Global Internet of Things Market Forecast to grow at a CAGR of 30.0% (2016-2024)

New York, USA, 2018-Sep-20 — /EPR Network/ —According to Goldstein Research, global internet of things market size in 2014 was estimated at USD 591.7 billion which is expected to reach USD 1.3 trillion by 2024. As per the research, by 2020 each person on an average is expected to own 7 connected devices in communication, whereas 8.7 million cars are set to have internet access. Globally the IoT installed devices is majorly in the smart homes, wearable, smart grid and connected healthcare among others. Various companies such as Cisco are continuously advancing their technologies to provide better IoT solution & devices, such that by 2020 the number of internet connected things will surpass the global population.

Further, Global internet of things market is largely dominated by developed regions i.e. North America & Europe which have huge spending on internet connected devices and have exceeded the global average of connected things.

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Market Segmentation

Global Internet of Things Market can be segmented as follows:

By Components

  • Internet of Things (IoT) Devices
  • Non-wearable Devices
  • Wearable Devices
  • Internet of Things (IoT) Platforms
  • Connectivity/M2M Platforms
  • Infrastructure-as-a-Service (Iaas) Backend Platforms
  • Hardware specific software Platforms
  • Consumer/Enterprise Software Extension Platforms
  • Sensors & Actuators

By Software

  • Data Management S/W
  • Network Management S/W
  • Security S/W
  • Remote Monitoring S/W
  • Real Time Streaming Analytics S/W

By Application

  • Smart Homes (e.g. smart thermostats, connected lights, smart appliances, smart door locks)
  • Wearables (e.g. smart watch, activity tracker, smart glass)
  • Smart City (e.g. smart parking, smart waste management)
  • Smart Grid (e.g. smart metering)
  • Industrial automation (e.g. remote asset control, workforce monitoring)
  • Connected car (e.g. remote car control)
  • Connected Health (e.g. Tele-medicine)
  • Smart Retail (e.g. smart mirrors)
  • Smart Supply Chain (e.g. RFID Trackers)
  • Smart Agriculture (e.g. smart watering systems)

By End-User

  • Consumer Electronics Sector
  • Transportation & Logistics Sector
  • Energy Sector
  • Manufacturing Sector
  • Healthcare Sector
  • Agriculture Sector
  • Retail Sector
  • Others (Education Sector)

By Region

  • North America Internet of things Market Analysis, 2016-2024
  • Europe Internet of things Market Analysis, 2016-2024
  • Middle East And Africa Internet of things Market Analysis, 2016-2024
  • Latin America Internet of things Market Analysis, 2016-2024
  • Asia Pacific Internet of things Market Analysis, 2016-2024
  • Rest Of The World Internet of things Market Analysis, 2016-2024

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“Global Internet of Things Market Outlook 2024” includes a comprehensive overview of the global internet of things market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by components, software, application, end user and geography.

The Global Internet of Things Market Analysis Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities and investments. The in-depth analysis of internet of things market report will help the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the global internet of things market discussed in the report are: IBM, Google, Microsoft, Cisco,Intel,Ericsson, Qualcomm, Accenture PLC, Amazon.com Inc., Facebook, PTC Inc., Hewlett Packard Enterprise, Verizon (Networkfleet, GridWide, Verizon Share, hum and Intellegent Track and Trace), International Business Machine,Philips (Respironics and SleepMapper), Zerintia Healthcare (Real Time Healthcare), NXP Semiconductors, EIP-AGRI, Empatica (Embrace), LumoBodytech Inc. (Lumolift), Chrono Therapeutics (ChronoSmartStop), FuGenX Technologies, etc.

Further, Global Internet of Things Market Report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. The Internet of Things Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, USP Analysis, BPS analysis, and Market Attractiveness. The report also contains the expert analysis related to complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

About Goldstein Research

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