TechNavio today launched its report Global Internet of Things Market 2012-2016 based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Telecom team said: ”Internet of Things (IoT) services can be provided over various networks such as satellite networks and mobile networks. Currently, mobile networks are expanding their reach considerably. As 3G and 4G networks are undergoing expansion, service providers are able to provide higher bandwidth to their customers. This enhances the quality of IoT services and hastens data transmission. Developing IoT services is an advantage for mobile operators that provide 3G and 4G services through their network. This is because 3G and 4G services facilitate faster data transmission and also, improve network efficiency. Hence, as mobile networks expand, the number of IoT users also increases.”
According to the report, the growing number of connected devices across the world is a major factor that drives the demand for IoT communication. Connected devices include portable navigation devices, media players, and imaging devices with cellular connections. The number of connected devices across the world is expected to increase by 2016. As the number of devices increases, it becomes increasingly difficult to manage, monitor, and maintain them. Thus, the demand for machine-to-machine (M2M) and machine-to-human communication increases as it helps end-users simplify the management and maintenance of connected devices. This need is expected to lead to the increased adoption of IoT, resulting in the growth of the Global IoT market.
Further, the report discusses that one of the main challenges is the widespread concern regarding the security and privacy of the data in IoT networks.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-internet-things-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Telecom market research, please visit https://www.technavio.com/telecom
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research report – Global Internet of Things Market 2012-2016
