Dublin, Feb. 18, 2022 (GLOBE NEWSWIRE) -- The "Global Internet of Things (IoT) Market 2021-2026 by Component, Application and Geography" report has been added to ResearchAndMarkets.com's offering.
This report provides an overview of the global market for IoT and analyzes market trends. Using 2020 as the base year, the report provides estimated market data for the forecast period, 2021-2026. Revenue forecasts for this period are segmented based on component, application and geography.
The report also focuses on the major driving trends and challenges that affect the market and the vendor landscape. This report explains the competitive landscape and current trends in the IoT market, concluding with an analysis of the IoT vendor landscape and including detailed profiles of major players in the global IoT market.
COVID-19 has boosted the market for IoT, especially in industries like IT, education, banking and healthcare. IoT devices are being implemented in hospitals to stop the spread of the virus and to monitor patients with connected devices.
These IoT devices analyze patient vitals and other important factors, then send data to hospital staff. COVID-19 was mitigated by the implementation of IoT tech. To help companies return to some sense of normalcy, IoT systems are being used in contact tracing apps. However, financial constraint is affecting industry adoption of IoT.
With the exponential growth of IoT demand expected to continue over the next five years, the time to prepare for the future of wireless is now. The new breakthrough in IoT technology is fifth generation (5G) wireless. 5G wireless is significantly faster than previous models. The improvement in pace and decrease in latency opens up new opportunities for change and innovation.
IoT is in growth stage and there are significant revenues to be attained, even in the components segment of the market. The subject matter of this study is critical for decision-makers along the value chain, within the IoT industry. The emergence of artificial intelligence (AI) and smart home devices and innovations in sensor technologies are primarily supporting growth in the market.
The interoperability and interconnectivity that Industry 4.0 provides on the production floor is expected to determine the future of manufacturing operations and processes.
Factory properties, such as edge devices, legacy equipment and IoT hardware, must link to physical networks in order to implement an interconnected tomorrow. Interconnectivity necessitates significant improvements to the wireless networking infrastructure used in greenfield and brownfield facilities.
Report Includes:
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
Chapter 4 Market Breakdown by Component
Chapter 5 Market Breakdown by Application
Chapter 6 Market Breakdown by Region
Chapter 7 Company Profiles
Hardware Providers
Platform, Software And Service Providers
For more information about this report visit https://www.researchandmarkets.com/r/qwva8z
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