Enterprise IoT Market Research Report - Global Forecast 2023

Enterprise IoT Market, By Component (Solution, Service), By Platform (Device Management, Application Management, Network Management) and By Enterprise Type (SMEs, Large Enterprises) – Global Forecast 2023

ID: MRFR/SEM/2892-HCR | February 2021 | Region: Global | 100 pages

Market Synopsis of Enterprise IoT Market:

Market Scenario:

Major giants like IBM Corporation and Bosch are investing into enterprise IoT market due to increasing demand from various industry verticals like healthcare, education, corporate, manufacturing among others. IBM and Bosch have joined forces for developing new technologies for enterprise IoT and in order to deliver comprehensive IoT solutions for their respective organizations. Increasing adoption of BYOD and mobile devices is one major factor fueling the growth of enterprise IoT market.


North America region holds the largest market share of global enterprise IoT market followed by Europe and Asia Pacific regions. The growth is North America region is mainly dominated by U.S. and Canada and is attributed to the increasing demand for mobile communication and growing demand for internet of things in the region. The region also has a well-established infrastructure which allows implementation of advanced technologies and higher penetration of devices.


Enterprise IoT market has been segmented on the basis of component, platform and enterprise type. The component segment is further bifurcated into software, solution and services. Out of which, the software segment holds the largest market share for enterprise IoT market owing to increasing cloud based applications and cloud based data storage. The services segment is expected to grow at a significant rate owing to the increasing demand for IoT applications and devices.


Major factor driving the growth of enterprise IoT market is the growing need for digitalization and increasing adoption of cloud platform. Reduction in cost of connected devices is another major factor driving the growth of enterprise IoT market. Development of wireless networking technologies is also another major factor responsible for fueling the growth of enterprise IoT market.


The global enterprise IoT market is expected to grow at approx. USD 58 Billion by 2023, at 26% of CAGR between 2017 and 2023.


Enterprise IoT Market Enterprise IoT Market

Key Players: The prominent players in enterprise IoT market are – Intel Corporation (U.S.), Cisco Systems, Inc. (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), IBM Corporation (U.S.), Google Inc. (U.S.), Hewlett Packard Enterprise (U.S.), Amazon Web Services, Inc. (U.S.), Bosch Software Innovations GmbH (Germany), Verizon Communications (U.S.) and others.


Segments: Enterprise IoT market can be segmented on the basis of following:


By Component Solution

  • Data Management

  • Network Bandwidth Management

  • Remote Monitoring

  • Security


Services

  • Professional Services

  • Support & Maintenance

  • Consulting

  • Deployment & IntegrationManaged Services


By Platform

  • Device Management

  • Application Management

  • Network Management


By Enterprise Type

  • SMEs

  • Large Enterprises


 


Regional Analysis: The regional analysis of enterprise IoT market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in enterprise IoT market in North America is attributed to technological advancements and increasing internet of things across various industry verticals in that region.


Intended Audience



  • Technology Investors

  • Research/Consultancy Firms

  • Infrastructure Providers

  • Software Vendors

  • Technology Providers

  • IoT Platform Providers



Frequently Asked Questions (FAQ) :


Verizon Communications, IBM Corporation, Microsoft Corporation, Cisco Systems, Inc., Intel Corporation, Oracle Corporation, Bosch Software Innovations GmbH, Google Inc., Amazon Web Services, Inc., and Hewlett Packard Enterprise are major service providers in the global enterprise IoT market.

The global enterprise IoT market can exhibit 26% CAGR from 2017 to 2023.

The global enterprise IoT market valuation can reach USD 58 billion by 2023.

North America can lead in the global enterprise IoT market owing to emergence of internet of things and demand for mobile communication.

The software segment can fetch revenue in the global enterprise IoT market owing to rise in cloud applications.

