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The report analyzes notable market players in this domain including Alcatel-Lucent S.A., AT&T, Inc., IBM Corporation., Apple, Inc., Cisco Systems, Inc., Huawei Technologies Co. Ltd., NXP Semiconductors NV, Google, Intel, Gemalto and many more.
(PRWEB) February 11, 2015
The market research report on “Internet of things Market” defines the global market based on its major segments and the overall demand. It also provides in-depth analysis of the growth trends and revenue forecasts for the key players in the market.
Browse “Internet of things Market” through in-depth TOC, data tables and figures spread across over 180 report pages.
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The Internet of Things (IoT) and Machine-to-Machine (M2M) communications are increasing the inter-connectivity between objects and devices. It is expected that by 2020 inter-connectivity among devices will be 31 billion and by 2022 there will be an increase in the use of connected devices. The trends which are increasing the inter-connectivity to simplify the complex monitoring and managing communication devices, is the optimized use of cloud computing and big data. These technological trends support the back-end processing and analytics required to cope with the global communication methodologies.
There has been a tremendous adoption rate of IoT and M2M in manufacturing, utilities, supply chain, healthcare, residential, commercial buildings and automotive and transportation. The scenarios which speak about the adoption usage are identification, tracking, monitoring, integration control, business analysis, early response, efficient processes and service. The areas particularly affected by the adoption of IoT and M2M are healthcare (increase in remote patient monitoring services), agriculture (accumulation of soil analysis with environmental data and satellite), physical retail (eCommerce commerce connectivity across the manufacturer, logistic, retail and consumer demand) and government (help via sensor and monitoring of data).
An intelligent communication network between the devices will facilitate the seamless integration of data and information. The major IoT and M2M solution vendors have shifted their focus to the emerging markets which are growing at a rapid speed. At present North America has the largest market size in the IoT and M2M communications market. But APAC marks the highest growth rate for the period 2014 to 2019. The emergence of smart cities and the initiative of smarter planet have sown the seed of growth for this market in this region. European government has made an announcement for the deployment of smart meter to 80% throughout Europe by 2020 indicating that the region is poised for high growth in the IoT and M2M communications market.
Some of the leading IoT and M2M communication solution vendors include Cisco, Google, AT&T, International Business Machine (IBM), Intel, Qualcomm, Alcatel-Lucent, NXP Semiconductors, Gemalto NV and Huawei.
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The adoption of advanced communication technologies in the entire value chain of IoT and M2M sector plays a great role in achieving the operational and efficiency targets set by IoT and M2M companies. The global IoT and M2M communications market is estimated to grow from $255.87 billion in 2014 to $947.29 billion in 2019, at a Compound Annual Growth Rate (CAGR) of 29.9% during the forecast period of 2014-2019.
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