The IoT in Construction Market Size was valued at USD 14.3 billion in 2023 and is projected to reach USD 48.2 Billion in 2031 with a growing CAGR of 16.4% Over the Forecast Period of 2024-2031.
The Internet of Things (IoT) plays a crucial role in the construction sector by leveraging electronically connected machinery and software to optimize resource utilization, implement a well-planned technical strategy, and effectively manage construction costs. Through IoT, a centralized server enables seamless connectivity between workers, inventory, and equipment, allowing for real-time monitoring and control of their operations. Presently, the construction industry relies on a diverse array of gadgets for multifaceted tasks.
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The building industry involves a substantial amount of labor and potential hazards. According to the Occupational Safety and Health Administration (OSHA), a division of the U.S. Department of Labor, there are approximately 251,500 construction sites in the United States employing around 6.49 million people. Unfortunately, the construction industry has a significantly higher rate of fatal injuries compared to other industries in the country. These injuries often result from risks such as trench collapse, falls, scaffold collapse, lack of proper protective equipment, repetitive motion injuries, and more.
To address these safety concerns, the integration of Internet of Things (IoT) technology into construction has become increasingly important. By utilizing smart wearables like smart glasses, wearable sensors, safety vests, wearable exoskeletons, and smart helmets, real-time safety management on construction sites is made possible. These devices enable active monitoring of workers' vital signs, such as breathing rate and heart rate, as well as their body's response to the work environment.
By implementing IoT technology and wearable devices, construction companies can enhance safety measures and reduce the risk of accidents. the ability to monitor and analyze data collected from these wearable technologies provides valuable insights into improving safety protocols and preventing future incidents.
Drivers
Improving Productivity through the Use of IoT on Construction Sites.
Concern related to workers Safety drives the demands for the market.
The construction industry stands to benefit greatly from the implementation of IoT technology. Already proven successful in healthcare, manufacturing, automotive, and other sectors where efficient systems management and automation are paramount, IoT has the potential to revolutionize safety and productivity on construction sites.
By interconnecting devices and systems, IoT enables them to sync with a central server, simplifying monitoring processes. This allows supervisors to carry out their tasks with greater efficiency and gain a comprehensive understanding of all aspects of a project. Furthermore, supervisors are able to address issues firsthand, enabling them to swiftly tackle any challenges that arise. IoT also plays a crucial role in reducing downtime and preventing machine failure. Through IoT, the movement, status, and progress of machinery can be controlled and reported in real-time, providing an unprecedented level of precision. This connectivity is invaluable for planning and coordinating other activities, ultimately leading to increased productivity and reduced delays.
Restrains
The High Initial Cost of Internet of Things (IoT) in the Construction Industry
While the Internet of Things (IoT) presents numerous benefits and potential cost savings in the construction sector, the initial investment required to implement this technology is substantial. For example, the Building Information Modeling (BIM) software utilized for 3D modeling can range from USD 3,100 to USD 5,200. Moreover, the software necessitates a significant amount of training to effectively utilize its capabilities. In addition to the software expenses, the costs associated with training and services are also considerable. It is worth noting that in certain countries, the wages provided to workers in the construction industry are significantly low. Consequently, construction companies may be hesitant to adopt IoT technology as it further increases the overall project costs. This reluctance stems from the belief that the benefits of IoT may not outweigh the financial burden it imposes.
Opportunities
An increase in quick construction demand are creates an opportunity for the market.
The government's approach towards the establishment of smart cities is set to significantly enhance the demand for the Internet of Things (IoT) in the construction industry.
Challenges
Need of skillful manpower to operate with this technology.
Geopolitical tensions and economic sanctions can lead to global economic uncertainty, which affects construction projects. When economic conditions are uncertain, construction companies may delay or cancel IoT-related projects due to financial concerns. Geopolitical events can lead to changes in regulations and trade policies that impact IoT in construction. For example, changes in import/export regulations, data transfer agreements, and intellectual property protections can affect the flow of IoT technology and related services. The war has created geopolitical instability, which can affect the willingness of construction companies to invest in long-term projects. Instability can lead to delays or project cancellations, which, in turn, may impact the adoption of IoT solutions. Conflict can damage physical infrastructure, making it challenging to deploy and maintain IoT devices in certain areas. Construction companies may need to divert resources from IoT projects to repair and secure infrastructure affected by the conflict. Geopolitical conflicts can lead to an increased focus on building resilient infrastructure and construction projects. This may drive construction companies to invest in IoT solutions that enhance project resilience and adaptability to changing circumstances. Investors may become more cautious about investing in construction-related IoT startups or projects in regions affected by geopolitical conflicts. This could impact the flow of capital into the industry.
