Global IoT Solutions Market, By Solution (Connectivity, Service, Hardware Platform, Analytic Software), Application (Web Security, Network Security, Database & Cloud Security, Email Security, Others), Service (Managed Service, Professional Service), End Users (Wind, Oil & Gas, Solar, Other End Users), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global IoT Solutions Market
The Global IoT Solutions Market was valued at USD 160.8 million in 2017 and is expected to reach USD 553.9 million in 2025, growing at a healthy CAGR of 29.7% for the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global IoT Solutions Market
IoT solutions helps business with critical operations that require integration of system sensor, gateway and cloud solutions. It also provides connectivity, user experience and analytics solutions. The IoT solutions provide fleet & asset management for real-time tracking of assets using sensor interfaces. Small and medium businesses are adopting IoT solutions to increase the scalability and efficiency of their businesses, hence creating opportunities for software solution vendors. The IoT solutions offer various security solutions that include smart homes & connected devices, smart city & business, smart vehicles, etc. These solutions help business to manage and analyse industrial IoT (IIoT) data and also the information encrypting in various data streams that helps in monitoring, reporting and rule-based actions. Hitachi provides Hitachi Digital Supply Chain/IoT (DSC/IoT) and the IoT platform Lumada that inspire for adopting the IoT solution.
- Expansion of wireless networking technologies
- Boom of advanced data analytics and data processing
- Reduction in cost of connected devices
- Enabling technologies for IoT
- Smart home and smart car innovations using IoT solutions
- Data security and privacy concerns
- Interoperability and lack of common standards
- Difficultly in integration among hardware, software, and services
Segmentation: Global IoT Solutions Market
- Hardware Platform
- Analytic Software
- Web Security
- Network Security
- Database & Cloud Security
- Email Security
- Managed Service
- Professional Service
- Oil & Gas
- Other End Users
- North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of MEA
Competitive Landscape: Global IoT Solutions Market
The global IoT solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
On April 2018, Siemens, an IT and telecommunications service provider collaborated with Orange Business Services, an automation company deliver Internet of Things (IoT) solutions for the industrial sector. This collaboration focus on helping businesses to connects their machines and physical infrastructure to the digital world
Key Market Competitors: Global IoT Solutions Market
The key players operating in the global IoT solutions market are –
- GT International
- Davra Networks
- Wipro Limited
The other players in the market are Maven Systems Pvt., Ltd., Accton Technology Corporation, SAP SE, Hortonworks Inc., Accenture, Tego Inc., Symboticware Inc., Gemalto, Alcatel-Lucent S.A., Mnubo Inc., Zebra Technologies, AT&T Inc., Datamatics Global Services, Google, Inc., Jasper, Samsara, Awair Glow, Arrayent, Tata Communications Ltd., and many more.
On April 2018, Siemens, an IT and telecommunications service provider collaborated with Orange Business Services, an automation company deliver Internet of Things (IoT) solutions for the industrial sector. This collaboration focus on helping businesses to connects their machines and physical infrastructure to the digital world.
Research Methodology: Global IoT Solutions Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis to know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global IoT solutions market
- Analyze and forecast the IoT solutions market on the basis of services, end-user, and services
- Trends of key regional and country-level markets for processes, derivative and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis