROPE, BY COUNTRY,
2017–2020 (USD MILLION)    226
TABLE 183    IOT TECHNOLOGY MARKET FOR BFSI IN EUROPE, BY COUNTRY,
2021–2027 (USD MILLION)    226
TABLE 184    IOT TECHNOLOGY MARKET FOR BFSI IN APAC, BY COUNTRY,
2017–2020 (USD MILLION)    227
TABLE 185    IOT TECHNOLOGY MARKET FOR BFSI IN APAC, BY COUNTRY,
2021–2027 (USD MILLION)    227
TABLE 186    IOT TECHNOLOGY MARKET FOR BFSI IN ROW, BY REGION,
2017–2020 (USD MILLION)    227
TABLE 187    IOT TECHNOLOGY MARKET FOR BFSI IN ROW, BY REGION,
2021–2027 (USD MILLION)    228
10.2.7    OIL & GAS    228
10.2.7.1    Need for remote monitoring in operations of oil & gas industry is propelling market growth    228
10.2.7.2    Oil & gas application: Products covered    228
10.2.7.2.1    Temperature sensors    228
10.2.7.2.2    Pressure sensors    228
10.2.7.2.3    Level sensors    228
10.2.7.2.4    Flow sensors    229
10.2.7.2.5    Image sensors    229
10.2.7.2.6    Other sensors (humidity sensors, motion & position sensors, and chemical & gas sensors)    229
10.2.7.2.7    Gateways    229
TABLE 188    IOT TECHNOLOGY MARKET FOR OIL & GAS, BY TYPE,
2017–2020 (USD THOUSAND)    229
TABLE 189    IOT TECHNOLOGY MARKET FOR OIL & GAS, BY TYPE,
2021–2027 (USD THOUSAND)    230
TABLE 190    IOT TECHNOLOGY (ONLY NODE) MARKET FOR OIL & GAS, BY SENSOR TYPE, 2017–2020 (THOUSAND UNITS)    230
TABLE 191    IOT TECHNOLOGY MARKET FOR OIL & GAS, BY SENSOR TYPE,
2017–2020 (THOUSAND UNITS)    231
TABLE 192    IOT TECHNOLOGY (ONLY NODE) MARKET FOR OIL & GAS, BY SENSOR TYPE, 2021–2027 (THOUSAND UNITS)    231
TABLE 193    IOT TECHNOLOGY MARKET FOR OIL & GAS, BY SENSOR TYPE,
2021–2027 (THOUSAND UNITS)    231
TABLE 194    IOT TECHNOLOGY MARKET FOR OIL & GAS, BY NODE COMPONENT,
2017–2020 (MILLION UNITS)    232
TABLE 195    IOT TECHNOLOGY MARKET FOR OIL & GAS, BY NODE COMPONENT,
2021–2027 (MILLION UNITS)    232
TABLE 196    IOT TECHNOLOGY MARKET FOR OIL & GAS, BY CONNECTIVITY TECHNOLOGY, 2017–2020 (MILLION UNITS)    232
TABLE 197    IOT TECHNOLOGY MARKET FOR OIL & GAS, BY CONNECTIVITY TECHNOLOGY, 2021–2027 (MILLION UNITS)    233
TABLE 198    IOT TECHNOLOGY MARKET FOR OIL & GAS, BY WIRED CONNECTIVITY,
2017–2020 (THOUSAND UNITS)    233
TABLE 199    IOT TECHNOLOGY MARKET FOR OIL & GAS, BY WIRED CONNECTIVITY,
2021–2027 (THOUSAND UNITS)    233
TABLE 200    IOT TECHNOLOGY MARKET FOR OIL & GAS, BY WIRELESS CONNECTIVITY, 2017–2020 (THOUSAND UNITS)    234
TABLE 201    IOT TECHNOLOGY MARKET FOR OIL & GAS, BY WIRELESS CONNECTIVITY, 2021–2027 (THOUSAND UNITS)    234
TABLE 202    IOT TECHNOLOGY MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)    235
TABLE 203    IOT TECHNOLOGY MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)    235
TABLE 204    IOT TECHNOLOGY MARKET FOR OIL & GAS IN LATIN AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)    235
TABLE 205    IOT TECHNOLOGY MARKET FOR OIL & GAS IN LATIN AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)    236
TABLE 206    IOT TECHNOLOGY MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY,
2017–2020 (USD MILLION)    236
TABLE 207    IOT TECHNOLOGY MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY,
2021–2027 (USD MILLION)    236
TABLE 208    IOT TECHNOLOGY MARKET FOR OIL & GAS IN APAC, BY COUNTRY,
2017–2020 (USD MILLION)    237
TABLE 209    IOT TECHNOLOGY MARKET FOR OIL & GAS IN APAC, BY COUNTRY,
2021–2027 (USD MILLION)    237
TABLE 210    IOT TECHNOLOGY MARKET FOR OIL & GAS IN ROW, BY REGION,
2017–2020 (USD MILLION)    237
TABLE 211    IOT TECHNOLOGY MARKET FOR OIL & GAS IN ROW, BY REGION,
2021–2027 (USD MILLION)    238
10.2.8    AGRICULTURE    238
10.2.8.1    Increasing global demand for food and adoption of smart farming practices is driving market growth    238
FIGURE 46    IOT IN AGRICULTURE    238
10.2.8.2    Agriculture application: Products covered    239
10.2.8.2.1    Climate sensors    239
10.2.8.2.2    Soil moisture sensors    239
10.2.8.2.3    Level sensors    239
10.2.8.2.4    Gateways    239
TABLE 212    IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY TYPE,
2017–2020 (USD MILLION)    239
TABLE 213    IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY TYPE,
2021–2027 (USD MILLION)    240
TABLE 214    IOT TECHNOLOGY (ONLY NODE) MARKET FOR AGRICULTURE, BY SENSOR TYPE, 2017–2020 (THOUSAND UNITS)    240
TABLE 215    IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY DEVICE TYPE,
2017–2020 (THOUSAND UNITS)    240
TABLE 216    IOT TECHNOLOGY (ONLY NODE) MARKET FOR AGRICULTURE, BY SENSOR TYPE, 2021–2027 (THOUSAND UNITS)    241
TABLE 217    IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY DEVICE TYPE,
2021–2027 (THOUSAND UNITS)    241
TABLE 218    IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY NODE COMPONENT, 2017–2020 (THOUSAND UNITS)    241
TABLE 219    IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY NODE COMPONENT, 2021–2027 (THOUSAND UNITS)    242
TABLE 220    IOT TECHNOLOGY MARKET FOR AGRICULTURE IN NORTH AMERICA,
BY COUNTRY, 2017–2020 (USD THOUSAND)    242
TABLE 221    IOT TECHNOLOGY MARKET FOR AGRICULTURE IN NORTH AMERICA,
BY COUNTRY, 2021–2027 (USD THOUSAND)    242
TABLE 222    IOT TECHNOLOGY MARKET FOR AGRICULTURE IN LATIN AMERICA,
BY COUNTRY, 2017–2020 (USD THOUSAND)    243
TABLE 223    IOT TECHNOLOGY MARKET FOR AGRICULTURE IN LATIN AMERICA,
BY COUNTRY, 2021–2027 (USD THOUSAND)    243
TABLE 224    IOT TECHNOLOGY MARKET FOR AGRICULTURE IN EUROPE, BY COUNTRY, 2017–2020 (USD THOUSAND)    244
TABLE 225    IOT TECHNOLOGY MARKET FOR AGRICULTURE IN EUROPE, BY COUNTRY, 2021–2027 (USD THOUSAND)    244
TABLE 226    IOT TECHNOLOGY MARKET FOR AGRICULTURE IN APAC, BY COUNTRY,
2017–2020 (USD THOUSAND)    245
TABLE 227    IOT TECHNOLOGY MARKET FOR AGRICULTURE IN APAC, BY COUNTRY,
2021–2027 (USD THOUSAND)    245
TABLE 228    IOT TECHNOLOGY MARKET FOR AGRICULTURE IN ROW, BY REGION,
2017–2020 (USD THOUSAND)    245
TABLE 229    IOT TECHNOLOGY MARKET FOR AGRICULTURE IN ROW, BY REGION,
2021–2027 (USD THOUSAND)    246
10.2.9    AEROSPACE AND DEFENSE    246
10.2.9.1    Focus in improving efficiency, passenger safety, security, and experience is boosting IoT adoption in aerospace and defense    246
10.2.9.2    Aerospace and defense application: Products covered    246
10.2.9.2.1    Smart baggage tags    246
10.2.9.2.2    Smart beacons    246
10.2.9.2.3    ePassport gates    247
10.2.9.2.4    Drones/Unmanned aerial vehicle (UAV)    247
10.2.9.2.5    Gateways    247
TABLE 230    IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    247
TABLE 231    IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY TYPE,
2021–2027 (USD MILLION)    248
TABLE 232    IOT TECHNOLOGY (ONLY NODE) MARKET FOR AEROSPACE & DEFENSE,
BY TYPE, 2017–2020 (THOUSAND UNITS)    248
TABLE 233    IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY TYPE,
 2017–2020 (THOUSAND UNITS)    248
TABLE 234    IOT TECHNOLOGY (ONLY NODE) MARKET FOR AEROSPACE & DEFENSE,
BY TYPE, 2021–2027 (THOUSAND UNITS)    249
TABLE 235    IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY TYPE,
2021–2027 (THOUSAND UNITS)    249
TABLE 236    IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY NODE COMPONENT, 2017–2020 (THOUSAND UNITS)    249
TABLE 237    IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY NODE COMPONENT, 2021–2027 (THOUSAND UNITS)    250
TABLE 238    IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)    250
TABLE 239    IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN NORTH AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)    250
