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IoT Managed Services Market Size 2025-2029

The IoT managed services market size is forecast to increase by USD 538.5 billion, at a CAGR of 33.1% between 2024 and 2029.

The market is witnessing significant growth due to the increasing adoption of IoT solutions across various industries. Industrial automation, network security, data security, and asset management are some sectors driving the demand for IoT managed services. Predictive maintenance is a key trend in this market, as organizations seek to leverage data from IoT devices for proactive maintenance and reducing downtime. Wearable technology, robotics, remote patient monitoring, and 5G technology are also contributing to the growth of the market. Additionally, the use of artificial intelligence, data analytics, and big data is becoming increasingly important for businesses to gain insights from their IoT data. However, there are challenges, such as the lack of awareness of efficient management of IoT initiatives and investments, that need to be addressed to fully realize the potential of IoT managed services. Overall, the market is expected to continue growing as businesses seek to optimize their operations and improve efficiency through IoT solutions.

What will be the Size of the IoT Managed Services Market During the Forecast Period?

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The market is experiencing significant growth as more industries adopt multi-cloud applications and integrate sensors and processors into their operations. Industrial manufacturing organizations are increasingly leveraging IoT-managed services to optimize their digital-human workforce, enhance manufacturing applications, and improve asset management. Artificial intelligence and remote monitoring are key components of these services, enabling predictive maintenance, energy consumption optimization, and data analytics. Legacy systems are being upgraded to support IoT network connectivity, while 5G technology facilitates faster data transfer and lower latency.
The market encompasses various applications, including remote patient monitoring in digital health solutions, network monitoring for data protection control, and smart urban initiatives for mobile devices. Cloud-based services, corporate IoT specialists, and IoT solutions providers continue to innovate, offering advanced capabilities such as data analytics, artificial intelligence, and real-time data processing. The market's size and direction reflect the increasing importance of IoT in various sectors, from energy consumption management to industrial automation.

How is this IoT Managed Services Industry segmented and which is the largest segment?

The IoT managed services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Network management services
  Security management services
  Infrastructure management services
  Data management services
  Device management services


Deployment

  On-premises
  Cloud


Sector

  SMEs
  Large enterprises


End-user

  Healthcare
  Manufacturing
  BFSI
  Retail
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    India
    Japan
    South Korea


  Middle East and Africa



  South America

By Type Insights

The network management services segment is estimated to witness significant growth during the forecast period.

The market is experiencing steady growth, driven by the increasing adoption of multi-cloud applications, sensors, processors, and digital-human workforces in various industries. Industrial manufacturing organizations are leveraging IoT for asset management, remote monitoring, and the implementation of digital factories. Artificial Intelligence (AI) and blockchain technologies are also gaining traction in the industrial IoT sector for data protection and cryptographic processes. The market encompasses services for energy and utilities, manufacturing, healthcare, IT & telecom, and more. Key players offer network management, device management, data management, and security management services.

Further, cloud-based services, data analytics, and 5G technology are integral to IoT solutions. The market is witnessing the entry of new players, including corporate IoT specialists, offering customized services for industries such as automotive and transportation, smart cities, and infrastructure services. IoT ecosystem players are focusing on providing solutions for energy consumption, digital India initiative, remote patient monitoring, and digital health solutions. The market is expected to continue its growth trajectory, fueled by the increasing adoption of IoT products and services.

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The report covers Europe Top Internet of Things (IoT) Security Companies and the market is Segmented by Type of Security (Network Security, End-point Security, Application Security, Cloud Security, Other Securities), Solution (Software, Services), End-user Industry (Automotive, Healthcare, Government, Manufacturing, Energy and Power, Retail, BFSI), and Country (UK, Germany, France, and Italy). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

In 2023, nearly one-fourth of people in France owned a health-related connected device, more than double the ownership share in 2019. In addition, 16 percent of respondents were planning to use such a device in the future. The consumer sector is anticipated to dominate in terms of number of Internet of Things (IoT) connected devices in 2030, with 17 billion connected devices worldwide.

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IoT Analytics Market Size and Trends

The IoT analytics market size is forecast to increase by USD 153.66 billion, at a CAGR of 46.4% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for data-driven insights in various industries. One of the key drivers is the need to enhance business efficiency, particularly in sectors such as healthcare with the use of heart rate tracking and other vital sign monitoring. However, challenges persist, including the sluggish connectivity for Internet of Things devices, which can hinder the seamless flow of data within the IoT ecosystem. The connected car market is also expected to contribute significantly to the growth of IoT analytics, as real-time data analysis becomes increasingly important for optimizing vehicle performance and enhancing the user experience. On-premise IoT analytics solutions continue to be popular due to concerns around data security and privacy. Overall, the market is poised for continued expansion as businesses seek to unlock the value of the vast amounts of data generated by IoT devices.

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The market has revolutionized various industries by enabling the generation and collection of vast amounts of data. This data, in turn, is fueling the automation and optimization of business processes across sectors such as manufacturing, healthcare, agriculture, supply chain management, energy-intensive industries, and smart homes. IoT technology is transforming industries by providing real-time data from various sources, including autonomous vehicles, global positioning systems, and wearable devices. This data is essential for process optimization and improving operational efficiency. For instance, in manufacturing, real-time data from machines can help identify potential issues before they escalate, reducing downtime and increasing productivity. In healthcare, IoT analytics is enabling a patient-centric model by providing personalized recommendations based on real-time data from wearable devices, such as heart rate tracking. This data can help healthcare professionals monitor patients' health status and provide timely interventions, leading to better patient outcomes. Similarly, in agriculture, IoT analytics is helping farmers optimize irrigation, monitor crop health, and manage livestock, leading to increased productivity and reduced costs.

