Internet of things (IoT) is combination of information technology (IT) with operational technology (OP) connected via virtual intelligence and interface used in various sectors to send, control, and receive data with/without human intervention. The first five-year cumulative revenue (2017-2021) is projected to be US$ 7,760.8 Bn, which is expected to increase rather significantly over the latter part of the five-year forecast period of the internet of things market.

Global Internet of Things Market: Segmental Snapshot

By components: Hardware segment accounted for highest revenue share in 2016 and is estimated to register a CAGR of over 20%; whereas the software segment is expected to register highest CAGR over the forecast period.

By application: Consumer electronics segment is estimated to account for highest revenue share among the application segments in the global internet of things market, while registering a CAGR of over 20% over the forecast period.

By region:  The market in North America accounted for highest revenue share in the global internet of things market in 2016, owing to early adoption of this technology and presence of major vendors in countries in the region.The market is Asia Pacific is expected to record highest CAGR between 2017 and 2026.

Global Internet of Things Market: Competitive Analysis

The research report on the global Internet of things market includes profiles of major companies such as Google Inc., Cisco Systems, Inc., IBM, Fujitsu Ltd., HP Inc., Dell Inc., Arm Limited, Intel Corporation, Infineon Technologies AG, and Infosys Limited.

Source of Infographics: Internet of Things Market Infographics by MarketResearch