TABLE 240    IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN LATIN AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)    251
TABLE 241    IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN LATIN AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)    251
TABLE 242    IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN EUROPE,
BY COUNTRY, 2017–2020 (USD MILLION)    251
TABLE 243    IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN EUROPE,
BY COUNTRY, 2021–2027 (USD MILLION)    252
TABLE 244    IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN APAC,
 BY COUNTRY, 2017–2020 (USD MILLION)    252
TABLE 245    IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN APAC,
BY COUNTRY, 2021–2027 (USD MILLION)    252
TABLE 246    IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN ROW, BY REGION, 2017–2020 (USD MILLION)    253
TABLE 247    IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN ROW, BY REGION, 2021–2027 (USD MILLION)    253
10.3    CONSUMER    253
10.3.1    WEARABLE DEVICES    253
10.3.1.1    Escalating demand for smart watches to catalyze wearable devices market growth    253
FIGURE 47    WEARABLE TECHNOLOGY – KEY APPLICATIONS    254
10.3.1.2    Wearable devices application: Products covered    254
10.3.1.2.1    Activity monitors    254
10.3.1.2.2    Smart watches    254
10.3.1.2.3    Smart glasses    254
10.3.1.2.4    Body-worn cameras    255
10.3.1.2.5    Panic/SOS buttons    255
10.3.1.2.6    Smart locators    255
10.3.1.2.7    Smart water purifiers    255
10.3.1.2.8    Identity authenticators    255
10.3.1.2.9    Thermal bracelets    255
10.3.1.2.10    Safe driving ingestible pills    255
TABLE 248    IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES, BY TYPE,
2017–2020 (USD MILLION)    256
TABLE 249    IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES, BY TYPE,
2021–2027 (USD MILLION)    256
TABLE 250    IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES, BY TYPE,
2017–2020 (MILLION UNITS)    257
TABLE 251    IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES, BY TYPE,
2021–2027 (MILLION UNITS)    257
TABLE 252    IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES, BY NODE COMPONENT, 2017–2020 (MILLION UNITS)    258
TABLE 253    IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES, BY NODE COMPONENT, 2021–2027 (MILLION UNITS)    258
TABLE 254    IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN NORTH AMERICA,
BY COUNTRY, 2017–2020 (USD MILLION)    259
TABLE 255    IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN NORTH AMERICA,
BY COUNTRY, 2021–2027 (USD MILLION)    259
TABLE 256    IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN LATIN AMERICA,
BY COUNTRY, 2017–2020 (USD MILLION)    259
TABLE 257    IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN LATIN AMERICA,
BY COUNTRY, 2021–2027 (USD MILLION)    260
TABLE 258    IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN EUROPE,
BY COUNTRY, 2017–2020 (USD MILLION)    260
TABLE 259    IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN EUROPE,
BY COUNTRY, 2021–2027 (USD MILLION)    260
TABLE 260    IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)    261
TABLE 261    IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN APAC, BY COUNTRY, 2021–2027 (USD MILLION)    261
TABLE 262    IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN ROW, BY REGION, 2017–2020 (USD MILLION)    261
TABLE 263    IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN ROW, BY REGION, 2021–2027 (USD MILLION)    262
10.3.2    CONSUMER ELECTRONICS    262
10.3.2.1    Growing demand for smart televisions and smart washing machines to support growth of consumer electronics segment    262
10.3.2.2    Consumer electronics application: Products covered    262
10.3.2.2.1    Smart lighting    262
10.3.2.2.2    Smart TV    263
10.3.2.2.3    Smart washing machine    263
10.3.2.2.4    Smart dryer    263
10.3.2.2.5    Smart refrigerator    263
10.3.2.2.6    Smart oven    263
10.3.2.2.7    Smart cooktop    264
10.3.2.2.8    Smart cooker    264
10.3.2.2.9    Smart deep freezer    264
10.3.2.2.10    Smart dishwasher    264
10.3.2.2.11    Smart coffee maker    264
10.3.2.2.12    Smart Kettle    265
10.3.2.2.13    Gateways    265
TABLE 264    IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS, BY TYPE,
2017–2020 (USD MILLION)    265
TABLE 265    IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS, BY TYPE,
2021–2027 (USD MILLION)    266
TABLE 266    IOT TECHNOLOGY (ONLY NODE) MARKET FOR CONSUMER ELECTRONICS,
BY TYPE, 2017–2020 (THOUSAND UNITS)    267
TABLE 267    IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS, BY TYPE,
2017–2020 (THOUSAND UNITS)    267
TABLE 268    IOT TECHNOLOGY (ONLY NODE) MARKET FOR CONSUMER ELECTRONICS,
BY TYPE, 2021–2027 (THOUSAND UNITS)    268
TABLE 269    IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS, BY TYPE,
2021–2027 (THOUSAND UNITS)    268
TABLE 270    IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS, BY NODE COMPONENT, 2017–2020 (MILLION UNITS)    269
TABLE 271    IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS, BY NODE COMPONENT, 2021–2027 (MILLION UNITS)    269
TABLE 272    IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN
NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)    269
TABLE 273    IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN
NORTH AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)    270
TABLE 274    IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN LATIN AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)    270
TABLE 275    IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN LATIN AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)    270
TABLE 276    IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN EUROPE,
BY COUNTRY, 2017–2020 (USD MILLION)    271
TABLE 277    IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN EUROPE,
BY COUNTRY, 2021–2027 (USD MILLION)    271
TABLE 278    IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN APAC,
BY COUNTRY, 2017–2020 (USD MILLION)    271
TABLE 279    IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN APAC,
BY COUNTRY, 2021–2027 (USD MILLION)    272
TABLE 280    IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN ROW,
BY REGION, 2017–2020 (USD MILLION)    272
TABLE 281    IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN ROW,
BY REGION, 2021–2027 (USD MILLION)    272
11    GEOGRAPHIC ANALYSIS    273
11.1    INTRODUCTION    274
TABLE 282    IOT TECHNOLOGY MARKET, BY GEOGRAPHY, 2017–2020 (USD BILLION)    274
TABLE 283    IOT TECHNOLOGY MARKET, BY GEOGRAPHY, 2021–2027 (USD BILLION)    274
TABLE 284    IOT TECHNOLOGY MARKET, BY GEOGRAPHY, 2017–2020 (MILLION UNITS)    275
TABLE 285    IOT TECHNOLOGY MARKET, BY GEOGRAPHY, 2021–2027 (MILLION UNITS)    275
11.2    NORTH AMERICA    276
FIGURE 48    SNAPSHOT: IOT TECHNOLOGY MARKET IN NORTH AMERICA    276
TABLE 286    IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY COUNTRY,
2017–2020 (USD MILLION)    277
TABLE 287    IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY COUNTRY,
2021–2027 (USD MILLION)    277
TABLE 288    IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY END-USE APPLICATION, 2017–2020 (USD MILLION)    277
TABLE 289    IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY END-USE APPLICATION, 2021–2027 (USD MILLION)    277
TABLE 290    IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY END-USE APPLICATION, 2017–2020 (MILLION UNITS)    278
TABLE 291    IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY END-USE APPLICATION, 2021–2027 (MILLION UNITS)    278
