IoT Asset Management Market
IoT Asset Management Market Size and Growth
The IoT Asset Management market is experiencing robust growth, driven by increasing demand for real-time tracking and optimization of assets. In 2023, the market size is estimated to reach approximately $19 billion, with a projected compound annual growth rate (CAGR) of over 20% through 2028, reflecting the rise of smart technologies.
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Companies Covered
(Covid 19 Impact Covered)
◍ Verizon
◍ AT&T
◍ Perficient
◍ Oracle
◍ Crayon Group
◍ IBM
◍ Calsoft Inc.
◍ NFC Group
◍ SAP
◍ RapidValue
◍ Siemens
◍ Accenture
◍ Alcatel-Lucent
◍ Cisco Systems
◍ KloudData
The IoT Asset Management Market features key players like Verizon, AT&T, and IBM, enhancing asset tracking through IoT solutions. Oracle and SAP optimize data management, while Accenture and Cisco provide consulting services. Revenues in 2022 included Verizon ($136 billion), IBM ($60 billion), and Oracle ($42 billion).
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Market Segmentation
By Application
Aerospace and Defense
Power ◍ Retail
◍ Pharmaceutical and Healthcare
◍ Transportation and Logistics
◍ Industrial Manufacturing
◍ Others
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By Product
Hardware
Software
Service
$ 61.34 Billion
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