Global Internet of Things (Iot) Market Growing at A CAGR of 21.6% During the Forecast Period

-

The global IoT market was valued at USD 185.2 billion in 2018 and is expected to reach USD 905.5 billion in 2026, growing at a CAGR of 21.6% during the forecast period.

Internet of Things (IoT), also known by its abbreviation IoT, is an interconnected computing device system which is coupled with mechanical and digital machines having unique identifiers (UIDs). Such systems possess the ability to utilize networks and transfer data without human interference. Global IoT market growth is characterized by the growing use of cloud computing solutions in diverse industry verticals.

The industry is highly competitive and still in the developing stage. Furthermore, the rising trend of smartphone device applications and its integration to perform multiple functions is anticipated to fuel the global market in the forecast period. Key industry players are investing strategically to develop and introduce new technologies.

Get Sample Copy of this report at: https://www.ozonemarketreports.com/sample-request/global-internet-of-things-market-industry-outlook-2016-2026/154332

However, growing threats for data privacy and demand for bandwidth are some of the factors which pose a significant hindrance to the market growth. On the other hand, growing adoption of the internet of things in small and medium scaled industries is anticipated to offer multiple growth opportunities in the near future. The security solution segment expected to grow at the fastest rate of 25% CAGR during the forecast period Based on the software solution, the global IoT market has been segmented into real-time streaming analytics, security solution, data management, remote monitoring, and network bandwidth management. Growing emphasis on offering identity security which is coupled with rising demand for data management is resulting into rapid growth of internet of things market.
Based on the service, the professional service segment is expected to hold 78% in the market Based on the service, the market has been segmented into professional service and managed service. Moreover, the professional service segment is expected to hold 78% in the market in 2018. Rapidly growing adoption of internet of things in SMEs as well as large scale industries is fuelling the demand for professional service market globally.

Browse Full Report at: https://www.ozonemarketreports.com/ict-media/global-internet-of-things-market--industry-outlook-2016-2026/154332

Based on the platform, the device management segment is expected to lead during the forecast period Based on the platform, the market has been segmented into device management, application management, network management, and cloud platform. The device management segment accounted for the major share in the global IoT market owing to increasing IoT infrastructure development with high adoptability of cloud computing solutions. While, the cloud platform segment is expected to register a highest CAGR of 23% in the global market throughout the forecast period.

Based on the application, the banking and financial services segment is expected to lead during the forecast period Based on the application, the market has been segmented into building and automation, smart energy and utilities, smart manufacturing, connected logistics, smart retail, connected healthcare, banking and financial services and others. The growth of IoT applications in banking and financial services sector is attributed to increasing efforts to impart efficiency into this sector while addressing bulk of consumer requirements. North America to dominate the IoT market throughout the forecast period North American region dominated the global IoT market in 2018 by accounting more than 40% of market share.

Avail a UPTO 40% Discount on Purchase at: https://www.ozonemarketreports.com/discount-request/global-internet-of-things-market-industry-outlook-2016-2026/154332

On the other hand, Asia Pacific region is anticipated to showcase tremendous growth rate in forecast period owing to rapid demand from applications segments and increasing investments. Company Profiles and Competitive Intelligence: The major players operating in the global IoT market are Affectiva (US), Beyond Verbal (Israel), iMotions (Denmark), Kairos (US), Noldus Information Technology (Netherlands), Cogito (US), Tobii (Sweden), Sentiance (Belgium), NVISO (Switzerland), Lexalytics (US), Sensum (UK), IBM Corpoaration (US), Microsoft Corporation (US), Google, Inc. (US), Gorilla Technology (Taiwan), and Adoreboard (Antrim) among others.

Contact Us:
Name: Steven Samuel
Email - info@ozonemarketreports.com
Phone - +91 9370882135
Website: https://www.ozonemarketreports.com/

Comments

Post a Comment

Popular posts from this blog

Flight Instruments : Global Size, Share, Trends, Overview, Forecast by 2023

-
Flight Instruments -Global Market Status & Trend Report 2013-2023 Top 20 Countries Data offers a comprehensive analysis on Flight Instruments industry, standing on the readers’ perspective, delivering detailed market data in Global major 20 countries and penetrating insights. No matter the client is industry insider, potential entrant or investor, the report will provides useful data and information. Key questions answered by this report include: Worldwide and Top 20 Countries Market Size of Flight Instruments 2013-2017, and development forecast 2018-2023 Main manufacturers/suppliers of Flight Instruments worldwide and market share by regions, with company and product introduction, position in the Flight Instruments market Market status and development trend of Flight Instruments by types and applications Cost and profit status of Flight Instruments, and marketing status Market growth drivers and challenges To Request Sample Visit @ https://www.ozonemarketreports.com/sample-requ
Read more

Global Low Friction Coatings Market provides an in-depth insight of Sales and Trends Forecast to 2024

-
Image
Ozone Market Reports projects that the Low Friction Coatings market size will grow from USD XX Million in 2018 to USD XX Million by 2024, at an estimated CAGR of XX%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023. To Get Sample Report @ https://www.ozonemarketreports.com/sample-request/low-friction-coatings-market/30386 By Market Players: Chemours Company, DOW Corning, Endura Coatings, Vitracoat, Inc., Poeton Industries, Whitford Corporation, Bechem, ASV Multichemie Pvt., Ltd., GMM Coatings Pvt., Ltd., IKV Tribology, Ltd., Whitmore Manufacturing Company, Harves Co., Ltd. By Type PTFE-Based Low Friction Coatings, MOS2 Based Low Friction Coatings, Others By Application Aerospace Industry, General Engineering, Food & Healthcare, Energy, Other End-Use Industries The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential tren
Read more

Global Lightning As A Service Market Growing At A CAGR Of Approximately 37.2% by 2026

-
Over the last few years, facility management has faced a major disruption with the increasing demand for energy-efficient lighting. In developed countries, there is a gradual decrease in the use of conventional lighting. For example, the US has eclipsed conventional lighting since the Energy Independence and Security Act (EISA) was passed in 2007. The LED lighting market has become vital to meet the EISA energy standard. Lighting as a Service (LaaS) is an emerging technology service trend, where a business or customer pays a monthly rent to the lighting service providers. The global Lightning as a Service market was valued at US$ 173.7 million in the year 2018 and is expected to reach US$ 844.6 million by the year 2023, growing at a CAGR of approximately 37.2%. The LaaS market is driven by factors such as less than minimum capital cost model & financial benefits, coupled with government policies related to the adoption of energy-efficient lightings. However, the quality issu
Read more