Market
Synopsis
Market Research Future prophesies the scope of the global
enterprise IoT market. The global enterprise IoT market 2020 is
slated to expand up to USD 58 Billion
by 2023, at 26% of CAGR over the
prognosis period (between 2017 and 2023).
Market
Scenario
Identification of building intruders
and the use of indoor surveillance events, can drive volume and becoming the
second-largest IoT customer, thereby increasing the global Enterprise IoT Market
valuation. The market is witnessing the stellar growth from factors such
as residential and commercial smart electricity metering which could fuel IoT
adoption among utilities in the coming years. Increasing acceptance of BYOD and
mobile apps is a major factor driving the development of the IoT market for
enterprises. The key driver of the growth of the IoT enterprise market is the
emerging need for digitization and rising cloud platform adoption. Furthermore,
reducing the cost of connected devices is another important factor driving
enterprise growth in the IoT market.
Progressing wireless networking infrastructure is also
another significant factor accountable for driving businesses' success in the
IoT industry. Big companies such as IBM Corporation and Bosch are investing in
the enterprise IoT market owing, among other factors, to the growing demand
from different vertical industries such as healthcare, business, education, and
manufacturing.
Competitive
Dashboard
The major players in the global enterprise
IoT market are Microsoft Corporation (U.S.), Intel Corporation
(U.S.), Cisco Systems, Inc. (U.S.), Oracle Corporation (U.S.), Amazon Web
Services, Inc. (U.S.), Google Inc. (U.S.), Hewlett Packard Enterprise (U.S.),
Verizon Communications (U.S.), Bosch Software Innovations GmbH (Germany), IBM
Corporation (U.S.), and others.
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Market
Segmentation
By Component Solution
·
Data Management
·
Network Bandwidth Management
·
Remote Monitoring
· Security
Services
·
Professional Services
·
Support & Maintenance
·
Consulting
· Deployment & Integration Managed Services
By Platform
·
Device Management
·
Application Management
· Network Management
By
Enterprise Type
·
SMEs
· Large Enterprises
Regional
Outlook
The regional analysis of enterprise
IoT market is being studied for regions such as Asia Pacific, Middle East
and Africa, North America, Europe, and Latin America.
North America's global business IoT market is expected to see
significant growth relative to other markets, and have the largest market share
over the forecast period. The U.S. and Canada are expected to fuel IoT business
demand for businesses. This is due to the involvement of a large number of
well-known major players including HP, Cisco Systems, IBM Corporation, and
Amazon Web Services in that region. Some countries have developed economies
that allow them to spend heavily in R&D.
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TABLE OF CONTENTS:
1.
Market Introduction
2.
Research Methodology
3.
Market Dynamics
4.
Executive Summary
5.
Market Factor Analysis
6.
Enterprise IoT Market,
By Segments
7.
Competitive Analysis
Continued…
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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