In energy-intensive industries, real-time data from sensors can help identify energy wastage and optimize energy usage, leading to cost savings and reduced carbon footprint. IoT analytics is also transforming supply chain management by providing real-time visibility into inventory levels, shipping status, and delivery schedules. This data can help businesses optimize their supply chain operations, reduce lead times, and improve customer satisfaction. Furthermore, IoT analytics is enabling the development of smart homes, where data from various sensors can be used to optimize energy usage, improve safety, and provide personalized recommendations to residents. In conclusion, IoT analytics is transforming various industries by providing real-time data from various sources, enabling process optimization, and improving operational efficiency. The use of descriptive analytics in IoT data can help businesses gain insights into their operations, identify trends, and make data-driven decisions. By leveraging IoT analytics, businesses can gain a competitive edge and improve their bottom line.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

Component

  Software
  Services


End-user

  Manufacturing
  Retail
  Healthcare
  Telecommunication and IT
  Others


Geography

  North America

    Canada
    US


  APAC

    China
    India
    Japan


  Europe

    Germany
    UK
    France
    Spain


  Middle East and Africa



  South America

By Component Insights

The software segment is estimated to witness significant growth during the forecast period. In the market, software solutions held the largest share in 2023, according to the global market size. This dominance is driven by the expanding reach of IT and retail companies, leading to an increased need for managing vast amounts of data. SMEs in emerging economies, such as China, India, Brazil, Indonesia, and Mexico, are fueling the demand for IoT analytics software. These businesses require insights to drive growth and remain competitive.

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The software segment was valued at USD 6.94 billion in 2018. Companies cater to various industries, offering software solutions for real-time data collection and analysis. Ensuring data security is crucial

Base Year 2023 Forecast Period 2024-2028 Market Growth X.XX%

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Industrial IoT Gateway Market Size 2025-2029

The industrial IoT gateway market size is forecast to increase by USD 3.41 billion at a CAGR of 20.9% between 2024 and 2029.

The market is witnessing significant growth due to the leveraging of manufacturing data for predictive maintenance. This trend is enabling businesses to optimize their operations and reduce downtime. Furthermore, the increasing focus on providing end-to-end services is driving the market growth. The Industrial IoT (IIoT) gateway market In the US is experiencing significant growth due to the increasing adoption of edge computing in manufacturing and industrial automation. 
However, the high installation cost due to the need for multiple gateways remains a challenge for market expansion. Organizations are exploring ways to reduce this cost through the use of multi-protocol gateways and cloud-based solutions. Overall, the market is expected to experience strong growth In the coming years, driven by these trends and the need for efficient and connected manufacturing processes.

What will be the Size of the Industrial IoT Gateway Market During the Forecast Period?

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IIoT gateways serve as entry-point edge devices, connecting various sensors, controllers, and legacy equipment to the cloud for data processing and analysis. These devices utilize MCUs (microcontroller units) and SoCs (systems-on-chip) to facilitate local data processing and reduce bandwidth requirements. Security is a major concern In the IIoT gateway market, with a focus on preventing cyberattacks and unauthorized access. Communication protocols such as Bluetooth and networking protocols like MQTT and Modbus are commonly used for data transfer.
Moreover, companies like Advantech offer a range of IIoT gateway solutions. Next-generation IIoT gateways feature flexible Soc-type designs, edge analytics, and data storage capabilities, enabling real-time processing and analysis of large volumes of data. Big data is also gaining popularity in the market for optimizing operational efficiency and improving overall performance. Overall, the IIoT gateway market is poised for continued growth, driven by the need for secure, reliable, and efficient data transfer and processing in industrial applications.

How is this Industrial IoT Gateway Industry segmented and which is the largest segment?

The industrial IoT gateway industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Connectivity

  Wired IoT Gateway
  Wireless IoT Gateway


End-user

  Process industries
  Discrete industries


Processing Capability

  Edge IoT Gateway
  Standard IoT Gateway


Geography

  North America

    US
    Canada


  APAC

    China
    India
    Japan


  Europe

    France
    Germany
    Italy
    UK


  South America

    Brazil


  Middle East and Africa

By Connectivity Insights

The bluetooth segment is estimated to witness significant growth during the forecast period. The Bluetooth segment holds the largest market share In the market in 2024, driven by its advanced features such as low battery consumption, fast data transfer speed, and secure device pairing. Operating In the frequency range of 2.402 GHz to 2.480 GHz, Bluetooth is ideal for short-range communications and is widely adopted In the building automation industry for its close connectivity and data security. The evolution of Bluetooth technology with advanced features and protocols is expected to meet market demands.

Furthermore, Bluetooth's data transfer capabilities without modifications and high tracking accuracy make it a preferred choice, fueling the growth of the market. Despite the benefits, security concerns such as cyberattacks and unauthorized access remain a challenge for the market. To mitigate these risks, virtualization and networking protocols are being integrated into industrial IoT gateways. The manufacturing sector is a significant contributor to the market's growth due to the increasing adoption of smart manufacturing and Industry 4.0.

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The bluetooth segment was valued at USD 364.70 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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In North America, the manufacturing sector, particularly In the automotive industry, is witnessing a significant push towards automation and productivity enhancement. This trend

The global industrial IoT market size is anticipated to attain immense growth from 2023 to 2033. According to the research report published by FMI, the global market is predicted to surpass a valuation of US$ 442,934.4 million in 2023. It is expected to reach a valuation of US$ 1,392,133.7 million by 2033. The market is foreseen to capture a staggering CAGR of 12.1% from 2023 to 2033.

