Register now or log in to join your professional community.
The Internet of Things market size is estimated to grow from USD. Billion in to USD. Billion by, at a Compound Annual Growth Rate (CAGR) of.3% from to. 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 Internet of Things Market across different segments, such as platforms, software solutions, services, application domains, and regions. The base year considered for the study is and the market size forecast period is from to. 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:
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
“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
By Platform
By Service
By Application Domain
By Region
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
Geographic Analysis
Company Information
The “Internet of things” (IoT) is becoming an increasingly growing topic of conversation both in the workplace and outside of it. It’s a concept that not only has the potential to impact how we live but also how we work. But what exactly is the “Internet of things” and what impact is it going to have on you, if any? There are a lot of complexities around the “Internet of things” but I want to stick to the basics. Lots of technical and policy-related conversations are being had but many people are still just trying to grasp the foundation of what the heck these conversations are about.
Biggest markets locations
USA
UK
Japan
The global Internet of Things market will grow to $1.7 trillion in 2020 from $655.8 billion in 2014, research firm IDC says, as more devices come online and a bevy of platforms and services grow up around them.
The firm predicts that the number of “IoT endpoints,” connected devices such as cars, refrigerators and everything in between, will grow from 10.3 billion in 2014 to more than 29.5 billion in 2020.
Devices, connectivity and IT services are expected to account for the majority of the global IoT market in 2020, with devices alone accounting for 31.8% of the total. Purpose-built platforms, storage, security, application software and “as a service” offerings are expected to capture a greater percentage of revenue as the market matures.
The Asia Pacific region captured around 58.3% of the revenue from IoT in 2014 and will shrink slightly to 51.2% in 2020. In China, a large and growing population using mobile devices alongside a push to make manufacturing practices more efficient may spur a significant number of new devices and IoT standards, said Vernon Turner, IDC’s research fellow for the Internet of Things. Well networked countries like South Korea and Singapore may also ramp up smart city initiatives.
North America is expected to maintain revenue share of just more than 26% over the forecast period, while the share in Western Europe is expected to jump from 12% to about 19.5%.
As the Internet of Things ecosystem continues to grow, companies increasingly will look to platforms and services that help them manage and analyze the streams of data coming from connected cars, thermostats and smartwatches. That means a new world for the CIO as companies look for ways to process and analyze data from multiple sources in real time.
The largest market of IoT is in following areas:
City Governments
Industrial internet
automotive industry
Healthcare
Retail
Supply chain
Farming
Experts estimate that the IoT will consist of almost 50 million objects by 2020.
The Internet of Things (IoT) refer to an ecosystem of interconnected devices including electronics, automotive vehicles and various other physical objects assigned with an IP address, through the use of embedded sensing devices. The data collected from the network of these sensing devices can be further analyzed to enhance the operation of the network elements. The principle of IoT is based upon machine-to-machine (M2M) communication and cloud computing for data storage and analytics. The IoT market has evolved from the combined advancement in the wireless communication technology, electronic devices and cloud computing services.
The most significant factor fueling the IoT market is the rising penetration of mobile devices and smart consumer electronics products worldwide. The ever rising penetration coupled with the advancement in the wireless communication technology is expected to substantially drive the market growth in the coming years. The IoT market is also driven by the energy sector due to the growing investment over smart grid infrastructure. IoT is the backbone of smart grids since it includes data gathering and further analysis for energy optimization.
Nevertheless, the IoT market growth is strongly hampered by the lack of standards in the industry thereby limited scalability. With the expanding IoT networks, a standard and robust communication network will be required so as to carry out efficient operations throughout the IoT ecosystem. Due to lack of standard protocols, the rapid expansion of the IoT networks is significantly hindered. Further, security and privacy issues with regards to the huge volumes of data generated is another major concern for the market.
