Artificial Intelligence
Global Internet of Things Market Size, Share & Industry Trends Analysis Report By Component, By Technology, By Platform, By Deployment Mode, By Organization Size, By Vertical, By Regional Outlook and Forecast, 2021 – 2027
New York, May 09, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Internet of Things Market Size, Share & Industry Trends Analysis Report By Component, By Technology, By Platform, By Deployment Mode, By Organization Size, By Vertical, By Regional Outlook and Forecast, 2021 – 2027” – https://www.reportlinker.com/p06273360/?utm_source=GNW
Organizations over a vast range of businesses are moderately shifting to IoT technology to boost organizational performance and understand consumers in a better way to deliver better customer services, improve decision making, and fuel the value of their business.
The up-gradation of wireless networking technologies, the growth of advanced data analytics, decrease in the cost of connected devices, and an enhancement in cloud platform adoption, are augmenting the growth of the market. When it comes to connecting several smart devices to ease operations and sharing of data between themselves, the internet of things always does favor. Many smart devices, like smartphones, sensors, and wearable, take relevant data from the devices that are further used to accelerate the experience of the customer. The fueling requirement for data analysis and analytics integration is anticipated to increase the usage of the Internet of Things market over the forecast period.
Industry 4.0 and IoT are in the middle of new technologies approaches for developing, producing & managing the whole logistics chain, in other words, known as smart factory automation. Significant shifts in manufacturing because of industry 4.0 and rising acceptance of IoT that demands enterprises to follow unique, vigilant, and smarter methods to boost production with technologies that support and fuel human labor with robotics and turn down industrial accidents due to any process failure.
COVID-19 Impact
The outbreak of the COVID-19 pandemic affected various sectors of the business environment. This is allocated to a rapid rise in the demand for cloud-based IoT solutions that maintained to be a pillar of businesses to survive during the pandemic. The IoT solution performed an important role in maintaining the whole business processes efficiently operating and under control during the COVID-19 pandemic. Internet of Things kept good connectivity between connected devices during the lockdown. This was attained through various features of internet of things solutions like digital data exchange, remote access, real-time data analytics, and real-time work floor control.
Market Growth Factors
Rising prevalence of advanced data analytics and data processing solutions
Exposure to various data analytics and data processing tools like as large data analytics, data science, Hadoop are propelling the deployment of IoT technology among enterprises across different business verticals. Data Analytics is a method utilized to analyze large & small data sets with different data properties to draw precious results and actionable insights. These results normally take the shape of developments, patterns, and figures that permit market enterprises to interact in advance with data to execute successful decision-making processes. Big data includes a tremendous volume of heterogeneous data in structured, semi-structured, and unstructured forms.
Availability of Low-cost, low-power sensor technology
Sensors are the most pivotal components in IoT devices. They help in creating information about a physical event or state. Sensors can compute from their situations, consisting of orientation, motion, light, sound, humidity, and temperature to biometrics, such as blood pressure and heart rate. These sensors will drive the feasibility of the IoT across industry verticals for numerous application areas. In addition, continued innovation in sensor technologies is anticipated to further stretch IoT capabilities. The sharp fall in the prices of these sensors has resulted in a significant rise in the adoption rate of IoT technology & solutions across organizations. The cost of certain low-frequency passive categories of Radio Frequency Identification (RFID) tags and radically reduced in the past few years.
Market Restraining Factors
Limitations in the IoT Ecosystem Associated with Data Security, Integrity, and Privacy
IoT technology has a wide vast range of applications, from gathering biometric data through communication networks and cloud technologies. These devices include unique IP addresses by which they can speak and exchange data inside and with other machines. But, with enhancing deployment, data security and privacy are also enlarging for connected devices, smart devices, mobile devices, and platforms. All these devices and networks might include sensitive and personal information which the intruders can use. With rising dependency on connected devices, data exploitation might take a hike, showing design flows and vulnerability of connected devices. Multiple solutions are being brought by many data protection providers and enterprises.
