The IoT Analytics part is anticipated to develop to almost 5x its size in 2017 and be a market opportunity surpassing US$ 50 Bn in 2025. The CAGR for the IoT Platform is extensively higher at 25.6% amid 2017-2025
Market Research Reports Search Engine (MRRSE), has added a new report in its database titled, “‘Internet of Things (IoT) Market: Global Industry Analysis 2012-2016 and Forecast 2017-2025.” According to this report there is tremendous growth in the usage of smartphones and this growth is responsible for the usage of internet services like e-commerce, online banking, e-education and so on. The global Internet of Things (IoT) market achieve huge success and wide acceptance across the globe with the arrival of 4G. This new publication has examined the global market for Internet of Things market for the period of eight years, i.e. between 2017 and 2025.
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Global Internet of Things (IoT) Market- Segmental Analysis and Forecast
This market is segmented into application, components, industry, and region. Five regions have been covered in this report such as North America, Europe, Latin America, APAC and MEA. North America is the prime region in the global IOT market as the region is frequently at the front line of technological development and innovation. The market in the United States U.S. is now double the extent of its northern neighbor and it is possibly going to remain so for a long time in years to come. Inside North America, two segments namely IoT Security and IoT Analytics are ready to propel US$ 17 Bn and US$ 23 Bn respectively. Nevertheless, key players in the North America IOT market might essential to study the way that both IoT Data Transport and IoT Platform record a higher Compound Annual Growth Rate for the period.
Component segment is consists of IoT Security, IoT Platform, IoT Sensor, IoT Data Transport, IoT Sensor and IoT Analytics. Organizations should concentrate on the segments of IoT Analytics and IoT Platform in the worldwide market of IoT. The IoT Analytics part is anticipated to develop to almost 5x its size in 2017 and be a market opportunity surpassing US$ 50 Bn in 2025. The CAGR for the IoT Platform is extensively higher at 25.6% amid 2017-2025.
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Application segment is further segmented into V2V communication, smart grid, wearable computing devices, home and building automation, M2M communication and others. On the other hand industry segment is further segmented into Transportation & Logistics, Manufacturing, Government, Healthcare, Energy & Utilities, Retail and others
Global Internet of Things (IoT) Market- Key Players
IBM Corporation, Microsoft Corporation, AT&T, Inc., Apple, Inc., Google, General Electric, Samsung Electronics Co. Ltd., Comcast Corporation, Intel Corporation, Cisco Systems, Inc., Oracle Corporation, Hewlett Packard Enterprise, Fujitsu Limited, Qualcomm Technologies, Inc., Honeywell International, Inc., Accenture PLC, and Amazon Web Services, Inc. are some of the key player functioning in the global IoT market. While, SAP SE, Zebra Technologies and Texas Instruments, Inc. are other players in the market.
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