Internet of Things Market Opportunities and Demand (2020-2026) | Key Players: Google, Intel Corporation, Microsoft Corporation, Cisco, Apple, Oracle Corporation, The Hewlett-Packard Company, Facebook, Dell Technologies

The overall internet of things market is expected to grow from USD 190.0 Billion in 2018 to USD 1,102.6 Billion by 2026 at a CAGR of 24.7% during the forecast period. Organizations around the world are increasingly adopting advanced technologies, which is driving the global internet of things market. Fortune Business Insights in a report, titled "GLOBAL INTERNET OF THINGS (IOT) MARKET: GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2019-2026" states that IoT technology holds significant potential in the ICT sector.

To Gain More Insights into the Internet of Things Market Analysis, Browse Summary of the Research Report - https://www.fortunebusinessinsights.com/industry-reports/internet-of-things-iot-market-100307

List of Top Key Players Mentioned:

Google
Intel Corporation
Microsoft
Cisco
Apple
Oracle
Hewlett Packard Enterprise
Facebook
Dell Technologies

"Microsoft Corporation, Cisco Systems, Inc., and Oracle Corporation are Among the Leading Players in the Market"

Key players in the global IoT market are Using IoT platforms such as application management, device management, and network management to sustain the market. Microsoft Corporation, Cisco Systems, Inc., IBM Corporation, Bosch Software Innovations GmbH, SAP SE, and Oracle Corporation are some of the leading companies in the global market. These companies are increasingly using cloud-computing networks across several platforms. Some companies are likely to invest in research and development (R&D) activities in order to develop innovative IoT solutions. Such activities are expected to help companies gain an edge over the competition.

Request a Sample Copy for more detailed Internet of Things Market Overview - https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/internet-of-things-iot-market-100307

"Healthcare among the Second Leading End Use Industry Segment by Covering 16.2% Share"

Manufacturing and healthcare accounts for the majority of share in the global IoT market. According to the report, in 2018, the healthcare segment holds a share of 16.2% in the global market. BFSI segment offers ample growth opportunities as the demand for IoT solutions in the banking sector is increasing rapidly. Customer relationship with banks has transformed over the years with this new ear of connectivity. Adoption of IoT in banking helps to make faster payments and enhances operational efficiency. Not only this, IoT technology allows credit and debit cardholders to easily access banking services. Moreover, several banking firms are planning to use this technology in order to improve the banking experience of their customers by making it more personal. With the increasing adoption of cloud computing solutions, the BFSI sector is expected to rise at a substantial share during the forecast period.

"Growing Demand for Smart Devices Drives the Market in Europe and Asia Pacific"

In 2018, the market in Asia Pacific generated a revenue of USD 74.5 Bn in 2018. The region is anticipated to lead the global IoT market through the forecast period. Large-scale adoption of technologies such as Cloud computing and Artificial Intelligence (AI) in this region contributes to the growth of the market. Several mergers and acquisitions (M&A) between leading players and rising focus on implementing connected devices is a significant factor driving the market in APAC and Europe. Other regions such as North America and Latin America are expected to grow considerably in the forecast years.

"Mounting Demand for Real-time Data Offers Fillip to the Market"

"IoT technology offers digital transformation to organizations by either upgrading their existing processes or creating a new one," states a lead analyst at Fortune Business Insights. "Small-scale enterprises are also adopting IoT solutions with an aim to enhance their productivity and cost-efficiency," he added. IT industry is aggressively adopting cloud-based solutions to gain easy access to enormous amounts of data. This will further provide significant impetus to the market. The demand for real-time data among businesses is increasing at an exponential rate. This, coupled with increasing penetration of automation, is expected to create growth opportunities for the market by 2026. By adopting the internet of things (IoT) solutions, enterprises can gain real-time insights into their business, which can eventually enhance their decision-making processes. IoT offers several software solutions which include security, remote monitoring, network band management, and real-time streaming analytics. Against this backdrop, the demand for IoT applications is likely to increase over the next few years.

Speak to our Analyst for any Queries about Internet of Things Market Research Report - https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/internet-of-things-iot-market-100307

Contact:

Name: Ashwin Arora
Email: sales@fortunebusinessinsights.com
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245

About Us:

Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

This release was published on openPR.