Impact of Recession
During a recession, construction projects are often delayed or canceled due to economic uncertainty and reduced funding. This can affect the adoption of IoT in construction, as companies may delay or scale back investments in new technologies. On the flip side, a recession can drive construction companies to seek cost reductions and improve efficiency. IoT can play a crucial role in achieving these goals by optimizing resource allocation, reducing energy consumption, and enhancing project management. As construction companies seek ways to do more with less, they may turn to IoT solutions. Maintaining a safe work environment and ensuring regulatory compliance are top priorities in the construction industry. IoT can help in this regard by providing real-time monitoring and data collection on equipment, worker safety, and environmental conditions. During a recession, regulatory scrutiny might increase, making IoT solutions more attractive. Companies with a long-term perspective may continue to invest in IoT during a recession, viewing it as a strategic move to position themselves for future growth when the economy rebounds.
By Application
Remote Operations
Safety Management
Predictive Maintenance
Others
By Offering
Hardware
Software
Services
By End-use
Commercial
Residential
The IoT in the construction market has been categorized into hardware, software, and services based on the offerings. It is projected that the software segment will hold the largest share in the overall IoT in construction market. This can be attributed to the persistent efforts of companies in developing software that effectively represents multiple parameters on the dashboard, as well as the growing utilization of analytics for enhanced decision-making. As a result, there is a rising demand for software in this sector.
North America holds the title of being the largest IoT in the construction market, and this trend is expected to persist. The North American region can be further divided into the United States, Mexico, and Canada. The dominance of North America in this market can be attributed to the widespread acceptance of IoT in construction by various construction OEMs in the region. Notably, many key players in the IoT in the construction market, such as Oracle Corporation, Caterpillar Inc., and CalAmp Corp., have their headquarters in North America. Moreover, the region is witnessing a surge in investment in infrastructure and construction projects, which is a significant driving force behind the increasing adoption of IoT in the North American construction industry.
The European market is poised to experience the highest Compound Annual Growth Rate (CAGR) throughout the forecast period. This growth can be attributed to remarkable technological advancements and a surge in residential construction recovery. Moreover, Europe is expected to exhibit the largest incremental potential among all regional markets during this period.
The Asia Pacific IoT in construction market is anticipated to witness substantial growth in the forecast period. This can be attributed to the widespread adoption of cutting-edge technologies in the region. Additionally, the rapid urbanization and robust expansion of the construction industry in countries like China, India, Japan, and Singapore are expected to fuel the adoption of IoT technology in the construction sector.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major players in the market are Oracle Corporation, Hexagon AB, Trimble, Inc., Hilti Corporation, CalAmp Corporation, Advanced Opto-Mechanical Systems and Technologies Inc., Pillar Technologies, Inc., WorldSensing, Autodesk, Inc., Triax Technologies, Inc. Topcon Corporation, and others in the final report.
In May 2022, Giatec Scientific, Inc. formed a strategic partnership with Heidelberg Cement to revolutionize the concrete industry and enhance Heidelberg Cement's digital offerings through the implementation of Giatec's cutting-edge technology. This collaboration has not only expanded Heidelberg Cement's global presence but also solidified its position in over 50 countries worldwide.
In October 2021, Hilti Corporation unveiled its latest innovation, the Jaibot, a cutting-edge semi-autonomous mobile ceiling drilling robot specifically designed for the construction industry. The Hilti Jaibot revolutionizes construction practices by addressing key challenges such as productivity, labor safety, and the ongoing labor shortage. With its launch, Hilti aims to spearhead the digitization of construction sites, ushering in a new era of efficiency and technological advancement.
Similarly, in February 2021, Oracle introduced a groundbreaking suite of solutions tailored for the construction industry. Leveraging the power of artificial intelligence (AI), these innovative applications enable users to analyze project data with unparalleled precision. By harnessing AI technology, Oracle empowers construction professionals to identify potential risks and make well-informed decisions, ultimately enhancing project outcomes.
