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Internet of Things Technology Market by Node Component, Network Infrastructure, Software Solution, Platform, Service, End-use Application And Geography - Global Forecast to 2022

Internet of Things Technology: Global Forecast until 2022

  • November 2017
  • 231 pages
  • ID: 5210112
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"IoT technology market planned to grow at a compound annual growth rate (CAGR) of 25.1% during the forecast horizon"

The IoT technology market is anticipated to be valued at ~$639.7B by 2022, increasing at a compound annual growth rate (CAGR) of 25.10 percent between 2017 and 2022. The increase of the IoT technology market can be accredited to the increasing market of connected devices and growing investments in the IoT sector. Nevertheless, the lack of common communication protocols and communication standards across platforms, and high-power consumption by connected devices are hindering the rise of the IoT technology market.

"IoT technology market for BFSI end-use application intended to grow at the maximal level rate between 2017 and 2022"

The IoT technology market for the BFSI end-use application is anticipated to rise at the highest compound annual growth rate (CAGR) between 2017 and 2022. The increasing mass adoption of online banking, contactless payment, and mobile banking apps has increased significantly, which would propel the increase of IoT technology in the BFSI market.

"IoT technology market in Asia-Pacific forecasted to grow at the highest level rate during the outlook period"

The IoT technology market broken down on the basis of area into North America (NA), Europe (EU), Asia Pacific (APAC), and Rest of the globe. North America continent held the biggest share of the IoT technology market in 2016 due to the strategic initiatives taken by many big American technology companies, the early adoption of different IoT-enabled products across multiple end-user applications, and the increased research and development in the field of IoT. The industry in Asia-Pac is anticipated to grow at the maximal rate between 2017 and 2022 due to the increasing penetration of the Internet across commercial as well as residential spaces, high consumer base, and improving IT infrastructure.

Breakdown of profiles of primary members taking part:

• By Company category: Tier 1-55.0 percent, Tier 2-25.0 percent, and Tier 3-20.0 percent

• By Description: Directors-50%, CEO-20%, Vice Presidents-25%, and Others-5%

• By Area: North America-35%, APAC-35%, Europe-20%, and RoW-10%

Firms decribed in this business report are Intel, QUALCOMM, Texas Instruments, International Business Machines, STMicroelectronics, General Electric (NYSE:GE), Hewlett Packard Enterprise, Cisco (NASDAQ:CSCO), Microsoft, Amazon Web Services, Symantec, PTC, and Alphabet. The study also includes some of the new actors in the Internet of Things Technology market including Ayla Networks, Losant IoT, Notion, Pepper, and Helium Systems.

Segment Research

The analysis depicts the IoT technology market and related developments in terms of node component, network infrastructure, hardware, software solution, platform, service, and end-use applications across different areas. It aims at evaluating the market value and upcoming growth potential of this market across distinct segments including node component, network infrastructure, software solution, platform, service, end-use application, and area. Moreover, the market research also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, recent evolutions, and key industries strategies.

Why Purchasing This Study Can Help You:

• this business report includes the industry statistics pertaining to node component, network infrastructure, software solution, platform, service, end-use application, and territory together with their respective revenue.

• Major drivers, market restraints, alternatives, and opportunities for the IoT technology market have been precised in this industry report.

• Illustrative segmentation, study, and estimate established on node component, network infrastructure, software solution, platform, service, end-use application, and area have been provided to give an global view of the IoT technology market.

• A in-depth competitive landscape has been provided including top players, complete study, and revenue of main actors.

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