Global IoT Market to Reach USD 185.9 Bn by 2023, Expects WinterGreen Research in Its Report Published at MarketPublishers.com26 Apr 2017 • by Natalie Aster
LONDON – Globally, the internet of things (IoT) market is poised to gain huge momentum with the use of sensors, platforms and cameras that are employed to assist in implementing precision digital control and sending alerts for machinery and device management. Visualisation and digitisation allow for better control of any device or mechanical thing.
IoT is expected to influence the manner all organisations, governments, and customers interact with the physical world. The move to 40 Gbps and 100 Gbps speeds in data centers has come rapidly owing to the requirement of boosting the quantity of data managed with more analytics and applications.
The upsurge in speed is due to the booming data consumption thanks to increased use of smartphones, video streaming, social media, IoT, and Big Data.
The usage of IoT cameras and sensors is a key milestone in the provisioning of value to every industry vertical. Custom cameras are made use to take pictures and videos with magnificent representations. Digital control systems are set to further automate driving and flying, bringing usability, automated cars and flight stability to life. Novel materials and innovative designs are bringing that radical change forward. By promoting innovation, IoT growth on a continuous basis is assured.
The world IoT market was worth USD 16.3 billion as of 2016, and it is anticipated to amount to USD 185.9 billion by 2023.
Google, IBM, Amazon, GE, Intel, Microsoft, Verizon, Cisco, Samsung, Huawei, Hewlett Packard Enterprise, SAP, Siemens, AT&T, PTC, Bosch, Apple, amid others, are the prominent players in the marketplace.
In-demand research report “Internet of Things (IoT) Market Shares, Strategies, and Forecasts, Worldwide, 2017 to 2023” developed by WinterGreen Research presents a comprehensive review of the latest trends in the market for IoT.
It covers a slew of themes, such as IoT endpoints, web services, IoT suite, blockchain networks, wireless sensor networks, universal IoT platform, security and energy management, healthcare, transportation, self driving cars.It sheds light on the IoT across such areas as agriculture, weather, financial sector, industrial and manufacturing, security, energy management, security, healthcare, wearable technology, self-driving and connected cars, rail transportation, and more.
More in-demand reports by WinterGreen Research can be found at its page.