[309 Pages Report] The IoT development kit market is anticipated to reach US$ 30,725.5 million in 2032, up from US$ 6,221.3 million in 2022, rising at a CAGR of 17.3% during the forecast period of 2022 to 2032. Previously, the demand for IoT development kits increased at a CAGR of 14.2% from 2017 to 2021.
The IoT development kit is a completely pre-programmed prototype kit that gives developers access to all of the hardware and software building blocks required for deploying, assessing, and creating the residential, medical, and industrial internet of things application. IoT development kits are utilized in a number of industries, including smart cities, industrial automation, mHealth solutions, and medical monitoring.
Sensors, actuators, clouds, and front-end modules may all be tested with an IoT development kit. The developer can operate the system remotely, get alerts before they occur based on specification-defined triggers, and keep track of its functioning. As a result, the market for IoT development kits is expected to rise, which will increase end-user demand for these kits.
| Report Attribute | Details |
|---|---|
| IoT Development Kit Market Historical Growth Rate (2017 to 2021) | 14.2% |
| IoT Development Kit Market Value (2022) | US$ 6,221.3 million |
| IoT Development Kit Market Anticipated Forecast Value (2032) | US$ 30,725.5 million |
| IoT Development Kit Market Projected Growth Rate (2022 to 2032) | 17.3% |
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The IoT development kits market is expanding as a result of the growing need for IoT remote monitoring systems for predictive maintenance and reducing operational costs. In addition, it is anticipated that in the upcoming years, the demand for IoT development kits would be affected by the expanding usage of connected devices, the development of wireless technologies, the increasing use of IoT devices, and the modernization of infrastructure. Systems for control and automation that are IoT-enabled aid service delivery for enterprises, remote employees, and manufacturing.
The use of IoT development kits, on the other hand, is growing in telemedicine to support healthcare professionals in monitoring their patients, accessing the data, and providing therapy from a distance utilizing smart devices. The IoT sensors keep an eye on a number of building-related factors, environmental conditions, and system energy usage. As a result of the IoT sensors' numerous benefits, there is a growing market for IoT remote monitoring systems, which is boosting the expansion of the IoT development kit industry.
Many IoT development kits have cloud connectivity, either to a general-purpose cloud platform from Microsoft, Google, Amazon, or IBM or to an IoT-specific cloud platform like Medium One or Particle. When data is stored and processed locally, on a storage device nearby an IoT device, or at the network's edge, cloud infrastructure is becoming increasingly often used in IoT design. The data are delivered to the cloud after being sorted and processed on edge, which lowers network strain and enables quicker operation of an IoT device. Many of these cloud services provide free or inexpensive solutions to connect a few devices.
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Currently, North America is the market leader, expected to hold almost 35.6% of the market in 2022. The consumer electronics sector of this region is booming, which is fueling the need for IoT development kits. Due to the presence of several prominent players, North America is anticipated to maintain its lead in the IoT development kit market over the forecast period.
The North American IoT development kit market has expanded as a result of rising internet usage in countries with developing technology as well as the expanding use of wireless sensors and networks in key end-use industries like healthcare, retail, consumer electronics, industrial, automotive, and transportation. The market is also expanding as a result of increased research and development (R&D) in the IoT space for new and enhanced technologies, as well as an increase in consumer demand for better lifestyle options.
With roughly 24.1% of the market, Europe is the second-largest market share holder. Since IoT devices are being used more widely there, the region is predicted to develop rapidly throughout the projection period.
Additionally, the market is likely to expand in the area as more IoT sensors are being adopted by sectors including automotive, food and beverage, transportation, and others for monitoring. Together with important stakeholders, the European Commission has been working hard to create the ideal European IoT ecosystem and has started a dedicated cluster of R&D initiatives to address security and privacy concerns and promote confidence in IoT solutions.
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To manage the zettabytes of data generated by tiny, omnipresent IoT devices, cloud connection is becoming an increasingly essential component of the IoT. Using sensors, analogue and electrical devices, and connection modules, startups are producing IoT development kits that offer a whole solution for cloud connectivity.
Example:
IoT solutions for infrastructure, applications, and security provide new experiences and drive better operations using data gathered at the Intelligent Edge. Large corporations are focusing on developers that wish to create Internet of Things devices. In addition to the industry-standard hardware components needed to swiftly prototype a wireless IoT system from scratch, this kit also contains the software frameworks, network stacks, and cloud connectivity capabilities necessary to safely connect and authenticate devices to the cloud.
Example:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 17.3% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
The global IoT development kit market is expected to progress at a CAGR of 17.3% (2022 to 2032).
With almost 35.6% market share in 2022, North America is expected to hold the highest share in the global IoT development kit market.
Global IoT development kit market is predicted to account for US$ 30,725.5 million by 2032.
