Asia Pacific Consumer Iot Market Size & Outlook, 2023-2030
Asia Pacific consumer iot market, 2018-2030 (US$M)
Related Markets
Asia Pacific consumer iot market highlights
- The Asia Pacific consumer iot market generated a revenue of USD 101.2 million in 2023.
- The market is expected to grow at a CAGR of 12% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 101.2 million |
| Market revenue in 2030 | USD 224.0 million |
| Growth rate | 12% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Alphabet Inc Class A, Amazon.com Inc, Apple Inc, Cisco Systems Inc, Honeywell International Inc, International Business Machines Corp, Intel Corp, Microsoft Corp, Samsung Electronics Co Ltd, AT&T, LG Energy Solution |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 42.0% of the global consumer iot market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 27.5 million by 2030.
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Consumer IoT Market Scope
Consumer IoT Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific consumer iot market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to consumer iot market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 36.66% in 2023. Horizon Databook has segmented the Asia Pacific consumer iot market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Asia Pacific consumer iot market databook
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Our clientele includes a mix of consumer iot market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific consumer iot market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific consumer iot market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific consumer iot market size, by country, 2018-2030 (US$M)
Asia Pacific Consumer IoT Market Outlook Share, 2023 & 2030 (US$M)
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