Attribute	Details
Industrial IoT Market Share (2022)	US$ 400,845.6 million
Industrial IoT Market Share (2023)	US$ 442,934.4 million
Industrial IoT Market Share (2033)	US$ 1,392,133.7 million
Industrial IoT Market Share (2023 to 2033)	12.1%

Country-wise Insights

Country	CAGR Share in Global Market (2022)
United States	16.3%
United Kingdom	13.2%
China	12.8%
Japan	7.3%
India	14.3%

Scope of the Report

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	US$ million for Value
Key Regions Covered	North America Latin America Europe East Asia South Asia Oceania The Middle East & Africa (MEA)
Key Countries Covered	United States Canada Germany United Kingdom Nordic Russia BENELUX Poland France Spain Italy Czech Republic Hungary Rest of EMEAI Brazil Peru Argentina Mexico South Africa Northern Africa GCC Countries China Japan South Korea India ASEAN Thailand Malaysia Indonesia Australia New Zealand Others
Key Segments Covered	Components End Use Region
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

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Internet Of Things (IoT) Market Size 2024-2028

The internet of things (iot) market size is forecast to increase by USD 1554.5 billion at a CAGR of 18.52% between 2023 and 2028.

The market is experiencing significant growth and transformation, driven by technological advancements in various platforms and applications. One of the most prominent areas of development is in wearable devices, which are revolutionizing the way we monitor human health and environmental conditions. This trend is expected to continue as the technology becomes more sophisticated and affordable, creating new opportunities for businesses and individuals alike. However, the IoT market also faces challenges that must be addressed for continued growth. One of the most pressing issues is the lack of awareness and efficient management of IoT initiatives and investments. As the number of connected devices continues to increase, it becomes increasingly important for organizations to have a clear strategy for implementing and managing their IoT projects. Failure to do so can result in wasted resources and missed opportunities. Companies seeking to capitalize on the IoT market must focus on developing strategies for managing their initiatives and investments, while also staying abreast of the latest technological developments and trends. By doing so, they will be well-positioned to navigate the challenges and seize the opportunities presented by this dynamic and rapidly evolving market.

What will be the Size of the Internet Of Things (IoT) Market during the forecast period?

Request Free SampleThe market is experiencing growth, driven by the increasing integration of interconnected devices into various industries and applications. According to recent reports, the global IoT market is projected to reach a value of over USD1 trillion by 2026, with significant growth in sectors such as manufacturing, healthcare, and transportation. This expansion is fueled by the widespread adoption of IoT technology in areas like smart factories, logistics chain optimization, and intelligent disease monitoring. IoT is revolutionizing industries by enabling real-time data processing, cloud adoption, and improved service delivery. IoT devices, including those utilizing Bluetooth technology, are transforming industries by enhancing operational efficiency, reducing costs, and improving customer experiences. The market's direction is clear: IoT is poised to continue reshaping the business landscape and driving innovation across multiple sectors.

How is this Internet Of Things (IoT) Industry segmented?

The internet of things (iot) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ApplicationIndustrialRetailHealthcareICTOthersTechnologyRFIDSensorsNFCCloud servicesOthersGeographyAPACChinaNorth AmericaUSEuropeFranceGermanyNorwayMiddle East and AfricaSouth America

By Application Insights

The industrial segment is estimated to witness significant growth during the forecast period.The Industrial sector is experiencing significant growth in the adoption of IoT technology, which is transforming business operations by enhancing productivity and providing a competitive edge. IoT technology enables machinery and devices to connect to the Internet via software, generating valuable data for predictive maintenance and performance optimization. However, this segment encounters challenges, including the need for increased investments, business model redesign, security concerns, standardization, and interoperability issues. Favorable government policies and collaborations among IoT stakeholders can help mitigate these challenges and advance industry expertise. IoT technology is revolutionizing various sectors, including logistics chain, smart factory automation, and the energy sector. Service providers, such as SAS Software, VMware Tanzu, and Bluetooth technology companies, are capitalizing on this trend by offering IoT solutions. The revenue forecast for the IoT market is promising, driven by cloud adoption, data processing, and the implementation of smart city initiatives. 5G technology, physical events, and operational efficiency are other areas where IoT technology is making a significant impact. Telecom infrastructure and networking infrastructure providers, such as 4G technology and Internet connectivity companies, are essential partners in this digital transformation. Consumer behavior is also evolving, with real-time marketing analysis and autonomous systems becoming increasingly important. IoT technology offers numerous revenue-generating opportunities for hardware companies, network companies, and software companies. Canadian companies, in particular, are investing in smart citizen services, public safety, and emergency medi

France Digital Transformation Market Report is Segmented by Type (Analytics, Artificial Intelligence and Machine Learning, Extended Reality (XR), Iot, Industrial Robotics, Blockchain, Additive Manufacturing/3D Printing, Cybersecurity, Cloud and Edge Computing, and Other Types [Digital Twin, Mobility, and Connectivity]) and End-User Industry (Manufacturing, Oil, Gas, and Utilities, Retail and E-Commerce, Transportation and Logistics, Healthcare, BFSI, Telecom and IT, Government and Public Sector, and Other End-User Industries). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for the Above Segments.

The IoT device management market size is projected to be valued at US$ 4,965.4 million in 2023 and is expected to rise to US$ 28,118.5 million by 2033. The sales of IoT device management are predicted to expand at a significant CAGR of 16.8% during the forecast period. Over the next few years, the market is likely to be driven by rising demand for IoT services, as well as increased penetration of communication and networking technologies.

Attributes	Details
IoT Device Management Market Estimated Size (2023)	US$ 4,965.4 million
IoT Device Management Market CAGR (2023 to 2033)	16.8%
IoT Device Management Market Forecasted Size (2033)	US$ 28,118.5 million

Scope of the Report

Attributes	Details
Growth Rate	CAGR of 16.8% from 2023 to 2033
Base Year of Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in US$ million and Volume in Units and F-CAGR from 2023 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis
Key Segments Covered	Component Deployment Type Organization Size End User Vertical Region
Regions Covered	North America Latin America Europe East Asia South Asia The Middle East & Africa Oceania
Key Countries Profiled	The United States Canada Brazil Mexico Germany Italy France The United Kingdom Spain Russia China Japan India GCC Countries Australia
Key Companies Profiled	Smith Micro Software, SAP SE, Oracle Corporation, Microsoft Corporation, Intel Corporation, IBM Corporation, Google Inc, ARM Holdings, Amazon Web Services Inc.
Customization & Pricing	Available upon Request

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Private LTE Market Size 2024-2028

The private LTE market size is forecast to increase by USD 4.73 billion at a CAGR of 12.17% between 2023 and 2028.

