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A report titled “IoT Market In Nordic 2016-2020”, recently added to the repository of MarketResearchReports predicts impressive growth for the market between 2016 and 2020. The rising uptake of the Internet of Things solutions across organizations will support the market’s growth in Nordic. Deploying IoT requires several technologies such as GPS, RFID, barcodes, and sensors for them to be able to manage and monitor physical assets in an organization.

The report presents exhaustive information regarding the factors encouraging the deployment of IoT solutions and the associated technologies. It includes information obtained from trusted industrial sources, which is presented in a logical chapter-wise format and interspersed with relevant graphs and statistics. The report covers areas such as cloud computing, automatic identification system, enterprise application, data center, ITO and BPO, IT security, and product lifecycle management to present a 360 degree overview of the Internet of Things market in Nordic.

Organizations around the world are focusing on improving their business processes, which can be achieved by connecting physical asset or every device to other assets. This is deemed essential for organizations to be able to monitor business processes and improve business values. According to the report, the increasing demand for big data analytics will accelerate sales from the IoT market in Nordic. Furthermore, governments across Nordic are focusing on digitizing information which requires intervention of advanced technologies such as IoT.

The rising demand for better infrastructure to store and manage the staggering volumes of data generated in an organizations on a daily basis is fuelling the demand for Internet of Things solutions in Nordic. Additionally, several governments have expressed their keenness in outsourcing their data analytics activities due to the increasing expenses. This in turn has boosted the need for deploying IoT systems to ensure efficiency in real-time data transfer between machines. Furthermore, various industries such as healthcare, automotive, mining, and energy and utilities have started using stored data to gain actionable insights.

Among the diverse application segments it caters to, the consumer electronics segment dominated the Internet of Things market in Nordic in 2015. Besides this, factors such as the rising adoption of high-speed broadband networks across the household sector have been creating lucrative opportunities for the market. Moreover, proliferation of smart devices enabling end users to monitor and control home appliances from remote locations is aiding the expansion of the IoT market in Nordic. Spurred by these factors, the report forecasts the market to reach multi-billion dollar status by the end of the forecast period.

To study the vendor landscape in the Nordic IoT market, the report also profiles companies such as Ericsson, Telenor, Tele2, Teito, and TeliaSonera. Key strategies adopted by these companies are studies in detail. The implications of the strategies in the overall performance exhibited by the IoT market in Nordic is also analyzed in detail. 

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