According to Goldstein Research, Brazil ICS market is expected to reach USD 1.9 billion by 2025, growing at a CAGR of 8.93% over the forecast period 2017-2025. The factors such as automated industrial environment and use of advanced technologies such as robotics are increasing the demand for efficient and secure industrial solutions and thus driving the growth of industrial control system market in Brazil. Brazil ICS market segmentation has been carried out on the basis of the control system, applications, end users, and geography. The multiple processes in the manufacturing industry which require effective monitoring and automation of the processes. Thus the Manufacturing industry segment of the end users accounts for a market share of 25.68% in 2017. Brazil ICS market has immense growth opportunities owing to the fact that Brazil is a developing country and thus it facilitates developmental activities in the power and energy and transportation industry. Moreover, the growing
Internet
of things technology is actively participating in every end use industry,
emergence of connected devices is transforming the whole spectrum of internet
of things market all across the globe. Every tech giant all across the globe
are working on the implementation of IoT technology. Even for the consulting
industry IoT is one the most popular technology on which leading consulting and
advisory firms are working. Analysts are working on untapped potential of IoT
market, the study is very crucial for every end use industry.
When we
talk about the investment scenario, manufacturing and logistics industry are
mounting the pyramid in terms of capital investment. Recent exposure of
automotive and transportation sector in IoT market will also add some figures
in upcoming future. Healthcare and manufacturing sector acquired the major market share of Internet of things market followed by
insurance and banking sector.
Goldstein
Research is
actively participating in the study of IoT market, our latest insights backed
up by reliable data can help your business to grow in this competitive
environment. On the whole, Internet of things is one of the top three
technological advancements of the next decade. According to the research studies
conducted by Cisco, number of things connected to internet will surpass 50
billion by 2020. IoT technology has dynamic control of industry and daily life
by providing better connectivity between human society and physical systems.
Manufacturing industry is actively looking towards IoT technology to decrease
their production cost and to increase efficiency of their business model. With
IoT, you don’t need to go online because your environment is already there
serving you, so if we don’t need to be online than IoT will eliminate the
Internet online. With recent development in the communication infrastructure
and rising penetration of smart phones, the internet of things market project
perennial business for leading tech giants.
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Hi , thanks for sharing your information.The insights are really helpful and informative.
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