IoT Market 2021-2027
New Study Reports ” IoT Market 2021 Global Market Opportunities, Challenges, Strategies and Forecasts 2027” has been Added on MarketResearchFuture.
Introduction/Report Summary:
This report provides in depth study of “IoT Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The IoT Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
The IoT Market is growing rapidly over 26% of CAGR and is expected to reach at approx. USD 58 Billion by the end of forecast period.
The IoT market is witnessing the stellar growth from factors such as residential and commercial smart electricity metering which could fuel IoT adoption among utilities in the coming years. Physical protection, where the identification of building intruders and the use of indoor surveillance events, can drive volume and becoming the second-largest IoT customer, thereby increasing the global IoT Market valuation. Increasing acceptance of BYOD and mobile apps is a major factor driving the development of the IoT market for enterprises.
The key driver of the growth of the IoT enterprise market is the emerging need for digitisation and rising cloud platform adoption. Furthermore, reducing the cost of connected devices is another important factor driving enterprise growth in the IoT market. Progressing wireless networking infrastructure is also another significant factor accountable for driving businesses’ success in the IoT industry. Big companies such as IBM Corporation and Bosch are investing in the IoT market owing, among other factors, to the growing demand from different vertical industries such as healthcare, business, education , manufacturing. Morevoer, these key players in the IoT business market are constantly implementing approaches by executing planned mergers and acquisitions, producing new creative IoT devices and solutions.
Key Players
The report has profiled some of the Important players prevalent in the global like – Intel Corporation (U.S.), Cisco Systems, Inc. (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), IBM Corporation (U.S.), Google Inc. (U.S.), Hewlett Packard Enterprise (U.S.), Amazon Web Services, Inc. (U.S.), Bosch Software Innovations GmbH (Germany), Verizon Communications (U.S.) and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the IoT.
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Segmentation of Market: IoT
As per the study, the IoT market is further studied among segments such as platform, component, and enterprise type.
In terms of component segment, the market is bifurcated among solutions, software, and services. Among these, the software segment acquires the largest market share for the IoT market owing to the rising cloud-based applications and cloud-based data storage.
In terms of the services segment, the market might expand at a noteworthy rate owing to the escalating demand for IoT applications and devices.
In terms of the platform segment, the market has included device management, application management, and network management.
In terms of enterprise type, the market has included SMEs and large enterprises.
Regional Outlook
The regional analysis of IoT market is being studied for regions such as Asia Pacific, Middle east and Africa, North America, Europe, and Latin America.
North America’s global business IoT market is expected to see significant growth relative to other markets and have the largest market share over the forecast period. The U.S. and Canada are expected to fuel IoT business demand for businesses. This is due to the involvement of a large number of well-known major players including HP, Cisco Systems, IBM Corporation, and Amazon Web Services in that region. Some countries have developed economies that allow them to spend heavily in R&D. However, the region also has a well-established network that facilitates greater mobile penetration and eventually improved connectivity. This is considered to be an important driver for growth of the business IoT market. In reality, the start-up community in North America is growing faster relative to the other regions. Rapid vertical digitalisation across industry, increased proliferation of smart connected devices, and technical advancements have further fuelled IoT growth in this area. Another important factor driving the development of the IoT business industry in the area is the growing adoption of data mining and data analysis. Reducing the prices of connected devices is another primary driver of growth in the IoT enterprise market in the region.
Key Stakeholders
IoT Market Manufacturers
IoT Market Distributors/Traders/Wholesalers
IoT Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
3 MARKET DYNAMICS
4 EXECUTIVE SUMMARY
5.MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES ANALYSIS
5.2 SUPPLY CHAIN ANALYSIS
And more
Continued…
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