IoT Market in the UK to Grow by USD 21.81 billion | Industry 4.0 to Drive Growth | Technavio

NEW YORK, Dec. 8, 2021 /PRNewswire/ — Some of the primary growth drivers for this market are Industry 4.0, growing demand for smart homes, and the large-scale benefits of using IoT devices. Industries worldwide are implementing Industry 4.0 to optimize material flows and detect errors during the early stages product lifecycle.

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The IoT market in UK is expected to grow by USD 21.81 bn from 2021 to 2026. The growth momentum of the market is expected to accelerate at a CAGR of 11.80%. The market is expected to post a year-over-year growth rate of 10.86%.

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Market Segmentation Analysis

  • The IoT market in UK has been segmented by technology (RFID, sensors, NFC, cloud services, and others) and end-user (industrial, retail, healthcare, ICT, and others).
  • By technology, the RFID segment is expected to have significant market share growth during the forecast period.
  • The growth of the retail and healthcare industries is driving the adoption of RFID systems.

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Notes:

  • The IoT market in UK is expected to accelerate at a CAGR of 11.80% during the forecast period.
  • The market is fragmented due to the presence of many vendors holding significant market share.
  • The research report offers information on several market vendors, including 8power Ltd., Adaptive Wireless Solutions Ltd., Altiux Innovations Pvt. Ltd., Amazon.com Inc., Apple Inc., Arm Ltd., AT and T Inc., Eseye, EVRYTHNG Ltd., and Oracle Corp.

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IoT Market In UK Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 11.80%

Market growth 2022-2026

USD 21.81 billion

Market structure

Fragmented

YoY growth (%)

10.86

Regional analysis

UK

Performing market contribution

UK at 100%

Key consumer countries

UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

8power Ltd., Adaptive Wireless Solutions Ltd., Altiux Innovations Pvt. Ltd., Amazon.com Inc., Apple Inc., Arm Ltd., AT and T Inc., Eseye, EVRYTHNG Ltd., and Oracle Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Website: www.technavio.com/

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IoT Market in the UK to Grow by USD 21.81 billion | Industry 4.0 to Drive Growth | Technavio WeeklyReviewer

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