Market Research Future published a research report on “Enterprise IoT Market Share - Research Report - Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Enterprise IoT Market Share, By Component (Solution, Service), By Platform (Device Management, Application Management, Network Management) and By Enterprise Type (SMEs, Large Enterprises) – Global Forecast 2023
Enterprise IoT Market Share - Overview
The IoT will have a great impact on the economy by transforming many enterprises into digital businesses and facilitating new business models, improving efficiency, and generating new forms of revenue. It is essential for enterprises to understand how the IoT can enable transformation of their business and industry. Utilities, industrial sectors, connected cars, healthcare and consumers are other verticals at the forefront of IoT investment. Leveraging IoT in vertical industries will definitely revolutionize the traditional way of doing things. These changes will lead to major opportunities for providers as well. The benefits of the IoT for business depend on the particular implementation, but the key is that enterprises should have access to more data about their own products and their own internal systems, and a greater ability to make changes as a result.
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Enterprise use of the IoT can be divided into two segments: industry-specific offerings like sensors in a generating plant or real-time location devices for healthcare; and IoT devices that can be used in all industries, like smart air conditioning or security systems. While industry-specific products will make the early running, by 2023 MRFR predicts that cross-industry devices will reach 4.4 billion units, while vertical-specific devices will amount to 3.2 billion units. IBM and Bosch have joined forces for developing new technologies for enterprise IoT and in order to deliver comprehensive IoT solutions for their respective organizations. Increasing adoption of BYOD and mobile devices is one major factor fuelling the growth of Enterprise IoT Market Share.
Major factor driving the growth of Enterprise IoT Market Share is the growing need for digitalization and increasing adoption of cloud platform. Reduction in cost of connected devices is another major factor driving the growth of Enterprise IoT Market Share. Development of wireless networking technologies is also another major factor responsible for fuelling the growth of enterprise IoT market.
The prominent players in Enterprise IoT Market Share are – Intel Corporation (U.S.), Cisco Systems, Inc. (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), IBM Corporation (U.S.), Google Inc. (U.S.), Hewlett Packard Enterprise (U.S.), Amazon Web Services, Inc. (U.S.), Bosch Software Innovations GmbH (Germany), Verizon Communications (U.S.) and others.
The Global Enterprise IoT Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding.
- Segmentation by component: Comprises solution (data management, network bandwidth management, remote monitoring, and security) and services (professional and managed services).
- Segmentation by platform: Comprises device management, application management and network management.
- Segmentation by enterprise type: Comprises SME and large enterprises.
- Segmentation by regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
Geographically North America holds the major market share in the market for global enterprise IoT market. The rapid digitalization across industry verticals and technological advancements have fuelled the growth of the market. With these developments, the enterprise Internet of Things market in North America has gained a significant share. Asia Pacific consists of emerging economies. The high adoption rate of new technologies has made this region a beneficial market for the IT industries. Moreover, the countries in this region are taking aggressive initiatives to upsurge the IT infrastructure, enabling the commercial users to adopt cutting-edge technologies.
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TABLE OF CONTENTS
LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 ENTERPRISE IOT MARKET, BY COMPONENT (%)
FIGURE 3 ENTERPRISE IOT MARKET, BY PLATFORM (%)
FIGURE 4 ENTERPRISE IOT MARKET, BY ENTERPRISE TYPE (%)
FIGURE 5 ENTERPRISE IOT MARKET, BY REGIONS (%)
FIGURE 6 NORTH AMERICA ENTERPRISE IOT MARKET, BY COMPONENT (%)
FIGURE 7 NORTH AMERICA ENTERPRISE IOT MARKET, BY PLATFORM (%)
FIGURE 8 NORTH AMERICA ENTERPRISE IOT MARKET, BY ENTERPRISE TYPE (%)
FIGURE 9 EUROPE ENTERPRISE IOT MARKET, BY COMPONENT (%)
FIGURE 10 EUROPE ENTERPRISE IOT MARKET, BY PLATFORM (%)
FIGURE 11 EUROPE ENTERPRISE IOT MARKET, BY ENTERPRISE TYPE (%)
FIGURE 12 ASIA-PACIFIC ENTERPRISE IOT MARKET, BY COMPONENT (%)
FIGURE 13 ASIA-PACIFIC ENTERPRISE IOT MARKET, BY PLATFORM (%)
FIGURE 14 ASIA-PACIFIC ENTERPRISE IOT MARKET, BY ENTERPRISE TYPE (%)
FIGURE 15 REST OF THE WORLD ENTERPRISE IOT MARKET, BY COMPONENT (%)
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