Enterprise IoT Market By Share, Size and Forecast 2029

Summary

Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 214 Billion
Market Size (2029)	USD 562.46 Billion
CAGR (2024-2029)	17.3%
Fastest Growing Segment	Manufacturing
Largest Market	North America

Market Overview

Global Enterprise IoT Market was valued at USD 214 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 17.3% through 2029. The Global Enterprise IoT Market is experiencing robust growth as businesses worldwide embrace the transformative potential of Internet of Things (IoT) technologies. Enterprises are integrating IoT solutions into their operations to optimize processes, enhance productivity, and gain competitive advantages. IoT devices and sensors enable real-time data collection, fostering data-driven decision-making and predictive analytics. Industries such as manufacturing, healthcare, logistics, and agriculture are leveraging IoT to streamline supply chains, monitor equipment health, improve customer experiences, and reduce operational costs. The proliferation of connected devices, coupled with advancements in cloud computing and data analytics, has paved the way for innovative IoT applications. Furthermore, the rise of 5G networks has bolstered IoT capabilities, enabling faster and more reliable connectivity for a multitude of devices. As businesses continue to recognize the strategic value of IoT in driving efficiency and innovation, the Global Enterprise IoT Market is poised for sustained expansion. Companies investing in IoT solutions are well-positioned to adapt to evolving market demands, improve customer satisfaction, and achieve operational excellence, thereby fueling the market's growth trajectory.

Key Market Drivers

Integration Across Diverse Industries

The Global Enterprise IoT Market is experiencing rapid growth due to its integration across a wide array of industries. IoT technologies have become indispensable in sectors such as manufacturing, healthcare, logistics, agriculture, and smart cities, transforming operational processes and enhancing efficiency. In manufacturing, IoT devices enable predictive maintenance and real-time monitoring of equipment, optimizing production workflows. Healthcare institutions utilize IoT for remote patient monitoring and inventory management, leading to improved patient care and streamlined operations. Logistics and agriculture sectors benefit from IoT-enabled tracking systems, ensuring accurate supply chain management and precision farming techniques. Moreover, in smart cities, IoT applications enhance urban services, from intelligent traffic management to waste management, creating more sustainable and efficient urban environments. The seamless integration of IoT across diverse industries signifies its pivotal role in revolutionizing business operations and driving continuous market expansion.

Advanced Technological Capabilities

The Global Enterprise IoT Market is thriving due to its advanced technological capabilities. Modern IoT solutions are equipped with cutting-edge features such as real-time data analytics, machine learning, and artificial intelligence (AI), providing actionable insights and predictive analytics. IoT platforms seamlessly integrate with various sensors and devices, enabling data collection and analysis, which is crucial for informed decision-making. Machine learning algorithms help in predicting patterns and trends, optimizing processes and reducing operational costs. AI-driven IoT applications enhance user experiences by personalizing services and automating routine tasks. The rise of edge computing in IoT further enhances processing capabilities, enabling faster decision-making and reducing latency. The continuous innovation and integration of advanced technologies in IoT solutions are driving market growth, offering businesses efficient and intelligent tools to manage their operations effectively.

Focus on Security and Privacy

The Global Enterprise IoT Market is expanding rapidly due to the increasing focus on security and privacy in IoT deployments. As IoT devices collect and transmit sensitive data, ensuring robust security measures is paramount. Enterprises are adopting end-to-end encryption, secure device authentication, and blockchain technology to safeguard data integrity and prevent unauthorized access. Compliance with stringent data protection regulations, such as GDPR, is encouraging businesses to invest in secure IoT solutions, enhancing customer trust and avoiding legal complications. Moreover, the implementation of secure boot mechanisms and over-the-air (OTA) updates ensures that IoT devices remain protected against evolving cyber threats. Privacy concerns are addressed through user consent management and anonymization techniques, ensuring that personal data is handled responsibly. The market's growth is driven by the assurance of secure and private IoT deployments, enabling businesses to leverage the benefits of IoT technology without compromising data integrity and user confidentiality.

