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Internet of Things (IoT) Market Worth USD 1463.19 Billion by 2027 Backed by Rising Awareness Regarding Precision Farming to Aid Market Growth, says Fortune Business Insights™

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Pune, India, May 11, 2021 (GLOBE NEWSWIRE) — The global internet of things market size is projected to reach USD 1463.19 billion by 2027 while exhibiting a CAGR of 24.9% during the forecast period. Heightening demand for artificial intelligence and twin technology and precision farming by industries worldwide will stoke the market growth, suggests Fortune Business Insights™ in its report, titled “Internet of Things (IoT) Market, 2020-2027”. The report mentions that the market stood at USD 250.72 billion in 2019. Factors such as the increasing adoption of IoT in precision farming and the healthcare sector are anticipated to boost the growth of the market during the forecast period. For instance, precision farming combines use of sensors, GPS, robots, AI, mapping tools, and different type of data-analytics software to customize care for plants.

COVID-19 Impact

COVID-19 pandemic has led to a severe economic downturn, impacting industries and businesses but demand for internet of things solutions have surged.  People are using advanced solutions that help to detect people who have symptoms or are infected. Besides, adoption this technology is helping the government officials to efficiently monitor the areas with high infection rate. Therefore, the growing adoption of these technologies is expected to favor the growth of the market positively amid the pandemic.

To get to know more about the short-term and long-term impact of COVID-19 on this market,

Please Visit: https://www.fortunebusinessinsights.com/industry-reports/internet-of-things-iot-market-100307

Segmentation

Based on components, the market is divided into platforms and solutions & services. By platform, the market is divided device management, cloud platform and network management.

Based on platform, the device management segment held a market share of about 35.5 %in 2020. The segment is expected to experience considerable growth as it provides industries with centralized management system and offers real time data of other integrated devices.

On this basis of end-user, the market is divided into BFS, retail, government, healthcare, manufacturing, agriculture, sustainable energy, IT& telecom and transportation. Lastly, in terms of geography, the market is categorized into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

Highlights of the Report

The global market for internet of things report gives a thorough analysis of the latest internet of things market share trends, top market segments, factors that are majorly driving the market. The different market segments, their regional analysis are discussed in the report. Additionally, it talks about the dominant strategies adopted by key market players and the impact of COVID-19 on the market.

Driving Factors

Rising Demand for Smart Sensors in Healthcare Sector to Propel Growth

The sensors measure inputs provided by users and transform them into raw data, which is then digitally stored to analyze the data and then pass on information through the internet. Therefore, the adoption of smart sensor devices has seen an upsurge in different sectors such as smart metering, security and emergency services, home automation, and the e-health sector. For example, the healthcare sector uses smart sensors devices to monitor remote patients. These smart devices are connected to the patient and measure their vitals, such as glucose level, brain activity, blood pressure, and cardiac status. The data is then accessible to doctors present at any location. This helps doctors to analyze the patient’s data and then provide them with correct recommendations. Therefore, the high demand from the healthcare sector is expected to favor the global internet of things (IoT) market growth in the forthcoming years.

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Regional Insights

Asia-Pacific to Remain at Forefront; Increasing Focus on Development of Smart Cities to Aid Growth

Asia-Pacific is expected to remain dominant and hold the largest global internet of things (IoT) market share during the forecast period. China is expected to be leader in this region, as they also are looking forward to expand industries such as robotics, autonomous and electric vehicles, artificial intelligence (Al), biotech, and aviation under Made in China 2025 Plan, which is likely to boost the demand for the IoT solutions.

Moreover, the Indian government has implemented the Make in India policy that will help them establish technology programs for the industries and start-ups. Also, the government’s plan to build 100 smart cities in the country will create a massive and quick expansion of the market.

North America is anticipated to hold a major share in the market revenue owing to the presence of number of key market players in the region.  Investment from the government and private venture capitalists in the IoT market has increased as many start-ups in the country are also rising. For instance, in the year 2018, United States did major venture capital (VC) investments in the IoT market by companies such as Robert Bosch, Amazon, and others, fueling the regional market.

