New Market Research Report: Global Internet of Things Market 2016-2020
New Software market report from TechNavio: "Global Internet of Things Market 2016-2020"
[ClickPress, Sun Jul 03 2016] IoT is a network of physical devices, sensors, and machines integrated into everyday objects connected through the Internet for effective data communications. IoT creates smart communication environments, such as smart healthcare. IoT enhances operational efficiency by increasing the speed of communications compared to the existing infrastructure, thus improving business productivity in any industrial setup. It focuses on improving the process capabilities by enabling real-time business decisions with data storage and computing capacity at the basic sensor level. We expect that IoT will likely have a positive impact on industries such as healthcare, manufacturing, retail, energy and utilities, transportation and logistics, and ICT.
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Technavio's analysts forecast the global internet of things (IoT) market to grow at a CAGR of 35.97% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global internet of things (IoT) market for 2016-2020. To calculate the market size, we consider revenue generated from IoT software, solutions, tools, applications, and support and maintenance services. We consider revenue generated from radio frequency identification (RFID), near field-communication (NFC), and other platforms used in IoT systems for estimating the market size. However, the report does not consider the sales of hardware systems and devices used in the IoT setup.
The market is divided into the following segments based on geography:
Technavio's report, Global Internet of Things (IoT) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
* Cisco Systems
Other prominent vendors
* Amazon Web Services (AWS)
* ARM Holdings
* Bosch Software Innovations
* Digi International
* Freescale Semiconductor
* Huawei Technologies
* Juniper Networks
* National Instruments
* Rockwell Automation
* Samsung Electronics
* Schneider Electric
* Tech Mahindra
* Texas Instruments
* Verizon Communications
* Zebra Technologies
* Developments in sensor technologies and communication devices
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