TABLE 292    IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY INDUSTRIAL APPLICATION, 2017–2020 (USD MILLION)    278
TABLE 293    IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY INDUSTRIAL APPLICATION, 2021–2027 (USD MILLION)    279
TABLE 294    IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY INDUSTRIAL APPLICATION, 2017–2020 (MILLION UNITS)    279
TABLE 295    IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY INDUSTRIAL APPLICATION, 2021–2027 (MILLION UNITS)    280
TABLE 296    IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY CONSUMER APPLICATION, 2017–2020 (USD MILLION)    280
TABLE 297    IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY CONSUMER APPLICATION, 2021–2027 (USD MILLION)    280
TABLE 298    IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY CONSUMER APPLICATION, 2017–2020 (MILLION UNITS)    281
TABLE 299    IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY CONSUMER APPLICATION, 2021–2027 (MILLION UNITS)    281
11.2.1    IMPACT OF COVID-19 ON IOT TECHNOLOGY MARKET IN NORTH AMERICA    281
FIGURE 49    IOT TECHNOLOGY MARKET IN NORTH AMERICA: ANALYSIS OF
PRE- AND POST-COVID-19 SCENARIOS    282
11.2.2    US    282
11.2.2.1    Presence of leading IoT companies in US to continue to drive growth of IoT technology market    282
11.2.3    CANADA    283
11.2.3.1    IoT adoption by small and medium enterprises to market growth in Canada    283
11.3    LATIN AMERICA    284
FIGURE 50    SNAPSHOT: IOT TECHNOLOGY MARKET IN LATIN AMERICA    284
TABLE 300    IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY COUNTRY,
2017–2020 (USD MILLION)    284
TABLE 301    IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY COUNTRY,
2021–2027 (USD MILLION)    285
TABLE 302    IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY END-USE APPLICATION, 2017–2020 (USD MILLION)    285
TABLE 303    IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY END-USE APPLICATION, 2021–2027 (USD MILLION)    285
TABLE 304    IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY END-USE APPLICATION, 2017–2020 (MILLION UNITS)    285
TABLE 305    IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY END-USE APPLICATION, 2021–2027 (MILLION UNITS)    286
TABLE 306    IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY INDUSTRIAL APPLICATION, 2017–2020 (USD MILLION)    286
TABLE 307    IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY INDUSTRIAL APPLICATION, 2021–2027 (USD MILLION)    286
TABLE 308    IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY INDUSTRIAL APPLICATION, 2017–2020 (MILLION UNITS)    287
TABLE 309    IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY INDUSTRIAL APPLICATION, 2021–2027 (MILLION UNITS)    287
TABLE 310    IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY CONSUMER APPLICATION, 2017–2020 (USD MILLION)    287
TABLE 311    IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY CONSUMER APPLICATION, 2021–2027 (USD MILLION)    288
TABLE 312    IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY CONSUMER APPLICATION, 2017–2020 (MILLION UNITS)    288
TABLE 313    IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY CONSUMER APPLICATION, 2021–2027 (MILLION UNITS)    288
11.3.1    IMPACT OF COVID-19 ON IOT TECHNOLOGY MARKET IN LATIN AMERICA    288
FIGURE 51    IOT TECHNOLOGY MARKET IN LATIN AMERICA: ANALYSIS OF PRE- AND
POST-COVID-19 SCENARIOS    289
11.3.2    MEXICO    289
11.3.2.1    Growing penetration of IoT in telecommunications industry to propel market growth in Mexico    289
11.3.3    BRAZIL    290
11.3.3.1    Government funding for IoT implementation is driving market growth in Brazil    290
11.3.4    COLOMBIA    290
11.3.4.1    Reforms in manufacturing, construction, agriculture, and banking industries drives growth market in Colombia    290
11.3.5    REST OF LATIN AMERICA    290
11.4    EUROPE    291
FIGURE 52    SNAPSHOT: IOT TECHNOLOGY MARKET IN EUROPE    291
TABLE 314    IOT TECHNOLOGY MARKET IN EUROPE, BY COUNTRY,
2017–2020 (USD MILLION)    292
TABLE 315    IOT TECHNOLOGY MARKET IN EUROPE, BY COUNTRY,
2021–2027 (USD MILLION)    292
TABLE 316    IOT TECHNOLOGY MARKET IN EUROPE, BY END-USE APPLICATION,
2017–2020 (USD MILLION)    292
TABLE 317    IOT TECHNOLOGY MARKET IN EUROPE, BY END-USE APPLICATION,
2021–2027 (USD MILLION)    292
TABLE 318    IOT TECHNOLOGY MARKET IN EUROPE, BY END-USE APPLICATION,
2017–2020 (MILLION UNITS)    293
TABLE 319    IOT TECHNOLOGY MARKET IN EUROPE, BY END-USE APPLICATION,
2021–2027 (MILLION UNITS)    293
TABLE 320    IOT TECHNOLOGY MARKET IN EUROPE, BY INDUSTRIAL APPLICATION,
2017–2020 (USD MILLION)    293
TABLE 321    IOT TECHNOLOGY MARKET IN EUROPE, BY INDUSTRIAL APPLICATION,
2021–2027 (USD MILLION)    294
TABLE 322    IOT TECHNOLOGY MARKET IN EUROPE, BY INDUSTRIAL APPLICATION,
2017–2020 (MILLION UNITS)    294
TABLE 323    IOT TECHNOLOGY MARKET IN EUROPE, BY INDUSTRIAL APPLICATION,
2021–2027 (MILLION UNITS)    295
TABLE 324    IOT TECHNOLOGY MARKET IN EUROPE, BY CONSUMER APPLICATION,
2017–2020 (USD MILLION)    295
TABLE 325    IOT TECHNOLOGY MARKET IN EUROPE, BY CONSUMER APPLICATION,
2021–2027 (USD MILLION)    295
TABLE 326    IOT TECHNOLOGY MARKET IN EUROPE, BY CONSUMER APPLICATION,
2017–2020 (MILLION UNITS)    296
TABLE 327    IOT TECHNOLOGY MARKET IN EUROPE, BY CONSUMER APPLICATION,
2021–2027 (MILLION UNITS)    296
11.4.1    IMPACT OF COVID-19 ON IOT TECHNOLOGY MARKET IN EUROPE    296
FIGURE 53    IOT TECHNOLOGY MARKET IN EUROPE: ANALYSIS OF PRE- AND
POST-COVID-19 SCENARIOS    297
11.4.2    UK    297
11.4.2.1    Industrial revolution in UK is driving market growth    297
11.4.3    GERMANY    298
11.4.3.1    Adoption of Industry 4.0 principles has created opportunity for market growth    298
11.4.4    FRANCE    298
11.4.4.1    Increased investment in R&D to modernize industrial sector is fueling market growth    298
11.4.5    REST OF EUROPE    298
11.5    APAC    299
FIGURE 54    SNAPSHOT: IOT TECHNOLOGY MARKET IN APAC    299
TABLE 328    IOT TECHNOLOGY MARKET IN APAC, BY COUNTRY,
2017–2020 (USD MILLION)    300
TABLE 329    IOT TECHNOLOGY MARKET IN APAC, BY COUNTRY,
2021–2027 (USD MILLION)    300
TABLE 330    IOT TECHNOLOGY MARKET IN APAC, BY END-USE APPLICATION,
2017–2020 (USD MILLION)    300
TABLE 331    IOT TECHNOLOGY MARKET IN APAC, BY END-USE APPLICATION,
2021–2027 (USD MILLION)    300
TABLE 332    IOT TECHNOLOGY MARKET IN APAC, BY END-USE APPLICATION,
2017–2020 (MILLION UNITS)    301
TABLE 333    IOT TECHNOLOGY MARKET IN APAC, BY END-USE APPLICATION,
2021–2027 (MILLION UNITS)    301
TABLE 334    IOT TECHNOLOGY MARKET IN APAC, BY INDUSTRIAL APPLICATION,
2017–2020 (USD MILLION)    301
TABLE 335    IOT TECHNOLOGY MARKET IN APAC, BY INDUSTRIAL APPLICATION,
2021–2027 (USD MILLION)    302
TABLE 336    IOT TECHNOLOGY MARKET IN APAC, BY INDUSTRIAL APPLICATION,
2017–2020 (MILLION UNITS)    302
TABLE 337    IOT TECHNOLOGY MARKET IN APAC, BY INDUSTRIAL APPLICATION,
2021–2027 (MILLION UNITS)    303
TABLE 338    IOT TECHNOLOGY MARKET IN APAC, BY CONSUMER APPLICATION,
2017–2020 (USD MILLION)    303
TABLE 339    IOT TECHNOLOGY MARKET IN APAC, BY CONSUMER APPLICATION,
 2021–2027 (USD MILLION)    303
TABLE 340    IOT TECHNOLOGY MARKET IN APAC, BY CONSUMER APPLICATION,
2017–2020 (MILLION UNITS)    304
TABLE 341    IOT TECHNOLOGY MARKET IN APAC, BY CONSUMER APPLICATION,
2021–2027 (MILLION UNITS)    304
11.5.1    IMPACT OF COVID-19 ON IOT TECHNOLOGY MARKET IN APAC    304
FIGURE 55    IOT TECHNOLOGY MARKET IN APAC: ANALYSIS OF PRE- AND
POST-COVID-19 SCENARIOS    305
