Feb 19, 2019
Global IoT Services and Solutions Market Report provides CAGR Value, Leading Key Players, Analysis by Software Solution, by Service, by Application, by Regions.
Dublin, United States - February 19, 2019 /MarketersMedia/ —
The global IoT services and solutions market is projected to witness a double-digit growth rate in the coming years until 2023. Much of this development is attributed to the rising penetration of internet services worldwide. More than 3.5 Bn users were recorded across the globe in 2018, and most of them were based in South and East Asia. China is the largest market for internet services across the globe. China had an excess of 750 Mn internet users, which is more than double the number of internet users in the United States. India is ranked second in terms of the number of internet users.
In addition to this, the rising demand for wearables and connected devices among consumers is another major factor to push the market growth at present. Development of wireless technologies, the introduction of advanced data analytics, an increase in the usage of the cloud platform, and a decrease in the cost of connected devices is resulting to the overall market growth. The Internet of things has helped several organisations to optimize the outcome from businesses and increase their operational efficiency. However, concerns related to the security of data, as well as privacy concerns are the major factors that are restraining the global IOT services and solutions market. But, IOT traction among the small and medium scale industries is expected to generate opportunities in the market during the forecast period.
Ask for a sample copy of this report at https://www.inforgrowth.com/samplerequest/r/1011945/global-iot-services-and-solutions-full-report-by-software-solution-security-solution-real-time-streaming-analytics-data-management-network-bandwidth-management-remote-monitoring-system-by-service-depl
Recent Developments in the Market:
Smart Retail: In Dec 2018, Intel and online Chinese platform JD.com launched a joint lab that will explore the use of IoT in the smart retail solution. The new launch will develop next generation media solution, vending machines, and technologies that will be used in stores in the coming years.
Asia Pacific: In Dec 2018, China launched seven small satellites for Internet of Things. The strategic launch is expected to serve field emergency rescue, wildlife protection, vehicle and ship monitoring, and logistics tracking.
Microsoft: In Jan 2019, Microsoft and The Kroger Co. are looking to bring a new retail-as-service product to the market. The strategic merge will improve the shopping experience for millions of customers at both Kroger and other retailers across the globe, thus setting a new standard for innovation in the industry
Key Questions Answered in the Report:
What is the market value of the overall market and its segments?
What are the key segments and sub-segments in the market?
Which is the largest sub-segment in each segment in the scope of the study?
What are the key drivers, restraints, opportunities, and challenges in the market and how are they expected to impact the market?
What are the attractive segments and geographies to invest in?
What is the market value at the regional and at the country level?
Who are the key market players and their key competitors?
Who are the key market players at different stages of the value chain?
What are the strategies for growth adopted by the key players in the market?
How does a particular company rank against its competitors with respect to revenue, profit comparison, operational efficiency, cost competitiveness, and market capitalization?
How financially strong are the key players in the market (on the basis of revenue and profit margin, market capitalization, expenditure analysis, investment analysis)?
What are the recent trends in the market? (M&A, partnerships, new product developments, expansions)
Enquire more about this report at https://www.inforgrowth.com/enquiry/r/1011945/global-iot-services-and-solutions-full-report-by-software-solution-security-solution-real-time-streaming-analytics-data-management-network-bandwidth-management-remote-monitoring-system-by-service-depl
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Source: MarketersMedia
Release ID: 483825
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