Market Synopsis
Market Research Future prophesies the scope of the global enterprise IoT market. The global enterprise IoT market 2020 is slated to expand up to USD 58 Billion by 2023, at 26% of CAGR over the prognosis period (between 2017 and 2023).
Market Scenario
The market is witnessing the stellar growth from factors such as residential and commercial smart electricity metering which could fuel IoT adoption among utilities in the coming years. Physical protection, where the identification of building intruders and the use of indoor surveillance events, can drive volume and becoming the second-largest IoT customer, thereby increasing the global Enterprise IoT Market valuation. Increasing acceptance of BYOD and mobile apps is a major factor driving the development of the IoT market for enterprises. The key driver of the growth of the IoT enterprise market is the emerging need for digitisation and rising cloud platform adoption.
Furthermore, reducing the cost of connected devices is another important factor driving enterprise growth in the IoT market. Progressing wireless networking infrastructure is also another significant factor accountable for driving businesses' success in the IoT industry. Big companies such as IBM Corporation and Bosch are investing in the enterprise IoT market owing, among other factors, to the growing demand from different vertical industries such as healthcare, business, education , manufacturing. Morevoer, these key players in the IoT business market are constantly implementing approaches by executing planned mergers and acquisitions, producing new creative IoT devices and solutions.
Read more@ https://www.marketresearchfuture.com/reports/enterprise-iot-market-4245
Competitive Dashboard
The major players in the global enterprise IoT market are Microsoft Corporation (U.S.), Intel Corporation (U.S.), Cisco Systems, Inc. (U.S.), Oracle Corporation (U.S.), Amazon Web Services, Inc. (U.S.), Google Inc. (U.S.), Hewlett Packard Enterprise (U.S.), Verizon Communications (U.S.), Bosch Software Innovations GmbH (Germany), IBM Corporation (U.S.), and others.
