Internet of Things - Switzerland
Switzerland- The IoT market in Switzerland is expected to witness significant growth in the coming years.
- According to projections, the revenue in this market is estimated to reach US$7.59bn by 2025.
- Among the various sectors within the IoT market, the automotive IoT market is expected to dominate, with a projected market volume of US$2.09bn in 2025.
- This indicates the potential for substantial revenue generation and development in Switzerland's automotive IoT sector.
- Furthermore, the IoT market in Switzerland is anticipated to exhibit a steady annual growth rate of 19.55% from 2025 to 2029.
- This growth trajectory is expected to result in a market volume of US$15.51bn by 2029.
- These figures highlight the country's position as a key player in the global IoT market.
- In terms of global comparison, United States is projected to generate the highest revenue in the IoT market, with an estimated revenue of US$379.91bn in 2025.
- This statistic emphasizes the competitive landscape and market dynamics within the IoT industry, where United States holds a significant market share.
- The Internet of Things market presents immense opportunities for Switzerland to leverage technological advancements and drive economic growth.
- With its robust revenue projections and dominance in the automotive IoT sector, in Switzerland is poised to establish itself as a prominent player in the global IoT market.
- Switzerland's strong focus on precision engineering and high-quality manufacturing positions it as a leader in the Internet of Things market, particularly in the healthcare and smart cities sectors.
- XMO_HIGHLIGHTS_PROMOTED_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
