Global Internet of Things (IoT) Market to Cross the US$ 2 Trillion Mark by 2023: Credence Research
New Market Research Reports "Global Internet of Things (IoT) Market to Cross the US$ 2 Trillion Mark by 2023: Credence Research" Has Been Added to the CredenceResearch.com Report Database.
San Jose, CA, June 11, 2016 --(PR.com)-- According to a new market research report published by Credence Research “Internet of Things (By Component – Sensing Devices, Network Connectivity, IT Solutions & Services and IoT Platforms) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023,” the global Internet of Things (IoT) market was valued at US$ 690.43 Bn in 2015 and is estimated to expand with a CAGR of 15.7% from 2016 to 2023.
Browse the full report at http://www.credenceresearch.com/report/internet-of-things-iot-market
Market Insights:
Internet of Things (IoT) refers to a network of different physical objects including electronic devices, automobiles, buildings and other objects equipped with the IoT network component. The concept of IoT works on the principle of connecting various types of objects that can be assigned with an internet protocol (IP) address. The IoT infrastructure is designed to allow an object in the network to be monitored and controlled remotely thereby achieving a higher level of integration. The objects in the IoT network are connected using wireless communication technology.
The IoT market is highly driven by the ever rising penetration of mobile devices such as smartphones and tablets along with the deepening penetration wireless communication services. With further rising penetration mobile devices and advancement in the wireless communication technology, the IoT market is predicted to register high growth in the coming years. Additionally, the IoT market is strongly driven by the rising development of smart grids, smart homes and smart cities.
Nevertheless, the IoT market is strongly hindered due to lack of standardization in the industry and issues related to the data privacy and security. Large number of devices connected in the IoT infrastructure generates huge volumes of data which attracts various security attacks. This is among the serious concerns for the global IoT industry.
Browse All Reports of This Category @ http://www.credenceresearch.com/industry/technology-and-media
Competitive Insights:
The global Internet of Things is highly competitive in nature with numerous technology giants trying to increase their footprint in the market. The IoT market is highly technology driven and hence it becomes essential for the IoT service vendors continue the advancement of their solutions. The companies are focused on providing of IoT platforms, majorly as a complete suite. Companies such as Microsoft Corporation, Google, Inc., Cisco Systems, Inc., IBM Corporation, Samsung Electronics Co., Ltd. and others are investing significantly for marking their presence in the market.
Key Trends:
-Focus on development of comprehensive IoT platform suites
-Cloud-based services for communication in the IoT ecosystem
-Strong investment by major technology and telecommunication companies in the IoT sector
-Rising penetration of connected devices
-Acquisition and partnerships for entering/strengthening the position in the market
Blog URL - http://www.mobilecomputingtoday.co.uk/3672/global-internet-things-iot-market-cross-2-trillion-mark-2023-credence-research/
About Credence Research:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
For More Information, Visit: http://www.credenceresearch.com/
Media Contact
Company Name: Credence Research
Contact Person: Chris Smith,
Designation: Global Sales Manager
Phone: 1-800-361-8290
Address: 105 N 1st ST #429, San Jose,
CA 95103
E-mail: sales@credenceresearch.com
Browse the full report at http://www.credenceresearch.com/report/internet-of-things-iot-market
Market Insights:
Internet of Things (IoT) refers to a network of different physical objects including electronic devices, automobiles, buildings and other objects equipped with the IoT network component. The concept of IoT works on the principle of connecting various types of objects that can be assigned with an internet protocol (IP) address. The IoT infrastructure is designed to allow an object in the network to be monitored and controlled remotely thereby achieving a higher level of integration. The objects in the IoT network are connected using wireless communication technology.
The IoT market is highly driven by the ever rising penetration of mobile devices such as smartphones and tablets along with the deepening penetration wireless communication services. With further rising penetration mobile devices and advancement in the wireless communication technology, the IoT market is predicted to register high growth in the coming years. Additionally, the IoT market is strongly driven by the rising development of smart grids, smart homes and smart cities.
Nevertheless, the IoT market is strongly hindered due to lack of standardization in the industry and issues related to the data privacy and security. Large number of devices connected in the IoT infrastructure generates huge volumes of data which attracts various security attacks. This is among the serious concerns for the global IoT industry.
Browse All Reports of This Category @ http://www.credenceresearch.com/industry/technology-and-media
Competitive Insights:
The global Internet of Things is highly competitive in nature with numerous technology giants trying to increase their footprint in the market. The IoT market is highly technology driven and hence it becomes essential for the IoT service vendors continue the advancement of their solutions. The companies are focused on providing of IoT platforms, majorly as a complete suite. Companies such as Microsoft Corporation, Google, Inc., Cisco Systems, Inc., IBM Corporation, Samsung Electronics Co., Ltd. and others are investing significantly for marking their presence in the market.
Key Trends:
-Focus on development of comprehensive IoT platform suites
-Cloud-based services for communication in the IoT ecosystem
-Strong investment by major technology and telecommunication companies in the IoT sector
-Rising penetration of connected devices
-Acquisition and partnerships for entering/strengthening the position in the market
Blog URL - http://www.mobilecomputingtoday.co.uk/3672/global-internet-things-iot-market-cross-2-trillion-mark-2023-credence-research/
About Credence Research:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
For More Information, Visit: http://www.credenceresearch.com/
Media Contact
Company Name: Credence Research
Contact Person: Chris Smith,
Designation: Global Sales Manager
Phone: 1-800-361-8290
Address: 105 N 1st ST #429, San Jose,
CA 95103
E-mail: sales@credenceresearch.com
Contact
Credence Research
Chris Smith
1-800-361-8290
http://www.credenceresearch.com/
105 N 1st ST #429, San Jose, CA 95103
Chris Smith
1-800-361-8290
http://www.credenceresearch.com/
105 N 1st ST #429, San Jose, CA 95103
Contact
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