Internet of Things in the Energy Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Internet of Things in the Energy Market is segmented by Type (Hardware, IoT Software, IoT Platform, IoT Security, and IoT Services) and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Internet of Things in the Energy Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Internet of Things in the Energy Industry Overview

The internet of things in the energy market is fragmented. The increasing awareness of energy waste control and cost-effectiveness provides lucrative opportunities in the industrial robot market. Overall, the competitive rivalry among existing competitors is high. Acquisitions and collaboration of large companies with startups are expected, focusing on innovation. 

In March 2022, Intel Corporation announced an agreement to acquire Granulate Cloud Solutions Ltd, an Israel-based company. Granulate Cloud Solutions Ltd creates software for continuous real-time optimization. Customers of cloud and data centers will benefit from Granulate's acquisition by increasing compute workload performance and reducing infrastructure and cloud costs.

In March 2022, SAP SE acquired Taulia. The acquisition boosts SAP's offerings for the CFO office and broadens its business network. Taulia's products will continue to be offered separately and fully into SAP software. Within the SAP Group, Taulia will do business as an independent company with its brand.

In February 2022, Intel Acquired Linutronix, the PREEMPT RT (Real Time) architect and a technology provider for industrial Linux. With the growth of Intel's software ecosystem, this acquisition reflects Intel's commitment to supporting the Linux kernel and the Linux community.

Internet of Things in the Energy Market Leaders

  1. AGT International

  2. Cisco Systems Inc.

  3. IBM Corporation

  4. Intel Corporation

  5. SAP SE

  6. *Disclaimer: Major Players sorted in no particular order
Internet of Things in Energy Market Concentration