Internet of Things (IoT) Market 2019: Global Industry Analysis, Size, Share, Trends, Market Demand, Growth, Opportunities and Forecast 2026

Top players in Internet of Things (IoT) Market are Google, Amazon, Microsoft Corporation, Apple Inc., IBM, Facebook, Oracle Corporation, Hewlett Packard Enterprise, Siemen, Cisco, Cisco Systems, Samsung Electronics, SAP SE, Intel Corporation, Ericsson, AT&T, Dell Technologies, Blackberry inc.

Pune, India - July 16, 2019 /MarketersMedia/ —

Organizations around the world are increasingly adopting advanced technologies, which is driving the global internet of things (IoT) market. Fortune Business Insights in a report, titled “GLOBAL INTERNET OF THINGS (IOT) MARKET: GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2019-2026” states that IoT technology holds significant potential in the ICT sector. As per the report, the global market was valued at US$ 190.0 Bn in the year 2018 and is anticipated to reach US$ 1111.3 Bn by 2026. The analysts in the report predict that the global market will expand at a ferocious CAGR of 24.7% throughout the forecast years.

Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/internet-of-things-iot-market-100307

Top Key Players Mentioned:

Google LLC
Intel Corporation
Microsoft Corporation
Cisco Systems, Inc.,
Apple Inc.,
Oracle Corporation
The Hewlett-Packard Company
Facebook, Inc.,
Dell Technologies

BFSI Segment Leads the Market by Covering 21.1% Share

Banking and Financial Institutions (BFSI) account for the majority of share in the global IoT market. This segment offers ample growth opportunities as the demand for IoT solutions in the banking sector is increasing rapidly. Customer relationship with banks has transformed over the years with this new ear of connectivity. The adoption of IoT in banking helps to make faster payments and enhances operational efficiency. Not only this, IoT technology allows credit and debit cardholders to easily access banking services. Moreover, several banking firms are planning to use this technology in order to improve the banking experience of their customers by making it more personal. According to the report, in 2019, the BFSI segment holds a share of 21.1% in the global market. With the increasing adoption of cloud computing solutions, the BFSI sector is expected to rise at a substantial share during the forecast period.

Major Table of Content:
1. Introduction
1.1. Definition, By Segment
1.2. Research Approach
1.3. Sources
2. Executive Summary
3. Market Dynamics
3.1. Drivers, Restraints and Opportunities
3.2. Emerging Trends
4. Key Insights
4.1. Macro and Micro Economic Indicators
4.2. Industry SWOT Analysis
4.3. Porter’s Five Forces Analysis
5. Global Internet of Things (IoT) Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecasts – By Platform (US$ Bn)
5.2.1. Device Management
5.2.2. Application Management
5.2.3. Network Management
5.3. Market Size Estimates and Forecasts – By Software & Services (US$ Bn)
5.3.1. Software Solution
5.3.1.1. Real-Time Streaming Analytics
5.3.1.2. Security
5.3.1.3. Data Management
5.3.1.4. Remote Monitoring
5.3.1.5. Network Band Management
5.3.2. Services
5.4. Market Size Estimates and Forecasts – By End Use Industry (US$ Bn)
5.4.1. BFSI
5.4.2. Retail
5.4.3. Government
5.4.4. Healthcare
5.4.5. Manufacturing
5.4.6. Transportation
5.4.7. IT & Telecom
5.4.8. Others

TOC Continued…!

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Growing Demand for Smart Devices in Canada and the U.S. Drives the Market in North America

In 2018, the market in North America covered US$ 83.9 Bn. The region is anticipated to lead the global IoT market through the forecast period. Large-scale adoption of technologies such as Cloud computing and Artificial Intelligence (AI) in this region contributes to the growth of the market. Several mergers and acquisitions (M&A) between leading players and IT companies in North America is another factor driving the market. Apart from North America, other regions such as Asia Pacific and Europe are expected to grow considerably in the forecast years.

Mounting Demand for Real-time Data Offers Fillip to the Market

“IoT technology offers digital transformation to organizations by either upgrading their existing processes or creating a new one,” states a lead analyst at Fortune Business Insights. “Small-scale enterprises are also adopting IoT solutions with an aim to enhance their productivity and cost-efficiency,” he added. IT industry is aggressively adopting cloud-based solutions to gain easy access to enormous amounts of data. This will further provide significant impetus to the market. The demand for real-time data among businesses is increasing at an exponential rate. This, coupled with increasing penetration of automation, is expected to create growth opportunities for the market by 2026. By adopting the internet of things (IoT) solutions, enterprises can gain real-time insights into their business, which can eventually enhance their decision-making processes. IoT offers several software solutions which include security, remote monitoring, network band management, and real-time streaming analytics. Against this backdrop, the demand for IoT applications is likely to increase over the next few years.

Apple, Dell, Cisco are Among the Leading Players in the Market

Key players in the global IoT market are Using IoT platforms such as application management, device management, and network management to sustain the market. Google LLC, Cisco Systems, Inc., The Hewlett-Packard Company, Microsoft Corporation, Dell Technologies, Apple Inc., Oracle Corporation, Facebook, Inc., and Intel Corporation are some of the leading companies in the global market. These companies are increasingly using cloud-computing networks across several platforms. Some companies are likely to invest in research and development (R&D) activities in order to develop innovative IoT solutions. Such activities are expected to help companies gain an edge over the competition.

Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/internet-of-things-iot-market-100307

Contact Info:
Name: Ashwin Arora
Email: Send Email
Organization: Fortune Business Insights Pvt Ltd
Address: Fortune Business Insights Pvt Ltd 308, Supreme Headquarters, Survey No 36, Baner, Pune-Bangalore Highway, Pune - 411045, Maharashtra, India Phone: US: +1 424 253 0390 UK: +44 2071 939123 APAC: +91 744 740 1245 Email: sales@fortunebusinessinsights.com
Phone: +1 424 253 0390
Website: https://www.fortunebusinessinsights.com

Source URL: https://marketersmedia.com/internet-of-things-iot-market-2019-global-industry-analysis-size-share-trends-market-demand-growth-opportunities-and-forecast-2026/88896999

Source: MarketersMedia

Release ID: 88896999

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