IoT Ecosystem Expansion

The Global Enterprise IoT Market is witnessing substantial expansion due to the proliferation of IoT devices and the continuous growth of the IoT ecosystem. The increasing affordability and miniaturization of sensors, coupled with the availability of low-power connectivity options like LoRaWAN and NB-IoT, have accelerated the deployment of IoT devices across various industries. Businesses are leveraging these devices to collect valuable data for analysis and decision-making. Moreover, the rise of IoT platforms and marketplaces facilitates seamless integration of diverse IoT applications and services. IoT ecosystems are becoming more inclusive, with various stakeholders collaborating to develop comprehensive solutions. Partnerships between device manufacturers, software developers, and IoT service providers are driving innovation and expanding the range of IoT applications. As the IoT ecosystem continues to evolve, the Global Enterprise IoT Market is poised for sustained growth, driven by the diversity of devices, applications, and services that cater to the unique needs of different industries and businesses.

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Key Market Challenges

Compatibility and Fragmentation

The Global Enterprise IoT Market grapples with significant challenges stemming from compatibility and fragmentation issues. Within this diverse landscape, a multitude of communication protocols and standards coexist, demanding seamless integration across varied industries. However, this diversity often leads to compatibility problems when enterprises attempt to implement IoT solutions that may not align with their existing infrastructure or industry-specific standards. Consequently, organizations find themselves in complex situations, necessitating substantial resources to adapt or replace their systems for compatibility. This fragmentation within the Enterprise IoT Market creates confusion and inconvenience, hindering the widespread adoption of IoT solutions. With rapid technological advancements further complicating the landscape, standardizing communication protocols becomes imperative. Industry stakeholders face the intricate task of harmonizing these standards to ensure universally compatible and streamlined IoT experiences, prompting collaborative efforts and standardization initiatives across sectors.

Counterfeit and Low-Quality Products

Similar to the Enterprise IoT market, the Enterprise IoT Market is plagued by counterfeit and substandard products, posing significant risks to user safety and system reliability. Inferior IoT solutions may lack essential security features, making them vulnerable to unauthorized access, data breaches, and cyber threats. Combating this challenge necessitates rigorous quality control measures and extensive awareness campaigns to help organizations identify genuine and secure IoT products. Industry players must invest in robust cybersecurity technologies, encryption methods, and authentication protocols to protect IoT systems from potential threats, ensuring the confidentiality and integrity of sensitive data exchanged through these networks.

Environmental Impact

The widespread adoption of IoT technologies has inadvertently contributed to environmental concerns, primarily in electronic waste generation. As organizations upgrade their IoT infrastructures or encounter non-functional devices, the responsible disposal of outdated equipment becomes a pressing issue. Unfortunately, many entities dispose of these devices improperly, exacerbating the growing problem of electronic waste. To mitigate this, establishing tailored recycling programs for IoT devices is imperative, encouraging responsible disposal and minimizing the environmental impact of outdated systems. Advocating for the use of energy-efficient components and promoting eco-friendly manufacturing practices can significantly reduce the environmental footprint of IoT solutions. Collaboration between manufacturers, regulatory bodies, and businesses is vital to promoting responsible disposal, recycling, and sustainable IoT technologies. Implementing these measures can significantly reduce the environmental impact of the Enterprise IoT Market, fostering a more sustainable future.

Standardization of Communication Protocols

A prominent challenge in the Enterprise IoT Market revolves around the standardization of communication protocols. The absence of universally accepted standards results in a fragmented landscape where different industries and organizations implement proprietary IoT technologies. This lack of standardization hinders seamless communication between disparate systems, hindering interoperability and collaboration. In sectors such as healthcare, manufacturing, and smart cities, where efficient and secure communication is paramount, the absence of standardized protocols leads to inefficiencies and complexities. Moreover, manufacturers are compelled to invest extensively in research and development to adapt their systems to varying industry standards, driving up production costs and market fragmentation. Addressing these challenges necessitates collaborative efforts from industry stakeholders, regulatory bodies, and technology experts to develop and promote standardized communication protocols. Establishing universally accepted standards can simplify the integration process, enhance interoperability, and foster a more streamlined communication experience across different sectors, ensuring user-friendly, secure, and sustainable IoT solutions.

