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Global Internet of Things (IoT) Market Size To Hit USD 1,842 Billion by 2028 at a 24.5% CAGR Growth (with COVID-19 Analysis): Facts & Factors

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London, United Kingdom, Jan. 13, 2022 (GLOBE NEWSWIRE) — Facts and Factors has published a new research report titled “Internet of Things (IoT) Market By Software Solution (Data Management, Security Solution, Network Bandwidth Management, Remote Monitoring System, and Real-Time Streaming Analytics), By Platform (Network Management, Application Management, and Device Management), By Service (Consulting service, Support and maintenance, Deployment and integration, Managed service, and Professional service), By Application (Smart Manufacturing, Smart Energy & Utilities, Smart Mobility & Transportation, Building & Home Automation, Smart retail, Connected Logistics, and Others), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2021–2028” in its research database.

“According to the latest research study, the demand of global Internet of Things (IoT) Market size & share was valued at approximately USD 310 Billion in 2020 and is expected to reach a value of around USD 1,842 Billion by 2028, at a compound annual growth rate (CAGR) of about 24.5% during the forecast period 2021-2028.”

The COVID scenario, along with the economic slump, has altered the market figures for the entire international market. An in-depth research on the primary and secondary drivers of the Internet of Things (IoT) market, as well as production figures, market share figures, leading segments figures, and regional analysis figures, is presented in this report (such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa.)

What is the Internet of Things (IoT)? How has the Internet of Things (IoT) impacted business?

  • Market Overview & Coverage:

Internet of Things (IoT) is a system of interconnected devices dedicated to performing a single or a set of functions. Networking technology connects various devices embedded via software, electronics, sensors, and wireless chips, within a system. IoT plays a vital role in building smart communication environments like smart homes, smart transportation, smart healthcare, smart shopping, and so on.

Request Your Free Sample Report of the Global Internet of Things (IoT) Market @ https://www.fnfresearch.com/sample/global-internet-of-things-iot-market-by-software-792

(The free sample of this report is readily available on request).

Our Free Sample Report Includes:

  • 2021 Updated Report Introduction, Overview, and In-depth industry analysis
  • COVID-19 Pandemic Outbreak Impact Analysis Included
  • 170+ Pages Research Report (Inclusion of Updated Research)
  • Provide Chapter-wise guidance on Request
  • 2021 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
  • Includes Updated List of tables & figures
  • Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
  • Facts and Factors research methodology

(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)

Industry Major Market Players

  • General Electronics
  • Microsoft Corporation
  • Amazon Web Services
  • International Business Machine (IBM) Corporation
  • Google Inc.
  • Cisco Systems Inc.
  • Hewlett Packard Enterprise
  • SAP SE
  • Bosch Software Innovation GmBH
  • Intel Corporation
  • PTC Inc.
  • Oracle Corporation

Key questions answered in this report:

  • What is the size of the Internet of Things (IoT) market and what is its expected growth rate?
  • What are the primary driving factors that push the Internet of Things (IoT) Market forward?
  • What are the Internet of Things (IoT) Industry’s top companies?
  • What are the different categories that the Internet of Things (IoT) Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Internet of Things (IoT) Market sample report and company profiles?

Key Offerings:

  • Market Size & Forecast by Revenue | 2021−2026
  • Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
  • Market Segmentation – A detailed analysis by Software Solution, by Platform, by Service, by Application, and by Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Directly Purchase a copy of the report with TOC @
https://www.fnfresearch.com/buynow/su/global-internet-of-things-iot-market-by-software-792

Global Internet of Things (IoT) Market: Growth Factors

  • Smart City Programs are Expected to Grow in Numbers, Spurring Market Growth

Increased demand for Internet of Things (IoT) devices is expected to increase as the globe moves towards urbanization, with an increase in the number of smart city projects and an increase in government investment in the digital network.

Global Internet of Things (IoT) Market: Report Scope

Report Attribute Details
Market Size in 2020 USD 310 Billion
Projected Market Size in 2028 USD 1,842 Billion
CAGR Growth Rate 24.5% CAGR
Base Year 2020
Forecast Years 2021-2028
Key Market Players General Electronics, Microsoft Corporation, Amazon Web Services, International Business Machine (IBM) Corporation, Google Inc., Cisco Systems Inc., Hewlett Packard Enterprise, SAP SE, Bosch Software Innovation GmBH, Intel Corporation, PTC Inc., and Oracle Corporation, and others.
Key Segment By Software Solution, By Platform, By Service, By Application, and By Region
Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
Purchase Options Request customized purchase options to meet your research needs. Explore purchase options

Internet of Things (IoT) Market: Segmentation Analysis

The global Internet of Things (IoT) market is segmented based on the software solution, platform, service, application, and region.

