Global Industry Analysts Predicts the World Internet of Things (IoT) Market to Reach $784.1 Billion by 2026

SAN FRANCISCO, Sept. 2, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Internet of Things (IoT) - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 15; Released: May 2021
Executive Pool: 107178
Companies: 12768 - Players covered include Amazon Web Services, Inc.; ARM Ltd.; AT&T, Inc.; Atmel Corporation; Ayla Networks; Bitdefender; Bosch Software Innovations GmbH; B-Scada; CLX Communications; DigiCert; ErgoTech Systems; Freescale Semiconductor, Inc.; Fujitsu Limited; Gemalto N.V.; General Electric Company; Google, Inc.; Greenwave Systems; Honeywell International, Inc.; IBM Corp.; Infineon Technologies AG; Ingenu Inc.; Intel Corporation; InvenSense Inc.; Karamba Security; Microsoft Corp.; Qualcomm Technologies, Inc.; Salesforce.com, Inc.; Samsung Electronics Co., Ltd.; SAP SE; Silver Spring Networks; STMicroelectronics N.V.; Symantec Corporation; Telefónica S.A.; Telit Communications PLC; Texas Instruments; Trustwave Holdings, Inc.; Verizon Communications, Inc.; Verizon Enterprise Solutions; Vodafone Group Plc; Zebra Technologies Corporation and Others.
Coverage: All major geographies and key segments
Segments: Technology (Applications & Analytics, Services, Security, Other Technologies); End-Use (Manufacturing/Industrial, Utilities, Transportation & Logistics, Consumer (B2C), Healthcare, Retail, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Internet of Things (IoT) Market to Reach $784.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Internet of Things (IoT) estimated at US$151.8 Billion in the year 2020, is projected to reach a revised size of US$784.1 Billion by 2026, growing at a CAGR of 31.4% over the analysis period. Applications & Analytics, one of the segments analyzed in the report, is projected to record a 37.8% CAGR and reach US$466.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 34.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $62 Billion in 2021, While China is Forecast to Reach $130.9 Billion by 2026
The Internet of Things (IoT) market in the U.S. is estimated at US$62 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$130.9 Billion by the year 2026 trailing a CAGR of 29.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 27.9% and 26.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 21.2% CAGR.

Security Segment to Reach US$93 Billion by the year 2026
In the global Security segment, USA, Canada, Japan, China and Europe will drive the 42% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.9 Billion in the year 2020 will reach a projected size of US$104.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected] 

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