openPR Logo
Press release

Internet of Things Market: Fourth wave of Technology is on the Rise to Double the Billion

11-17-2016 02:48 PM CET | IT, New Media & Software

Press release from: TMR

Internet of Things Market: Fourth wave of Technology is on

The current competitive scenario in the global Internet of things market is quite fragmented. Google, Inc., Cisco Systems, Inc., and Apple, Inc., the top three vendors in the market as of 2014, had a collective share of 48.69% in the market value. A new publication by leading market intelligence agency, Transparency Market Research (TMR), states two key priorities for all prominent players in the Internet of things market. The first is consolidation through mergers and acquisitions that allow a company to not only improve their product portfolio, but also their coverage area for products and services. The second priority for most Internet of things players is a consolidated yet adapted strategy for all emerging economies around the world.

Countries in Latin America and Asia Pacific hold high importance for leading players looking to expand their regional hold and improve demand. The healthcare industry is perhaps the most promising one currently, owing to the sheer volume of demand for the use of connected devices within a hospital or medical facility.

Brochure Download for Technological Insights at

IoT Potential for Improvement of Operation Efficiency Boosts Demand in Industrial Sector

“Internet of things can add the scope of utilizing technologies such as actuators and sensors within an industrial operation,” states a TMR analyst. “These can help monitor any and all aspects of an operation, and more importantly do it without the need for human intervention. This not only makes surveillance transparent and concrete, but also takes systems monitoring to a whole new level.”

The Internet of things can allow sensing technologies to connect with programmable intelligent machines that can therefore perform required functions a much faster rate and with higher accuracy.

Technology Over-reliance Might Deter Users

On the other side of the coin, the Internet of things is an extremely technology-dependent system. While the minimization of human intervention will help reduce operations time, it can increase the risk of incurring faults. No system, whether run by humans or computers, can be completely glitch-free. But the lack of human perception could make it increasingly difficult to pinpoint the fault.

North America IoT Demand on the Rise

Players in the global Internet of things market can definitely look forward to an expectedly optimistic CAGR of 21.4% in overall market revenue, within a forecast period from 2015 to 2021. The market is expected to be valued at US$924.86 bn by the end of 2021.

Wi-Fi IoT technology has looked the most promising one so far. It is expected to continue leading the market till 2021, in which year it will reach close to US$301 bn. The applications for Internet of things have been the most diverse in the industrial sector. This particular application segment is expected to rake in over US$216 bn in revenue before the end of 2021.

North America, thanks to the high rate of IoT developments in the U.S., will continue being the leading region for most Internet of things players. This region is expected generate over US$346 bn by the end of 2021.

The information presented in this review is based on a Transparency Market Research report, titled, “Internet of Things Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.”

Key Takeaways:

The U.S. revenue in the Internet of things market is expected to reach US$217.62 bn by 2021.
High demand for Internet of things in industrial sector expected to generate US$216.38 bn in revenue by 2021.
Wi-Fi-based IoT technology expected to generate US$301.11 bn in revenue by 2021.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Internet of Things Market: Fourth wave of Technology is on the Rise to Double the Billion here

News-ID: 384094 • Views: 880

More Releases from TMR

Glass Syringe Market Research On Demand and Production, Future Trends and Opport …
Transparency Market Research delivers key insights for the glass syringe market in its published report, which include global industry analysis, size, share, growth, trends, and forecast for 2020-2028. In terms of growth, the global glass syringe market is projected to witness rapid growth rate by the end of 2028, owing to the increasing scope of glass syringes in end-use industries such as personal care, food & beverages, healthcare, etc. About
Reclosable Films Market Trends , Key Players, Applications, Scope, Industry Size …
Transparency Market Research delivers key insights for the reclosable films market in its published report, which include global industry analysis, size, share, growth, trends, and forecast for 2020-2026. In terms of revenue, the global market is projected to grow at an astonishing CAGR of 7.9% during the forecast period, owing to several factors, about which TMR offers detailed insights and forecasts in the reclosable films market report. Want to know the
Die-cut Lids Market with Trends, Growth Prospects, Outlook and Product Developme …
The global die-cut lids market features a moderately consolidated at present, but could witness entry of several new participants rendering the market to be competitive, says a new report by Transparency Market Research (TMR). In the highly competitive market, players are strategizing on organic and inorganic growth to strengthen their footprint in emerging markets. Players are focused to leverage their core business strengths to bring new products to the market
PCR Plastic Packaging Market Research On Demand and Production, Future Trends an …
In a recent study, Transparency Market Research (TMR) offers insights into prevailing trends and growth prospects of the global PCR plastic packaging market. The report is intended to offer a holistic overview of the market, uncovering hidden prospects. It studies the market for a period between 2020 and 2028. TMR projects the PCR plastic packaging market to expand by 1.7 times its current market value by the end of 2028. The

All 5 Releases

More Releases for Internet

The Internet of Things
Everything is smart these days; smart phones, smart cars and smart appliances, and these devices are becoming commonplace. Just look around your own home! They’re examples of smart technologies and come under the term ‘the Internet of Things’. This refers to the network of items that are interconnected and exchange data which is useful in all parts of life. The IoT also offers a lot of benefits to businesses, helping
Pirates on the internet
Adelaide, South Australia - 24th April 2012 - Internet piracy causes author Ally Hauptmann-Gurski to tear out her hair. The German-Australian novelist published her historical novel about Russian Gypsy singer Nadezhda Plevitskaya on but promply found unauthorised offerings in digital formats on a site in Dubai. The illegal offer even had a nice blurb, saying the New York Times highly praised the novel 'La Plevitskaya'. 'The text read well
ipoque Launches Internet Observatory
Comprehensive live Internet statistics show worldwide traffic patterns in real-time Leipzig, 28 September 2011 – ipoque, the leading European provider of Internet traffic management solutions, today announced the launch of its Internet Observatory – the Internet’s new spot for real-time Internet traffic statistics from all over the world. Internet Observatory is the successor of ipoque’s Internet Studies, which have been a reliable source for traffic information ever since they were
WSI Internet Franchise
-WSI Salutes All Veterans and Believes in Investing in America- Toronto, Ontario, March 4, 2011… Since beginning The Investing in America campaign in August 2010, WSI continues to be presenting US-based military veterans the opportunity to choose a WSI marketing business for a substantially discounted charge with the mandate that they “pay it forward” by giving back to their hometown communities through numerous charitable performances. As a result of this
Internet Search Engine Optimizer
Top 10 Search Engine Optimizer is a proven tool that helps you to get top 10 rankings in Google, Yahoo and all other major search engines. How to optimize your website for Google: How to achieve that ranking and how you must change your web pages to obtain a similar ranking. Why you need to analyzes the top 10 ranked web pages for your keyword on the search engine of your
Internet Marketing Tool Success
Affiliate Guru, Russell Brunson, has developed a new marketing tool to help build his Affiliate Empire. In the world of Internet Affiliates, Russell Brunson is a name that stands out in the crowd. Russell just graduated from college this past spring, but he was already making a very good income from internet affiliate programs before graduation. Russell has also been very successful with his internet marketing.