Global Agile IoT Market, By Component (Hardware, Software), By Deployment (On-premises, Cloud), By Organization size (Large, Small, Medium), By Connectivity (LAN, Wi-Fi, Li-Fi), Vertical (Manufacturing, Healthcare) - Forecast 2030
ID: MRFR/ICT/2401-HCR | 100 Pages | Author: Shubham Munde | May 2023
Global Agile IoT Market
The global market of agile IoT of elicited to record USD 200 billion at a 21% CAGR during the forecast year 2021-2030.
$200 billion
21%
North America
2020-2030
Agile IoT Market Overview
The global market of agile IoT of 2020 is elicited to record USD 200 billion at a 21% CAGR during the forecast period until 2030. The global agile IoT market research report provides market data from the year 2021-2030. AGILE IoT is a modular software and hardware entryway for the Internet of Things with support for IoT apps executions, data and device management, featuring diverse activities of the pilot, protocol interoperability, external cloud communication, open calls & community building.
A layered pattern has been followed by the IoT@Work architecture. These layers can be defined as the functional groups and abstractions managing the IoT infrastructure at the lowest layer for example the applications of IoT running on top and managements of functional groups. Among these two, the management of function group and orchestration functions are likely to deal with services offers in the IoT infrastructure and configuration and on top of the resources the execution of applications. There are several rising factors from across the globe that can be considered as an evolution in the global Agile IoT market that can be observed. The rising demand for tablets and mobile across the globe is the major factor that is contributing to the growth of the global Agile IoT market size.
This report contains all the information on the global agile IoT market trends, research, and market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global Agile IoT market analysis and forecast to 2023 is also included in the report.
Covid 19 Analysis
The outbreak of covid 19 has created hurdles and let the global agile IoT industry standby in the daily operational activities worldwide. All the departments have been shut down temporarily in order to restrain the spread of corona virus. The research has been conducted to do the aftermath of corona virus on the agile IoT industry globally.
Market Dynamic
DriversThe factors that are contributing to the growth of the global Agile IoT industry are the realization of several years of healthy growth by The semiconductor industry which has been able to witness the consequences of the financial crisis globally, due to the rise in demand for tablets and smartphones around the globe, it has created the demand for the wireless applications and mobile. The average growth rate of the industry between 2010 and 2013 was near about 5%.OpportunitiesThe different phases of agile manufacturing are often differently understood by different experts who are managing the production systems and the stakeholders. The mechanical setups and machines could be made agile by increasing the number of combinations of sets of software parameters, machines, and mechanical that a machine can have. This probably could create opportunities for the manufacturers to make machines malleable to many types of end products and many needs.RestraintsThe easy availability of substitutes in the market is the major restrain of the global Agile IoT market. The unaffordability of agile IoT in underdeveloped economies may also be considered as the major restraint of the global Agile IoT industry.ChallengesIoT technology has been authorized around the globe in order to connect people and businesses both. This allows retailers to gain insights regarding the performance of products and find innovative ways of engaging customers with existing customers and new customers both of which can be considered as the major challenge in the global Agile IoT market growth.Cumulative Growth AnalysisThe Internet of Things is the networking of physical objects with the help of sensors, actuators, and other devices which can transmit and collect information about the objects. The data collected from these devices can later be analyzed to enhance services, products, and operations. Moreover, the best use of application of such technology lies in the areas of optimization of energy such as sensors deployed around the grid electricity that help utilities remotely monitor the usage of energy and adjust generation and the distribution flows distributions to account for peak downtimes and times.Value Chain AnalysisAccording to the latest report, the global agile IoT market has been segmented on the basis of components, connectivity, vertical, deployment, organization size, and region. On the basis of components, the global agile IoT industry has been segmented into hardware, software, and services. On the basis of connectivity, the global agile IoT industry has been segmented into LAN, Wi-Fi, Li-Fi, BLE, ZigBee, ZWave, LaRa, RF, and others. On the basis of vertical, the global agile IoT industry has been segmented into BFSI, Public sector, Manufacturing, Healthcare, Government, and others. On the basis of deployment, the global agile IoT industry has been segmented into On-Premises and cloud. ON the basis of organization size, the global agile IoT market has been segmented into large, medium, and small scale.
Segmentation Overview
The market is segmented on the basis of the components, connectivity, vertical, deployment, organization size, and region. The global agile IoT market is expected to witness decent growth during the forecast period.
By Application
Based on the application, the market is segmented into LAN, Wi-Fi, Li-Fi, BLE, ZigBee, ZWave, LaRa, RF, and others.
