The report"Internet of Things (IoT) Market by Software Solution (Real-Time StreamingAnalytics, Security Solution, Data Management, Remote Monitoring, and NetworkBandwidth Management), Service, Platform, Application Area, and Region - GlobalForecast to 2022", size is expected to grow from USD 170.5 billion in 2017to USD 561 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 26%during 2017–2022. The increasing number of connected devices and theproliferation of smartphones have contributed significantly to the rise of IoT.Rising adoption of cloud platforms, development of cheaper and smarter sensors,and evolution of high-speed networking technologies will drive the growth ofthe IoT market
DownloadPDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=573
Datamanagement to account for the largest market size during the forecast period
Billions ofInternet connected devices and applications that includes smart meters,lighting, grid, driverless cars, and wearables devices. These devices areinterconnected and enable businesses to work smartly, efficiently, andprofitably. With enormous devices connected, IoT is driving vast data volume tobe stored, process, and analyzed for adding business value. IoT deploymentenhances organizations ability to gain insights from the flowing data toimprove efficiencies and customer experience. This heterogeneity of datagenerated by IoT and smart devices challenge the traditional data managementsystem. The traditional data management solutions only update records, files,and store data in the system. The IoT data management solutions provide astandard platform for storing, processing, managing, and performing dataanalysis.
The smartretail is expected to grow at the highest CAGR during the forecast period
The IoTtechnology solutions in the retail industry provide companies with greatervisibility into the physical environment and the data they need to optimizeworkflows, better allocate and utilize assets, and reduce operating costs.Though overall adoption of IoT in retail is limited, these are beingincreasingly deployed for inventory management as these assist in properutilization and management of inventory and reduce instances of shrinkagethrough theft analysis. Apart from this, advertising and real-time analyticsare other areas of deployment that help retailers drive targeted promotionalcampaigns and increase the revenue per customer.
NorthAmerica to account for the highest market share during the forecast period
NorthAmerica is expected to hold the largest market share in the IoT market duringthe forecast period. The countries in this region have established economies,which empowers them to strongly invest in R&D. The rapid digitalizationacross industry verticals, the increasing adoption of smart connected devices,and the technological advancements have further fueled the growth of the IoTmarket in this region.
The majorvendors in the IoT market include Google Inc. (US), Hewlett Packard Enterprise(US), Amazon Web Services (US), Bosch Software Innovation GMBH (Germany),General Electronics (US), Intel Corporation (US), SAP SE (Germany), CiscoSystems Inc. (US), Microsoft Corporation (US), Oracle Corporation (US),International Business Machine (IBM) Corporation (US), and PTC Inc. (US).
Browse In-depthToc on Internet of Things Market @ https://www.marketsandmarkets.com/Market-Reports/internet-of-things-market-573.html