11.5.2    CHINA    305
11.5.2.1    Government support for R&D of IoT-based solutions to favor market growth    305
11.5.3    JAPAN    306
11.5.3.1    Large-scale adoption of IoT iny telecom industry to spur market growth in Japan    306
11.5.4    SOUTH KOREA    306
11.5.4.1    5G deployment to catalyze market growth in South Korea    306
11.5.5    REST OF APAC    306

11.6    ROW    307
FIGURE 56    SNAPSHOT: IOT TECHNOLOGY MARKET IN ROW    307
TABLE 342    IOT TECHNOLOGY MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)    307
TABLE 343    IOT TECHNOLOGY MARKET IN ROW, BY REGION, 2021–2027 (USD MILLION)    308
TABLE 344    IOT TECHNOLOGY MARKET IN ROW, BY END-USE APPLICATION,
2017–2020 (USD MILLION)    308
TABLE 345    IOT TECHNOLOGY MARKET IN ROW, BY END-USE APPLICATION,
2021–2027 (USD MILLION)    308
TABLE 346    IOT TECHNOLOGY MARKET IN ROW, BY END-USE APPLICATION,
2017–2020 (MILLION UNITS)    308
TABLE 347    IOT TECHNOLOGY MARKET IN ROW, BY END-USE APPLICATION,
2021–2027 (MILLION UNITS)    309
TABLE 348    IOT TECHNOLOGY MARKET IN ROW, BY INDUSTRIAL APPLICATION,
2017–2020 (USD MILLION)    309
TABLE 349    IOT TECHNOLOGY MARKET IN ROW, BY INDUSTRIAL APPLICATION,
2021–2027 (USD MILLION)    309
TABLE 350    IOT TECHNOLOGY MARKET IN ROW, BY INDUSTRIAL APPLICATION,
 2017–2020 (MILLION UNITS)    310
TABLE 351    IOT TECHNOLOGY MARKET IN ROW, BY INDUSTRIAL APPLICATION,
2021–2027 (MILLION UNITS)    310
TABLE 352    IOT TECHNOLOGY MARKET IN ROW, BY CONSUMER APPLICATION,
 2017–2020 (USD MILLION)    310
TABLE 353    IOT TECHNOLOGY MARKET IN ROW, BY CONSUMER APPLICATION,
2021–2027 (USD MILLION)    311
TABLE 354    IOT TECHNOLOGY MARKET IN ROW, BY CONSUMER APPLICATION,
2017–2020 (MILLION UNITS)    311
TABLE 355    IOT TECHNOLOGY MARKET IN ROW, BY CONSUMER APPLICATION,
2021–2027 (MILLION UNITS)    311
11.6.1    IMPACT OF COVID-19 ON IOT TECHNOLOGY MARKET IN ROW    311
FIGURE 57    IOT TECHNOLOGY MARKET IN ROW: ANALYSIS OF PRE- AND
POST-COVID-19 SCENARIOS    312
11.6.2    MIDDLE EAST    312
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    312
11.6.3    AFRICA    313
11.6.3.1    The significant growth in mobile communication and increasing internet penetration in Africa are factors driving the market    313
12    COMPETITIVE LANDSCAPE    314
12.1    INTRODUCTION    314
12.2    KEY PLAYER STRATEGIES/RIGHT TO WIN    314
12.2.1    OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN IOT TECHNOLOGY MARKET    314
12.3    REVENUE ANALYSIS OF TOP PLAYERS    316
FIGURE 58    5-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN IOT TECHNOLOGY MARKET, 2016–2020    316
12.4    MARKET SHARE ANALYSIS OF KEY PLAYERS IN 2020    317
FIGURE 59    MARKET SHARE ANALYSIS OF KEY PLAYERS IN IOT NODE HARDWARE MARKET IN 2020    317
TABLE 356    IOT NODE HARDWARE MARKET: DEGREE OF COMPETITION    317
TABLE 357    IOT NODE HARDWARE MARKET: RANKING ANALYSIS    318
12.5    COMPANY EVALUATION QUADRANT, 2020    319
12.5.1    STAR    319
12.5.2    EMERGING LEADER    319
12.5.3    PERVASIVE    319
12.5.4    PARTICIPANT    319
FIGURE 60    IOT TECHNOLOGY MARKET (GLOBAL) COMPANY EVALUATION
QUADRANT, 2020    320
12.6    COMPETITIVE BENCHMARKING    321
12.6.1    COMPANY FOOTPRINT, BY END-USE APPLICATION    321
12.6.2    COMPANY FOOTPRINT, BY REGION    322
12.6.3    COMPANY FOOTPRINT    323
12.7    STARTUP/SME EVALUATION QUADRANT, 2020    324
12.7.1    PROGRESSIVE COMPANY    324
12.7.2    RESPONSIVE COMPANY    324
12.7.3    DYNAMIC COMPANY    324
12.7.4    STARTING BLOCK    324
FIGURE 61    IOT TECHNOLOGY MARKET (GLOBAL) STARTUP/SME
EVALUATION QUADRANT, 2020    325
12.8    COMPETITIVE SITUATIONS AND TRENDS    326
12.8.1    PRODUCT LAUNCHES/DEVELOPMENTS    326
TABLE 358    PRODUCT LAUNCHES/DEVELOPMENTS, 2019–2021    326
12.8.2    DEALS    328
TABLE 359    DEALS, 2019–2021    328
13    COMPANY PROFILES    332
13.1    INTRODUCTION    332
13.2    IMPACT OF COVID-19 ON PLAYERS OF INTERNET OF THINGS TECHNOLOGY MARKET    332
(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    333
13.3.1    INTEL CORPORATION    333
TABLE 360    INTEL CORPORATION: BUSINESS OVERVIEW    333
FIGURE 62    INTEL CORPORATION: COMPANY SNAPSHOT    334
TABLE 361    INTEL CORPORATION: PRODUCT LAUNCHES    337
TABLE 362    INTEL CORPORATION: DEALS    339
13.3.2    QUALCOMM TECHNOLOGIES    341
TABLE 363    QUALCOMM TECHNOLOGIES: BUSINESS OVERVIEW    341
FIGURE 63    QUALCOMM TECHNOLOGIES: COMPANY SNAPSHOT    342
TABLE 364    QUALCOMM TECHNOLOGIES: PRODUCT LAUNCHES    343
TABLE 365    QUALCOMM TECHNOLOGIES: DEALS    344
13.3.3    TEXAS INSTRUMENTS INCORPORATED    346
TABLE 366    TEXAS INSTRUMENTS INCORPORATED: BUSINESS OVERVIEW    346
FIGURE 64    TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT    347
TABLE 367    TEXAS INSTRUMENTS INCORPORATED: PRODUCT LAUNCHES    349
13.3.4    STMICROELECTRONICS    351
TABLE 368    STMICROELECTRONICS: BUSINESS OVERVIEW    351
FIGURE 65    STMICROELECTRONICS: COMPANY SNAPSHOT    352
TABLE 369    STMICROELECTRONICS: PRODUCT LAUNCHES & DEVELOPMENTS    354
TABLE 370    STMICROELECTRONICS: DEALS    355
13.3.5    IBM    358
TABLE 371    IBM: BUSINESS OVERVIEW    358
FIGURE 66    IBM: COMPANY SNAPSHOT    359
TABLE 372    IBM: PRODUCT LAUNCHES & DEVELOPMENTS    360
TABLE 373    IBM: DEALS    361
13.3.6    HEWLETT PACKARD ENTERPRISE (HPE)    363
TABLE 374    HEWLETT PACKARD ENTERPRISE: BUSINESS OVERVIEW    363
FIGURE 67    HEWLETT PACKARD ENTERPRISE: COMPANY SNAPSHOT    364
TABLE 375    HEWLETT PACKARD ENTERPRISE: DEALS    366
13.3.7    CISCO SYSTEMS    367
TABLE 376    CISCO SYSTEMS: BUSINESS OVERVIEW    367
FIGURE 68    CISCO SYSTEMS: COMPANY SNAPSHOT    368
TABLE 377    CISCO SYSTEMS: PRODUCT LAUNCHES    370
TABLE 378    CISCO SYSTEMS: DEALS    371
13.3.8    MICROSOFT CORPORATION    374
TABLE 379    MICROSOFT CORPORATION: BUSINESS OVERVIEW    374
FIGURE 69    MICROSOFT CORPORATION: COMPANY SNAPSHOT    375
TABLE 380    MICROSOFT CORPORATION: DEALS    376
13.3.9    PTC    379
TABLE 381    PTC: BUSINESS OVERVIEW    379
FIGURE 70    PTC: COMPANY SNAPSHOT    380
TABLE 382    PTC: PRODUCT LAUNCHES & DEVELOPMENTS    381
TABLE 383    PTC: DEALS    381
13.3.10    AMAZON WEB SERVICES (AWS)    383
TABLE 384    AMAZON WEB SERVICES: BUSINESS OVERVIEW    383
TABLE 385    AMAZON WEB SERVICES: PRODUCT LAUNCHES & PRODUCT DEVELOPMENTS    384
TABLE 386    AMAZON WEB SERVICES: DEALS    385
13.4    OTHER PLAYERS    386
13.4.1    GENERAL ELECTRIC (GE)    386
13.4.2    SOFTEQ DEVELOPMENT CORPORATION    387
13.4.3    SCIENCESOFT    388
13.4.4    ORACLE CORPORATION    389
13.4.5    SIEMENS    390
13.4.6    SAP    390
13.4.7    BOSCH    391
13.4.8    HUAWEI TECHNOLOGIES CO., LTD.    392
13.4.9    SCHNEIDER ELECTRIC    393
13.4.10    ARM LIMITED    394
13.4.11    NXP SEMICONDUCTORS N.V.    395
13.4.12    TE CONNECTIVITY LTD.    396
13.4.13    SOFTWARE AG    397
13.4.14    MICROCHIP TECHNOLOGY INC.    397
13.4.15    VATES    399
*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    400
14.1    DISCUSSION GUIDE    400
14.2    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    403
14.3    AVAILABLE CUSTOMIZATIONS    405
14.4    RELATED REPORTS    405
14.5    AUTHOR DETAILS    406"
 

List of Tables

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10.2.6 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI) 221
10.2.6.1 Adoption of mPOS and kiosks is driving market growth 221
FIGURE 45 KEY APPLICATION AREAS OF IOT IN BFSI END-USE APPLICATION 221
10.2.6.2 BFSI application: Products covered 221
10.2.6.2.1 Mobile point of sale (mPOS) 221
