Internet of Things - Jordan
Jordan- The Internet of Things market (IoT) market is expected to witness significant growth in the coming years.
- By 2025, the projected revenue in this market is estimated to reach US$458.03m.
- Among the various segments within the IoT market, the automotive IoT market stands out as the dominant force.
- It is projected to have a market volume of US$122.56m by 2025.
- This indicates the immense potential and importance of IoT in the automotive industry.
- Furthermore, the revenue in the IoT market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 19.47% from 2025 to 2029.
- This steady growth is expected to result in a market volume of US$933.08m by 2029.
- In terms of global comparison, United States is predicted to generate the highest revenue in the IoT market.
- Specifically, it is projected to generate US$379.91bn in 2025.
- This highlights United States' strong position in the IoT industry.
- It is worth mentioning that these projections and estimates are not solely limited to in Jordan.
- They represent the global outlook for the IoT market and provide insights into the potential growth and revenue opportunities that lie ahead.
- Jordan is experiencing a surge in smart home adoption, with an increasing number of households integrating IoT devices for convenience and security.
- Key regions:
- United States,
- Australia,
- Canada,
- China,
- India
Definition:
The term Internet of Things (IoT) describes a network of physical and virtual devices that are able to communicate autonomously using the Internet Protocol (IP). The IoT market is defined by revenues generated specifically from components and services that enable connectivity and intelligence. These include hardware (e.g., sensors, chips, and other IoT-specific components), platforms (e.g., IoT platforms, security software), connectivity solutions (e.g., cellular, LoRa, SigFox), and services (e.g., equipment/system integration and maintenance).
For example, in the case of a smart security camera, only the IoT-related portion of the product contributes to the IoT revenue. This includes the components and features that make the camera "smart" and capable of connecting to the internet (such as IoT sensors or connectivity modules), but not the full price of the camera itself.
Structure:
The IoT market consists of 7 different segments. Consumer IoT includes connected devices used by end users for personal purposes such as smart security cameras or smart home hubs. Smart Finance covers IoT applications used in financial sectors such as insurance telematics/usage-based insurance, real estate, ATMs. IoT in Healthcare covers all IoT applications in a healthcare setting such as the ones used for patient care, remote patient monitoring and surgeries. The Industrial IoT covers IoT applications in Industrial settings such as the factory & agriculture automation, supply chain optimization and predictive maintenance. Automotive IoT covers IoT use cases in mobility and transportation settings, such as the V2X connections, advanced driver assistance systems (ADAS) & telematics solutions. Other IoT covers use cases such as the ones used in professional sports such as player or equipment tracking.
Additional information:
The Internet of Things market compromises of revenue, revenue growth, volume, IoT Investment, and a list of top companies and their consolidated revenues. Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.
The market is fragmented, but the key players in the market include Cisco (Cisco IoT platforms and software), Qualcomm, Dell EMC, and IBM.
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- Devices embedded with IoT sensors
- IoT technology software
- IoT connectivity revenues
- IoT equipment services
- Smartphones
- Laptops
- Tablets
- PCs
- Other devices whose sole purpose is internet access
