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The IoT Technology Market is expected to grow from USD 176.00 Billion in 2016 to USD 639.74 Billion by 2022, at a CAGR of 25.1% during the forecast period.
Major drivers for the growth of the IoT technology market are the increasing adoption of cloud platforms, the declining cost of smart sensors, and increasing investments by major giants of this industry in the IoT market.The IoT technology market has been segmented into node component, network infrastructure, software solution, platform, and service.
The software solution segment held a major share of the market in 2016.
The significant growth in the number of connected devices and the requirement for data storage and analysis are the key factors leading to the dominance of this segment.Get PDF Brochure: https://www.marketsandmarkets.com/requestsampleNew.asp?id=258239167The IoT technology market for the BFSI end-use application is expected to grow at the highest CAGR from 2017 to 2022, followed by building automation.
The mass adoption of online banking, contactless payment, and mobile banking apps has increased significantly.
Banks are trying to create intelligent and personalized customer cross-selling opportunities, which would drive the market of IoT technology.Target Audience:Raw material and manufacturing equipment suppliersSemiconductor wafer vendorsFabless playersEDA and IP core vendorsFoundry playersOriginal equipment manufacturers (OEMs)Original design manufacturers (ODM) and OEM technology solution providersDistributors and retailersResearch organizationsTechnology standard organizations, forums, alliances, and associationsTechnology investorsOperating system (OS) vendorsContent providersSoftware providersThe companies profiled in this report are Intel (US), QUALCOMM (US), Texas Instruments (US), International Business Machines (US), STMicroelectronics (Switzerland), General Electric (US), Hewlett Packard Enterprise (US), Cisco Systems (US), Microsoft (US), Amazon Web Services (US), Symantec (US), PTC (US), and Alphabet (US).
The global internet of things (IoT) market should grow from $52.3 billion in 2018 to $141.2 billion by 2023, at a compound annual growth rate (CAGR) of 22.0% for the period of 2018-2023.Report Scope:The report is a compilation of the existing BCC reports in IoT markets.
The scope is limited to the recent studies published by BCC Research on IoT.Request a Report Sample with Toc and figures to click here: http://marketgrowthanalysis.com/reports/sample/444The report focuses on assessment of IoT technologies and an analysis of companies/platforms and the related service providers.
The study forecasts the market value of the IoT market for key technologies.Report Includes:- 28 tables- An overview of Internet of Things (IoT), its evolution and advancements in IoT Technologies- Analyses of global market trends with data from 2017, 2018 and projections of compound annual growth rates (CAGRs) through 2023- Detailed study of network connectivity management IoT platforms and description of common features and functionalities of IoT connectivity platforms- Comparative study of IoT security, cybersecurity and enterprise IT security- Information on application enabled platforms (AEP) and coverage of future AEP technology trends- Description of smart home devices, their technology and architecture and comparison of smart devices vs. smart hubs- Detailed company profiles of major players in the market, including Marvel Semiconductor Inc., Haystack, Oracle Corp., Stmicroelectronics, Sigma Designs Inc., Withings USA, Double RoboticsRequest for enquiry on This Report at: http://marketgrowthanalysis.com/reports/enquiry/444SummaryThe IoT industry is highly fragmented with a large number of small startups entering the market.An interesting trend shaping the industry is the growing interest of many of the larger IT solutions/service providers who view IoT platforms as high margin solutions that will generate a steady revenue stream through cloud-based, subscription revenue models.
This has spurred number of high value acquisitions in the past three years, for instance Jasper’s acquisition b Cisco in 2016.The IoT industry is also seeing activities from many global mobile network operators for connectivity management platforms as well as IT solution developers for application enablement platforms.
The subject matter of this study is critical in providing additional intelligence for decision-makers all along the value chain within the IoT industry.
In view of these trends, BCC Research has decided that this is an appropriate time to provide a general outlook of current scenario in order to provide readers with an up-to-date understanding of the value and structure of the global IoT industry.Browse more detail information about this report visit at: http://marketgrowthanalysis.com/internet-of-things-iot-marketsAbout Us:Market Growth Analysis is one of the leading digital services provider and a result-oriented company based in Canada.
Internet of Things (IoT) MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Internet of Things (IoT) Market.
The growth sectors of the Internet of Things (IoT) Market are identified with precision for a better growth perspective.Growing Trend of Data Sharing to Surge Adoption of Internet of Things across Different VerticalsThe concept of Internet of Things (IoT) revolves around connecting any device to the internet.
In recent times, IoT is booming and observed to disrupt different verticals.
The growing demand for internet of things across different verticals are expected to impel the growth of its market in the near future.Multiple Application of Internet of Things to Promote Rapid Expansion of MarketSmart city projects are being robustly executed across the globe.
The growing inclination of people towards smart and luxurious lifestyle is promoting the adoption of smart homes, thereby contributing to the expansion of the global market of internet of things.Wearables are gaining popularity due to the growing health concern of people and rise in the need for compact and portable devices.
These smart devices with the assistance of IoT and installed software and sensors collect data about their users that offers insights into these users lifestyle.IoT are acknowledging connected cars.
