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Internet Of Things (IoT) Market To Compute Double Digit CAGR of 21% By 2026 | Industry Outlook

Jan 12, 2019

Jan 12, 2019 (WiredRelease via COMTEX News Network) -- A Latest market study report by MarketResearch.Biz named “Global Internet Of Things (IoT) Market type, sales channel, application, and region” and Global Forecast 2018-2027 prospects drivers and constraints as well as factors contributing to the growth of the global Internet Of Things (IoT) market. The report serves insightful and detailed information regarding the various key players operating in the Internet Of Things (IoT) market 2018, their financial, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.

The Global Internet Of Things (IoT) Market was valued at US$ 847.0 Bn in 2016 and is projected to reach significant value in 2026, growing at a CAGR of 21% from 2018 to 2027.

The Internet of Things (IoT) is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers and ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.

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Global Internet Of Things (IoT) Market by Top Leading Companies (2018-2027):

Google Inc.Cisco Systems, Inc.IBM CorporationFujitsu Ltd.HP Inc.Dell Inc.Arm LimitedIntel CorporationInfineon Technologies AGInfosys Limited

The Internet Of Things (IoT) Market is segmented on the Basis of type, sales channel, application, and region

Segmentation on the basis of component:

HardwareNetwork DevicesStorage DevicesSensorsProcessorsSoftwareData ManagementSecurityReal-Time AnalyticsRemote MonitoringNetwork ManagementServicesDeployment and IntegrationSupport and MaintenanceConsultingManaged Services

Segmentation on the basis of application:

Consumer ElectronicsManufacturingTransportationUtilitiesHealthcareRetailOthers

The software considered in the global internet of thing (IoT) market are embedded software, hub software, communication software, security solutions, data management software, etc. Smart homes which connects domestic appliances such as heating modules, air conditioning units, television sets, lighting systems, PCs, entertainment systems, security devices, and camera systems using communication units such as smartphones and connected tablets is expected to boost growth of consumer electronic segment in internet of things (IoT) market.

Growth of the global IoT market is driven significantly by increasing usage of the internet, coupled with favorable government initiatives in various countries. In addition, increasing adoption of automation technologies by various sectors such as manufacturing, automotive, etc. that can be monitored and operated via the internet is another factor driving growth of the global internet of things market, and this trend is expected to continue over the forecast period. Rising investment in technology and various start-ups entering are also driving adoption of IoT in the global market. Moreover, various technological advancements to increase efficiency and accuracy of various connected devices and to make them more user-friendly are some other factors expected to fuel growth of the global internet of things market during the forecast period.

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Geographically, the report is categorized into different main sectors, with manufacture, consumption, revenue (million USD), market share and evolution measure of Internet Of Things (IoT) in these regions, from 2018 to 2027 (predicted), covering,

– North America (United States, Canada and Mexico)

– Europe (Germany, France, UK, Russia and Italy)

– Asia-Pacific (China, India, Japan, Korea, and Southeast Asia)

– South America (Brazil, Argentina, Columbia)

– Middle East and Africa (UAE, Saudi Arabia, Nigeria, Egypt, and South Africa)

North America market is estimated to dominate the global Internet of Things (IoT) market during the forecast period. Revenue share of North America IoT market to global market is over 30% in 2017. Increasing preference for smart homes cloud based monitoring and controlling of devices such as security cameras, doors, washing machines, etc. is a key factor expected to driving growth of the Internet of Things (IOT) North America market.

Europe IoT market is expected to hold second-largest revenue share in the global market. Increasing adoption of IoT systems such as sensors in transportation sector to avoid accidents, traffic jam, public transport fleet and route management is expected to drive growth of the internet of thing (IOT) market in Europe.

Available Customizations

With the given market information, MarketResearch.Biz offers customizations according to the company-specific requirements. The following customization options are available for the report:

-Region-wise and country-wise study of the market, and by various segments.

-Detailed study and company profiles of additional market players.

SOURCE: Comtex

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