Key Market Trends

Integration of Advanced Communication Features

The Global Enterprise IoT Market is witnessing a transformative surge fueled by the integration of advanced communication features. As communication technology continues to evolve, voice communication systems are undergoing a paradigm shift, incorporating innovative features such as real-time language translation, natural language processing, and sentiment analysis. These sophisticated capabilities enable seamless multilingual communication, enhance user experience, and empower businesses with valuable insights into customer interactions. The integration of artificial intelligence and machine learning algorithms further refines voice communication, enabling intelligent routing, automated responses, and predictive analytics. This trend reflects the market's commitment to providing cutting-edge solutions that not only facilitate communication but also augment productivity and efficiency across diverse industries.

Rise of Cloud-Based Voice Communication Solutions

Cloud-based voice communication solutions have emerged as a dominant trend in the Enterprise IoT Market. The shift towards cloud technology offers businesses unparalleled flexibility, scalability, and cost-efficiency in managing their communication infrastructure. Cloud-based voice communication systems provide seamless integration with other cloud services, enabling unified communication experiences. Businesses can leverage features like virtual phone numbers, call recording, and interactive voice response (IVR) systems without the need for complex hardware installations. This trend is particularly significant for small and medium-sized enterprises (SMEs) seeking affordable yet robust communication solutions. As the demand for remote work and virtual collaboration rises, cloud-based voice communication systems are poised to become indispensable tools for businesses aiming to streamline their operations and enhance team collaboration.

Focus on Security and Data Privacy

Security and data privacy have become paramount concerns in the Enterprise IoT Market. With the escalating frequency and sophistication of cyber threats, businesses and consumers alike prioritize secure communication solutions. Voice communication systems are integrating advanced encryption protocols, multi-factor authentication, and secure socket layer (SSL) technologies to safeguard sensitive information transmitted during voice calls. Compliance with stringent data protection regulations, such as GDPR (General Data Protection Regulation) and HIPAA (Health Insurance Portability and Accountability Act), is driving the development of secure communication platforms tailored for specific industries. Moreover, the market is witnessing a surge in secure voice communication applications specifically designed for government agencies, healthcare institutions, and financial organizations, where data confidentiality is non-negotiable. This trend underscores the industry's commitment to ensuring that voice communication remains a secure, private, and trusted mode of interaction in the digital age.

Enhanced User Experience through Voice User Interfaces (VUI)

Voice User Interfaces (VUI) are revolutionizing the way users interact with voice communication systems. VUI technology, powered by artificial intelligence and natural language processing, enables intuitive voice commands, enabling users to initiate calls, send messages, and perform various tasks hands-free. Virtual assistants and chatbots integrated into voice communication systems enhance user experience by providing instant responses and personalized interactions. This trend is reshaping customer service and support, allowing businesses to offer 24/7 assistance and automate routine inquiries. The widespread adoption of smart speakers and voice-enabled devices further amplifies the significance of VUI in voice communication. As VUI technology continues to advance, voice communication systems are becoming more user-friendly, accessible, and inclusive, catering to diverse user preferences and abilities.

Growing Embrace of Unified Communication Platforms

Unified Communication Platforms are witnessing a surge in adoption, bringing together voice communication, video conferencing, instant messaging, and collaboration tools into a unified ecosystem. Businesses are increasingly recognizing the benefits of centralizing communication channels, enhancing team collaboration, and simplifying communication workflows. Unified Communication Platforms offer seamless integration with existing business applications, allowing users to switch between different modes of communication effortlessly. The rise of hybrid work models, where employees work both in-office and remotely, has further accelerated the adoption of unified communication solutions. These platforms facilitate real-time collaboration, file sharing, and project management, empowering teams to collaborate effectively irrespective of their physical location. The market is witnessing a proliferation of unified communication solutions tailored for specific industries, such as education, healthcare, and manufacturing, addressing sector-specific communication needs. As businesses seek to optimize their communication infrastructure and improve productivity, unified communication platforms are poised to play a pivotal role, driving market growth and innovation.

