According to Research Nester,The market of Russia IoT is expected to expand at a CAGR of 20.19% during the forecast period i.e. 2016-2023.Internet
of things (IoT) defines as the connected devices through internet services to
share, store, analyze, process and use the data for various operations or
tasks. The internet of things (IoT) ecosystem is growing in Russia on the back
of economic recovery of the country along with huge investment in manufacturing
sector and smart infrastructure. The growing need of connectivity in the
country due to rising tech savvy population further boost the demand for
internet of things (IoT). The setting up of smart cities, smart power rids,
smart home appliances, smart transportation and others are creating huge
opportunities for the internet of things (IoT) solution and services providers
to explore the untapped market.
The
total number of IoT
devices in Russia was over 15.5 Million in 2015. The rapid adoption of
smart devices further expected to increase the number of smart and connected
devices over 30 Million by the end of 2020.The components segment is
anticipated to showcase a tremendous growth on the back of spiked demand for
handy and wearable devices in the country. The components segment is expected
to contribute a market share of 65% by the end of 2023. Additionally, devices
segment has dominated the overall market with a market share of ~72% in 2016.
This segment is expected to maintain its dominance over the forecast period by
registering a market share of 68% by the end of 2023 due to rising demand for
smart devices.
The
supply of internet of things (IoT) is likely to upsurge on the back of
introduction of advanced and security enabled connectivity devices. The rapid
pace research and development activities by the industry players help them to
cater high end services to the consumers. The enhancement in smart devices in
terms of design, efficiency and weight of the devices is one of the major
factors which are responsible for the rising popularity of smart gadgets. On
the other hand, the internet of things (IoT) ecosystem is rising in Russia
allowing market players to focus towards the advancement in connectivity
services. These initiatives further boost the demand of internet of things
(IoT) industry in Russia.
Additionally,
high cost of internet of things (IoT) devices and cost associated with the
maintenance of IoT ecosystem are the two major risk factors for the Russia
internet of things (IoT) market. Although, growing tech savvy
population in Russia along with the rising personal disposable income of the
population further spike the demand for smart devices and driving the demand
for internet of things (IoT). Cost associated with the manufacturing of
connectivity devices is the major reason behind the expensiveness of these
products. Moreover, in order to provide secure connectivity services and
devices, companies are spending more on cyber security. These spending further
improve the security of connected devices and reduce the privacy concern of the
consumers. Various public and private sector companies are shifting towards the
digitization in order to reduce the time of operations and to provide better
services. Government authorities in Russia are focusing towards the
digitization of services for the population which reduces the complexity
associated with services.
Moreover,
advanced technology based smart devices and enterprise software accelerates the
growth of enterprises and enhances the experience of consumers. In addition to
this, rapid pace in digital industry has increased the adoption of advanced
technology products and services in various industries. These digital services
further drive the demand for internet of things solutions and services.
Advancement in telecommunication services is providing ease to the consumers to
adopt more technology based devices. The rising need of connectivity along with
rising adoption of smart devices such as smartphones, tablets and others
further boost the growth of Russia internet of things (IoT) market. Moreover,
high range connectivity towers and introduction of higher bandwidth to enhance
the communication services such as deployment of 4G networks is further impact
positively on the growth of Russia IoT market. On the other hand, technological
advancements in IT sector and growing trend of smart and high-end technology
gadgets such as smartphones, tablets etc. are fostering the growth of internet
of things (IoT) in Russia. However, lack of security and rising cases of
cyber-attacks are creating cynicism among the users as well as the end-use
industries to adopt internet of things (IoT). These factors are expected to
hamper the growth of Russia Internet of Things (IoT) market over the forecast
period i.e. 2016-2023. Real time streaming analytics software is used to
analyze and provide the data of real time.
The
sensors are connected to the hardware system which further analyze the data
through software and transfer to user. The growing demand from the consumers to
get real time updates about their orders and deliveries is one of the major
factors which are encouraging the e-commerce and delivery companies to adopt
this software. Moreover, the need of real time updates in various industrial
processes such as manufacturing and production further boost the demand for
real time streaming analytics software. The real time updates help various
end-use sectors to increase their operational efficiency.
Market
Segmentation
Our
in-depth analysis segmented the Russia Internet of Things (IoT) market in the
following segments:
By
Component
Devices
Wearable
Devices
Non-Wearable
Devices
Sensors
Actuators
Platforms
By
Software
Real-Time
Streaming Analytics
Security
Software
Data
Management Software
Remote
Monitoring Software
Network
Bandwidth Management Software
By
Application
Consumer
Electronics
Manufacturing
Industry
Transportation
& Logistics
Healthcare
Sector
Retail
Sector
Other
Sectors
Key
Players
The key
players of Russia Internet of Things (IoT) market as follows:
Accenture
PLC
Company
Overview
Key
Product Offerings
Business
Strategy
SWOT
Analysis
Financials
Alcatel-Lucent
Intel
Corporation
Atmel
Corporation
Cisco
Systems Inc.
Google
Inc.
Hewlett-Packard
IBM
Scope
and Context
Overview
of the Parent Market
Analyst
View
Segmentation
The
Russia Internet of Things (IoT) Market is segmented as follows:
By
Components type Market Size and Y-O-Y Growth Analysis
By
Software type Market Size and Y-O-Y Growth Analysis
By
Application type Market Size and Y-O-Y Growth Analysis
Market
Dynamics
Supply
and Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
To know more about this research, kindly
visit: http://www.researchnester.com/reports/russia-internet-of-things-iot-market-global-demand-analysis-opportunity-outlook-2023/255
For Table of Content & Free Sample Report Contact:
Ajay Daniel
Email:
ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
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