Research Reports

ICT & Electronics

icon
Home » Reports » Russia Internet Of Things Iot Market Demand Analysis Opportunity Outlook 2023
Market Research Report

Russia Internet of Things (IoT) Market Demand Analysis & Opportunity Outlook 2023

Published On : 03:21 AM, 3rd November, 2017 REP-ID-255 Category: ICT & Electronics

Russia Internet of Things (IoT) Market Overview

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.                                                                                                                                                                                                                                                                                                                                     Russia Internet of Things (IoT)

Source: Research Nester

The Russia IOT market is expected to expand at a CAGR of 19.62% during the forecast period of 2016-2023. Further, the Russia Internet of Things (IoT) market is expected to reach USD 74.0 Billion by 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 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

 

                         Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

SELECT LICENSE TYPE

KEY BENEFITS

  • DIRECT ANALYST ASSISTANCE

    Direct access to analyst to help you understand the market in a better way to handle your critical question

  • CUSTOMIZE AS PER YOUR NEED

    Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved

  • DISCOUNT ON CUSTOMISATION

    Get 10% free customization

  • QUALITY ASSURED

    Great focus on accuracy and quality of the research

Connect With Us

Call us

(U.S.) - +1 646 586 9123
(Canada) - +1 437 889 3230
(U.K.) - +44 203 608 5919
(India) - + 91 120 660 5495
Email: info@researchnester.com

Ask The Analyst

Delivery Center

1014, 10th Floor, Tower A1,
Ansal Corporate Park, Plot no 7A/1,
Sector 142 Noida., 201301 India
Phone : +91 958 228 3827, +91 120 660 5495
info@researchnester.com

US Office

1820 Avenue M, Suite# 1113,
Brooklyn, New York 11230
Phone : +1 646 586 9123
info@researchnester.com

Canada (Toronto)

Phone : +1 437 889 3230
info@researchnester.com

UK Office (London)

Phone : +44 203 608 5919
info@researchnester.com

Copyright © 2017 Research Nester. All rights reserved

Top