Global Internet of Things Market: Industry Trends and Regional Forecast to2019-2030
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Bharat Book Bureau Provides the Trending Market Research Report on “Internet of Things Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030” under Media & Technology Category. The report offers a collection of superior market research, market analysis competitive intelligence and Market reports.
Global impact of COVID-19 on Internet of Things (IoT) market size is expected to grow from USD 150 billion in 2019 to USD XXX billion by 2030, at a Compound Annual Growth Rate of XX% during the forecast period.
Factors such as increased focus on remote monitoring, growing smart payments technology in order to minimize human interaction in cash payments and rising wearable devices demand drive the market growth.
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Internet of things Market: Segments
The Internet of things Market can be segmented on the basis of component, vertical, and region.
By technology it can be classified into software segment, platform and services. The software segment is predicted to grow with highest CAGR of 20.24% over the forecast period. The software segment is to hold the largest market as with the rising covid-19 IoT software solutions such as manufacturing and others have taken a big hit, but organizations are changing their priorities.
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