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Global Internet of Things Market Presents an All-Inclusive Development Trends, Driving Factors, Restraints, Opportunities 2018-2023

(CityRegions.Com, May 26, 2018 ) The study of Global Internet of Things Market 2018 provides the market size information, In-Depth Analysis along with Competitive Insights and Segmentation.

The global Internet of Things market is expected to register a CAGR of 21% during the forecast period of 2018–2023 The scope of the report is limited to solutions including monitoring, attainment, operational, and life, services including managed, and professional, and end users including automobile, manufacturing, energy, retail, healthcare, and others The regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa The study also emphasises the benefits of implementation of the Internet of Things by diverse industries and the prospect of the same

Internet of Things helps in connecting various smart devices to ease the operation and sharing of data amongst the peers There are various smart devices, such as sensors, smartphones, and wearables, which collect data from the devices that can be utilized to enhance customer’s experience The increasing need for data analysis and integration of analytics is expected to propel the utilization of the Internet of Things market over the forecast period

Rising Adoption of Cloud Platform
The adoption of cloud platform is on the rise owing to the ease of storage and sharing with diverse set of people Furthermore, it offers high security from natural disasters and data loss, which is likely to boost the market over the next six years The downtime in traditional storage can increase owing to hardware maintenance, whereas cloud offers comparatively less downtime, owing to which, it is highly preferred over its counterpart This is expected to boost the utilization of cloud platform thereby propelling the market growth over the forecast period

Managed Services to Exhibit Highest Growth
Managed services are becoming popular owing to companies’ increasing focus on core competencies Further, the third party companies also offer enhanced data management with regular maintenance, which is likely to boost the market growth over the forecast period Moreover, the organizations outsource their cloud and other IT services in order to increase the competencies

Asia-Pacific to Show Highest Growth
The rising influx of technology companies coupled with increasing investment in the region is expected to propel the market growth rate Moreover, the government of various countries in the region are focusing majorly on Internet of Things (IoT) in order to enhance the operations and to develop the nation This is projected to fuel the market over the next six years In addition, the disposable income of the consumers in the region is increasing, which is likely to boost the Internet of Things market

Recent Developments
March 2018 - Intel and Linux Foundation launched open source Internet of Things (IoT) hypervisor, which will streamline embedded devices This is expected to fuel the company’s presence and boost finances
March 2018 - IBM launched Watson Assistance powered by artificial intelligence and Internet of Things, which can be accessed through text or voice This is likely to enhance the consumer experience and business’s brand loyalty bringing more customers to the company

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Some of Major Point From Global Internet of Things Market 2018 Table of Content

1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics
4.1 Market Overview
4.2 Industry Value Chain
4.3 Drivers
4.3.1 Rising Adoption of Cloud Platform
4.3.2 Increasing Use of Data Analytics
4.3.3 Reduction in Cost for Connected Devices
4.4 Restraints
4.4.1 High Risk for Privacy
4.5 Opportunities
4.6 Industry Attractiveness – Porter's Five Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products and Services
4.6.5 Competitive Rivalry

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