Connect with us

Technology

IoT Market worth $153.2 billion by 2029 – Exclusive Report by MarketsandMarkets™

Published

on

CHICAGO, Aug. 7, 2024 /PRNewswire/ — The IoT Market is expected to reach USD 153.2 billion by 2029 from USD 64.8 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 18.8% during the forecast period, according to a new report by MarketsandMarkets™.

Browse in-depth TOC on “IoT Market”

274 – Tables
53 – Figures
270 – Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=573

Scope of the Report

Report Metrics

Details

Market size available for years

2019-2029

Base year considered

2023

Forecast period

2024–2029

Forecast units

Value (USD Billion)

Segments Covered

by offering (platforms and services), application (asset management, supply chain management, business process optimization, workforce management, emergency & incident management, and other applications), focus area (smart manufacturing, smart transportation/mobility, smart healthcare, smart retail, smart cities, smart building, smart energy & utilities, smart agriculture, and other focus areas)

Region covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Companies covered

AWS (US), Microsoft (US), Oracle (US), Cisco Systems Inc. (US), SAP (Germany), Avnet Inc. (US), IBM (US), Google (US), PTC (US), Software AG (Germany), Hitachi Ltd. (Japan), Telit Cinterion (UK), STC (Saudi Arabia), Alibaba Cloud (China), Braincube (France), Datadog (US), Bosch (Germany), Particle Industries Inc. (US), HQSoftware (Estonia), Clearblade (US), Ayla Networks Inc. (US), Losant IoT (US), IoT Factory (Belgium), Oxagile (US), Portainer.IO (New Zealand), Emnify (Germany), Sumatosoft (US).

The increasing adoption of technology is improving various sectors through up-to-date information and useful perspectives from IoT. The integration of cloud computing with IoT improves vast amounts of data analysis. Consequently; companies get aided not only in achieving operational efficiency but also in cost reduction, product/service innovation as well as providing ongoing growth together with investments in the IoT industry at large. This market can be subdivided into segments based on some factors such as offering, application, and focus area. The offering encompasses platforms and services, whereas application ranges from asset management to supply chain management, business process optimization, workforce management, and emergency & incident management among others. Under the focus area segment, there are aspects like smart manufacturing/smart transportation/mobility; smart healthcare/smart retail/smart cities/smart buildings/smart energy & utilities/smart agriculture etc. Through these various segments, one can gain insight into the changing IoT landscape and its possible implications for businesses in general.

Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=573

Based on offering, platform segment to hold the largest market size during the forecast period.

The most prominent market share in IoT among IoT platforms is expected, because they centralize the oversight and integration of various IoT devices and applications. Deploying, monitoring, and managing connected devices will be easier through these platforms resulting to increased effectiveness for large-scale projects. These tools are essential for handling and examining the large quantities of data produced by IoT devices, providing advanced data management and analytics features that allow for immediate insights and decisions based on data. Furthermore, IoT platforms offer the ability to scale to support the increasing amount of devices and users, along with the flexibility to incorporate emerging technologies. The main concerns about data safety and compliance with standards are resolved by security schemes based on identification, secret codes, and attack-finding methods. Their support for diverse usages in sectors such as smart cities, health care, and industrial automation is of importance thus making them strong players in the Internet Of Things (IoT).

Based on the application, emergency & incident management is expected to hold a higher growth rate during the forecast period.

The IoT Market is under increased growth in terms of emergency and incident management is quite high. Emergency situations need immediate response and coordination that require immediate monitoring needs offered through interconnected devices. Integrating IoT with AI and machine learning improves predictive analytics and decision-making, leading to improvised readiness and response. Enhanced awareness of the situation is accomplished using IoT devices like surveillance cameras and environmental sensors, offering detailed information for making well-informed decisions. The rising popularity of smart cities that use IoTs to improve city infrastructure has led to an increase in demand for advanced emergency response systems. Furthermore, organizations are being pushed towards implementing IoT solutions as there are increasing regulations on safety and emergency preparedness. The cost effectiveness and resource efficiency brought about by IoT technologies also contribute to their increasing prevalence. With investments made for IoT application in emergencies from both public and private departments alike reveal the great possibility of growth in this sector since there’s a need for data-oriented methods for managing incidents efficiently.

Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=573

Asia Pacific is expected to hold a higher growth rate during the forecast period.

