18 June 2018
Visiongain’s Internet of Things (IoT) Market Report 2018-2028: Analysis of Machine to Machine (M2M), Big Data & Cloud Technologies. Forecasts for Smart Home (Smartphones, Energy & Utilities, Safety & Security, Smart Appliances, Connected Devices) Industrial (Oil & Energy, Agriculture, Retail, Manufacturing) Transportation (Aviation, Maritime, Connected Vehicles, Other) Healthcare (Telemedicine, Fitness & Activity) Other (Fixed Broadband, Fixed Communications, Government) report indicates that the Internet of Things market is set to be worth $1,352bn in 2018, driven by the increasing number of IoT applications.
Visiongain’s cyber analyst and the author of Internet of Things (IoT) Market Report 2018-2028 commented that: “The current development and deployment of IoT initiatives could create a new golden era in the global economy. IoT has the potential to increase productivity, disrupt industrial production and change our life as we know it, just as with the earlier technological revolutions. The reason for this is simple; almost every single industry is looking forward and trying to understand how IoT will transform the world. Some governments also hold an interest in the development of IoT.
Visiongain believes that the IoT revolution has already started and is gaining momentum at a fast pace. Simple evidence to support this is the dramatic rate of adoption in mobile technology. This mass adoption is pushing towards a new era of creative disruption in media and amongst mobile network providers.
We expect that in the next ten years, IoT will penetrate different industries and human activities, ranging from the home to the transportation industry, even affecting healthcare systems. IoT has not only allowed for machine-to-machine and machine to object communications, but is radically changing how we perform daily activities such as driving or shopping for daily goods, generating great value for enterprises in the form of increases in production and efficiency, creating savings in OpEx and Capex.”
The 167 page report contains 92 tables, charts and graphs that utilise visual representation in order to clarify trends and market projections within the Internet of Things market. Visiongain provides a range of forecasts for the period 2018-2028, as well as for 5 submarket sectors: Industrial IoT, Automotive & Transportation IoT, Healthcare IoT, Consumer Electronics IoT and Others IoT. The report also provides forecasts are also for each of the 10 leading national markets as well as the ROW.
The Internet of Things (IoT) Market Report 2018-2028: Analysis of Machine to Machine (M2M), Big Data & Cloud Technologies. Forecasts for Smart Home (Smartphones, Energy & Utilities, Safety & Security, Smart Appliances, Connected Devices) Industrial (Oil & Energy, Agriculture, Retail, Manufacturing) Transportation (Aviation, Maritime, Connected Vehicles, Other) Healthcare (Telemedicine, Fitness & Activity) Other (Fixed Broadband, Fixed Communications, Government) report will be of impressive value to current, and future, investors into the Internet of Things market , as well as to companies and research centres who wish to broaden their knowledge of the Internet of Things industry.
Notes for Editors
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The lead analyst of the report said, North America generated the highest revenue in 2020 accounting for $5.07 billion. There is a huge market for IoT security in North America. North American homes have the highest density of internet of things (IoT) devices of any region in the world, according to researchers at Stanford University and Avast.
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