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May 22, 2020 2:05 PM ET

Internet of Things Market Reports, Scope, Methodology, Timelines And Challenges Forecast Till 2026




iCrowd Newswire - May 22, 2020

Top Players in Internet of Things Market are Google, Intel Corporation, Microsoft Corporation, Cisco, Apple, Oracle Corporation, The Hewlett-Packard Company, Facebook, Dell Technologies

The overallinternet of thingsmarket is expected to grow from USD 190.0 Billion in 2018 to USD 1,102.6 Billion by 2026 at a CAGR of 24.7% during the forecast period. Organizations around the world are increasingly adopting advanced technologies, which is driving the global internet of thingsmarket. Fortune Business Insights in a report, titled “GLOBAL INTERNET OF THINGS (IOT) MARKET: GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2019-2026” states that IoT technology holds significant potential in the ICT sector.

 

To Gain More Insights into the Internet of Things Market Analysis, Browse Summary of the Research Report –https://www.fortunebusinessinsights.com/industry-reports/internet-of-things-iot-market-100307

 

List of Top Key Players Mentioned:

 

 

 

 

 

 

 

 

 

 

 

“Microsoft Corporation, Cisco Systems, Inc., and Oracle Corporation are Among the Leading Players in the Market”

 

Key players in the global IoT market are Using IoT platforms such as application management, device management, and network management to sustain the market. Microsoft Corporation, Cisco Systems, Inc., IBM Corporation, Bosch Software Innovations GmbH, SAP SE, and Oracle Corporation are some of the leading companies in the global market. These companies are increasingly using cloud-computing networks across several platforms. Some companies are likely to invest in research and development (RandD) activities in order to develop innovative IoT solutions. Such activities are expected to help companies gain an edge over the competition.

 

Request a Sample Copy for more detailed Internet of Things Market Overview –https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/internet-of-things-iot-market-100307

 

An Overview of the Impact of COVID-19 on this Market:

 

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

 

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

 

“Healthcare among the Second Leading End Use Industry Segment by Covering 16.2% Share”

 

Manufacturing and healthcare accounts for the majority of share in the global IoT market. According to the report, in 2018, the healthcare segment holds a share of 16.2% in the global market. BFSI segment offers ample growth opportunities as the demand for IoT solutions in the banking sector is increasing rapidly. Customer relationship with banks has transformed over the years with this new ear of connectivity. Adoption of IoT in banking helps to make faster payments and enhances operational efficiency. Not only this, IoT technology allows credit and debit cardholders to easily access banking services. Moreover, several banking firms are planning to use this technology in order to improve the banking experience of their customers by making it more personal. With the increasing adoption of cloud computing solutions, the BFSI sector is expected to rise at a substantial share during the forecast period.

 

Analysis by Market Segmentation:

 

 

 

“Growing Demand for Smart Devices Drives the Market in Europe and Asia Pacific”

 

In 2018, the market in Asia Pacific generated a revenue of USD 74.5 Bn in 2018. The region is anticipated to lead the global IoT market through the forecast period. Large-scale adoption of technologies such as Cloud computing and Artificial Intelligence (AI) in this region contributes to the growth of the market. Several mergers and acquisitions (MandA) between leading players and rising focus on implementing connected devices is a significant factor driving the market in APAC and Europe. Other regions such as North America and Latin America are expected to grow considerably in the forecast years.

 

“Mounting Demand for Real-time Data Offers Fillip to the Market”

 

“IoT technology offers digital transformation to organizations by either upgrading their existing processes or creating a new one,” states a lead analyst at Fortune Business Insights. “Small-scale enterprises are also adopting IoT solutions with an aim to enhance their productivity and cost-efficiency,” he added. IT industry is aggressively adopting cloud-based solutions to gain easy access to enormous amounts of data. This will further provide significant impetus to the market. The demand for real-time data among businesses is increasing at an exponential rate. This, coupled with increasing penetration of automation, is expected to create growth opportunities for the market by 2026. By adopting the internet of things (IoT) solutions, enterprises can gain real-time insights into their business, which can eventually enhance their decision-making processes. IoT offers several software solutions which include security, remote monitoring, network band management, and real-time streaming analytics. Against this backdrop, the demand for IoT applications is likely to increase over the next few years.

 

Speak to our Analyst for any Queries about Internet of Things Market Research Report –https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/internet-of-things-iot-market-100307

 

Major Table of Contents:

 

 

 

 

 

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Purchase Full Report for Exclusive Internet of Things Market Growth Forecast –https://www.fortunebusinessinsights.com/checkout-page/100307

 

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Global Data Integration and Integrity Software Market to Expand at a CAGR of 12.5%, Oracle, IBM and Others Lead the Market Accounting for Lion’s Share

 

About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

 

Contact:Name: Ashwin AroraEmail:[email protected]Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245

Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Internet of Things Market Reports, Scope, Methodology, Timelines And Challenges Forecast Till 2026








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