According to a new market report published by Credence Research, Inc. “Internet of Things Market By Type (Hardware, Software, Service), By Software (Data Management, Security, Analytics, Communication, Other Software), By Service (Consulting, Implementation & Integration, Operation Management, Other Services), By Deployment Model (On-premise, Cloud-based), By End-User Vertical (Consumer Vertical, B2B Vertical), By B2B Vertical (Public Sector, Retail, BFSI, Healthcare, Manufacturing, Energy & Utility, IT & Telecom, Transportation) - Growth, Share, Opportunities & Competitive Analysis, 2016 -2023”, The global Internet of Things market is expected to see steady growth, growing at a CAGR of more than 19 per cent from 2016 to 2023.

Browse Full Report at https://www.credenceresearch.com/report/internet-of-things-iot-market

Market Insights

Growing digitalization of business models both front-end and back-end across major end-user verticals and increasing government initiatives and support for the deployment of IoT technologies in small and medium-sized enterprises are driving the growth of the Internet of Things market worldwide. However, high costs associated with the deployment of connected devices and smart systems hinder market growth, particularly in developing regions such as Asia-Pacific and Latin America.

Competitive insights:

The global market for goods is fragmented in nature, with top players accounting for less than 40% of the market share of overall market revenue. Currently, Microsoft Corporation, IBM Corporation and Google Inc. are the dominant players in the global market for the Internet of Things. These players follow the strategy of acquiring regional players in order to enter an untapped market and increase the customer base. Key vendors also focus on entering into a strategic partnership to develop and implement industry-specific IoT platforms and solutions to gain first-mover advantage. IBM Corporation, Cisco Systems, Inc., Google Inc., Hewlett-Packard Company, Microsoft Corporation, Accenture PLC, Oracle Corporation, SAP S.E., General Electric (GE), and Telefonica S.A. Key Trends: • Growing adoption of a cloud-based IoT solution and platform to increase competition among market players• Large selling of IoT solutions and platforms•

You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/57847

Report Scope by Segments

By Deployment Type

On-premise
Cloud-based

By End User Vertical Type

Consumer Vertical
B2B Vertical
Public Sector
Retail
BFSI
Healthcare
Manufacturing
Energy & Utility
IT & Telecom
Transportation

By Services Type

Consulting
Implementation & Integration
Operation Management
Repair & Maintenance
Other Service

By Software Type

Data Management
Security
Analytics
Communication
Other Software

By Geography Segment

North America (the U.S., Rest of North America)
Europe (U.K., Germany, France, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
Rest of the World (the Middle East & Africa, Latin America)

Blog Medium: https://medium.com/@kumarganesh028/internet-of-things-market-size-share-growth-trends-analysis-and-forecast-2016-to-2023-8fff3d3ef8f5