Global Internet of Things (IoT) Industry Will Grow at a CAGR of 35.97% During the Period 2016-2020

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Albany, NY -- (SBWire) -- 07/08/2016 --IoT is a network of physical devices, sensors, and machines integrated into everyday objects connected through the Internet for effective data communications. IoT creates smart communication environments, such as smart healthcare. IoT enhances operational efficiency by increasing the speed of communications compared to the existing infrastructure, thus improving business productivity in any industrial setup. It focuses on improving the process capabilities by enabling real-time business decisions with data storage and computing capacity at the basic sensor level. We expect that IoT will likely have a positive impact on industries such as healthcare, manufacturing, retail, energy and utilities, transportation and logistics, and ICT.

Technavios analysts forecast the global internet of things (IoT) market to grow at a CAGR of 35.97% during the period 2016-2020.

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Covered in this report
The report covers the present scenario and the growth prospects of the global internet of things (IoT) market for 2016-2020. To calculate the market size, we consider revenue generated from IoT software, solutions, tools, applications, and support and maintenance services. We consider revenue generated from radio frequency identification (RFID), near field-communication (NFC), and other platforms used in IoT systems for estimating the market size. However, the report does not consider the sales of hardware systems and devices used in the IoT setup.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

New report, Global Internet of Things (IoT) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Alcatel-Lucent
AT&T
Cisco Systems
Qualcomm

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Other prominent vendors
Accenture
Amazon Web Services (AWS)
Apple
ARM Holdings
ATMEL
Atos
Bosch Software Innovations
Broadcom
CTS
Dell
Digi International
Echelon
Ericsson
Freescale Semiconductor
GE
Google
Hitachi
HP
Huawei Technologies
IBM
Infosys
Intel
Juniper Networks
Microsoft
National Instruments
NEC
Oracle
PTC
Rockwell Automation
Samsung Electronics
SAP
Schneider Electric
Siemens
Symantec
TCS
Tech Mahindra
Telefonica
Texas Instruments
Tieto
Verizon Communications
Zebra Technologies

Market driver
Developments in sensor technologies and communication devices
For a full, detailed list, view our report

Market challenge
High costs of implementation
For a full, detailed list, view our report

Market trend
Growing demand for big data analytics
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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View this press release online at: http://rwire.com/705018