Internet of Things Market (IoT Market) Size was valued at USD 212.1 Billion in 2018 and is expected to witness a growth of 25% from 2021-2027 and reach USD 1,319.08 Billion by 2027.
The need for wireless networking technology is a macroeconomic indicator, which is expected to trigger a surge in market growth. The Internet of Things (IoT), developed by market participants and increasingly connected via wireless connections, requires the creation of wireless personal area networks (WPANs) to enable multi-vendor interoperability. Wireless networks meet the unique requirements of small vertical markets and niche applications to provide the benefits of interoperability through standardization.
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The major players in the market are
- Microsoft Corporation
- Oracle Corporation
- International Business Machine (IBM) Corporation
- PTC Inc.
- Hewlett Packard Enterprise
- Amazon Web Services, Inc
Internet of Things (IoT) Market by Platform
- Device management
- Application management
- Network management
Internet of Things (IoT) Market by Software Solution
- Real-time Streaming Analytics
- Security solution
- Data management
- Remote monitoring system
- Network bandwidth management
Internet of Things (IoT) Market by Application
- Professional service
- Deployment and integration
- Support and maintenance
- Consulting service
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Scope of the Report
The research study analyzes the global Internet of Things industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
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 Internet of Things Market Report
1. What was the Internet of Things Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Internet of Things Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Internet of Things Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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