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Report Explores Global Internet of Things Industry Market Research and Foretasted to 2017 - 2025

04-04-2017 09:51 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: ProgressiveMarkets

Internet of Things

Internet of Things

The Internet of Things (IoT) refers to a scenarios where physical objects are internetworked through the use of electronic devices, network connectivity, software, sensors, and actuators, allowing these objects to generate, exchange, and consume data with minimal human intervention. IoT is having technical, social, and economic significance. It interconnects embedded systems with evolving technologies such as wireless connectivity and smart sensors. It has gained popularity and is considered as the third wave of technology. However, it is still maturing due to some of the most pressing challenges such as security, privacy, interoperability & standards, and emerging economies & development. The global internet of things market is expected to grow at a CAGR of 32.7% from 2017 to 2025.

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Based on component, the global internet of things (IoT) market is segmented as sensors, networks, hardware, protocols, software, and others. Based on applications, the market is segmented as environment monitoring, infrastructure management, industrial application, energy management, medical & healthcare system, building & home automation, and transport system. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.

Market Dynamics:

Drivers:

Constantly evolving graphic games.
Escalating demand for Artificial intelligence (AI), augmented reality (AR), and virtual reality (VR).

Restraints:

Technology in commercialization stage.

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Market Players:

The top players in the global internet of things (IoT) market include Google Inc., Microsoft Corporation, Cisco Systems, Inc., Amazon.com, Inc., International Business Machines Corporation, Intel Corporation, Siemens AG, AT&T Inc., General Electric Company, and Honeywell International Inc.

KEY TAKEAWAYS

MARKET LANDSCAPE

By Component

Sensors
Networks
Hardware
Protocols
Software
Others

By Application

Environment Monitoring
Infrastructure Management
Industrial Application
Energy Management
Medical & Healthcare System
Building & Home Automation
Transport System

By Industry Vertical

Electronics
IT & Telecommunication
Industrial
Automotive
Aerospace & Defense
Healthcare
Others

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By Geography

North America
U.S.
Canada
Mexico
Europe
France
Germany
Spain
UK
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Taiwan
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA

About Us
Progressive Markets is the answer to every possible business query. It is a market research and business consulting firm, headquartered in U.S. that aims to deliver conversant executive support to foster overall growth of an organization in its domain.

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help@progressivemarkets.com
https://www.progressivemarkets.com

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