SecurityWorldMarket

23/11/2014

IoT market to reach $947B by 2019

Dallas, Tx (USA)

Research analysts, Marketsandmarkets, forecasts the IoT and M2M communication market to grow from $255.87 billion in 2014 to $947.29 billion in 2019, at an estimated CAGR of 29.9% from 2014 to 2019.

The company's latest report entitled, "Internet of Things Market & M2M Communication by Technologies, Platforms and Services (RFID, Sensor Nodes, Gateways, Cloud Management, NFC, ZigBee, SCADA, Software Platform, System Integrators), by M2M Connections, & by IoT Components) - Global Market Forecasts - 2019”, defines and segments the IoT and M2M market into various sub-segments of technology and platform, M2M connection and modules, IoT components, applications, and regions with in-depth analysis and forecasting of revenues. It also identifies drivers and restraints of this market with insights on trends, opportunities, and challenges and inlcudes 82 market data tables and 57 figures spread through the 180 pages.

This IoT and M2M research report analyses global adoption trends, future growth potential, competitive outlook, market ecosystem, and the value chain of this market. The report also analyses market sizes and revenue forecasts across different regions such as North America (NA), Europe, Latin America (LA), Asia-Pacific (APAC), and Middle East and Africa (MEA).

According to Marketsandmarkets, the various challenges faced by IoT and M2M are meeting the political issues, no demand on 2G products, a sense of security for all the information available and which is accessible over Internet, having customisation of the technology, and deployment of old to new technology. In order to meet all these challenges, the IoT and M2M needs to develop cost effective robust technology-enabled devices with integrating capabilities, so that they are able to run on any type of platform. Government support is also crucial for assigning queries at one point of contact and making the work smarter by integrating internet with machine and thus, helping to generate the revenues and profitability.

Marketsandmarkets names companies such as Alcatel-Lucent (France), AT&T (U.S.), IBM (U.S.), Google (U.S.), CISCO (U.S.), Qualcomm (U.S.), Intel (U.S.), NXP Semiconductors (Netherlands), Huawei (China), and Gemalto NV (Netherlands) as the key market players in this arena.



Product Suppliers
Back to top