In October 2019, Trimble Inc. made an exciting announcement regarding its acquisition of Azteca Systems LLC, a US-based company also known as Cityworks. This strategic move by Trimble aims to broaden its portfolio for Architecture, Engineering, and Construction (AEC) firms, as well as software system integrators.
| Report Attributes | Details |
| Market Size in 2023 | US$ 14.3 Bn |
| Market Size by 2031 | US$ 48.2 Bn |
| CAGR | CAGR of 16.4% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Application (Remote Operations, Safety Management, Fleet Management, Predictive Maintenance, Others) • By Offering (Hardware, Software, Services) • By End-use (Commercial, Residential) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Oracle Corporation, Hexagon AB, Trimble, Inc., Hilti Corporation, CalAmp Corporation, Advanced Opto-Mechanical Systems and Technologies Inc., Pillar Technologies, Inc., WorldSensing, Autodesk, Inc., Triax Technologies, Inc. Topcon Corporation |
| Key Drivers | • Improving Productivity through the Use of IoT on Construction Sites. • Concern related to workers Safety drives the demands for the market. |
| Market Restraints | • The High Initial Cost of Internet of Things (IoT) in the Construction Industry |
Ans: The market is expected to grow to USD 40.92 billion by the forecast period of 2030.
Ans. The CAGR of the IoT in Construction Market for the forecast period 2022-2030 is 15.98%.
Ans: Yes, you can buy reports in bulk quantity as per your requirements. Check Here for more details.
The major players in the market are Oracle Corporation, Hexagon AB, Trimble, Inc., Hilti Corporation, CalAmp Corporation, Advanced Opto-Mechanical Systems and Technologies Inc., WorldSensing, Autodesk, Inc., Triax Technologies, Inc. and others in the final report.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. IoT in Construction Market, By Application
8.1 Remote Operations
8.2 Safety Management
8.3 Fleet Management
8.4 Predictive Maintenance
8.5 Others
9. IoT in Construction Market, By Offering
9.1 Hardware
9.2 Software
9.3 Services
10. IoT in Construction Market, By End-use
10.1 Commercial
10.2 Residential
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America IoT in Construction Market By Country
11.2.2North America IoT in Construction Market By Application
11.2.3 North America IoT in Construction Market By Offering
11.2.4 North America IoT in Construction Market By End-use
11.2.5 USA
11.2.5.1 USA IoT in Construction Market By Application
11.2.5.2 USA IoT in Construction Market By Offering
11.2.5.3 USA IoT in Construction Market By End-use
11.2.6 Canada
11.2.6.1 Canada IoT in Construction Market By Application
11.2.6.2 Canada IoT in Construction Market By Offering
11.2.6.3 Canada IoT in Construction Market By End-use
11.2.7 Mexico
11.2.7.1 Mexico IoT in Construction Market By Application
11.2.7.2 Mexico IoT in Construction Market By Offering
11.2.7.3 Mexico IoT in Construction Market By End-use
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe IoT in Construction Market by Country
11.3.1.2 Eastern Europe IoT in Construction Market By Application
11.3.1.3 Eastern Europe IoT in Construction Market By Offering
11.3.1.4 Eastern Europe IoT in Construction Market By End-use
11.3.1.5 Poland
11.3.1.5.1 Poland IoT in Construction Market By Application
11.3.1.5.2 Poland IoT in Construction Market By Offering
11.3.1.5.3 Poland IoT in Construction Market By End-use
11.3.1.6 Romania
11.3.1.6.1 Romania IoT in Construction Market By Application
11.3.1.6.2 Romania IoT in Construction Market By Offering
11.3.1.6.4 Romania IoT in Construction Market By End-use
11.3.1.7 Turkey
11.3.1.7.1 Turkey IoT in Construction Market By Application
11.3.1.7.2 Turkey IoT in Construction Market By Offering
11.3.1.7.3 Turkey IoT in Construction Market By End-use
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe IoT in Construction Market By Application
11.3.1.8.2 Rest of Eastern Europe IoT in Construction Market By Offering
11.3.1.8.3 Rest of Eastern Europe IoT in Construction Market By End-use
11.3.2 Western Europe
11.3.2.1 Western Europe IoT in Construction Market By Application
11.3.2.2 Western Europe IoT in Construction Market By Offering
11.3.2.3 Western Europe IoT in Construction Market By End-use
11.3.2.4 Germany
