Internet of Things Market | Forecasts 2015-2021
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Transcript of Internet of Things Market | Forecasts 2015-2021
Global Internet of Things Market
Forecast 2015 – 2021
Occams Business Research & Consulting
2
Table of contents
•Introduction•IoT Architecture•Value Chain Analysis•Hybrid OR Market Segmentationo By applicationo By enabling technology
•Drivers of IoT Market•Restraints of IoT Market•Challenges of IoT Market•Opportunities of IoT Market•Market share Analysis•Key Strategies of Market Leaders•Geography Analysis•Market Estimation
OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD
Internet of things solutions enables wireless connectivity of devices which is changing the way people live and interact within their environment. Various IoT developments and the meteoric rise of smart devices and cloud based software and apps are transforming nearly every aspect of our lives. It is expected that globally up to 50 billion ‘smart’ devices, ranging from cars and parking meters to coffee machines and combine harvesters could be connected to the internet by 2020. The global IoT market is expected to grow at a CAGR of 16.05% during 2015-2021. The global internet of things market constitute of various wired and wireless technologies such as Radio Frequency Identification (RFID), Near Field Communication, Zigbee, Supervisory Control And Data Acquisition (SCADA) and so on. Various components that are used to establish the internet of things network such as sensors, device gateway, LAN, Router, Switch, Cloud also forms the internet of things market.
INTRODUCTION
4
Internet of Things Architechture
Internet of
ThingsDevice Data
Op
era
tio
na
l
Insi
ght
Bu
sin
ess
Insi
ght
Analytics
Data
Internet connected devices
Users or automated systemsFeedback & automated decisions
5
Value Chain Analysis
Source: OBRC Analysis
ChipVendor
Module Vendor
App/midware Vendor
Cloud Provider
MVNOs aggregator
System Integrator
ST Microelectronics,Qualcomm, Gemalto,Freescale, Danfoss, Telit, 3M, Intel, Varta
Device Manufacture
r
Solution Provider
Service Provider
System Integrator
IDE Technologies, IDEO, Quanta Computer, Flextronics, Synapse , Foxconn, Jabil, Frog, Cosmo Supply Lab
Sherlock SystemsTeraNova Consulting
GroupsProSystOracle
Microsot, Google, IBM,
Salesforce.com, Amazon, SAP AG,
ORACLE
Teleena, ASPIDER Solutions, Effortel
, Qualution, and Elephant
Talk.
Accenture, Capgemini, CSC, Fujitsu, Hitac
hi and IBM
Market Segmentation
Internet of things Market
North America-USA-CanadaEurope-UK-Spain-Germany-Italy-France
Exhaustive segmentation & estimations.
APAC-China-Japan-India-Thailand
Applications
Consumer Commercial
•Home•Lifestyle•Health •Mobility
•Retail•Health•Energy •Mobility•Cities•Manufacturing•Public Services•Others
By Enabling Technology
•RFID•M2M•SCADA•Zigbee•Cloud Management Services•Others
Geography
RoW-Latin America-MEA
OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD .
7
Cloud Management Services dominates the technological paradigm of IOT
Source: OBRC Analysis
Although there are numerous other technologies such as Zwave, among core enabling technologies Cloud Management services dominated the IoT market place and will continue to grow at the highest CAGR of 25.18% during 2015-2021.
RFIDM2MSCADAZigbeeCloud Management TechnologiesOthers
Adoption of IoT resulting into significant growth of big data.
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8
Segmentation by Applications
Consumer Commercial
IoT holds immense scope in commercial applications due to high demand from various industrial sectors such as governments, health, mobility, smart cities and so on.
Among various commercial applications mobility applications are expected to grow at the highest CAGR. However, public services holds the highest market share in 2013
Among the consumer applications Health applications which include various fitness devices such as smart watch.
OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD
Source: OBRC Analysis 9
Consumer Applications of IoT
HomeLifesyleHealthMobility
Consumer Life Style applications contribute to the highest market share among various consumer applications. However ,increasing awareness levels for various fitness devices will drive the growth of consumer health market . Innovations such as smart pills still needs regulatory approval which is expected to get approved during the forecasted period.
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10
Commercial Applications of IoT
Source: OBRC Analysis
Retail
Health
Energy
Mobility
Cities
Manufacturing
Public & Services
Others
Increasing demand for energy efficiency, alternative energy sources, Government initiatives drives the highest growth rate of Energy Market. Indian government -budget of US$ 1.1 billion for renewable energy plants. Public services hold the highest market share in 2013.
2013 2021
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Ubiquitous Networks to accelerate the growth in online population
Source: OBRC Analysis
According to the International Telecommunication Union, currently around 40% of the global population is connected to the internet and it is estimated that by 2019 this percentage will increase up to 57 %.
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 (est.)