1. Executive Summary | IoT Development Kit Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ million) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ million) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Component 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ million) Analysis By Component , 2017 to 2021 5.3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Component , 2022 to 2032 5.3.1. Hardware 5.3.1.1. Sensors 5.3.1.2. Actuators 5.3.1.3. Power Supplies 5.3.1.4. Expansion Board 5.3.1.5. Others 5.3.2. Software 5.4. Y-o-Y Growth Trend Analysis By Component , 2017 to 2021 5.5. Absolute $ Opportunity Analysis By Component , 2022 to 2032 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ million) Analysis By Application , 2017 to 2021 6.3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Application , 2022 to 2032 6.3.1. Smart Cities 6.3.2. Healthcare IT 6.3.3. Building Automation 6.3.4. Others 6.4. Y-o-Y Growth Trend Analysis By Application , 2017 to 2021 6.5. Absolute $ Opportunity Analysis By Application , 2022 to 2032 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ million) Analysis By Region, 2017 to 2021 7.3. Current Market Size Value (US$ million) Analysis and Forecast By Region, 2022 to 2032 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. MEA 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 8.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2021 8.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2022 to 2032 8.2.1. By Country 8.2.1.1. U.S. 8.2.1.2. Canada 8.2.2. By Component 8.2.3. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Component 8.3.3. By Application 8.4. Key Takeaways 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2021 9.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2022 to 2032 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Component 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Component 9.3.3. By Application 9.4. Key Takeaways 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. U.K. 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Component 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Component 10.3.3. By Application 10.4. Key Takeaways 11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. India 11.2.1.5. Malaysia 11.2.1.6. Singapore 11.2.1.7. Australia 11.2.1.8. New Zealand 11.2.1.9. Rest of APAC 11.2.2. By Component 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Component 11.3.3. By Application 11.4. Key Takeaways 12. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Israel 12.2.1.4. Rest of MEA 12.2.2. By Component 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Component 12.3.3. By Application 12.4. Key Takeaways 13. Key Countries Market Analysis 13.1. U.S. 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2021 13.1.2.1. By Component 13.1.2.2. By Application 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2021 13.2.2.1. By Component 13.2.2.2. By Application 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2021 13.3.2.1. By Component 13.3.2.2. By Application 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2021 13.4.2.1. By Component 13.4.2.2. By Application 13.5. Germany 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2021 13.5.2.1. By Component 13.5.2.2. By Application 13.6. U.K. 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2021 13.6.2.1. By Component 13.6.2.2. By Application 13.7. France 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2021 13.7.2.1. By Component 13.7.2.2. By Application 13.8. Spain 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2021 13.8.2.1. By Component 13.8.2.2. By Application 13.9. Italy 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2021 13.9.2.1. By Component 13.9.2.2. By Application 13.10. China 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2021 13.10.2.1. By Component 13.10.2.2. By Application 13.11. Japan 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2021 13.11.2.1. By Component 13.11.2.2. By Application 13.12. South Korea 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2021 13.12.2.1. By Component 13.12.2.2. By Application 13.13. Malaysia 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2021 13.13.2.1. By Component 13.13.2.2. By Application 13.14. Singapore 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2021 13.14.2.1. By Component 13.14.2.2. By Application 13.15. Australia 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2021 13.15.2.1. By Component 13.15.2.2. By Application 13.16. New Zealand 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2021 13.16.2.1. By Component 13.16.2.2. By Application 13.17. GCC Countries 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2021 13.17.2.1. By Component 13.17.2.2. By Application 13.18. South Africa 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2021 13.18.2.1. By Component 13.18.2.2. By Application 13.19. Israel 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2021 13.19.2.1. By Component 13.19.2.2. By Application 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Component 14.3.3. By Application 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. Google 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.2. 15.1.1.5.1. Marketing Strategy 15.2.1. Amazon AWS 15.2.1.1. Overview 15.2.1.2. Product Portfolio 15.2.1.3. Profitability by Market Segments 15.2.1.4. Sales Footprint 15.2.1.4.1. Marketing Strategy 15.2.2. Microsoft Azure 15.2.2.1. Overview 15.2.2.2. Product Portfolio 15.2.2.3. Profitability by Market Segments 15.2.2.4. Sales Footprint 15.2.2.4.1. Marketing Strategy 15.2.3. ARM 15.2.3.1. Overview 15.2.3.2. Product Portfolio 15.2.3.3. Profitability by Market Segments 15.2.3.4. Sales Footprint 15.2.3.4.1. Marketing Strategy 15.2.4. Broadcom 15.2.4.1. Overview 15.2.4.2. Product Portfolio 15.2.4.3. Profitability by Market Segments 15.2.4.4. Sales Footprint 15.2.4.4.1. Marketing Strategy 15.2.5. Gemalto 15.2.5.1. Overview 15.2.5.2. Product Portfolio 15.2.5.3. Profitability by Market Segments 15.2.5.4. Sales Footprint 15.2.5.4.1. Marketing Strategy 15.2.6. Intel 15.2.6.1. Overview 15.2.6.2. Product Portfolio 15.2.6.3. Profitability by Market Segments 15.2.6.4. Sales Footprint 15.2.6.4.1. Marketing Strategy 15.2.7. Thales Group 15.2.7.1. Overview 15.2.7.2. Product Portfolio 15.2.7.3. Profitability by Market Segments 15.2.7.4. Sales Footprint 15.2.7.4.1. Marketing Strategy 15.2.8. Silicon Laboratories 15.2.8.1. Overview 15.2.8.2. Product Portfolio 15.2.8.3. Profitability by Market Segments 15.2.8.4. Sales Footprint 15.2.8.4.1. Marketing Strategy 15.2.9. NXP Semiconductors 15.2.9.1. Overview 15.2.9.2. Product Portfolio 15.2.9.3. Profitability by Market Segments 15.2.9.4. Sales Footprint 15.2.9.4.1. Marketing Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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IoT Development Kit Market
