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INDUSTRIES
&
MARKETSOther
IoT:
market
data&
analysisMarket
InsightsreportSeptember2023Table
of
ContentsOverviewAppendixSummary567Product
OverviewAuthor1617MarketDefinitionKeyTakeawaysMarket
NumbersRevenue9NumberofOtherIoT
connections122MARKET
INSIGHTSThis
report
is
part
ofour
Market
Insights
productGainabetterunderstandingofmarketsacross190+
geographicalentities
–
onaglobal,
regional,country,
and/orstatelevel.
Accessourdatavia
webinterface,download(XLS,
PDF,PPT),or
reports.Benefitfromour48-hourcustomerservice
guarantee.•
10
sectors:
advertising&media,consumers,countries,digital
sector,finance,health,
industrialsector,mobility,andtechnology•
1,000+
markets,
e.g.,
FinTech,Food,or
Robotics•
KPIs,
e.g.,
revenue,marketshares,prices,andvolume•
Features:Compare
countries®ions,
change
currencies,
selectvisualizations,
and/or
customize
downloads•
Usecases:
sales
planning,
investment
decision
support,resourceallocation,andportfolio
management10sectors190+geographicalentities1,000+markets400+reportsFind
out
more
on:https://www.Goto
Market
Insightscom/outlook/3CHAPTER
1OverviewThe
Other
IoT
market
is
a
fast
growing
marketOverview:
SummarySummaryThelistofInternet
ofThings(IoT)
applicationisconstantly
developing,
andnewusecases
areemerging.
Thebenefitsseen
inother
industriesand
sectors
suchasautomotive
or
finance
isinspiring
others
tofind
anddevelop
other
usecases.Oneoftheexamples
that’s
becoming
anorminprofessional
sportsindustryisembedding
thesportsequipment
withIoT
sensors
inorder
toprovide
real-timeperformance
data,
includingspeed,
acceleration
and
other
metrics,
helpingathletesoptimize
theirtrainingand
performance,
and
judgestokeep
atrackofthecompetition
results.Ineducation
sector,
IoT
isbeing
used
to
provide
personalized
learning
bycollecting
data
on
studentbehavior
and
learning
preferences,
while
making
thestudentsmore
engaged.
Example
ofsuch
arethe
interactive
whiteboards
whichprovide
more
collaborative
andinteractive
learning
environment.5Sources:Market
Insights
2023Other
IoT
is
an
important
part
of
the
Internet
of
Things
marketOverview:
Market
DefinitionMarket
definitionOtherInternetof
Things(IoT)market
covers
usecases
thatare
notspecificallymentioned
intheothermarkets.
Exampleof
usecasesrangefrom
government,tourism,
professional
sports,education,or
military
usecases.
Thislistisnonexhaustive,
asthenewIoTusecases
arebeingintroduced.Some
of
the
key
playersincludeSamsung,Microsoft
andQuectel.TheInternet
of
Things
market
compromises
of
revenue,
revenue
growth,
IoTInvestment,
and
alist
oftopcompanies
and
theirconsolidated
revenues.
Themarket
consistsof
pureIoT
revenues
generated
through
thesaleof
hardware(suchassensors,
chips,andother
hardware),
platforms
(IoTplatforms,
securitysoftware
andothersoftware),
connectivity
(cellular,
LoRa,SigFoxand
otherconnectivity)
and
services
(integration
&maintenance
ofequipment
&systems).
Asanexample,
thepureIoTrevenue
forasmart
security
camera
isonly
thecomponent
thatmakesthecamera
"smart"
andconnected,
notthefullproductprice.
Reported
market
revenues
includespendingbyconsumers
(B2C),enterprises
(B2B)
aswell
as
governments
(B2G).
