DUBLIN--(BUSINESS WIRE)--The "Russia Internet of Things (IoT) Market Size, Demand, Opportunity & Growth Outlook 2023" report has been added to Research and Markets' offering.
Russia Internet of Things (IoT) market is expected to reach USD 74.0 Billion by 2023.
The Russian government's Internet start-up fund, FRII, has joined forces with tech giants GS Group and mobile operators Megafon, MTS, and VimpelCom to launch a national Internet of Things (IoT) consortium. In 2014, the fund increased its coverage to include emerging sectors such as wearable devices and the IoT.
There are currently over 10 Russian startups developing technologies for IoT data exchange. Moreover, technology startups in Russia are one of the major trends which are raising the popularity of connected devices. The Russia IOT market is expected to expand at a CAGR of 19.62% during the forecast period of 2016-2023.
The market growth is anticipated to be driven by the advancement in communication technology and rise in digitalization of businesses and systems in Russia. Further, the large scale adoption of smartphones and increasing number of smartphone users in the country is expected to expand the market growth. Moreover, the private and government corporate agencies are adopting innovative digital technologies which are expected to increase the demand of the Russia Internet of Things (IoT) market.
The growth of the market is primarily driven by the rise in the adoption of smart devices and gadgets. The digitalization of businesses and systems in Russia further encouraging the population to adopt smart devices and gadgets to remain connected. These factors are expected to propel the growth of internet of things (IoT) market. Further, growth in IT sector is expected to spur the demand for internet of things (IoT) devices and software.
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Risk Analysis
4. Russia Internet of Things (IoT) Market Size and Forecast, 2016-2023
5. Market Dynamics & Its Impact Analysis
6. Europe Internet of Things Market : A Comparative Analysis between Russia and Rest of Europe
7. Russia Internet of Things (IoT) Market Segmentation Analysis
8. Porter's Five Force Model Analysis
9. Competitive Landscape
- Accenture Plc.
- Cisco Systems Inc.
- Intel Corporation
- Microsoft Corporation
- Oracle Corporation
- PTC Inc.
- Qualcomm Inc.
- SAP SE
- The Bosch Group
- The Hewlett Packard Company
For more information about this report visit https://www.researchandmarkets.com/research/xmn4pm/russia_internet