  • The “data management” category under the software solution segment to hold the major market share during 2021–2028

Nowadays, IoT is extensively used in developing a wide range of smart applications, devices, and systems such as smart lights, autonomous vehicles, smart televisions, smartphones, and wearables. Through IoT, various industries can conduct operations effortlessly and efficiently with little or no human involvement.

The IoT is pushing other industries to design systems with improved data storage, processing, and analyzing abilities to swiftly expand their businesses. The consumers will eventually go for those data management services providers that offer data storing, managing, processing, and analytical services under one platform. Therefore, the data management sector is likely to attain a huge demand in the coming few years.

  • The “smart retail” category under the application segment is likely to expand splendidly during the forecast period

The smart retail industry utilizes IoT technology solutions to organize the retailing process by significantly utilizing the available assets and slashing the operating costs. Apart from retail, the technology is widely deployed in managing inventory by eliminating theft instances due to the constant analysis of the stock. All the aforementioned features aid in fueling the demand for IoT in smart retailing.

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(We customize your report according to your research need. Ask our sales team for report customization.)

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Regional Dominance:

  • North America is likely to attain the dominating position in the global IoT market during 2021–2028

North American countries have been considered as the globally strongest economy holders. Among all, the U.S. is billions & trillions of dollars in research & development. Therefore, the North American IoT market is likely to dominate across the globe during the forecast period.

Besides this, the rapid adoption of digitalization, the substantial increase in the demand for smart connected devices, and the rising technological advancements have further propelled the regional IoT market.

Browse the full “Internet of Things (IoT) Market By Software Solution (Data Management, Security Solution, Network Bandwidth Management, Remote Monitoring System, and Real-Time Streaming Analytics), By Platform (Network Management, Application Management, and Device Management), By Service (Consulting service, Support and maintenance, Deployment and integration, Managed service, and Professional service), By Application (Smart Manufacturing, Smart Energy & Utilities, Smart Mobility & Transportation, Building & Home Automation, Smart retail, Connected Logistics, and Others), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2021–2028” Report at https://www.fnfresearch.com/global-internet-of-things-iot-market-by-software-792

The global Internet of Things (IoT) market is segmented into:

Global Internet of Things Market: Software Solution Segmentation Analysis

  • Data management
  • Security solution
  • Network bandwidth management
  • Remote monitoring system
  • Real-time Streaming Analytics

Global Internet of Things Market: Platform Segmentation Analysis

  • Network management
  • Application management
  • Device management

Global Internet of Things Market: Service Segmentation Analysis

  • Consulting service
  • Support and maintenance
  • Deployment and integration
  • Managed service
  • Professional service

Global Internet of Things Market: Application Segmentation Analysis

  • Smart manufacturing
  • Smart energy and utilities
  • Smart mobility and transportation
  • Building and home automation
  • Smart retail
  • Connected logistics
  • Others

Key Insights from Primary Research

  • According to the research provided by our key respondents, the Internet of Things (IoT) industry is predicted to develop at a compound annual growth rate (CAGR) of approximately 24.5%.
  • Following the conclusion of the primary study, it was determined that the Internet of Things (IoT) market was valued at nearly USD 310 billion in 2020 and about to reach around USD 1,842 billion by 2028.
  • Based on the software solution segment, the data management to hold the major market share during 2021–2028.
  • Based on the application segment, smart retail is expected to grow at an impressive rate during the projection period.
  • On the basis of region, “North America” is expected to have a dominant position during the forecast period.

