ICT and Media Business News IoT Market 2018 Outlook by Revenue Till 2024 | Page 3

Internet of Things Market
Based on the industry verticals, the global IoT market can be segmented as consumer electronics, government,
industrial and commercial buildings, healthcare, automotive manufacturing, supply chain management,
transportation, consumer and residential, energy, and others.
Asia-Pacific was the largest market for internet of things in 2014; followed by North America. The largest market
share of Asia-Pacific is attributed to the advanced information and technology infrastructure of Japan, China and
India. Furthermore, Asia-Pacific region is growing at the fastest rate attributed to the strengthening of IT
infrastructure of the South-East Asian countries. Brazil is one of the largest and highest growing markets of
internet of things in Latin America.
Copyright © P&S Market Research