TABLE OF CONTENTS

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE

2 RESEARCH METHODOLOGY

2.1 RESEARCH TYPE

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION

3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

3.5 MARKET RESTRAINTS

4 EXECUTIVE SUMMARY

5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS

6 ENTERPRISE IOT MARKET, BY SEGMENTS

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY COMPONENT

6.2.1.1 SOLUTION

6.2.1.1.1 DATA MANAGEMENT

6.2.1.1.2 NETWORK BANDWIDTH MANAGEMENT

6.2.1.1.3 REMOTE MONITORING

6.2.1.1.4 SECURITY

6.2.1.2 SERVICE

6.2.1.2.1 PROFESSIONAL SERVICES

6.2.1.2.1.1 SUPPORT & MAINTENANCE

6.2.1.2.1.2 CONSULTING

6.2.1.2.1.3 DEPLOYMENT & INTEGRATION

6.2.1.2.2 MANAGED SERVICES

6.2.2 BY PLATFORM

6.2.2.1 DEVICE MANAGEMENT

6.2.2.2 ENTERPRISE TYPE MANAGEMENT

6.2.2.3 NETWORK MANAGEMENT

6.2.3 BY ENTERPRISE TYPE

6.2.3.1 SMES

6.2.3.2 LARGE ENTERPRISES

6.2.4 BY REGION

6.2.4.1 NORTH AMERICA

6.2.4.2 EUROPE

6.2.4.3 ASIA-PACIFIC

6.2.4.4 REST OF THE WORLD

7 COMPETITIVE ANALYSIS

7.1 MARKET SHARE ANALYSIS

7.2 COMPANY PROFILES

7.2.1 INTEL CORPORATION (U.S.)

7.2.2 CISCO SYSTEMS, INC. (U.S.)

7.2.3 MICROSOFT CORPORATION (U.S.)

7.2.4 ORACLE CORPORATION (U.S.)

7.2.5 IBM CORPORATION (U.S.)

7.2.6 GOOGLE INC. (U.S.)

7.2.7 HEWLETT PACKARD ENTERPRISE (U.S.)

7.2.8 AMAZON WEB SERVICES, INC. (U.S.)

7.2.9 BOSCH SOFTWARE INNOVATIONS GMBH (GERMANY)

7.2.10 VERIZON COMMUNICATIONS (U.S.)

7.2.11 OTHERS


LIST OF TABLES

TABLE 1 ENTERPRISE IOT MARKET, BY COMPONENT

TABLE 2 ENTERPRISE IOT MARKET, BY PLATFORM

TABLE 3 ENTERPRISE IOT MARKET, BY ENTERPRISE TYPE

TABLE 4 ENTERPRISE IOT MARKET, BY REGIONS

TABLE 5 NORTH AMERICA ENTERPRISE IOT MARKET, BY COMPONENT

TABLE 6 NORTH AMERICA ENTERPRISE IOT MARKET, BY PLATFORM

TABLE 7 NORTH AMERICA ENTERPRISE IOT MARKET, BY ENTERPRISE TYPE

TABLE 8 U.S. ENTERPRISE IOT MARKET, BY COMPONENT

TABLE 9 U.S. ENTERPRISE IOT MARKET, BY PLATFORM

TABLE 10 U.S. ENTERPRISE IOT MARKET, BY ENTERPRISE TYPE

TABLE 11 CANADA ENTERPRISE IOT MARKET, BY COMPONENT

TABLE 12 CANADA ENTERPRISE IOT MARKET, BY PLATFORM

TABLE 13 CANADA ENTERPRISE IOT MARKET, BY ENTERPRISE TYPE

TABLE 14 GERMANY ENTERPRISE IOT MARKET, BY COMPONENT

TABLE 15 GERMANY ENTERPRISE IOT MARKET, BY PLATFORM

TABLE 16 GERMANY ENTERPRISE IOT MARKET, BY ENTERPRISE TYPE

TABLE 17 U.K. ENTERPRISE IOT MARKET, BY COMPONENT

TABLE 18 U.K. ENTERPRISE IOT MARKET, BY PLATFORM

TABLE 19 U.K. ENTERPRISE IOT MARKET, BY ENTERPRISE TYPE

TABLE 20 EUROPE ENTERPRISE IOT MARKET, BY COMPONENT

TABLE 21 EUROPE ENTERPRISE IOT MARKET, BY PLATFORM

TABLE 22 EUROPE ENTERPRISE IOT MARKET, BY ENTERPRISE TYPE

TABLE 23 FRANCE ENTERPRISE IOT MARKET, BY COMPONENT

TABLE 24 FRANCE ENTERPRISE IOT MARKET, BY PLATFORM

TABLE 25 FRANCE ENTERPRISE IOT MARKET, BY ENTERPRISE TYPE

TABLE 26 ASIA-PACIFIC ENTERPRISE IOT MARKET, BY COMPONENT

TABLE 27 ASIA-PACIFIC ENTERPRISE IOT MARKET, BY PLATFORM

TABLE 28 ASIA-PACIFIC ENTERPRISE IOT MARKET, BY ENTERPRISE TYPE

TABLE 29 REST OF THE WORLD ENTERPRISE IOT MARKET, BY COMPONENT

TABLE 30 REST OF THE WORLD ENTERPRISE IOT MARKET, BY PLATFORM

TABLE 31 REST OF THE WORLD ENTERPRISE IOT MARKET, BY ENTERPRISE TYPE


LIST OF FIGURES

FIGURE 1 RESEARCH TYPE

FIGURE 2 ENTERPRISE IOT MARKET, BY COMPONENT (%)

FIGURE 3 ENTERPRISE IOT MARKET, BY PLATFORM (%)

FIGURE 4 ENTERPRISE IOT MARKET, BY ENTERPRISE TYPE (%)

FIGURE 5 ENTERPRISE IOT MARKET, BY REGIONS (%)

FIGURE 6 NORTH AMERICA ENTERPRISE IOT MARKET, BY COMPONENT (%)

FIGURE 7 NORTH AMERICA ENTERPRISE IOT MARKET, BY PLATFORM (%)

FIGURE 8 NORTH AMERICA ENTERPRISE IOT MARKET, BY ENTERPRISE TYPE (%)

FIGURE 9 EUROPE ENTERPRISE IOT MARKET, BY COMPONENT (%)

FIGURE 10 EUROPE ENTERPRISE IOT MARKET, BY PLATFORM (%)

FIGURE 11 EUROPE ENTERPRISE IOT MARKET, BY ENTERPRISE TYPE (%)

FIGURE 12 ASIA-PACIFIC ENTERPRISE IOT MARKET, BY COMPONENT (%)

FIGURE 13 ASIA-PACIFIC ENTERPRISE IOT MARKET, BY PLATFORM (%)

FIGURE 14 ASIA-PACIFIC ENTERPRISE IOT MARKET, BY ENTERPRISE TYPE (%)

FIGURE 15 REST OF THE WORLD ENTERPRISE IOT MARKET, BY COMPONENT (%)

FIGURE 16 REST OF THE WORLD ENTERPRISE IOT MARKET, BY PLATFORM (%)

FIGURE 17 REST OF THE WORLD ENTERPRISE IOT MARKET, BY ENTERPRISE TYPE (%)