Internet of Things Technology Market

Bharat Book Bureau provides the report, on “Internet of Things Technology Market”. https://www.bharatbook.com/consumer-electronics-market-research-reports-496569/internet-things-technology-hardware-platform-software-solutions-services-application-geography-forecast.html This Report on Internet of Things technology market in consumer electronics segment is expected to grow significantly.

Bharatbook.com announces a report on “Internet of Things Technology Market”. This Report information on key drivers, restraints, challenges, and opportunities for the growth of the market.

Internet of things technology market is expected to grow at a high CAGR during the forecast period

The Internet of Things technology market size, in terms of value is expected to grow from USD 130.33 billion in 2015 to USD 883.55 billion by 2022, at a CAGR of 32.4% between 2016 and 2022.

The Internet of Things technology market is driven by factors such as increasing Internet connectivity worldwide, increasing demand for the smartphones & other connected devices, increasing adoption of wireless sensors, and mainstreaming of cloud computing. The increasing government funding across globe for research and development in IoT and scope for innovative cross-domain application provide significant growth opportunities in the market.

Applications in automotive and transportation expected to drive the Internet of Things technology market in the near future

The automotive and transportation application is expected to hold the largest share of the Internet of Things technology market by 2022, whereas the consumer electronics application is expected to witness highest growth between 2016 and 2022. IoT is changing the technological landscape across all industry verticals, and organizations are seeking ways to make improvements amidst the evolution. The Internet of Things technology market in consumer electronics segment is expected to grow significantly owing to the emergence of a number of...