The report titled “Global Internet of Things (IoT) Market- Growth, Share, Opportunities and Competitive Analysis, 2016 – 2023” offers strategic insights into the global IoT market along with the market size and estimates for the duration 2014 to 2023. The said research study covers in-depth analysis of multiple market segments based on components, applications and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2014 & 2022. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.
In order to help strategic decision makers, the report also includes competitive profiling of the leading IoT solution and services vendors, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis, market positioning and key developments. Some of the major players profiled in the report are Microsoft Corporation, Google, Inc., Cisco Systems, Inc., IBM Corporation, Samsung Electronics Co., Ltd., Accenture Plc., Amazon.com Inc. (Amazon Web Services), Oracle Corporation and Alcatel-Lucent S.A. among others. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global IoT market, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above mentioned factors.
Basm allah alrahman alrahim
do you mean internet marketing .
using bulk emails
using advertising for marketing
and others
or you mean IoT .
IoT at wiki with a very good explain
Iot in arabic at wiki with an excelet defination
most popular markets for Iot :
USA
China
France
UK
Japan
Russia
and Germany
According to Cisco IoT in the next five years, global IP networks will support up to 10 billion new IoT devices and connections, increasing from 16.3 billion in 2015 to 26.3 billion by 2020. There are projected to be 3.4 devices and connections per capita by 2020—up from 2.2 per capita in 2015.- Globally, M2M connections are calculated to grow nearly three-fold from 4.9 billion in 2015 to 12.2 billion by 2020, representing nearly half (46 percent) of total connected devices.- Connected home M2M connections will increase from 2.4 billion in 2015 to 5.8 billion in 2020, accounting for nearly half of total M2M connections worldwide.
Application Market
Environment Sensors
Smart House
Cars Monitor
Biggest markets locations
USA
UK
Japan
Future
In the next years the market of Iot will be grow to% percentage according to some resources
Experts predicts that the number of global machine-to-machine (M2M) connections will increase to 360.9m in 2018. With an influx of connected devices, we will also see an influx of data, where every device will be programmed and tracked. The question is: how can marketers use the data to enhance the performance of their business?
The internet of things brings about an opportunity to measure, collect and analyse an ever-increasing variety of behavioral statistics. In theory, the "mash-up" and cross-correlation of this data could revolutionize the targeted marketing of products and services.
The challenge, though, is that the companies selling the devices containing the sensors that monitor us, and the companies operating the networks storing that data, are committed to data security. Disclosure of any information to a third party can therefore only practically happen with the explicit consent of the monitored party.
This means that marketers may find the doors to any M2M-derived information, which is traceable back to an individual, are permanently shut.
Aggregation and anonymity could be the solution for marketers. It might seem counter-intuitive from a marketing perspective to omit the identity of the concerned individuals but consumers are more likely to give consent en masse. It is also the only way companies monitoring and storing data can sell or release such data without seeking end-user approval.
This approach is already a successful commercial reality. Mobile phone networks are using "passive anonymous geolocation" or "network insights" techniques where they use existing data that allows network infrastructure to operate efficiently and effectively in a predictable and standardised way. Instead of the data being discarded after it has accomplished a single action at a single point in time, operators are logging the data to monitor population movement by mode of transport, time of day, and personal characteristics like age group within a specific geographic area.
The information collected by operators presents myriad opportunities to marketers. Shop and billboard owners can monitor footfall near their properties and segment the data by relevancy so they can easily determine where their target market has come from and where it might be going next. Local councils can also profile peoples' reactions to specific types of environmental situations, for example, to help with crowd control during an emergency. Data that is collected from many thousands of people is aggregated and made anonymous, and then presented as a single report showing societal trends.
There's no question that work needs to be done to reassure consumers that the internet of things will not create a Big Brother society. After all, any object that registers an action can be used as a sensor to produce personal statistics as result of our unconscious actions.
The answer lies in aggregation and anonymity. By adhering to these principles, marketers can gain great insight into our everyday behaviors and show the adequate respect to our privacy.
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.