IoT Market Set for Tremendous Growth, Forecasts Mind Commerce Publishing in Its New Report Available at MarketPublishers.com30 Nov 2016 • by Natalie Aster
LONDON – A recently emerged trend, IoT has already turned into a lucrative business with high growth potential. At present, top 5 IoT providers hold a share of approximately 24% of the global revenue.
IoT software revenue is expected to account for around one quarter of the total revenue, with its value estimated to be just under USD 380 billion by 2021. A revenue of the IoT platform security solutions is projected to be even higher USD 820 billion.
In the meantime, the market for OEM IoT software is forecast to amount to USD 329 billion, showcasing a 10.8% CAGR. Purpose-built IoT platforms are set to be dethroned by general-purpose ones by 2020.
The global IoT platform-enabled revenue is predicted to surpass the USD 9.1 trillion by 2021.
New research report “Internet of Things (IoT) Platforms and Software: Market Outlook and Forecasts 2016 - 2021” worked out by Mind Commerce Publishing LLC offers a comprehensive analysis of the worldwide IoT marketplace. The study starts with a detailed introduction to IoT platforms.
It further focuses on key and challenges of this space. The report covers IoT employment across different industry verticals as well as market segments. The research study concentrates on providers of platforms and solutions. It gives revenue forecasts through 2021.
The research report explores trends and development of the global marketplace. The study also contains valuable recommendations.
Other Markets Investigated by Mind Commerce Comprise:
- Virtual Personal Assistants
- 5G and Virtual Reality
- Public Safety LTE
- Mobile Edge Computing
- Connected Vehicles
More new reports by our partner are available at its page.