Internet of Things (IoT) Market Growth, Revenue Share Analysis, Company Profiles, and Forecast To 2027

The Global Internet of Things (IoT) Market is forecast to reach USD 1498.95 Billion by 2026, according to a new report by Reports and Data. The Internet of Things is the essential computer technology used for Device Management, Application Management, Network Management, and Cloud Platform. The system is a unique technology that has various connection methods such as Ethernet, Wi-Fi, LPWAN, Cellular, Bluetooth, and many others. The rising demand for smart computing is booming this market.

Market Overview:

The information and communication technology sector is expanding at a robust pace over the recent past. Technological advancements in the ICT sector, Artificial Intelligence and robots, increasing demand for smartphones, laptops equipped with latest technologies, and growing adoption of cloud services and IOT are key factors boosting market growth. Rising investments in research and development activities, and increasing usage of internet services, social networking, are fueling global market growth. In addition, rising focus on data security, increasing enhanced techniques to store large amount of data and rising demand for smart and wireless devices are further fueling global Internet of Things (IoT) market growth.

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Competitive Landscape:

The global Internet of Things (IoT) market is extremely competitive and Dominant players in the global Internet of Things (IoT) market are developing various strategies such as mergers and acquisitions, new product launches, investment in research and development activities, corporate deals, and partnerships to strengthen their market position and expand their product base.

Key companies operating in the market: Google Inc., Hewlett Packard Enterprise, Amazon Web Services, Bosch Software Innovation GMBH, General Electronics, Intel Corporation, SAP SE, Cisco Systems Inc., Microsoft Corporation, and Oracle Corporation, among others.

Key questions addressed in the global Internet of Things (IoT) market report:

  • What revenue CAGR is the global Internet of Things (IoT) market projected to register over the forecast period?
  • What are the key outcomes of Porter’s Five Force analysis of the global Internet of Things (IoT) market?
  • What are the key restraints hampering global market growth?
  • Which region is expected to account for largest revenue share between 2021 and 2028?
  • Which key players are operating in the global Internet of Things (IoT) market?

The global Internet of Things (IoT) market is further segmented into type and application:

Application Outlook (Revenue, USD Billion; 2016-2026)

  • Building and home automation
  • Smart energy and utilities
  • Smart manufacturing
  • Connected logistics
  • Smart retail
  • Smart mobility and transportation

Connection Methods Outlook (Revenue, USD Billion; 2016-2026)

  • Ethernet
  • Wi-Fi
  • LPWAN
  • Cellular
  • Bluetooth
  • Satellite

Component Outlook (Revenue, USD Billion; 2016-2026)

  • Services
  • Platform
  • Solution

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Regional Analysis:

Regional Outlook of Internet of Things (IoT) Market:

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • K.
    • Italy
    • France
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • A.E.
    • South Africa
    • Rest of MEA

The data is obtained through extensive primary and secondary research and is verified by experts in the industry. This data is well-presented using various pictorial representations like charts, diagrams, tables and graphs to make it easier for the user and investor understand the market scenario.  It also provides complete analysis of the global Internet of Things (IoT) market with details about statistical tools such as SWOT and Porter’s Five Forces analysis.

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