11.3.2.4.1 Germany IoT in Construction Market By Application
11.3.2.4.2 Germany IoT in Construction Market By Offering
11.3.2.4.3 Germany IoT in Construction Market By End-use
11.3.2.5 France
11.3.2.5.1 France IoT in Construction Market By Application
11.3.2.5.2 France IoT in Construction Market By Offering
11.3.2.5.3 France IoT in Construction Market By End-use
11.3.2.6 UK
11.3.2.6.1 UK IoT in Construction Market By Application
11.3.2.6.2 UK IoT in Construction Market By Offering
11.3.2.6.3 UK IoT in Construction Market By End-use
11.3.2.7 Italy
11.3.2.7.1 Italy IoT in Construction Market By Application
11.3.2.7.2 Italy IoT in Construction Market By Offering
11.3.2.7.3 Italy IoT in Construction Market By End-use
11.3.2.8 Spain
11.3.2.8.1 Spain IoT in Construction Market By Application
11.3.2.8.2 Spain IoT in Construction Market By Offering
11.3.2.8.3 Spain IoT in Construction Market By End-use
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands IoT in Construction Market By Application
11.3.2.9.2 Netherlands IoT in Construction Market By Offering
11.3.2.9.3 Netherlands IoT in Construction Market By End-use
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland IoT in Construction Market By Application
11.3.2.10.2 Switzerland IoT in Construction Market By Offering
11.3.2.10.3 Switzerland IoT in Construction Market By End-use
11.3.2.11.1 Austria
11.3.2.11.2 Austria IoT in Construction Market By Application
11.3.2.11.3 Austria IoT in Construction Market By Offering
11.3.2.11.4 Austria IoT in Construction Market By End-use
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe IoT in Construction Market By Application
11.3.2.12.2 Rest of Western Europe IoT in Construction Market By Offering
11.3.2.12.3 Rest of Western Europe IoT in Construction Market By End-use
11.4 Asia-Pacific
11.4.1 Asia-Pacific IoT in Construction Market by Country
11.4.2 Asia-Pacific IoT in Construction Market By Application
11.4.3 Asia-Pacific IoT in Construction Market By Offering
11.4.4 Asia-Pacific IoT in Construction Market By End-use
11.4.5 China
11.4.5.1 China IoT in Construction Market By Application
11.4.5.2 China IoT in Construction Market By Offering
11.4.5.3 China IoT in Construction Market By End-use
11.4.6 India
11.4.6.1 India IoT in Construction Market By Application
11.4.6.2 India IoT in Construction Market By Offering
11.4.6.3 India IoT in Construction Market By End-use
11.4.7 Japan
11.4.7.1 Japan IoT in Construction Market By Application
11.4.7.2 Japan IoT in Construction Market By Offering
11.4.7.3 Japan IoT in Construction Market By End-use
11.4.8 South Korea
11.4.8.1 South Korea IoT in Construction Market By Application
11.4.8.2 South Korea IoT in Construction Market By Offering
11.4.8.3 South Korea IoT in Construction Market By End-use
11.4.9 Vietnam
11.4.9.1 Vietnam IoT in Construction Market By Application
11.4.9.2 Vietnam IoT in Construction Market By Offering
11.4.9.3 Vietnam IoT in Construction Market By End-use
11.4.10 Singapore
11.4.10.1 Singapore IoT in Construction Market By Application
11.4.10.2 Singapore IoT in Construction Market By Offering
11.4.10.3 Singapore IoT in Construction Market By End-use
11.4.11 Australia
11.4.11.1 Australia IoT in Construction Market By Application
11.4.11.2 Australia IoT in Construction Market By Offering
11.4.11.3 Australia IoT in Construction Market By End-use
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific IoT in Construction Market By Application
11.4.12.2 Rest of Asia-Pacific IoT in Construction Market By Offering
11.4.12.3 Rest of Asia-Pacific IoT in Construction Market By End-use
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East IoT in Construction Market by country
11.5.1.2 Middle East IoT in Construction Market By Application
11.5.1.3 Middle East IoT in Construction Market By Offering
11.5.1.4 Middle East IoT in Construction Market By End-use
11.5.1.5 UAE
11.5.1.5.1 UAE IoT in Construction Market By Application
11.5.1.5.2 UAE IoT in Construction Market By Offering
11.5.1.5.3 UAE IoT in Construction Market By End-use
11.5.1.6 Egypt
11.5.1.6.1 Egypt IoT in Construction Market By Application
11.5.1.6.2 Egypt IoT in Construction Market By Offering
11.5.1.6.3 Egypt IoT in Construction Market By End-use
