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IoT Solutions And Services Market 2023 - Market Growth, Size, Industry Share, Top Players And Forecast To 2032

06-19-2023 07:43 AM CET | IT, New Media & Software

Press release from: The Business research company

IoT Solutions and Services Market Analysis

IoT Solutions and Services Market Analysis

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

IoT Solutions And Services Market Size, Growth Rate, And Forecast
The global IoT solutions and services market size is expected to grow from $227.90 billion in 2022 to $265.48 billion in 2023 at a compound annual growth rate (CAGR) of 16.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global IoT solutions and services market size is expected to reach $483.57 billion in 2027 at a CAGR of 16.2%.

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IoT Solutions And Services Market Drivers
The increase in cloud adoption is expected to propel the growth of the IoT solutions and services market going forward. Cloud adoption refers to the industry's adoption of cloud services, which are infrastructure resources that are hosted by third-party providers and made available to users via the Internet. IoT solutions connect and allow communication between industry and cloud computing. Cloud solutions help in managing and analyzing data generated by IoT and provide reliable authentication and encryption protocols to IoT devices and automation when security concerns emerge, thereby enhancing the overall efficiency and working of IoT systems, as a result, the increase in cloud adoption increases the demand for IoT solutions and services market.

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IoT Solutions And Services Market Segments
1) By Component: Solution, Services

2) By Focus Area: Smart Manufacturing, Smart Transportation/mobility, Smart Energy and Utilities, Smart Retail, Connected Healthcare, Smart Agriculture, Smart Buildings, Other Focus Area

3) By Organization Size: Small and Medium-Sized Enterprises, Large Enterprises

4) By Application: Web Security, Network Security, Database, Cloud Security, Email Security, Other Application

5) By End-User: Wind, Oil And Gas, Solar, Other End-User

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the IoT solutions and services market.

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IoT Solutions And Services Market Key Players
Major competitors in the IoT solutions and services market include Siemens AG, Microsoft Corporation, Amazon Web Services Inc, International Business Machines Corporation (IBM), Intel Corporation, Cisco Systems Inc.

The Business Research Company's "Global IoT Solutions And Services Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The IoT Solutions And Services Market Include:
1. Executive Summary
2. IoT Solutions and Services Market Characteristics
3. IoT Solutions and Services Market Trends And Strategies
4. IoT Solutions and Services Market - Macro Economic Scenario
5. IoT Solutions and Services Market Size And Growth
.........
26. Africa IoT Solutions and Services Market
27. IoT Solutions and Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The IoT Solutions and Services Market
29. IoT Solutions and Services Market Future Outlook and Potential Analysis
30. Appendix

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