Spectacular Deals

  • Detailed coverage
  • Most tables and figures
  • Subscription-based option offered
  • Best price guarantee

Request Your Free Sample Report of the Global Internet of Things (IoT) Market @ https://www.fnfresearch.com/sample/global-internet-of-things-iot-market-by-software-792

Browse More Related Report:

Industry 4.0 Market: https://www.fnfresearch.com/global-industry-40-market-by-technology-artificial-intelligence-963

Agriculture IoT Market: https://www.fnfresearch.com/global-agriculture-iot-market-by-offering-software-services

IoT Healthcare Market: https://www.fnfresearch.com/iot-healthcare-market-by-component-type-medical-devices-297

IoT Devices Market: https://www.fnfresearch.com/iot-devices-market-by-devices-processor-connectivity-ic-133

IoT Fleet Management Market: https://www.fnfresearch.com/iot-fleet-management-market-by-platform-device-management-221

e-KYC Market: https://www.fnfresearch.com/e-kyc-market-by-end-user-banks-financial

About Facts & Factors:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.

Our client’s/customer’s conviction in our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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Artificial Intelligence

Identity Governance & Administration Market Projected to Reach $24.42 billion by 2030 – Exclusive Report by 360iResearch

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PUNE, India, April 25, 2024 /PRNewswire/ — The report titled “Identity Governance & Administration Market by Component (Services, Solution), Modules (Access Certification & Compliance Control, Access Management, Identity Lifecycle Management), Organization Size, Deployment, Vertical – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $8.46 billion in 2023 to reach $24.42 billion by 2030, at a CAGR of 16.34% over the forecast period.

“Navigating Global Identity Governance With Key Strategies for Digital Security and Compliance”
Identity governance and administration (IGA) has emerged as a critical policy-driven approach aimed at fortifying digital identities within organizations, ensuring that proper access is provided to the right individuals for valid reasons. Across the globe, the demand for IGA solutions is on the rise, driven by the need to tackle sophisticated cyber threats, comply with stringent data protection laws, and adapt to the digitization wave sweeping through industries. Challenges include integrating these solutions with pre-existing IT frameworks, primarily in organizations reliant on legacy systems. The North American market, led by the United States and Canada, is at the forefront of this expansion, embracing technological advancements and stringent regulatory standards. Meanwhile, the Europe, Middle East, and Africa (EMEA) region is navigating its unique landscape, with the EU focusing heavily on compliance through GDPR and the Middle East and Africa gradually recognizing the value of digital security. The Asia-Pacific region is witnessing a significant uptrend in IGA solutions adoption, spurred by digital transformation initiatives and cybersecurity awareness, with China and India playing pivotal roles. This global perspective highlights the universal importance of IGA in today’s digital era, highlighting the critical balance between innovation, security, and regulatory compliance in safeguarding digital identities.
Download Sample Report @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
“Navigating the New Normal With The Crucial Role of Identity Governance in Securing Hybrid Work Environments”
As businesses globally embrace the fusion of remote and traditional office work, the need for secure, hybrid workspaces becomes paramount. The shift toward flexible working models, accelerated by the COVID-19 pandemic, highlights the importance of cybersecurity and accessibility in ensuring operational continuity and a better work-life balance. Identity governance & administration (IGA) systems emerge as essential tools within this evolving work landscape. They enable organizations to manage digital identities and access rights effectively, safeguarding sensitive data against unauthorized access across diverse working environments. By ensuring that only credentialed employees can access critical information, regardless of their physical location, IGA solutions stand at the forefront of maintaining cybersecurity compliance and operational integrity. This development signifies a growing demand for robust identity governance frameworks, ensuring businesses remain resilient and secure in remote work and beyond.
“Elevating Security and Efficiency in Organizations through Specialized Identity Governance & Administration Services”
Managed and professional services provide organizations with the specialized expertise necessary for optimizing the performance and security of identity governance & administration (IGA) systems, eliminating the need for such in-depth knowledge internally. Businesses benefit from advanced skills that enhance system functionality and safeguard sensitive data by outsourcing specific IGA tasks. From the initial stages of integration and implementation, ensuring seamless incorporation with existing infrastructures, to ongoing support and maintenance for consistent system reliability and up-to-dateness, these services form the foundation of effective IGA strategies. Furthermore, training and consulting play a pivotal role, equipping companies with the understanding and capability to utilize their IGA systems to the fullest. IGA solution is a critical technological tool designed to streamline the management of user access rights across organizations, bolstering security, operational efficiency, and compliance with regulatory standards. This comprehensive approach to IGA facilitates a more secure, efficient, and compliant organizational environment, empowering businesses to focus on core objectives and ensure their data remains protected.
Request Analyst Support @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
“International Business Machines Corporation at the Forefront of Identity Governance & Administration Market with a Strong 7.09% Market Share”
The key players in the Identity Governance & Administration Market include Broadcom, Inc., SAP SE, Oracle Corporation, Microsoft Corporation, International Business Machines Corporation, and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Identity Governance & Administration Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Identity Governance & Administration Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Identity Governance & Administration Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/identity-governance-administration
“Dive into the Identity Governance & Administration Market Landscape: Explore 197 Pages of Insights, 654 Tables, and 26 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsIdentity Governance & Administration Market, by ComponentIdentity Governance & Administration Market, by ModulesIdentity Governance & Administration Market, by Organization SizeIdentity Governance & Administration Market, by DeploymentIdentity Governance & Administration Market, by VerticalAmericas Identity Governance & Administration MarketAsia-Pacific Identity Governance & Administration MarketEurope, Middle East & Africa Identity Governance & Administration MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
Related Reports:
Privileged Identity Management Market – Global Forecast 2024-2030Identity & Access Management Professional Services Market – Global Forecast 2024-2030Digital Identity Solutions Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
Contact 360iResearchMr. Ketan Rohom360iResearch Private Limited,Office No. 519, Nyati Empress,Opposite Phoenix Market City,Vimannagar, Pune, Maharashtra,India – 411014.Email: [email protected]: +1-530-264-8485India: +91-922-607-7550
To learn more, visit 360iresearch.com or follow us on LinkedIn, Twitter, and Facebook.
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Enghouse Video Partners With SONIFI Health To Deliver Advanced Telehealth Solutions In Hospital Rooms