The market are experiencing significant growth due to the increasing demand for secure and reliable wireless communication in industrial automation and the Internet of Things (IoT) platforms. The emergence of 5G technology is driving the trend towards virtualization software and digital transformation in Industry 4.0 initiatives. However, spectrum availability and licensing issues for private LTE deployments remain challenges for market growth. Companies are investing in telecom operations management to address these challenges and leverage the benefits of private LTE networks, such as enhanced security, improved efficiency, and reduced latency. The market is expected to continue its growth trajectory as more industries adopt these advanced wireless communication solutions.

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The market is experiencing significant growth as businesses and industries seek secure and reliable wireless communication solutions for their digital transformation initiatives. Virtualization technologies are playing a crucial role In the deployment of Private LTE networks, enabling cloud-based infrastructure and reducing operational costs. Spectrum regimes continue to evolve, with both licensed and shared spectrum becoming increasingly important for Private LTE networks. Gaas Tier 3 users, including industries such as utilities, energy, oil and gas, mining, manufacturing, government, and public safety, are major adopters of Private LTE networks due to their need for high-quality of service (QoS), security, and the ability to handle sensitive data.
The market is characterized by a diverse range of spectrum bands, including the 700 MHz, 800 MHz, and 1900 MHz ranges. Network operators are key players In the market, providing licensing and spectrum leasing opportunities for Private LTE network deployments. The auction process for licensing and lease periods is overseen by government regulatory authorities, ensuring fair and efficient spectrum utilization. Private LTE networks are becoming essential for industries undergoing Industry 4.0 and IoT (Industrial and Commercial IoT) transformations, providing the necessary connectivity for smart factories, remote monitoring, and automation. Long-term investments in Private LTE networks are expected to continue as businesses prioritize the security and reliability of their communication infrastructure.

How is this Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Healthcare
  Retail and e-commerce
  IT and telecom
  Others


Component

  Infrastructure
  Services


Geography

  North America

    Canada
    US


  Europe

    France


  APAC

    China
    Japan


  Middle East and Africa



  South America

By End-user Insights

The healthcare segment is estimated to witness significant growth during the forecast period. The market is witnessing significant growth, particularly In the healthcare industry, due to the increasing demand for secure and dependable communication solutions. Private LTE networks provide a secure environment for transmitting sensitive medical data, enabling telemedicine, supporting IoT devices, and improving operational efficiency in healthcare facilities. These networks ensure data privacy and can be customized to meet specific healthcare requirements. Private LTE integration in healthcare is expected to drive professional collaboration, facilitate remote patient monitoring, and accelerate digital transformation In the sector. The energy & utility industry is another major adopter of private LTE networks, leveraging the technology for robotics, artificial intelligence, and Industrial IoT applications.

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The healthcare segment was valued at USD 1.56 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 54% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in North America is experiencing significant growth due to the increasing demand for secure and reliable wireless connectivity among businesses in various sectors, such as manufacturing, utilities, and public safety. Major players In th

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Satellite Internet Market Size 2025-2029

The satellite internet market size is forecast to increase by USD 7.61 billion at a CAGR of 19.7% between 2024 and 2029.

The market is experiencing significant growth due to several key trends. The increasing deployment of 5G networks is driving the demand for satellite internet as a backup solution in remote areas where terrestrial networks may not be available. Additionally, the growing number of IoT devices is leading to an increased need for reliable and high-speed internet connectivity, which satellite internet can provide. The market is driven by the increasing demand for high-speed, global connectivity, particularly in remote and maritime locations, aviation, disaster management, and emergency response scenarios. The market offers opportunities for economic development, social inclusion, and the provision of essential services such as healthcare and education, particularly in marine environments. However, the market also faces challenges, such as the influence of bad weather on satellite performance and the high cost of satellite technology. Despite these challenges, the market is expected to grow steadily due to the increasing demand for uninterrupted internet connectivity in various industries, particularly in remote areas and for applications where terrestrial networks are not reliable. The market is poised for growth, offering opportunities for businesses and investors In the technology sector.

What will be the Size of the Satellite Internet Market During the Forecast Period?

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The market encompasses the provision of high-speed connection networks through space-based communication systems. This global market is experiencing significant growth due to the increasing demand for reliable and uninterrupted digital connectivity in remote and underserved areas. Satellite operators are expanding their bandwidth capabilities to deliver one-stop solutions for businesses and individuals in need of high-speed internet access. The merger of Eutelsat and OneWeb, two major satellite operators, is a testament to this market's potential.
However, challenges such as infrastructure development, natural disasters, and congestion persist. Geostationary satellites play a crucial role in providing stable communication capabilities, but their limited capacity and high costs necessitate effective network management systems and international coordination. Despite these advancements, addressing the digital divide and overcoming infrastructure challenges remains a priority for satellite communication stakeholders.

How is this Satellite Internet Industry segmented and which is the largest segment?

The satellite internet industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  K-band
  X-band
  L-band
  C-band


End-user

  Commercial
  Non-commercial


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France


  APAC

    China
    India
    Japan


  South America

    Brazil


  Middle East and Africa

By Type Insights

The K-band segment is estimated to witness significant growth during the forecast period.