10.2.6.2.2 Smart kiosk/Interactive kiosk 221
10.2.6.2.3 Gateways 222
TABLE 170 IOT TECHNOLOGY MARKET FOR BFSI, BY TYPE, 2017–2020 (USD MILLION) 222
TABLE 171 IOT TECHNOLOGY MARKET FOR BFSI, BY TYPE, 2021–2027 (USD MILLION) 222
TABLE 172 IOT TECHNOLOGY (ONLY NODE) MARKET FOR BFSI, BY TYPE 2017–2020 (MILLION UNITS) 222
TABLE 173 IOT TECHNOLOGY MARKET FOR BFSI, BY TYPE, 2017–2020 (MILLION UNITS) 223
TABLE 174 IOT TECHNOLOGY (ONLY NODE) MARKET FOR BFSI, BY TYPE 2021–2027 (MILLION UNITS) 223
TABLE 175 IOT TECHNOLOGY MARKET FOR BFSI, BY TYPE, 2021–2027 (MILLION UNITS) 223
TABLE 176 IOT TECHNOLOGY MARKET FOR BFSI, BY NODE COMPONENT 2017–2020 (THOUSAND UNITS) 224
TABLE 177 IOT TECHNOLOGY MARKET FOR BFSI, BY NODE COMPONENT 2021–2027 (THOUSAND UNITS) 224
TABLE 178 IOT TECHNOLOGY MARKET FOR BFSI IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION) 224
TABLE 179 IOT TECHNOLOGY MARKET FOR BFSI IN NORTH AMERICA, BY COUNTRY, 2021–2027 (USD MILLION) 225
TABLE 180 IOT TECHNOLOGY MARKET FOR BFSI IN LATIN AMERICA, BY COUNTRY 2017–2020 (USD MILLION) 225
TABLE 181 IOT TECHNOLOGY MARKET FOR BFSI IN LATIN AMERICA, BY COUNTRY 2021–2027 (USD MILLION) 226
TABLE 182 IOT TECHNOLOGY MARKET FOR BFSI IN EUROPE, BY COUNTRY 2017–2020 (USD MILLION) 226
TABLE 183 IOT TECHNOLOGY MARKET FOR BFSI IN EUROPE, BY COUNTRY 2021–2027 (USD MILLION) 226
TABLE 184 IOT TECHNOLOGY MARKET FOR BFSI IN APAC, BY COUNTRY 2017–2020 (USD MILLION) 227
TABLE 185 IOT TECHNOLOGY MARKET FOR BFSI IN APAC, BY COUNTRY 2021–2027 (USD MILLION) 227
TABLE 186 IOT TECHNOLOGY MARKET FOR BFSI IN ROW, BY REGION 2017–2020 (USD MILLION) 227
TABLE 187 IOT TECHNOLOGY MARKET FOR BFSI IN ROW, BY REGION 2021–2027 (USD MILLION) 228
10.2.7 OIL & GAS 228
10.2.7.1 Need for remote monitoring in operations of oil & gas industry is propelling market growth 228
10.2.7.2 Oil & gas application: Products covered 228
10.2.7.2.1 Temperature sensors 228
10.2.7.2.2 Pressure sensors 228
10.2.7.2.3 Level sensors 228
10.2.7.2.4 Flow sensors 229
10.2.7.2.5 Image sensors 229
10.2.7.2.6 Other sensors (humidity sensors, motion & position sensors, and chemical & gas sensors) 229
10.2.7.2.7 Gateways 229
TABLE 188 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY TYPE 2017–2020 (USD THOUSAND) 229
TABLE 189 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY TYPE 2021–2027 (USD THOUSAND) 230
TABLE 190 IOT TECHNOLOGY (ONLY NODE) MARKET FOR OIL & GAS, BY SENSOR TYPE, 2017–2020 (THOUSAND UNITS) 230
TABLE 191 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY SENSOR TYPE 2017–2020 (THOUSAND UNITS) 231
TABLE 192 IOT TECHNOLOGY (ONLY NODE) MARKET FOR OIL & GAS, BY SENSOR TYPE, 2021–2027 (THOUSAND UNITS) 231
TABLE 193 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY SENSOR TYPE 2021–2027 (THOUSAND UNITS) 231
TABLE 194 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY NODE COMPONENT 2017–2020 (MILLION UNITS) 232
TABLE 195 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY NODE COMPONENT 2021–2027 (MILLION UNITS) 232
TABLE 196 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY CONNECTIVITY TECHNOLOGY, 2017–2020 (MILLION UNITS) 232
TABLE 197 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY CONNECTIVITY TECHNOLOGY, 2021–2027 (MILLION UNITS) 233
TABLE 198 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY WIRED CONNECTIVITY 2017–2020 (THOUSAND UNITS) 233
TABLE 199 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY WIRED CONNECTIVITY 2021–2027 (THOUSAND UNITS) 233
TABLE 200 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY WIRELESS CONNECTIVITY, 2017–2020 (THOUSAND UNITS) 234
TABLE 201 IOT TECHNOLOGY MARKET FOR OIL & GAS, BY WIRELESS CONNECTIVITY, 2021–2027 (THOUSAND UNITS) 234
TABLE 202 IOT TECHNOLOGY MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION) 235
TABLE 203 IOT TECHNOLOGY MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2021–2027 (USD MILLION) 235
TABLE 204 IOT TECHNOLOGY MARKET FOR OIL & GAS IN LATIN AMERICA, BY COUNTRY, 2017–2020 (USD MILLION) 235
TABLE 205 IOT TECHNOLOGY MARKET FOR OIL & GAS IN LATIN AMERICA, BY COUNTRY, 2021–2027 (USD MILLION) 236
TABLE 206 IOT TECHNOLOGY MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY 2017–2020 (USD MILLION) 236
TABLE 207 IOT TECHNOLOGY MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY 2021–2027 (USD MILLION) 236
TABLE 208 IOT TECHNOLOGY MARKET FOR OIL & GAS IN APAC, BY COUNTRY 2017–2020 (USD MILLION) 237
TABLE 209 IOT TECHNOLOGY MARKET FOR OIL & GAS IN APAC, BY COUNTRY 2021–2027 (USD MILLION) 237
TABLE 210 IOT TECHNOLOGY MARKET FOR OIL & GAS IN ROW, BY REGION 2017–2020 (USD MILLION) 237
TABLE 211 IOT TECHNOLOGY MARKET FOR OIL & GAS IN ROW, BY REGION 2021–2027 (USD MILLION) 238
10.2.8 AGRICULTURE 238
10.2.8.1 Increasing global demand for food and adoption of smart farming practices is driving market growth 238
FIGURE 46 IOT IN AGRICULTURE 238
10.2.8.2 Agriculture application: Products covered 239
10.2.8.2.1 Climate sensors 239
10.2.8.2.2 Soil moisture sensors 239
10.2.8.2.3 Level sensors 239
10.2.8.2.4 Gateways 239
TABLE 212 IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY TYPE 2017–2020 (USD MILLION) 239
TABLE 213 IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY TYPE 2021–2027 (USD MILLION) 240
TABLE 214 IOT TECHNOLOGY (ONLY NODE) MARKET FOR AGRICULTURE, BY SENSOR TYPE, 2017–2020 (THOUSAND UNITS) 240
TABLE 215 IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY DEVICE TYPE 2017–2020 (THOUSAND UNITS) 240
TABLE 216 IOT TECHNOLOGY (ONLY NODE) MARKET FOR AGRICULTURE, BY SENSOR TYPE, 2021–2027 (THOUSAND UNITS) 241
TABLE 217 IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY DEVICE TYPE 2021–2027 (THOUSAND UNITS) 241
TABLE 218 IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY NODE COMPONENT, 2017–2020 (THOUSAND UNITS) 241
TABLE 219 IOT TECHNOLOGY MARKET FOR AGRICULTURE, BY NODE COMPONENT, 2021–2027 (THOUSAND UNITS) 242
TABLE 220 IOT TECHNOLOGY MARKET FOR AGRICULTURE IN NORTH AMERICA BY COUNTRY, 2017–2020 (USD THOUSAND) 242
TABLE 221 IOT TECHNOLOGY MARKET FOR AGRICULTURE IN NORTH AMERICA BY COUNTRY, 2021–2027 (USD THOUSAND) 242
TABLE 222 IOT TECHNOLOGY MARKET FOR AGRICULTURE IN LATIN AMERICA BY COUNTRY, 2017–2020 (USD THOUSAND) 243
TABLE 223 IOT TECHNOLOGY MARKET FOR AGRICULTURE IN LATIN AMERICA BY COUNTRY, 2021–2027 (USD THOUSAND) 243
TABLE 224 IOT TECHNOLOGY MARKET FOR AGRICULTURE IN EUROPE, BY COUNTRY, 2017–2020 (USD THOUSAND) 244
TABLE 225 IOT TECHNOLOGY MARKET FOR AGRICULTURE IN EUROPE, BY COUNTRY, 2021–2027 (USD THOUSAND) 244
TABLE 226 IOT TECHNOLOGY MARKET FOR AGRICULTURE IN APAC, BY COUNTRY 2017–2020 (USD THOUSAND) 245
TABLE 227 IOT TECHNOLOGY MARKET FOR AGRICULTURE IN APAC, BY COUNTRY 2021–2027 (USD THOUSAND) 245
TABLE 228 IOT TECHNOLOGY MARKET FOR AGRICULTURE IN ROW, BY REGION 2017–2020 (USD THOUSAND) 245
TABLE 229 IOT TECHNOLOGY MARKET FOR AGRICULTURE IN ROW, BY REGION 2021–2027 (USD THOUSAND) 246
10.2.9 AEROSPACE AND DEFENSE 246
10.2.9.1 Focus in improving efficiency, passenger safety, security, and experience is boosting IoT adoption in aerospace and defense 246
10.2.9.2 Aerospace and defense application: Products covered 246
10.2.9.2.1 Smart baggage tags 246
10.2.9.2.2 Smart beacons 246
10.2.9.2.3 ePassport gates 247
10.2.9.2.4 Drones/Unmanned aerial vehicle (UAV) 247
10.2.9.2.5 Gateways 247
TABLE 230 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY TYPE 2017–2020 (USD MILLION) 247
TABLE 231 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY TYPE 2021–2027 (USD MILLION) 248
