Internet Of Things Technology Market Size & Analysis – Forecasts To 2025

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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Internet Of Things
Technology Market. Market Insights The global
Internet of Things Technology market is expected
to grow at an exponential CAGR over the forecast
period. This growth is mainly attributed to
increasing inclination towards small and cheap
smart sensors coupled with growing adoption of
cloud platforms. Along with this, rising
investment by key manufacturers to develop IoT
based products is also likely to stimulate market
growth. Moreover, rising penetration of internet
connectivity in developing countries is expected
to augment the market growth over the coming
years. However, risks associated with a web of
connected devices such as lack of privacy and
security of data is projected to affect the
profitability of the market over the coming years.
Internet of Things Technology Market Node
Component Insights On the basis of node
component, the industry is segmented into
processor, sensor, connectivity IC, memory
device and logic device. The market for
connectivity IC is expected to occupy the highest
share owing to the increasing demand for better
connectivity. Moreover, growing adoption of low
power connectivity technology such as Bluetooth,
Wi-Fi and BLE among others is likely to boost the
market over the forecast period. Internet of
Things Technology Market Network Infrastructure
Insights The industry is segmented into server,
storage, ethernet switch routing and gateway on
the basis of network infrastructure. The routing
gateway is anticipated to occupy the highest
market share due to its rising application in
providing connectivity via Wi-Fi and Zigbee among
other network technologies.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Internet of Things Technology
Market Software Solution Insights By software
solution, the industry is segmented into
real-time streaming analytics, security solution,
data management, remote monitoring, and network
bandwidth management. The software solutions
segment is anticipated to register a significant
growth over the forecast period on account of
rising adoption of cloud based application
globally coupled with increasing requirement of
data storage by companies. Along with this, the
growing number of connected devices is projected
to augment the market growth over the coming
years. Internet of Things Technology Market
Services/ Platform Insights By services, the
industry is segmented into professional and
managed services. The managed services segment
is projected to grow significantly on account of
rising application by retailers to reduce risks
associated with web of connected devices. Along
with this, rising application of services such as
Payment-as-a-Service (PaaS) for more efficient
transactions is also anticipated to favor the
sector. On the basis of platform, the industry
is segmented into device management, application
management, and network management. Internet of
Things Technology Market Application
Insights Internet of Things (IoT) technology
finds its application in wearable devices,
healthcare, automotive transportation,
automation, industrial, consumer electronics,
retail, oil gas and agriculture among others.
The industrial segment is anticipated to dominate
the market over the forecast period owing to
rising adoption of predictive maintenance
technique coupled with growing government
initiative for developing IoT platforms and
solution for industrial application. BFSI
industry is likely to grow at the highest CAGR
due to increased trend of online banking,
contactless payment methods, and several mobile
banking apps. Internet of Things Technology
Market Regional Insights North America occupied
the largest share of this market since the past
few years due to high application of IoT
technology across several industry verticals
coupled with growing adoption of IoT enabled
products across the region. Asia Pacific is
anticipated to witness highest CAGR over the
coming years. This can be associated with
increasing investment by companies for advancing
IoT technology. Moreover, growing consumer base
and increasing application of internet across
various end use industries is projected to favour
the market growth.
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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
Internet of Things Technology Market Vendor
Landscape
The report contains a chapter dedicated to
vendors operating in the market, covering raw
material manufactures, equipment developers,
manufacturers, and distributors. The report
provides these insights on a regional level.
This section of the report entails contact
details, experience, products manufactured/supplie
d, and geographical presence of companies.
Internet of Things Technology Market End-Use
Landscape The end-use landscape entails a list
of current and prospective consumers prevailing
across the regions. This section provides
company addresses, contact details, products, and
regional presence of companies who are
purchasing or are likely to purchase IoT
technology over the coming years. Some leading
consumers of this market are Apple, Samsung, and
Sony among others. Internet of Things Technology
Market Market Share Competitor Analysis The
global market for this product is expected to be
significantly large due to the presence of
numerous manufacturers. The key players include
STMicroelectronics, Intel, QUALCOMM,
International Business Machines, General
Electric, Hewlett Packard Enterprise, Cisco
Systems, Losant IoT, Microsoft, PTC, Ayla
Networks, Symantec, Helium Systems, and Amazon
Web Services.
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• GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
• The report segments the Internet Of Things
  Technology Market on the basis of By Node
  Component
• Processor
• Sensor
• Connectivity IC
• Memory Device
• Logic Device
• By Network Infrastructure
• Server
• Storage
• Ethernet Switch Routing
• Gateway
• By Software Solution

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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS

• By Application
• Wearable Devices
• Healthcare
• Automotive Transportation
• Automation
• Industrial
• Consumer Electronics
• Retail
• Oil Gas
• Agriculture
• Others
• By Region
• North America
• Europe
• Asia Pacific
• Central South America

This article contains text from the Internet
Of Things Technology Market report prepared by
Global Market Estimates. For more information or
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