IoT Infrastructure Market By Platform, Technology, Component, Service, Application, Region – Forecast 2024

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IoT Infrastructure Market Price, Trends, Industry
Outlook Forecast 2017-2024
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Key Insights from IoT Infrastructure Market

• IoT Infrastructure Market to be driven by smart
  city projects across the U.S., India, China,
  Singapore, UK, etc. over the forecast timeframe.
  Smart cities require expertise across several
  sectors including planning, finance, transport,
  communication, and energy safety, among others.
• The IoT framework addresses the various aspects
  of smart projects and allows cities to utilize
  urban data to improve economic competitiveness,
  and build more effective solutions. The Indian
  government plans to develop over 100 smart cities
  that requires an investment of over USD 150
  billion, which is expected to fuel the regional
  growth.
• Increasing demand for water waste management in
  cities is also expected to drive the IoT
  infrastructure market growth. The solutions can
  be implemented to sense the water supply
  drainage operations of a city in real-time
  through various wireless networks, pressure
  gauges and monitoring equipment including meters.
  These data on water supply drainage can be
  provided to the relevant management departments
  in order to analyze the information and make
  supporting suggestions.

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Continued...

• IoT infrastructure market lies huge growth
  opportunities for the professional services.
  Increasing demand for customized services in
  order to implement and manage the complex IoT
  networks supports the professional services
  growth. The service providers with skilled
  expertise implement the technological solutions
  and offer end-to-end services resulting in
  increasing the operational efficiency. In order
  to reduce the total cost of ownership, adoption
  of professional services is on the rise, further
  contributing to the growth. However, managed
  services segment is set to witness significant
  growth in China, India Singapore due to lack of
  adequate infrastructure for supporting such
  solutions.
• Advancements in sensor technology coupled with
  the miniaturization trend is helping the
  manufacturers integrate several functionalities
  in a single chip. Devices integrated with sensors
  ensure the seamless transfer and exchange of
  data. They are used for various functionalities
  which include monitoring, security as well as
  lighting systems. Huge volume of data generated
  from these sensors are required to be collected
  and analyzed to optimize the processes

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U.S. IoT infrastructure market, by application,
2016 2024 (USD Billion)

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Major Companies in IoT Infrastructure Market

• Intel Corporation
• Schneider Electric
• Microsoft Corporation
• Huawei Technologies Ltd.
• IBM Corporation and Cisco Systems, Inc.
• Honeywell International Inc.
• SAP SE, Oracle Corporation
• Accenture PLC and PTC Inc.

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Industry Coverage

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Regional Insights in IoT Infrastructure Market

• North America IoT infrastructure market is
  expected to retain highest revenue share over the
  forecast timeline. This is attributed to the
  advanced infrastructure followed by rising number
  of smart city and building projects undertaken by
  the government across the region.
• Increasing demand for smart cities in countries
  such as China, India Singapore will drive the
  Asia Pacific IoT infrastructure market growth.
  Rising investments for the development of smart
  cities infrastructure coupled with the increasing
  penetration of connected devices further
  contributes to the industry growth.

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