Global Iot Market
Internet of Things Market (IoT Market) Size And Analysis
Internet of Things Market (IoT Market) Size was valued at USD 212.1 Billion in 2018 and is expected to witness a growth of 25.68% from 2019-2026 and reach USD 1,319.08 Billion by 2026.
The need for wireless networking technologies is the macroeconomic indicator, which is expected to cause a surge in market growth. The Internet of Things (IoT) being developed by market players and becoming increasingly connected via wireless connections, its necessary that a Wireless Personal Area Network (WPAN) be created to allow multi-vendor interoperations. Wireless networks attend to the unique requirements of smaller vertical markets and niche applications to provide the benefits of interoperability through standardization. Each standard criteria of a wireless network have specific characteristics arranged and optimized to serve specific IoT applications. The IEEE 802 Wireless Working Groups, IEEE 802.11 Wireless LANs (aka Wi-Fi) and IEEE 802.15, develop standards not only for wireless networks but for IoT networks, mesh networks, wearables, and busy light communications.
Key Players in the Global Internet of Things Market (IoT Market)
The “Global Internet of Things (IoT) Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are
- Intel Corporation
- SAP SE
- Cisco Systems, Inc.
- Microsoft Corporation
- Oracle Corporation
- International Business Machine (IBM) Corporation
- PTC Inc.
- Hewlett Packard Enterprise
- Amazon Web Services, Inc
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