Internet of Things Technology Market is Expected to Reach USD 639.77 Billion by 2023: Including Major Players (Intel, Qualcomm, Texas Instruments, International Business Machines (IBM), Stmicroelectronics, General Electric)

Internet of Things Technology Market size will grow from USD 176.05 Billion in 2017 to USD 639.77 Billion by 2023, at an estimated CAGR of 0.2518. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
 
Major drivers for the growth of the IoT technology market are the increasing adoption of cloud platforms, the declining cost of smart sensors, and increasing investments by major giants of this industry in the IoT market.
 
By Market Players:

• Intel,
• Qualcomm,
• Texas Instruments,
• International Business Machines (IBM),
• Stmicroelectronics,
• General Electric (GE),
• Hewlett Packard Enterprise (HPE),
• Cisco Systems,
• Microsoft,
• Amazon Web Services (AWS),
• Symantec, PTC,
• Alphabet

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By Product Type:

• Professional Services,
• Managed Services

 
By Application:

• Automotive & Transportation,
• Building Automation,
• Oil & Gas,
• Consumer Electronics

 
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
 
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Points Covered in The Report:

• The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
• The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

 
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