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IoT Solutions Market 2019: Size, Share, Scope, Growth Opportunities Analysis By GT International, Carriots, Cisco, Davra Networks, Flutura, IBM, Telit, Wipro Limited, And Others

Market Definition: IoT Solutions Market

The Global IoT Solutions Market was valued at USD 160.8 million in 2017 and is expected to reach USD 553.9 million in 2025, growing at a healthy CAGR of 29.7% for the forecast period of 2019 to 2026.

IoT solutions help business with critical operations that require integration of system sensor, gateway and cloud solutions. It also provides connectivity, user experience and analytics solutions. The IoT solutions provide fleet & asset management for real-time tracking of assets using sensor interfaces. Small and medium businesses are adopting IoT solutions to increase the scalability and efficiency of their businesses, hence creating opportunities for software solution vendors.

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Major Market Drivers & Restraints are as follows:

  • Expansion of wireless networking technologies
  • Boom of advanced data analytics and data processing
  • Reduction in cost of connected devices
  • Enabling technologies for IoT
  • Smart home and smart car innovations using IoT solutions
  • Data security and privacy concerns
  • Interoperability and lack of common standards
  • Difficultly in integration among hardware, software, and services

Key Market Competitors: IoT Solutions Market

Few of the major competitors are Maven Systems Pvt., Ltd., Accton Technology Corporation, SAP SE, Hortonworks Inc., Accenture, Tego Inc., Symboticware Inc., Gemalto, Alcatel-Lucent S.A., Mnubo Inc., Zebra Technologies, AT&T Inc., Datamatics Global Services, Google, Inc., Jasper, Samsara, Awair Glow, Arrayent, Tata Communications Ltd., and many more.

The report gives the details about market trends, future prospects, market restraints, leading market drivers, several market segments, key developments, key players in the market, and competitor strategies. This market report puts light on various aspects of marketing research that range from important industry trends, market size, market share estimates, sales volume, emerging trends, product consumption, customer preferences, historic data along with future forecast and key player analysis. Under competitive analysis section, major key players existing in the market are mentioned along with various details such as company profiles, their market share analysis, and their different strategies which make them thrive in the market.

To generate finest market research report, marketing management must be aware of the minds of their target markets, their feelings, their preferences, their attitudes, convictions and value systems with a formalised and managerial approach. The report studies general market conditions, estimates client company’s market share and possible sales volume, figure out the probable market for a new product to be launched and discover the most appropriate method for the distribution of certain product. A data triangulation method is used for this purpose which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation.

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Market Segmentation:  IoT Solutions Market

By Solution

  • Connectivity
  • Service
  • Hardware Platform
  • Analytic Software

Application

  • Web Security
  • Network Security
  • Database & Cloud Security
  • Email Security
  • Others

Service

  • Managed Service
  • Professional Service

End Users

  • Wind
  • Oil & Gas
  • Solar
  • Other End Users

By Geography

  • North America
    • Canada,
    • Mexico

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Company Analysis:

The global IoT solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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