By End-Users
Based on the propulsion types, the market is segmented into BFSI, Public sector, Manufacturing, Healthcare, Government, and others
Regional Analysis
According to the latest research reports, on the basis of region, the global agile IoT market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. The North America region is predicted to hold the maximum global agile IoT market share during the forecast period due to the presence of established economies in this regions, which allows them to invest strongly in R&D. Along with that the rising adoption of smart connected devices, digitalization across the verticals of industry, and the advancement in technological fields have further boosted the demand for IoT market in this region. Moreover, the Asia Pacific region and European regions are expected to witness significant growth due to the rapid developments in these regions.
Competitive Landscape
The competitive landscape of agile IoT provides details by the total financial revenue of the company, vendors, revenue and sales generate in agile IoT business, the overview of the company, share in the market, SWOT analysis, the launch of products, potential in the market, facilities and production sites, and prices.
Major Key Players
- Bytelight (us)
- Fujitsu (Japan)
- Panasonic Corp (Japan)
- Qualcomm Inc. (us)
- Purelifi Ltd (us)
- Ibsentelecom (us)
- General Electronic Corp(us)
- Lvx System (us)
- Lightbee Corp. (us)
- Supreme Architecture(us)
 Report Overview
The following report comprises of –
- Market overviewÂ
- Covid 19 Analysis
- Market Dynamic
- Drivers
- Opportunities
- RestraintsÂ
- Challenges
- Cumulative Growth Analysis
- Value Chain Analysis
- Segmentation OverviewÂ
- By ApplicationÂ
- By End-Users
- Regional Analysis
- Competitive landscape
Recent Developments
- In March 2020 – Microsoft & Cisco Systems has announced a partnership with Cisco IoT Edge to Azure IoT Cloud in order to enable seamless data orchestration. The outcome of this collaboration provides a pre-integrated IoT edge-to-cloud application solution to the customers.
- In January 2020 – Cisco launched an IoT security architecture that provides enhanced visibility across both IoT and IT environments and protects processes. Cisco’s new solutions provide extraction and collection of data from the IoT edge so that the organization can accelerate digitization projects and also can increase the efficiencies to make better business decisions.
- In April 2019 - IBM Corporation launched a collaboration with Sund & Baelt, which operates and owns some of the highest infrastructures in the world, in order to assist in IBM’s development of an AI-powered IoT solution which is designed to help prolong the lifespan of tunnels, railways, aging bridges, and highways.
Market Segments
Global Market, By Product
- Hardware
- Software
Global market, By Connectivity
- LAN
- Wi-Fi
- Li-Fi
- BLE
- ZigBee
- ZWave
- LoRa
- RF
- Others
Global Market, By Application
- Manufacturing
- Healthcare
- Bfsi
- Government& Public Sector
- Others
Global Agile IoT Market, By Geography
-
North America- the U.S.
- Canada
- Mexico
-
Europe- Germany
- UK
- France
- Rest of Europe
-
the Asia Pacific- China
- Japan
- India
- Rest of Asia Pacific
-
Rest of the World- Latin America
- Middle East & Africa
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 200 billion |
| CAGR | 21% |
| Base Year | 2019 |
| Forecast Period | 2020-2030 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Component, Size |
| Geographies Covered | North America, Europe, Aisa Pacific |
| Key Vendors | Bytelight (us) Fujitsu (Japan) Panasonic Corp (Japan) Qualcomm Inc. (us) Purelifi Ltd (us) Ibsentelecom (us) General Electronic Corp(us) Lvx System (us) Lightbee Corp. (us) |
| Key Market Opportunities | The different phases of agile manufacturing are often differently understood by different experts who are managing the production systems and the stakeholders. |
| Key Market Drivers | Agile IoT industry are the realization of several years of healthy growth |
Frequently Asked Questions (FAQ) :
The expanding semiconductor industry, widespread adoption of smartphones and tablets and the rising demand in insurance companies are fostering the market growth around the world.
Based on component, the main segments are software, services and hardware.
The segments, depending on deployment, are cloud and on-premises.
The countries in North America are quite developed, which enables them to make substantial investments in R&D, coupled rapid digitalization across industries, rising adoption of smart connected devices, and the technological advancements are stimulating the market growth in North America.
Verticals like manufacturing, healthcare and others majorly deploy agile IoT.
The expanding semiconductor industry, widespread adoption of smartphones and tablets and the rising demand in insurance companies are fostering market growth around the world.
Verticals like manufacturing, healthcare, and others are majorly deployed in the agile IoT market.
Key Questions Answered
- ✅ Global Market Outlook
- ✅ In-depth analysis of global and regional trends
- ✅ Analyze and identify the major players in the market, their market share, key developments, etc.
- ✅ To understand the capability of the major players based on products offered, financials, and strategies.
- ✅ Identify disrupting products, companies, and trends.
- ✅ To identify opportunities in the market.
- ✅ Analyze the key challenges in the market.
- ✅ Analyze the regional penetration of players, products, and services in the market.
- ✅ Comparison of major players’ financial performance.
- ✅ Evaluate strategies adopted by major players.
- ✅ Recommendations
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