Global Internet of things (IOT) market revenues to reach $756.8 billion in 2014, According to A New Report on ASDReports

Monday 2 June 2014, Amsterdam

The new analysis, now available on ASDReports, indicates that the total value of the Internet of Things market revenues will reach $756.8 billion by the end of 2014, fuelled by an ever increasing demand from enterprises and consumers.

The Internet of Things (IoT) market is set for accelerated growth in 2014 as more businesses realize its potential uses and the positive impact it can have on a various vertical industries. The Internet of Things market has already gained momentum with increasing adoption, offering a wide variety of uses and portfolio of applications, which is expanding sizeably. The main attraction offered by Internet of Things is its potential to change strategy and a plethora of a new products and service possibilities.

With the ever increasing number of connected devices globally, and with the potential of smart objects, there is the potential to transform and revolutionize multiple vertical sectors to operate in a connected ecosystem; the Internet of Things (IoT). Coupled with the proliferation of electronic devices that already exist in businesses, homes consumers, all of which can be transformed via the use of IoT technologies, and the stage is set for IoT to become ubiquitous.

The new report believes that 2014 will be a pivotal year and one of significant growth for the  Internet of Things as companies address increasing demands from both consumers and enterprises for full-time connectivity and the government initiatives that support greater mobile connectivity. As a consequence, the report expects global Internet of Things revenue to reach $756.8 billion in 2014.

The author of Internet of Things (IoT) Market 2014-2024: Wireless Machine to Machine (M2M) Connectivity, Enterprise & Consumer Connected Devices & Objects Ecosystem commented that ‘IoT will allow wireless networks that are interconnected through machine-to-machine and machine-to-object communications to generate great value for enterprises in the form of increases in production, efficiency and saving them substantial OpEx and CapEx.’

The 187 page report contains 93 tables, charts and graphs that add visual analysis in order to explain developing trends within the Internet of Things market. The new study provides forecasts for the period 2014-2024 in terms of value (US$) for the global Internet of Things  market, as well as for vertical submarket forecasts for Consumer Electronics, Automotive/Transport, Healthcare, Utilities, and M2M. In addition, five regional markets are forecast and analysed over the period 2014-2024. The report also provides profiles of 28 leading vendors operating within the market and key developments in the vendor landscape. The report also includes an exclusive interview with a leading company in the Internet of Things ecosystem: KORE Telematics, providing their expert insight alongside analysis.

The report gives a holistic view of the global Internet of Things market and lays a strong emphasis on the dynamics of the market, with a critical analysis of how key industry players can effectively leverage the market in order to get ahead of competition. The report looks at established, emerging and innovative market players, their different offerings and the current and future outlook of the Internet of Things market on a global and regional level.

The Internet of Things (IoT) Market 2014-2024: Wireless Machine to Machine (M2M) Connectivity, Enterprise & Consumer Connected Devices & Objects Ecosystem report will be of value to current and future potential investors in the Internet of Things industry, as well as companies and research centres who wish to broaden their knowledge of the Internet of Things market and ecosystem.