Asia Pacific Internet Of Things (iot) In Retail Market Size & Outlook
Asia Pacific internet of things (iot) in retail market, 2018-2030 (US$B)
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Asia Pacific internet of things (iot) in retail market highlights
- The Asia Pacific internet of things (iot) in retail market generated a revenue of USD 15.2 billion in 2023.
- The market is expected to grow at a CAGR of 32.7% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Platform 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 15.2 billion |
| Market revenue in 2030 | USD 110.4 billion |
| Growth rate | 32.7% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Platform |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Hardware, Platform, Services |
| Key market players worldwide | Cisco Systems Inc, International Business Machines Corp, Intel Corp, SAP SE, ARM Holdings PLC ADR, SoftBank Group Corp, Alphabet Inc Class A, Microsoft Corp, NXP Semiconductors NV, PTC, Aviva PLC, Avnet Inc, Verizon Communications Inc, Zebra Technologies Corp Class A |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 29.6% of the global internet of things (iot) in retail market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 110.4 billion by 2030.
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Internet Of Things (IoT) In Retail Market Scope
Internet Of Things (IoT) In Retail Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific internet of things (iot) in retail 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 internet of things (iot) in retail market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 44.74% in 2023. Horizon Databook has segmented the Asia Pacific internet of things (iot) in retail market based on hardware, platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
Moreover, the increasing adoption of location-based services and real-time systems is expected to augment regional market growth. A decline in sensor prices, along with the convergence of technologies, such as analytics, mobility, cloud, and big data, is driving the adoption of IoT solutions across the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific internet of things (iot) in retail market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific internet of things (iot) in retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific internet of things (iot) in retail market size, by country, 2018-2030 (US$B)
Asia Pacific Internet Of Things (IoT) In Retail Market Outlook Share, 2023 & 2030 (US$B)
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