Global IoT Infrastructure Market Growth Accelerated By Top Companies: Cisco, Amazon, Accenture, Honeywell, IBM, Intel Corporation, Microsoft, NXP Semiconductors, Oracle, PTC, SAP, Schneider Electric, Verizon, NXP Semiconductors

North America IoT infrastructure market is expected to retain highest revenue share over the forecast timeline. This is attributed to the advanced infrastructure followed by rising number of smart city and building projects undertaken by the government across the region. Increasing demand for smart cities in countries such as China, India & Singapore will drive the Asia Pacific IoT infrastructure market growth. Rising investments for the development of smart cities infrastructure coupled with the increasing penetration of connected devices further contributes to the industry growth.

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IoT infrastructure market lies huge growth opportunities for the professional services. Increasing demand for customized services in order to implement and manage the complex IoT networks supports the professional services growth. The service providers with skilled expertise implement the technological solutions and offer end-to-end services resulting in increasing the operational efficiency. In order to reduce the total cost of ownership, adoption of professional services is on the rise, further contributing to the growth. However, managed services segment is set to witness significant growth in China, India & Singapore due to lack of adequate infrastructure for supporting such solutions.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Cisco
2. Amazon
3. Accenture
4. Honeywell
5. IBM
6. Intel Corporation
7. Microsoft
8. NXP Semiconductors
9. Oracle
10. PTC
11. SAP
12. Schneider Electric
13. Verizon
14. NXP Semiconductors

IoT infrastructure Market is set to exceed USD 130 billion by 2024; according to a new research report by Global Market Insights, Inc. The increasing number of smart city projects across the U.S., India, China, Singapore, UK, etc. are anticipated to drive the IoT infrastructure market growth over the forecast timeframe.

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Smart cities require expertise across several sectors including planning, finance, transport, communication, and energy safety, among others. The IoT framework addresses the various aspects of smart projects and allows cities to utilize urban data to improve economic competitiveness, and build more effective solutions. The Indian government plans to develop over 100 smart cities that requires an investment of over USD 150 billion, which is expected to fuel the regional growth.

Increasing demand for water & waste management in cities is also expected to drive the IoT infrastructure market growth. The solutions can be implemented to sense the water supply & drainage operations of a city in real-time through various wireless networks, pressure gauges and monitoring equipment including meters. These data on water supply & drainage can be provided to the relevant management departments in order to analyze the information and make supporting suggestions.

Advancements in sensor technology coupled with the miniaturization trend is helping the manufacturers integrate several functionalities in a single chip. Devices integrated with sensors ensure the seamless transfer and exchange of data. They are used for various functionalities which include monitoring, security as well as lighting systems. Huge volume of data generated from these sensors are required to be collected and analyzed to optimize the processes.

Browse key industry insights spread across 140 pages with 154 market data tables & 12 figures & charts from the report, “IoT Infrastructure Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/iot-infrastructure-market

Heavy investments on hardware components by various government organizations is anticipated to boost the demand for IoT infrastructure market. Increasing penetration of IoT enabled components across various regions further contributes to the strength growth of the hardware segment. The software segment is anticipated to witness high growth owing to the growing demand for software such as data management and streaming analytics.

Professional service segment observes a huge demand in the IoT infrastructure market in order to support companies in the business process transformation. The enormous size of the professional services market in the U.S. owing to the presence of large number of commercial establishments offering such services is expected to contribute to the industry growth. Moreover, increasing focus of government in smart initiatives is offering service providers to invest in markets such as India, China, Singapore and Malaysia.

Companies operating in the IoT infrastructure market include Accenture, Amazon, Bosch Software Innovations, Cisco, Dell, Hewlett Packard Enterprise, Hitachi, Honeywell, IBM, Intel Corporation, Microsoft, NEC Corporation, NXP Semiconductors, Oracle, PTC, SAP, Schneider Electric, Sierra Wireless, Telit, and Verizon.

Browse Related Reports: https://www.gminsights.com/industry-analysis/iot-in-manufacturing-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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