Posted by johnsonpaul in Finance on March 6th, 2017
According to a new market report published by Credence Research, Inc. “Internet of Things Market By Type (Hardware, Software, Service), By Software (Data Management, Security, Analytics, Communication Cheap Redskins Jerseys , Other Software), By Service (Consulting, Implementation & Integration, Operation Management, Other Services), By Deployment Model (On-premise, Cloud-based), By End-User Vertical (Consumer Vertical, B2B Vertical), By B2B Vertical (Public Sector Shawn Lauvao Black Jersey , Retail, BFSI, Healthcare, Manufacturing, Energy & Utility, IT & Telecom, Transportation) - Growth, Share, Opportunities & Competitive Analysis, 2016 -2023” Quinton Dunbar Black Jersey , the global internet of things market is expected to witness a steady growth, expanding at a CAGR of over 19% from 2016 to 2023.
Browse the Internet of Things Market By Type (Hardware, Software, Service), By Software (Data Management, Security, Analytics, Communication, Other Software), By Service (Consulting Chase Roullier Black Jersey , Implementation & Integration, Operation Management, Other Services), By Deployment Model (On-premise, Cloud-based), By End-User Vertical (Consumer Vertical, B2B Vertical), By B2B Vertical (Public Sector, Retail, BFSI Case Keenum Black Jersey , Healthcare, Manufacturing, Energy & Utility, IT & Telecom, Transportation) - Growth, Share, Opportunities & Competitive Analysis, 2016 -2023 at Insights
Growing digitization of business models both front-end and back-end across major end-user verticals and increasing government initiatives and support to deploy IoT technologies in small- and mid-sized enterprises is driving growth of the internet of things market worldwide. However, high cost associated with deployment of connected devices and intelligent systems is hampering growth of the market especially in developing regions such as Asia-Pacific and Latin America.
Competitive Insights:
The global internet of things market is fragmented in nature, with top players constituting less than 40% market share of the overall market revenue. Currently Brandon Scherff Black Jersey , Microsoft Corporation, IBM Corporation and Google Inc. are the dominant players in the global Internet of things market. These players follow the strategy of acquiring regional players to enter untapped market and increase customer base. Also, key vendors are concentrating on entering strategic partnership to develop and introduce industry-specific IoT platforms and solutions to gain first mover advantage. The prominent players operating in the global Internet of things market are IBM Corporation, Cisco Systems, Inc., Google Inc., Hewlett-Packard Company, Microsoft Corporation, Accenture PLC, Oracle Corporation Josh Doctson Black Jersey , SAP S.E., General Electric (GE), and Telefonica S.A.
Request Free Sample : Trends:
Growing adoption of cloud-based IoT solution and platform to intensify competition among players in the marketLarge vendors are focusing on acquiring regional playersSurge in strategic partnerships and joint ventures among prominent playersIntroduction of advanced connected systems and sensors by vendors
Latest Report:
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