United State – Global Enterprise IoT Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Enterprise IoT market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global enterprise IoT market size was US$ 540 billion in 2021. The global enterprise IoT market is forecast to grow to US$ 1480 billion by 2030, registering a compound annual growth rate (CAGR) of 11.8% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
The increasing number of wireless networking technology will benefit the global enterprise IoT market. In addition, the growing adoption of cloud platforms across various industry verticals will propel the global enterprise IoT market forward.
The emergence of sophisticated data analytics and data processing will benefit the global enterprise IoT market in the coming years.
Furthermore, favorable initiatives to establish smart city infrastructure are likely to accelerate the growth of the global IoT enterprise market. In addition, growing digitization and improved IoT efficiency will prompt market growth.
Growing IoT penetration among SMEs will offer ample growth opportunities for the enterprise IoT market.
COVID-19 Impact Analysis
The COVID-19 pandemic has negatively impacted the global IoT enterprise market. Due to the COVID-19 sudden impact, the demand for IoT solutions decreased. Various firms in the IoT market had to halt their operations in order to support government laws. The shutdown of the manufacturing, transportation, and automotive industries had a significant declining influence on the IoT industry. Following the shutdown, corporations would have to adopt and implement new strategies in accordance with government rules. Industries globally have planned to gradually restore industrial plants. Furthermore, it is projected that businesses and sectors will invest in digital technology once the pandemic is over. Companies have significantly witnessed the potential scope of IoT technologies. Moreover, it will help them reduce human error. As a result, it will fuel the growth of the global IoT enterprise market.
Regional Analysis
North America dominated the global enterprise IoT market. Meanwhile, Europe and Asia-Pacific are forecast to hold the second and the third-largest share of the global enterprise IoT market. The growth of North America is attributed to the region’s well-developed infrastructure and rising penetration of advanced technology. Thus, the growing introduction and implementation of current technology and high adoption of smart gadgets are likely to benefit the market.
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Competitors in the Market
- Intel Corporation
- Cisco Systems Incorporation
- Microsoft Corporation
- Oracle Corporation
- IBM Corporation
- Google Incorporated
- Hewlett Packard Enterprise
- Amazon Web Services Incorporated
- Bosch Software Innovations GmbH
- Verizon Communications
- Siemens AG
- AT&T Incorporated
- SAP SE
- Huawei Technologies
- Other Prominent Players
Market Segmentation
The global enterprise IoT market segmentation focuses on Type, Platform, Application, and Region.
Based on the type, the enterprise IoT market has been segmented into –
- Solution
- Data Management
- Network Bandwidth Management
- Remote Monitoring
- Security
- Real-Time Streaming Analytics
- Services
- Professional Services
- Support and Maintenance
- Consulting
- Deployment
- Integration Managed Services
Based on the platform, the enterprise IoT market has been segmented into –
- Device Management
- Application Management
- Network Management
Based on the application, the enterprise IoT market has been segmented into –
- SMEs
- Large Enterprises
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Based on the region, the enterprise IoT market has been segmented into –
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Key questions answered in the global Enterprise IoT market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the Enterprise IoT market over the forecast period?
- What are the factors driving and restraining the market for Enterprise IoT?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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