Business Description
Internet of Things (IoT) market by Application reached USD 598.2 Billion in 2015 and is expected to reach USD 2.12 Trillion by 2024. A free-flowing conversation between man and machine, software and hardware enabled through the network of physical devices, home appliances, and other items embedded with Softwares, sensors, actuators, electronics and connectivity is termed as the internet of things or internet of everything. Maximize Market Research has carried out extensive research on the current Global Internet of Things (IoT) Market by Application outlook in various fields as well as the assuring future of technology in those sectors. Importantly, the Internet of Things (IoT) Market by Application report delivers forecasts of the market, giving an insight into the future opportunities that exist in the Global Internet of Things (IoT) Market by Application. The driving forces, as well as considerable restraints, have been explained in depth. Based on the end user, the report segments the market broadly in two categories i.e. Business to Consumer (B2C) and Business to Business (B2B). For the applications where services are directly provided to the consumers (B2C) market is divided between sectors such as Home automation, Lifestyle, Health, Mobility and Others. Whereas B2B market is distributed between various industries such as Healthcare, Manufacturing, Banking and Finance Services, Insurance, Agriculture, Public Services, Retail & Wholesale and Others. Though The B2B segment is in dominance for the forecast period, the growth prospect of B2C shows the formidable upward trajectory during the same period. Global IoT Market Share Forecast, By End User 2024 Healthcare and Manufacturing sectors along with Utilities are the key sectors which are going to have lion’s share in a Global Internet of Things (IoT) Market by Application during the forecast years. North America. Europe and the Asia Pacific (APAC) will form three key regions contributing to the global demand of Internet of Things (IoT) Market by Application. Asia Pacific is expected to hold the largest market share as well as is expected to grow at the highest rate with a presence of IT industries along with the surge in IT infrastructure development are acting as some of the major driving factors to boost overall demand. Rapid digitization along with technological dependency and further advancements have acted as key drivers for the growth of the Internet of Things (IoT) Market by Application in APAC and North America. Scope of the Report: Global IoT Application Market, by End User: B2B – Home, Lifestyle, Healthcare, Mobility & Others; B2C - Healthcare, Manufacturing, Banking, and Finance Services, Insurance, Agriculture, Public Services, Retail & Wholesale and Others. Global IoT Application Market, by Geography: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America Key Players Bosch Software innovation Cisco Systems inc General Electric Amazon Microsoft Symantec Huawei Technologies IBM Corporation Intel Corporation Schneider Electric Thingworx Verizon Communications SAP SE Siemens Ericsson Oracle Toshiba Hitachi Gaia Philips At & T Honeywell Orbita Carre Technologies Brethometer Keriton Cowlar Hortau Fieldin Konux PalleTech Elmodis SensEye Constructs Inc DXTR Labs Mirai Mobile Technologies EZ-Robot Inc. Omnitrol SnapBizz SkyBell Deako Success Stories: Key Industry Players General Electric Amazon Honeywell IBM DHL Boeing - Aviation Airbus - Aviation Caterpillar - Manufacturing Gehring - Manufacturing John Deere - Agriculture (Self-driving Tractors) Komatsu - Mining North Star Bluescope Steel Shell - Oil & Gas Rio Tinto - Mining Kuka - robotics
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