TMCnet News
Research and Markets - IOT Market in the US - Projected to Grow at a CAGR Over 14% till 2022 - Key Vendors are AT&T, Cisco Systems, Microsoft, Oracle, IBM, Intel & Hitachi Data SystemDUBLIN, Apr. 24, 2017 /PRNewswire/ -- Research and Markets has announced the addition of the "US Internet of Things (IoT) Market, 2012-2022" report to their offering. The Internet of Things market in the US is projected to grow at a CAGR over 14% during 2017-2022. As a market segment, Hardware' accounts for largest share in the country's IoT market, followed by Software' and Services' segments. Moreover, consumer electronics and transportation sectors dominated the US IoT market in 2016, and the segments are anticipated to continue dominating the country's IoT market in the coming years as well. Few of the major players operating in IoT landscape in the US include AT&T, Cisco Systems, Microsoft, Oracle, IBM, Intel, Hitachi Data Systems, etc. Internet of Things (IoT) is a system of interconnected computing devices, machines, etc., that are equipped with unique identifiers and can transfer data over a network withot requiring human-to-human or human-to-computer interaction. Anticipated growth in the US IoT market during 2017-2022 can be attributed to growing number of connected devices, rising internet penetration, growing BYOD trend coupled with increasing technological advancements. In addition, with growing adoption of IoT technology in various application areas including smart cities, smart manufacturing, logistics, transportation, etc., demand for IoT services in the US is forecast to grow over the course of next five years.
Key Topics Covered: For more information about this report visit http://www.researchandmarkets.com/research/2rxgpc/us_internet_of Media Contact: Research and Markets |