Press Release

Internet of Things Market Size, Global Trend and Industry Analysis By Applications and Leading Companies, Forecast By 2026

Top Players in Internet of Things Market are Google, Intel Corporation, Microsoft Corporation, Cisco, Apple, Oracle Corporation, The Hewlett-Packard Company, Facebook, Dell Technologies

Organizations around the world are increasingly adopting advanced technologies, which is driving the global internet of things (IoT) market.  Fortune Business Insights in a report, titled “GLOBAL INTERNET OF THINGS (IOT) MARKET: GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2019-2026” states that IoT technology holds significant potential in the ICT sector. As per the report, the global market was valued at US$ 190.0 Bn in the year 2018 and is anticipated to reach US$ 1111.3 Bn by 2026. The analysts in the report predict that the global market will expand at a ferocious CAGR of 24.7% throughout the forecast years.

Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/internet-of-things-iot-market-100307

Top Key Players Mentioned:

  • Google LLC
  • Intel Corporation
  • Microsoft Corporation
  • Cisco Systems, Inc.,
  • Apple Inc.,
  • Oracle Corporation
  • The Hewlett-Packard Company
  • Facebook, Inc.,
  • Dell Technologies.

BFSI Segment Leads the Market by Covering 21.1% Share

Banking and Financial Institutions (BFSI) accounts for the majority of share in the global IoT market. This segment offers ample growth opportunities as the demand for IoT solutions in the banking sector is increasing rapidly. Customer relationship with banks has transformed over the years with this new ear of connectivity. Adoption of IoT in banking helps to make faster payments and enhances operational efficiency. Not only this, IoT technology allows credit and debit cardholders to easily access banking services. Moreover, several banking firms are planning to use this technology in order to improve the banking experience of their customers by making it more personal. According to the report, in 2019, the BFSI segment holds a share of 21.1% in the global market. With the increasing adoption of cloud computing solutions, the BFSI sector is expected to rise at a substantial share during the forecast period.

Get PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/internet-of-things-iot-market-100307

Growing Demand for Smart Devices in Canada and the U.S. Drives the Market in North America

In 2018, the market in North America covered US$ 83.9 Bn. The region is anticipated to lead the global IoT market through the forecast period. Large-scale adoption of technologies such as Cloud computing and Artificial Intelligence (AI) in this region contributes to the growth of the market.  Several mergers and acquisitions (M&A) between leading players and IT companies in North America is another factor driving the market.  Apart from North America, other regions such as Asia Pacific and Europe are expected to grow considerably in the forecast years.

Mounting Demand for Real-time Data Offers Fillip to the Market

“IoT technology offers digital transformation to organizations by either upgrading their existing processes or creating a new one,” states a lead analyst at Fortune Business Insights. “Small-scale enterprises are also adopting IoT solutions with an aim to enhance their productivity and cost-efficiency,” he added. IT industry is aggressively adopting cloud-based solutions to gain easy access to enormous amounts of data. This will further provide significant impetus to the market. The demand for real-time data among businesses is increasing at an exponential rate. This, coupled with increasing penetration of automation, is expected to create growth opportunities for the market by 2026. By adopting the internet of things (IoT) solutions, enterprises can gain real-time insights into their business, which can eventually enhance their decision-making processes. IoT offers several software solutions which include security, remote monitoring, network band management, and real-time streaming analytics. Against this backdrop, the demand for IoT applications is likely to increase over the next few years.

Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/internet-of-things-iot-market-100307

Apple, Dell, Cisco are Among the Leading Players in the Market

Key players in the global IoT market are Using IoT platforms such as application management, device management, and network management to sustain the market. Google LLC, Cisco Systems, Inc., The Hewlett-Packard Company, Microsoft Corporation, Dell Technologies, Apple Inc., Oracle Corporation, Facebook, Inc., and Intel Corporation are some of the leading companies in the global market. These companies are increasingly using cloud-computing networks across several platforms. Some companies are likely to invest in research and development (R&D) activities in order to develop innovative IoT solutions. Such activities are expected to help companies gain an edge over the competition.

Related Reports:

Electric Motor Market Size, Share & Industry Analysis, By Motor Type (AC Motors, DC Motors, Hermetic Motors), By Power Output (Fractional Horsepower (Up to 1HP), Integral Horsepower (Above 1HP)), By Voltage (Up to 1 kV, 1 kV-6.6 kV, Above 6.6 kV), By Application (Industrial Machinery, Motor Vehicles, Electrical Appliances, Others), By End-User (Industrial, Commercial, Residential, Agriculture) and Regional Forecast, 2019-2026

Solid Oxide Fuel Cell Market Size, Share & Industry Analysis, By Application (Stationary, Transport, Portable), By End-User (Commercial, Data Centers, Military & Defense, Others), and Regional Forecast, 2019-2026

AC Drives Market Size, Share & Industry Analysis, By Power Rating (Low Power Drives, Medium Power Drives, and High Power Drives), By Voltage (Low Voltage and Medium Voltage), By Application (Pumps, Conveyors, Compressors, Electric Fan), By End-User (Food & Beverage, Oil & Gas, Power Generation, Building Automation, Metal & Mining, Water & Wastewater, Chemical & Petrochemicals) and Regional Forecast, 2019-2026

Power Rental Market Size, Share and Industry Analysis By Rating (Below 75 KVA, 75 – 375 KVA, 375 – 750 KVA, Above 750 KVA), By Fuel Type (Diesel, Natural Gas and LPG, Others), By Application (Continuous, Stand By, Peak Load), By End-Use (Mining, Construction, Utility, Events, Manufacturing, Oil and Gas, Others) and Geography Forecast, 2019 – 2026

About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

Contact:
Name: Ashwin Arora
Email: [email protected]
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245

Tags

Jose Gonzales

Jose works as the head of the communication devices column. He manages his works profusely. His knowledge of the field is vast, and this intrigues him to write quality articles. His articles are enriched in information and quite interesting to read. He knows how to turn boring facts to readable data. Our readers very much love his articles. It has been 6 years since he has joined this organization and we have never regretted taking him.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close