A new study title “Connected IoT Devices market size, status and forecast 2027” has been featured on market research future.
Today, the internet of things performs a crucial part in the global infrastructure. It offers advanced connections in the communication technologies. The IoT things generally refer to the network of devices, home appliances, sensors, electronics, actuators and more. The consumer electronics sector has a massive demand for IoT. It is launched for electronics to transform data into devices. Some of the biggest software companies such as IBM, Microsoft and Oracle are the key players in the market.
The IoT for electronics is a widely known concept. The IoT for electronics enables more analyzing, designing, enhancing, and product development procedures. Further, the development in communication technologies is the crucial reasons for exceptional IoT devices market growth. The prevalence of these technologies will continue to fuel the market demand. The Connected IoT Devices Market Forecast is suggesting that the growth rate will be immense. The Connected IoT Devices Market Size will grow by 19% during 2026. The demand for the IoT device market will continue to increase due to end to end solutions by key players of the market
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Some of the prominent players in the global connected IoT devices market: Advantech Co., Ltd. (Taiwan), Aeris Communication, Inc. (U.S.), Amplia Soluciones (Spain), Cumulocity GmbH (Germany), International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), PTC Incorporation (U.S.), Smith Micro Software, Inc. (U.S.), Telit Communications PLC (Italy), Wind River Systems (U.S.), Xively (U.S.), Samsung Electronics Co. Ltd. (South Korea), Motorola Inc. (U.S.), Nokia Solutions Network (Finland) , LG Corporation (South Korea), Hewlett-Packard (U.S.), HTC Corporation (Taiwan), Apple Inc. (U.S.), Dell Inc. (U.S.) and others.
The global connected IoT devices market is segmented on the basis of the component, deployment, and application. The deployment segment is classified as a private cloud, public cloud, and hybrid cloud. However, the hybrid cloud segment is expected to grow at the highest rate across the globe over the forecast period. The hybrid cloud deployment offers various benefits to the businesses such as providing low-cost solutions, and flexible and scalable access to clients.
North America is estimated to account for the largest share of the market, whereas Europe market is projected to grow at the fastest rate during the forecast period. The North American market is witnessing a rapid growth due to technological advancements and increasing demand for mobile application development platforms across different industry verticals in this region. The U.S. holds the majority of market share both in terms of revenue as well as the adoption of smart homes and another connected internet of things applications and devices.
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