Internet of Things Market in Public Sector Introduction
Along with other major end user verticals public sector is also on the IoT bandwagon, investing substantial amount on connected technologies. Internet of things in public sector is becoming a next big thing with widespread adoption of connected devices, sensors, analytics, and connectivity solutions. eGovernance, eLearning, intelligent transit and emergency response systems are becoming buzzwords in the sector, transforming the way governments and educations institutes operates and offer services.
Introduction of smart city initiatives in both developed and developing countries such as UK, Germany, China, India and Brazil are booting growth of the public sector IoT market across the globe. Also, adoption of advanced learning technologies such as eLearning, learning management system, interactive whiteboards and other related technologies in educational industry is expected to drive growth of IoT market in public sector in the near future. Further, governments of major countries are focusing on investing on IoT to transform and enhance services for citizens and to strengthen public safety measures. For instance, in March 2015, UK government announced investment of Euro 40 million on deployment of IoT technologies. However, insufficient funding and regulatory roadblocks in underdeveloped countries are hindering growth of Internet of things arket growth in public sector.
The research study on Internet of things market in public sectors offers in-depth analysis of primary segments, sub-segments, and regions. Major segments to be analyzed in IoT market in public sector are offering, hardware/intelligent system, solution, service, and end user. The market is segmented based on offering into hardware, solution and service. The solution segment includes automated public transit solution, infrastructure asset management solution, parking and traffic management solution, waste management and other solutions. Based on services the IoT market in public sector is bifurcated into implementation & network integration, consulting, outsourcing, repair & maintenance and other services. The IoT market in public sector is categorized based on end user into government and educational institutes.
Major regions covered in IoT market in public sector are North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa. Introduction of favorable government regulations and initiatives in US is expected to increase uptake of IoT solutions, systems and services throughout the projection period, thus, making North America one of the prominent regional markets among regions. However, Asia Pacific is projected to attain highest CAGR during the projection period linked to growing awareness regarding benefits of IoT in emerging market such as China and India.
Internet of Things Market in Public Sector Competitive Landscape
Some of the leading players in the IoT market in Public Sector research study to be analyzed are Oracle Corporation, SAP SE, Adobe Systems Inc., Honeywell International Inc., Itron Inc., Alcatel Lucent SA, Verizon Communications Inc., Cisco Systems, Inc., IBM Corporation, and Symantec Corporation.
Major Regions/Countries include:
- North America
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on IoT market in public sector would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.