Market Highlights
In 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 Analysis
The global enterprise IoT market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the enterprise IoT market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of enterprise IoT market. 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. This is expected to be a major factor for the growth of enterprise IoT market. Growing adoption of data analytics and data processing is another major factor driving the growth of enterprise IoT market in the region. Reduction is costs of connected devices is another major factor driving the growth of enterprise IoT market in the region.
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The Enterprise Iot Market is growing rapidly over 26% of CAGR and is expected to reach at approx. USD 58 Billion by the end of forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Enterprise IoT Market Research Report-Forecast to 2027”.
Enterprise IoT Market Segmentation
The enterprise IoT market has been segmented on the basis of component, platform and enterprise type. The platform segment is further bifurcated into device management, application management and network management. Enterprise IoT has a flexible platform deployed across multiple applications. It follows a platform based approach and helps in integration of new services and solutions into the company’s existing architecture. Internet of things has a wide range of technologies and they are being implemented for various applications like smart city solutions and connected logistics. Maintaining a centralized supply chain with enterprise IoT in connected logistics will provide efficiency in the work and better and accurate results.
Key Players
The prominent players in the 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.
Market Research Analysis:
It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in enterprise IoT market in North America is attributed to technical advancements and increasing use of mobile devices, tablets and smartphones in that region.
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Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
Continued…
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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.
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.
Market SynopsisMarket Research Future prophesies the scope of the Enterprise IoT Market.
The global enterprise IoT market 2020 is slated to expand up to USD 58 Billion by 2027, at 26% of CAGR over the prognosis period (between 2020 and 2027).Market Scenario 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 digitisation and rising cloud platform adoption.
Progressing wireless networking infrastructure is also another significant factor accountable for driving businesses' success in the IoT industry.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/4245Big companies such as IBM Corporation and Bosch are investing in the enterprise IoT market owing, among other factors, to the growing demand from different vertical industries such as healthcare, business, education, and manufacturing.
Moreover, these key players in the IoT business market are constantly implementing approaches by executing planned mergers and acquisitions, producing new creative IoT devices and solutions.Market Segmentation Depending on the platform, part, and type of enterprise, the Enterprise IoT market has been analysed.
For rising cloud-based applications and cloud-based data storage, the software segment holds the largest market share for enterprise IoT industry.
