Global IoT Devices Market, 2016 – 2024
Increasing wireless networking technologies and rising adoption of cloud platform across the globe are the key factors that will trigger the growth of the IoT devices market. IoT can analyze the real-time situation and also helps in better decision making. This digital transformation will open new opportunities for many industries and increase the market value of IoT devices.
Increasing wireless networking technologies and rising adoption of cloud platform across the globe are the key factors that will trigger the growth of the IoT devices market. IoT can analyze the real-time situation and also helps in better decision making. This digital transformation will open new opportunities for many industries and increase the market value of IoT devices.
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Published By: Zion <strong>Market</strong> Research<br />
<strong>Global</strong> <strong>IoT</strong> <strong>Devices</strong> <strong>Market</strong> Expected to Reach Around USD 158,140. Million<br />
by <strong>2024</strong><br />
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<strong>IoT</strong> <strong>Devices</strong> <strong>Market</strong><br />
The new report by Zion <strong>Market</strong> Research on “<strong>IoT</strong> <strong>Devices</strong> <strong>Market</strong> by Device Type<br />
(Processor, Sensor, Connectivity IC and Others) for Building and Home Automation, Energy<br />
and Utilities, Manufacturing, Connected Logistics, BFSI, Transportation, Connected Health<br />
and Others): <strong>Global</strong> Industry Analysis, Size, Share, Growth, Trends, and forecast <strong>2016</strong> <strong>–</strong><br />
<strong>2024</strong>" has a vast information about the market and its potential.<br />
Request Free Sample Research Report @<br />
https://www.zionmarketresearch.com/sample/iot-devices-market<br />
The global <strong>IoT</strong> devices market was valued at around USD 31,500.million in <strong>2016</strong> and it is<br />
expected to reach around USD 158,140. million in <strong>2024</strong>. The global Internet of things (<strong>IoT</strong>)<br />
devices market is expected to grow at a CAGR of 23% between 2017 and <strong>2024</strong>.<br />
Increasing wireless networking technologies and rising adoption of cloud platform across<br />
the globe are the key factors that will trigger the growth of the <strong>IoT</strong> devices market. <strong>IoT</strong> can<br />
analyze the real-time situation and also helps in better decision making. This digital<br />
transformation will open new opportunities for many industries and increase the market<br />
value of <strong>IoT</strong> devices.<br />
As per our study, transportation segment will grow at highest CAGR in near future. The key<br />
factors responsible for the growth include rising congestions and road accident.According to
<strong>IoT</strong> <strong>Devices</strong> <strong>Market</strong><br />
facts, In U.S. 40,000 people died in motor vehicles crash in <strong>2016</strong> which is up by 6% from<br />
2015.<br />
Inquire more about this report @ https://www.zionmarketresearch.com/inquiry/iotdevices-market<br />
Sensors are the troops of the <strong>IoT</strong> devices as they bring more connectivity and analytics to<br />
the supply chain. Additionally, High demand for <strong>IoT</strong> sensors in all electronic devices and the<br />
rising industrial <strong>IoT</strong> market will strongly drive the growth of the <strong>IoT</strong> sensors segment.<br />
The smart lighting system is ushering on the Internet of Things, this segment has acquired<br />
the second largest market share in <strong>2016</strong> owing to the development of smart cities and home<br />
automation in developing regions. It is expected that smart home automation market will<br />
reach around USD 80.04 billion till 2022; this will propel the growth of smart lighting<br />
segment. Additionally, increasing demand for intelligent solutions for street lighting systems<br />
will contribute the growth of the segment.<br />
Browse detail report with in-depth TOC @<br />
https://www.zionmarketresearch.com/report/iot-devices-market<br />
Manufacturing application held largest market share in <strong>2016</strong> and manufacturing is poised to<br />
dominate the <strong>IoT</strong> devices market till 2022.<strong>IoT</strong> in manufacturing segment is gaining traction<br />
with the advent of smart devices that helps to streamline the business process. This will
<strong>IoT</strong> <strong>Devices</strong> <strong>Market</strong><br />
increase the need for manufacturers to deploy <strong>IoT</strong> system and lead to increase in overall<br />
volume of production.<br />
The market is growing at a rapid rate in the developed regions. APAC countries lead the<br />
growth in <strong>IoT</strong> spending, with adoption in multiple verticals: government investments in the<br />
development of infrastructure and local business modernization in China & India will boost<br />
the revenue of <strong>IoT</strong> device in APAC region.<br />
The major market players in the global <strong>IoT</strong> <strong>Devices</strong> market are Amazon, Ecobee, Google<br />
LLC, Honeywell International Inc., among others.<br />
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<strong>IoT</strong> <strong>Devices</strong> <strong>Market</strong><br />
Zion <strong>Market</strong> Research<br />
Address: 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United States<br />
Tel: +1-386-310-3803 GMT<br />
+49-322 210 92714 Tel: +1-855-465-4651 (US/CAN TOLL FREE)<br />
Email: sales@zionmarketresearch.comWeb:www.zionmarketresearch.com
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