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, 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, Retail, BFSI, Healthcare, Manufacturing, Energy & Utility, IT & Telecom, Transportation) - Growth, Share, Opportunities & Competitive Analysis, 2016 -2023”, The global Internet of Things market is expected to see steady growth, growing at a CAGR of more than 19 per cent from 2016 to 2023.
Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/internet-of-things-iot-market
Market Insights
Growing digitalization of business models both front-end and back-end across major end-user verticals and increasing government initiatives and support for the deployment of IoT technologies in small and medium-sized enterprises are driving the growth of the Internet of Things market worldwide. However, high costs associated with the deployment of connected devices and smart systems hinder market growth, particularly in developing regions such as Asia-Pacific and Latin America.
Competitive insights:
The global market for goods is fragmented in nature, with top players accounting for less than 40% of the market share of overall market revenue. Currently, Microsoft Corporation, IBM Corporation and Google Inc. are the dominant players in the global market for the Internet of Things. These players follow the strategy of acquiring regional players in order to enter an untapped market and increase the customer base. Key vendors also focus on entering into a strategic partnership to develop and implement industry-specific IoT platforms and solutions to gain first-mover advantage. IBM Corporation, Cisco Systems, Inc., Google Inc., Hewlett-Packard Company, Microsoft Corporation, Accenture PLC, Oracle Corporation, SAP S.E., General Electric (GE), and Telefonica S.A. Key Trends: • Growing adoption of a cloud-based IoT solution and platform to increase competition among market players• Large selling of IoT solutions and platforms•
You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/57847
Report Scope by Segments
By Deployment Type
- On-premise
- Cloud-based
By End User Vertical Type
- Consumer Vertical
- B2B Vertical
- Public Sector
- Retail
- BFSI
- Healthcare
- Manufacturing
- Energy & Utility
- IT & Telecom
- Transportation
By Services Type
- Consulting
- Implementation & Integration
- Operation Management
- Repair & Maintenance
- Other Service
By Software Type
- Data Management
- Security
- Analytics
- Communication
- Other Software
By Geography Segment
- North America (the U.S., Rest of North America)
- Europe (U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, Japan, India, Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, Latin America)
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