Internet of Things Market2021 Top Manufacturers, Industry Size, Share and COVID 19 Impact on Revenue Growth

(MENAFN- The Express Wire) Internet of Things Market2021 Top Manufacturers, Industry Size, Share and COVID 19 Impact on Revenue Growth

Posted on May 6 2021 2:16 AM

"Top Players in Internet of Things Market are Google, Intel Corporation, Microsoft Corporation, Cisco, Apple, Oracle Corporation, The Hewlett-Packard Company, Facebook, Dell Technologies "

The global 'Internet of Things Market is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled "Internet of Things Market Size, Growth | IoT Industry Report [2020-2027]". The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period.

The report evaluates the important characteristics of the market based on present industry scenarios, market demands and business strategies. Also, the research report separates the industry based on the Internet of Things Market share, types, applications, growth factor, key players and regions.

"The global Internet of Things (IoT) market size stood at USD 250.72 billion in 2019 and is projected to reach USD 1,463.19 billion by 2027, exhibiting a CAGR of 24.9% during the forecast period"

Report Highlights:

• A comprehensive overview of the Internet of Things Market
• Significant factors boosting, restricting, challenging and providing an opportunity to the market
• Key insights and major industry developments
• Significant players functioning in the Internet of Things Market
• Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
• Other market trends

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreaks across industries to help you prepare for the future.

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List of Top Key Manufacturers for Internet of Things Market:

• Google
• Intel Corporation
• Microsoft
• Cisco
• Apple
• Oracle
• Hewlett Packard Enterprise
• Facebook
• Dell Technologies

'Healthcare among the Second Leading End Use Industry Segment by Covering 16.2% Share

Manufacturing and healthcare account for the majority of share in the global IoT market. According to the report, in 2018, the healthcare segment holds a share of 16.2% in the global market. BFSI segment offers ample growth opportunities as the demand for IoT solutions in the banking sector is increasing rapidly. Customer relationship with banks has transformed over the years with this new ear of connectivity. The adoption of IoT in banking helps to make faster payments and enhances operational efficiency. Not only this, IoT technology allows credit and debit cardholders to easily access banking services. Moreover, several banking firms are planning to use this technology in order to improve the banking experience of their customers by making it more personal. With the increasing adoption of cloud computing solutions, the BFSI sector is expected to rise at a substantial share during the forecast period.

Analysis by Market Segmentation:

Some of the Key Questions Answered in this Report:

• Detailed Overview of Internet of Things Market will help deliver clients and businesses making strategies.
• Influencing factors that are thriving demand and latest trends running in the market.
• Internet of Things Market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
• What trends, challenges and barriers will impact the development and sizing of the Global Internet of Things Market?
• SWOT Analysis of each defined key player along with its profile and Porter's five forces analysis to complement the same.
• What is the Internet of Things Market growth momentum or market carries during the forecast period?
• Which region may tap the highest market share in the coming era?
• Which application/end-user category or Product Type may seek incremental growth prospects?
• What focused approach and constraints are holding the Internet of Things Market demand?

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Regional Analysis for Internet of Things Market:

• North America (the USA and Canada)
• Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Latin America (Brazil, Mexico and Rest of Latin America)

The Internet of Things Market research report offers a complete assessment of the industry. The projections included in the report have been determined utilizing demonstrated research philosophies and presumptions.

Research Methodology:

We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.

The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

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Major Table of Contents

About Us:

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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