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Internet of Things (IoT) Market 2019 Global Opportunity Analysis and Industry Forecast, 2022
[June 19, 2019]

Internet of Things (IoT) Market 2019 Global Opportunity Analysis and Industry Forecast, 2022


According to a new market research report " Internet of Things (IoT) Market by Software Solution (Real-Time Streaming Analytics, Security Solution, Data Management, Remote Monitoring, and Network Bandwidth Management), Service, Platform, Application Area, and Region - Global Forecast to 2022” ", published by MarketsandMarkets™, The IoT market size is expected 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% from 2019 to 2022.



The major forces driving the IoT market include the adoption of cloud Platform as a Service (PaaS). Moreover, the advent of advanced data analytics and data processing is also fueling the growth of the IoT market, as advanced analytics and data processing are useful in deriving results from the high volumes of data collected using the machine-to-machine communication.

Browse and in-depth TOC on “Internet of Things (IoT) Market” 60- Tables 48 - Figures 162 - Pages Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=573 The Internet of Things (IoT) 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 IoT 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.


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 IoT 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 IoT 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/PressReleases/iot-m2m.asp About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: Mr. Shelly Singh MarketsandMarkets™ INC.

630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com

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