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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