Competitive Landscape

Key Players to Expand their Solutions to Intensify Industry Competition

Top entities in the market are expanding their services, and they are coming up with new launches and widening their offerings to expand in their market. For example, Cisco Systems offers IoT solutions throughout manufacturing, retail, transportation, and more. The company believes in providing its services to its partners to help them grow their loT businesses. The company is investing highly in R&D services to come with advanced solutions to serve around 67,000 firms around the globe. Additionally, Cisco is majorly investing in iot security platforms, as in January 2020 it launched its security architecture under its security intelligence group Cisco Talos. This will improve IT and operational technology and visibility.

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Industry Developments

  • March 2020 Cisco Systems and Microsoft collaborated to integrate their loT hub solution with Cisco-Edge-to Microsoft-Azure. It will help to create various apps for enterprises.
  • February 2019 SAP SE introduced SAP Leonardo loT solution. This will support industries and enterprises with digital transformation.  

List of Key Players in Profiled in the Market:

  • Amazon.com Inc.
  • AT&T Inc
  • Bosch Software Innovations GmbH
  • Cisco Systems, Inc.
  • IBM Corporation
  • Intel Corporation
  • Oracle Corporation
  • Microsoft Corporation
  • SAP SE
  • Siemens AG

Quick Buy – Internet of Things Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/100307

Major Table of Contents:

  • Introduction
    • Definition, By Segment
    • Research Approach
    • Sources
  • Executive Summary
  • Market Dynamics
    • Drivers, Restraints and Opportunities
    • Emerging Trends
  • Key Insights
    • Macro and Micro Economic Indicators
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Forces Analysis
    • Impact of COVID-19
      • Short-term Impact
      • Long-term Impact
  • Global Internet of Things (IoT) Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Size Estimates and Forecasts
      • By Component
        • Platform
        • Solution and Services
      • By Platform (Value)
        • Device Management
        • Cloud Platform
        • Network Management
      • By Solution (Value)
        • Real-Time Streaming Analytics
        • Security
        • Data Management
        • Remote Monitoring
        • Network Band Management
      • By End-use (Value)
        • BFSI
        • Retail
        • Government
        • Healthcare
        • Manufacturing
        • Agriculture
        • Sustainable Energy
        • Transportation
        • IT & Telecom
        • Others

TOC Continued…!

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Have a Look at Related Research Insights:

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About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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Artificial Intelligence

Clario awarded SAS Global Service Provider Partner of the Year

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This award recognizes Clario’s commitment to delivering the levels of excellence and innovation required to ensure data integrity in clinical trials.
Clario receives award for its broad endpoint technology solutions and scientific expertise, which together enhance data integrity and regulatory compliance for its customers.Clario’s services, combined with SAS® analytics solutions, set a new benchmark in data management, underscoring the value Clario brings to its customers.Coupled with Clario’s support of 62% of last year’s FDA approvals and the two recent data security certifications, these accomplishments emphasize its significant contribution to healthcare research advancements.PHILADELPHIA, April 23, 2024 /PRNewswire/ — Clario, a healthcare research and technology company that delivers the leading endpoint technology solutions for clinical trials, today announced it has been awarded the 2024 SAS Global Service Provider Partner of the Year for delivering superior value to its customers. SAS, a leader in data and AI, celebrated the recipients of its annual partner awards at SAS Innovate, its flagship event for business leaders, technical users and SAS Partners. This award recognizes Clario’s commitment to excellence and innovation, which together ensure that the clinical trial data Clario delivers to its customers meets stringent data integrity standards and global regulatory compliance requirements.

