Contact Us
Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

The internet of things (IoT) is an infrastructure of interconnected mechanical and digital machines, people, computing devices or systems that process and respond to physical and virtual information with unique identifiers (UIDs). IoT provides the ability to transfer data over a network without requiring machine-to-machine (M2M), person-to-person (P2P), and person-to-machine (P2M) interaction. 

Factors Driving Growth of the Global IoT Infrastructure Market

IoT has changed the way machines interact with humans and other machines. The sensors that form the building blocks for IoT create tons of data every minute and every day. Various organizations and government bodies are using big data analytics and other smart technologies, which are expected to boost the communication infrastructure, which in turn will be used for lighting, parking, traffic, and waste management; citizen engagement; safety and security. In addition to this, favourable government initiatives related to smart city projects across the globe are expected to fuel growth of the global IoT infrastructure market. Governments across the globe are creating favorable policies and heavily investing in smart city projects. For instance, in June 2015, the Government of India launched ‘100 Smart Cities Mission’ with an allocated budget of US$ 6.9 billion.  Moreover, increasing adoption of internet of things (IoT) by supply chain, manufacturing, and retail industries to optimize workflow, for better allocation and utilization of assets, and to reduce operating costs is expected to drive growth of this market.

Factors Restraining Growth of the Global IoT Infrastructure Market

Concerns over security and privacy of the data is a major factor that is expected to restrain growth of the market. Moreover, cyber-attacks and data theft can also pose a threat to the market.

Regional Analysis of IoT Infrastructure Market

On the basis of region, the global IoT infrastructure market is segmented into North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

In 2018, North America region accounted for the largest share in the IoT infrastructure market and is expected to hold dominant position in the market over the forecast period. Countries such as the U.S. have already implemented smart solutions in their cities. For instance, in 2017, the street traffic control system was adopted in Atlanta. This street traffic control system uses data from multiple sources and AI elements, and uses the data generated through these systems in automated traffic lights for drivers and pedestrians, automatic green corridors for emergency vehicles, and warnings for pedestrians among others. The adoption of systems such as smart street lighting, smart waste management, and smart traffic control for public utilities, transportation and services is driving the IoT infrastructure market.

Moreover, increasing adoption of smart technologies such as automation, artificial intelligence, etc. are fuelling growth of IoT infrastructure market in North America region.

Asia Pacific is expected to be the fastest-growing region during the forecast period (2019-2027). Increasing demand for connected infrastructure in emerging economies such as India and China is driving the market growth in Asia Pacific region.

Key Players in the Global IoT Infrastructure Market

Some of the key players operating in the global IoT infrastructure market include CISCO Systems, INC., Amazon Web Services Inc., Accenture PLC, IBM Corporation, Microsoft Corporation, SAP SE, Oracle Corporation, Intel Corporation, PTC Inc., and AT&T Inc.

Global IoT Infrastructure Market: Taxonomy

The global IoT infrastructure market is segmented on the basis of technology, platform, component, application, and region.

  • On the basis of technology, the market is segmented into:
    • Sensor
    • RFID
    • Connectivity technology
    • Others
  • On the basis of platform, the market is segmented into:
    • Network management
    • Device management
    • Application management
    • Others
  • On the basis of component, the market is segmented into:
    • Hardware
    • Software
      • IT security software
      • Data management software
      • Communication and collaboration software
      • Software analytics
      • Remote monitoring
      • Bandwidth management
      • Others
    • Services
      • Professional Services
      • Managed Services
  • On the basis of application, the market is segmented into:
    • Utilities
    • Healthcare
    • Smart transportation
    • Smart buildings
    • Smart homes
    • Others
  • On the basis of region, the market is segmented into:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Subscribe Newsletter

Kindly Subscribe for our latest news & articles.