Turkey IoT Market - Industry Size, Share, Trends, Opportunity and Forecast, 2027 | TechSci Research

Turkey IoT market is expected to witness robust CAGR for the forecast period, 2023-2027. The rise in the number of cyber-attacks and fraudulent activities is driving organizations to adopt the internet of things for enhanced data security, security of equipment, among others, is expected to drive the Turkey IoT market. High penetration of internet services and the proliferation of smart devices are contributing to fuel the market growth.

The presence of robust manufacturing infrastructure, advanced banking and communication services, and smart retailing services in Turkey is influencing the demand of the IoT market. The growing number of initiatives by the leading authorities to implement advanced technologies to enhance the quality of life is fueling the adoption of IoT by prominent industry verticals. The rapid urbanization of people in search of better job opportunities and improved living standards is aiding the government to make plans for infrastructural development equipped with the latest technologies is paving the way for the Turkey IoT market growth. The emergence of advanced data analytics and the decline in the cost of connected devices and sensors is boosting the Turkey IoT market growth.

With the growing demand for the adoption of wireless technology as it is more convenient to maintain and cheaper than wired technology. Data is transmitted through wireless technology at a higher pace and is facilitating the communication between the sensors, software and the other connected devices are paving the way for the growth of the Turkey IoT market.

Turkey IoT Market is segmented into component, type, application, regional distribution, and company. Based on component, the market can be divided into hardware, service, and software. The software segment is expected to account for major market share for the forecast period, 2023-2027. The use of smart devices enables to maintain the smooth connection between the manufacturers and the end-users. End-to-end security is crucial for both network and the device. The rise in the adoption of security software solutions to protect confidential information from cyber-attacks and fraudulent activities is expected to drive the demand of the software segment for the next five years.

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The major players operating in the Turkey IoT market are Hyperlink InfoSystem, Turkcell, epcsht, Epigra, Kuka apps, Inspark, ikol Mobile, reengen, TrioMobil, Thales Group, and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Objective of the Study:

  • To analyze the historical growth of the market size of Turkey IoT market from 2017 to 2020.
  • To estimate and forecast the market size of Turkey IoT market from 2021 to 2027 and growth rate until 2027.
  • To classify and forecast Turkey IoT market based on component, type, application, regional distribution, and company.
  • To identify dominant region or segment in the Turkey IoT.
  • To identify drivers and challenges for Turkey IoT.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Turkey IoT.
  • To identify and analyze the profile of leading players operating in Turkey IoT.
  • To identify key sustainable strategies adopted by market players in Turkey IoT market.


TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of Turkey IoT market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

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Key Target Audience:

  • IoT service provider companies
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums, and alliances related to IoT

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022E-2027F

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Component

·         Type

·         Application

Regional scope

Marmara Region; Central Anatolia; Aegean Region; Mediterranean Region; Black Sea Region; South Eastern Anatolia Region; Eastern Anatolia Region

Key companies profiled

Hyperlink InfoSystem, Turkcell, epcsht, Epigra, Kuka apps, Inspark, ikol Mobile, reengen, TrioMobil, Thales Group.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Turkey IoT market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Turkey IoT Market, By Component:

    • Hardware
    • Service
    • Software
  • Turkey IoT Market, By Type:
    • B2B
    • B2C
    • B2G
  • Turkey IoT Market, By Application:
    • Smart Manufacturing
    • Consumer Electronics
    • Building & Home Automation
    • Smart Mobility & Transportation
    • Connected Logistics
    • Others
  • Turkey IoT Market, By Region:
    • Marmara Region
    • Central Anatolia
    • Aegean Region
    • Mediterranean Region
    • Black Sea Region
    • South Eastern Anatolia Region
    • Eastern Anatolia Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Turkey IoT market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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