According to the new market research report, “Internet of Things (IoT) Market, by Type (Intelligent System, Software, Service), Software (Security, Data Management, Analytics, Communication), Services (Consulting, Integration & Implementation, Outsourcing, Repair & Maintenance Services), End-user (Public Sector, BFSI, Retail, Healthcare, IT & Telecom, Media & Entertainment, Energy & Utility, Transportation) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022“, published by Scalar Market Research, the global Internet of Things (IoT) market is expected to grow at a CAGR of 12.6%. At the estimated growth rate the Internet of Things (IoT) market is expected to grow from USD 1,470.8 billion in 2016 and reach USD 2,995.2 billion by 2022.
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The global Internet of Things (IoT) market report offers in-depth analysis about the market size (revenue), market share, major market segments, global geographies, forecast, key players, and premium trends. It also focuses on the key drivers and opportunities in this market.
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Few key findings of the report:
The report segments the global Internet of Things (IoT) market based on the types, services, software, and end-users. By the types, the market is segmented into software, services, and intelligent services. By services, the market is segmented into integration & implementation, consulting, repair & maintenance, and outsourcing. By software, the Internet of Things (IoT) market is segmented into analytics, data management, security, communication, and analytics.
North America is expected to be the largest geographic region. Asia-Pacific region is set to become the fastest-growing geographic segment in the market. Growth in demand, advancing technologies and increased investment in the region are expected to be the major driving factors for the market in this particular region. The report suggests that Internet of Things (IoT) market is expected to create potential investment opportunities for the emerging players in the industry.
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The key players analyzed in the Internet of Things (IoT) market report include:
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