Clario has consistently demonstrated its expertise in developing and integrating advanced technological solutions to meet the evolving clinical trial needs of its customers. Clario’s services, combined with SAS technology, standardize clinical data for regulatory compliance purposes. This standardization streamlines the regulatory review process, ensures data integrity, and facilitates compliance with regulatory standards set by entities such as the Food and Drug Administration (FDA) and the European Medicines Agency (EMA).
“We are honored to be recognized as the SAS Global Service Provider Partner of the Year. This award reaffirms our commitment to leading the way in innovative technological solutions for high-quality and more consistent clinical trials for our customers around the world,” said Jay Ferro, Chief Information, Technology and Product Officer at Clario. “Having supported 62% of the FDA approvals last year, along with our recent data security milestones ISO 27001:2022 certification and SOC2 Type II attestation, Clario is powering the advancement of healthcare research, ensuring we meet the highest standards in data management.”
Clario’s broadest endpoint technological solutions and its partnership with SAS address the challenges of data management in healthcare research. This collaboration not only ensures data integrity and streamlines regulatory processes but also underscores the value it brings to its customers.
For more information on Clario and its clinical trial data management platform, please visit Clario.com.
About Clario
Clario is a leading healthcare research and technology company that generates the highest quality clinical evidence for our pharmaceutical, biotech, and medical device partners. We offer comprehensive evidence-generation solutions that combine eCOA, cardiac safety, medical imaging, precision motion, and respiratory endpoints.
Clario’s science, technology, and operational experts have helped deliver over 26,000 trials and contributed to over 800 regulatory approvals in more than 100 countries. For more than 50 years, we have provided deep scientific expertise and the broadest endpoint technologies to help transform lives around the world.
Clario Media Contact:Alexis NavratilCommunications [email protected]
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Clarivate Acquires Global QMS, Inc., Expanding Life Sciences & Healthcare Segment into New Markets

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Acquisition supports critical client workflow and reporting needs with proprietary SaaS platform, automating regulatory report authoring and compliance across manufacturing operations, supply chain and quality management
LONDON, April 23, 2024 /PRNewswire/ — Clarivate Plc (NYSE:CLVT) a leading global provider of transformative intelligence, today announced that it has acquired Global QMS, Inc., known as Global Q, a provider of cloud-based solutions that enable life sciences clients to automate regulatory reporting and compliance management. Financial terms of the transaction were not disclosed. 

Global Q supports leading pharma, medtech and biotech companies by providing comprehensive access to linked and standardized workflow-ready data via its SaaS platform, Optiqs360 Digital™. The platform includes MediGPT – WorkCenter™ and MediGPT – IntelliWriter™, solutions that provide clients with interconnected data visibility and common user interfaces, across internal and external sources of record. The tools support the complex workflows and reporting needs of clinical, regulatory, product lifecycle and quality management professionals, significantly streamlining annual product reviews, medical device reports and supply chain insights. 
Clarivate brings together connected data, deep expertise and intelligence solutions to empower life sciences and healthcare companies to deliver safe, effective and commercially successful treatments to patients faster. The acquisition of Global Q bolsters a robust integrated platform of life science intelligence solutions from pre-clinical and clinical offerings and further expands Clarivate capabilities in manufacturing and supply chain management to include regulatory report authoring and compliance management. The workflow and reporting capabilities of Global Q complement the Clarivate Cortellis Generics Intelligence solution for Active Pharmaceutical Ingredient (API) tracking. The addition of these cloud-based solutions will serve to embed Clarivate into critical client workflows and enable the expansion of Clarivate services into new markets.
Henry Levy, President, Life Sciences & Healthcare, Clarivate, said: “Clarivate continues to explore, develop and integrate next-generation workflow automation software that streamlines and digitizes manual workflows. The acquisition of Global Q builds on our strategy to deliver solutions that empower our clients to advance treatments that improve patient lives. The combined expertise, data and technologies of Clarivate and Global Q will help to address the client need for connected data to support complex analyses and evidence-based decisions in the life sciences.”
Mitch Hayes, Founder & Chief Executive Officer, Global QMS, Inc., said: “The acquisition of Global Q by Clarivate reinforces our joint missions to help global organizations obtain profound insights and efficiencies in bringing life-saving therapies to their patients worldwide. The combined business will further the vision of putting contextually aware intelligence directly into our customers’ workflows and facilitating their daily tasks in ways never before possible.”
Life sciences professionals responsible for new product development, manufacturing and regulatory compliance are looking to connect the dots across multiple data points to accelerate their treatment and prevention efforts and realize better patient health outcomes. Harmonized and connected data sources can address the industry need for content authoring automation spanning multiple systems and workflows. The acquisition of Global Q enables Clarivate to seamlessly tap into the digital thread market, allowing for proprietary data and insights gleaned from Clarivate solutions to frictionlessly be integrated into customer workflows.
Following the successful acquisition and integration of companies, including Decision Resources Group (DRG), Bioinfogate, Patient Connect, Dialog (part of ProQuest) and IP from MotionHall, the acquisition of Global Q further demonstrates the continuing investment by Clarivate in high-value data, analytics and innovative technology paired with deep subject matter and technical expertise within its Life Sciences and Healthcare segment.
As a trusted partner in shaping the future of healthcare, Clarivate proactively addresses industry demands through intelligence platforms that connect data and use AI and advanced analytics to revolutionize patient engagement, overcome access barriers and fulfill unmet needs. The complementary solutions of Clarivate and Global Q will better position the company in a market that favors innovative tech-enabled providers with end-to-end capabilities and unique market-leading data sets.
Forward-Looking Statements This communication contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management’s current views concerning future business, events, trends, contingencies, financial performance, or financial condition, appear at various places in this communication and may use words like “aim,” “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “goal,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “see,” “seek,” “should,” “strategy,” “strive,” “target,” “will,” and “would” and similar expressions, and variations or negatives of these words.  Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on management’s current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are difficult to predict and many of which are outside of our control. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include those factors discussed under the caption “Risk Factors” in our most recent annual report on Form 10-K, along with our other filings with the U.S. Securities and Exchange Commission (“SEC”). However, those factors should not be considered to be a complete statement of all potential risks and uncertainties. Additional risks and uncertainties not known to us or that we currently deem immaterial may also impair our business operations. Forward-looking statements are based only on information currently available to our management and speak only as of the date of this communication. We do not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, except as otherwise required by securities and other applicable laws. Please consult our public filings with the SEC or on our website at www.clarivate.com.  
About Clarivate Clarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com 
About Global QMS, Inc.Global QMS, Inc., known as Global Q, is a provider of a cloud-based intelligent workflow platform that gives our customers an interconnected workspace that allows them to have a composite view of all their product data (“digital threads”), including internal R&D, post market, regulatory, manufacturing, and others, as well as external feeds and real-world data.
Media Contact: Catherine Daniel, Director, External Communications [email protected]
Investor Relations Contact  Mark Donohue, Head of Investor Relations [email protected]  
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9fin grows leadership team with VP Content promotion

