Global Internet of Things (IoT) Market to Witness Steady Growth Thanks to Increasing Adoption in Organizations

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ALBANY, New York – May 26, 2015 – The latest addition to ResearchMoz’s report database, titled “Internet of Things (IoT): Technology, Outlook & Significance”, is a comprehensive study on the Internet of Things market. This new report analyzes the industry opinion regarding the implementation status of IoT and the challenges the industry faces in adopting IoT solutions in the coming few years. The report also evaluates the executive opinion along with technological solutions needed for implementing IoT technology and business advantages of this technology.

The Internet of Things (IoT) is impacting everything, right from bandwidth requirements to cloud capacity. It is expected that the number of everyday objects that can connect to the Internet will surpass PCs and smart phones by 2020. According to the report, a majority of organizations have still not implemented Internet of Things technology. In addition to this, Wi-Fi, mobile computing, and real-time location tracking are important for firms to implement Internet of Things. Organizations continue to demand system integration and security, which will pose a challenge in the adoption of IoT.

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Most executives opine that no major change is needed in security protocols to handle the implementation of Internet of Things (IoT). Companies expect the technology of Internet IoT to enhance customer satisfaction and resource optimization. Additionally, the power, healthcare, and logistics sectors are anticipated to record significant adoption of IoT in the next two years.

The report on the global Internet of Things (IoT) market provides an in-depth analysis of the expected timeframe for implementation of IoT solutions, in terms of both physical installation of the systems and raising awareness about the technology. As a nascent technology, global awareness about the Internet of Things is less than optimum and there is massive scope for expansion. Moreover, the report delivers an evaluation of technologies that are crucial for growth of IoT within organizations and potential business gains from Internet of Things (IoT) solutions.

The global IoT industry report also addresses the major barriers to the adoption of IoT solutions. These hurdles are examined in great detail in the report. The report also provides solutions to overcome these challenges in the coming three years. The study also examines investment feasibility in the Internet of Things (IoT) and the investments planned in this market for the coming two years.

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The key insights available in the report will help clients make effective business decisions. The report allows readers to enhance their strategic framework by analyzing business gains from Internet of Things solutions. Suppliers in the IT industry will greatly benefit from information about the challenges anticipated by companies regarding the implementation of Internet of Things (IoT) in the foreseeable future, in order to align their product lineup accordingly. The report will also help organizations create an effective budget allocation scheme for IoT implementation and business expansion.

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