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. 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.
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Top Key Players
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.
Key industry players are investing strategically to develop and introduce new technologies. 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 soon.
Internet of Things Market Size by Software Solutions, Service, Platform, Application and Region.
By Software Solution: Real-time Streaming Analytics, Security Solution, Data Management, Remote Monitoring, Network Bandwidth Management.
By Service: Professional Service, Managed Service
By Platform: Device Management, Application Management, Network Management, Cloud Platform
By Application: Building and Automation, Smart Energy and Utilities, Smart Manufacturing, Connected Logistics, Smart Retail, Connected Healthcare, Banking and Financial Services, Others.
North American region dominated the global IoT market in 2018 by accounting more than 40% of market share. 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.
TABLE OF CONTENTS
Chapter 1 Executive Summary
Chapter 2 Market Dynamics
Chapter 3 Global IoT Market, by Software Solution
Chapter 4 Global IoT Market, by Service
Chapter 5 Global IoT Market, by Platform
Chapter 6 Global IoT Market, by Application
Chapter 7 Global IoT Market, by Region
Chapter 8 Competitive Intelligence
Chapter 9 Company Profiles
Chapter 10 Preface
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