Internet of Things Market Worth $2,995bn by 2022

According to the new market research report, “Internet of Things (IoT) Market, by Type (Intelligent System, Software, Service), Software (Security, Data Management, Analytics, Communication), Services (Consulting, Integration & Implementation, Outsourcing, Repair & Maintenance Services), End-user (Public Sector, BFSI, Retail, Healthcare, IT & Telecom, Media & Entertainment, Energy & Utility, Transportation) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022“, published by Scalar Market Research, the global Internet of Things (IoT) market is expected to grow at a CAGR of 12.6%. At the estimated growth rate the Internet of Things (IoT) market is expected to grow from USD 1,470.8 billion in 2016 and reach USD 2,995.2 billion by 2022.

(Logo: http://photos.prnewswire.com/prnh/20161017/429206LOGO )

Download Sample: https://www.scalarmarketresearch.com/request-sample.php?id=122

The global Internet of Things (IoT) market report offers in-depth analysis about the market size (revenue), market share, major market segments, global geographies, forecast, key players, and premium trends. It also focuses on the key drivers and opportunities in this market.

Early buyers can avail 20% discount and 100% customization on this report, for the month of October.

Enquiry Before Buying: https://www.scalarmarketresearch.com/enquire-before-buy.php?id=122

Few key findings of the report:

  • The rapid rise in digitization is the major driving factor for this market. The Internet of Things (IoT) market report suggests the rising digitization of the business models across the small and medium businesses around the world to be a strong growth driver for the market.
  • The introduction of smart cities is also expected to create exciting business opportunities for the key players in the Internet of Things (IoT) market during the forecast period.
  • The report suggests that smartphone revolution and the rising number of smartphone buyers, especially across the emerging markets will be a significant driving factor for the Internet of Things (IoT) market.

The report segments the global Internet of Things (IoT) market based on the types, services, software, and end-users. By the types, the market is segmented into software, services, and intelligent services. By services, the market is segmented into integration & implementation, consulting, repair & maintenance, and outsourcing. By software, the Internet of Things (IoT) market is segmented into analytics, data management, security, communication, and analytics.

North America is expected to be the largest geographic region. Asia-Pacific region is set to become the fastest-growing geographic segment in the market. Growth in demand, advancing technologies and increased investment in the region are expected to be the major driving factors for the market in this particular region. The report suggests that Internet of Things (IoT) market is expected to create potential investment opportunities for the emerging players in the industry.

Browse the Report:

https://www.scalarmarketresearch.com/market-reports/internet-of-things-iot-market-1

The key players analyzed in the Internet of Things (IoT) market report include:

  • Accenture Plc.
  • Bosch Software Innovations GmbH
  • Cisco System Inc.
  • General Electric
  • Hewlett-Packard Company
  • IBM Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • Telefonica S.A.
  • Vodafone Group Plc.

Browse Related Reports:

Wearable Technology Market – Global Revenue, Trends, Growth, Share, Size and Forecast to 2021
https://www.scalarmarketresearch.com/market-reports/wearable-technology-market

About Scalar Market Research

Scalar Market Research, Inc., a U.S.-based market research and consulting firm, aspires to assist organizations from around the world to achieve their business goal with premium market research reports and consulting services. Our real-time industry tracking, with the help of advanced analytics, offers a crystal clear view of all the activities in niche markets. Our team, with thorough global understanding, works relentlessly to gather the necessary market insights, including customer analysis, competitions and global forecast.

Find out more about our services at: http://www.scalarmarketresearch.com

Like this article?

Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin
Share on facebook
Share on Facebook
Share on email
Share via email

Other posts that might be of interest

Internet Psychology

Is your brain back to front?

British businesses will spend this weekend on tenterhooks as they wait for Monday’s announcement from the Government about the ending of lockdowns. For the past couple of weeks, the mutterings from 10 Downing Street suggest

Read More »
Internet Psychology

Can you do boring tasks?

Last week, not far from the M25 in Buckinghamshire, the biggest-ever boring machine in the UK started its slow churn through the Chiltern hills to dig a tunnel for the HS2 rail system. It will

Read More »
Fence painting
Online Business

When did you last paint your garden fence?

If you are a “big change” business, then you are like my garden fence. Leaving it unpainted for so long has created much more work, at a higher cost, than if it had been tended to every year. Ignoring reviews of your online activity for long periods also means you make more work for yourself and raise your costs.

Read More »