Press release
IoT Market In Nordic To Hit at a CAGR of 15.11% during 2016-2020
About the IoT Market in Nordic RegionIoT is a network of tangible objects that are interconnected and can communicate among themselves as well as with the internal and external environments. It connects hardware devices, embedded software, communication services, and IT services. It creates smart communication environments such as smart homes, smart shopping, smart transportation, and smart healthcare. It is an emerging ecosystem of Internet protocol (IP)-connected devices with the potential to deliver business benefits valued at trillions of dollars in the future across varied industries.
Technavios analysts forecast the IoT market in Nordic region to grow at a CAGR of 15.11% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the IoT market in Nordic region for 2016-2020. To calculate the market size, the report considers the following:
Revenue generated from the connectivity services offered for IoT connected devices, which are used in various industries, including consumer electronics, retail, healthcare, automotive, and utilities
Revenue realized from IoT platforms, applications, licenses, and support and maintenance services
Consolidated revenue of mobile network operators (MNOs), mobile virtual network operators (MVNOs), and mobile virtual network enablers (MVNEs) in terms of IoT services and solutions
Revenue generated by IoT managed service providers and Internet service providers (ISPs)
The market is divided into the following segments based on geography:
Sweden
Norway
Denmark
Finland
Technavio's report, IoT Market in Nordic Region 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Ericsson
Tele2
Telenor Group
TeliaSonera
Tieto
Other prominent vendors
Accenture
Cisco Systems
Gemalto
Huawei
IBM
Intel
Nordic Semiconductors
Novatel Wireless
Orange Business Services
Qualcomm
SAP
Sierra Wireless
Wipro
Wireless Matrix (CalAmp)
Market driver
Reduced prices of connected devices
For a full, detailed list, view our report
Market challenge
Lack of standardization
For a full, detailed list, view our report
Market trend
Rise in adoption of IoT in supply chain management
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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