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Internetization of Businesses, Industries and Homes to Drive the Future of Internet of Things (IoT)

Published: September 2017


  • Code: MCP-7900
  • Pages: 399
  • Tables: 53
  • Companies: 114


The global market for Internet of Things (IoT) is forecast to reach 41 billion connected devices by 2024, driven by the frenzied pace of diffusion, adoption and deployment of internet-based technologies and processes. Few of the factors supporting growth in the market include rise of cloud computing as the backbone technology for IoT; rapidly plummeting costs of IoT sensors; developments in big data analytics geared to drive real world commercial benefits of IoT; omnipresence of smartphones and tablets given their role as gateways for controlling and monitoring IoT devices; developments in internet and broadband technologies; rise of wireless short range communications; and application of blockchain and its revolutionizing influence on IoT security. Asia-Pacific represents the fastest growing market with a CAGR of 33.3% over the analysis period. Growth in the region is led by the development of the Internet and telecom infrastructure; digitalizing lifestyles of the middle class population and a parallel increase in appetite for digital consumer technologies; growing cloud readiness of Asian economies; falling cost of connected devices; growing focus on achieving business, industrial, and manufacturing productivity improvements via deployment of disruptive technologies like IoT and rising acknowledgement of the fact that internetization is the most basic prerequisite for developing countries to achieve the digital advantage. 

    Summary of Findings

  • Growing Confidence in IoTís Revolutionizing Benefits Encourages Venture Capitalists to Bet Billions on the Connected World Promised by IoT
  • Falling ASPs of IoT Sensors to Make IoT a Massive Mainstream Technology Force in the Coming Years
  • As the Linchpin for Driving Value from IoT Projects, the Growing & Evolving Market for Big Data Analytics Bodes Well for the Growth of IoT
  • As Gateways for Controlling and Monitoring IoT Devices, Rapid Penetration of Smartphones Paves the Way for Accelerated Adoption of IoT
  • High Speed Internet & Next Gen Bandwidth Technologies Emerge as Powerful Combinations Shaping the Future of IoT

    Timeline for Analysis

  • Market Estimates and Forecasts for 2015-2024

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, and Rest of Europe), Asia-Pacific, Latin America, and Rest of World

    Market Segmentation & Classification

  • Technology Segments:
    • IoT Services, IoT Applications and Analytics, IoT Security, and Others
  • End-Use Segments:
    • Manufacturing/Industrial, Transportation and Logistics, Utilities, Consumer, Healthcare, Retail, and Others


  • Bitdefender
  • Amazon Web Services
  • ARM Ltd.
  • Atmel Corporation
  • AT&T, Inc.
  • Ayla Networks


  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable


1. http://www.niftyreads.com/iot-infographics/