DUBLIN, November 27, 2013 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/7x2267/global_internet) has announced the addition of the "Global Internet of Things Market 2012-2016" report to their offering.
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The analysts forecast the Global Internet of Things market to grow at a CAGR of 32.67 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growing number of connected devices. The Global Internet of Things market has also been witnessing increasing availability of IPv6. However, the security and privacy concerns could pose a challenge to the growth of this market.
The key vendors dominating this market space are Ericsson Inc., Huawei Technologies Co. Ltd., Alcatel-Lucent SA, and Cisco Systems Inc.
The other vendors mentioned in the report are ZTE Corp., Nokia Siemens Networks B. V, NEC Corp., IBM Corp., Intel Corp., Qualcomm Inc., Broadcom Corp., Gemalto N.V., Sierra Wireless Inc., NXP Semiconductors, STMicroelectronics N. V, Freescale Semiconductor Inc., Texas Instruments Inc., Hewlett-Packards Co., Amdocs Ltd., Verizon Communications Inc., Vodafone Group plc., RF Micro Devices Inc., Facebook Inc., Twitter Inc., Google Inc., Pinterest, LinkedIn Corp., Yahoo Inc., Microsoft Corp.
Commenting on the report, an analyst from the Telecom team said: "Internet of Things (IoT) services can be provided over various networks such as satellite networks and mobile networks. Currently, mobile networks are expanding their reach considerably. As 3G and 4G networks are undergoing expansion, service providers are able to provide higher bandwidth to their customers. This enhances the quality of IoT services and hastens data transmission. Developing IoT services is an advantage for mobile operators that provide 3G and 4G services through their network. This is because 3G and 4G services facilitate faster data transmission and also, improve network efficiency. Hence, as mobile networks expand, the number of IoT users also increases."
For more information visit http://www.researchandmarkets.com/research/7x2267/global_internet
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