Segmental Insights

Enterprise Type Insights

The large enterprise segment dominated the Global Enterprise IoT Market and is expected to maintain its dominance during the forecast period. Large enterprises have been at the forefront of adopting and implementing IoT solutions due to their extensive resources, infrastructure, and scalability requirements. These enterprises have the capacity to invest in ... ... ... and deploy IoT devices and systems on a large scale, enabling them to leverage the benefits of IoT technology across various departments and operations. Large enterprises often have complex supply chains, manufacturing processes, and extensive networks of assets and facilities, making them ideal candidates for IoT implementation. They can utilize IoT solutions to ... ... ... optimize their supply chain management, monitor and control manufacturing processes, track inventory and assets, and enhance operational efficiency. Moreover, large enterprises have the financial capability to invest in advanced IoT platforms, analytics tools, and data management systems, enabling them to harness the full potential of IoT-generated data for business insights and decision-making. Large enterprises often have dedicated IT departments and resources, allowing them to effectively manage and integrate IoT solutions into their existing infrastructure. They can develop customized IoT applications and solutions tailored to their specific needs, further driving their dominance in the market. While small and medium-sized enterprises (SMEs) are also recognizing the value of IoT, they may face challenges such as limited budgets, lack of technical expertise, and scalability concerns. However, as IoT technology continues to mature and become more accessible, SMEs are expected to increase their adoption of IoT solutions, narrowing the gap with large enterprises. Nonetheless, the large enterprise segment is expected to maintain its dominance in the Global Enterprise IoT Market, driven by their capabilities, resources, and strategic focus on digital transformation.

End-Use Insights

The manufacturing sector dominated the Global Enterprise IoT Market and is expected to maintain its dominance during the forecast period. The manufacturing industry has been a key driver in the adoption of IoT technologies to enhance operational efficiency, optimize production processes, and improve overall productivity. IoT solutions enable manufacturers to connect and monitor their equipment, machines, and processes in real-time, allowing for better visibility, control, and automation. This enables manufacturers to streamline their operations, reduce downtime, and improve the quality of their products. IoT enables predictive maintenance, where sensors and data analytics are used to monitor the health of equipment and predict potential failures, allowing for proactive maintenance and minimizing unplanned downtime. The manufacturing sector also benefits from IoT-enabled supply chain management, where real-time data on inventory levels, production status, and demand can be shared across the supply chain, enabling better coordination and optimization. Furthermore, IoT solutions in manufacturing enable the implementation of smart factories, where interconnected devices, machines, and systems communicate and collaborate with each other, leading to increased efficiency, flexibility, and customization. With the ongoing digital transformation in the manufacturing industry and the increasing adoption of Industry 4.0 principles, the demand for IoT solutions in manufacturing is expected to continue growing, solidifying its dominance in the Global Enterprise IoT Market.

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Regional Insights

North America dominated the Global Enterprise IoT Market and is expected to maintain its dominance during the forecast period. North America has been at the forefront of technological advancements and digital transformation, making it a key market for IoT solutions. The region has a highly developed IT infrastructure, a large number of tech-savvy consumers, and a strong presence of major technology companies. Additionally, the region has witnessed significant investments in IoT technologies by various industries, including manufacturing, healthcare, transportation, and agriculture. The increasing adoption of IoT in these sectors is driving the growth of the market in North America. Moreover, the presence of major players such as IBM Corporation, Microsoft Corporation, and Cisco Systems Inc. in the region is further fueling the market growth. These companies are investing heavily in research and development activities to develop advanced IoT solutions and expand their product portfolios. Furthermore, the increasing adoption of cloud computing and the Internet of Things (IoT) in various industries is also driving the growth of the market in North America. The region has a well-established cloud infrastructure, which is further supporting the adoption of IoT solutions. The growing demand for smart homes and smart cities is also contributing to the market growth in the region. Overall, North America is expected to dominate the Global Enterprise IoT Market in the coming years due to its advanced technological infrastructure and high adoption rate of IoT solutions across various industries.

