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Internet of Things Market valued approximately USD 171 billion in 2017 is anticipated to grow with a healthy growth rate of more than 23.4% over the forecast period 20172025. 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 smart phone penetration across the world, increasing demand for smart electronics are fueling growth in the market.
The regional paradigm of global Internet of Things Market is dominated by North America which is currently holding 32% of the total revenue share in 2016. Early adoption of technology in various industry verticals is the primary reason for growth. With these developments, the Internet of Things market in North America has gained a significant share. Furthermore, Asia Pacific region is anticipated to grow with a highest CAGR over the forecast period. Increasing demand for automation by the manufacturing industry and government initiative to develop 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. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and subsegment of the market are explained below:
By Software Solution:
RealTime Streaming Analysis
Network Bandwidth Management
By Application Area
Building and Home Automation
Smart Energy and Utilities
Smart Mobility and Transportation
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year 2015
Base year 2016
Forecast period 2017 to 2025
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.
Target Audience of the Internet of Things in Market Study:
Key Consulting Companies Advisors
Large, mediumsized, and small enterprises
ValueAdded Resellers VARs
Thirdparty knowledge providers
Original Article: Internet of Things Market Size Study, by Platform Device Management, Application Management, Network Management, by Software Solution RealTime Streaming Analysis, Security, Data Management, Remote Monitoring, NBM, by Application Area Building home AutomatNEXT ARTICLE
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