Component Outlook
Based on Component, the market is segmented into Solution and Services. In 2020, the services segment procured a significant revenue share in the Internet of Things market. The services segment of the IoT industry promises good coordination between software provider companies, and managed services. The assumption of this software fastens up the customer satisfaction of various industrial verticals like energy & utilities, IT & telecommunication, and healthcare, which accelerate the numbers of the existing customer by optimizing their requirements and minimizes the cost of operation. This further accelerates the adoption of services that are needed to manage the software properly.
Technology Outlook
Based on Technology, the market is segmented into Network Communications, Radiofrequency Identification, Near-field Communication, Data Processing, and Others. The Radiofrequency Identification procured a substantial market share in the Internet of Things Market in 2020. Before executing data processing, it is important to have a take on what is a good balance between the number of updates and the consumption of resources. The good balance relies on the IoT use case. In some use cases, it is important to know instantly how the collected data hampers the output. This requires real-time data processing which can be very resource-consuming.
Platform Outlook
Based on Platform, the market is segmented into Network Management, Device Management, and Application Management. The Network management segment acquired the highest revenue share in the Internet of Things market in 2020. This platform permits enterprises to operate IoT devices, apply security patches, and deliver device-centric reports utilizing administrative tools. Authentication, provisioning, setting, monitoring, routing, and device software maintenance are all possible with IoT network management, which is opening news growth prospects for the segment growth.
Deployment Mode Outlook
Based on Deployment Mode, the market is segmented into On-premise and Cloud. The On-premise segment garnered the maximum revenue share in the Internet of Things market in 2020. This is owing to the number of advantages offered by on-premise deployments such as a high level of data security and safety. In addition, there are many companies that are adopting on-premise IoT solutions in order to protect their data from breaches.
Organization Size Outlook
Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises (SMEs). The Small & Medium enterprise (SME) garnered a significant revenue share in the Internet of Things market in 2020. This is owing to the fact that SMEs are moving their businesses to a digital platform, and are utilizing IoT solutions, which is helping them to become more productive, smarter, and efficient.
Vertical Outlook
Based on Vertical, the market is segmented into Manufacturing, Retail, E-commerce, & Consumer Electronics, Telecom & IT, Transportation & Logistics, and Healthcare & Life Sciences. Manufacturing segment acquired the highest revenue share in the Internet of Things market in 2020. It is due to the rising adoption of latest solutions and devices by the manufacturers and the increasing prevalence of smart factory concept across the world.
Regional Outlook
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America emerged as the leading region with the maximum revenue share in the Internet of Things market in 2020. It is due to the quick adoption of digitalization, the significant rise in the demand for the smart connected device, and the rising technological advancements. In addition, the rising spending in the research and development activities by the companies as well as governments, would further accelerate the growth of the regional market.
The major strategies followed by the market participants are Partnership. Based on the Analysis presented in the Cardinal matrix; Google LLC and Microsoft Corporation are the forerunners in the Internet of Things (IoT) Market. Companies such as Amazon Web Services, Inc., Intel Corporation, Cisco Systems, Inc. are some of the key innovators in the Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, IBM Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, Google LLC, Amazon Web Services, Inc. (Amazon.com, Inc.), Cisco Systems, Inc., Intel Corporation, and Qualcomm, Inc.
Recent Strategies Deployed in Internet of Things (IoT) Market
Partnerships, Collaborations and Agreements:
Jan-2022: Cybertrust Japan joined hands with Qualcomm Technologies, an American multinational corporation. Through this collaboration, the companies aimed to deploy smart solutions with the Qualcomm IoT Services portfolio helping enterprises and entities exploring to adopt and combine smart solutions initially in Japan as well as expected to expand across the globe in near future.
Sep-2021: Oracle entered into a multi-year collaboration with Telefonica España, one of the largest telephone operators and mobile network providers. Under this collaboration, the companies aimed to propel the telecoms industry cloud adoption and the development of new interaction services for customers and enterprises. Additionally, the collaboration by Telefonica would combine the technology architectures that support its communications network within a shared, open-standard platform developed to support its increasing digital services suite, including new services across the Internet of Things and 5G as well as services hosted within network partner and ISVs.
