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[June 17, 2014]
Markets and Markets : Internet of Things Technology & Application market worth $1423.09 billion by 2020
(M2 PressWIRE Via Acquire Media NewsEdge) According to a new market research report"Internet of Things Technology & Application Marketby Communication Technology (ZigBee, Z-Wave, Bluetooth, Wi-Fi, NFC, RFID), Application Vertical (Building Automation, Consumer, Wearable Electronics, Industrial, Automotive & Transportation, Agriculture) & Geography - Global Trends & Forecasts to 2014 - 2020", the value of Internet of Things market was worth $1029.5 billion in 2013, and is expected to reach $1423.09 billion by 2020, at an estimated CAGR of 4.08% from 2014 to 2020.
Early buyers will receive 10% customization on this report.
The term 'Internet of Things' from its early introduction in 1990s by Mark Weiser has evolved enormously and now it has taken the centre stage. Internet of Things concept has gone beyond machine-to-machine (M2M) communication. The potential benefits from technologies associated with the Internet of Things (IoT) lies in the intersection of multiple capabilities. With new technological inventions and its seamless integration in our day to day lives, it is evident that Internet of Things concept is already laying down the foundation for a promising future.
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With new technological inventions and its seamless integration in our day to day lives, it is evident that Internet of Things concept is already laying down the foundation for a promising future.Few trends in technologyand application are acting particularly as future IoT enablers which may help in shaping the future of the IoT. Some of these critical technology trends which are expected to have a huge impact on IoT evolution are IPV6, sensor proliferation, cloud computing, big data, and faster communication standards such as 4G-LTE and beyond.
This report, based on the extensive research study on Internet of Things technology & applicationmarket, is aimed at identifying the major application verticals where the IoT is going to bring about a game changing revolution in the years to come. Six main application segments covered in this report are: Building Automation, Consumer, Wearable Electronics, Industrial, Automotive & Transportation, and Agriculture.
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Internet of Things Application & Technology has revolutionized the consumer application industry. Various other IoT applications are also evolving and will further drive opportunities formany industry players across the vast IoT ecosystem. The detailed segmentation by applications included in the report covers all the major smart devices used in Internet of Things such as smart thermostats, meters, plugs, hubs, locks, and many more. The major IoT application segments that have been extensively covered in the report are building automation, industrial, consumer, wearable electronics, automotive & transportation, and agriculture. Besides, major wired and wireless communication technologies, protocols, and standards have been discussed in the report. Whereas, the geographical segmentation section gives the Internet of Things market for various geographical regions namely: Americas, EMEA, and APAC.
This report provides revenue estimates for Americas, EMEA, and APAC. Revenue estimates and forecasts are provided till 2020 for the Internet of things technology & application market and its sub-segment markets by application and geography.
About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
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