The IoT Market in the Asia-Pacific region is set to witness an increased growth rate in the upcoming forecast period because of a combination of factors. The fast growth of cities and the construction of infrastructure in nations such as China and India are leading to increased interest in smart city technologies and modern infrastructure. In addition, a rising population in this area is increasing the need for consumer electronics and associated devices. The role of governments in this regard is evident through China’s “Made in China 2025″ program as well as India’s “Digital India” initiative meant to fast-track Internet of Things (IoT) digital transformation. In addition, innovations in IoT come from technological advancements and focus on research and development within the Asia-Pacific region. This results in the implementation of IoT in industries such as manufacturing to enhance automation processes thus leading to further market growth. Investing more into startup firms dealing with IoT coupled with improved 4G/5G network coverage enhances opportunity within the industry. These factors contribute collectively to building a strong basis for the fast expansion of the IoT industry across Asia-Pacific countries.

Top Companies in IoT Market:

The major vendors covered in the IoT Market are AWS (US), Microsoft (US), Oracle (US), Cisco Systems Inc. (US), SAP (Germany), Avnet Inc. (US), IBM (US), Google (US), PTC (US), Software AG (Germany), Hitachi Ltd. (Japan), Telit Cinterion (UK), STC (Saudi Arabia), Alibaba Cloud (China), Braincube (France), Datadog (US), Bosch (Germany), Particle Industries Inc. (US), HQSoftware (Estonia), Clearblade (US), Ayla Networks Inc. (US), Losant IoT (US), IoT Factory (Belgium), Oxagile (US), Portainer.IO (New Zealand), Emnify (Germany), Sumatosoft (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the IoT Market.

Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting

Related Reports:

Indoor Location Market – Global Forecast to 2029

Parking Management Market – Global Forecast to 2029

Traffic Management Market– Global Forecast to 2028

Smart Water Management Market – Global Forecast to 2028

IoT in Manufacturing Market – Global Forecast to 2026

Get access to the latest updates on IoT Companies and IoT Industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/iot-market-worth-153-2-billion-by-2029—exclusive-report-by-marketsandmarkets-302216416.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

MILESOPEDIA 2025 RANKINGS: The Best Programs, Credit Cards, and Bank Accounts in Canada to Amplify Your Purchasing Power

Published

on

By

MONTREAL, Jan. 9, 2025 /CNW/ – In an economic context where the rising cost of living heavily impacts households, personal finance is at the heart of Canadians’ concerns. To help them navigate this new year, Milesopedia, Canada’s leading platform for comparing credit cards and loyalty programs, publishes its grand 2025 Rankings of the Best Programs, Credit Cards, and Bank Accounts in Canada for the fourth consecutive year.

“2025 begins in an economy marked by the persistence of inflation and uncertainty contributing to the rising cost of living, making it essential to make the most out of every dollar spent. A good credit card can not only simplify payments but also enrich your daily life. Whether you want to reduce your everyday expenses, earn cash back on your essential purchases, gain access to airport lounges, or enjoy hotel upgrades, your credit cards can bring you much more than you might imagine. In the sea of banking offers, here is a ranking of cards and financial institutions that will allow you to maximize benefits according to your spending habits and needs. Too many Canadian consumers leave money on the table due to a lack of time or information. Our 2025 Rankings aim to democratize access to the best financial solutions and the rewards you deserve,” explains Jean-Maximilien Voisine, President and Founder of Milesopedia.

NOTABLE NEW ADDITIONS IN THE 2025 RANKINGS

The 2025 Rankings have been expanded to better represent the diversity of the Canadian market and are based on an in-depth analysis of 255 financial products (171 credit cards and 84 bank accounts), evaluated using over 190 criteria.

From this thorough review, Milesopedia has awarded:

22 awards for credit cards5 awards for banking services

New this year, 6 Milesopedia Community’s Choice Award were granted following a public vote conducted between December 1 and December 14, 2024:

2 credit cards, and4 loyalty programs.

The 2025 Rankings highlight notable changes, with new players emerging in the Milesopedia Community’s Favourite Categories.

Voted Best Travel Credit Card, the American Express Cobalt Card dominated the competition. It stands out for its generous rewards on dining and travel, offering an unparalleled travel experience for Canadians.

