Albany, NY -- (SBWIRE) -- 12/20/2018 -- The global market for emerging technology trends is anticipated to witness a strong demand in 2018, owing to the advent of Internet of Things in various industries. Introduction of internet of things in various industries due to several number of benefits associated with it predicted to help the industries to attain maximum efficiency. ResearchMoz.us in a report titled, "Global Emerging Technology Trends Survey 2018: Focus on the Internet of Things - Thematic Research", provided an in-depth value chain analysis. The report provides various market dynamics such as trends, restraints, and opportunities which are predicted to have a significant impact on the market the report also provides company profiles of several key players in the market.
It has been noted that increasing adoption of internet of things is driven by the rising use of machine learnings and advanced analytics to understand and use hundreds and millions of data from various connected devices. Rapid advancement in the processing methods and data security technologies in different pockets of the world is helping the IoT to reach new heights in a very short span of time.
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In recent years, the introduction of cloud based services have proved to be boon for the IoT things market. In recent years, increasing preferences for a cloud based services for transfer of information and storage of staggering volumes of data in comparison to the conventional systems has significantly helped IoT data more useful particularly for small and medium size enterprises. Cloud based services have provided assurance among the end users to use cloud based services as it comes with several benefits such as huge space to store and data and accessing it at any point of time.
In recent times, adoption of artificial intelligence in various industries such as automobile industry, pharmaceutical industry, and smartphone industry have increased the real-time use of IoT data. Rapid advancement in wireless networking technologies for convenience sake, is helping to adopt IoT devices. Rising demand for smart houses, smart factories, and smart cities in both developed as well developing region is aiding IoT market to flourish. Of these, numerous factory owners have already signed off for converting their factories into smart factories which will increase their productivity and efficiency. Numerous state governments have laid down project for smart cities which is likely to consume electricity efficiently. Smart cities which were once a concept have become reality now, only because of internet of things solutions.
On the basis of geography, Europe is witnessing a strong emerging technology trends due to presence of numerous players in the market. However, Asia Pacific is adopting internet of things at a fast rate due to rapid industrialization and urbanization.
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