Make Money Online with Honeygain! - Download this free software for your Windows computer, Android or iOS phone and get paid to share your internet connection! Download, turn it on and earn!

Internet of Things Market is Anticipated To Reach Us$ 2,746.32 Bn By 2027

Posted by anna12 on May 12th, 2020

According to a new market research report published by Transparency Market Research entitled “Internet of Things Market (By technology- Zigbee, Bluetooth Low Energy, Near Field Communication, Wi-Fi, RFID, By Application- Media, Manufacturing, Medical and Healthcare, Consumer Application, Energy Management, Others) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020 – 2027,” the global Internet of Things market is expected to reach US$ 2,746.32 Bn by 2027. The market is anticipated to expand at a CAGR of 21.7% during the period from 2020 to 2027.

Global Internet of Things (IoT) Market: Overview

The internet of things (IoT) market has made giant strides in growing potential use of the related technologies in various applications in end-use industries. The growth of the internet of things market is increasingly propelled by the growing use of advanced analytics and machine learning technologies to make sense of staggering volumes of data from connected devices. High advances related to data security technologies and processing methods in various parts of the world has resulted in enterprises embracing advanced technologies and automation as part of strategy to optimize resource utilization.

ZigBee use in Low-Bandwidth Application Areas account for Prominence of Technology

The internet of things market is notably fueled by advances in high communication protocols, with industrial application areas benefitting the most. The various technologies whose prospects are evaluated in the report are ZigBee, near field communication (NFC), radio-frequency identification (RFID), Bluetooth, and Wi-Fi. Of these, ZigBee is expected to hold substantial shares in the global internet of things market. In the coming years of the assessment period, the segment is expected to lead. The rising use of ZigBee in IoT applications that need low-power and low-bandwidth is fueling the expansion of the market.

For More Details, Request A Sample Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7214

The various applications areas covered in the analyses are media, manufacturing, medical and healthcare, consumer application, and energy management. Of these, the medical and healthcare application segments are prominent segments and is expected to show promising growth trajectories over the assessment period.

North America to generate Substantial Chunk of Revenues in Global Market

The key regional markets for internet of things comprise Latin America, the Middle East and Africa, Asia Pacific, Europe, and North America. Of these, North America contributed the major share in the global market in 2018. The region is expected to hold its sway in the next few years as well. The growth is reinforced by the staggering pace with which end-use industries are adopting connected technologies. The presence of several globally prominent players domiciled in the region is also boosting the regional market. The U.S. will be contributing large shares in the North America market, driven by constant advances in communication protocols to be used in IoT.

Also See: Things Market, North America, Various Applications, Wi Fi, Things, Market, Internet

Share Your Internet Connection & Get Paid
HoneyGain is compatible for desktop computers, Android and iOS and pays you when you share your internet connection!
Advanced Guitar with Express Guitar Volume 2 - The Advancing Guitarist
Get ready for a Major Upgrade with your guitar skills, accuracy and musicianship!

CryptoTab Browser - Easy way for Bitcoin Mining | CryptoTab Browser
CryptoTab Browser is the world's first web browser with built-in mining features. Familiar Chrome user interface is perfectly combined with extremely fast mining speed. Mine and browse at the same time!

Instant Piano Chord Finder Desktop Software
This “Instant Chord Finder” is a wonderful way to find any chord in any key in a hurry.

Advertise Here