Connected IoT Devices Market 2019 Global Size, Share, Industry Growth, Emerging Trends, Development Status, Competitive Landscape and Opportunity Assessment by 2023
Feb 5, 2019
Market Research Future published a research report on “Connected IoT Devices Market Research Report - Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India - February 5, 2019 /MarketersMedia/ —
Market Highlights
The global connected IoT devices market is projected to witness a rapid growth during the forecast period owing to increasing emergence of cloud-based technologies and increasing benefits of the internet of things. Moreover, increasing demand for connected IoT devices across various industry verticals such as BFSI, healthcare, manufacturing, retail and IT & telecommunications is fueling the growth of the global market. Growing awareness regarding energy efficiency is another major factor driving the growth of the connected IoT devices market.
The global connected IoT devices market by geography is segmented into North America, Europe, Asia Pacific, and Rest of the World. The North American market is expected to witness a significant growth and hold the largest share of the global market during the forecast period. The U.S and Canada are anticipated to drive the growth of the North American connected IoT devices market owing to the presence of a large number of established key players such as Apple, Cisco, IBM Corporation, and Oracle Corporation in this region. Due to the sustainable and well-established economies in the region, the market is likely to show immense growth in the coming future. Additionally, North America also has a well-established infrastructure, which allows a higher penetration of devices and ultimately provides better connectivity. Increasing need for innovations and advancements in the technology are other major factors driving the growth of the global connected IoT devices market.
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In the global connected IoT devices market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the growing adoption of smart cities and increasing government initiatives towards connected internet of things devices across different countries in the region.
The global Connected Iot Devices Market is projected to reach USD 30 billion at a CAGR of over 19% by the end of the forecast period 2017-2023.
Segmentation
The global connected IoT devices market has been segmented based on component, deployment, and application.
By component, the global connected IoT devices market has been segmented into solution and services.
The solution segment has been further segmented into data management, remote monitoring, and real-time streaming analytics, security solutions, and network bandwidth management. The security solutions segment is expected to be the largest segment over the forecast period. The growth of this segment can be attributed to increasing concerns relating to security.
The service segment has been further segmented into professional services and managed services. The professional service sub-segment has been segmented into consulting services, integration services, and support and maintenance.
By deployment, the global connected IoT devices market has been segmented into private cloud, public cloud, and hybrid cloud.
By application, the global connected IoT connected devices market has been segmented into smart homes, smart utilities, smart manufacturing, smart retail, connected health, connected logistics, and others.
Key Players:
Some of the prominent players in the global connected IoT devices market are Advantech Co., Ltd. (Taiwan), Aeris Communication, Inc. (U.S.), Amplia Soluciones (Spain), Cumulocity GmbH (Germany), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), PTC Incorporation (U.S.), Smith Micro Software, Inc. (U.S.), Telit Communications PLC (Italy), Wind River Systems (U.S.), Xively (U.S.), Samsung Electronics Co. Ltd. (South Korea), Motorola Inc. (U.S.), Nokia Solutions Network (Finland), LG Corporation (South Korea), Hewlett-Packard (U.S.), HTC Corporation (Taiwan), Apple Inc. (U.S.), Dell Inc. (U.S.) and others.
Regional Analysis
North America, Asia Pacific, Europe, and Rest of the World are the key markets for connected IoT device. North America dominates the connected IoT devices market, led by the US and Canada. The proliferation of intelligent connected devices coupled with rising technological advancements fosters the growth of North America connected IoT devices market. The region has a tendency to swiftly adopt new and advanced technologies which are plus for the North America market. Also, the presence of major players in the region and presence of well-established infrastructure facilitates faster implementation of advanced technologies which creates a supportive environment for the growth of the market.
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Intended Audience
• Technology Investors
• Research/Consultancy firms
• Technology Solution Providers
• Government Bodies
• IoT devise management solution vendors
• System integrators
• Regulatory agencies
• Investors and venture capitalists
About Us:
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 479006
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