Internet of Things Technology Market Worth 639.74 Billion USD by 2022

PUNE, India, November 15, 2017 /PRNewswire/ --

According to the latest market research report "Internet of Things Technology Market by Node Component (Processor, Sensor, Connectivity IC, Memory Device, and Logic Device), Network Infrastructure, Software Solution, Platform, Service, End-use Application, and Geography - Global Forecast to 2022", published by MarketsandMarkets™, the market is expected to be valued at USD 639.74 Billion by 2022, growing at a CAGR of 25.1% from 2017 to 2022.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 66 Market Data Tables and 59 Figures spread through 229 Pages and in-depth TOC on "Internet of Things Technology Market"

http://www.marketsandmarkets.com/Market-Reports/iot-application-technology-market-258239167.html

Early buyers will receive 10% customization on this report 

The market has a huge potential across various industry verticals such as industrial, automotive & transportation, and building automation. The major factor driving the IoT technology market is the growing penetration of Internet connectivity, the increasing adoption of cloud platforms, and increased IP address space with the introduction of IPv6. Additionally, large investments by the industry giants in IoT to introduce new IoT-based products would create demand for more IoT hardware, software, and service.

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=258239167

IoT technology market for software solution is expected to hold the largest share during the forecast period 

The IoT technology market for software solution is expected to lead the market during the forecast period. As a huge amount of data are generated from IoT devices, there would be a high requirement for software solutions that can analyze data to provide trends. By implementing the IoT software solutions, the businesses are aiming to get a competitive edge with predictive analytics as well as optimize their operations.

Industrial end-use application held the largest share of the IoT technology market in 2016 

The industrial end-use application held the largest share of the IoT technology market in 2016. The major factor driving the growth of this market is the growing demand of the Industrial IoT vendors to achieve control over multiple heterogeneous industrial processes by integrating advanced IoT platforms and solutions to automate industrial operations.

North America leads the IoT technology market in terms of market size in 2016 

North America held the largest share of the IoT technology market in 2016. It is one of the fastest-growing markets in terms of technological advancements, manufacturing operations, and infrastructure. The increasing adoption of smart connected devices and rapid digitalization across various end-use applications have fueled the growth of IoT in this region.

The companies profiled in this report are Intel (US), QUALCOMM (US), Texas Instruments (US), International Business Machines (US), STMicroelectronics (Switzerland), General Electric (US), Hewlett Packard Enterprise (US), Cisco Systems (US), Microsoft (US), Amazon Web Services (US), Symantec (US), PTC (US), and Alphabet (US). The report also covers some of the new players in the Internet of Things (IoT) Technology market such as Ayla Networks (US), Losant IoT (US), Notion (US), Pepper (US), and Helium Systems (US).

Inquiry Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=258239167

This report describes the market trends, drivers, restraints, opportunities, and challenges for the IoT technology market and forecasts till 2022. The report also includes the value chain analysis of the market along with a detailed view of the market across four major regions: North America, Europe, Asia Pacific, and Rest of the World (South America and MEA). The report profiles the 13 most-promising players in the IoT technology market.

Browse Related Reports 

IoT Node and Gateway Market by Hardware (Processor, Connectivity IC, Sensor, Memory Device, Logic Device), by End-Use (Wearable Devices, Healthcare, Consumer Electronics, Building Automation, Industrial, Retail), and Geography - Global Forecast to 2023

http://www.marketsandmarkets.com/Market-Reports/iot-gateway-market-248007097.html

IoT Chip Market by Hardware (Processor, Sensor, Connectivity IC, Memory Device, and Logic Device), End-Use Application (Wearable Devices, Building Automation, Industrial, Automotive & Transportation, and Others), and Geography - Global Forecast to 2022

http://www.marketsandmarkets.com/Market-Reports/iot-chip-market-236473142.html

Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit Our Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors 
Connect us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets


SOURCE MarketsandMarkets



Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos and customised feeds just for media.

View and download archived video content distributed by MultiVu on The Digital Center.

 

Get content for your website

Enhance your website's or blog's content with PR Newswire's customised real-time news feeds.
Start today.

 

 
 

Contact PR Newswire

Send us an email at indiasales@prnewswire.co.in or call us at +91 22 6169 6000

 

 
 

Become a PR Newswire client

Request more information about PR Newswire products & services or call us at +91 22 6169 6000

 

 
  1. Products & Services
  2. Knowledge Centre
  3. Browse News Releases
  4. Contact PR Newswire