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia IoT in Construction Market By Application
11.5.1.7.2 Saudi Arabia IoT in Construction Market By Offering
11.5.1.7.3 Saudi Arabia IoT in Construction Market By End-use
11.5.1.8 Qatar
11.5.1.8.1 Qatar IoT in Construction Market By Application
11.5.1.8.2 Qatar IoT in Construction Market By Offering
11.5.1.8.3 Qatar IoT in Construction Market By End-use
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East IoT in Construction Market By Application
11.5.1.9.2 Rest of Middle East IoT in Construction Market By Offering
11.5.1.9.3 Rest of Middle East IoT in Construction Market By End-use
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by country
11.5.2.2 Africa IoT in Construction Market By Application
11.5.2.3 Africa IoT in Construction Market By Offering
11.5.2.4 Africa IoT in Construction Market By End-use
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria IoT in Construction Market By Application
11.5.2.5.2 Nigeria IoT in Construction Market By Offering
11.5.2.5.3 Nigeria IoT in Construction Market By End-use
11.5.2.6 South Africa
11.5.2.6.1 South Africa IoT in Construction Market By Application
11.5.2.6.2 South Africa IoT in Construction Market By Offering
11.5.2.6.3 South Africa IoT in Construction Market By End-use
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa IoT in Construction Market By Application
11.5.2.7.2 Rest of Africa IoT in Construction Market By Offering
11.5.2.7.3 Rest of Africa IoT in Construction Market By End-use
11.6 Latin America
11.6.1 Latin America IoT in Construction Market by Country
11.6.2 Latin America IoT in Construction Market By Deployment Type
11.6.3 Latin America IoT in Construction Market By Offering
11.6.4 Latin America IoT in Construction Market By End-use
11.6.5 Brazil
11.6.5.1 Brazil IoT in Construction Market By Deployment Type
11.6.5.2 Brazil IoT in Construction Market By Offering
11.6.5.3 Brazil IoT in Construction Market By End-use
11.6.6 Argentina
11.6.6.1 Argentina IoT in Construction Market By Deployment Type
11.6.6.2 Argentina IoT in Construction Market By Offering
11.6.6.3 Argentina IoT in Construction Market By End-use
11.6.7 Colombia
11.6.7.1 Colombia IoT in Construction Market By Application
11.6.7.2 Colombia IoT in Construction Market By Offering
11.6.7.3 Colombia IoT in Construction Market By End-use
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America IoT in Construction Market By Deployment Type
11.6.8.2 Rest of Latin America IoT in Construction Market By Offering
11.6.8.3 Rest of Latin America IoT in Construction Market By End-use
12. Company profile
12.1 Oracle Corporation
12.1.1 Company Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Hexagon AB.
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Trimble, Inc.
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Hilti Corporation.
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Advanced Opto-Mechanical Systems and Technologies Inc.
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Pillar Technologies, Inc.
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Autodesk, Inc.
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Triax Technologies, Inc.
12.8.1 Company overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Topcon Corporation.
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 WorldSensing.
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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The LTE IoT market size was valued at USD 2.97 Bn in 2022 and is expected to reach USD 23.23 Bn by 2030, and grow at a CAGR of 29.3 % over the forecast period 2023-2030.
The Social Media Analytics Market size was valued at USD 8.08 billion in 2023 and is expected to grow to USD 55.44 billion by 2031 and grow at a CAGR of 27.2% over the forecast period of 2024-2031.
The Managed Detection and Response (MDR) Market size was USD 2.7 billion in 2022 and is expected to Reach USD 14.6 billion by 2030 and grow at a CAGR of 23.5% over the forecast period of 2023-2030.
The Automatic Identification and Data Capture Market size was valued at USD 53.46 billion in 2022 and is expected to grow to USD 133.31 billion by 2030 and grow at a CAGR of 12.1% over the forecast period of 2023-2030.
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