Satellite technology advancements, such as high-capacity satellite constellations and bandwidth capabilities, enable seamless connectivity in areas where terrestrial networks are limited or unavailable. K-band frequency, used for wireless broadband access and local-multipoint distribution systems, dominates the market due to its widespread application in various industries, including defense, broadcasting, and security. The adoption of K-band monolithic microwave integrated circuit (MMIC) technology enhances the functionality of low-noise amplifiers and K-band power amplifiers, offering large-scale production, lower costs, and high durability.

Moreover, despite infrastructure challenges and bandwidth limitations, satellite infrastructure continues to expand, providing internet alternatives for underserved areas and promoting economic development, social inclusion, and equality. Investors, funders, integrators, service providers, and governments collaborate to address infrastructure challenges and improve network management systems, international coordination, and user experience.

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The K-band segment was valued at USD 919.00 million in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 46% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during

The European Industrial Control Systems (ICS) market, valued at €27.69 billion in 2025, is projected to experience steady growth, driven by increasing automation across process and discrete industries. A Compound Annual Growth Rate (CAGR) of 2.8% from 2025 to 2033 indicates a continuous expansion, fueled by the ongoing digital transformation within manufacturing and infrastructure sectors. Key drivers include the rising adoption of Industry 4.0 technologies, such as the Internet of Things (IoT) and advanced analytics, for enhanced operational efficiency and predictive maintenance. Furthermore, stringent regulations regarding safety and security within critical infrastructure are compelling organizations to upgrade their ICS solutions, fostering market growth. The market is segmented into process industries (e.g., oil & gas, chemicals) and discrete industries (e.g., automotive, electronics), with both experiencing consistent demand for robust and secure control systems. Leading players like ABB, Siemens, and Rockwell Automation are leveraging their extensive technological expertise and established market presence to maintain a strong competitive edge. However, challenges such as cybersecurity threats and the high initial investment costs of advanced ICS solutions could potentially moderate market growth in the coming years. Germany, the UK, and France represent significant regional markets within Europe, contributing substantially to the overall market value due to their robust industrial bases and technological advancements. The forecast period (2025-2033) presents lucrative opportunities for ICS vendors. Strategic partnerships, technological innovation (e.g., AI-powered systems, cloud-based solutions), and a focus on cybersecurity will be crucial for success. Given the critical nature of ICS in various sectors, investments in robust security protocols and skilled workforce development are vital. The market's continued expansion underscores the significant role ICS plays in modern industrial operations, enabling improved productivity, reduced downtime, and enhanced safety standards. This sustained growth is expected to be fueled by ongoing technological advancements and increasing demands for greater automation and efficiency across diverse industrial sectors within Europe.

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Edge Computing Market Size 2025-2029

The edge computing market size is forecast to increase by USD 29.41 billion at a CAGR of 37.4% between 2024 and 2029.

The global edge computing market is growing steadily, driven by the surge in IoT devices and the need for faster data processing closer to the source. Businesses are increasingly prioritizing low-latency solutions to meet real-time demands, while advancements in 5G technology are enhancing edge capabilities and deployment options.
This report offers a detailed snapshot of the market, including its current size, growth forecasts through 2029, and key segments like manufacturing and cloud-based edge solutions. It is designed for practical business applications - whether refining strategy, engaging clients, or optimizing operations - with data on market value and regional breakdowns. A key trend is the shift toward decentralized computing to handle massive data volumes, though a persistent challenge is the high cost of infrastructure, which can limit scalability for smaller players. For organizations looking to stay ahead in the global edge computing market, this report provides actionable insights to navigate decentralization trends and cost-related challenges, supporting informed decisions in a tech-driven landscape.

What will be the Size of the Edge Computing Market During the Forecast Period?

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The market is experiencing significant growth as businesses and industries increasingly prioritize decreased latency, increased bandwidth, and enhanced security in their IT infrastructures. Edge computing enables traffic distribution and service management closer to the source of data generation, benefiting various sectors such as networking, software development, healthcare systems, telecom firms, and content delivery networks (CDNs). Key applications include video conferencing software, online consultations, and real-time processing for artificial intelligence (AI) and 5G virtualization in industries like gaming, connected devices, and life sciences. The market's expansion is driven by the integration of edge computing in 5G technology, Industry 4.0, smart factories, and digital health strategies.
Security and compliance standards are essential considerations in edge computing, as data processing occurs at the edge rather than in the cloud. The market's growth is also influenced by digital developments in augmented reality (AR) and virtual reality (VR) tools, smart grids, and IoT applications in healthcare. Despite economic recessions, the market continues to evolve, offering opportunities for innovation and growth.

How is this Edge Computing Industry segmented and which is the largest segment?

The edge computing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Industrial manufacturing
  Telecom
  Mobility
  Government
  Others


Component

  Hardware
  Software
  Services
  Edge-managed platforms


Type

  Small and medium-sized enterprises (SMEs)
  Large enterprises
  Others


Application

  IoT applications
  Robotics and automation
  Predictive maintenance
  Remote monitoring
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    India
    Japan


  South America

    Brazil


  Middle East and Africa

By End-user Insights

The industrial manufacturing segment is estimated to witness significant growth during the forecast period. Edge computing plays a crucial role in automating industrial manufacturing and process environments by facilitating real-time data processing at the source, using industrial IoT devices, automation hardware, and connected sensors and actuators. The digitalization and automation of manufacturing and process industries, driven by Industry 4.0 infrastructure and practices, are expected to significantly increase the demand for edge computing solutions. Strategic partnerships between end-users and companies are common, as edge computing becomes an integral part of their operations. Edge computing is essential for industrial machine learning (ML) and artificial intelligence (AI) networks, enabling automation through robotics. In the telecom industry, edge computing is used for traffic distribution, service management, and 5G virtualization.

