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(Hosting-NewsWire.com, November 15, 2017 ) Internet of Things (IoT) facilitates the connection of various devices through network technology. IoT is a network of objects embedded with electronics, software, network connectivity and sensors. IoT aids to build smart communication environments like smart transportation, smart homes, smart shopping and smart healthcare. The key mechanisms of IoT includes gateways, RFID, NFC, cloud services, WSN, visualization elements and data storage & analytics.
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IoT in smart cities is acquiring an important impetus worldwide. While smarter technologies have greater demand than over utility grids, the emphasis would ultimately move toward other developing fields, such as infrastructure management, transportation, building automation, intelligent cities services and energy management during the forecasted period. Smart cities are highly positive to adopt these effective and smart solutions with the upsurge demand for IoT devices. Most of the IoT devices relies on various sensors to observe the environment and cost for these sensors are reducing at a steady rate acting as a key driver for growth of global IoT market. Increasing investments in IoT divisions, the increase in connectivity of the internet globally and high adoption of devices such as tablets and smart phones have raised the global demand for IoT. Growing dependency on prevailing network connectivity creates challenges such as security threat. Among the prime restraints in the IoT market is the lack of competency of real-time procedures. Real-time procedures are projected to assist real-time applications and process data as it is generated without any interruptions.
Some of the chief players operating in the global market include
Alcatel-Lucent S.A.,
Cisco Systems Inc.,
SAP SE,
Amazon Web Services,
Infineon Technologies AG,
Huawei Technologies Co Ltd.,
Microsoft Corporation,
Oracle Corporation,
Google Inc.,
IBM Corporation,
Rockwell Automation,
Zebra Technologies,
Robert Bosch GmbH,
Siemens AG,
Dassault Systèmes SA,
Thingworx,
Honeywell International, Inc.,
Verizon Communication Inc.,
Samsung Electronics,
Apple Inc.
Intel Corporation among others.
Key questions answered in this report
- What will the market size be in 2025 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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