Top Companies in the IoT Technology Market | Vantage Market Research In-depth Study of Industry top Players

Upcoming Trends in IoT Technology Market

The Global Iot Technology Market is valued at USD 383.1 Billion in the year 2021 and is projected to reach a value of USD 555.8 Billion by the year 2028. The Global Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 6.4% over the forecast period. Data-sharing is often accomplished through an application programming interface (API), an intelligent conduit that allows for the flow of data between systems in a controlled yet seamless fashion. APIs have been leveraged in banking settings for years given breakthroughs in advanced analytics and the market traction of numerous non-bank fintech companies; however, APIs are receiving renewed attention as a means to enhance the delivery of financial services to both retail consumers and business customers.  

Furthermore, the rise in advantages of an IoT platform that makes beneficial to all stakeholders in the financial services industry including consumers, businesses, Fintech, innovators, and banks. This is an important factor that fosters the growth of the IoT Technology Market. However, an increase in events of online fraud and data insecurity is expected to restrict the IoT Technology Market growth. On the contrary, a significant increase in the collaboration of financial service providers, and traditional banking with Fintech is expected to boost the growth of the IoT Technology Market.

Some of the key players operating in IoT technology Market are listed below:

1. Cisco Systems Inc.

Cisco is an American multinational technology conglomerate corporation headquartered in San Jose, California. Integral to the growth of Silicon Valley, Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment, and other high-technology services and products. The company is listed as CSCO (NASDAQ) in the stock exchange market. In 2020, the company generated revenue of USD 4.9 Billion and had 79,500 employees working across the globe.

2. IBM Corporation

International Business Machines Corporation is an American multinational technology corporation headquartered in Armonk, New York, with operations in over 171 countries. The company generated USD 5,735 Million in 2021. The company is located in Armonk, New York, United States. In 2022, the company has 2,70,000 employees working across its major locations worldwide. The company has various subsidiaries such as Red Hat Software, FileNet, IBM India Private Limited, and various others. 

3. Cerner Corporation

Cerner Corporation is an American supplier of health information technology services, devices, and hardware. As of February 2018, its products were in use at more than 27,000 facilities around the world. The company had more than 29,000 employees globally, with over 13,000 in Kansas City, Missouri. The company is listed as CERN (NASDAQ) in the stock exchange market. In 2020, the company generated revenue of USD 5.5 Billion. The company has numerous subsidiaries such as Cerner Enviza, AbleVets LLC, and Egis Systems, LLC.

4. Microsoft Corp.

Microsoft Corp. was established in 1975. Headquartered in the U.S., the company engages in the provision of developing and marketing software and hardware services. The company's products include operating systems for computing devices, servers, phones, and intelligent devices. It also offers server applications for distributed computing environments, productivity applications, business solution applications, desktop and server management tools, software development tools, video games, and online advertising. The company is listed as MSFT (NASDAQ) and generates around USD 168 billion in 2021. The company has 1,82,268 employees working across the globe that deliver the best product service. 

5. Tech Mahindra Limited

Tech Mahindra is an Indian multinational information technology services and consulting company. Part of the Mahindra Group, the company is headquartered in Pune and has it Tech Mahindra is a US$5.2 billion company with 125,236 employees across 90 countries. The company is listed as TECHM (NSE) in the stock exchange market. In 2020, the company generated revenue of USD 5.4 Billion and had 10,000 employees working across the globe.

6. Nvidia Corporation

Nvidia Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California. It designs graphics processing units for the gaming and professional markets, as well as system on chip units for the mobile computing and automotive market. The company is listed as NVDA (NASDAQ) in the stock exchange market. In 2020, the company generated revenue of USD 1.02 Billion and had 18,100 employees working across the globe.

7. Samsung Electronics Co., Ltd

Samsung Electronics Co., Ltd. is a South Korean multinational electronics corporation headquartered in the Yeongtong District of Suwon. It is the pinnacle of the Samsung chaebol, accounting for 70% of the group's revenue in 2012. The company is listed as 005930 (KRX) in the stock exchange market. In 2020, the company generated revenue of USD 200 Billion and had 2,87,439 employees working across the globe.

8. Xilinx, Inc.

Xilinx, Inc. was an American technology and semiconductor company that primarily supplied programmable logic devices. The company was known for inventing the first commercially viable field-programmable gate array and creating the first fabless manufacturing model.

9. Infosys Limited

Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology, and outsourcing services. The company was founded in Pune and is headquartered in Bangalore. The company is listed as INFY (NSE) on the New York stock exchange. The company generated USD 4.17 Billion in 2021 and has 2,59,619 employees working across the majority of its locations.q

10. Intel

Intel was established in 1968. Headquartered in the U.S., the company operates by supplying processors for leading computer system manufacturers such as Lenovo, Apple, HP, Dell, and others. The company also manufactures network interface controllers, motherboard chipsets, integrated circuits, flash memory, graphics chips, embedded processors, and other devices related to communications and computing. Intel is one of the main players in the artificial intelligence sector and has done partnership with GE to deliver artificial intelligence solutions. The company offers Intel processors for deep learning to be used in cloud-to-edge devices.

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