In healthcare systems, edge computing supports online consultations, digital health strategies, IoT in healthcare, and life sciences applications. Edge computing also benefits smart cities, smart factories, smart grids, and various industries such as oil & gas, IT & telecom, and manufacturing. Edge computing hardware and infrastructure, along with software investments, are crucial for organizations of all si

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Rugged Handheld Devices Market Size 2025-2029

The rugged handheld devices market size is forecast to increase by USD 2.68 billion at a CAGR of 7.8% between 2024 and 2029.

The market is witnessing significant growth due to the increasing demand for strong data management systems from various industries. Technological advancements continue to shape the market, with rugged handheld devices becoming more feature-rich and versatile. However, using consumer-grade devices as alternatives to rugged devices poses a challenge to market growth. Despite this, the market is expected to thrive, driven by the need for reliable and durable devices in logistics, field services, and public safety sectors. The integration of advanced technologies like IoT, GPS, and RFID is further fueling the market's expansion. Additionally, new applications for rugged handheld devices are emerging in sectors like healthcare, construction, and the military, further expanding the market's scope. The market analysis report provides a comprehensive outlook on the market trends, growth drivers, and challenges, offering valuable insights to stakeholders and industry participants.

What will be the Rugged Handheld Devices Market Size During the Forecast Period?

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The market is witnessing significant growth due to the increasing demand for digital gadgets in various industries. Semiconductor manufacturers, often called chipmakers, play a crucial role in producing these devices. They provide the essential components, such as processors and memory, that enable rugged handheld devices to function effectively in harsh environments. The integration of artificial intelligence (AI) and Industry 4.0 technologies is transforming the rugged handheld devices landscape. These advanced technologies enable devices to process data in real-time, enhancing their functionality and versatility. The adoption of 5G technology further boosts the market, as it ensures seamless connectivity and faster data transfer.



Rugged handheld devices are increasingly being used in manufacturing, logistics, transportation, field services, government agencies, agriculture, and other sectors. These devices offer superior protection against shocks, drops, and other environmental hazards, making them ideal for outdoor use. Semi-rugged, fully-rugged, and ultra-rugged devices cater to different levels of ruggedness requirements. Semi-rugged devices offer basic protection against drops and shocks, while fully-rugged and ultra-rugged devices provide advanced protection against extreme temperatures, water, and other environmental factors. The Internet of Things (IoT) technology and workflow management systems are also driving the growth of the market. RFID scanners, a crucial component of IoT technology, are being integrated into rugged handheld devices to enhance their functionality and efficiency.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Rugged mobile computer
  Rugged tablet


End-user

  Industrial
  Commercial
  Military
  Government


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Middle East and Africa

By Product Insights

The rugged mobile computer segment is estimated to witness significant growth during the forecast period.

The market encompasses rugged smartphones and PDAs, predominantly utilized in warehouses and logistics services. This segment's growth is attributed to the rising adoption of semi-rugged and fully rugged handheld devices in the industrial and commercial sectors. The increasing automation of operations in various industries aims to enhance efficiency and minimize downtime. IoT implementation and advancements in mobile communication technologies foster the high demand for IoT devices in the industrial sector.

Furthermore, these devices offer real-time access to field data and analysis, enabling informed business decisions to optimize processes and enhance customer experience. The transportation and logistics, military and defense, electrical industry, mining industry, banking industry, manufacturing, and logistics sectors are key end-users of rugged handheld devices.

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The rugged mobile computer segment was valued at USD 3.34 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 47% to the growth of the global market during the forecast period.

Technavio's analysts have elaborat

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5G Chipset Market Size 2024-2028

The 5g chipset market size is forecast to increase by USD 42.91 billion at a CAGR of 17.3% between 2023 and 2028.

The market is experiencing significant growth due to the increasing adoption of smart city projects and the launch of innovative 5G chipsets. The integration of 5G technology in various industries, including automotive, healthcare, and telecommunications, is driving market growth. However, production challenges persist, including the complexities of manufacturing 5G chipsets and ensuring compatibility with various devices and networks. These issues may hinder market expansion, but advancements in technology and collaborative efforts among industry players are expected to mitigate these challenges. Overall, the market is poised for robust growth, with the potential to revolutionize the way we connect and communicate.

What will be the Size of the 5G Chipset Market During the Forecast Period?

Request Free SampleThe market is experiencing significant growth due to the increasing demand for high-speed internet and advanced network coverage. With the proliferation of cellular connections, Machine-to-Machine (M2M) IoT, and automotive adoption, mobile data traffic is surging, driving the need for low-latency infrastructure. Consumer electronics, artificial intelligence, and network optimization are also key sectors fueling the adoption of 5G technology. Self-organizing networks, beamforming optimization, design acceleration, dynamic resource allocation, edge computing, and industrial IoT are some of the innovative technologies shaping the market. Semiconductor manufacturers are addressing design challenges by developing compact form factors with high efficiency and data capacity to meet the demands of the market.The market is witnessing intense competition among players, with frequent announcements of new chipsets in various frequency bands. The focus on delivering an optimal connectivity experience is a priority for both manufacturers and end-users.

How is this 5G Chipset Industry segmented and which is the largest segment?

The 5g chipset industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. TypeRFICsModemEnd-userMobile devicesTelecommunication infrastructureNon-mobile devicesAutomobileGeographyNorth AmericaCanadaUSEuropeGermanyUKFranceAPACChinaJapanSouth KoreaSouth AmericaBrazilMiddle East and Africa

By Type Insights

The rfics segment is estimated to witness significant growth during the forecast period.

