The growing trends of wireless networking technologies, along with the rising adoption of cloud-based services, is propelling the market growth.

Market Size – USD 241.01 Billion in 2018, Market Growth - CAGR of 25.3%, Market Trends – The rising demand for IoT traction among SMEs.

The Global Internet of Things (IoT) Market is forecast to reach USD 1498.95 Billion by 2026, according to a new report by Reports and Data. The Internet of Things is the essential computer technology used for Device Management, Application Management, Network Management, and Cloud Platform. The system is a unique technology that has various connection methods such as Ethernet, Wi-Fi, LPWAN, Cellular, Bluetooth, and many others. The rising demand for smart computing is booming this market.

The report is furnished with the latest market scenario pertaining to the COVID-19 pandemic and its after-effects on the Internet of Things (IoT) industry and the key segments. The pandemic has disrupted the workflow of the industry and created financial difficulties. The report assesses the complete impact of the pandemic on the market and offers key insights into the market scenario along with trends and demands disruptions. The report also offers an outlook on the market scenario in the forecast timeline.

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Some of the players profiled in the report are Google Inc., Hewlett Packard Enterprise, Amazon Web Services, Bosch Software Innovation GMBH, General Electronics, Intel Corporation, SAP SE, Cisco Systems Inc., Microsoft Corporation, and Oracle Corporation, among others.

Further key findings from the report suggest

• Smart manufacturing application held the largest market share of 22.5% in the year 2018. The increasing use of industrial automation to increase productivity and lower manufacturing costs is helping this market to boom.
• The Wi-Fi connection method segment is forecasted to witness the highest CAGR of 27.0% during the forecast period. This segment is rising because it is wireless and fast. Wi-Fi module that has been optimized for IoT will simplify the design and save development time.
• Solution component is forecasted to witness the highest CAGR of 26.0% during the forecast period. China became the largest consumer of this segment, as this technology helps in increasing production output and business process efficiency with optimum resource utilization.
• Asia Pacific is expected to witness the highest CAGR of 28.0% during the forecast period. Countries like India, China, Taiwan, Indonesia, and Japan are rapidly catching up with the growth in the data management and security solution. The countries in this region have a high demand for technological system, which is propelling the market growth.

The Global Internet of Things (IoT) Market is segmented as follows:

Application Outlook (Revenue, USD Billion; 2017-2027)

• Building and home automation
• Smart energy and utilities
• Smart manufacturing
• Connected logistics
• Smart retail
• Smart mobility and transportation

Connection Methods Outlook (Revenue, USD Billion; 2017-2027)

• Ethernet
• Wi-Fi
• LPWAN
• Cellular
• Bluetooth
• Satellite

Component Outlook (Revenue, USD Billion; 2017-2027)

• Services
• Platform
• Solution

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Market Segmentation by Regions:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Point Summary of the Report:

The global Internet of Things (IoT) market research report is an investigative study offering key insights into the latest growth trends, developments, technological and product advancements, and the research and development scenario. The report also covers the market aspects that directly influence the growth of the market. These features include strategies undertaken by the prominent players, their expansion tactics, and the product portfolios of the companies, and micro and macro-economic factors.

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The study also analyses the crucial market aspects, including R&D, product launches and brand promotions, mergers and acquisitions, collaborations, joint ventures, and the growth pattern on both regional and global levels. The report offers an in-depth evaluation of factors such as cost, capacity, rates of production and consumption, gross revenue, profit margin, demand and supply ratio, import/export, market share, market size, and market trends.

The Global Internet of Things (IoT) Market includes relevant and verified information relating to the overall market, key players, and their market position and financial standing. The report utilizes advanced analytical tools such as SWOT analysis, Porter's Five Forces Analysis, investment return analysis, and feasibility analysis to offer a comprehensive view of the market position of the major players of the industry.

Key Coverage of the Internet of Things (IoT) Market:

• Insightful information regarding the global Internet of Things (IoT) market
• Identification of growth in various segments and sub-segments of the Internet of Things (IoT) market
• Strategic recommendations for investment opportunities
• The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
• Emerging trends and current market segment analysis to help investors formulate new business strategies
• Accelerates the decision-making process through the availability of the drivers and limitations

To summarize everything stated above, the report offers key insights into the Internet of Things (IoT) market to allow the reader to gain a complete understanding of the Global Internet of Things (IoT) Market through accurate estimations, a panoramic view of the market scenario, competitive landscape, factors influencing the growth of the market, driving factors, restraints, regulatory framework, growth prospects and opportunities, and factors propelling the market forward. The research study offers an in-depth view of the industry to offer a competitive edge to the reader and help them in formulating beneficial investment plans. The report provides a comprehensive overview of the market with facts relating to the past, present, and future of the Global Internet of Things (IoT) Market.

Global Internet of Things (IoT) Market: Table of Contents

Chapter 1. Market Synopsis

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2017-2027

Chapter 3. Indicative Metrics

Chapter 4. Internet of Things (IoT) Market Segmentation & Impact Analysis

Continued……….

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Contact Information:

Contact Us:

John W

Head of Business Development

Reports And Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: [email protected]