Technology Industry Research – Internet of Things Market
The internet of Things Market has been valued at almost 171 billion dollars in the last two years. It has been growing further with a growth rate of more than 23 percent in the next five years.
Additionally, the global standards have been driven mostly by the Networking Technologies, adoption of cloud platforms and an increase in demand of connected devices.
Several other factors have been also manipulating the penetration all across the globe. They have been mostly increasing the demand for smart electronics and further fueling market growth.
The regional paradigm has been mostly dominated by North America which has been holding on a 32 percent share of the total revenue by the year 2016. The primary reason remains the early adoption of technologies.
The global Internet of Things (IoT) market is driven by growth of Wireless Networking technologies, rising adoption of cloud platform, and increasing demand for connected devices. Moreover, other factors such as increasing internet and smartphone penetration across the world, increasing demand for smart electronics are fueling growth in the market. Increasing demand for automation by the manufacturing industry and government initiative to develop IOT smart infrastructure are the primary growth drivers in the APAC region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.
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The detailed segments and sub-segment of the market are explained below:
By Software Solution:
Real-Time Streaming Analysis
Network Bandwidth Management
By Application Area:
Building and Home Automation
Smart Energy and Utilities
Smart Mobility and Transportation
Rest of the World
Some of the key manufacturers involved in the market Intel Corporation, SAP SE, Cisco Systems, Inc., Microsoft Corporation, Oracle Corporation, International Business Machine (IBM) Corporation, PTC Inc., Google Inc., Hewlett Packard Enterprise., Amazon Web Service, Inc., Bosch Software Innovation, GmbH, General Electric Frequent cross industry partnerships are leading to market consolidation.
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