Turkey Internet of Things (IoT) Market

Turkey Internet of Things (IoT) Market Overview

Internet of Things refers to the connection of several devices to the internet by using software and embedded sensors for exchanging data, collecting, and communication between each other. IoT helps in building a virtually endless array of connections and opportunities at the workplace by combining devices, sensors, and people to enable the free flow of conversation between hardware and software. The Turkey Internet of Things market covers a wide range of applications which include smart manufacturing, smart energy & utilities, government and defense, smart retail, and other applications.

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Major Turkey Internet of Things (IoT) Market Drivers

The internet of things market (IoT) in Turkey is witnessing strong growth over the coming years. The continuous development of wireless networking technologies, along with the increasing adoption of the cloud platform, are the two major factors that are responsible for the growth of the market over the coming years. In addition to this, the arrival of advanced processing and data analytics is further contributing to the market growth. Moreover, the leading companies in the country are focusing on expanding their presence in order to cater to the changing demand of the individuals. For example, in 2018, the UK-based telecom group, Vodafone Spain, announced its plan to expand its location across various nations with more than 25,000 inhabitants. Apart from Europe, the company expanded its existing NB-IoT networks in South Africa and Turkey.

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The government of Turkey introduced its 2013-2023 action plan, in which the Ministry of Transport & Infrastructure in Turkey stated its plan to introduce smart traffic systems that changes according to the vehicle speed and digital bus stop and traffic signals. Furthermore, Turkey is the third most populated city which has deployed a full-time integrated traffic management to increase road safety. This factor will increase the implementation of the Internet of Things in different sectors, thus propelling the market growth. The government has also introduced Turkey’s Strategic Vision of 2023, with an aim to give importance to ICTs in order to achieve the UN’s 2030 Agenda for Sustainable development and the SDGs. The main objectives are to expand the economy to rank among the top ten global countries, transform the nation into a knowledge based society, develop an intercontinental hub for ICTs and improve the ICT-based economic growth. Thus, the rising focus on expanding ICT sector will open new opportunities for the growth of the IoT market in Turkey. The country is emphasizing its 5G evolution and operators in the country are conducting 5G trails. 5G involves huge investment amounting to approximately EUR 40 million and Turk Telekom, Turkcell, and Vodafone Turkey which are among the major investors in the network.

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The Turkey internet of things market has been segmented on the basis of category and end-use. Based on category, the market is segmented into device hardware, systems integration, software solutions and network connectivity. Based on end-use, the market is segmented into manufacturing, automotive, agriculture, retail, healthcare, transportation and logistics and others.

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Market Segmentation

Turkey Internet of Things Market by Category

• • Device Hardware
  • Systems Integration
  • Software Solutions
  • Network Connectivity

Turkey Internet of Things Market by End-Use

• • Manufacturing
  • Automotive
  • Agriculture
  • Retail
  • Healthcare
  • Transportation and Logistics
  • Others