Global Internet of Things (IoT) in Food Market, By Component (Software Solutions, Services, Platform), Node Component (Processor, Sensor, Connectivity IC), Network Infrastructure (Server, Storage, Ethernet Switch and Routing, Gateway), Connectivity Technology (Wi-Fi, Bluetooth Low Energy (BLE), Zigbee, Near Field Communication (NFC), Cellular, Satellite, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Internet of things (IoT) in food market is expected to reach USD 10.74 billion by 2028 growing at a growth rate of 9.50% in the forecast period 2021 to 2028. Increasing development of wireless networking technologies which will likely to act as a factor for the internet of things (IoT) in food market in the forecast period of 2021- 2028.
The internet of things technology helps to link different smart devices together to enable the operation and sharing of data between them. Different smart devices, such as cameras, smartphones, and wearables, gather required data from devices that are further used to improve the experience of customers.
Increasing adoption of cloud platform, rising advent of advanced data analytics and data processing, growing adoption of IoT technology across end-user industries, such as manufacturing, automotive, and healthcare, increasing venture capital investments in IoT industry, growing penetration of internet and broadband services, are some of the major as well as vital factors which will likely to augment the growth of the internet of things (IoT) in food market in the projected timeframe of 2021-2028. On the other hand, rapid urbanization along with growth in consumer awareness regarding the sustainability of the edibles which will further contribute by generating massive opportunities that will lead to the growth of the internet of things (IoT) in food market in the above mentioned projected timeframe.
Interoperability and lack of common standards along with data security and privacy concerns which will likely to act as market restraints factor for the growth of the internet of things (IoT) in food in the above mentioned projected timeframe. Rapid demand in bandwidth requirement along with data migration from legacy systems which will become the biggest and foremost challenge for the growth of the market.
This internet of things (IoT) in food market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on internet of things (IoT) in food market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Internet of Things (IoT) in Food Market Scope and Market Size
Internet of things (IoT) in food market is segmented on the basis of component, node component, and connectivity technology and network infrastructure. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of component, the internet of things (IoT) in food market is segmented into software solutions, services, and platform. Software solutions have been further segmented into real time streaming analytics, security, data management, remote monitoring, and network bandwidth management. Security has been further sub segmented into identity access management, data encryption and tokenization, secure communications, distributed denial of service protection, and others. Data management has been further sub segmented into customer data, product data, supplier data, location data, and asset data. Network bandwidth management has been further sub segmented into standalone network management, and bundled network management. Service has been further segmented into professional service, and managed service. Professional service has been further sub segmented into deployment and integration, support and maintenance, and consulting. Platform has been further segmented into device management, application management, network management, and cloud platform.
- Based on node component, the internet of things (IoT) in food market is segmented into processor, sensor, and connectivity IC. Processor has been further segmented into microcontroller (MCU), microprocessor (MPU), digital signal processor (DSP), and application processor (AP). Sensor has been further segmented into accelerometer, inertial measurement unit (IMU), heart rate sensor, pressure sensor, temperature sensor, blood glucose sensor, electrocardiogram (ECG) sensor, blood oxygen sensor, humidity sensor, image sensor, ambient light sensor, flow sensor, level sensor, chemical sensor, carbon monoxide sensor, motion and position sensor, and camera module. Connectivity IC has been further segmented into wired, wireless, memory device, and logic device.
- Based on connectivity technology, the internet of things (IoT) in food market is segmented into Wi-Fi, Bluetooth low energy (BLE), Zigbee, near field communication (NFC), cellular, satellite, and others.
- Based on the network infrastructure, the internet of things (IoT) in food market is segmented into server, storage, Ethernet switch and routing, and gateway.
Internet of Things (IoT) in Food Market Country Level Analysis
Internet of things (IoT) in food market is analysed and market size, volume information is provided by country, component, node component, connectivity technology and network infrastructure as referenced above.
The countries covered in the internet of things (IoT) in food market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
North America dominates the internet of things (IoT) in food market due to the increasing adoption of smart connected devices along with growing number of technological advancement while Europe region will expect to grow in the forecast period 2021 to 2028 due to the increasing adoption of advanced technology in the region.
The country section of the internet of things (IoT) in food market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Internet of Things (IoT) in Food Market Share Analysis
Internet of things (IoT) in food market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to internet of things (IoT) in food market.
The major players covered in the internet of things (IoT) in food report are Intel Corporation; SAP SE; Cisco; Microsoft; IBM Corporation; Oracle; PTC; Google; Hewlett Packard Enterprise Development LP; Amazon Web Services, Inc.; Bosch.IO GmbH; General Electric; Telit; Happiest Minds; HARMAN International.; ScienceSoft USA Corporation.; HQSoftware.; Arm Limited; Siemens; Koninklijke Philips NV; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Internet of Things (IoT) in Food Market
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