Global IoT Market Competitive Strategies And Forecasts To 2032

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IoT Global Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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IoT Market Segments
The Business Research Company segments its IoT
market report as
Device Management, Application Management,
Network Management
By Platform
By End Use Industry
BFSI, Retail, Government, Healthcare,
Manufacturing, Transportation, IT Telecom,
Other End-User Industries
Building And Home Automation, Smart Energy And
Utilities, Smart Manufacturing, Connected
Logistics, Smart Retail, Smart Mobility And
Transportation, Other Applications
By Application
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IoT Market Statistics
The global iot market size will grow from 399.41
billion in 2022 to 486.7 billion in 2023 at a
compound annual growth rate (CAGR) of 21.9.The
global iot market size is expected to grow to
1057.55 billion in 2027 at a CAGR of 21.4.
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Key Market Drivers And Trends
Drivers
The The application of IoT in various industries
such as automotive industry are driving the
growth of the IoT market
Trends
AI algorithms are a key trend gaining popularity
in the IoT market.
Region
Asia-Pacific was the largest region in the IoT
market. The regions covered in the global IoT
market report are Asia-Pacific, Western Europe,
Eastern Europe, North America, South America,
Middle East and Africa.
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Key Market Players

• Major players in the IoT market are
• Cisco Systems
• Microsoft Corporation
• Oracle Corporation
• International Business Machine (IBM) Corporation
• Google Inc.
• And more.

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