openPR Logo
Press release

Internet of Things (IoT) Market Size, Share, Growth, Trends, Analysis and Forecast to 2022: Credence Research

08-25-2016 06:20 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Credence Research Inc

Credence Research Logo

Credence Research Logo

According to a new market research report published by Credence Research “Internet of Things (By Component – Sensing Devices, Network Connectivity, IT Solutions & Services and IoT Platforms) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023”, the global Internet of Things (IoT) market was valued at US$ 690.43 Bn in 2015 and is estimated to expand with a CAGR of 15.7% from 2016 to 2023.

Browse the full report at http://www.credenceresearch.com/report/internet-of-things-iot-market

Market Insights:

Internet of Things (IoT) refers to a network of different physical objects including electronic devices, automobiles, buildings and other objects equipped with the IoT network component. The concept of IoT works on the principle of connecting various types of objects that can be assigned with an internet protocol (IP) address. The IoT infrastructure is designed to allow an object in the network to be monitored and controlled remotely thereby achieving a higher level of integration. The objects in the IoT network are connected using wireless communication technology.

The IoT market is highly driven by the ever rising penetration of mobile devices such as smartphones and tablets along with the deepening penetration wireless communication services. With further rising penetration mobile devices and advancement in the wireless communication technology, the IoT market is predicted to register high growth in the coming years. Additionally, the IoT market is strongly driven by the rising development of smart grids, smart homes and smart cities.

Nevertheless, the IoT market is strongly hindered due to lack of standardization in the industry and issues related to the data privacy and security. Large number of devices connected in the IoT infrastructure generates huge volumes of data which attracts various security attacks. This is among the serious concerns for the global IoT industry.

Browse All Reports of This Category @ http://www.credenceresearch.com/industry/technology-and-media

Competitive Insights:

The global Internet of Things is highly competitive in nature with numerous technology giants trying to increase their footprint in the market. The IoT market is highly technology driven and hence it becomes essential for the IoT service vendors continue the advancement of their solutions. The companies are focused on providing of IoT platforms, majorly as a complete suite. Companies such as Microsoft Corporation, Google, Inc., Cisco Systems, Inc., IBM Corporation, Samsung Electronics Co., Ltd. and others are investing significantly for marking their presence in the market.

Key Trends:

Focus on development of comprehensive IoT platform suites
Cloud-based services for communication in the IoT ecosystem
Strong investment by major technology and telecommunication companies in the IoT sector
Rising penetration of connected devices
Acquisition and partnerships for entering/strengthening the position in the market

Blog URL - http://www.mobilecomputingtoday.co.uk/3672/global-internet-things-iot-market-cross-2-trillion-mark-2023-credence-research/

About Credence Research:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

For More Information, Visit: http://www.credenceresearch.com/

Media Contact
Company Name: Credence Research
Contact Person: Chris Smith,
Designation: Global Sales Manager
Phone: 1-800-361-8290 FREE
Address: 105 N 1st ST #429, SAN JOSE,
CA 95103
E-mail: sales@credenceresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Internet of Things (IoT) Market Size, Share, Growth, Trends, Analysis and Forecast to 2022: Credence Research here

News-ID: 358533 • Views:

More Releases from Credence Research Inc

ePrison Market is gaining huge growth |Market valued at US$ 1.81 Bn in 2018
ePrison Market is gaining huge growth |Market valued at US$ 1.81 Bn in 2018
The global ePrison market was valued at US$ 1.81 Bn in 2018 and is expected to expand at a CAGR of 6.2% during the forecast from 2019 to 2027. Market Insight ePrison solutions help administrators of correctional homes & prisons to get real-time access to information about staff and prison inmates, thereby helping to ensure discipline, safety, and gauge the needs of inmates. The use of these solutions is not only limited
Cochlear Implants Market - Growth, Future Prospects & Competitive Analysis, 2018-2026
Cochlear Implants Market - Growth, Future Prospects & Competitive Analysis, 2018 …
Cochlear Implants– Global Market Size, Analysis, Share, Trends, Growth and Forecast to 2026 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). The report firstly introduced the Cochlear Implants: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures and
Marine Internet Of Things (IoT) Market Growth, Future Prospects & Competitive Analysis, 2018 – 2026
Marine Internet Of Things (IoT) Market Growth, Future Prospects & Competitive An …
Marine Internet Of Things (IoT)– Global Market Size, Analysis, Share, Trends, Growth and Forecast to 2026 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). The report firstly introduced the Marine Internet Of Things (IoT): definitions, classifications, applications and market overview; product
Laundry Care Market : Key Trends with Market size, Industry Share, Market players and Forecast to 2026
Laundry Care Market : Key Trends with Market size, Industry Share, Market player …
Credence Research lately added a new report titled "Laundry Care Market - Industry Size, Global Trends, Growth, Opportunities, Market Share and Market Forecast - 2018 to 2026" to its repository. This latest research study investigates the Laundry Care market through different segments primarily based on type, application and end-use, market participants, areas and presents country-level evaluation over the forecast period from 2018 to 2026. Browse Here For Full Report with ToC:

All 5 Releases


More Releases for IoT

IoT Cloud Market Next Big Thing | Major Giants Oracle, AWS IOT, IBM Watson IoT, …
COVID-19 Outbreak-Global IoT Cloud Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global IoT Cloud Market. Some of the key players profiled
Narrowband IoT (NB-IoT) Market Future Adoption Overview 2025
The report titled "Global Narrowband IoT (NB-IoT) Market Size, Status and Forecast 2025, Trends, Share, Size Research Report " offers a primary impression of the Narrowband IoT (NB-IoT) industry covering different product Scope, Characterizations, Classifications, Objectives, and Participants in the industry chain structure. This report profiles major 15 topmost manufactures operating like ( Vodafone, China Unicom, China Telecom, AT&T, Etisalat, Telstra, Orange, Telefonica, SK Telecom, Deutsche Telekom  -  for complete manufactures list, please
Blockchain In IOT Market Business Growth Statistics And Key Players Insights Blo …
Research N Report has released a new report on the “global Blockchain in IOT Market”. This report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every side of the market. "Blockchain in Internet
IoT Healthcare Market - Revolution in Healthcare with IOT & IoT has the Potentia …
In this report, the Internet of Things (IoT) Healthcare market was valued at USD 28.42 Billion in 2015, and is projected to reach USD 337.41 billion by 2025, growing at a CAGR of 28.2% over the forecast period. "Internet of Things (IoT) Healthcare Market", published by Xpodence Research, provides extensive insight and analysis of the Internet of Things (IoT) Healthcare market over the next eight years (2015-2025) and acts as a
Narrowband IoT (NB-IoT) Chipset Market - Product Drawbacks 2025
Global Narrowband IoT (NB-IoT) Chipset Market: Overview Narrowband IoT (NB‑IoT) is the new method of communicating with “things” that need limited amounts of data, over long periods, in places that are hard to reach. It is essentially a wireless technology that was standardized by 3GPP in 2016. Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2879 Narrowband IoT is considered the best in class low-power wide area (LPWA) technology to facilitate functioning of various
Narrowband IoT (NB-IoT) Chipset Market Rapidly expanding 2025
Global Narrowband IoT (NB-IoT) Chipset Market: Overview Narrowband IoT (NB‑IoT) is the new method of communicating with “things” that need limited amounts of data, over long periods, in places that are hard to reach. It is essentially a wireless technology that was standardized by 3GPP in 2016. Narrowband IoT is considered the best in class low-power wide area (LPWA) technology to facilitate functioning of various new industrial IoT (IIoT) devices, which includes