Internet of Things Technology Market Global Premium Research Report 2017 of 229 pages added by reports and reports explores Global Internet of Things Technology Market Size, Share, Companies, Statistics, and Opportunities Forecast to 2022. Global Internet of Things Technology Market set to hit $19.30 billion at a CAGR of 5.95% by 2022.
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Internet of Things Technology (IoT) is the network of physical devices, vehicles, home appliances, and other items embedded with electronics or a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.
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Global Internet of Things Technology Company Market Analysis: 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 report also covers some of the new players in the Internet of Things (IoT) Technology market such as Ayla Networks (US), Losant IoT (US), Notion (US), Pepper (US), and Helium Systems (US).
Report provides comprehensive information on Internet of Things Technology Market by – Node Component (Processor, Sensor, Connectivity IC, Memory Device, and Logic Device), Network Infrastructure, Software Solution, Platform, Service, End-use Application, and Geography.
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Growth of Internet of Things Technology Market is boosted by factors such as growing market of connected devices and increasing investments in the IoT industry. However, the lack of common communication protocols and communication standards across platforms, and high-power consumption by connected devices are hindering the growth of the IoT technology market.
The breakup of the profiles of primary participants has been given below.
- By Company Type: Tier 1-55%, Tier 2-25%, and Tier 3-20%
- By Designation: Directors-50%, CEO-20%, Vice Presidents-25%, and Others-5%
- By Region: North America-35%, APAC-35%, Europe-20%, and RoW-10%
“IoT technology market for BFSI end-use application expected to grow at the highest rate from 2017 to 2022”
The IoT technology market for the BFSI end-use application is expected to grow at the highest CAGR from 2017 to 2022.The growing mass adoption of online banking, contactless payment, and mobile banking apps has increased significantly, which would propel the growth of IoT technology in the BFSI sector.
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“IoT technology market in APAC expected to grow at the highest rate during the forecast period”
The IoT technology market segmented on the basis of region into North America, Europe, Asia Pacific, and Rest of the World. North America held the largest share of the IoT technology market in 2016 owing to the strategic initiatives taken by many large American technology firms, the early adoption of various IoT-enabled products across multiple end-user applications, and the increased research and development in the field of IoT.
The market in APAC is expected to grow at the highest rate from 2017 to 2022 owing to the growing penetration of the Internet across commercial as well as residential spaces, high consumer base, and improving IT infrastructure.
The report describes the IoT technology market and related developments in terms of node component, network infrastructure, hardware, software solution, platform, service, and end-use applications across different regions. It aims at estimating the market size and future growth potential of this market across different segments such as node component, network infrastructure, software solution, platform, service, end-use application, and geography.
Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
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