As for cash back Credit Cards, the Scotiabank Gold American Express Card has been recognized as the Best Cash Back Credit Card by the community. Offering 5% cashback on grocery and dining purchases, this card enables everyday savings while maximizing rewards.

New products also make their way into the rankings, highlighting the diversification of offers and the evolving expectations of consumers regarding flexibility and accessibility.

In the realm of preferred loyalty programs, the Aeroplan Program was recognized for its exclusive benefits and flexibility in earning and redeeming points, while the American Express Membership Rewards program stood out for its versatility and the wide range of reward options available.

Regarding bank accounts, the National Bank Checking Account for Newcomers was awarded Best Bank for Newcomers in Quebec, while the EQ Bank Personal Account was recognized as the Best Online Banking Account for its ease of access and lack of fees.

Discover our 2025 Rankings now and explore a selection of the best financial products on the market, including credit cards, bank accounts, and loyalty programs. A variety of options to meet the needs of every profile: families, travellers, students, entrepreneurs, and newcomers, with tangible benefits on everyday spending, travel, and financial management.

Press Room
https://milesopedia.com/en/about/press-releases/ 

Photos for release
Photo credit : Milesopedia (2025)
https://bit.ly/40oPRlW 

ABOUT MILESOPEDIA

Since its founding in 2015, the Montreal-based Fintech Milesopedia has established itself as the leading bilingual Canadian reference on loyalty programs, credit cards, and bank accounts (chequing and savings) offered to Canadians. Constantly sought after for its unique expertise, the company has experienced prosperous growth, particularly due to its advanced credit card and bank account comparison solutions, the most widely used in the country, reaching over 2 million unique consumers monthly through the Milesopedia Network, which includes nearly 15 partners: Protégez-Vous, François Charron, Educfinance, Dollars et cents | L’actualité, BB Jetlag, Retraite 101, Club Boomerang, Le Jeune retraité, NoovoMoi (Bell Media), InfoBref, The Canadian Jetsetter and RedFlagDeals (VerticalScope Inc.). Originally launched as a blog by Jean-Maximilien Voisine, an aviation and travel enthusiast, the team now includes 16 employees. The company makes financial products more accessible to consumers by simplifying financial literacy and promoting the responsible and profitable use of financial tools available in Canada.

SOURCE Milesopedia

Continue Reading

Technology

Senske Family of Companies Expands Southeast Presence with Acquisition of TurfPride

Published

on

By

DALLAS, Jan. 9, 2025 /PRNewswire/ — Senske Family of Companies (SFC) is proud to announce the acquisition of TurfPride, a leading provider of residential lawn care services in the Atlanta market. This strategic acquisition builds on SFC’s growing presence in the Southeastern United States, which began with the acquisition of Arbor-Nomics in 2024. TurfPride will now become part of the Arbor-Nomics portfolio, further solidifying SFC’s commitment to delivering industry-leading lawn care solutions in the region.

TurfPride has earned a reputation as a trusted name in lawn care, offering services tailored to the specific needs of Georgia’s unique landscapes and climate. Their offerings include lawn fertilization, weed control, aeration, overseeding, disease prevention, and tree and shrub care. With a customer-first approach and a dedication to excellence, TurfPride has been a key player in the Atlanta market, delivering customized treatment programs developed in collaboration with leading turf specialists from institutions like NC State, Clemson, and the University of Georgia.

“Expanding our Southeast operations through strategic acquisitions like TurfPride allows us to strengthen our footprint and bring best-in-class lawn care services to even more customers,” said Casey Taylor, CEO of Senske Family of Companies. “TurfPride’s expertise and dedication to their customers make them a perfect fit for the Arbor-Nomics portfolio. We’re excited to build on the strong foundation they’ve established and continue growing our presence in the Atlanta market and beyond.”

TurfPride will add an additional depot in Kennesaw to Arbor-Nomics’ existing locations in Norcross, Marietta, Cumming, Winder, and Douglasville, GA. This acquisition highlights SFC’s broader strategy to expand in key markets while maintaining the exceptional service and trusted reputation customers expect.

About Senske Family of Companies: Since securing investments from the private equity firm GTCR, the Senske Family of Companies has completed eighteen acquisitions. Senske serves customers in sixteen U.S. states as well as Canada and remains committed to its international expansion strategy by actively seeking partnerships with distinguished home services companies. 

More on Senske’s M&A process can be found at www.senske.com/why-senske/mergers-and-acquisitions/.

