News on U.S. government agencies, U.S. politics, companies doing business with U.S. federal government. Read U.S. national and local news. This site is not affiliated with United States Government.
(USGovernment-News.Com, December 16, 2017 ) The report "Smart Connected Assets and Operations Market by Module (Hardware-Sensors, Processors, Network Connectivity- Wired & Wireless; APM Software & Platform, and Services- Professional & Managed), Industry, and Geography - Global Forecast to 2022", was valued at USD 103.82 Billion in 2015 and is expected to reach USD 215.53 Billion by 2022, at a CAGR of 10.26% during the forecast period. Factors such as growing demand for better operational performance, reduction in cost & energy, and increase in manufacturing agility are driving the growth of the smart connected assets and operations market.
Browse 65 market data tables and 74 figures spread through 198 pages and in-depth TOC on “Smart Connected Assets and Operations Market - Global Forecast to 2022”
Early buyers will receive 10% customization on reports.
Automotive and transportation expected to hold the largest market share during the forecast period
The automotive and transportation sector held the largest share in the smart connected assets and operations market in 2015, followed by the healthcare sector. The IoT platform in transportation application provides a range of infotainment, traffic, navigation, vehicle maintenance, security, and safety features. IoT in transportation forms an entirely novel mobile platform by bringing together component suppliers, auto manufacturers, telecom vendors, and content providers.
APM Software and platform for smart connected assets and operations market expected to grow at the highest rate between 2016 and 2022
The APM software and platform plays an important role in the smart connected assets and operations market. The companies have already installed set up with the traditional equipment and hardware. For connecting the assets and operations smartly, IIoT platform and software is required, which is used to manage the asset’s performance (APM software) to generate better operational performance. Therefore, the APM software and platform market is expected to grow at a higher rate than the hardware components.
Smart connected assets and operations market in APAC likely to grow at a high rate during the forecast period
Several initiatives have been taken up by the Government of India such as Make in India and Digital India is one of the major factors supporting the growth of the smart connected assets and operations market in APAC. As China and Japan are the leading countries in semiconductor and electronics industry, due to this the scope for smart connected assets and operations system is high. Such initiatives by the government and companies are driving the smart connected assets and operations market.
Major players operating in the smart connected assets and operations market include Intel Corporation (U.S.), Cisco System Inc. (U.S), IBM Corporation (U.S.), ARM holding plc (U.K.), General Electric Company (U.S.), Texas Instruments (U.S.), Cypress Semiconductor (U.S.), Rockwell Automation (U.S.), NXP Semiconductor (Netherlands), and STMicroelectronics N.V. (Switzerland).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:
