New Study on Enterprise IOT Market CAGR of +20% by 2025: Intel Corporation, Cisco Systems, Microsoft Corporation, Oracle Corporation, IBM Corporation, Google, Hewlett Packard Enterprise, Amazon Web Services, Bosch Software – Market Sector
The IoT will have a great impact on the economy by transforming many enterprises into digital businesses and facilitating new business models, improving efficiency, and generating new forms of revenue. It is essential for enterprises to understand how the IoT can enable transformation of their business and industry. Utilities, industrial sectors, connected cars, healthcare and consumers are other verticals at the forefront of IoT investment. Leveraging IoT in vertical industries will definitely revolutionize the traditional way of doing things. These changes will lead to major opportunities for providers as well. The benefits of the IoT for business depend on the particular implementation, but the key is that enterprises should have access to more data about their own products and their own internal systems, and a greater ability to make changes as a result.