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Covid-19 Impact on Internet of Things Market by Components, Vertical and Region - Global Forecast 2021NEW YORK, April 30, 2020 /PRNewswire/ -- North America to record the highest market share in the impact of COVID-19 on Internet Of Things market in 2019 North America holds the largest market share in the impact of COVID-19 on Internet Of Things solutions across the major verticals.COVID-19 has severely affected the North American region due to various factors, such as the high number of immigrants traveling in the region, no initial stage lockdown in the country, and presence of a large number of virus carriers in the country at once, spreading the disease at a rapid pace. The region majorly consists of two countries: the US and Canada. North America has been a major adopter of IoT, and that can be attributed to various factors, such as the presence of two large economies, the US and Canada in the region, large scale internet penetration, and the presence of major IoT solution providers in the region.The major sectors in the region that are facing major challenges amidst the virus outbreak are utilities, healthcare, BFSI, and telecom sectors. However, the application of IoT is much larger in the former two sectors, such as utilities and healthcare.The state of the utility sector is extremely well-established in the North American region due to large scale implementation of smart utilities. Electricity, water, and gas utilities are the major consumers of IoT in the North American region. Due to many inactive commercial zones and industries, the consumption of electricity and water has been reduced in the region due to which there is a fear of demand reduction of power supplies and water supplies. However, in the domestic sector, with the implementation of the lockdown and stay-at-home order, various IoT applications, such as usage monitoring, remote worker monitoring, pressure and leak management, analytics, data security, are being critically implemented to ensure smooth operations of utilities in the domestic sector facing sudden demand surge. In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the Internet Of Things market. • By Company Type: Tier 1 – 45%, Tier 2 – 35%, and Tier 3 – 20% • By Designation: C-level – 25%, Directors – 40%, and Others – 35% • By Region: North America – 40%, Europe – 35%, APAC – 20%, and RoW– 5% Key market players profiled in this report include IBM (US), Royal Phillips (Netherlands), Stanley Healthcare (US), Microsfot (US), Oracle (US), Bosch (Germany), CloudMinds (US), XAG (China), CBT (US), PTC PTC (US), Rockwell Automation (US), Honeywell (US), GE Digital (US), Intel (US), Siemens (Germany), Ericsson (Sweden), Hitachi Vantara (US), ABB (Switzerkland), NEC Corporation (Japan), Telit (UK), Sierra Wireless (Canada), Itron (US), Arad Group (Israel), Cisco (US), Medtronic (Ireland), SAP (Germany), Software AG (Germany) AWS (US), Softweb Solutions (US), Google (US), hIOTron (India), Sony(Japan), Capgemini (France), Adobe (US), NTT Communications (Japan), Happiest Minds (India), Vodafone (UK), TCS (India), DXC (US), Infosys (India), Verizon (US), Service Group (US), Cognizant (US), and Accenture (Ireland). These players have adopted various growth strategies, such as partnerships and new service launches, to expand their presence further in the impact of COVID-19 on the Internet Of Things market and broaden their customer base. Research coverage The market study covers the impact of COVID-19 on the Internet Of Things market across different segments.It aims at estimating the market size and the growth potential of this market across by technology segment (software solution, platforms, and services), vertical (BFSI, healthcare, manufacturing, retail, transportation, utilities, and government and defense), and region. The study also includes an in-depth analysis of the key market players, key observations related to product and business offerings, recent developments, and key market strategies. Key benefits of buying the report The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall impact of COVID-19 on the Internet Of Things market and its segments.This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and to plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities. Read the full report: https://www.reportlinker.com/p05889777/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001
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