IoT Market Analysis By Component, By Application And Segment Forecasts To 2024

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Global Internet Of Things Market Analysis
Forecast, 20172024 Global Market Insights Inc.
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Regional Analysis of Internet Of Things Market

• Asia Pacific lead by China and Japan is
  anticipated to witness significant growth for
  internet of things market in forecast period
  owing to increasing spending in network
  infrastructure by organizations to enhance their
  productivity. Rising manufacturing sector in the
  region will further support the IOT growth.
  Manufacturing sector is one of the largest end
  user of IOT technologies. Increasing demand to
  track and manage inventories will supplement the
  rising internet of things market size. Fleet
  management in transportation sector will propel
  the demand for IOT technologies. In emerging
  countries mainly India, government initiative to
  develop strong IOT infrastructure will propel the
  internet of things market size.
• U.S. is projected to provide various growth
  opportunities for the product owing to surge in
  advanced robotics and cloud technology over
  forecast period. The region will lead to surge in
  IOT technologies due to advancement in machine to
  machine communication. At the same time, surge in
  demand for security and surveillance applications
  in government inventory will propel the product
  demand in forecast period. Strong presence of
  large number of service providers in the region
  will boost the IOT market size.

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• Application Analysis of Internet Of Things Market
  
• Internet of Things Market size will witness a
  significant growth, owing to increasing
  applications of cloud computing and big data in
  IT structure by organizations in the forecast
  period. Rising demand for software solutions,
  platforms, services and application domains will
  add to internet of things market in forecast time
  frame. Predictive analytical tools to manage the
  data generated from machines and evaluation of
  the results to improve the decision making are
  the major driving factors for internet of things
  market growth.

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Competitive Market Share of Internet Of Things
Market

• Some of the key companies are Alcatel-Lucent,
  Cisco, ATT, Qualcomm. Other prominent players
  are Amazon Web Services (AWS), Apple, ARM
  Holdings, Digi International, Atmel, Atos, Bosch
  Software Innovations, Broadcom, CTS, Dell,
  Echelon, Ericsson, Accenture, Freescale Google,
  Semiconductor, GE, Hitachi, HP, IBM, Huawei
  Technologies and Infosys. Established IOT players
  are competing to gain a major share and increase
  their customer base. Organizations worldwide are
  investing heavily to develop innovative IOT
  technologies to gain competitive advantage.

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