Internet of Things Market: Latest Innovations and Growth Factors
According to a new report published by Reports Monitor titled, “Global Internet Of Things (IoT) Market , Growth Opportunities, Innovations and Forecast, 2017-2025,” the Internet of Things (IoT) market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Internet of Things refers to the adoption of physical objects integrated with sensors, networking solutions and storage devices primarily used for transmitting the data from one point to another without any human intervention.
The Global Internet of Things (IoT) Market Professional Survey Report scrutinizes the present scenario and the future growth prospects of the Industry. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth and detailed analysis along with important inputs from the various industry experts.
The emergence of advanced low energy wireless devices such as ZigBee, Wi-Fi and others forms the major factor in propelling the market growth. Availability of low cost sensors also acts as an addition key factor in boosting the market growth. However, the increasing concern over the data privacy and security is hindering the growth of the market.
North America is expected to rise as the market leader in the IoT market owing to the presence of major key vendors such as Google, IBM, Microsoft and others, while Asia Pacific is projected to emerge as a fastest growing region due to the rapid expansion in the field of IT and Telecom sector. Increased adoption of cloud-based services also forms the significant factor in boosting the market growth. Based on the geographical regions covered the market is studied across North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa).
The major companies profiled in the report include 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 Services, Inc. , Bosch Software Innovations GmbH , General Electric.
We at GarnerInsights.com provide a comprehensive analysis by providing in-depth reports of the various market verticals. Our Mission is to provide a detailed analysis of the vast markets worldwide backed by rich data. Decision makers can now rely on our well-defined data gathering methods to get the correct and accurate market forecasting along with detailed analysis.