The IoT development kit market is projected to grow from US$ 6,221.3 million in 2022 to US$ 30,725.5 million in 2032, at a CAGR of 17.3% from 2022 to 2032. Previously, from 2017 to 2021, the demand for IoT development kits grew at a CAGR of 14.2%.
The Internet of Things (IoT) development kit is a fully pre-programmed prototype kit that allows developers access to all the hardware and software building blocks needed for implementing, evaluating, and developing the residential, medical, and industrial internet of things application. Smart cities, industrial automation, mHealth solutions, and medical monitoring are just a few of the sectors that use IoT development kits.
The IoT Development Kit Market refers to the market for hardware and software development kits that enable developers to create and prototype IoT applications and devices. IoT development kits typically include hardware such as sensors, microcontrollers, and communication modules, as well as software tools and libraries for programming and testing IoT applications.
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The market for IoT development kits is driven by the growing adoption of IoT technology across various industries such as healthcare, agriculture, manufacturing, and smart homes. These industries require IoT devices that are customized for their specific needs and can be quickly prototyped and tested using development kits.
IoT development kits come in various forms, such as starter kits, evaluation boards, and development platforms. Starter kits typically include basic components such as microcontrollers and sensors and are aimed at beginners and hobbyists. Evaluation boards are more advanced and offer more features such as wireless communication and cloud connectivity. Development platforms provide a complete environment for developing and testing IoT applications, including software tools and cloud services.
Key Players
- Amazon AWS
- Microsoft Azure
- ARM
- Broadcom
- Gemalto
- Intel
- Others
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IoT Development Kit Market: – Segmentation
By Component:
- Hardware
- Sensors
- Actuators
- Power Supplies
- Expansion Board
- Others
- Software
By Application:
- Smart Cities
- Healthcare IT
- Building Automation
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
- Europe
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