United Kingdom Internet of Things (IoT) Market By Size, Share, Trends, Growth, Forecast 2027 | TechSci Research
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According to TechSci Research, United Kingdom Internet of Things (IoT) market is projected to grow at high rate during the forecast period, due to the surging demand for smart devices, such as watches, phones and fitness bands, among others. Moreover, the market for the internet of things is expanding due to the day to day benefits of the technology. However, uncertain return on investment and integration with the existing technologies are the barriers for the growth of the market. Based on the application, home automation and transportation application segments are the major segments and the trend is likely to continue in the forecast period due to the increased usage of managed hosting to cloud services and technological advancements. Based on the component, the market has been bifurcated into service and software. The service segment is expected to grow at impressive rate during the forecast period due to the increasing adoption of connected devices across organizations. Engla...