IOT Market Set to grow at a CAGR of 30.0% Over The Forecast Period 2016-2024

New York, USA, 2018-Oct-24 — /EPR Network/ —According to Goldstein 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. Global IOT Market Size in 2014 was estimated at USD 591.7 billion which is expected to reach USD 1.3 trillion by 2024. The Global internet of things market segmentation has been done on the basis of components, software, application, end user and geography. Globally the IoT installed devices are 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. On the other hand, the Asia Pacific region is witnessing an annual growth rate of 55.0% and over the forecast period, it is estimated to have a considerably high market share. The developed countries in the Asia Pacific such as Japan & Singapore are the major contributors to market growth in the region.

 Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/global-internet-of-things-iot-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

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. smartwatch, 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
• The 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, 2016-202

Browse Full Report: https://www.goldsteinresearch.com/report/global-internet-of-things-iot-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

“Global Internet of Things Market Outlook 2024” contains a detailed 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 and end user.

Further, Global IOT Market Report encompasses the analysis of industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis to help the market players (existing and new entrants), industry consultants, technology providers and other stakeholders to identify the business strategies. The report also provides the estimated and forecast market data (growth rate, market size and market share) along with more market growth and opportunities for relevant statistics.

This market research report also includes competitive outlook of some major players such as IBM, Google, Intel, Microsoft, Cisco, Ericsson, Qualcomm, Facebook, PTC Inc., Accenture PLC, Amazon.com Inc., Hewlett Packard Enterprise, International Business Machine, Verizon (Networkfleet, gridwide, Verizon Share, hum and Intelligent Track and Trace), NXP Semiconductors, EIP-AGRI, Empatica (Embrace), Lumo Bodytech Inc. (Lumolift), Philips (Respironics and SleepMapper), Zerintia Healthcare (Real Time Healthcare), Chrono Therapeutics (Chrono SmartStop), FuGenX Technologies, etc.

The company profiles include financial analysis of the company, geographical revenue distribution, recent developments, business strategy and major information of the companies which encompasses business outlook.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts.

Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on future technologies industry outlook reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

Contact for more Info:

Steve Blade

(Global Sales Head)

USA: + 1-646-568-7747

Canada: 1-437-886-1181

UK: +44-203-318-6627

sales@goldsteinresearch.com

www.goldsteinresearch.com

Browse similar reports recently published by “Goldstein Research” on India IoT Market report to get a detailed insight, market-oriented facts & figures of the Industry.