Recent Developments

In March 2023, Aeris Communications, Inc. finalized the acquisition of the IoT Connected Vehicle Cloud (CVC) and Accelerator (IoT-A) businesses from Ericsson. This strategic move aligns with Aeris's objective to provide a comprehensive IoT connectivity management service platform to clients globally.

Key Market Players

Microsoft Corporation
IBM Corporation
Cisco Systems, Inc.
Intel Corporation
Siemens AG
Huawei Technologies Co., Ltd.
SAP SE
Oracle Corporation
Amazon Inc.
Google LLC

By Component	By Enterprise Type	By End-use	By Region
Hardware Software Services	Small & Medium Sized Enterprise Large Enterprise	Manufacturing Oil & Gas Utilities Transport BFSI IT & Telecomm Healthcare Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Enterprise IoT Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Enterprise IoT Market, By Component:

o Hardware

o Software

o Services

Enterprise IoT Market, By Enterprise Type:

o Small & Medium Sized Enterprise

o Large Enterprise

Enterprise IoT Market, By End-use:

o Manufacturing

o Oil & Gas

o Utilities

o Transport

o BFSI

o IT & Telecomm

o Healthcare

o Others

Enterprise IoT Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

§ Belgium

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

§ Indonesia

§ Vietnam

o South America

§ Brazil

§ Argentina

§ Colombia

§ Chile

§ Peru

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Turkey

§ Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Enterprise IoT Market.

Available Customizations:

Global Enterprise IoT market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Enterprise IoT Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Formulation of the Scope

2.4. Assumptions and Limitations

2.5. Sources of Research

2.5.1. Secondary Research

2.5.2. Primary Research

2.6. Approach for the Market Study

2.6.1. The Bottom-Up Approach

2.6.2. The Top-Down Approach

2.7. Methodology Followed for Calculation of Market Size & Market Shares

2.8. Forecasting Methodology

2.8.1. Data Triangulation & Validation

3. Executive Summary

4. Impact of COVID-19 on Global Enterprise IoT Market

5. Voice of Customer

6. Global Enterprise IoT Market Overview

7. Global Enterprise IoT Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Component (Hardware, Software, Services)

7.2.2. By Enterprise Type (Small & Medium Sized Enterprise, Large Enterprise)

7.2.3. By End-use (Manufacturing, Oil & Gas, Utilities, Transport, BFSI, IT & Telecomm, Healthcare, Others)

7.2.4. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3. By Company (2023)

7.4. Market Map

8. North America Enterprise IoT Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Component

8.2.2. By Enterprise Type

8.2.3. By End-use

8.2.4. By Country

8.3. North America: Country Analysis

8.3.1. United States Enterprise IoT Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Component

8.3.1.2.2. By Enterprise Type

8.3.1.2.3. By End-use

8.3.2. Canada Enterprise IoT Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Component

8.3.2.2.2. By Enterprise Type

8.3.2.2.3. By End-use

8.3.3. Mexico Enterprise IoT Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Component

8.3.3.2.2. By Enterprise Type

8.3.3.2.3. By End-use

9. Europe Enterprise IoT Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Component

9.2.2. By Enterprise Type

9.2.3. By End-use

9.2.4. By Country

9.3. Europe: Country Analysis

9.3.1. Germany Enterprise IoT Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Component

9.3.1.2.2. By Enterprise Type

9.3.1.2.3. By End-use

9.3.2. France Enterprise IoT Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Component

9.3.2.2.2. By Enterprise Type

9.3.2.2.3. By End-use

9.3.3. United Kingdom Enterprise IoT Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Component

9.3.3.2.2. By Enterprise Type

9.3.3.2.3. By End-use

9.3.4. Italy Enterprise IoT Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Component

9.3.4.2.2. By Enterprise Type

9.3.4.2.3. By End-use

9.3.5. Spain Enterprise IoT Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Component

9.3.5.2.2. By Enterprise Type

9.3.5.2.3. By End-use

9.3.6. Belgium Enterprise IoT Market Outlook

9.3.6.1. Market Size & Forecast

9.3.6.1.1. By Value

9.3.6.2. Market Share & Forecast

9.3.6.2.1. By Component

9.3.6.2.2. By Enterprise Type

9.3.6.2.3. By End-use

10. South America Enterprise IoT Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Component

10.2.2. By Enterprise Type

10.2.3. By End-use

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Enterprise IoT Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Component