Radio-frequency integrated circuits (RFICs) play a vital role In the market, facilitating wireless communication by converting analog and digital signals. These components are integral to 5G infrastructure, powering applications from smartphones and base stations to IoT devices. The market for RFICs is expanding due to the growing demand for high-speed, low-latency 5G networks. Key industries, such as automotive and industrial IoT, are driving this trend, necessitating advanced connectivity solutions. GCT Semiconductor's recent partnership with a leading infrastructure provider to develop Fixed Wireless Access (FWA) technology using their 5G modem chipset and RFIC solutions underscores this need. The market is characterized by its emphasis on high throughput, low latency, and mm Wave Technology.As 5G networks continue to roll out, RFICs will remain essential for delivering the high-speed, efficient connectivity that powers the digital transformation across various industries.

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The RFICs segment was valued at USD 12.37 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 43% to the growth of the global market during the forecast period.

Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American market holds substantial growth potential for 5G chipsets, fueled by the extensive rollout of 5G networks and the increasing adoption of 5G-enabled devices. In the US and Canada, over 300 million people, accounting for approximately 90% of the population, are covered by low-band 5G services from leading providers. Mid-band 5G coverage ranges from 210 to 300 million people. The deployment of mmWave technology in major urban areas underscores the region's dedication to advancing 5G infrastructure. With extensive network coverage, the demand for 5G chipsets in various devices, including consumer electronics, automotive, and industrial applications, is

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BLE Module Market Size 2025-2029

The BLE module market size is forecast to increase by USD 52.96 billion at a CAGR of 19.9% between 2024 and 2029.

The Bluetooth Low Energy (BLE) module market is experiencing significant growth, driven by the increasing adoption of these modules in various industries, particularly in healthcare applications. The healthcare sector's shift towards wireless connectivity and the Internet of Things (IoT) is fueling the demand for BLE modules. Furthermore, the emergence of Bluetooth 5.0 and beyond versions offers enhanced capabilities, such as increased data transfer rates and extended range, adding to the market's momentum. However, this market growth is not without challenges. Privacy concerns are a growing issue, with the increasing use of BLE modules in various applications, raising concerns about data security and potential misuse. Companies must address these concerns by implementing strong security measures and adhering to industry standards to mitigate risks and maintain consumer trust. By staying informed of these trends and challenges, businesses can effectively capitalize on the opportunities presented by the market and navigate the evolving landscape with confidence.

What will be the Size of the BLE Module Market during the forecast period?

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The Bluetooth Low Energy (BLE) module market represents a significant segment of the low-power connectivity landscape, driven by the growing demand for wireless technology in various applications. BLE is a power-efficient solution for short distance transmission, ideal for low bandwidth data transmission and device roles such as wearable technology, healthcare devices, smart home systems, asset tracking, and more. With features like sleep mode, fast connection setup, and low latency, BLE modules offer an attractive alternative to traditional Bluetooth Classic technology. BLE modules operate in the 2.4 GHz frequency band, consuming significantly less power than their predecessors.
The market's size and direction are influenced by innovation and connectivity trends, with dual-mode devices gaining popularity for their ability to support both Bluetooth Classic and BLE. Power consumption comparison between BLE and other wireless technologies further highlights its competitive edge. Overall, the market is poised for continued growth as the demand for power-efficient, low latency, and fast connection solutions continues to increase.

How is this BLE Module Industry segmented?

The ble module industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Industrial automation
  Automotive tracking
  Asset tracking and proximity marketing
  Consumer electronics
  Others


Type

  Single mode
  Dual mode
  Others


Device

  Computing devices
  Smart wearables
  Smart home appliances
  Others


Geography

  APAC

    Australia
    China
    India
    Japan
    South Korea


  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  Middle East and Africa



  South America

By Application Insights

The industrial automation segment is estimated to witness significant growth during the forecast period. The Bluetooth Low Energy (BLE) Module market is experiencing significant growth in various industries due to its low-power connectivity and power-efficient solution capabilities. This wireless technology is particularly valuable in the Internet of Things (IoT) sector, where short-distance transmission and low bandwidth are essential. BLE modules offer fast connection setup, low latency, and sleep mode features that reduce power consumption. BLE technology plays a crucial role in wearable technology, healthcare devices, smart home systems, asset tracking, and more. Dual-mode devices that support both Bluetooth Classic and BLE are increasingly popular for their versatility. BLE modules enable information transmission and sharing, making them ideal for item finding, point of interest, and Bluetooth positioning applications.

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The industrial automation segment was valued at USD 6.26 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 56% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The Bluetooth Low Energy (BLE) module market is experiencing significant growth in the Asia Pacific (APAC) region due to the increasing adoption of Internet of Thin

France Systèmes d'exploitation en temps réel (RTOS) pour l'Internet des objets (IoT) La taille du marché devrait développer des revenus et une croissance exponentielle France croissance du marché à un TCAC remarquable au cours de la période de prévision de 2024-2032

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Embedded Products Market Size 2024-2028

The embedded products market size is forecast to increase by USD 99.2 billion, at a CAGR of 6.79% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing demand for Internet of Things (IoT) applications in consumer electronics. The development of application-specific integrated circuits (ASICs) and embedded software is fueling the production of advanced technologies, such as graphics processing units (GPUs) and integrated circuits (ICs). Moreover, the rise of 5G technology is leading to the creation of more sophisticated embedded devices. However, the market faces challenges, including the need to reduce energy consumption in compact embedded products to extend battery life and enhance user experience. Advanced driver-assistance systems (ADAS) in automobiles are also driving the demand for high-performance embedded systems. Overall, the market is poised for continued growth, with innovation and energy efficiency being key focus areas.

What will be the Size of the Embedded Products Market During the Forecast Period?

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The market encompasses a diverse range of technologies, including microprocessors, microcontrollers, gate arrays, read-only memory, and flash memory, among others. This market is driven by the increasing demand for advanced IoT applications, electromobility solutions in electric and hybrid vehicles, and portable devices. The integration of multicore processors and 5G technology is fueling the development of network embedded systems, particularly in urbanization and cloud connectivity tools.
Militarized applications continue to be a significant market segment, driven by the need for high-performance and security. Energy consumption remains a critical concern, leading to the adoption of visualization tools to optimize power usage. Overall, the market is experiencing strong growth, driven by the expanding scope of applications across various industries.