Revenues
are
allocatedtothecountry
where
themoney
isspent.6Sources:Market
Insights
2023Other
IoT
accounted
for
1.99%
of
the
Internet
of
Things
market
revenue
in
2022Overview:
Key
Takeaways
and
inscope
/outof
scopeKeyTakeawaysInscopeOutof
scopeWorldwide,
therevenue
intheOtherIoT
market
is
estimated
to
reach
US$24.40bnin2023.Thismarket
includes:Thismarket
excludes:Itisexpected
thatthe
revenue
will
demonstrate
anannualgrowth
rate(CAGR2023-2028)
of15.37%,
leading
to
amarket
volume
of
US$49.88bn
by2028.•Government
usecases•Tourism
usecases•Consumer
IoT
devices•Automotive
IoT
devices•IoTinHealthcare
devices•IndustrialIoT(IIoT)
devices•SmartCities‘
devicesWhen
compared
globally,inthe
UnitedStatesisprojected
tobegenerated
themost
revenue
of
US$3.01bn
in2023
inthismarket
segment.•Professional
sportsusecases•Military
usecasesWithitsadvanced
technological
infrastructure
and
highdemand
forsmart
devices,theworldwide
market
fordifferent
IoT
solutionsis
thriving,and
countries
like
theUnited
StatesandChina
areleading
theway
ininnovation.•Usecases
notmentioned
inothersegments•SmartFinancedevices7Sources:Market
Insights
2023CHAPTER
2Market
NumbersOther
IoT
revenues
are
estimated
to
increase
at
a
CAGR(1)
of
8.3%
from2018
to2028Market
Size:
Globalrevenue
forecast
inbillionUS$49.8844.78+8.3%(1)39.6934.5929.5024.4022.52201819.31202217.76202011.70201910.1020212023202420252026202720289Notes:(1)
CAGR:
Compound
Annual
GrowthRateMarket
Insights
2023Sources:With
revenue
of
US$
6.2
billion,
Asia
is
the
biggestmarket
among
selectedregions
in
2022Market
Size:
Regional
Comparison
(1/2)revenue
forecast
inbillionUS$+18.0%(1)16.8+17.0%(1)13.3+16.1%(1)11.5+17.5%(1)7.26.25.24.7+16.7%(1)2.81.10.42022202820222028202220282022202820222028EuropeAfricaAmericasAsiaAustralia&Oceania10
Notes:Sources:(1)
CAGR:
Compound
Annual
GrowthRateMarket
Insights
2023With
revenue
of
US$
2.4
billion,
the
United
States
is
the
biggest
market
amongselected
countries
in
2022Market
Size:
Regional
Comparison
(2/2)revenue
forecast
inbillionUS$+18.2%(1)+15.0%(1)5.65.62.4+15.2%(1)2.1+17.8%(1)+15.3%(1)1.01.00.80.40.40.32022202820222028202220282022202820222028ChinaUnited
StatesUnited
KingdomGermanyFrance11
Notes:Sources:(1)
CAGR:
Compound
Annual
GrowthRateMarket
Insights
2023Other
IoT
volume
is
estimated
to
increase
from2018
to
2028Market
Size:
Globalvolumeforecast
inmillion109.01101009089.28073.07060.5605040302010049.940.031.124.518.517.513.02018201920202021202220232024202520262027202812
Notes:Sources:(1)
CAGR:
Compound
Annual
GrowthRateMarket
Insights
2023Asia
is
predicted
to
have
the
most
Other
IoT
connections
in
2028Market
Size:
Regional
Comparison
(1/2)volumeforecast
inmillion35302533.026.826.122.621.821.418.7201510518.017.515.514.712.014.513.011.89.614.29.17.06.211.55.34.13.73.33.01.80.34.94.54.02.30.410.87.56.94.09.41.58.85.25.33.27.81.26.41.02.40.42.21.80.80.50.7020182019202020212022202320242025202620272028Australia&OceaniaAmericasAsiaAfricaEurope13
Notes:Sources:(1)
CAGR:
Compound
Annual
GrowthRateMarket
Insights
2023With
volume
of
3.5million,
the
United
States
had
the
most
Other
IoTconnections
among
selected
countries
in
2022Market
Size:
Regional
Comparison
(2/2)volumeforecast
inmillion11.010.911109.29.097.78765432107.36.56.05.44.94.53.93.53.00.62.11.62.71.51.12.01.50.40.30.32.01.91.71.62.20.60.80.70.61.41.21.11.00.90.30.50.51.31.00.40.30.40.40.20.220181.50.90.71.22019202020212022202320242025202620272028FranceGermanyUnitedStatesUnited
KingdomChina14
Notes:Sources:(1)
CAGR:
Compound
Annual
GrowthRateMarket
Insights
2023CHAPTER
3AppendixMARKET
INSIGHTSMarket
Insights
–
market
data,forecasts,
and
qualitative
insightsGainabetterunderstandingofmarketsacross190+
geographicalentities
–
onaglobal,regional,country,
and/orstatelevel.Access
ourdatavia
web
interface,
download(XLS,
PDF,PPT),
orreports.Benefitfromour
48-hour
customerservice
guarantee.•
10
sectors:
advertising&media,consumers,countries,
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