US Internet of Things (IoT) Market By Component (Hardware, Software & Services), By Communication Technology (Short Range, Medium Range, etc.), By End Use Industry (BFSI, Transportation, etc.), Competition Forecast & Opportunities, 2012-2022
Internet of Things (IoT) is a system of interconnected computing devices, machines, etc., that are equipped with unique identifiers and can transfer data over a network without requiring human-to-human or human-to-computer interaction. Anticipated growth in the US IoT market during 2017-2022 can be attributed to growing number of connected devices, rising internet penetration, growing BYOD trend coupled with increasing technological advancements. In addition, with growing adoption of IoT technology in various application areas including smart cities, smart manufacturing, logistics, transportation, etc., demand for IoT services in the US is forecast to grow over the course of next five years.
According to “US Internet of Things (IoT) Market By Component, By Communication Technology, By End Use Industry, Competition Forecast & Opportunities, 2012 – 2022”, Internet of Things market in the US is projected to grow at a CAGR over 14% during 2017-2022. As a market segment, ‘Hardware’ accounts for largest share in the country’s IoT market, followed by ‘Software’ and ‘Services’ segments. Moreover, consumer electronics and transportation sectors dominated the US IoT market in 2016, and the segments are anticipated to continue dominating the country’s IoT market in the coming years as well. Few of the major players operating in IoT landscape in the US include AT&T, Cisco Systems, Microsoft, Oracle, IBM, Intel, Hitachi Data Systems, etc. “US Internet of Things (IoT) Market By Component, By Communication Technology, By End Use Industry, Competition Forecast & Opportunities, 2012 – 2022” discusses the following aspects of Internet of Things (IoT) market in the United States:
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