Information Communication and Technology Reports Internet of Things (IoT) | Page 2
Industrial Internet of Things (IIoT) represents a unique opportunity of deploying the platform-based approach; a
single flexible hardware architecture deployed across multiple heterogeneous applications.
North America is expected to contribute the largest market share
North America is expected to hold the largest market share in the IoT market during the forecast period. The
countries in this region have established economies, which empowers them to strongly invest in R&D. The rapid
digitalization across industry verticals, the increasing adoption of smart connected devices, and the technological
advancements have further fueled the growth of the IoT market in this region.
The major vendors in the IoT market include Google Inc. (US), Hewlett Packard Enterprise (US), Amazon Web
Services (US), Bosch Software Innovation GMBH (Germany), General Electric (US), Intel Corporation (US), SAP SE
(Germany), Cisco Systems Inc. (US), Microsoft Corporation (US), Oracle Corporation (US), International Business
Machine (IBM) Corporation (US), and PTC Inc. (US).
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