openPR Logo
Press release

Internet of Things Market - Industry Analysis, Growth, Size, Manufacturers, and Forecast to 2024

10-30-2017 06:56 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
The exponentially growing scope in the field of cloud computing has augured well for the global internet of things (IoT) market, enabling it surge at an impressing 20.55% CAGR between 2016 and 2024. As internet of things has helped cloud computing platforms efficiently tackle storage and energy related issues. Besides this, with urbanization and globalization picking pace worldwide, promising growth seems on card for the global internet of things market. This is because in the near future the demand for accessing increased volume of online data will rise, subsequently fuelling prospects for the IoT market. In addition, the rising demand for automation has bode well for the overall market.

On the downside, escalating security concerns regarding online data are posing threat to the market. Furthermore, if the market continues to reel under lack of real-time data analytics and high cost implementation, its pace of growth may get compromised with in the coming years. Nonetheless considering the various advancements underway, the global internet of things market is likely to exhibit strong growth in the near future. The market’s valuation is expected to reach US$1490.31 bn by 2024, from US$280.70 bn in 2015.

Get an exclusive sample of this report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7214

Asia Pacific to Showcase Lucrative Growth Prospects for IoT Market

North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa are the key regions within the global internet of things market. Among these, North America held dominance in terms of revenue in 2015. North America and Europe’s cumulative share in the global market accounted for 60% in the year. Besides this, emerging nations in Asia Pacific exhibit lucrative prospects for the market. For instance, rising inclination toward smart devices, portable electronic gadgets, and connected consumer electronics has fuelled the demand for IoT technology in nations such as India and China.

Assuming, Asia Pacific will continue showcasing increasingly attractive opportunities, there is high likelihood for the region to emerge at the global IoT market’s fore by the end of the forecast period. Taiwan is also expected to offer increased sales opportunities to the market players. However, China will remain the hub of manufacturing electronic components in the east, thus retaining its lead in the Asia Pacific IoT market.

Browse Press Release of this Research Report @ https://www.transparencymarketresearch.com/internet-of-things-market.html

ZigBee to Remain at Fore as Leading Segment by Technology

In terms of technology, the global internet of things market can be segmented into near field communication, ZigBee, Bluetooth, RFID, and Wi-Fi. Of these, the ZigBee held command as the leading segment in the market. It contributed nearly 33.21% to the overall revenue generated by various technology segments in the market in 2015. Also ZigBee is forecast to remain at the market’s fore through the forecast period.

Based on application, the global internet of things market can be segmented into manufacturing, media, medical and healthcare, consumer application, and energy management. Of these, the medical and healthcare segment held dominance in 2015 and is expected to remain the lead through the forecast period.

The global internet of things market has a fragmented vendor landscape, which has rendered it highly competitive. The leading players in the market are competing based on price, quality, support, performance, product innovation, and services. Some of the prominent companies operating in the global internet of things market are Microsoft Corp., Amazon, Intel Corp., Apple Inc., Cisco Systems, Inc., Google, Inc., General Electric, AT&T, and Honeywell International Inc.

About TMR

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.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.co
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
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 - Industry Analysis, Growth, Size, Manufacturers, and Forecast to 2024 here

News-ID: 791687 • Views: 162

More Releases from Transparency Market Research

Impact of Outbreak of COVID-19 on Medical Education Market : Global Industry Ana …
Transparency Market Research (TMR) has published a new report on the medical education market for the period of 2019–2027. According to the report, the global medical education market was valued at nearly US$ 31 Bn in 2018, and is projected to expand at a CAGR of more than 4% from 2019 to 2027. Rise in the number of medical schools and increase in cost of medical education are the
Healthcare BI Platform Market Companies Analysis, Advancement and Precise Outloo …
In an intensely competitive healthcare business intelligence (BI) platform market, large players are aggressively focused on expanding their geographical outreach, says Transparency Market Research (TMR) in a new market intelligence report. These large players are leveraging the cloud business model to provide healthcare BI solutions that can be accessed irrespective of location. Apart from this, savvy players are entering into partnerships with hospital groups and healthcare bodies to integrate healthcare BI
Substance Abuse Treatment Market News Research Report 2024
A recent report by Transparency Market Research on the substance abuse treatment market in the U.S. states that the competitive landscape is highly fragmented. This is because around 242 companies compete against one another in it. This also makes overall competition stiff. Some of the companies that have beat competition to emerge as leading players in the market are Pfizer Inc., Alkermes Plc, GlaxoSmithKline Plc., and Purdue Pharma LP. Their
Clinical Oncology Next Generation Sequencing Market is Thriving Worldwide By Siz …
Clinical Oncology Next Generation Sequencing: Introduction Next generation sequencing for tumor and germline DNA is required for oncology screening for therapeutic application. Rise in burden of cancer increases the need for early detection of the condition to carry out the generate target therapy. Companies are investing to develop technologically advanced devices/solutions for precision detection. In 2012, Oxford Nanopore had launched the GridION sequencing platform, which can sequence a human genome in 15

All 5 Releases


More Releases for IoT

Global IoT Gateway Market
Global IoT Gateway Market – Industry Analysis and Forecast (2018-2026) – by Node, Connectivity Technology, Component, Application, and Region. Global IoT Gateway Market was valued US$ 11.5 Bn in 2017 and is expected to reach US$ 85 Bn by 2026, at a CAGR of 28.41 % during the forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated
Global IoT Software Market
Global IoT Software Market is segmented into type, application, and geography. On the basis of type, a market is segmented into Real-time Streaming, Analytics Software, Security Solution Software, Data Management Software, Remote Monitoring System Software, and Network Bandwidth Management Software Global IoT Software Market was valued US$ 1.5 Bn in 2017 and expected to reach US$ 7.9 Bn in 2016, at CAGR 23.8% during forecast period. Browse Complete Premium Research
Global IOT Sensors Market
Global IOT Sensors Market – Industry Analysis and Forecast (2016-2024) Global IOT Sensors Market was valued at more than US$ 4 Bn in 2016 and is expected to cross US$ 45 Bn by 2024, at CAGR of more than 40%. The increase in IoT sensors market growth is driven by the certain key factors such as development of cheaper, smarter, and advanced sensors, rising market demand for smart devices and
IoT Data Management Market
The demand for IoT data management has increased due to widespread adoption of end-to-end data management platforms to capitalize IoT data more efficiently. Moreover, modernization of data warehouse architecture, rising need for data security and data traffic management, and rising implementation of IoT device security for data encryption are some of the other factors driving demand in this market. The global IoT data management market can be categorized based on type
Telecom IoT
Publisher’s market research analysts predict the global telecom IoT market to grow steadily during the forecast period and post an impressive CAGR of more than 42% by 2020. This industry research report identifies the growing adoption of intelligent transportation systems (ITS) to be one of the major factors that will have a positive impact on the growth of this market in the coming years. In addition to enabling operators to
IoT Processor Market
In this connected world, internet of things (IoT) is fueling every aspect of human lives. The data that is generated every day from these connected devices is humongous. Proper functioning of these connected devices requires real time exchange of data and information amongst them so that they can solve human problems. In another word IoT means more data, more sensors, agile responses, end-to-end connectivity and smarter user interfaces. All these