The IoT market is highly fragmented owing to the presence of large and small players. Major industry players, network & service providers and core machine to machine vendors are focused on merger & acquisition for expanding the industry presence and enhance the customer range. The entry of new vendors with new technology is expected to further enhance the competition in the industry.
Key Players:
The leading competitive large scale vendors in the market include Qualcomm, Alcatel-Lucent, Cisco Systems, and AT & T. The other prominent vendors in the IoT market are Freescale Semiconductor, Accenture, CTS, ARM Holdings, Atmel, Telefonica, Atos, Bosch Software Innovations, Broadcom, NEC,, Dell, TCS, Digi International, Amazon Web Services( AWS), Echelon, Zebra Technologies, Ericsson, GE, Hitachi,, Apple, HP, Huawei Technologies, IBM, Samsung Electronics, Infosys,, Texas Instruments, Intel, Siemens, Juniper Networks, Microsoft, National Instruments, Oracle, Rockwell Automation,, Google, SAP, Schneider Electric, Symantec, Tech Mahindra, Tieto, Verizon Communications and PTC.
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On the regional basis, North America is expected to contribute majorly owing to the highly adaptive consumers for new technology. The approvals from Federal Aviation Administration in the region have encouraged the application of products such as drones with improved imaging capabilities for better crop yield. The European nations have restructured the regulations for drone operations, which anticipates the growth in the region over the forecast period. The industrialization of the agriculture sector and increasing venture capitals are expected to create positive impact on the segment demand.
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