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9fin has bolstered its senior leadership team with an internal promotion for a newly created VP Content positionThe promotion demonstrates the strong bench of leadership talent at 9fin and will ensure the company’s content offering continues to be best in classThe company continues to expand with open roles in its US and UK officesNEW YORK, April 23, 2024 /PRNewswire/ — 9fin (https://9fin.com/), a news and analytics platform for debt capital markets, has announced the promotion of Will Caiger-Smith to VP Content, as the business continues to scale rapidly across Europe and the US.

Will was previously 9fin’s US Managing Editor. In his new VP Content role, he joins Jen Speirs, who was promoted to VP Operations last year, in the company’s growing leadership team.
Both VP positions have global mandates and demonstrate 9fin’s continued investment in people and its commitment to rapidly progressing talented leaders within the business.
As VP Content, Will directs all news and analytics across the editorial, credit, legal and ESG teams. The promotion comes as 9fin has expanded from its core leveraged finance coverage into private credit, distressed debt, and structured credit (CLOs) across Europe and the US. These new verticals further the company’s mission to be the #1 provider of data, news and analytics globally across debt capital markets.
Will continues to report directly to 9fin’s CEO and co-founder Steven Hunter.
Will Caiger-Smith commented:
“I joined 9fin because I believed the company and its founders had the vision and technology to build the comprehensive debt intelligence platform the market needs,” said Will. “In my two and a half years at this company, that belief has only intensified. I’m delighted to be driving forward the content side of the business.”
Steven Hunter, CEO and co-founder of 9fin, said:
“I’ve been incredibly impressed by Will’s contributions to scaling 9fin in just a couple of years. He opened and scaled our US office from scratch and has built a world-class team. I am delighted to see him promoted into a new expanded role and join Jen as part of our VP level leadership. I am excited to work with them both to take 9fin to the next level”
About 9fin
9fin is the faster, smarter way to find intelligence on leveraged credit. Our AI-powered data and analytics platform centralises everything that’s needed to analyse a credit or win a mandate in one place, helping subscribers win business, outperform their peers, and save time. 9fin is trusted by the largest asset managers in the world, leading law firms and advisers  in debt capital markets, and nine of the top 10 investment banks.
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