Sep-2021: Cisco signed a five-year agreement with Telstra, an Australian telecommunications company. Through this partnership, Cisco focused on providing leading connectivity administration for Internet of Things services with Telstra Control Center powered by Cisco. Additionally, Cisco consumers would achieve clarity to turn IoT data to make smart enterprise decisions.
Aug-2021: Cisco joined hands with AT&T, the world’s largest telecommunications company. Through this collaboration, the companies aimed to introduce 5G network abilities to boost performance for Internet of Things applications around the US. Additionally, a 5G network would be prepared to provide faster speed as well as low latency for business consumers IoT deployments utilizing 5G certified devices.
Jun-2021: Amazon Web Services teamed up with Larsen & Toubro Infotech, a global technology consulting and digital solutions. Through this collaboration, the companies aimed to propel user innovation and value with digital transformation.
Feb-2021: Siemens expanded its partnership with IBM, an American multinational technology corporation. Through this partnership, the companies aimed to introduce MindSphere, a managed internet of things service delivered by Siemens, on the Red Hat OpenShift platform. Additionally, MindSphere aimed to create an easy method to build edge computing applications that process and analyze created data.
Feb-2021: Microsoft formed a partnership with Intel, an American multinational corporation and technology enterprise. Through this partnership, the companies aimed to provide IoT services and products that decrease the problems of solution development along with various objectives to offer ease of development, to provide a comprehensive range of services, share expertise in edge computing, and provide secure and scalable IoT products and services to the IoT Industries.
Oct-2020: IBM formed a partnership with ClearBlade, the Edge Computing software enabling enterprises. Through this partnership, the companies aimed to provide IoT solutions and autonomous edge computing. The integration of ClearBlade Edge and IBM Edge Application Manager would grace organization consumers developing end-to-end edge computing solutions for transportation, healthcare, manufacturing, and other enterprises.
Product Launches and Product Expansions:
Feb-2022: Microsoft introduced Azure Digital Twins. The IoT platforms allow users to replica ecosystems such as factories, farms, railways, energy networks, buildings, cities, and stadiums by attaching assets including existing enterprise systems and internet of things devices. Additionally, Azure Digital Twins support the invention of data processing and dynamic enterprise logic with combined Azure analytics, data as well as AI services, allowing consumers to trace the past and future forecast.
Sep-2021: Qualcomm expanded its IoT service vertical reach. Through this expansion, the company aimed to improve the platform to deliver enhanced features abilities such as automated device onboarding and management, drag-and-drop deployment with low-code development, combined standard operating process workflow, edge-artificial intelligence, and cloud combined allowing efficiency and scalability, and automated device onboarding and management.
Jun-2021: Qualcomm Technologies introduced Qualcomm QCS6490/ QCM6490, Qualcomm QCS4290/ QCM4290, Qualcomm QCS2290/ QCM2290, and Qualcomm QCS8250, a set of processors and platforms for the Internet of things devices. The processors are utilized in various industries such as retail, logistics, healthcare, and transportation. Additionally, 5G entrance into business networking has given enterprises like Qualcomm a better hand in digital and IoT transformation execution.
Jun-2021: Cisco introduced a new offering of Catalyst industrial routers. The new suite extends the abilities of the business network to the borderline with the security, flexibility, scalability required for IoT success. Additionally, the suite including 5G abilities, allows an enterprise to run connected working at scale with the option of management tools appropriate for operations and IT.
Dec-2020: Qualcomm Technologies introduced Qualcomm IoT Services portfolio. The portfolio offers complete IoT as a Service, end-to-end solutions to access the digital transformation of smart connected and smart cities areas across the globe.
Sep-2020: Intel launched The 11th Gen Intel Core & Intel Atom x6000E Series, two new industrial IoT processors. These processors would bring more computing to edge applications. In addition, the company highlighted an Edge Software Hub comprising customization tools, use-case-specific reference designs, and reusable container packages for retail, predictive analytics, industrial, and computer vision.
