[July 19, 2016]

World Internet of Things (IoT) Market Forecasts to 2022 - Lack of Shared Infrastructure & Common Standards are Key Challenges - Research and Markets

Research and Markets has announced the addition of the "World Internet of Things (IoT) Market - Opportunities and Forecasts, 2014 - 2022" report to their offering.

Internet of Things is the interconnection of the computing devices and various objects through the existing Internet infrastructure. Evolution in the convergence of wireless technologies, internet and micro-electromechanical systems has made IoT and machine to machine (M2M) technologies possible.

Presently, 51% of the population lives in metro cities; hence, the IoT market has numerous opportunities to grow. Gaming would be one of the biggest technology trends that would happen on IoT in future. There are various challenges in IoT ecosystem due to which the ecosystem is yet to gain popularity amongst the people.

Lack of shared infrastructure, lack of common standards, control over the data, and data sharing are some of the challenges that must be addressed by the IoT to gain popularity. As IoT is a novel concept, a giant playe in the IoT market named Cisco (News - Alert) is developing Asia's first Internet of Things hub in Asia Pacific region. This concept would help the Asia Pacific region to create a smart city environment.

The global market can be segmented based on various technologies used to interconnect different entities, components, application, end-users and geography. The segmentation is done for the purpose of in-depth analysis of the entire IoT market. The technologies segment would be further segmented as Radio frequency Identification (RFID), Gateways, Cloud Management, Near Field Communications and Zigbee.

Market Segments:

Market By Technology -

• Radio frequency Identification (RFID)
• Gateways
• Cloud Management
• Near Field Communications
• Zigbee
  

Market By Components -

• RFID
• Pressure sensors
• Network communications
• Data processing
  

Market By Applications -

• Environment monitoring
• Infrastructure management
• Industrial applications
• Energy management
• Medical and healthcare systems
• Building
• Home Automation
• Transport systems.
  

Market By End User -

• Retail
• Energy & Power
• Healthcare
• Transportation
• Telecom and IT
• Industrial and commercial Constructions
• Manufacturing.
  

For more information visit http://www.researchandmarkets.com/research/br6z3n/world_internet_of

View source version on businesswire.com: http://www.businesswire.com/news/home/20160719006358/en/

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