Free Press Release
Create Free Account! Members Login
Art & Entertainment Automotive Blogging & Social Media Business Computer Design Education Environment Events / Trade Shows Games & Entertainment Government Health and Fitness Home & Family Industry Legal / Law Lifestyle News & Society Politics Religion Sports Technology Web sites / Internet

Press Release / Technology / IOT Market Analysis and Foresight Report

IOT Market Analysis and Foresight Report

By Ashish on July 03 2020 | 102 Views

Global Internet of Things (IoT) Market by Software Solution (Real-Time Streaming Analytics, Security Solution, Data Management, Remote Monitoring, and Network Bandwidth Management), Service, Platform,

The global internet of things market is growing due to the adoption of the cloud platform. The initiation of advanced data analytics and data processing, and reduction in the cost of connected devices are some of the other factors contributing to the growth of the IoT market. MarketsandMarkets forecasts the global internet of things market size to grow from USD 170.57 Billion in 2017 to USD 561.04 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 26.9% during 2017–2022.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=573

There are several established players in this market, such as Google Inc. (US), Hewlett-Packard Enterprise (US), Amazon Web Services (US), Bosch Software Innovation GMBH (Germany), General Electronics (US), Intel Corporation (US), SAP SE (Germany), Cisco Systems, Inc. (US), Microsoft Corporation (US), Oracle Corporation (US), International Business Machine (IBM) Corporation (US), and PTC Inc. (US). These leading players have adopted various strategies, such as partnerships, collaborations, agreements, mergers and acquisitions, and new product developments, to achieve growth in the global IoT market.

IBM Corporation is one of the leading players in the global internet of things market. The company has adopted both organic and inorganic strategies to enhance its presence in the market. It entered into various partnerships and strategic alliances with local as well as global players. For instance, in March 2017, IBM announced its partnership with Visa. This partnership enabled IBM to combine its Watson IoT platform with Visa’s token technology. Moreover, both the companies deployed a token sharing architecture using a device managed by Big Blue’s cloud infrastructure. In November 2016, IBM launched its Watson IoT consulting solution that allows developers to quickly connect, build, and manage IoT applications and solutions.

Cisco Systems, Inc. is another major vendor in the global internet of things market. The company has a strong presence worldwide, including North America, Asia Pacific (APAC), and Europe. It is a seller of architecture and solutions, based on machine-to-machine communication devices. The company has adopted the inorganic growth strategy to enhance its presence in the market. For instance, in April 2016, it partnered with SAS, one of the leading companies dealing with analytics, business intelligence, and data management software. This partnership enabled Cisco to validate the design of IoT analytics platform using SAS analytics. Moreover, in November 2016, Cisco partnered with Olivetti, an Italy-based telecommunication and IT solutions provider. This partnership enabled both the companies to jointly deliver the IoT manufacturing service to their industrial customers present across verticals, such as energy and utilities, car manufacturers, retail and payment, and transportation and logistics.

Browse Complete Report @ https://www.marketsandmarkets.com/Market-Reports/internet-of-things-market-573.html



Latest Exclusive Press Release
Centralized RAN Market Progresses for Huge Profits by 2022
AI in Social Media Market to Expand with Significant CAGR by 2023
Wall Putty Market Size By Type, By End-user, By Geographic Scope And Forecast
A few major vendors in the encoders market include HEIDENHAIN Gmbh (Germany), POSITAL FRABA inc (Germany), Sensata Technologies (US), Dynapar Corporation (US)
Metal Coated Fibers Market Size By Material, By Fiber, By Plating, By End-User, By Geographic Scope And Forecast
Popular Press Release
Zeng Fanzhi Parcours Exhibition 2016 in Beijing
Feel-planet.com Has Made It Possible to Discover the Wonders of the World Online
Home Ministry’s Population Register Worse than Prisoner Identification
Best Web Hosting Service in India
First Time Home Buyers Tax Credits STILL Available For Troops!


Art & Entertainment Automotive Blogging & Social Media Business
Computer Design Education Environment
Events / Trade Shows Games & Entertainment Government Health and Fitness
Home & Family Industry Legal / Law Lifestyle
News & Society Politics Religion Sports
Technology Web sites / Internet