Jan-2020: Cisco released IoT security infrastructure that delivers improved clarity around OT and IT ecosystem and secures business procedure. The solution would allow removal as well as a collection of data from the IoT edge so the enterprise can enlarge its ability to make better industries decisions and propel digitization projects.
Acquisitions and Mergers:
Mar-2021: Microsoft took over Marsden Group, provider of industrial automation and safety processes. This acquisition aimed to improve Microsoft’s capabilities to generate new consumer value through experimentation along with deep industry solutions based on the Microsoft cloud.
Jun-2020: Microsoft acquired CyberX, a robust cybersecurity platform. Through this acquisition, CyberX would accomplish the existing Azure IoT security abilities, and be bound to actual devices used in infrastructure scenarios, industrial IoT, and Operational Technology. Moreover, through this procurement, consumers can explore existing IoT assets, to manage as well as improve the security of devices.
Apr-2020: Cisco took over Fluidmesh Networks, a leader in resilient wireless backhaul solutions. Through this acquisition, Fluidmesh expanded Cisco’s industrial wireless portfolio to companies with portable assets and mission-critical applications in a condition where zero data loss is serious to uptime and business flexibility.
Scope of the Study
Market Segments covered in the Report:
By Component
• Solution
• Services
By Technology
• Network Communications
• Radiofrequency Identification
• Near-field Communication
• Data Processing
• Others
By Deployment Mode
• On-premise
• Cloud
By Organization Size
• Large Enterprises
• Small & Medium Enterprises (SMEs)
By Vertical
• Manufacturing
• Retail, E-commerce, & Consumer Electronics
• Telecom & IT
• Transportation & Logistics
• Healthcare & Life Sciences
By Geography
• North America
o US
o Canada
o Mexico
o Rest of North America
• Europe
o Germany
o UK
o France
o Russia
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Singapore
o Malaysia
o Rest of Asia Pacific
• LAMEA
o Brazil
o Argentina
o UAE
o Saudi Arabia
o South Africa
o Nigeria
o Rest of LAMEA
Companies Profiled
• Siemens AG
• IBM Corporation
• Oracle Corporation
• Microsoft Corporation
• SAP SE
• Google LLC
• Amazon Web Services, Inc. (Amazon.com, Inc.)
• Cisco Systems, Inc.
• Intel Corporation
• Qualcomm, Inc.
Unique Offerings
• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06273360/?utm_source=GNW
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ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
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Artificial Intelligence
LinkShadow is positioned as a Representative Vendor in the 2024 Gartner® Market Guide for Network Detection and Response (NDR)
ATHENS, Georgia, April 18, 2024 /PRNewswire/ — LinkShadow, a global leader in intelligent Network Detection and Response (NDR) has been recognized in the Gartner 2024 Market Guide for NDR solution. This insightful Gartner Report elaborates on how NDR can amplify infrastructure security by seamlessly integrating with various technologies such as SOAR, SIEM, EDR, MDR and numerous others.
As per Gartner, “The network detection and response market continues to grow and expand to hybrid network scenarios with IaaS deployment. Security and risk management leaders should reprioritize NDR as a key provider of AI analytics in the context of more automated security operations assistants.”
Gartner also recommends that “enterprises should strongly consider NDR solutions to complement signature-based network security tools and network sandboxes. Many Gartner clients have reported that NDR tools have detected suspicious network traffic that other perimeter security tools had missed.”
Commenting on this, Fadi Sharaf, Regional Sales Director, LinkShadow, said: “We believe this Gartner recognition strengthens LinkShadow’s positioning in the NDR domain. Our aim is to extend the robust LinkShadow NDR capability to enterprises and empower them to stay ahead of the threat curve, taking a proactive approach to safeguard their sensitive assets.”
