Global IoT technology market 2018-2023: Combined market will reach $869.9B
The combined global IoT technology market will reach $869.9B USD by 2023
Internet of Things (IoT) networks and systems consist of vast array of hardware, software and firmware elements including semiconductors and embedded devices, platforms, and many types of software programs and operating systems. Related IoT services such as system integration and data management enable optimized deployment as well as efficient and effective ongoing operations.
There is a global race among enterprise and governments to rapidly deploy IoT technologies for various reasons such as automation of physical infrastructure, remote management and monitoring, and predictive insights. At its core, IoT is intended to optimize asset management, work flow, and processes. Additionally, IoT provides a wealth of information, which is derived largely from processing machine-generated data via artificial intelligence and advanced data analytics software.
This report represents the most comprehensive research covering core IoT hardware, software, and firmware as well as supporting technologies such as Artificial Intelligence and Mobile Edge Computing. The report evaluates leading vendors, products, and services offerings. The quantitative portion of the report provides detailed forecasts for the global and regional IoT technology market for 2018 to 2023. The report also includes specific industry recommendations in key areas such as artificial intelligence hardware, software and services.