Internet of Things (IoT) Market expected to reach USD USD 905.5 billion by 2026, growing at a CAGR of 21.6% | Know the Companies List Could Potentially Benefit or Loose out From the Impact of COVID-19

The Global Internet of Things (IoT) Market was valued at USD 185.2 billion in 2018 and is expected to reach USD 905.5 billion in 2026, growing at a CAGR of 21.6% by 2027.
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Internet of Things (IoT), also known by its abbreviation IoT, is an interconnected computing device system which is coupled with mechanical and digital machines having unique identifiers (UIDs). Such systems possess the ability to utilize networks and transfer data without human interference.

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Market Segmentation:
Following Top Key players are profiled in this Market Study:
Affectiva , Beyond Verbal, iMotions, Kairos, Noldus Information Technology, Cogito, Tobii, Sentiance, NVISO, Lexalytics, Sensum, IBM Corpoaration, Microsoft Corporation, Google, Inc., Gorilla Technology , and Adoreboard among others.

By End-use Industry: Building and Automation, Smart Energy and Utilities, Smart Manufacturing, Connected Logistics, Smart Retail, Connected Healthcare, Banking and Financial Services, Others

Based on the service, the professional service segment is expected to hold 78% in the market.
Based on the service, the market has been segmented into professional service and managed service. Moreover, the professional service segment is expected to hold 78% in the market in 2018. Rapidly growing adoption of internet of things in SMEs as well as large scale industries is fuelling the demand for professional service market globally.

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Regional Analysis:
North America
Europe
Asia Pacific
LATAM
Middle East Africa

Region Analysis:
North American region dominated the global IoT market in 2018 by accounting more than 40% of market share. On the other hand, Asia Pacific region is anticipated to showcase tremendous growth rate in forecast period owing to rapid demand from applications segments and increasing investments.

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