Enterprise IoT Market 2019 Global Leaders Overview: Verizon Communications, Intel Corporation, Cisco Systems, Microsoft, Oracle, IBM, Google, Amazon Web Services

Market Research Future published a research report on “Enterprise IoT Market Research Report - Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Highlights

In this rapidly changing world of technology, enterprise IoT market is projected to show major growth prospects during the forecast period. Major factor driving the enterprise IoT market is the rapid digitalization and increasing adoption of mobile communication devices.

The global Enterprise Iot Market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the enterprise IoT market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of enterprise IoT market. This is owing to the presence of large number of established key players like IBM Corporation, HP, Cisco Systems and Amazon Web Services in that region. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity. This is expected to be a major factor for the growth of enterprise IoT market. Growing adoption of data analytics and data processing is another major factor driving the growth of enterprise IoT market in the region. Reduction is costs of connected devices is another major factor driving the growth of enterprise IoT market in the region.

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The Enterprise Iot Market is growing rapidly over 26% of CAGR and is expected to reach at approx. USD 58 Billion by the end of forecast period.

Key Players

The prominent players in the enterprise IoT market are – Intel Corporation (U.S.), Cisco Systems, Inc. (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), IBM Corporation (U.S.), Google Inc. (U.S.), Hewlett Packard Enterprise (U.S.), Amazon Web Services, Inc. (U.S.), Bosch Software Innovations GmbH (Germany), Verizon Communications (U.S.) and others.

Global Enterprise IoT Market - Segmentation

The Global Enterprise IoT Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

• Segmentation by component: Comprises solution (data management, network bandwidth management, remote monitoring, and security) and services (professional and managed services).
• Segmentation by platform: Comprises device management, application management and network management.
• Segmentation by enterprise type: Comprises SME and large enterprises.
• Segmentation by regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

Global Enterprise IoT Market- Regional Analysis

Geographically North America holds the major market share in the market for global enterprise IoT market. The rapid digitalization across industry verticals and technological advancements have fuelled the growth of the market. With these developments, the enterprise Internet of Things market in North America has gained a significant share. Asia Pacific consists of emerging economies. The high adoption rate of new technologies has made this region a beneficial market for the IT industries. Moreover, the countries in this region are taking aggressive initiatives to upsurge the IT infrastructure, enabling the commercial users to adopt cutting-edge technologies.

Industry News

January, 2018 - EXFO Inc., the network test, monitoring and analytics experts, announced that China Mobile Communications Corporation (CMCC), with the support of EXFO's test solution, successfully concluded a performance verification test for the core networks from 4 major vendors, confirming whether these NFV-based networks can individually support 5 million narrowband IoT (NB-IoT) devices.

January, 2018 - VMware has announced the general availability of VMware Pulse IoT Center, the company’s first solution in its family of VMware Internet of Things (IoT) offerings. VMware Pulse IoT Center is an enterprise-grade IoT device management and monitoring solution that helps both IT and operational technology (OT) organisations to manage, monitor and secure their IoT use cases.

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Intended Audience

• Technology Investors
• Research/Consultancy Firms
• Infrastructure Providers
• Software Vendors
• Technology Providers
• IoT Platform Providers

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