Internet of Things (IoT) Market Exploring the Impact of Trends on Strategies of Key Players | Intel Corporation, SAP SE, Cisco Systems, Inc., Microsoft Corporation, Oracle

Internet of Things is the interconnection of the computing devices and various objects through the existing Internet infrastructure. Evolution in the convergence of wireless technologies, internet and micro-electromechanical systems has made IoT and machine to machine (M2M) technologies possible. Presently, 51% of the population lives in metro cities; hence, the IoT market has numerous opportunities to grow. Gaming would be one of the biggest technology trends that would happen on IoT in future. There are various challenges in IoT ecosystem due to which the ecosystem is yet to gain popularity amongst the people. Lack of shared infrastructure, lack of common standards, control over the data, and data sharing are some of the challenges that must be addressed by the IoT to gain popularity. As IoT is a novel concept, a giant player in the IoT market named Cisco is developing Asia’s first Internet of Things hub in Asia Pacific region. This concept would help the Asia Pacific region to create a smart city environment.

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Internet of Things (IoT) Market Analysis
The Global Internet of Things (IoT) Market 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 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 market with a wide range of applications. 

Global Internet of Things (IoT) Market Outlook
In the report, the market outlook section mainly encompasses 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.

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.

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 a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.

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 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 to 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.

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Reasons to Purchase this Report
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes an in-depth analysis of the market of various perspectives through Porter's five forces analysis.

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