TABLE 232 IOT TECHNOLOGY (ONLY NODE) MARKET FOR AEROSPACE & DEFENSE BY TYPE, 2017–2020 (THOUSAND UNITS) 248
TABLE 233 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY TYPE,
2017–2020 (THOUSAND UNITS) 248
TABLE 234 IOT TECHNOLOGY (ONLY NODE) MARKET FOR AEROSPACE & DEFENSE BY TYPE, 2021–2027 (THOUSAND UNITS) 249
TABLE 235 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY TYPE 2021–2027 (THOUSAND UNITS) 249
TABLE 236 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY NODE COMPONENT, 2017–2020 (THOUSAND UNITS) 249
TABLE 237 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY NODE COMPONENT, 2021–2027 (THOUSAND UNITS) 250
TABLE 238 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION) 250
TABLE 239 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN NORTH AMERICA, BY COUNTRY, 2021–2027 (USD MILLION) 250
TABLE 240 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN LATIN AMERICA, BY COUNTRY, 2017–2020 (USD MILLION) 251
TABLE 241 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN LATIN AMERICA, BY COUNTRY, 2021–2027 (USD MILLION) 251
TABLE 242 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN EUROPE BY COUNTRY, 2017–2020 (USD MILLION) 251
TABLE 243 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN EUROPE BY COUNTRY, 2021–2027 (USD MILLION) 252
TABLE 244 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN APAC BY COUNTRY, 2017–2020 (USD MILLION) 252
TABLE 245 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN APAC BY COUNTRY, 2021–2027 (USD MILLION) 252
TABLE 246 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN ROW, BY REGION, 2017–2020 (USD MILLION) 253
TABLE 247 IOT TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN ROW, BY REGION, 2021–2027 (USD MILLION) 253
10.3 CONSUMER 253
10.3.1 WEARABLE DEVICES 253
10.3.1.1 Escalating demand for smart watches to catalyze wearable devices market growth 253
FIGURE 47 WEARABLE TECHNOLOGY – KEY APPLICATIONS 254
10.3.1.2 Wearable devices application: Products covered 254
10.3.1.2.1 Activity monitors 254
10.3.1.2.2 Smart watches 254
10.3.1.2.3 Smart glasses 254
10.3.1.2.4 Body-worn cameras 255
10.3.1.2.5 Panic/SOS buttons 255
10.3.1.2.6 Smart locators 255
10.3.1.2.7 Smart water purifiers 255
10.3.1.2.8 Identity authenticators 255
10.3.1.2.9 Thermal bracelets 255
10.3.1.2.10 Safe driving ingestible pills 255
TABLE 248 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES, BY TYPE 2017–2020 (USD MILLION) 256
TABLE 249 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES, BY TYPE 2021–2027 (USD MILLION) 256
TABLE 250 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES, BY TYPE 2017–2020 (MILLION UNITS) 257
TABLE 251 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES, BY TYPE 2021–2027 (MILLION UNITS) 257
TABLE 252 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES, BY NODE COMPONENT, 2017–2020 (MILLION UNITS) 258
TABLE 253 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES, BY NODE COMPONENT, 2021–2027 (MILLION UNITS) 258
TABLE 254 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN NORTH AMERICA BY COUNTRY, 2017–2020 (USD MILLION) 259
TABLE 255 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN NORTH AMERICA BY COUNTRY, 2021–2027 (USD MILLION) 259
TABLE 256 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN LATIN AMERICA BY COUNTRY, 2017–2020 (USD MILLION) 259
TABLE 257 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN LATIN AMERICA BY COUNTRY, 2021–2027 (USD MILLION) 260
TABLE 258 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN EUROPE BY COUNTRY, 2017–2020 (USD MILLION) 260
TABLE 259 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN EUROPE BY COUNTRY, 2021–2027 (USD MILLION) 260
TABLE 260 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN APAC, BY COUNTRY, 2017–2020 (USD MILLION) 261
TABLE 261 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN APAC, BY COUNTRY, 2021–2027 (USD MILLION) 261
TABLE 262 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN ROW, BY REGION, 2017–2020 (USD MILLION) 261
TABLE 263 IOT TECHNOLOGY MARKET FOR WEARABLE DEVICES IN ROW, BY REGION, 2021–2027 (USD MILLION) 262
10.3.2 CONSUMER ELECTRONICS 262
10.3.2.1 Growing demand for smart televisions and smart washing machines to support growth of consumer electronics segment 262
10.3.2.2 Consumer electronics application: Products covered 262
10.3.2.2.1 Smart lighting 262
10.3.2.2.2 Smart TV 263
10.3.2.2.3 Smart washing machine 263
10.3.2.2.4 Smart dryer 263
10.3.2.2.5 Smart refrigerator 263
10.3.2.2.6 Smart oven 263
10.3.2.2.7 Smart cooktop 264
10.3.2.2.8 Smart cooker 264
10.3.2.2.9 Smart deep freezer 264
10.3.2.2.10 Smart dishwasher 264
10.3.2.2.11 Smart coffee maker 264
10.3.2.2.12 Smart Kettle 265
10.3.2.2.13 Gateways 265
TABLE 264 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS, BY TYPE 2017–2020 (USD MILLION) 265
TABLE 265 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS, BY TYPE 2021–2027 (USD MILLION) 266
TABLE 266 IOT TECHNOLOGY (ONLY NODE) MARKET FOR CONSUMER ELECTRONICS BY TYPE, 2017–2020 (THOUSAND UNITS) 267
TABLE 267 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS, BY TYPE 2017–2020 (THOUSAND UNITS) 267
TABLE 268 IOT TECHNOLOGY (ONLY NODE) MARKET FOR CONSUMER ELECTRONICS BY TYPE, 2021–2027 (THOUSAND UNITS) 268
TABLE 269 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS, BY TYPE 2021–2027 (THOUSAND UNITS) 268
TABLE 270 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS, BY NODE COMPONENT, 2017–2020 (MILLION UNITS) 269
TABLE 271 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS, BY NODE COMPONENT, 2021–2027 (MILLION UNITS) 269
TABLE 272 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN
NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION) 269
TABLE 273 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN
NORTH AMERICA, BY COUNTRY, 2021–2027 (USD MILLION) 270
TABLE 274 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN LATIN AMERICA, BY COUNTRY, 2017–2020 (USD MILLION) 270
TABLE 275 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN LATIN AMERICA, BY COUNTRY, 2021–2027 (USD MILLION) 270
TABLE 276 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN EUROPE BY COUNTRY, 2017–2020 (USD MILLION) 271
TABLE 277 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN EUROPE BY COUNTRY, 2021–2027 (USD MILLION) 271
TABLE 278 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN APAC BY COUNTRY, 2017–2020 (USD MILLION) 271
TABLE 279 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN APAC BY COUNTRY, 2021–2027 (USD MILLION) 272
TABLE 280 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN ROW BY REGION, 2017–2020 (USD MILLION) 272
TABLE 281 IOT TECHNOLOGY MARKET FOR CONSUMER ELECTRONICS IN ROW BY REGION, 2021–2027 (USD MILLION) 272
11 GEOGRAPHIC ANALYSIS 273
11.1 INTRODUCTION 274
TABLE 282 IOT TECHNOLOGY MARKET, BY GEOGRAPHY, 2017–2020 (USD BILLION) 274
TABLE 283 IOT TECHNOLOGY MARKET, BY GEOGRAPHY, 2021–2027 (USD BILLION) 274
TABLE 284 IOT TECHNOLOGY MARKET, BY GEOGRAPHY, 2017–2020 (MILLION UNITS) 275
TABLE 285 IOT TECHNOLOGY MARKET, BY GEOGRAPHY, 2021–2027 (MILLION UNITS) 275
11.2 NORTH AMERICA 276
FIGURE 48 SNAPSHOT: IOT TECHNOLOGY MARKET IN NORTH AMERICA 276
TABLE 286 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY COUNTRY 2017–2020 (USD MILLION) 277
TABLE 287 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY COUNTRY 2021–2027 (USD MILLION) 277
TABLE 288 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY END-USE APPLICATION, 2017–2020 (USD MILLION) 277
TABLE 289 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY END-USE APPLICATION, 2021–2027 (USD MILLION) 277