10.3.1.2.2. By Enterprise Type

10.3.1.2.3. By End-use

10.3.2. Colombia Enterprise IoT Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Component

10.3.2.2.2. By Enterprise Type

10.3.2.2.3. By End-use

10.3.3. Argentina Enterprise IoT Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Component

10.3.3.2.2. By Enterprise Type

10.3.3.2.3. By End-use

10.3.4. Chile Enterprise IoT Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Component

10.3.4.2.2. By Enterprise Type

10.3.4.2.3. By End-use

10.3.5. Peru Enterprise IoT Market Outlook

10.3.5.1. Market Size & Forecast

10.3.5.1.1. By Value

10.3.5.2. Market Share & Forecast

10.3.5.2.1. By Component

10.3.5.2.2. By Enterprise Type

10.3.5.2.3. By End-use

11. Middle East & Africa Enterprise IoT Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Component

11.2.2. By Enterprise Type

11.2.3. By End-use

11.2.4. By Country

11.3. Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Enterprise IoT Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Component

11.3.1.2.2. By Enterprise Type

11.3.1.2.3. By End-use

11.3.2. UAE Enterprise IoT Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Component

11.3.2.2.2. By Enterprise Type

11.3.2.2.3. By End-use

11.3.3. South Africa Enterprise IoT Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Component

11.3.3.2.2. By Enterprise Type

11.3.3.2.3. By End-use

11.3.4. Turkey Enterprise IoT Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Component

11.3.4.2.2. By Enterprise Type

11.3.4.2.3. By End-use

11.3.5. Israel Enterprise IoT Market Outlook

11.3.5.1. Market Size & Forecast

11.3.5.1.1. By Value

11.3.5.2. Market Share & Forecast

11.3.5.2.1. By Component

11.3.5.2.2. By Enterprise Type

11.3.5.2.3. By End-use

12. Asia Pacific Enterprise IoT Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value

12.2. Market Share & Forecast

12.2.1. By Component

12.2.2. By Enterprise Type

12.2.3. By End-use

12.2.4. By Country

12.3. Asia-Pacific: Country Analysis

12.3.1. China Enterprise IoT Market Outlook

12.3.1.1. Market Size & Forecast

12.3.1.1.1. By Value

12.3.1.2. Market Share & Forecast

12.3.1.2.1. By Component

12.3.1.2.2. By Enterprise Type

12.3.1.2.3. By End-use

12.3.2. India Enterprise IoT Market Outlook

12.3.2.1. Market Size & Forecast

12.3.2.1.1. By Value

12.3.2.2. Market Share & Forecast

12.3.2.2.1. By Component

12.3.2.2.2. By Enterprise Type

12.3.2.2.3. By End-use

12.3.3. Japan Enterprise IoT Market Outlook

12.3.3.1. Market Size & Forecast

12.3.3.1.1. By Value

12.3.3.2. Market Share & Forecast

12.3.3.2.1. By Component

12.3.3.2.2. By Enterprise Type

12.3.3.2.3. By End-use

12.3.4. South Korea Enterprise IoT Market Outlook

12.3.4.1. Market Size & Forecast

12.3.4.1.1. By Value

12.3.4.2. Market Share & Forecast

12.3.4.2.1. By Component

12.3.4.2.2. By Enterprise Type

12.3.4.2.3. By End-use

12.3.5. Australia Enterprise IoT Market Outlook

12.3.5.1. Market Size & Forecast

12.3.5.1.1. By Value

12.3.5.2. Market Share & Forecast

12.3.5.2.1. By Component

12.3.5.2.2. By Enterprise Type

12.3.5.2.3. By End-use

12.3.6. Indonesia Enterprise IoT Market Outlook

12.3.6.1. Market Size & Forecast

12.3.6.1.1. By Value

12.3.6.2. Market Share & Forecast

12.3.6.2.1. By Component

12.3.6.2.2. By Enterprise Type

12.3.6.2.3. By End-use

12.3.7. Vietnam Enterprise IoT Market Outlook

12.3.7.1. Market Size & Forecast

12.3.7.1.1. By Value

12.3.7.2. Market Share & Forecast

12.3.7.2.1. By Component

12.3.7.2.2. By Enterprise Type

12.3.7.2.3. By End-use

