Internet of Things Market to Have 21.40% Cagr from 2015 to 2021: Transparency Market Research

Transparency Market
Research
Internet of Things Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast
2015 – 2021

Published Date
2015-10-20

69 Page Report

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Press Release

Healthcare and Consumer Electronics Industries to Drive Next
Phase of Growth in Internet of Things Market : Transparency
Market Research
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Internet of Things Market

REPORT DESCRIPTION

The Internet of Things refers to the network of physical objects that attribute an IP address for internet
connectivity. Internet of Things is defined as an invisible and intelligent network of things that
communicate indirectly or directly with each other. Internets of Things enable communication between the
physical objects and other internet-enabled systems and devices. In addition, Internet of Things also
makes the life of consumers much more comfortable and easier by controlling the electronic devices from
one place. Furthermore, technological advancement in the field of healthcare, government initiatives for
expansion of the Internet of Things and need to increase efficiency and cost reduction are the major
factors that are driving the Internet of Things market globally.
Browse the full Internet of Things Market report at
http://www.transparencymarketresearch.com/internet-of-things-market.html
Among all the application segments, industrial holds the largest market share at present in the Internet of
Things market. The potential for cyber physical systems to improve productivity in the supply chain and
production process are increasing the demand of industrial sector in Internet of Things market. Healthcare
and consumer electronics sectors are expected to be the fastest growing applications in the Internet of
Things market globally. In 2014, automotive sector is the second largest...