Dublin, Aug. 27, 2024 (GLOBE NEWSWIRE) -- The "Asia-Pacific IoT Technology Market Size, Share & Trends Analysis, 2024-2031" report has been added to ResearchAndMarkets.com's offering.
The Asia-Pacific IoT Technology Market is projected to witness market growth of 12.3% CAGR during the forecast period (2024-2031).
The China market dominated the Asia-Pacific IoT Technology Market by country in 2023, and should continue to be a dominant market till 2031; thereby, achieving a market value of $137.51 billion by 2031. The Japan market is registering a CAGR of 11.7% during 2024-2031. Additionally, the India market would showcase a CAGR of 13% during 2024-2031.
The proliferation of internet infrastructure, including broadband networks and wireless connectivity technologies like 4G and 5G, provides the backbone for IoT deployments. These robust and widespread connectivity options enable seamless communication between IoT devices, sensors, and platforms, regardless of geographical location. The IoT technology market encompasses a vast array of connected devices, including smartphones, tablets, wearables, smart home devices, industrial sensors, and more. As these devices become increasingly prevalent, more people gain access to the Internet through them, contributing to the growth of Internet user numbers.
With more people gaining access to technology and embracing digital lifestyles in the Asia-Pacific, the industry for electronic devices is still expanding, creating lucrative opportunities for manufacturers and retailers in the Asia-Pacific's region IoT technology market. According to the State Council of the People's Republic of China, in 2022, China's major electronic information manufacturers have an annual main business revenue of at least 20 million yuan each. During the January-August period, the added value of the sector's leading companies increased by 9.3% on an annual basis. The combined operational revenue of these companies exceeded 9.52 trillion yuan, or over $1.34 trillion. Therefore, electronic devices are playing a significant role in boosting the market across the Asia Pacific region.
List of Key Companies Profiled
- Intel Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Texas Instruments, Inc.
- STMicroelectronics N.V.
- Cisco Systems, Inc.
- IBM Corporation
- Microsoft Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- PTC, Inc.
- TE Connectivity Ltd.
Key Topics Covered:
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific IoT Technology Market, by End Use
1.4.2 Asia Pacific IoT Technology Market, by Component
1.4.3 Asia Pacific IoT Technology Market, by Node Component
1.4.4 Asia Pacific IoT Technology Market, by Country
1.5 Methodology for the Research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnership and Collaboration: 2020, Nov - 2024, May) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Asia Pacific IoT Technology Market by End Use
5.1 Asia Pacific Industrial Market by Country
5.2 Asia Pacific Consumer Market by Country
Chapter 6. Asia Pacific IoT Technology Market by Component
6.1 Asia Pacific Software Solution Market by Country
6.2 Asia Pacific IoT Technology Market by Software Solution Type
6.3 Asia Pacific Platform Market by Country
6.4 Asia Pacific IoT Technology Market by Platform Type
6.5 Asia Pacific Services Market by Country
6.6 Asia Pacific IoT Technology Market by Services Type
Chapter 7. Asia Pacific IoT Technology Market by Node Component
7.1 Asia Pacific Processor Market by Country
7.2 Asia Pacific Logic Device Market by Country
7.3 Asia Pacific Memory Device Market by Country
7.4 Asia Pacific Sensor Market by Country
7.5 Asia Pacific Connectivity IC Market by Country
Chapter 8. Asia Pacific IoT Technology Market by Country
8.1 China IoT Technology Market
8.2 Japan IoT Technology Market
8.3 India IoT Technology Market
8.4 South Korea IoT Technology Market
8.5 Singapore IoT Technology Market
8.6 Malaysia IoT Technology Market
8.7 Rest of Asia Pacific IoT Technology Market
Chapter 9. Company Profiles
9.1 Intel Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent Strategies and Developments
9.1.5.1 Partnerships, Collaborations, and Agreements
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Qualcomm Incorporated (Qualcomm Technologies, Inc.)
9.3 Texas Instruments, Inc.
9.4 STMicroelectronics N.V.
9.5 Cisco Systems, Inc.
9.6 IBM Corporation
9.7 Microsoft Corporation
9.8 Amazon Web Services, Inc. (Amazon.com, Inc.)
9.9 PTC, Inc.
9.10. TE Connectivity Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/c03bmc
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