TABLE 290 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY END-USE APPLICATION, 2017–2020 (MILLION UNITS) 278
TABLE 291 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY END-USE APPLICATION, 2021–2027 (MILLION UNITS) 278
TABLE 292 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY INDUSTRIAL APPLICATION, 2017–2020 (USD MILLION) 278
TABLE 293 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY INDUSTRIAL APPLICATION, 2021–2027 (USD MILLION) 279
TABLE 294 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY INDUSTRIAL APPLICATION, 2017–2020 (MILLION UNITS) 279
TABLE 295 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY INDUSTRIAL APPLICATION, 2021–2027 (MILLION UNITS) 280
TABLE 296 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY CONSUMER APPLICATION, 2017–2020 (USD MILLION) 280
TABLE 297 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY CONSUMER APPLICATION, 2021–2027 (USD MILLION) 280
TABLE 298 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY CONSUMER APPLICATION, 2017–2020 (MILLION UNITS) 281
TABLE 299 IOT TECHNOLOGY MARKET IN NORTH AMERICA, BY CONSUMER APPLICATION, 2021–2027 (MILLION UNITS) 281
11.2.1 IMPACT OF COVID-19 ON IOT TECHNOLOGY MARKET IN NORTH AMERICA 281
FIGURE 49 IOT TECHNOLOGY MARKET IN NORTH AMERICA: ANALYSIS OF
PRE- AND POST-COVID-19 SCENARIOS 282
11.2.2 US 282
11.2.2.1 Presence of leading IoT companies in US to continue to drive growth of IoT technology market 282
11.2.3 CANADA 283
11.2.3.1 IoT adoption by small and medium enterprises to market growth in Canada 283
11.3 LATIN AMERICA 284
FIGURE 50 SNAPSHOT: IOT TECHNOLOGY MARKET IN LATIN AMERICA 284
TABLE 300 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY COUNTRY 2017–2020 (USD MILLION) 284
TABLE 301 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY COUNTRY 2021–2027 (USD MILLION) 285
TABLE 302 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY END-USE APPLICATION, 2017–2020 (USD MILLION) 285
TABLE 303 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY END-USE APPLICATION, 2021–2027 (USD MILLION) 285
TABLE 304 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY END-USE APPLICATION, 2017–2020 (MILLION UNITS) 285
TABLE 305 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY END-USE APPLICATION, 2021–2027 (MILLION UNITS) 286
TABLE 306 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY INDUSTRIAL APPLICATION, 2017–2020 (USD MILLION) 286
TABLE 307 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY INDUSTRIAL APPLICATION, 2021–2027 (USD MILLION) 286
TABLE 308 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY INDUSTRIAL APPLICATION, 2017–2020 (MILLION UNITS) 287
TABLE 309 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY INDUSTRIAL APPLICATION, 2021–2027 (MILLION UNITS) 287
TABLE 310 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY CONSUMER APPLICATION, 2017–2020 (USD MILLION) 287
TABLE 311 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY CONSUMER APPLICATION, 2021–2027 (USD MILLION) 288
TABLE 312 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY CONSUMER APPLICATION, 2017–2020 (MILLION UNITS) 288
TABLE 313 IOT TECHNOLOGY MARKET IN LATIN AMERICA, BY CONSUMER APPLICATION, 2021–2027 (MILLION UNITS) 288
11.3.1 IMPACT OF COVID-19 ON IOT TECHNOLOGY MARKET IN LATIN AMERICA 288
FIGURE 51 IOT TECHNOLOGY MARKET IN LATIN AMERICA: ANALYSIS OF PRE- AND
POST-COVID-19 SCENARIOS 289
11.3.2 MEXICO 289
11.3.2.1 Growing penetration of IoT in telecommunications industry to propel market growth in Mexico 289
11.3.3 BRAZIL 290
11.3.3.1 Government funding for IoT implementation is driving market growth in Brazil 290
11.3.4 COLOMBIA 290
11.3.4.1 Reforms in manufacturing, construction, agriculture, and banking industries drives growth market in Colombia 290
11.3.5 REST OF LATIN AMERICA 290
11.4 EUROPE 291
FIGURE 52 SNAPSHOT: IOT TECHNOLOGY MARKET IN EUROPE 291
TABLE 314 IOT TECHNOLOGY MARKET IN EUROPE, BY COUNTRY 2017–2020 (USD MILLION) 292
TABLE 315 IOT TECHNOLOGY MARKET IN EUROPE, BY COUNTRY 2021–2027 (USD MILLION) 292
TABLE 316 IOT TECHNOLOGY MARKET IN EUROPE, BY END-USE APPLICATION 2017–2020 (USD MILLION) 292
TABLE 317 IOT TECHNOLOGY MARKET IN EUROPE, BY END-USE APPLICATION 2021–2027 (USD MILLION) 292
TABLE 318 IOT TECHNOLOGY MARKET IN EUROPE, BY END-USE APPLICATION 2017–2020 (MILLION UNITS) 293
TABLE 319 IOT TECHNOLOGY MARKET IN EUROPE, BY END-USE APPLICATION 2021–2027 (MILLION UNITS) 293
TABLE 320 IOT TECHNOLOGY MARKET IN EUROPE, BY INDUSTRIAL APPLICATION 2017–2020 (USD MILLION) 293
TABLE 321 IOT TECHNOLOGY MARKET IN EUROPE, BY INDUSTRIAL APPLICATION 2021–2027 (USD MILLION) 294
TABLE 322 IOT TECHNOLOGY MARKET IN EUROPE, BY INDUSTRIAL APPLICATION 2017–2020 (MILLION UNITS) 294
TABLE 323 IOT TECHNOLOGY MARKET IN EUROPE, BY INDUSTRIAL APPLICATION 2021–2027 (MILLION UNITS) 295
TABLE 324 IOT TECHNOLOGY MARKET IN EUROPE, BY CONSUMER APPLICATION 2017–2020 (USD MILLION) 295
TABLE 325 IOT TECHNOLOGY MARKET IN EUROPE, BY CONSUMER APPLICATION 2021–2027 (USD MILLION) 295
TABLE 326 IOT TECHNOLOGY MARKET IN EUROPE, BY CONSUMER APPLICATION 2017–2020 (MILLION UNITS) 296
TABLE 327 IOT TECHNOLOGY MARKET IN EUROPE, BY CONSUMER APPLICATION 2021–2027 (MILLION UNITS) 296
11.4.1 IMPACT OF COVID-19 ON IOT TECHNOLOGY MARKET IN EUROPE 296
FIGURE 53 IOT TECHNOLOGY MARKET IN EUROPE: ANALYSIS OF PRE- AND
POST-COVID-19 SCENARIOS 297
11.4.2 UK 297
11.4.2.1 Industrial revolution in UK is driving market growth 297
11.4.3 GERMANY 298
11.4.3.1 Adoption of Industry 4.0 principles has created opportunity for market growth 298
11.4.4 FRANCE 298
11.4.4.1 Increased investment in R&D to modernize industrial sector is fueling market growth 298
11.4.5 REST OF EUROPE 298
11.5 APAC 299
FIGURE 54 SNAPSHOT: IOT TECHNOLOGY MARKET IN APAC 299
TABLE 328 IOT TECHNOLOGY MARKET IN APAC, BY COUNTRY 2017–2020 (USD MILLION) 300
TABLE 329 IOT TECHNOLOGY MARKET IN APAC, BY COUNTRY 2021–2027 (USD MILLION) 300
TABLE 330 IOT TECHNOLOGY MARKET IN APAC, BY END-USE APPLICATION 2017–2020 (USD MILLION) 300
TABLE 331 IOT TECHNOLOGY MARKET IN APAC, BY END-USE APPLICATION 2021–2027 (USD MILLION) 300
TABLE 332 IOT TECHNOLOGY MARKET IN APAC, BY END-USE APPLICATION 2017–2020 (MILLION UNITS) 301
TABLE 333 IOT TECHNOLOGY MARKET IN APAC, BY END-USE APPLICATION 2021–2027 (MILLION UNITS) 301
TABLE 334 IOT TECHNOLOGY MARKET IN APAC, BY INDUSTRIAL APPLICATION 2017–2020 (USD MILLION) 301
TABLE 335 IOT TECHNOLOGY MARKET IN APAC, BY INDUSTRIAL APPLICATION 2021–2027 (USD MILLION) 302
TABLE 336 IOT TECHNOLOGY MARKET IN APAC, BY INDUSTRIAL APPLICATION 2017–2020 (MILLION UNITS) 302
TABLE 337 IOT TECHNOLOGY MARKET IN APAC, BY INDUSTRIAL APPLICATION 2021–2027 (MILLION UNITS) 303
TABLE 338 IOT TECHNOLOGY MARKET IN APAC, BY CONSUMER APPLICATION 2017–2020 (USD MILLION) 303
TABLE 339 IOT TECHNOLOGY MARKET IN APAC, BY CONSUMER APPLICATION 2021–2027 (USD MILLION) 303
TABLE 340 IOT TECHNOLOGY MARKET IN APAC, BY CONSUMER APPLICATION 2017–2020 (MILLION UNITS) 304
TABLE 341 IOT TECHNOLOGY MARKET IN APAC, BY CONSUMER APPLICATION 2021–2027 (MILLION UNITS) 304
11.5.1 IMPACT OF COVID-19 ON IOT TECHNOLOGY MARKET IN APAC 304
FIGURE 55 IOT TECHNOLOGY MARKET IN APAC: ANALYSIS OF PRE- AND
POST-COVID-19 SCENARIOS 305
11.5.2 CHINA 305
11.5.2.1 Government support for R&D of IoT-based solutions to favor market growth 305
11.5.3 JAPAN 306
11.5.3.1 Large-scale adoption of IoT iny telecom industry to spur market growth in Japan 306
11.5.4 SOUTH KOREA 306
11.5.4.1 5G deployment to catalyze market growth in South Korea 306
11.5.5 REST OF APAC 306
?