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MARKHAM, ON, April 25, 2024 /PRNewswire/ — Enghouse Video, a global leader in cutting-edge video technology solutions, today announced its partnership with SONIFI Health, enhancing virtual care in hospital settings.

SONIFI Health is a leading U.S. healthcare technology company based in Sioux Falls, South Dakota. The new partnership leverages and integrates Enghouse Video room systems technology to support SONIFI Health’s commitment to expanding telehealth applications and system optimizations in hospital settings.
Enghouse’s VidyoRooms solution, a sophisticated video conferencing technology that combines both software and hardware solutions, has been fully integrated into SONIFI Health’s interactive TV systems. This integration provides up to 4K high-quality video conferencing, multi-party sessions and robust security features that ensure full compliance with healthcare regulations.
Enghouse Video offers an immersive telehealth platform to support collaborative interdisciplinary care, improved patient outcomes and cost savings. The platform is flexible and simple, delivering the reliability, interoperability, and scalability needed for today’s healthcare environment. A key strength of the partnership is its offering of back-end integrations like patient portals, medical devices, EMR, tele-sitting, remote patient observation and consultation.
“Hospitals can choose the telehealth partner that’s right for them, and we incorporate that solution with interactive TV,” said Brian Nido, SONIFI Health’s Vice President of Customer Success. “Using the hardware and systems they already have in patient rooms helps hospitals reduce costs and maximize the value of their existing investments, while benefiting both clinicians and patients.”
SONIFI Health and Enghouse Video continue to collaborate closely to further refine and enhance the telehealth solutions provided to healthcare facilities. This partnership reflects a shared commitment to leveraging technology to create smarter hospital rooms and improve patient care across the healthcare spectrum.
About Enghouse VideoEnghouse Video, part of the Enghouse Interactive division, is a subsidiary of Enghouse Systems Limited, a vertically focused software and services company traded on the Toronto Stock Exchange (TSX: ENGH). Through highly secure, scalable and flexible Cloud-based or On Prem services, we deliver one of the world’s highest quality and most innovative video platform to video-enable any application or idea. From advanced video conferencing and collaboration tools to state-of-art enterprise video management, Enghouse Video is a unique player in multiple markets, including telehealth. Learn more at www.enghousevideo.com, read our blog, or follow us on Twitter at @EnghouseVideo, on LinkedIn, and on Facebook.
About SONIFI HealthSONIFI Health provides market-leading interactive patient engagement technology proven to improve patient outcomes and staff productivity. The EHR-integrated platform is designed to enhance patient and family experiences while increasing staff satisfaction and organizations’ operational efficiencies. As part of SONIFI Solutions, Inc., the company annually supports more than 300 million end user experiences. Learn more at sonifihealth.com.
Enghouse Video Contact: Sylvain Awad, Director, Demand Generation, Enghouse Video, part of Enghouse Interactive Division, [email protected]

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Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow

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Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.

Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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