(MENAFN- Ameliorate Digital Consultancy)
Reports estimate that Asia Pacific IoT infrastructure market will witness considerable proceeds over the next few years. The rising proliferation of smart cities in emerging economies such as Singapore, China, India, and Malaysia coupled with rising penetration of connected devices will further contribute towards business outlook.
The robust growth in the number of connected devices being installed in smart buildings along with the expansion of smart city and building projects in the developing nation like U.S. is projected to propel the market growth. Developed nations also boast of highly advanced manufacturing facilities and product research and development services.
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Propelled by the growing popularity of smart infrastructure across the world, IoT infrastructure market size is projected to record substantial growth in forthcoming years. The proliferation of the Internet of things (IoT) in infrastructure development has resulted in the gradual movement towards creating smart cities and homes.
Rising investments in smart cities across India, U.S., China, UK, and Singapore along with increasing demand for connectivity to enable smart transportation, social surveillance and smart security will fuel IoT developments. Continuous development of sensor technologies are driving innovations in IoT devices and applications, while the cost of mass producing sensors has been declining.
Global IoT infrastructure market size has been anticipated to surpass USD 130 billion by 2024. Efficient governance for improving consumer lifestyle and safety while using IoT devices, services or networks will bolster the industry stance.
The proliferation of IoT based solutions in cities has brought tremendous changes in order to upgrade the infrastructure of as well as services. Internet of Things has the vast potential to deliver unprecedented improvements in operational efficiencies for end-customers. Moreover, rising demand for waste and water management across urban areas is anticipated to propel IoT infrastructure market forecast in near future.
The deployment of IoT and big data in smart buildings aids delivery of actionable insights to enhance consumer living comfort and reduce energy expenditure. Increased use of sensors in shopping malls can also help owners to connect directly and provide quality services to customers. This would lead to shape robust relationships with customers and also reinforcing end-user engagement.
IoT driven innovations by service providers create strong business cases and increase return on investments which help the organizations benefit from real-time insights. Increasing demand for customized services to manage the system efficiently in IoT network will propel the professional service segment.
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Partial Chapter of the Table of Content
Chapter 7. IoT Infrastructure Market, By Service
7.1. Global market share by service, 2016 & 2024
7.2. Professional services
7.2.1. Market estimates and forecast, 2013 – 2024
7.2.2. Market estimates and forecast, by region, 2013 – 2024
7.3. Managed services
7.3.1. Market estimates and forecast, 2013 – 2024
7.3.2. Market estimates and forecast, by region, 2013 – 2024
Chapter 8. IoT Infrastructure Market, By Application
8.1. Global market share by application, 2016 & 2024
8.2. Smart cities
8.2.1. Market estimates and forecast, 2013 – 2024
8.2.2. Market estimates and forecast, by region, 2013 – 2024
8.3. Smart buildings
8.3.1. Market estimates and forecast, 2013 – 2024
8.3.2. Market estimates and forecast, by region, 2013 – 2024
8.4. Smart homes
8.4.1. Market estimates and forecast, 2013 – 2024
8.4.2. Market estimates and forecast, by region, 2013 – 2024
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