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The global Internet of Things (IoT) Market estimated to be valued US$ 382.47 Bn in 2022 and poised to grow at significant CAGR 23.6% over 2022-2028. Global internet of things market report gives comprehensive outlook on internet of things across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global internet of things market gives historical, current, and future market sizes (US$ Mn) on the basis of platform, service, software solution, end user and region. This report studies global internet of things market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global internet of things market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global internet of things market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global internet of things market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global internet of things products. Factors which are propelling the market are rising demand for internet of things across various end user sectors, emergence of wireless networking technologies and rise in cloud platform adoption. However, increasing number of data security & privacy concerns and interoperability issues and lack of common standards are hampering the market growth. An increasing use of cloud computing networks in a variety of platforms is majorly driving the global internet of things market. Moreover, with rising use of smartphone devices, the market is expected to grow with leaps and bounds in the near future. Many players are expected to bring forth new technologies to the table, which could certainly propel the market extensively. Moreover, the emergence of advanced data processing and analytics coupled with reduction in the cost of connected devices is further expected to induce an extensive acceleration in the global internet of things market’s growth. In addition, in today’s world internet service is required in almost every sector. Such a high dependency on the internet too is majorly proving to be beneficial to the global internet of things market splendid growths. Global Internet of Things (IoT) Market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in 2019, IBM Corporation announced a collaboration with Sund & Bælt, which owns and operates some of the largest infrastructures in the world, to assist in IBM’s development of an AI-powered IoT solution designed to help prolong the lifespan of aging bridges, tunnels, highways, and railways.
