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Connected IoT Devices Market Research Report- Forecast 2023

Connected IoT Devices Market Research Report- Forecast 2023

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Connected IoT Devices Market Research Report- Forecast 2023

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Connected IoT Devices Market Research Report- Forecast 2023

Summary Connected IoT devices refer to a network of physical devices, home appliances, vehicles and other electronics, sensors, and actuators that enable objects to connect with each other and send & receive data. It comprises of various application areas including

consumer

applications,

infrastructure

management,

enterprise

management, and others. Technology giants such as IBM Corporation, Microsoft Corporation, Oracle Corporation, and PTC Incorporation are some of the major players in the global Connected IoT Devices Market. IBM Corporation has launched IoT for electronics, which ingests device data and transforms that data into meaningful insights, which can help optimize processes and provide new guided designs. The IoT for electronics focuses on controlling and analyzing connected electronics, enhancing product development, and integrating enterprise asset management with IoT devices. Whereas, Oracle Corporation focuses on providing solutions for a connected world by providing end to end solutions. Increasing demand for mobile applications and growing popularity of connected things are other major factors driving the growth of the global connected IoT devices market. Furthermore, increasing adoption of bring your own device and carry your own device is boosting the growth of the market. The proliferation of intelligent connected devices is one of the major factors driving the growth of the connected IoT devices market. The global connected IoT devices market is expected to grow at a CAGR of approximately 19% during the forecast period 2017-2023.

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Connected IoT Devices Market Research Report- Forecast 2023

Major Key Players:  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.),

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Connected IoT Devices Market Research Report- Forecast 2023

Segmentation: 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.

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Connected IoT Devices Market Research Report- Forecast 2023

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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Connected IoT Devices Market Research Report- Forecast 2023

(Germany) are focusing on the digital utilities transformation. P a g e |7

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Connected iot devices market  

Global Virtual Reality for Consumer Market, by Component (Hardware, Software, Solutions), Technology (3D Audio, 3D Depth Sensors, 4K & 8K Vi...

Connected iot devices market  

Global Virtual Reality for Consumer Market, by Component (Hardware, Software, Solutions), Technology (3D Audio, 3D Depth Sensors, 4K & 8K Vi...

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