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Sep 17, 2020 (Market Insight Reports) —
Selbyville, Delaware According to Market Study Report, Has Added A New Report On Green Internet of Things (IOT) Market That Provides A Comprehensive Review Of This Industry With Respect To The Driving Forces Influencing The Market Size. Comprising The Current And Future Trends Defining The Dynamics Of This Industry Vertical, This Report Also Incorporates The Regional Landscape Of Green Internet of Things (IOT) Market In Tandem With Its Competitive Terrain.
According to research report a??Global Green Internet of Things (IOT) Market Analysis, 2020a??, the green IoT market across the globe is forecast to grow at the astronomical CAGR during 2020-25. The major key factors contributing to the market growth of green IoT are the emerging need for energy conservation due to the huge number of IoT and connected devices. It is estimated that until 2025, there would be around 41.6 billion connected devices globally. However, the COVID-19 pandemic impacted the Green IoT market in 2020, due to low demand for the solutions and services across the globe. It is expected that the demand would achieve normalcy in 2021 with the recovery of global economy.
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The Global Green IoT Market Analysis, 2020 market research report depicts a deep dive market analysis of statistics of Global Green IoT market which consists of global and region-wise market size, forecast, CAGR, market segmentation, market share of various components, node components, network infrastructure, application areas, connectivity technology, etc.
Furthermore, the governmentsa?? stringent regulation for energy efficiency to reduce energy consumption is resulting in the deployment of green IoT solutions. Also, the surging number of smart homes, smart wearables, smart city, industrial intranet, connected cars, smart farming, and supply chain are some of the key contributing factors which are resulting in the demand for green IoT solution to limit the energy consumption.
Asia Pacific to Emerge as an Opportunity Area for Green IoT
North America, being the early adopter of technology grabbed the major market share in 2019. The increasing IoT spending in the U.S and Canada coupled with the IoT connected devices is resulting in the growth of green IoT solutions. In 2019, the U.S spent around USD 192 billion on IoT. Furthermore, the availability of numerous local and foreign solution providers in the region would contribute to the market share growth of green IoT. However, APAC is expected to grow at a robust pace in the forecast period of 2020-25 owing to the increasing investment in R&D for technological development for an energy-efficient solution.
Software Segment to Dominate Market During 2020-25
In 2019, the software segment grabbed the major market share in 2019, and the same trend is expected in the forthcoming years. The increasing industrial IoT deployment resulted in the growing need for software as per the requirement. Besides, the integration of other technologies such as AI and ML in the green IoT is contributing to the growth in the demand for software. Furthermore, the need for consultation, support, and maintenance are some of the key factors due to which the market share of the software segment is on the rise.
The manufacturing and healthcare sectors would grab a considerable share in the forthcoming years due to the increasing investment in IT solutions in the manufacturing sector. Moreover, growing energy consumption due to rise numbers of IoT deployment and connected devices is resulting in the demand for green IoT, as revealed by the market research report a??Global Green Internet of Things (IOT) Market Analysis, 2020a??.
According to the availability of numerous local and foreign players in regions makes the global industry highly competitive. The key players with a considerable share in the industry are Intel Corporation, SAP SE, Cisco, Microsoft Corporation, IBM, Oracle, PTC Inc., Google, HP Enterprises, Amazon Wen Services, Bosch Software Innovation GmBH, General Electric, Telit, among others. The players are launching new products, doing strategic alliances to gain a competitive advantage in the industry.
Key Questions Answered in the Market Research Report
- What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Green IoT Industry?
- What are the region-wise industry size, growth drivers and challenges, and key market trends?
- What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges Global Green IoT market?
- Who are the key competitors or market players and how they perform in the Global Green IoT Industry benchmarking matrix?
- What are the key results derived from the market surveys conducted during the course of the Global Green IoT market study?
Market Outlook, Segmentation and Statistics
a?? Market Size & Analysis
o Market Revenues
a?? Market Share & Analysis
o By Components
Real Time Streaming Analytics
Network Bandwidth Management
By Node Components
By Network Infrastructure
Ethernet switch and Routing
By Application Areas
Energy and Utilities
Government and Defence
Logistics and Supply Chain
IT & Telecom
By Connectivity Technology
Bluetooth Low Energy
Near Field Communication
o By Leading Companies
Strategic Factorial Indexing
Competitors Alignment in Competition Quadrant
Frequently Asked Questions
- What is the historical year, base year and forecast year considered in the research report on Global Green IoT Market?
- The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
- What are the units or denomination for measuring market value in the report?
- The market size/industry size or the market value is measured in terms of USD Million.
- What would be the growth rate or CAGR of Global Green IoT Market during 2020-25?
- The Global Green IoT Market is expected to grow at the exponential CAGR of around 45% during 2020-25.
- Which region would grab the highest market share during 2020-25?
- It is forecast that North America will dominate the market with majority market share, and market size registering considerably higher CAGR.
- Who are the key competitors or players operating Global Green IoT market?
A Intel Corporation, SAP SE, Cisco, Microsoft Corporation, IBM, Oracle, PTC Inc., Google, HP Enterprises, Amazon Wen Services, Bosch Software Innovation GmBH, General Electric, Telit, Others, are the leading players in the Global Green IoT market.
- Which Component would emerge as an opportunity area for players in Global Green IoT Market?
- The Software Segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
- Which application area waste would emerge as an opportunity area for players in Global Green IoT Market?
- The manufacturing segment grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and service provider of Green IoT Market.
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