The Internet of Things market size is estimated to grow from USD 157.05 Billion in 2016 to USD 661.74 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 33.3% from 2016 to 2021. All industry verticals are undergoing a huge transformation in a bid to move toward affordable, accessible, and quality services to their customers. New applications and use cases, a result of cutting edge technology innovations, are being developed to address the changing industry needs. IoT, in combination with cloud computing and big data, is creating lucrative opportunities for organizations. The report aims at estimating the market size and future growth potential of IoT market across different segments, such as platforms, software solutions, services, application domains, and regions. The base year considered for the study is 2015 and the market size forecast period is from 2016 to 2021. Data management software is gaining high market traction with the help of cloud and predictive analytics to manage data generated from machineries. This data is evaluated through data management software to extract useful information that helps organizations in decision-making.
The research methodology used to estimate and forecast the Internet of Things market begins with capturing data on key vendors revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global IoT market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and sub-segments. The breakdown of profiles of primary is depicted in the below figure:
Internet of Things Market
To know about the assumptions considered for the study, download the pdf brochure
The IoT ecosystem comprises software vendors, such as IBM, Bosch, and Oracle; security service providers, such as Symantec, and Cisco; system integrators, such as IBM; and platform providers, such as IBM, Microsoft, and SAP that cater to the unique business requirements of the end users.
The target audiences of the Internet of Things market report are
•Solution vendors
•OEMs
•System integrators
•Advisory firms
•National regulatory authorities
•Venture capitalists
•Private equity groups
•Investment houses
•Equity research firms
“Study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments”.
Scope of the Report
The research report categorizes the Internet of Things market to forecast the revenues and analyze the trends in each of the following sub-segments:
By Software Solution
•Real-Time Streaming Analytics
•Network Bandwidth Management
•Remote Monitoring
•Data Management
•Security Solution
By Platform
•Device Management
•Application Management Platform
•Connectivity Management Platform
By Service
•Professional Services
•Managed Services
By Application Domain
•Building and Home Automation
•Smart Manufacturing
•Smart Mobility And Transport
•Connected Logistics
•Connected Health
•Smart Retail
•Security and Emergencies
•Smart Energy
•Smart Environment
By Region
•North America
•Europe
•Middle East And Africa (MEA)
•Asia-Pacific (APAC)
•Latin America
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
•Product matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
•Further breakdown of the North America IoT market
•Further breakdown of the Europe IoT market
•Further breakdown of the APAC IoT market
•Further breakdown of the MEA IoT market
•Further breakdown of the Latin America IoT market
Company Information
•Detailed analysis and profiling of additional market players
For more info, go to http://www.marketsandmarkets.com