According to Gartner, “Despite strong competition from other platforms, NDR global market revenue continues to grow double digit, registering an increase of 19% for the period 1Q23 through 3Q23, year over year. When the NDR market was nascent, it was composed of a mix of pure-play startups and network monitoring companies expanding to security use cases. As the market grows, it is attracting more and more large platform providers.”
Gartner Key Findings:
Network detection and response (NDR) is commonly used as a complementary detection and response technology as part of a broader arsenal of security operations center (SOC) tools.The emergence of “AI-augmented” analytics overlays, in the form of SOC assistants, will benefit the NDR market as a useful source of insights for aggregated and summarized views.A handful of NDR vendors capture most of the attention in the market. Higher maturity organizations, often with more specialized detection use cases, often mix these well-known vendors with emerging local players in their shortlists.Most organizations value the response capabilities during their NDR provide evaluations, but only deploy very narrowly automated responses past the pilot phase.Gartner Recommendations:
Start small. Implement NDR to detect abnormal behaviors and provide investigation capabilities for post breach activity, extending incrementally across different types of networks.Identify how NDR’s behavior-based detections, once tuned, might augment your SOCability to respond to incidents faster and more accurately.Compare NDR vendors by defining rationalized metrics and evaluating how these NDR tools positively impact threat detection and incident response.Roll out automated response progressively, based on your existing incident response SLA for the type of incident and on the false positive rate of the detection engines.For more interesting details on the Gartner Report: https://www.linkshadow.com/LinkShadow-as-a-Representative-Vendor-in-2024-Gartner-Market-Guide-for-Network-Detection-and-Response.
Disclaimer:
Gartner, Market Guide for Network Detection and Response, Jeremy D’Hoinne, Thomas Lintemuth, et al, 29 March 2024.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About LinkShadow
LinkShadow is a US-registered company with regional offices in the Middle East. Pioneered by a highly skilled team with a vision to formulate a next-generation cybersecurity solution that provides unparalleled detection of even the most sophisticated threats. LinkShadow was built with the vision of enhancing organizations’ defenses against advanced cyber-attacks, zero-day malware, and ransomware, while simultaneously gaining rapid insight into the effectiveness of their existing security investments. Visit www.linkshadow.com.
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Media contact: Ann Paterson VP of Marketing [email protected]+1 877 267 7313
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Artificial Intelligence
Nanoprecise Sci Corp Expands Energy Centered Predictive Maintenance Operations in Europe and Africa
EDMONTON, AB, April 18, 2024 /PRNewswire/ — Nanoprecise Sci Corp is excited to announce the expansion of their Energy Centered Predictive Maintenance (ECM) operations into Europe and Africa. This expansion addresses the significant shift towards corporate sustainability within these regions, aligning with growing demands for technological solutions that enhance both environmental stewardship and operational reliability.
Motor-driven machinery accounts for 65% of the world’s electricity consumption, with poorly maintained equipment using up to 30% of this energy, inefficiently. By improving visibility into the energy utilization of equipment, Nanoprecise’s ECM solution allows organizations to use energy consumption to prioritize preventative maintenance. This approach helps drive down energy consumption and carbon emissions, while ensuring production uptime and asset reliability.
One of the big additions to their expansion into the region is the appointment of Kalyan Meduri as Head of Sales for Europe and Africa. Kalyan has over 18 years of global experience in incubating new technologies, scaling new businesses and motivating teams to solve customer problems differently. With experience across India, France and Denmark, he is passionate about creating a positive impact through technology and collaboration to present the next generation with a sustainable future. “The substantial shift towards sustainability in Europe makes it a prime market for our ECM solution,” remarked Kalyan Meduri. “By integrating our state-of-the-art predictive maintenance solutions with strategic energy management, we are helping businesses meet their sustainability goals while improving operational efficiency. It’s a win for them and for the planet!”
Nanoprecise has become a preferred ESG solution provider for industrial organizations globally, and now for European organizations that want to accelerate their journey to reduce emissions and increase uptime, without further capital expenditures. Plus, with the recent announcement of their money-back guarantee, enterprises can make a risk-free, ROI guaranteed shift to energy-centric predictive maintenance.
