"The
Report Internet of Things (IoT) Market Shares, Strategies, and
Forecasts, Worldwide, 2017 to 2023 provides information on pricing,
market analysis, shares, forecast, and company profiles for key
industry participants. - MarketResearchReports.biz"
MarketResearchReports.biz has
recently announced the addition of its report, “Internet
Of Things (IoT) Market Shares,
Strategies, And Forecasts, Worldwide, 2017 To 2023” to its
offering. The 678 page report sheds light on the key growth drivers,
deterrents, and developments in the global market for IoT.
As the use of devices such as
cameras, sensors, and platforms deployed in the implementation of
precision in digital control and in the sending of alerts for the
management of machinery and other devices is growing, the global
Internet of Things (IoT) market is slated for high growth. The
increasing popularity of Internet, growing adoption of smart phones
and other smart devices, and favorable government initiatives are
driving the market. Video streaming, online gaming, and social media
are increasingly garnering more attention worldwide.
The rising adoption of Internet
of Things is called the next industrial revolution, owing to the
emergence of Industrial Internet of Things (IIoT). The recent
developments in the IoT and IIoT market suggest that Internet of
Things will have a great impact on all businesses, governments, and
consumers at large. The increasing demand for more data has fuelled
the growth of the data centers. The increasing internet speed offered
by key vendors is a key trend in the IoT market.
The rising rate of data
consumption, introduction of big data, and the growing use of
smartphones is responsible for the increasing speed of Internet.
Several Cloud data centers have switched from 10 Gbps to 100 Gbps.
However, the growth of the worldwide IoT market can get hindered on
account of privacy and security issues, along with lack of
standardization.
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A number of vendors are opting
for partnerships, acquisitions, collaborations, and mergers to
improve their product portfolio and cater to the increasing demands
of their customers. For instance, in April 2017, India-based Reliance
Group’s IoT business unit, Unlimit, announced its strategic
partnership with a prominent software provider, Cumulocity, with a
view to launch an entire new suite of IoT products under their new
platform, called “Enablement”.
By geography, Argentina, Spain,
China, South America, Australia, India, and Brazil are some of the
key segments analyzed in the report. North America, owing to early
and widespread adoption of IoT across innumerable domains, is likely
to lead the global IoT market over the next few years. European
countries such as France, Italy, Germany, and the U.K. are also
likely to register high growth. Asia Pacific, however, offers the
most lucrative opportunities. This is because several industrial
verticals such as automotive, consumer electronics, home appliances,
agriculture, aviation, defense, and banking, financial, and insurance
services (BFSI) are adopting Internet of Things.
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http://www.marketresearchreports.biz/pressrelease/4253
Hewlett Packard Enterprise,
Google, IBM, Huawei, Siemens, SAP, Verizon, Cisco, Apple, Intel,
Bosch, Samsung, GE, Panoramic Power, Schneider Electric Software,
LLC, Softbank, and Oracle are some of the leading companies operating
in the global market for Internet of Things (IoT).
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