Global Agile IoT Market Research Report- Forecast 2030

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 | December 2022 | Region: Global | 100 Pages         

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.

Segmentation

By Component Hardware Software
By Deployment On-premises Cloud
By Organization size Large Small Medium
By Connectivity LAN Wi-Fi Li-Fi
By Vertical Manufacturing Healthcare

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)

Drivers

  • Due to the rise in demand for tablets and smartphones around the globe
  • it has created the demand for the wireless applications and mobile.
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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


Drivers
The 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%.
Opportunities
The 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.
Restraints
The 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.
Challenges
IoT 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 Analysis
The 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 Analysis
According 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 overview 

  • Covid 19 Analysis

  • Market Dynamic

  • Drivers

  • Opportunities

  • Restraints 

  • Challenges

  • Cumulative Growth Analysis

  • Value Chain Analysis

  • Segmentation Overview 

  • By Application 

  • 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


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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.