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 Global Internet of Things (IoT) Defence Market
Posted on : Monday, 24 February, 2020  06:40
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Global Internet of Things (IoT) Defence Market is expected to reach US$ XX Bn in 2026 at a CAGR of XX % with 2018 as a base year.

Global Internet of Things (IoT) Defence Market

Global internet of things (IoT) defense market is segmented into a component, application, connectivity technology, geography. On the basis of the component, market is divided into Hardware, Software, and Services. Based on the application market is divided into Real time fleet management, Health monitoring, Equipment maintenance, Analytics, Security. According to the connectivity technology market is segmented into Cellular, Wi-Fi, Satellite communication and Radiofrequency. Geographically market is classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

IoT plays a significant role in the defense industry. Some of the examples of IoT in defence include proactive equipment maintenance provide battlefield situational awareness, remote training, efficient inventory management, real-time fleet management. The factors that propel the growth of the IoT in Defence Industry include increasing demand, rapid urbanization & industrialization, and product development & technological innovations. In addition, factors such as greater internet penetration, considerable growth in information, communication, & technology (ICT), bandwidth & connectivity and reduced cost of powerful sensors & controllers fuel the market growth.

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