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Internet of Things (IoT) Market Size | COVID-19 Impact Analysis | Forecast to 2027

02-02-2021 10:36 AM CET | IT, New Media & Software

Press release from: Orion Market Reports

The global impact of COVID-19 on the Internet of Things (IoT) market size is expected to increase from $150 billion in 2019 to $244 billion in 2021 with an average annual growth rate (CAGR) of 13% over the forecast period. Key factors driving the market growth include increased interest in remote monitoring of working from home, increased adoption of smart payment technologies to minimize human contact related to cash payments, and increased demand for wearable devices.

A full report of COVID-19 Impact on the Internet of Things (IoT) Market is available at: https://www.orionmarketreports.com/variable-refrigerant-flow-systems-market/45666/

Key Market Players

Key market players profiled in this report include IBM (US), Royal Phillips (Netherlands), Stanley Healthcare (US), Microsfot (US), Oracle (US), Bosch (Germany), CloudMinds (US), XAG (China), CBT (US), PTC (US), Rockwell Automation (US), Honeywell (US), GE Digital (US), Intel (US), Siemens (Germany), Ericsson (Sweden), Hitachi Vantara (US), ABB (Switzerkland), NEC Corporation (Japan), Telit (UK), Sierra Wireless (Canada), Itron (US), Arad Group (Israel), Cisco (US), Medtronic (Ireland), SAP (Germany), Software AG (Germany) AWS (US), Softweb Solutions (US), Google (US), hIOTron (India), Sony(Japan), Capgemini (France), Adobe (US), NTT Communications (Japan), Happiest Minds (India), Vodafone (UK), TCS (India), DXC (US), Infosys (India), Verizon (US), Service Group (US), Cognizant (US), and Accenture (Ireland). These players have adopted various growth strategies, such as partnerships and new service launches, to expand their presence further in the impact of COVID-19 on the Internet Of Things market and broaden their customer base.

COVID-19 Impact on the Internet of Things (IoT) Market Segmentation

By Component

• Platform
• Solutions
• Services

By Vertical

• Banking financial services and insurance
• Healthcare,
• Retail, Transportation
• Utilities
• Government and defense
• Others

Reasons to Buying From us –

• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
• Our expert research analysts answer all your questions before and after purchasing your report.

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by COVID-19 Impact on the Internet of Things (IoT) Market Report

• What was the COVID-19 Impact on the Internet of Things (IoT) Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of COVID-19 Impact on the Internet of Things (IoT) Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the COVID-19 Impact on the Internet of Things (IoT) Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Media Contact:

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About Us:

Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

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