Press Release

Turkey IoT Market to be dominated by Smart Manufacturing segment till 2026

Rapid digitization across industry verticals and technological advancements is expected to drive the demand of Turkey IoT market for the forecast period.

According to TechSci Research report, Turkey IoT Market By Component (Hardware, Service, Software), By Type (B2B, B2C, B2G), By Application (Smart Manufacturing, Consumer Electronics, Building & Home Automation, Smart Mobility & Transportation, Connected Logistics, Others), By Region, Competition Forecast & Opportunities, 2026”, the Turkey IoT market is expected to grow at a significant growth for the forecast period, 2022-2026. Internet of things or IoT refers to physical devices that are connected over the internet or other communication networks and are embedded with processing ability, sensors, software, and other advanced technologies that can easily communicate with each other to generate smart insights. IoT can be used for a wide range of applications including smart grid, smart transportation & logistics, smart healthcare and therefore witness high demand from all over the country. The ongoing and upcoming projects for the development of smart cities are equipped with sensors and connected devices by using smart technology and data analysis. Leading authorities are making efforts to make smart cities such as the development of Izmir city as a smart city to provide enhanced quality living standards to its citizens and improve the economic status. A smart city uses the internet of things technology to effectively communicate between the connected devices and end-users which in turn is anticipated to fuel the demand of the Turkey IoT market for the next five years. The introduction of smart applications in transportation and urban services and providing access to the residents through the help of online channels in form of e-government is promoting digitization across prominent industry verticals. The huge expenditure by the government of Turkey for the implementation of smart grid, intelligent street lighting, and smart metering to efficiently manage the energy is contributing significantly to the Turkey IoT market growth. Intelligent transport systems are being installed in several cities of Turkey such as Ankara, Istanbul, and Izmir. The Ministry of Transportation has elaborated in their action plan 2013-2023 that all cities will implement the smart traffic light system according to the present traffic density, digital traffic signs, green wave system, and others to provide an enhanced consumer experience to its residents. The leading authorities are focusing on minimizing the water losses incurred by the country.

However, privacy and data security concerns may restrain the Turkey IoT market growth for the forecast period.

Browse XX Figures spread through 70 Pages and an in-depth TOC on "Turkey IoT Market”.

Turkey IoT market is segmented into component, type, application, regional distribution, and company. Based on application, the market can be segmented into smart manufacturing, consumer electronics, building & home automation, smart mobility & transportation, connected logistics, and others. The smart manufacturing segment is expected to account for major market share for the forecast period, 2022-2026. The advent of artificial intelligence, cloud computing, big data, industry 4.0, and other advanced technologies and the growing adoption of digitalization is aiding to increase the smart manufacturing segment growth. The high rate of adoption of smart manufacturing by the manufacturing industries owing to its benefits such as it can accurately predict the requirements and thus helps to manage unnecessary expenses. Smart manufacturing also helps in identifying the faults or errors and notifies the concerned authorities beforehand which ensures a smooth workflow in the industries. 

Hyperlink InfoSystem, Turkcell, epcsht, Epigra, Kuka apps, Inspark, ikol Mobile, reengen, TrioMobil, Thales Group are the leading players operating in Turkey IoT market. Service providers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several IoT service providers are coming up with their technologically advanced offerings.

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“The development of advanced wireless technologies ZigBee, Bluetooth, Digital Enhanced Cordless Telecommunications, and the growing adoption of pear-to-pear solutions such as AllSeen which allows direct device-to-device communication is allowing more devices to be connected. The high-end investments by the market players for the advancement of high-speed network connectivity and the research and development activities for making more efficient connected devices to improve the economic status of the country are expected to accelerate the market growth. The rapid growth of the industries and the growing awareness about the benefits of using smart technology is expected to propel the Tukey IoT market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Turkey IoT Market By Component (Hardware, Service, Software), By Type (B2B, B2C, B2G), By Application (Smart Manufacturing, Consumer Electronics, Building & Home Automation, Smart Mobility & Transportation, Connected Logistics, Others), By Region, Competition Forecast & Opportunities, 2026has evaluated the future growth potential of Turkey IoT market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of Turkey IoT market.


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