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Aug. 10, 2020, 6:23 a.m. EDT

Internet of Things (IoT) Market Study Reveals Growth Factors and Competitive Outlook for Future

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Aug 10, 2020 (AmericaNewsHour) -- Internet of Things Market valued approximately USD 171 billion in 2017 is anticipated to grow with a healthy growth rate of more than 23.4% over the forecast period 2017-2025. The global Internet of Things (IoT) market is driven by growth of Wireless Networking technologies, rising adoption of cloud platform, and increasing demand for connected devices. Moreover, other factors such as increasing internet and smart phone penetration across the world, increasing demand for smart electronics are fueling growth in the market.

Request To Download Sample of This Strategic Report:  https://www.kennethresearch.com/sample-request-10013187

The regional paradigm of global Internet of Things Market is dominated by North America which is currently holding 32% of the total revenue share in 2016. Early adoption of technology in various industry verticals is the primary reason for growth. With these developments, the Internet of Things market in North America has gained a significant share. Furthermore, Asia Pacific region is anticipated to grow with a highest CAGR over the forecast period. Increasing demand for automation by the manufacturing industry and government initiative to develop smart infrastructure are the primary growth drivers in the APAC region.

In the statistics by Eurostat, the total value of the ICT sector including manufacturing and services of ICT in Europe, was estimated to be more than EUR 475 billion in the year 2017. Out of these, the ICT services sector accounted for the largest share. Moreover, the ICT services sector is predicted to be ten times larger than that of ICT manufacturing. On the other hand, the ICT services consist of computer programming, consultancy and related activities, along with telecommunication activities, out of which the former held about 49.1% share while the latter held around 30.3% share in the year 2017. These factors are estimated to impact positively towards the growth of the market in the next few years.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Platform

*Device Management
*Application Management
*Network Management

By Software Solution:

*Real-Time Streaming Analysis
*Security
*Data Management
*Remote Monitoring
*Network Bandwidth Management

By Application Area
*Building and Home Automation
*Smart Energy and Utilities
*Smart Manufacturing
*Connected Logistics
*Smart Retail
*Connected Health
*Smart Mobility and Transportation
*Others

By Regions:
*North America
o U.S.
o Canada
*Europe
o UK
o Germany
*Asia Pacific
o China
o India
o Japan
*Latin America
o Brazil
o Mexico
*Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2015
Base year - 2016
Forecast period - 2017 to 2025

Some of the key manufacturers involved in the market Intel Corporation, SAP SE, Cisco Systems, Inc., Microsoft Corporation, Oracle Corporation, International Business Machine (IBM) Corporation, PTC Inc., Google Inc., Hewlett Packard Enterprise., Amazon Web Service, Inc., Bosch Software Innovation, GmbH, General Electric Frequent cross industry partnerships are leading to market consolidation.

Request To Download Sample of This Strategic Report:  https://www.kennethresearch.com/sample-request-10013187

Target Audience of the Internet of Things in Market Study:

*Key Consulting Companies & Advisors
*Large, medium-sized, and small enterprises
*Venture capitalists
*Value-Added Resellers (VARs)
*Third-party knowledge providers
*Investment bankers
*Investors

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Kenneth Research
Email: Sales@kennethresearch.com
Phone: +1 313 462 0609

The post Internet of Things (IoT) Market Study Reveals Growth Factors and Competitive Outlook for Future appeared first on America News Hour .

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