View original content to download multimedia:https://www.prnewswire.com/news-releases/senske-family-of-companies-expands-southeast-presence-with-acquisition-of-turfpride-302346344.html

SOURCE Senske Services

Continue Reading

Technology

West Academic, A BARBRI Company Partners with The American Law Institute to Elevate Legal Education Resources

Published

on

By

DALLAS, Jan. 9, 2025 /PRNewswire/ — West Academic, a BARBRI company, the leading provider of legal education content and digital learning tools, has added a valuable new addition to its subscription offerings: The American Law Institute Collection. In partnership with The American Law Institute (ALI), this collection offers law schools access to official texts and Tentative Drafts of Restatements, Principles, and the Model Penal Code. The ALI Collection is available as a supplement to the West Academic Study Aids & Reference Collection, providing comprehensive support for legal education.

“We’re excited to partner with ALI to deliver their content with the West Academic Study Aids & Reference Collection. The user-friendly eReader format our platform provides will make it easier for law librarians, faculty, and students at subscribing schools to access this valuable content and incorporate it into their research, teaching, and studies. Our team has loved working with ALI and looks forward to continued collaboration,” said Pamela Siege Chandler, Chief Content and Learning Officer at BARBRI.

The inclusion of ALI’s collection with West Academic’s digital platform means access to critical legal texts with greater ease and convenience. The ALI Collection includes comprehensive resources fundamental to understanding and interpreting the law, such as Restatements of the Law, Principles of the Law, and the Model Penal Code.

“We are thrilled the published books and Tentative Drafts of The American Law Institute’s Restatements, Principles, and the Model Penal Code are now available through West Academic’s Study Aids Collection,” said ALI Director Diane P. Wood. “A core component of our mission is to clarify the law, and now students embarking on their legal education will have easy access to our current library to assist in their studies.”

Wood continued, “While our work in Torts, Contracts, Property, and other areas has long been a cornerstone of legal education, this partnership ensures law schools have convenient electronic access to not only our published books but also our works in progress, including Tentative Drafts on crucial subjects like Children and the Law, Copyright, and Corporate Governance.”

This partnership aligns with BARBRI’s ongoing commitment to providing comprehensive and accessible legal education resources. By including ALI’s texts alongside its digital learning platform, West Academic continues to support the academic and professional growth of law students, equipping them with the essential resources needed for success in the legal field.

For more information about the ALI Collection or to learn more about subscription options, please contact your West Academic Account Manager.

About The American Law Institute
The American Law Institute is the leading independent organization in the United States producing scholarly work to clarify, modernize, and improve the law. The ALI drafts, discusses, revises, and publishes Restatements of the Law, Model Codes, and Principles of Law that are influential in the courts and legislatures, as well as in legal scholarship and education. By participating in the Institute’s work, its distinguished members have the opportunity to influence the development of the law in both existing and emerging areas, to work with other eminent lawyers, judges, and academics, to support the rule of law and the legal system, and to contribute to the public good. For more information about The American Law Institute, visit www.ali.org.

About West Academic, A BARBRI Company
In 2021, BARBRI acquired West Academic. West Academic offers industry-leading legal education materials and digital learning resources for law schools. Rooted in a rich history of legal expertise and innovation, West Academic delivers trusted resources that support faculty instruction and enhance student learning.

BARBRI is the global leader and largest provider of tech-enabled legal learning solutions for law students, law schools, universities, professionals, law firms, and organizations.

BARBRI has been the number one brand in legal education for over 50 years and has forged a trusted relationship with more than 1.5 million legal professionals around the world. BARBRI’s ongoing commitment to innovation in technology, learning science, and expert content and curriculum — developed by renowned experts — empowers global legal learners at every step of their career journey. From helping aspiring lawyers prepare for the LSAT and succeed in law school, to delivering effective U.S. Bar and SQE preparation courses and a lifetime of legal education through professional development courses, BARBRI’s exceptional resources, data insights, and personalized support help legal learners, law schools and organizations achieve their goals and provide excellent learner outcomes.

BARBRI is headquartered in Dallas, Texas, with offices in the United States and United Kingdom.

For more information, please visit www.barbri.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/west-academic-a-barbri-company-partners-with-the-american-law-institute-to-elevate-legal-education-resources-302346430.html

SOURCE BARBRI

Continue Reading

Trending