Internet of Things (IoT) Market is expected to witness a growth of 25.68% from 2019-2026 and reach USD 1,319.08 Billion by 2026

Internet of Things (IoT) Market Analysis

According to Verified Market Research, the Global Internet of Things (IoT) Market Size was valued at USD 212.1 Billion in 2018 and is expected to witness a growth of 25.68% from 2019-2026 and reach USD 1,319.08 Billion by 2026.

What is the Internet of Things (IoT) Market?

The Internet of Things (IoT) can be defined as an arrangement of interconnected and well-organized computing devices, objects, mechanical & digital machines, animals or people that are given with distinctive identifiers/codes with an ability to allocate data over a network without requiring human-to-human or human-to-computer interaction. The scope of IoT has seen a drastic upliftment in the global Internet of Things market with a wide range of applications.

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Global Internet of Things (IoT) Market Outlook

In the report, the Internet of Things market Research outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

The growing use of third-party platforms and increment in the digital transformation are the two main factors which account as the drivers for the global IoT market. Apart from this, cybersecurity risks and privacy concerns could affect the market growth rate. According to our sources, the number of IoT-connected devices was estimated at 18 billion units in 2016. This suggests that with growing advancement the number will increase significantly.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Internet of Things (IoT) Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market. This can be of great use in gaining knowledge about the cutting-edge technologies in the market.

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Global Internet of Things (IoT) Market Competitive Landscape

The “Internet of Things (IoT) Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Intel Corporation, SAP SE, Cisco Systems, Inc., Microsoft Corporation, Oracle Corporation, International Business Machine (IBM) Corporation, and PTC Inc. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Global Internet of Things (IoT) Market, By Software Solution
• Data Management
• Remote Monitoring
• Network Bandwidth Management
• Real-Time Streaming Analytics
• Security

Global Internet of Things (IoT) Market, By Platform
• Application Management
• Network Management
• Device Management

Global Internet of Things (IoT) Market, By Application
• Smart Retail
• Connected Health
• Smart Mobility and Transportation
• Building and Home Automation
• Smart Manufacturing
• Others

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Global Internet of Things (IoT) Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
• Rest of the World

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This release was published on openPR.