Internet of Things (IoT) Market by Application – Industry Analysis Market, Market Key Trends

Internet of Things (IoT) market by Application reached USD 598.2 Billion in 2015 and is expected to reach USD 2.12 Trillion by 2024.

Internet of Things (IoT) Market by Application

A free-flowing conversation between man and machine, software and hardware enabled through the network of physical devices, home appliances and other items embedded with Softwares, sensors, actuators, electronics and connectivity is termed as internet of things or internet of everything.

Maximize Market Research has carried out extensive research on the current Global Internet of Things (IoT) Market by Application outlook in various fields as well as the assuring future of the technology in those sectors.

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Importantly, the Internet of Things (IoT) Market by Application report delivers forecasts of the market, giving an insight into the future opportunities that exist in the Global Internet of Things (IoT) Market by Application. The driving forces as well as considerable restraints have been explained in depth. Based on the end user, report segments the market broadly in two categories i.e. Business to Consumer (B2C) and Business to Business (B2B).For the applications where services are directly provided to the consumers (B2C) market is divided between sectors such as Home automation, Lifestyle, Health, Mobility and Others. Whereas B2B market is distributed between various industries such as Healthcare, Manufacturing, Banking and Finance Services, Insurance, Agriculture, Public Services, Retail & Wholesale and Others. Though The B2B segment is in dominance for the forecast period, the growth prospect of B2C shows the formidable upward trajectory during the same period.

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Global IoT Market Share Forecast, By End User 2024

Healthcare and Manufacturing sectors along with Utilities are the key sectors which are going to have lion’s share in Global Internet of Things (IoT) Market by Application during the forecast years. North America. Europe and Asia Pacific (APAC) will form three key regions contributing to the global demand of Internet of Things (IoT) Market by Application. Asia Pacific is expected to hold the largest market share as well as is expected to grow at the highest rate with presence of IT industries along with surge in IT infrastructure development are acting as some of the major driving factors to boost overall demand. Rapid digitization along with technological dependency and further advancements have acted as key drivers for growth of Internet of Things (IoT) Market by Application in APAC and North America.

Scope of the Report:
Global IoT Application Market, by End User: B2B – Home, Lifestyle, Healthcare, Mobility & Others; B2C – Healthcare, Manufacturing, Banking and Finance Services, Insurance, Agriculture, Public Services, Retail & Wholesale and Others.
Global IoT Application Market, by Geography: North America, Europe, Asia Pacific, Middle East & Africa and Latin America

Key Players
Bosch Software innovation
Cisco Systems inc
General Electric
Amazon
Microsoft
Symantec
Huawei Technologies
IBM Corporation
Intel Corporation
Schneider Electric
Thingworx
Verizon Communications
SAP SE
Siemens
Ericsson
Oracle
Toshiba
Hitachi
Gaia
Philips
At & T
Honeywell
Orbita
Carre Technologies
Brethometer
Keriton
Cowlar
Hortau
Fieldin
Konux
PalleTech
Elmodis
SensEye
Constructs Inc
DXTR Labs
Mirai Mobile Technologies
EZ-Robot Inc.
Omnitrol
SnapBizz
SkyBell
Deako

Success Stories: Key Industry Players

General Electric
Amazon
Honeywell
IBM
DHL
Boeing – Aviation
Airbus – Aviation
Caterpillar – Manufacturing
Gehring – Manufacturing
John Deere – Agriculture (Self-driving Tractors)
Komatsu – Mining
North Star Bluescope Steel
Shell – Oil & Gas
Rio Tinto – Mining
Kuka – robotics

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