IoT Devices Market 2022-2028: Industry Analysis, Trends, Growth, Opportunities, and Forecast

The IoT Devices Market size is expected to grow at an annual average CAGR of 27% during 2022-2028. The Internet of Things is an operating system that captures information from a device or object with the help of sensors, software and other technologies to connect and communicate data with other devices or objects with the help of the Internet. IoT systems are applied in a variety of industries with their inherent flexibility and ability to fit into any environment. Improve data collection, automation, operations and more with smart devices and powerful assistive technologies. The main features of IoT are artificial intelligence, connectivity, active participation and the use of small devices. The key benefits provided are improved security, flexibility, and compliance. The innovations in IoT are Amazon Echo, Google Home, Ecobee, Neurio, Ring.

The following segmentation are covered in this report:

By Application

• Smart retail
• Connected health
• Connected logistics
• Smart utilities
• Smart manufacturing
• Others

By Solution

• Real-Time streaming analytics
• Security solution
• Data management
• Remote monitoring
• Network bandwidth management

By Deployment

• Public cloud
• Private cloud
• Hybrid cloud

Company Profile

• PTC
• ABB
• Huawei
• Schneider Electric
• Belkin
• Advantech
• Bitdefender
• LG
• Nest
• Philips
• Ring
• Samsung

Scope of the report

The research study analyses the IoT Devices Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North america market size and/or volume
• Latin america market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by IoT Devices Market Report

• What was the IoT Devices Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028)
• What will be the CAGR of Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the IoT Devices Market was the market leader in 2022?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.