Internet Of Things (Iot) Market – Covid-19 Impact, And Forecasts (2022 – 2028)
The Internet of Things (IoT) Market is valued at USD 156.58 Billion in 2021 and is anticipated to reach USD 693.94 Billion over the forecast period 2028, at a CAGR of 23.7%.
Internet of things platforms and solutions & services provided by the key players, such as – AT&T, Inc. have been offering solutions such as deployment services, vehicle solutions, integrated solutions, smart cities, and others. Cisco Systems, Inc. provides solutions, such as network connectivity, data control and exchange, connectivity management, edge computing. Siemens AG provides industrial edge, digital twin, and others solutions.
Market Overview & Coverage:
Internet of Things (IoT) is a system of interconnected devices dedicated to performing a single or a set of functions. Networking technology connects various devices embedded via software, electronics, sensors, and wireless chips, within a system. IoT plays a vital role in building smart communication environments like smart homes, smart transportation, smart healthcare, smart shopping, and so on.
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Segmentation Of Internet of Things (IoT)Market:
In market segmentation by Technology, Internet of Things (IoT)Market report covers:
Cloud, Zigbee, Transport Systems, RFID
In market segmentation by Application, Internet of Things (IoT)Market report covers:
Manufacturing, BFSI,IT & Telecom, Retail, Healthcare, Logistics, Education
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Players Covered in Internet of Things (IoT) Market are:
- General Electric
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Benefits Of Internet Of Things :
Because IoT devices can track a variety of environmental factors in real-time, Internet of Things deployments offer many benefits to companies:
- Real-time, remote data monitoring
- Easy user-level data access through IoT software
- Security and safety tracking
- Resource tracking and management
- Automation of manual tasks
- Catered marketing and customer service engagement
- A complete analysis of the market, including the parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
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