IoT: Key market research findings
- Increased collaboration between IoT and M2M services
- Growth in mobile network infrastructure
Technavio has added a new market research report on the IoT market in Russia, to its IoT portfolio. The IoT market in Russia is expected to generate revenue worth US $1470 million between 2015 and 2019 due to increased demand from media, telecommunication, healthcare, BFSI, and manufacturing sectors.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, the machine-to-machine (M2M) technology has gained wide prominence in the Russian IoT market. Increased use of M2M services has boosted this market’s growth considerably as it enables communication between networked devices and performs actions without any human intervention. Moreover, increased usage of connected devices has enhanced the demand for M2M communication for better management and monitoring, thus scaling up the adopting of IoT,” says Navin Rajendra, Lead Analyst, IT Services, Technavio Research.
Various networks such as satellite networks and mobile networks are increasingly offering IoT application services. The mobile networks have extended their reach through 3G and 4G technologies which improves the bandwidth offered by the service providers, speeding up data transmission. Expansion of mobile networks have facilitated network efficiency, thereby increasing the number of IoT users.
The leading vendors in the IoT market in Russia include Axiros, Cisco, INTECH, and Intel. Software and telecom vendors dominate the IoT market in Russia. MNCs, network services providers, and M2M players are rapidly adopting M&A strategies to improve their presence and increase their customer reach in Russia. The market is predicted to witness the entry of many new vendors with numerous M2M offerings during the forecast period.
A more detailed analysis is available in the Technavio report, IoT market in Russia 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
- Global IoT Devices Market 2015-2019
- Global Industrial IoT Market: Research report 2015-2019
- Global IoT Security Market 2015-2019
- Internet of Things (IoT) Market in China 2015-2019
- Global Internet of Things (IoT) Market 2015-2019
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