Internet of Things (IoT) Market Worth USD 2488 Billion By 2022 Growing With 19.75% of CAGR
Global IoT Market, By Software (Data Management, Network Management), By Hardware(Sensors, camera), By Services (Manage Services, Professional Services), By Organization Type (Small & Medium Scale Business, Large Scale Business) – Forecast 2022
Pune, India – October 27, 2017 /MarketersMedia/ —
Market Scenario:
The internet of things are networking smart devices fixed with software electronics sensor and network connectivity that can permit these objects to interchange the information. The IoT allows the entity to be controlled barely across standing network infrastructure. Generating chances for additional direct integration of the physical world into computer-based structures, and resultant in better productivity, precision and monetary assistance in addition to reduced human involvement. The Internet of Things is opening to produce expressively, as consumers, industries, and governments identify the advantage of connecting inert devices to the internet. Internet of things will be the largest market in the world by 2019 and it will double the size of pc, smartphone and connected cars and wearable’s market.
The IoT potentials amplified the productivity inside the home, city, and workplace by giving control to the operator. Nevertheless, many of them are uncertain to use devices as security problems are still an issue. Most of the Industries are undertaking a vast revolution in a bid to change to reasonable, handy, and superior services to their customers. New applications are the result of cutting edge technology inventions, and are being advanced to address the varying industry desires. IoT, in blend with cloud computing and big data, is creating rewarding occasions for businesses. The growing implementation proportion of smart technologies worldwide in several industries has headed the demand for the IoT Market.
Technological explosion and cumulative investments are likely to drive the global market over the years. Substantial advances in telecommunication and increasing infiltration of internet and broadband services have driven the growth of Internet of Things industry. The global IoT market is expected to grow with a CAGR of 19.75%, and is expected to grow US 2488 Billion by the end of 2022.
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IoT Market Players
The prominent players in the market of IoT market are – Amazon Web Services (U.S), AT & T Inc. (U.S), Cisco System Inc. (U.S), Google Inc. (U.S), Oracle Corporation (U.S), , Dell Inc. (U.S), Microsoft Corporation (U.S), Hitachi Data Systems (U.S.), Huawei Technologies Co. Ltd. (China) – International Business Machines Corporation (IBM) (U.S) – and among others.
Study Objectives of Global IoT market:
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global IoT market.
• To provide insights about factors affecting the market growth.
• To analyze the global business intelligence market based porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
• To provide country level analysis of the market with respect to the current market size and future prospective.
• To provide country level analysis of the market for segment by type, service, users ,organization type, Geography
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global IoT Market.
Segments:
The Global IoT market has been segmented on the basis of, Software, Hardware, Services, Platform, Ognization, Industries and Region. On the basis of Software the IoT Market is segmented as data management, Remote Monitoring, Network Management, Security solutions, IoT Market Segmented on the basis Hardware as Sensors, Camera. Network Devices, Security Solution IoT segmented on the basis of Service as Manage Services, Professional Services among the others on the basis of platform the IoT market segmented in Application Management Platform, Connectivity platform and Device Management Platform on the basis of organization type IoT Market Segmented on Small & Medium scale business, Large Scale Business and among others on the basis of industry IoT Market Segmented in IT & Telecom, Retail, Healthcare, Manufacturing, Automotive, Connected Logistics and among the others, on the basis On the basis of geography it has been segmented in North America, Europe, Asia pacific, and rest of the world..
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Regional Analysis
North American market is predicted to grasp the biggest market share in IoT. As most of the key companies are centered in the North America, and the awareness about the benefits of using internet of things, technological developments and early acceptance of IoT is there in this region. The global internet of thing market is controlled to rise in next few years, countries in APAC region have also adopted internet of things and also predicted to become fastest growing market. APAC Region is set to develop the frontline for the Internet of Things with a huge number of government edges driving the demand, the number of things connected IoT is expected to increase in the coming years in the region. Europe also has a good market share due to high responsiveness to Internet of things. Officials in both these regions are acting upon on privacy and data security in the IoT scenario. The overall Internet of Things market is composed to grow in the forecast period.
Intended Audience
System Integrators
Solution Vendors
Advisory Firms
Original Equipment’s Manufacturer
Research Institutes
Network Service Providers
National Regulatory Authorities
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