Smart Connected Assets and Operations Market worth 215.53 Billion USD by 2022
Smart Connected Assets and Operations Market by Module (Hardware-Sensors, Processors, Network Connectivity- Wired & Wireless; APM Software & Platform, and Services- Professional & Managed), Industry, and Geography – Global Forecast to 2022
Seattle, United States – December 14, 2016 /MarketersMedia/ —
The report “Smart Connected Assets and Operations Market by Module (Hardware-Sensors, Processors, Network Connectivity- Wired & Wireless; APM Software & Platform, and Services- Professional & Managed), Industry, and Geography – Global Forecast to 2022”, was valued at USD 103.82 Billion in 2015 and is expected to reach USD 215.53 Billion by 2022, at a CAGR of 10.26% during the forecast period. Factors such as growing demand for better operational performance, reduction in cost & energy, and increase in manufacturing agility are driving the growth of the smart connected assets and operations market.
Browse 65 market data tables and 74 figures spread through 198 pages and in-depth TOC on “Smart Connected Assets and Operations Market – Global Forecast to 2022”
Buy Now @ https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=131281533
Early buyers will receive 10% customization on reports.
Automotive and transportation expected to hold the largest market share during the forecast period
The automotive and transportation sector held the largest share in the smart connected assets and operations market in 2015, followed by the healthcare sector. The IoT platform in transportation application provides a range of infotainment, traffic, navigation, vehicle maintenance, security, and safety features. IoT in transportation forms an entirely novel mobile platform by bringing together component suppliers, auto manufacturers, telecom vendors, and content providers.
APM Software and platform for smart connected assets and operations market expected to grow at the highest rate between 2016 and 2022
The APM software and platform plays an important role in the smart connected assets and operations market. The companies have already installed set up with the traditional equipment and hardware. For connecting the assets and operations smartly, IIoT platform and software is required, which is used to manage the asset’s performance (APM software) to generate better operational performance. Therefore, the APM software and platform market is expected to grow at a higher rate than the hardware components.
Smart connected assets and operations market in APAC likely to grow at a high rate during the forecast period
Several initiatives have been taken up by the Government of India such as Make in India and Digital India is one of the major factors supporting the growth of the smart connected assets and operations market in APAC. As China and Japan are the leading countries in semiconductor and electronics industry, due to this the scope for smart connected assets and operations system is high. Such initiatives by the government and companies are driving the smart connected assets and operations market.
Major players operating in the smart connected assets and operations market include Intel Corporation (U.S.), Cisco System Inc. (U.S), IBM Corporation (U.S.), ARM holding plc (U.K.), General Electric Company (U.S.), Texas Instruments (U.S.), Cypress Semiconductor (U.S.), Rockwell Automation (U.S.), NXP Semiconductor (Netherlands), and STMicroelectronics N.V. (Switzerland).
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
For more information, please visit http://www.marketsandmarkets.com/Market-Reports/smart-connected-assets-and-operations-market-131281533.html
Contact Info:
Name: Rohan
Email: newsletter@marketsandmarkets.com
Organization: MarketsandMarklets
Address: MarketsandMarkets , 701 Pike Street Suite 2175, Seattle, WA 98101, United States
Phone: 1-888-600-6441
Release ID: 154414
Copyright © 1999-2013 SproutNews.com
