Core Insights - The global IoT market is projected to reach $1.53 trillion by 2029, nearly doubling from $760.9 billion in 2024, with a compound annual growth rate (CAGR) of 15.05% [1][2] Market Segmentation - Manufacturing and government sectors are the largest verticals for enterprise IoT, with industrial automation and smart city initiatives driving long-term opportunities [2] - Agriculture and energy are expected to be the fastest-growing verticals within the IoT market [2] Technology Segments - The IoT forecast covers four technology segments: hardware, software, services, and connectivity, across 59 geographical markets and 27 verticals [4] - Hardware and software together account for over half of the addressable market, while services and connectivity are key areas for innovation [5] Connectivity Trends - Emerging technologies such as satellite integration, 5G advancements, and embedded connectivity are expected to enhance customer experience and facilitate IoT adoption [6] - In 2024, cellular technologies (including 5G) represented about two-thirds of monetized connectivity, but this share is expected to decrease to around half by 2029 due to the rapid growth of low power technologies and satellite [6] Regional Insights - Asia-Pacific has surpassed North America as the largest regional market for IoT in 2024, with an 18% CAGR through 2029, outpacing all other regions except South & Central America [7] - The United States remains the largest individual market, followed by China, Japan, and India [7]

Industry Overview - The Zacks Computer-Peripheral Equipment industry includes companies that provide input, output, and storage devices, such as keyboards, mice, LCD panels, smart glasses, and gaming accessories [3] - The industry is characterized by intense competition, driving innovation and product development to meet current demand trends [3] Growth Drivers - Increasing demand for professional gaming accessories, touchscreen and wireless devices, smart glasses, and RFID solutions is expected to benefit key players like Logitech, Immersion, Identiv, and TransAct Technologies [1] - The shift in consumer preference from mobile gaming to professional gaming experiences, along with the rise of e-sports leagues, is a significant growth catalyst [4] - The 3D printing market is also seen as a long-term investment opportunity, with growing adoption across various industries [4] Market Dynamics - The demand for commercial PCs is anticipated to rise, driven by interest in AI-equipped devices and the beginning of a PC refreshment cycle [6] - The industry is currently facing macroeconomic challenges, including inflation and high interest rates, which are impacting IT spending and consumer demand [2][7] - New U.S. tariff policies may increase costs for suppliers and end-users, adding to the industry's near-term uncertainties [2][7] Financial Performance - The Zacks Computer-Peripheral Equipment industry has outperformed the S&P 500, with a 20.4% increase over the past 12 months, compared to 17.2% for the S&P 500 and 28.3% for the broader technology sector [13] - The industry is currently trading at a forward 12-month price-to-sales (P/S) ratio of 0.90X, significantly lower than the S&P 500's 5.40X and the technology sector's 7.01X [16] Company Highlights - **TransAct Technologies**: Focuses on transaction-based printers and is benefiting from digital transformation trends. The Zacks Consensus Estimate for 2025 indicates a loss of 15 cents per share, an improvement from previous estimates [19][21] - **Identiv**: Specializes in RFID and IoT devices, with a positive outlook due to successful design agreements. The 2025 loss estimate is projected at 95 cents per share, narrower than earlier forecasts [25][26] - **Immersion**: A leader in haptic technology, with strong demand and a robust patent portfolio. The fiscal 2026 earnings estimate remains at 42 cents per share [29][31] - **Logitech**: A global leader in peripherals, showing recovery with six consecutive quarters of sales growth. The fiscal 2026 earnings estimate has been revised upward to $5.04 per share [34][37]