Press release
Internet of Things (IoT) Market Set for Rapid Growth forecast 2019-2026| Key Players - Google Inc., Hewlett Packard Enterprise, Amazon Web Services,and more
Internet of Things (IoT) Market
The Global Internet of Things (IoT) Market is witnessing a remarkable growth owing to an increase in the demands for the products and a tremendous shift in consumer preferences. The high demand is concentrated in the European and North American countries. The report on Global Internet of Things (IoT) Market offers a comprehensive analysis of the recent advancements in the Internet of Things (IoT) industry and trends driving the growth of the market. The global Internet of Things (IoT) Market is forecast to grow at a rate of 25.3% in terms of value, from 2019 to reach USD 1498.95 Billion by 2026, according to a new report by Reports and Data. The report offers the segmentation of the market on the basis of types, applications, and regions.
The report is updated with the latest trends and economic scenario owing to the COVID-19 pandemic. The impact analysis of the pandemic is described in the report. A comprehensive analysis of the present and future impact of COVID-19 on the market, along with a post-COVID-19 scenario, is included in the report.
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On the basis of regional analysis, the market is segmented into key geographical regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. According to the analysis, North America is expected to dominate the market with the highest market share. Asia-Pacific is anticipated to show a significant growth rate owing to rising development and population demands.
The market is further segmented on the basis of types and On the basis of application:
Application Outlook (Revenue, USD Billion; 2016-2026)
• Building and home automation
• Smart energy and utilities
• Smart manufacturing
• Connected logistics
• Smart retail
• Smart mobility and transportation
Connection Methods Outlook (Revenue, USD Billion; 2016-2026)
• Ethernet
• Wi-Fi
• LPWAN
• Cellular
• Bluetooth
• Satellite
Component Outlook (Revenue, USD Billion; 2016-2026)
• Services
• Platform
• Solution
Some of the key players operating in the Internet of Things (IoT) market include:
Google Inc., Hewlett Packard Enterprise, Amazon Web Services, Bosch Software Innovation GMBH, General Electronics, Intel Corporation, SAP SE, Cisco Systems Inc., Microsoft Corporation, and Oracle Corporation among others.
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Beneficial Aspects of the Report:
• Global and region forecast of the Internet of Things (IoT) market from 2020-2027
• In-depth analysis of market dynamics, industry outlook, market size based on types and applications
• Details of value chain analysis, supply and demand ratio, production and consumption patterns
• SWOT Analysis, Porter’s Five Forces Analysis, Feasibility Analysis, and Investment Return Analysis to provide a better understanding of the market and competitive players
• Detailed insights on competitive landscape and emerging market trends
Research Methodology:
The market report is formulated on the basis of data obtained through extensive primary and secondary research. The data is further validated and verified by industry experts, research analysts, and professionals.The report considers regional demand and supply ratio, investments, market dynamics, capacity, end-use industry trends, and consumer behavior to generate a forecast report. The data is collected from verified sources such as government policies, regulatory published materials, journals, trade magazines, and verified data sources. The report uses advanced analytical tools such as SWOT Analysis, Porter’s Five Forces Analysis, Feasibility Analysis, and Investment Return Analysis to provide an accurate insight into the market scenario and competitive landscape. This report provides beneficial information to companies and new players to make lucrative business decisions. The market estimates and forecast data have been thoroughly verified through exhaustive primary research.
To read more about the report – https://www.reportsanddata.com/report-detail/internet-of-things-iot-market
Thank you for reading our report. Reports and Data provides customization of the report as per the needs of the clients. For further inquiry on customization, please connect with us and our team will ensure the report is tailored to fit your requirements.
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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
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