IOT INFRASTRUCTURE MARKET ANALYSIS

Regional Analysis

Regional Analysis of IoT Infrastructure Market

On the basis of region, the global IoT infrastructure market is segmented into North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

In 2018, North America region accounted for the largest share in the IoT infrastructure market and is expected to hold dominant position in the market over the forecast period. Countries such as the U.S. have already implemented smart solutions in their cities. For instance, in 2017, the street traffic control system was adopted in Atlanta. This street traffic control system uses data from multiple sources and AI elements, and uses the data generated through these systems in automated traffic lights for drivers and pedestrians, automatic green corridors for emergency vehicles, and warnings for pedestrians among others. The adoption of systems such as smart street lighting, smart waste management, and smart traffic control for public utilities, transportation and services is driving the IoT infrastructure market.

Moreover, increasing adoption of smart technologies such as automation, artificial intelligence, etc. are fuelling growth of IoT infrastructure market in North America region.

Asia Pacific is expected to be the fastest-growing region during the forecast period (2019-2027). Increasing demand for connected infrastructure in emerging economies such as India and China is driving the market growth in Asia Pacific region.