With the ever increasing number of connected devices globally, and with the potential of smart objects, there is the potential to transform and revolutionize multiple vertical sectors to operate in a connected ecosystem; the Internet of Things (IoT). Coupled with the proliferation of electronic devices that already exist in businesses, homes consumers, all of which can be transformed via the use of IoT technologies, and the stage is set for IoT to become ubiquitous.
The Internet of Things (IoT) market is set for accelerated growth in 2014 as more businesses realize its potential uses and the positive impact it can have on a multitude of industry verticals. The Internet of Things market has already gained momentum with increasing adoption, offering a wide variety of uses and portfolio of applications, which is expanding sizeably. The main attraction offered by the Internet of Things is its potential to change strategy and a plethora of a new products and service possibilities.
The 187 page report contains 93 tables, charts and graphs that add visual analysis in order to explain developing trends within the Internet of Things market. Visiongain provides forecasts for the period 2014-2024 in terms of value (US$) for the global Internet of Things market, as well as for vertical submarket forecasts from Consumer Electronics, Automotive/Transport, Healthcare, Utilities, and M2M. In addition, five regional markets are forecast and analysed by visiongain over the period 2014-2024. The report also provides profiles of 28 leading vendors operating within the market and key developments in the vendor landscape.
Visiongain believes that 2014 will be a pivotal year and one of significant growth for the Internet of Things as companies address increasing demands from both consumers and enterprises for full-time connectivity and the government initiatives that support greater mobile connectivity. As a consequence, Visiongain expects global Internet of Things revenues to reach $756.8 billion in 2014.
This new report from visiongain is a completely fresh market assessment of the Internet of Things market sector based upon the latest information. The report contains completely new company interviews, updated forecasts, original analysis, expanded company profiles and, most crucially, fresh conclusions.