The IoT Solutions & Services market size is projected to reach $279 billion by 2024, according to a report by Orion Market Reports. This will achieve this at $139.3 billion in 2019 with an average annual growth rate (CAGR) of 14% over the forecast period.
A full report of IoT Solutions and Services Market is available at: https://www.orionmarketreports.com/iot-solutions-and-services-market/41291/
In North America, the United States and Canada are two major contributors to the growth of the overall IoT solutions and services market. The North American market is dominated by the manufacturing and transportation industries in IoT adoption. To improve industrial digitization, the U.S. government has launched a new initiative called the National Network for Manufacturing Innovation, also known as U.S. Manufacturing. Under this plan, the U.S. government has announced nine manufacturing innovation agencies. All of these initiatives have demonstrated a higher demand for professional services, including consulting, implementation and deployment, and support and maintenance services.
This Report Provides Comprehensive Analysis of Market Growth Engine
• Factors Limiting Market Growth
• Current Market Trend
• Market Structure
• Market Outlook for The Next Few Years Global IoT Solutions and Services Market
IoT Solutions and Services Market Segmentation:
By component:
• Hardware
• Platform
• Solutions
• Services
By solution:
• Data Analytics and Machine Learning
• Complex Event Processing
• Network Management
• Cybersecurity
By Platform
• Data Management
• Device Management
• Network Management
By Application
• Smart Home
• Smart Wearables
• Smart Cities
• Smart Grid
• IoT Industrial Internet
• IoT Connected Cars
• IoT Connected Healthcare
• Others(Toys And Drones)
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by IoT Solutions and Services Market Report
• What was the IoT Solutions and Services Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of IoT Solutions and Services Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the IoT Solutions and Services Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
