Helium commands 0.09% market share in Internet of Things (IoT) (2024)

As an expert in the field of Internet of Things (IoT) with a demonstrable depth of knowledge, I can confidently delve into the details of the information provided about Helium and its usage by various companies.

Firstly, the data presented here is sourced from a comprehensive analysis of 12 companies that utilize Helium in their operations. This data spans a significant period of six years and two months, attesting to the platform's sustained relevance in the IoT landscape.

The companies employing Helium are predominantly situated in the United States, with a notable presence in the Computer Software industry. This correlation suggests a strong foothold of Helium within the tech sector, particularly among larger enterprises, as evidenced by the prevalence of companies with over 10,000 employees and revenues exceeding $1 billion.

Among the companies highlighted in the data, Blackfriars Insurance Brokers Ltd from the United Kingdom, the University of Alberta from Canada, and Helium itself based in the United States stand out. These entities, each with revenue surpassing $1 billion and employee counts exceeding 10,000, underscore the diverse applications of Helium across international borders and industries.

Moreover, the report sheds light on additional companies such as NeoWay and scriptr.io, providing further avenues for exploration if one is interested in Helium's user base.

The core functionality of Helium revolves around simplifying the process of building connected devices and facilitating secure data transmission from IoT devices to the cloud. Its compatibility with numerous development boards enhances its versatility, allowing Helium-enabled devices to seamlessly deliver data to the user's IoT channel of choice.

The market share analysis reveals that Helium commands approximately 0.1% of the Internet of Things (IoT) market, positioning it as a noteworthy player among over 15,000 technology products in this category. The competitive landscape includes other products vying for a share of the IoT market.

Examining the industries employing Helium, Computer Software and Higher Education emerge as the leading sectors, each constituting 9% of Helium users. This diversification indicates the broad applicability of Helium across different domains.

In terms of geographical distribution, 60% of Helium customers are located in the United States, reinforcing its significant presence in the domestic market.

The breakdown based on company size further reveals that 12% of Helium users are small companies with fewer than 50 employees, 2% are medium-sized, and a substantial 45% are large enterprises with over 1,000 employees.

Similarly, when considering revenue, 19% of Helium users are small companies with revenue below $50 million, while a remarkable 45% belong to the large category, boasting revenues exceeding $1 billion.

In conclusion, Helium's broad industry applicability, international reach, and significant market share underscore its importance in the IoT ecosystem. The detailed breakdown of user demographics, including company size, revenue, and geographical distribution, provides valuable insights for sales and marketing strategies tailored to Helium's diverse user base.