Join Kalyan and the Nanoprecise team at Hannover Messe in Hall 7, Booth #D28 and explore the capabilities and benefits of ECM.
About Nanoprecise Sci Corp:
Nanoprecise Sci Corp is an AI-powered energy centered predictive maintenance solution combining IoT sensor technology with artificial intelligence and machine learning to improve efficiency of machines and contribute to sustainability. nanoprecise.io
Media Contact: Christian Keon Head of Marketing, Nanoprecise [email protected]
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Clients gain access to additional robust, independent FX reference data within oneZero’s Data Source
BOSTON, April 18, 2024 /PRNewswire/ — oneZero, a global leader in multi-asset enterprise trading technology solutions, today announced the integration of New Change FX benchmark data feeds into oneZero’s suite of analytics in Data Source. The addition of this new stream of high quality, independent FX reference data will enable clients to further enhance their trading performance, by providing the option for clients to utilize the New Change FX reference data in reporting.
New Change FX is a leading provider of continuous, officially regulated benchmark FX rates that are constructed by aggregating data from the entire global market. New Change FX is independent of liquidity providers and venues and has been authorized since 2018 as a benchmark administrator by the UK’s Financial Conduct Authority.
Andrew Ralich, CEO and Co-Founder of oneZero, commented: “As a technology provider committed to market neutrality, our primary goal is to empower clients with transparency throughout the entire trade lifecycle. Since 2009, we have advanced our position as an industry leader by establishing a liquidity-neutral EcoSystem for our clients. Today’s integration with New Change FX exemplifies how our adaptable data framework further enables clients to seamlessly access value-added services within our network of data partners. We are committed to continuing to build in new capabilities alongside the industry leading data and analytics capabilities that have been developed within oneZero’s Data Source product.”
Paul Lambert, CEO, New Change FX commented: “oneZero provides clients with extremely powerful analytics via Data Source Insights, and the addition of New Change FX’s benchmark data takes that to a new level. FX analytics are proving increasingly important for liquidity management and at New Change FX we share oneZero’s view that independent data is key to objective price measurement and improved trading outcomes.”
About oneZero
oneZero Financial Systems has been a leading innovator in multi-asset class enterprise trading technology for over a decade. Its powerful software encompasses the Hub, EcoSystem and Data Source – three components that together provide a complete solution for execution, distribution and analytics. Through reliable connectivity, technology, infrastructure and market access, oneZero empowers financial institutions and brokers to compete effectively in the global financial markets through a globally compliant, liquidity-neutral solution. oneZero is certified to the standards of ISO 27001 information security management systems, and has development and operations centers in Asia, Australia, Europe and North America.
For more information, please contact:
Talia GeberovichHead of Marketing and [email protected]
About New Change FX
New Change FX is an independent company dedicated to the measurement of foreign exchange pricing to deliver transparency and eliminate costs. New Change FX calculates independent benchmark rates which are published in real-time and used to support live trading processes. NCFX do not offer market access, trading or brokerage services and therefore users cannot directly influence the NCFX Benchmark calculation process.
To find out more please visit www.newchangefx.com.
The EU Benchmark Regulation ((EU) 2016/1011 of the European Parliament and the Council of 8 June 2016, “BMR”) came into effect on 1 January 2018 and introduces a common framework to ensure the accuracy and integrity of indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds.On 27 February 2018, HM Treasury in the UK passed into legislation the Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018, thereby fully adopting the BMR.In 2018, NCFX was granted permission by the Financial Conduct Authority (FCA) in the UK under Part 4A of the Financial Services and Markets Act 2000 to carry on the regulated activity of administering a benchmark.
In accordance with Article 27 of the BMR, NCFX provides benchmark statements for its families of benchmarks.
NCFX can be found on the FCA financial services register with firm reference number 793983. The FCA is the sole regulatory supervisor for NCFX.
For more information, please contact:
Kinga Broel-Plater Chief Commercial OfficerE-mail: [email protected]
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