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Number of users
OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD .
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Declining sensor price and advanced sensor technologies
2004 2006 2008 2010 2012 2014 2016e 2018e 2020e$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.30
$1.11
$0.95
$0.82
$0.70
$0.60
$0.51 $0.44
$0.38
13
Huge amount of money poured into IoT Markets
• In 2014, Google acquired smart thermostat maker Nest in $3.2 billion
• Intel, acquired Basis Science – the company manufacturing wearable health tracking
device. Intel intends to supply components and consumer products for sensor based
computing devices. The deal took place in 2014 for an undisclosed price though it
was rumored to be around $100 million.
• IBM has also ventured into IoT market and announced to invest $3 billion over the
next four years to establish a new unit dedicated to IoT and to build a cloud based
platforms designed for clients and ecosystem partners to build IoT solutions.
• IBM has also ventured into IoT market and announced to invest $3 billion over the
next four years to establish a new unit dedicated to IoT and to build a cloud based
platforms designed for clients and ecosystem partners to build IoT solutions.
OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD .
Increasing awareness and efforts for smart infrastructure development
Source: OBRC Analysis
North America
APAC
Europe
Other (RoW)
Total
2020
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Security Issues
Key Restraint of IoT Market – What is the Business Impact?
Number of data breaches in US in various sectors
2010 2011 2012 2013 20140
50
100
150
200
250
300
8095
110
7050
90 60
75
80
40
5098
85
80
70
OthersFinanceRetail
Demand for automation of business process pose huge opportunity before global IoT market.
Emergence of various Data handling Technologies to boost IOT adoption in business .
Growing demand from both commercial and consumer applications.
Opportunity Analysis & More….
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Market Share & Key Company Analysis
Source: OBRC Analysis
Microsoft
GE
IBM
Oracle
Qualcomm
SAP
Intel
Texas Instruments
Erricson
Others
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1. Product Launches to enhance IoT Product Line 2. Mergers & Acquisitions fueling investments in the IoT market
Step by Step Strategic Analysis & Business Implications of Market Participants
2008 2009 2010 2011 2012 2013 20140
10
20
30
40
50
60
9 712
1714
19
60
Google’s acquisition of Nest Labs in 2014
2015,Intel Corporation acquired Lantiq, supplier of of broadband access and home networking tech-nologies.
2014, Oracle has recently acquired MICROS systems, a provider of integrated software and hardware solutions to the Hospital & Re-tail Industries.
2015, NXP Semiconductor announced acquisi-tion of Athena SCS Ltd, a UK based company providing security solutions for the connected world.
19
Geographic Analysis……1
Global Internet of Things market by geography
Source: OBRC Analysis
2013 2021
North America
Europe
Asia Pacific
RoW
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•APAC is expected to be the most lucrative market in the next few years growing at the highest CAGR. The growing consumer income will drive adoption in consumer applications. However, growth in manufacturing sector in developing countries will boost the growth of commercial applications.
•Government regulations supporting the growth of IoT and various public and private funding driving the IoT growth in Europe. Having strong regulations in place will ensure the effective operability of the IoT concept in various application areas.
•North America is the world’s largest market for Internet of things with a great diversity of providers and higher adoption rates. However, it is a mature market in internet of things as compared to the other geographies, which will result in slow growth rate in future.
Increase in Awareness Levels Will Enable Quick Growth in Opportunity Markets
Source: OBRC Analysis
Global IoT Market by Commercial Applications
Market Estimation – Sample Tables
Global IoT Market by Consumer Applications
Source: OBRC Analysis
Consumer Apps 2013 2014 2015 2016 2017 2018 2019 2020 2021
CAGR% (2015-2021)
Home xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx
Lifesyle xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx
Health xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx
Mobility xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx
Total xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx
Commercial 2013 2014 2015 2016 2017 2018 2019 2020 2021
CAGR% (2015-2021)
Retail xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx
Health xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx
Energy xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx
Mobility xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx
Cities xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx
Manufacturing xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx
Public & Services xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx
Others xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx
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Market Estimation – Sample Tables
OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD .
Geography 2013 2014 2015 2016 2017 2018 2019 2020 2021
CAGR%(2015-2021)
North America XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX
Europe XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX
Asia Pacific XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX
RoW XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX
Total XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX
More Details Visit: Global Internet Of Things Market By Applications & Technologies (Consumer Services And Smart Homes, Automotive& Transit, Healthcare, Energy, Oil, Gas, Radio Frequency, M2M Communication, SCADA, Global Forecasts 2015- 2021
23
Upcoming Reports Contact:
Mr. Rahul Sharma
Occams Business Research & Consulting
1C-603, Versova Trishul CHS Ltd. Andheri West Mumbai 400 061, India
Phone: (+91) 98 505 53315
Email: [email protected]
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