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. |
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