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends and Developments

15. Company Profiles

15.1. Microsoft Corporation

15.1.1. Business Overview

15.1.2. Key Revenue and Financials

15.1.3. Recent Developments

15.1.4. Key Personnel/Key Contact Person

15.1.5. Key Product/Services Offered

15.2. IBM Corporation

15.2.1. Business Overview

15.2.2. Key Revenue and Financials

15.2.3. Recent Developments

15.2.4. Key Personnel/Key Contact Person

15.2.5. Key Product/Services Offered

15.3. Cisco Systems, Inc.

15.3.1. Business Overview

15.3.2. Key Revenue and Financials

15.3.3. Recent Developments

15.3.4. Key Personnel/Key Contact Person

15.3.5. Key Product/Services Offered

15.4. Intel Corporation

15.4.1. Business Overview

15.4.2. Key Revenue and Financials

15.4.3. Recent Developments

15.4.4. Key Personnel/Key Contact Person

15.4.5. Key Product/Services Offered

15.5. Siemens AG

15.5.1. Business Overview

15.5.2. Key Revenue and Financials

15.5.3. Recent Developments

15.5.4. Key Personnel/Key Contact Person

15.5.5. Key Product/Services Offered

15.6. Huawei Technologies Co., Ltd.

15.6.1. Business Overview

15.6.2. Key Revenue and Financials

15.6.3. Recent Developments

15.6.4. Key Personnel/Key Contact Person

15.6.5. Key Product/Services Offered

15.7. SAP SE

15.7.1. Business Overview

15.7.2. Key Revenue and Financials

15.7.3. Recent Developments

15.7.4. Key Personnel/Key Contact Person

15.7.5. Key Product/Services Offered

15.8. Oracle Corporation

15.8.1. Business Overview

15.8.2. Key Revenue and Financials

15.8.3. Recent Developments

15.8.4. Key Personnel/Key Contact Person

15.8.5. Key Product/Services Offered

15.9. Amazon Inc.

15.9.1. Business Overview

15.9.2. Key Revenue and Financials

15.9.3. Recent Developments

15.9.4. Key Personnel/Key Contact Person

15.9.5. Key Product/Services Offered

15.10. Google LLC

15.10.1. Business Overview

15.10.2. Key Revenue and Financials

15.10.3. Recent Developments

15.10.4. Key Personnel/Key Contact Person

15.10.5. Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Enterprise IoT Market in 2023?

The market size of the Global Enterprise IoT Market was USD 214 Billion in 2023.

Which was the dominant segment by Enterprise Type in the Global Enterprise IoT Market in 2023?

The large enterprise segment was the dominant segment by Enterprise Type in the Global Enterprise IoT Market in 2023.

Which is the dominant region in the Global Enterprise IoT Market?

North America is the dominant region in the Global Enterprise IoT Market, driven by its advanced technological infrastructure, high adoption rates of IoT solutions across industries, and the presence of major technology companies in the region.

What are the major drivers for the Global Enterprise IoT Market?

The major drivers for the Global Enterprise IoT Market include the increasing demand for operational efficiency and productivity, the need for real-time data analytics and insights, the rise of cloud computing and edge computing technologies, and the growing adoption of smart connected devices and sensors.

Related Reports

Sakshi Bajaal

Business Consultant

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Press Release

Enterprise IoT Market to Grow with a CAGR of 17.3% Globally through to 2028

Nov, 2023

Global Enterprise IoT Market is rising due to the increasing adoption of IoT technologies by businesses to enhance operational efficiency, improve decision-making, and drive innovation in products an

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