Global Internet of Things (IOT) Market 2015-2019
About Internet of Things
The Internet of Things (IoT) is a network of physical tangible objects interconnected through various network technologies. These objects can communicate among themselves and with the external environment when required. IoT facilitates an interconnection of end-user devices and the underlying communication devices. IoT combines hardware, embedded software, communication services, and IT services. IoT helps create smart communication environments such as smart homes, smart shopping, smart transportation, and smart healthcare. The major components of IoT include RFID, WSN, NFC, cloud services, gateways, data storage and analytics, and visualization elements. IoT helps in efficient monitoring and management of numerous interconnected devices.
TechNavio's analysts forecast the Global IoT market to grow at a CAGR of 31.72 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global IoT market for the period 2015-2019. To calculate the market size, the report considers revenue generated from IoT software, solutions, tools, applications, services, support, and maintenance.
TechNavio's report, Global IoT Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global IoT market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Global IoT Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global IoT Market: Alcatel-Lucent SA, AT&T Inc., Cisco Systems Inc. and Ericsson Inc.
Other Prominent Vendors in the market are: Amazon Web Services, Apple, ARM Holdings, Bosch Software Innovations, Freescale Semiconductor, GE, Google, Huawei Technologies, IBM, Intel, Microsoft, Oracle, PTC, Samsung Electronics and Qualcomm.
Commenting on the report, an analyst from TechNavio’s team said: “Expansion of the mobile network infrastructure is one of the trends being witnessed in this market. With 3G and 4G networks expanding rapidly, service providers can provide high bandwidth to customers, which enhance the quality of the IoT service and speeds up data transmission.”
According to the report, the growing number of smart connected devices such as portable navigation devices, media players, and imaging devices has resulted in an increase in the demand for the IoT worldwide. Also, 25 billion devices are expected to be connected to the internet by 2015 and 50 billion by 2020, as predicted by Cisco's IBSG.
Further, the report states that one of the major challenges which hinder market growth is data protection and security concerns. Networks on the IoT have to be highly secure because they transfer critical data. Any unauthorized access to these networks can lead to the theft or manipulation of data, which would hinder the acceptance of the IoT among end-users.
Alcatel-Lucent, AT&T , Cisco Systems, Ericsson, Amazon Web Services, Apple, ARM Holdings, Bosch Software Innovations, Freescale Semiconductor, General Electric, Google, Huawei Technologies, IBM, Intel, Microsoft, Oracle, PTC, Qualcomm, SamsungElectronics