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Internet of Things (IoT) Market Worth 2488 Billion by 2022 with 19.75% CAGR

(January 02, 2018)


"MRFR"
Global IoT Market, By Software (Data Management, Network Management), By Hardware(Sensors, camera), By Services (Manage Services, Professional Services), By Organization Type (Small & Medium Scale Business, Large Scale Business) - Forecast 2022

Internet of Things Global Market - Overview

IoT or Internet of things can be explained as a network which helps to connect multiple smart devices enabled with software and network connectivity and exchange information between each other and with the server. Today, IoT is a billion-dollar market and is growing continuously. There are various drivers which is supporting the market growth. Industrialization, concept of smart cities, automation, smart manufacturing, smart communication and several others are key part of the IoT which helps the market to grow. IOT helps the companies to achieve the maximum efficiency which they have been working, helps the countries to maximize their communication system and provide seamless experience by offering advance and latest technologies. Concepts of smart homes where an individual can control the smart appliance from any place on earth with a smartphone is only can be achieved through help of IoT where all the appliances have smart sensor deployed in it and are connected with the information grid.

 

A study shows that by the end of year 2020, there will be more than 30 billion devices connected with the information grid and the market size will be double the size of pc, smartphone and connected cars and wearable’s market.

 

Key Players:

Amazon Web Services (U.S), AT & T Inc. (U.S), Cisco System Inc. (U.S), Google Inc. (U.S), Oracle Corporation (U.S), , Dell Inc. (U.S), Microsoft Corporation (U.S), Hitachi Data Systems (U.S.), Huawei Technologies Co. Ltd. (China) - International Business Machines Corporation (IBM)  (U.S) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Internet of Things market. Wide range of benefits and growing application areas such as IT & Telecom, Retail, Healthcare, Manufacturing, Automotive, Connected Logistics and among the others are some of the major driving factor of IoT market.

 

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Industry News

December, 2017, United Microelectronics Corporation, a leading global semiconductor foundry, today announced the availability of the company’s 40nm process platform that incorporates Silicon Storage Technology’s (SST) embedded SuperFlash® non-volatile memory. The newly available 40nm SST process features a >20% reduction in eFlash cell size and 20-30% macro area over UMC’s mass production 55nm SST technology. Toshiba Electronic Devices & Storage Corporation has started studying technical feasibility of UMC’s 40nm SST for their microcontroller (MCU) ICs. More than 20 customers and products are in various stages of 55nm SST eFlash production at UMC, including those for SIM card, banking, automotive, IOT, MCU and other applications.

 

December, 2017, Sequans Communications S.A. announced that its Monarch LTE Cat M1/NB1 Platform has completed AT&T’s ADAPT chipset validation program and is now ready to support module certifications. Monarch is the world’s first LTE-M chip built from the ground up to comply with the 3GPP Release13/14 standard. Monarch is a single chip solution comprising baseband, RF, power amplifiers, and memory, and is optimized in both hardware and software for the design of IoT devices.

 

December, 2017, Amazon Web Services, Inc. (AWS), an Amazon.com company, announced the launch of the AWS EU (Paris) Region. With this launch, AWS now provides 49 Availability Zones across 18 technology infrastructure regions globally with another 12 Availability Zones and four regions in Bahrain, Hong Kong SAR, Sweden, and a second AWS GovCloud Region in the US expected to come online by early 2019. The AWS EU (Paris) Region is AWS’s fourth in Europe, joining existing regions in Germany, Ireland, and the UK. Tens of thousands of French customers already use AWS in other regions, and starting today, developers, startups, and enterprises, as well as government, education, and non-profit organizations, can leverage AWS to run applications and store data in France.

 

Browse Full Report @ https://www.marketresearchfuture.com/reports/internet-of-things-market-1176

 

Internet of Things Global Market - Segmentation

Segmentation by Software: Data Management, Remote Monitoring, Network Management, Security solutions among others

Segmentation by Hardware: Sensors, Camera. Network Devices, Security Solution among others

Segmentation by Services: Manage Services, Professional Services

Segmentation by Platform: Application Management Platform, Connectivity platform and Device Management Platform

Segmentation by Organization Size: Small & Medium scale business, Large Scale Business

Segmentation by Industries: IT & Telecom, Retail, Healthcare, Manufacturing, Automotive, Connected Logistics and among the others.

 

Internet of Things Global Market - Regional Analysis

Internet of things market is growing with very huge CAGR from the last few years. The market is being dominated by North America due to the rich presence of technology companies in the region and increasing awareness about the benefits offered by IoT in the day to day activity. The region is also one of the early adopters of IoT thus, uses any new products and services offered by the key companies. Europe stands as second largest market due to the growing market of the automotive and BFSI industry. The region is also witnessing rapid proliferation of technology in healthcare sector which is also driving the market. Presence of developed countries such as Germany, France, Italy, Netherlands and U.K. are also major factor driving the market of IoT in Europe region. Whereas Asia-Pacific region has emerged as one of the fastest growing market. Development of Asian countries with respect to technology and high demand for the new products from China, Japan, South Korea and India is also expected to play major role in the growth of IoT Market. Also, rich manufacturing industry in Asian region and need of efficient manufacturing process is also one of the major factor driving the market growth.

 

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