Report: internet of things market on growth track to 2025
Category: #tech  By Ashwin Naphade  Date: 2019-08-13
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Report: internet of things market on growth track to 2025

The Internet of Things Market study focuses major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure.

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Rising demand of the apps and solutions will propel the growth for internet of things market in forecast time frame. Industry focus on innovative technologies providing real time data to improve performance and optimize operations are anticipated to increase substantially which will add to internet of things market size. Increasing demand for sensor based information and analytically rich data sets are most key factor responsible for driving product growth in forecast period.

U.S. is projected to provide various growth opportunities for the product owing to surge in advanced robotics and cloud technology over forecast period. The region will lead to surge in IOT technologies due to advancement in machine to machine communication. At the same time, surge in demand for security and surveillance applications in government inventory will propel the product demand in forecast period. Strong presence of large number of service providers in the region will boost the internet of things market size.

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Europe will continue to witness substantial growth owing to several government initiatives to promote IOT technologies in the region. European commission launched Alliance for Internet of Things Innovation to support the creation of an innovative industry and implementing new business models. Government intends to work closely with all technology providers towards the establishment of a competitive IOT structure. The recently proposed "European data economy" initiative will also add to internet of things market size in forecast period.

Asia Pacific lead by China and Japan is anticipated to witness significant growth for internet of things market in forecast period owing to increasing spending in network infrastructure by organizations to enhance their productivity. Rising manufacturing sector in the region will further support the IOT growth. Manufacturing sector is one of the largest end user of IOT technologies. Increasing demand to track and manage inventories will supplement the rising internet of things market size. Fleet management in transportation sector will propel the demand for IOT technologies. In emerging countries mainly India, government initiative to develop strong IOT infrastructure will propel the internet of things industry size.

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Some of the Internet of Things Market key players are Alcatel-Lucent, Cisco, AT&T, Qualcomm. Other prominent players are Amazon Web Services (AWS), Apple, ARM Holdings, Digi International, Atmel, Atos, Bosch Software Innovations, Broadcom, CTS, Dell, Echelon, Ericsson, Accenture, Freescale Google, Semiconductor, GE, Hitachi, HP, IBM, Huawei Technologies and Infosys. Established IOT players are competing to gain a major share and increase their customer base. Organizations worldwide are investing heavily to develop innovative IOT technologies to gain competitive advantage.

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About Author

Ashwin Naphade    

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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