How is this Embedded Products Industry segmented and which is the largest segment?

The embedded products industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.ApplicationConsumer electronicsAutomotiveIndustrialAerospace and defenseOthersProductHardwareSoftwareFunctionalityReal-Time Embedded SystemsStandalone Embedded SystemsNetworked Embedded SystemsMobile Embedded SystemsSystem SizeSmall-scaleMedium-scaleLarge-scaleEnd UserCommercialResidentialGovernment and DefenseGeographyNorth AmericaCanadaUSAPACChinaIndiaJapanEuropeGermanyUKFranceItalySouth AmericaBrazilArgentinaMiddle East and AfricaEgypt

By Application Insights

The consumer electronics segment is estimated to witness significant growth during the forecast period. Embedded products play a crucial role in various industries, including gaming, automotive electronics, industrial automation, IoT applications, and consumer electronics. Manufacturers such as Intel, NVIDIA, NXP Semiconductors, and others provide advanced embedded boards, including COM and SBCs, to cater to the unique requirements of these sectors. For instance, in the gaming industry, embedded boards based on Intel Core processors and AMD processors are commonly used in gaming equipment, such as video slot machines and electronic games in arcades and casinos.

In the automotive sector, embedded systems enable the development of advanced automotive systems, including vehicle electronic systems, electromobility solutions for electric and hybrid vehicles, and phased array radar for 6G communications. Similarly, in industrial automation, embedded systems facilitate real-time and network embedded systems for urbanization, cloud connectivity tools, and energy consumption optimization. In the medical equipment industry, embedded systems ensure the functionality of various medical devices, while In the telecommunications sector, the power semiconductor market growth and 5G technology implementation.

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The consumer electronics segment was valued at USD 77.20 billion in 2018 and showed a gradual increase during the forecast period. Embedded systems vary by type, scale, and application. Real-time embedded systems power time-critical functions like automotive safety or industrial automation, demanding instant processing. Standalone embedded systems operate independently, driving devices like digital cameras or MP3 players. Networked embedded systems connect IoT devices, smart homes, or telecom networks, enabling seamless communication. Mobile embedded systems thrive in smartphones and wearables, supporting portability. Scale-wise, small-scale systems use basic microcontrollers for simple devices, medium-scale systems offer moderate power for con

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Mobile AI Market Size 2024-2028

The mobile AI market size is forecast to increase by USD 39.91 billion, at a CAGR of 26.78% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing penetration of smartphones and the rising demand for edge computing in the Internet of Things (IoT) sector. With the proliferation of smartphones, there is a surge in the usage of mobile applications that leverage AI technologies for personalized user experiences, voice recognition, and predictive analytics. Additionally, the adoption of AI and IoT is expected to fuel market growth, as real-time data processing and decision-making become essential for optimizing device performance and enhancing user experience. 
However, the market faces challenges, including the inadequate availability of AI experts to develop and implement AI solutions. Companies seeking to capitalize on market opportunities and navigate challenges effectively should focus on building strategic partnerships with AI experts and investing in upskilling their workforce. 
Furthermore, collaborating with IoT device manufacturers to integrate AI capabilities into their products can provide a competitive edge in the market. Overall, the market presents significant opportunities for innovation and growth, with the potential to revolutionize various industries, from healthcare to finance, by enabling intelligent and automated solutions on mobile devices.

What will be the Size of the Mobile AI Market During the Forecast Period?

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The market is experiencing strong growth, driven by the increasing integration of artificial intelligence in various industries and applications. The market's expansion is fueled by the proliferation of 5G networks, Internet of Things (IoT) devices, and the rise of edge computing. These technologies enable faster data processing and transmission, enhancing the capabilities of AI in mobile environments. Moreover, the integration of AI in industries such as robotics, virtual reality, and augmented reality is expanding the market's scope. AI chipsets are becoming more powerful and reliable, enabling personalized services and experiences on smartphones. Cloud computing continues to play a crucial role in the market, providing scalability and cost-effectiveness.
The market's size is significant, with venture capital financing playing a vital role in driving innovation and growth. Performance, reliability, privacy, and security are critical considerations in the market, as the use of AI in mobile environments raises concerns around data protection and processing capabilities. Overall, the market is poised for continued expansion, with numerous opportunities for innovation and growth.

How is this Mobile AI Industry segmented and which is the largest segment?

The mobile AI industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Component

  Software
  Hardware
  Services


Application

  Smartphones
  Automobile
  Robotics
  Others


Node

  7 nm
  10 nm
  20-28 nm
  Others (12 nm and 14 nm)


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  South America



  Middle East and Africa

By Component Insights

The software segment is estimated to witness significant growth during the forecast period. The mobile artificial intelligence (AI) market is experiencing significant growth due to technological advancements, particularly in AI algorithms, computational capabilities, and the integration of AI-specific chipsets in smartphones. The increasing number of smartphone users and regulatory support for responsible AI standards further fuel market expansion. Additionally, the integration of natural language processing in mobile AI enables more intuitive voice commands and interactions. Key market drivers also include the adoption of AI in wearables, voice-activated AI assistants, and mobile gaming.

The market is expected to continue growing, with investments in R&D and the development of 5G networks and IoT technologies playing a crucial role. Edge computing and cloud processing are also important factors, with companies such as Qualcomm's Snapdragon mobile platform and various AI chipset providers leading the way. However, concerns around cyber threats, unauthorized access, and data breaches, particularly in healthcare, remain challenges to market growth.

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The software segment was valued at USD 3.47 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 37% to the growth of the