Turkey IoT market is expected to witness
robust CAGR for the forecast period, 2023-2027. The rise in the number of
cyber-attacks and fraudulent activities is driving organizations to adopt the
internet of things for enhanced data security, security of equipment, among
others, is expected to drive the Turkey IoT market. High penetration of
internet services and the proliferation of smart devices are contributing to
fuel the market growth.
The presence of robust manufacturing infrastructure,
advanced banking and communication services, and smart retailing services in
Turkey is influencing the demand of the IoT market. The growing number of
initiatives by the leading authorities to implement advanced technologies to
enhance the quality of life is fueling the adoption of IoT by prominent
industry verticals. The rapid urbanization of people in search of better job
opportunities and improved living standards is aiding the government to make
plans for infrastructural development equipped with the latest technologies is
paving the way for the Turkey IoT market growth. The emergence of advanced data
analytics and the decline in the cost of connected devices and sensors is
boosting the Turkey IoT market growth.
With the growing demand for the adoption
of wireless technology as it is more convenient to maintain and cheaper than
wired technology. Data is transmitted through wireless technology at a higher
pace and is facilitating the communication between the sensors, software and
the other connected devices are paving the way for the growth of the Turkey IoT
Turkey IoT Market is segmented into
component, type, application, regional distribution, and company. Based on
component, the market can be divided into hardware, service, and software. The
software segment is expected to account for major market share for the forecast
period, 2023-2027. The use of smart devices enables to maintain the smooth
connection between the manufacturers and the end-users. End-to-end security is
crucial for both network and the device. The rise in the adoption of security
software solutions to protect confidential information from cyber-attacks and
fraudulent activities is expected to drive the demand of the software segment
for the next five years.
The major players operating in the Turkey
IoT market are Hyperlink InfoSystem, Turkcell, epcsht, Epigra,
Kuka apps, Inspark, ikol Mobile, reengen, TrioMobil, Thales Group, and others.
Major companies are developing advanced technologies and launching new services
to stay competitive in the market. Other competitive strategies include mergers
& acquisitions and new service developments.
Objective of the Study:
- To analyze the historical growth of the market size of Turkey
IoT market from 2017 to 2020.
- To estimate and forecast the market size of Turkey IoT market from 2021
to 2027 and growth rate until 2027.
- To classify and forecast Turkey IoT market based on component,
type, application, regional distribution, and company.
- To identify dominant region or segment in the Turkey IoT.
- To identify drivers and challenges for Turkey IoT.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in Turkey IoT.
- To identify and analyze the profile of leading players operating in
- To identify key sustainable strategies adopted by market players in
Turkey IoT market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of service providers across the country. Subsequently, TechSci Research
conducted primary research surveys with the identified companies. While
interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the service providers, distribution channels and presence of all
major players across the country.
Research calculated the market size of Turkey IoT market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- IoT service provider companies
- Market research and consulting firms
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums, and alliances related to IoT
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as service
providers, suppliers and partners, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
Revenue in USD Million, Volume in Units and CAGR for 2017-2021
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends
Region; Central Anatolia; Aegean Region; Mediterranean Region; Black Sea Region;
South Eastern Anatolia Region; Eastern Anatolia Region
Key companies profiled
Hyperlink InfoSystem, Turkcell, epcsht, Epigra, Kuka apps,
Inspark, ikol Mobile, reengen, TrioMobil, Thales Group.
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
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report in PPT/Word format on special request)
In this report, Turkey IoT market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
Turkey IoT Market, By Component:
- Turkey IoT Market, By Type:
- Turkey IoT Market, By Application:
& Home Automation
Mobility & Transportation
- Turkey IoT Market, By Region:
- Marmara Region
- Central Anatolia
- Aegean Region
- Mediterranean Region
- Black Sea Region
- South Eastern Anatolia Region
- Eastern Anatolia Region
Company Profiles: Detailed analysis of the major
companies present in Turkey IoT market.
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
- Detailed analysis and profiling of
additional market players (up to five).
Turkey 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]
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