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(India.CityRegions.Com, September 18, 2018 ) The Global Internet of Things Technology Market was valued at USD 516.40 Billion in 2017 and is projected to reach 783.3 USD Billion by 2025, growing at a CAGR of 23.7% from 2018 to 2025.
The Internet of Things technology is a system that aids organizations efficiently manage the identities of the users that are connected to the networking devices and performing business-critical applications. The innovations in technology have boosted the use of IT systems, digital solutions, and connected devices. There are several advantages linked to the usage of the internet of things technology such as the increase in the efficiency, the competency of the system to identify risks as well as a large amount of security it provides.
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Recently, there has been a significant increase in the adoption of technologies that have implemented the biometric system such as laptops, tablets as well as smartphones. This, as well as the rise in the implementation of systems such as the Bring Your Own Device as well as the increasing number cybersecurity breaches and attacks, are factors that drive the market for the internet of things technology. The factors such as the budget constraints, security concerns as well as the absence of technological expertise in the field of Internet of Things Technology solutions are restraining the Internet of Things Technology market.
The “Global Internet of Things Technology Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such Cisco Systems, General Electric (GE), Start-Up Ecosystem, PTC, Qualcomm, IBM, Symantec, Amazon Web Services (AWS), Texas Instruments, Intel, STMicroelectronics Hewlett Packard Enterprise (HPE) and Alphabet. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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