Connected IoT Devices Market – 2019 Industry Size, Share, Growth Analysis, Trends, Leading Players, Opportunities, Competitive Landscape and Regional Forecast 2023
Market Research Future published a research report on “Connected IoT Devices Market Research Report – Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India – September 25, 2019 /MarketersMedia/ —
Market Overview
The global connected IoT devices market is expected to exhibit a strong 19% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global connected IoT devices market is expected to garner a solid growth rate in the coming years due to the growing demand for the implementation of IoT technology in a number of industrial end use channels. The global connected IoT devices market is likely to be a vital market for ensuring steady progression of the global economy, as IoT devices and technology are likely to be used in an increasing number of end-use industries over the forecast period.
The report presents a detailed historical report on the global Connected IoT Devices Market, further using the historical data to make qualified, reliable projections about how the market is likely to grow over the forecast period. Leading players in the global connected IoT devices market and their key competitive strategies are also profiled in the report in order to provide readers with a clear picture of the competitive landscape in the market.
The growing demand for IoT technology in manufacturing, smart homes, telehealth, and other end-use applications is likely to be the major driver for the global connected IoT devices market over the forecast period. Smart homes are likely to be increasingly popular over the forecast period, as users around the world become more aware of the various advantages of smart home technology and opt to incorporate the same into their residential architecture. Governments are also supporting the growth of the smart homes market due to the significant reduce in power expenditure that could be achieved by widespread adoption of smart home technology. Industrial IoT is also likely to be a major revenue generator for the global connected IoT devices market over the forecast period, as the manufacturing sector is increasingly making use of IoT technology to keep track of disparate processes.
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Connected IoT Devices Market Segmentation:
The global connected IoT devices market is segmented on the basis of the component, deployment, and application. The deployment segment is classified as a private cloud, public cloud, and hybrid cloud. However, the hybrid cloud segment is expected to grow at the highest rate across the globe over the forecast period. The hybrid cloud deployment offers various benefits to the businesses such as providing low-cost solutions, and flexible and scalable access to clients.
Key Players:
Some of the prominent players in the global connected IoT devices market are Advantech Co., Ltd. (Taiwan), Aeris Communication, Inc. (U.S.), Amplia Soluciones (Spain), Cumulocity GmbH (Germany), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), PTC Incorporation (U.S.), Smith Micro Software, Inc. (U.S.), Telit Communications PLC (Italy), Wind River Systems (U.S.), Xively (U.S.), Samsung Electronics Co. Ltd. (South Korea), Motorola Inc. (U.S.), Nokia Solutions Network (Finland), LG Corporation (South Korea), Hewlett-Packard (U.S.), HTC Corporation (Taiwan), Apple Inc. (U.S.), Dell Inc. (U.S.) and others.
Market Research Analysis:
North America is estimated to account for the largest share of the market, whereas Europe market is projected to grow at the fastest rate during the forecast period. The North American market is witnessing a rapid growth due to technological advancements and increasing demand for mobile application development platforms across different industry verticals in this region. The U.S. holds the majority of market share both in terms of revenue as well as the adoption of smart homes and another connected internet of things applications and devices.
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Intended Audience
• Technology Investors
• Research/Consultancy firms
• Technology Solution Providers
• Government Bodies
• IoT devise management solution vendors
• System integrators
• Regulatory agencies
• Investors and venture capitalists
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Info:
Name: Abhishek Sawant
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Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 88922430
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