Global Internet of Things Statistics – Internet of Things (IoT) market worldwide is projected to grow by US$714.5 Billion, driven by a compounded growth of 32.6%. Applications & Analytics, one of the segments analyzed and sized in this study, displays the potential to grow at over 39.6%.
The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$363.3 Billion by the year 2025, Applications & Analytics will bring in healthy gains adding significant momentum to global growth.
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Representing the developed world, the United States will maintain a 36.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$19.6 Billion to the region’s size and clout in the next 5 to 6 years.
Over US$33.3 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Applications & Analytics will reach a market size of US$29.5 Billion by the close of the analysis period.
As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 30.6% over the next couple of years and add approximately US$114.2 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio.
Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
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