Market Overview

IoT in Infrastructure Market to cross $130bn by 2024 | IBM, Intel, Microsoft, Schneider Electric, Huawei Technologies, and 16 Other Companies Profiled


IoT in Infrastructure Market to cross $130bn by 2024 | IBM, Intel, Microsoft, Schneider Electric, Huawei Technologies, and 16 Other Companies Profiled

North America IoT infrastructure market is set to retain highest revenue share to 2024 owing to advanced infrastructure followed by rising number of smart city and building projects undertaken by the government across the region.

PR Newswire

SELLBYVILLE, Del., Aug. 22, 2018 /PRNewswire-iReach/ --  The global statistics report says, "IoT in Infrastructure Market is predicted to be valued USD 130 billion by 2024." Increasing investments in smart cities across the U.S., China, India, Singapore and UK will drive the IoT infrastructure market growth over the forecast timeline. For instance, the Government of India plans to develop nearly 100 smart cities requiring an investment of over USD 150 billion provides impetus to the industry demand. Rising demand for effective & efficient utilization of resources and meet challenges within city infrastructure, transportation and energy management is expected to fuel the demand.

The deployment of IoT based solutions in cities allows them to wisely use data in order to upgrade the city infrastructure as well as services. Growing demand for water & waste management across the urban areas is expected to drive the IoT in infrastructure market growth. Real time sensing of water & drainage operations in a city can be obtained through monitoring equipment such as meters, pressure gauges and wireless networks in a IoT network. Relevant management departments can make use of the data obtained for analysis and making supporting suggestions.

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Rising demand for customized services to manage the systems in IoT network will drive the professional service segment growth in IoT in infrastructure market. Professional service providers with technical expertise provide end-to-end services and deploy the technological solutions in order to increase the operational efficiency. Furthermore, increasing adoption professional services by the users to reduce the total cost of ownership contributes to the segment growth. Increasing government initiatives for smart cities across China, India and Singapore offers opportunities to the service providers to invest in these markets.

Sensors integrated in the devices enable seamless transfer and data exchange in a IoT network. Miniaturization trend coupled with the advancements in the sensor technology helps the manufacturers integrate various functionalities on a single chip. Functionalities include lighting systems, monitoring as well as security. Enormous volume of data is generated from these sensors which require collection and analysis for upgrading the processes. Rising demand for connectivity solutions such as cellular technologies, Wi-Fi and NFC for communication between the devices lies impetus to the connectivity technology segment growth in IoT infrastructure market.

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Rising number of smart city & building projects coupled with the advanced infrastructure in the U.S. is expected to propel the industry growth across the region. Asia Pacific IoT in infrastructure market is expected to witness substantial growth over the forecast timeline. The growth is credited to the growing demand of smart cities across countries such as China, Singapore, India and Malaysia. Increasing penetration of connected devices followed by heavy investments for smart city infrastructure development further contributes to the industry demand.

Companies in the IoT in infrastructure market include Microsoft Corporation, Intel Corporation, Schneider Electric, IBM Corporation, Huawei Technologies Ltd., Cisco Systems, Inc., SAP SE, Oracle Corporation, PTC Inc., Accenture PLC and Honeywell International Inc. The industry is currently witnessing intense competition owing to the new players entering the market with advanced and innovative set of solutions. Players are currently focusing on enabling sustainability through maintenance and ensuring operational excellence in delivery of infrastructure projects.

Market share calculation in this report is not done based on companies covered in it. The calculation of IoT infrastructure market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Buy this industry insights spread across 140 pages with 154 market data tables & 12 figures & charts from the report, "IoT Infrastructure Market Size By Platform (Network Management, Device Management, Application Management), By Technology (Sensors, RFID, Connectivity Technology), By Component (Hardware, Software [Data Management, Streaming Analytics, Security, Remote Monitoring, Bandwidth Management]), By Service (Professional Service, Managed Service), By Application (Smart Cities, Smart Buildings, Smart Homes), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, South Korea, Malaysia, Singapore, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024" in detail along with the table of contents:

Chapter 8.   IoT Infrastructure Market, By Application

8.1.  Global IoT Infrastructure 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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