11.6 ROW 307
FIGURE 56 SNAPSHOT: IOT TECHNOLOGY MARKET IN ROW 307
TABLE 342 IOT TECHNOLOGY MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION) 307
TABLE 343 IOT TECHNOLOGY MARKET IN ROW, BY REGION, 2021–2027 (USD MILLION) 308
TABLE 344 IOT TECHNOLOGY MARKET IN ROW, BY END-USE APPLICATION 2017–2020 (USD MILLION) 308
TABLE 345 IOT TECHNOLOGY MARKET IN ROW, BY END-USE APPLICATION 2021–2027 (USD MILLION) 308
TABLE 346 IOT TECHNOLOGY MARKET IN ROW, BY END-USE APPLICATION 2017–2020 (MILLION UNITS) 308
TABLE 347 IOT TECHNOLOGY MARKET IN ROW, BY END-USE APPLICATION 2021–2027 (MILLION UNITS) 309
TABLE 348 IOT TECHNOLOGY MARKET IN ROW, BY INDUSTRIAL APPLICATION 2017–2020 (USD MILLION) 309
TABLE 349 IOT TECHNOLOGY MARKET IN ROW, BY INDUSTRIAL APPLICATION 2021–2027 (USD MILLION) 309
TABLE 350 IOT TECHNOLOGY MARKET IN ROW, BY INDUSTRIAL APPLICATION 2017–2020 (MILLION UNITS) 310
TABLE 351 IOT TECHNOLOGY MARKET IN ROW, BY INDUSTRIAL APPLICATION 2021–2027 (MILLION UNITS) 310
TABLE 352 IOT TECHNOLOGY MARKET IN ROW, BY CONSUMER APPLICATION 2017–2020 (USD MILLION) 310
TABLE 353 IOT TECHNOLOGY MARKET IN ROW, BY CONSUMER APPLICATION 2021–2027 (USD MILLION) 311
TABLE 354 IOT TECHNOLOGY MARKET IN ROW, BY CONSUMER APPLICATION 2017–2020 (MILLION UNITS) 311
TABLE 355 IOT TECHNOLOGY MARKET IN ROW, BY CONSUMER APPLICATION 2021–2027 (MILLION UNITS) 311
11.6.1 IMPACT OF COVID-19 ON IOT TECHNOLOGY MARKET IN ROW 311
FIGURE 57 IOT TECHNOLOGY MARKET IN ROW: ANALYSIS OF PRE- AND
POST-COVID-19 SCENARIOS 312
11.6.2 MIDDLE EAST 312
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 312
11.6.3 AFRICA 313
11.6.3.1 The significant growth in mobile communication and increasing internet penetration in Africa are factors driving the market 313
12 COMPETITIVE LANDSCAPE 314
12.1 INTRODUCTION 314
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 314
12.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN IOT TECHNOLOGY MARKET 314
12.3 REVENUE ANALYSIS OF TOP PLAYERS 316
FIGURE 58 5-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN IOT TECHNOLOGY MARKET, 2016–2020 316
12.4 MARKET SHARE ANALYSIS OF KEY PLAYERS IN 2020 317
FIGURE 59 MARKET SHARE ANALYSIS OF KEY PLAYERS IN IOT NODE HARDWARE MARKET IN 2020 317
TABLE 356 IOT NODE HARDWARE MARKET: DEGREE OF COMPETITION 317
TABLE 357 IOT NODE HARDWARE MARKET: RANKING ANALYSIS 318
12.5 COMPANY EVALUATION QUADRANT, 2020 319
12.5.1 STAR 319
12.5.2 EMERGING LEADER 319
12.5.3 PERVASIVE 319
12.5.4 PARTICIPANT 319
FIGURE 60 IOT TECHNOLOGY MARKET (GLOBAL) COMPANY EVALUATION
QUADRANT, 2020 320
12.6 COMPETITIVE BENCHMARKING 321
12.6.1 COMPANY FOOTPRINT, BY END-USE APPLICATION 321
12.6.2 COMPANY FOOTPRINT, BY REGION 322
12.6.3 COMPANY FOOTPRINT 323
12.7 STARTUP/SME EVALUATION QUADRANT, 2020 324
12.7.1 PROGRESSIVE COMPANY 324
12.7.2 RESPONSIVE COMPANY 324
12.7.3 DYNAMIC COMPANY 324
12.7.4 STARTING BLOCK 324
FIGURE 61 IOT TECHNOLOGY MARKET (GLOBAL) STARTUP/SME
EVALUATION QUADRANT, 2020 325
12.8 COMPETITIVE SITUATIONS AND TRENDS 326
12.8.1 PRODUCT LAUNCHES/DEVELOPMENTS 326
TABLE 358 PRODUCT LAUNCHES/DEVELOPMENTS, 2019–2021 326
12.8.2 DEALS 328
TABLE 359 DEALS, 2019–2021 328
13 COMPANY PROFILES 332
13.1 INTRODUCTION 332
13.2 IMPACT OF COVID-19 ON PLAYERS OF INTERNET OF THINGS TECHNOLOGY MARKET 332
(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 333
13.3.1 INTEL CORPORATION 333
TABLE 360 INTEL CORPORATION: BUSINESS OVERVIEW 333
FIGURE 62 INTEL CORPORATION: COMPANY SNAPSHOT 334
TABLE 361 INTEL CORPORATION: PRODUCT LAUNCHES 337
TABLE 362 INTEL CORPORATION: DEALS 339
13.3.2 QUALCOMM TECHNOLOGIES 341
TABLE 363 QUALCOMM TECHNOLOGIES: BUSINESS OVERVIEW 341
FIGURE 63 QUALCOMM TECHNOLOGIES: COMPANY SNAPSHOT 342
TABLE 364 QUALCOMM TECHNOLOGIES: PRODUCT LAUNCHES 343
TABLE 365 QUALCOMM TECHNOLOGIES: DEALS 344
13.3.3 TEXAS INSTRUMENTS INCORPORATED 346
TABLE 366 TEXAS INSTRUMENTS INCORPORATED: BUSINESS OVERVIEW 346
FIGURE 64 TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT 347
TABLE 367 TEXAS INSTRUMENTS INCORPORATED: PRODUCT LAUNCHES 349
13.3.4 STMICROELECTRONICS 351
TABLE 368 STMICROELECTRONICS: BUSINESS OVERVIEW 351
FIGURE 65 STMICROELECTRONICS: COMPANY SNAPSHOT 352
TABLE 369 STMICROELECTRONICS: PRODUCT LAUNCHES & DEVELOPMENTS 354
TABLE 370 STMICROELECTRONICS: DEALS 355
13.3.5 IBM 358
TABLE 371 IBM: BUSINESS OVERVIEW 358
FIGURE 66 IBM: COMPANY SNAPSHOT 359
TABLE 372 IBM: PRODUCT LAUNCHES & DEVELOPMENTS 360
TABLE 373 IBM: DEALS 361
13.3.6 HEWLETT PACKARD ENTERPRISE (HPE) 363
TABLE 374 HEWLETT PACKARD ENTERPRISE: BUSINESS OVERVIEW 363
FIGURE 67 HEWLETT PACKARD ENTERPRISE: COMPANY SNAPSHOT 364
TABLE 375 HEWLETT PACKARD ENTERPRISE: DEALS 366
13.3.7 CISCO SYSTEMS 367
TABLE 376 CISCO SYSTEMS: BUSINESS OVERVIEW 367
FIGURE 68 CISCO SYSTEMS: COMPANY SNAPSHOT 368
TABLE 377 CISCO SYSTEMS: PRODUCT LAUNCHES 370
TABLE 378 CISCO SYSTEMS: DEALS 371
13.3.8 MICROSOFT CORPORATION 374
TABLE 379 MICROSOFT CORPORATION: BUSINESS OVERVIEW 374
FIGURE 69 MICROSOFT CORPORATION: COMPANY SNAPSHOT 375
TABLE 380 MICROSOFT CORPORATION: DEALS 376
13.3.9 PTC 379
TABLE 381 PTC: BUSINESS OVERVIEW 379
FIGURE 70 PTC: COMPANY SNAPSHOT 380
TABLE 382 PTC: PRODUCT LAUNCHES & DEVELOPMENTS 381
TABLE 383 PTC: DEALS 381
13.3.10 AMAZON WEB SERVICES (AWS) 383
TABLE 384 AMAZON WEB SERVICES: BUSINESS OVERVIEW 383
TABLE 385 AMAZON WEB SERVICES: PRODUCT LAUNCHES & PRODUCT DEVELOPMENTS 384
TABLE 386 AMAZON WEB SERVICES: DEALS 385
13.4 OTHER PLAYERS 386
13.4.1 GENERAL ELECTRIC (GE) 386
13.4.2 SOFTEQ DEVELOPMENT CORPORATION 387
13.4.3 SCIENCESOFT 388
13.4.4 ORACLE CORPORATION 389
13.4.5 SIEMENS 390
13.4.6 SAP 390
13.4.7 BOSCH 391
13.4.8 HUAWEI TECHNOLOGIES CO., LTD. 392
13.4.9 SCHNEIDER ELECTRIC 393
13.4.10 ARM LIMITED 394
13.4.11 NXP SEMICONDUCTORS N.V. 395
13.4.12 TE CONNECTIVITY LTD. 396
13.4.13 SOFTWARE AG 397
13.4.14 MICROCHIP TECHNOLOGY INC. 397
13.4.15 VATES 399
*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 400
14.1 DISCUSSION GUIDE 400
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 403
14.3 AVAILABLE CUSTOMIZATIONS 405
14.4 RELATED REPORTS 405
14.5 AUTHOR DETAILS 406