IoT Market Size, Share, Trends, And Report From 2022 to 2031

Kenneth Research, in its repository of market research reports, has recently added a report on the IoT Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Translation Software Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for IoT Market products.

Final Report will add the analysis of the impact of COVID-19 on this industry.

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The  IoT Market in North America is anticipated to grow significantly owing to the presence of several key players in the region, along with the increasing need of the organizations in the nation to run on a strong ICT infrastructure.

we provide a market study that encompasses both qualitative and quantitative assessments of latest trends for the market segmentations classified by our analysts. According to our research team, the Global IoT Market in Intelligent Transportation Systems Market was valued at USD 112.84 billion in 2017 and is projected to reach USD 219.95 billion by 2025, growing at a CAGR of 8.7% from 2018 to 2025. Our research study mainly includes an in-depth study of the market which includes major drivers, restraints, opportunities and challenges faced in the market along with the latest industrial trends.

The need to manage the transportation systems has emerged with growing population. With rapid advancement in technology, incorporation of data analytics and Internet of Things (IoT) has led to formation of another interdisciplinary of the IoT market named Intelligent Transportation Systems. It is an advanced application used to provide a more efficient transportation management services wherein customers can have a better idea of traffic management and network of transportation routes. The intelligent transportation systems include high technology based on the predictive analytics and other information systems which has IoT analytics and IoT market forecast.

Integration of transportation systems along with big data analytics and extensive emphasis on the R&D of IoT related software acts a potential driver in the global IoT market in intelligent transportation systems market whereas increased complexity in the big data solutions poses a great threat to the market and acts as a market restraint for the global market.

The “Global IoT Market in Intelligent Transportation Systems Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Cisco Systems, Inc., Garmin International Inc., Thales Group, Tomtom NV, Denso Corp, Sierra Wireless, Inc., IBM and AT&T Inc. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

As a part of market estimation, the study also comprises a list of tables and figures for the “Global IoT Market in Intelligent Transportation Systems Market” which focuses on a constructive knowledge essential for the companies or individuals interested in the market study report. As a part of market segmentation, our study exhibits a market analysis on the basis of product, component, vertical and geography. Asia Pacific accounts for the fastest growing market due to the presence of numerous developing countries in this region along with their emerging markets. The Chinese market has a major share in this region.

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TABLE OF CONTENTS

1 INTRODUCTION 13
1.1 PRODUCT AND MARKET DEFINITION 13
1.2 MARKET SCOPE 14
1.3 ASSUMPTIONS 15
2 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH 16
2.1 DATA MINING 16
2.2 SECONDARY RESEARCH 16
2.3 PRIMARY RESEARCH 16
2.4 SUBJECT MATTER EXPERT ADVICE 16
2.5 QUALITY CHECK 17
2.6 FINAL REVIEW 17
2.7 DATA TRIANGULATION 17
2.8 BOTTOM-UP APPROACH 18
2.9 TOP DOWN APPROACH 18
2.10 RESEARCH FLOW 19
2.11 DATA SOURCES 19
3 EXECUTIVE SUMMARY 20
3.1 MARKET OVERVIEW 20
4 MARKET OUTLOOK 24
4.1 GLOBAL IOT MARKET IN INTELLIGENT TRANSPORTATION SYSTEMS OUTLOOK 24
4.2 MARKET DRIVERS 25
4.2.1 DSRC FOR THE V2V COMMUNICATION LIKELY TO BOOST THE IOT MARKET 25
4.2.2 INTEGRATION OF TECHNOLOGIES HELPS DEVELOP BETTER SOLUTIONS IN TRANSPORTATION 26
4.2.3 HUGE INVESTMENTS IN THE R&D OF IOT RELATED SOFTWARE 26
4.2.4 STANDARDIZATION OF IPV6 WOULD INCREASE THE IP ADDRESS SPACE 27
4.3 MARKET RESTRAINTS 28
4.3.1 FURTHER IMPROVEMENTS ARE REQUIRED IN BATTERY RELATED TECHNOLOGIES 28
4.3.2 BIG DATA INCREASES COMPLEXITY 28
4.4 MARKET OPPORTUNITIES 29
4.4.1 RELAXATION OF GOVERNMENT RULES AND REGULATIONS IS CREATING MORE OPPORTUNITIES 29
4.4.2 PREDICTIVE MAINTENANCE (PDM) 29
4.4.3 DATA CENTERS LIKELY TO BENEFIT FROM THE DEPLOYMENT OF IOT IN TRANSPORTATION 30
4.5 MARKET CHELLANGES 31
4.5.1 DEVELOPMENT OF UNDERLYING EMBEDDED DEVICES FOR IOT 31
4.5.2 PROTECTION OF DATA GENERATED BY IOT DEVICES 31

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