According to Goldstein Research, artificial intelligence has a potential to make a huge impact on the economy by revolutionizing many enterprises into digital businesses and simplifying new business models and by improving efficiency. Global Internet of Things market segmentation includes technology component types such as IoT devices, IoT platforms and, Sensors and actuators. Immense researches are running on big data services and machine learning which are some of the major factors driving the growth of internet of things market. According to our analysts IoT has the potential to support total service spending of more than USD 250 billion in the year 2016. Global artificial intelligence market is majorly growing in developed nations owing to rapid digitalization of manufacturing and industrial operations. Acquisition, mergers and collaborations in IT sector helps to lift the growth of IoT market.
Market Segmentation
On the basis of our in-depth analysis, Global Internet of Things Market can be segmented as follows:
• By Components
o Internet of Things (IoT) Devices
 Non-wearable Devices
 Wearable Devices
o Internet of Things (IoT) Platforms
 Connectivity/M2M Platforms
 Infrastructure-as-a-Service (Iaas) Backend Platforms
 Hardware specific software Platforms
 Consumer/Enterprise Software Extension Platforms
o Sensors & Actuators
• By Software
o Data Management S/W
o Network Management S/W
o Security S/W
o Remote Monitoring S/W
o Real Time Streaming Analytics S/W
• By Application
o Smart Homes (e.g. smart thermostats, connected lights, smart appliances, smart door locks)
o Wearables (e.g. smart watch, activity tracker, smart glass)
o Smart City (e.g. smart parking, smart waste management)
o Smart Grid (e.g. smart metering)
o Industrial automation (e.g. remote asset control, workforce monitoring)
o Connected car (e.g. remote car control)
o Connected Health (e.g. Tele-medicine)
o Smart Retail (e.g. smart mirrors)
o Smart Supply Chain (e.g. RFID Trackers)
o Smart Agriculture (e.g. smart watering systems)
• By End-User
o Consumer Electronics Sector
o Transportation & Logistics Sector
o Energy Sector
o Manufacturing Sector
o Healthcare Sector
o Agriculture Sector
o Retail Sector
o Others (Education Sector)
• Impact Analysis (%) of Connectivity Technologies on IoT Market
Cellular
o Wi-Fi
o Bluetooth
o GNSS/Location
o NFC
o Powerline
• By Region
o North America (U.S., Canada)
 Adoption rate (%) of IoT Technology
 No. of Connected Devices
 Competitive Outlook (Major Players)
 Impacting factors (Macroeconomic & Microeconomic factors)
 Growth Drivers & Restraints
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and ROAP)
 Adoption rate (%) of IoT Technology
 No. of Connected Devices
 Competitive Outlook (Major Players)
 Impacting factors (Macroeconomic & Microeconomic factors)
 Growth Drivers & Restraints
o Europe (The UK, Germany, France, Italy, Spain, Hungary, Russia, Poland, Sweden, Netherlands and ROE)
 Adoption rate (%) of IoT Technology
 No. of Connected Devices
 Competitive Outlook (Major Players)
 Impacting factors (Macroeconomic & Microeconomic factors)
 Growth Drivers & Restraints
o Latin America (Brazil, Mexico and ROLA)
 Adoption rate (%) of IoT Technology
 No. of Connected Devices
 Competitive Outlook (Major Players)
 Impacting factors (Macroeconomic & Microeconomic factors)
 Growth Drivers & Restraints
o Middle East and Africa (GCC, North-Africa, South Africa)
 Adoption rate (%) of IoT Technology
 No. of Connected Devices
 Competitive Outlook (Major Players)
 Impacting factors (Macroeconomic & Microeconomic factors)
 Growth Drivers & Restraints
o Rest of the World
 Adoption rate (%) of IoT Technology
 No. of Connected Devices
 Competitive Outlook (Major Players)
 Impacting factors (Macroeconomic & Microeconomic factors)
 Growth Drivers & Restraints
“Global Internet of Things Market Outlook 2024” contains detailed overview of the global internet of things market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by components, by software, by application and by end-users.
Further, for the in-depth analysis, Global Internet of Things Market in BFSI Sector Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as IBM, Microsoft, Google, Intel, Cisco, Ericson, Accenture, Amazon etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global internet of things market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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