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Market Research Future prophesies the scope of the global enterprise IoT market.

The global enterprise IoT market 2020 is slated to expand up to USD 58 Billion by 2023, at 26% of CAGR over the prognosis period (between 2017 and 2023).

The market is witnessing the stellar growth from factors such as residential and commercial smart electricity metering which could fuel IoT adoption among utilities in the coming years.

The key driver of the growth of the IoT enterprise market is the emerging need for digitization and rising cloud platform adoption.

Progressing wireless networking infrastructure is also another significant factor accountable for driving businesses' success in the IoT industry.

Competitive Dashboard The major players in the global enterprise IoT market are Microsoft Corporation (U.S.), Intel Corporation (U.S.), Cisco Systems, Inc. (U.S.), Oracle Corporation (U.S.), Amazon Web Services, Inc. (U.S.), Google Inc. (U.S.), Hewlett Packard Enterprise (U.S.), Verizon Communications (U.S.), Bosch Software Innovations GmbH (Germany), IBM Corporation (U.S.), and others.

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5G’s 10 Gigabits/sec data rate, low latency, and reduced power consumption will push the adoption rate of AI and IoT in businesses further.

In this article, Oodles AI shares how the convergence of AI development services with 5G-infused IoT devices will realize the full potential of business automation.Intelligent connectivity will, therefore, create a ripple effect with 5G pushing more data rates, IoT demonstrating higher computational power, eventually, machine learning development extracting deeper insights.Learn more: Fusing 5G, AI, and IoT for Intelligent Connectivity

Sonata Software's robust enterprise mobility platform allows enterprises to extend business services to mobile channels.

This results in the gradual empowerment of customers, partners, and employees. 

Market HighlightsIn this rapidly changing world of technology, enterprise IoT market is projected to show major growth prospects during the forecast period.

Major factor driving the enterprise IoT market is the rapid digitalization and increasing adoption of mobile communication devices.Segmented AnalysisThe global enterprise IoT market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World.

This is owing to the presence of large number of established key players like IBM Corporation, HP, Cisco Systems and Amazon Web Services in that region.In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity.

Reduction is costs of connected devices is another major factor driving the growth of enterprise IoT market in the region.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/4245The Enterprise Iot Market is growing rapidly over 26% of CAGR and is expected to reach at approx.

Avail the in-depth table of content TOC & market synopsis on “Enterprise IoT Market Research Report-Forecast to 2027”.

Enterprise IoT Market SegmentationThe enterprise IoT market has been segmented on the basis of component, platform and enterprise type.

Enterprise IoT Market, By Component (Solution, Service), By Platform (Device Management, Application Management, Network Management) and By Enterprise Type (SMEs, Large Enterprises) – Global Forecast 2023Market OverviewInternet of Things (IoT), the network that enables the connection between the physical and digital world has gained massive acceptance within the business sector.

Enterprises have already started harnessing the benefits of IoT and enterprise IoT have already facilitated the automation of various business processes.

Market Research Future (MRFR's) recent report on the global Enterprise IoT Market provides a detailed analysis of the market, with key market dynamics such as drivers, restraints, opportunities discussed at length.

Cloud computing has also created a supportive dais for the growth of the enterprise IoT market.Conversely, issues associated with security, problems of integration with existing technology, and uncertain ROI are major hindrances to the growth of the enterprise IoT market.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/4245Key PlayersThe prominent players in enterprise IoT market are – Intel Corporation (U.S.), Cisco Systems, Inc. (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), IBM Corporation (U.S.), Google Inc. (U.S.), Hewlett Packard Enterprise (U.S.), Amazon Web Services, Inc. (U.S.), Bosch Software Innovations GmbH (Germany), Verizon Communications (U.S.) and others.SegmentationThe global enterprise IoT market has been segmented based on component, platform, and enterprise type.By component, the enterprise IoT market has been segmented into solution and service.

The solution segment can be further segmented into data management, network bandwidth management, remote monitoring, and security.

The service segment can be further segmented into professional services, consulting, support & maintenance, and deployment & Integration Managed services.By platform, the enterprise IoT market has been segmented into device management, network management, and application management.By enterprise type, the enterprise IoT market has been segmented into large enterprises and SMEs.Regional AnalysisRegion-wise, the enterprise IoT market has been segmented into North America, Rest-of-the-World (RoW), Asia Pacific (APAC), and Europe.North America is the principal enterprise IoT market.

IOT is the next big thing that technology innovators are eyeing at, So here in this post we'll take a look at how to choose the best IOT platform for your specific IOT application.

Operations expenses contribute a lot to manufacturing costs.

With a proper asset management system in place, the high expenditure can be controlled.

Traditional or modern or the highly advanced – the key to profitability in Manufacturing (both product and process manufacturing) is in the most productive utilization of your assets, physical as well as human.

A performance-driven company would be obsessed with quantifying, tracking, measuring, and monitoring their assets.

And, without asset tracking this is highly difficult.And compared to legacy models of asset management, IoT asset tracking is cheaper, faster, and better – giving you a competitive advantage if deployed right and quick.

Let’s see how it works.