Connected IoT Devices Market 2019 Global Analysis, Emerging Technologies, Development Status, Regional Trends, Sales Revenue, Competitive Landscape and Industry Outlook 2023

Market Research Future published a research report on “Connected IoT Devices Market Research Report - Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Overview

Connected IoT devices refer to a linkage of devices, electronics, sensors, actuators, and others which enable objects to connect and exchange data. The global IoT connected devices market is expected to expand at a noteworthy CAGR of 19% over the forecast period of 2017-2023, projects Market Research Future (MRFR) in a detailed study.

IoT is a set of technologies and applications which focus on aggregation and use of information from several devices. The growth of the global Connected iot Devices Market is driven by a rise in the use of connected devices, both on ten consumer side as well as on the enterprise side. Increasing adoption of IoT across various industry verticals including healthcare, power and transport, manufacturing, production & logistics, and others. Rising initiatives across multiple countries towards building smart homes, smart buildings and smart cities equipped with state-of-the-art communication capabilities and seamless connectivity presents lucrative growth opportunities to the global connected IoT devices market. Government initiatives in various developing and developed countries towards digitalization can be cited as a major driver for the growth of the global connected IoT device market. The global connected IoT devices market is still in its embryonic stage and has attracted massive investment from industry giants for the development of component, solutions, products or services with broad capabilities which resonates strong growth in the global connected IoT devices market. Furthermore, the growing trend of bring your own device (BYOD), the proliferation of intelligent connected devices and the adoption of cloud computing are other factors stimulating the growth of ten global connected IoT devices market. Despite having a significant opportunity to gain mass adoption, interoperability and interconnectivity issues, and security concerns remain significant hurdles to the growth of the global connected IoT devices market.

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The global connected IoT devices market is segmented by component, deployment, and application. Based on the component, the market is segmented into solution and service. The solution segment is further classified into data management, remote monitoring, real-time streaming analytics, security solutions and, network bandwidth management. Whereas, the service segment is further classified into professional services and managed services. The professional services segment is further classified into consulting services, integration services, and support and maintenance. Based on the deployment, the market is segmented into a private cloud, public cloud, and hybrid cloud. Whereas, based on the application, the market is segmented into smart homes, smart manufacturing, smart utilities, smart retail, connected health, connected logistics, and others.

Key Players:

Some of the prominent players in the global connected IoT devices market are Advantech Co., Ltd. (Taiwan), Aeris Communication, Inc. (U.S.), Amplia Soluciones (Spain), Cumulocity GmbH (Germany), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), PTC Incorporation (U.S.), Smith Micro Software, Inc. (U.S.), Telit Communications PLC (Italy), Wind River Systems (U.S.), Xively (U.S.), Samsung Electronics Co. Ltd. (South Korea), Motorola Inc. (U.S.), Nokia Solutions Network (Finland), LG Corporation (South Korea), Hewlett-Packard (U.S.), HTC Corporation (Taiwan), Apple Inc. (U.S.), Dell Inc. (U.S.) and others.

Regional Analysis:

The global connected IoT devices market is studied in Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Europe is projected to grow at the fastest rate during the forecast period. The North American market growth is attributed to technological advancements and increased adoption of mobile devices enabled with NFC services across various industry verticals.

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Intended Audience

• Technology Investors
• Research/Consultancy firms
• Technology Solution Providers
• Government Bodies
• IoT devise management solution vendors
• System integrators
• Regulatory agencies
• Investors and venture capitalists

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Name: Abhishek Sawant
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Organization: Market Research Future

Release ID: 504392