The Business Research Company’s latest report Internet Of Things (IoT) Global Market Report 2020 covers Internet Of Things (IoT) market drivers, Internet Of Things (IoT) market trends, Internet Of Things (IoT) market segments, Internet Of Things (IoT) market growth rate, Internet Of Things (IoT) market major players, and Internet Of Things (IoT) market size. The report provides in-depth analysis of the impact of COVID-19 on the Internet Of Things (IoT) industry, along with revised market numbers due to the effects of the coronavirus.
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Internet Of Things (IoT) Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global internet of things market is expected to decline from $255.83 billion in 2019 to $247.97 billion in 2020 at a compound annual growth rate (CAGR) of -3.07%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $519.87 billion in 2023 at CAGR of 27.99%.
The report covers the IoT market’s segments-
1) By Platform: Device Management, Application Management, Network Management.
2) By End Use Industry: BFSI, Retail, Government, Healthcare, Manufacturing, Transportation, IT & Telecom, Others.
3) By Application: Building And Home Automation, Smart Energy And Utilities, Smart Manufacturing, Connected Logistics, Smart Retail, Smart Mobility And Transportation, Others.
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