openPR Logo
Press release

Internet of Things Market: Cloud Computing Services to Open up New Avenues for Growth

12-06-2017 03:16 PM CET | IT, New Media & Software

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Internet of Things Market: Cloud Computing Services to Open up

The global internet of things market is thrived by players of all sizes, with a large chunk of them traditionally based in the area of consumer electronics or internet and communication technologies (ICT), notes Transparency Market Research (TMR). Some of the leading companies in the global internet of things market are Cisco Systems, Inc., Intel Corp, Amazon.com, Inc., Microsoft Corp., Apple, Inc., and Google, Inc. Top players in this market focused on acquiring propriety platforms and technologies are at the forefront in developing innovative products, in order to consolidate theirs shares in various regions, observes TMR. Several players are focused on developing secure technology solutions to gain a competitive edge over others in the IoT value chain.

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

The estimated valuation of the global internet of things market was US$334.22 bn at the end of 2016. Projected to rise at a substantial CAGR of 20.55% from 2016 to 2024, the revenue of the market is anticipated to reach US$1,490.31 bn by the end of the forecast period.

The major technologies used in the IoT market are Wi-Fi, Zigbee, RFID, near field communication, and Bluetooth low energy. Of these, the ZigBee segment held the major revenue share of the market in 2015 and is expected to lead the market throughout the forecast period. Regionally, North America dominated the market for internet of things in 2015.

Obtain Report Details @ https://www.transparencymarketresearch.com/internet-of-things-market.html

Rising Prominence of Cloud Computing Services Bolster Demand for IoT

The IoT market is underpinned by rapid advances in the area of cloud computing. The soaring demand for cloud-based services among various enterprises has led to the rapid evolution of IoT technologies and platforms as the backbone. There is increased adoption of IoT for resolving the energy constraints in cloud-based servers. The burgeoning demand for more processing power and storage options has bolstered the uptake of internet of things platforms.

The rapid pace of digitization across various regions and the rising demand for data-driven services in a variety of areas are the key factors boosting the internet of things market. The rising number of use cases in several end-use industries to improve productivity and bring process improvements are the key trends expected to bolster the demand for internet of things. The growing demand for cloud computing solutions and recent advances in communication technologies are the key factors expected to catalyze the market over the forecast period.

Safety and Privacy of Data Glaring Concerns in Internet of Things

The mounting concern of data safety and privacy in IoT connected devices is a crucial factor likely to hinder the market to an extent. The privacy of sensitive personal data is a key concern expected to cripple the growth of the market to an extent, if not addressed on a proactive basis. The limited processing power and the lack of security measures, such as encryption, is another crucial factor likely to hamper the demand for internet of things. To this end, there is an emerging need for real-time assessment of failures and data integrity to make IoT useful in several applications areas, such as in automotive and healthcare. Nevertheless, the rising number of use cases in healthcare, hospitality, and retail is expected to open up lucrative avenues for vendors. The integration of wireless technologies in smart locks and next-generation systems has made them more secure and up the convenience. This is expected to boost their demand among property owners, thereby catalyzing the growth of the IoT market.

The rising adoption of IoT in less technology-centric companies is also to augur well for the internet of things market. For instance, the adoption of IoT to improve food delivery is anticipated to open up exciting opportunities for market players.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://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: Cloud Computing Services to Open up New Avenues for Growth here

News-ID: 848456 • Views: 240

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