Russia Internet of Things (IoT) Market Size, Demand, Opportunity & Growth Outlook 2023

  • ID: 4326513
  • Report
  • Region: Russia
  • 163 pages
  • Research Nester Pvt. Ltd
1 of 4
Russia Internet of Things (IoT) Market was Valued at USD 21.1 Billion in 2016 and is Expected to Register a 19.62% CAGR over the Forecast Period

FEATURED COMPANIES

  • Accenture Plc.
  • AtHoc
  • IBM
  • Microsoft Corporation
  • PTC Inc.
  • SAP SE
  • MORE
Internet of Things (IoT) can be defined as interconnection of smart devices and connected devices, sensors, actuators and network connectivity. It can be used to collect, exchange and process the data. The setting up of smart cities, smart power grids, 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 of Russia.

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. 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 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.

Advancement in communication technology and advanced connectivity services are expected to propel the demand for internet of things (IoT) devices. The low cost data services are encouraging people to adopt advanced communication services. The Russian telecom market is the largest in Europe, supported by a population of about 147 million. Telco's continue to deploy and modernize fixed-line network infrastructure to offer improved broadband services as well as a range of IP-delivered content. Additionally, the government is investing billions of dollars in a 200,000 km telecom network which will provide a 10Mb/s broadband service to thousands of undeveloped villages. These advancements and government policies further boost the demand for IoT device and software.

Positive growth in manufacturing industry in Russia on the back of expansion of business along with government support is expected to fuel the demand for internet of things (IoT) in order to operate efficiently. Moreover, the support from Russian Government such as innovations support, subsidies, health and safety policy and others further provide ease to the manufacturing companies to adopt advanced technology and shift towards industrial automation. These factors are likely to propel the growth of Internet of Things (IoT) market in the country.

However, the market growth is hindered by the lack of regulations for the manufacturing of IoT components such as sensors and others. Absence of stringent regulations for the manufacturing of IoT devices further increases the share of low quality products. Further, the privacy concerns among the population are rising due to increasing cybercrimes and hacking incidents. These factors are hindering the growth of IoT industry. 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. Cost associated with the manufacturing of connectivity devices is the major reason behind the expensiveness of these products.
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Accenture Plc.
  • AtHoc
  • IBM
  • Microsoft Corporation
  • PTC Inc.
  • SAP SE
  • MORE
1. Executive Summary

2. Research Methodology

3. Risk Analysis
3.1. Demand Risk
3.2. Supply Risk

4. Russia Internet of Things (IoT) Market Size and Forecast, 2016-2023

5. Market Dynamics & Its Impact Analysis
5.1. Growth Drivers
5.2. Challenges
5.3. Trends

6. Europe Internet of Things Market : A Comparative Analysis between Russia and Rest of Europe

7. Russia Internet of Things (IoT) Market Segmentation Analysis
7.1. Russia IoT Components Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
7.1.1. Russia IoT Devices Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
7.1.1.1. Russia IoT Electronic Devices Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
7.1.1.2. Russia IoT Wearable Devices Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
7.1.1.3. Russia IoT Routers Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
7.1.2. Russia IoT Sensors Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
7.1.3. Russia IoT Actuators Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
7.1.4. Russia IoT Platforms Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
7.2. Russia IoT Software Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
7.2.1. Russia IoT Real-Time Streaming Analytics Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
7.2.2. Russia IoT Security Software Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
7.2.3. Russia IoT Data Management Software Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
7.2.4. Russia IoT Remote Monitoring Software Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
7.2.5. Russia IoT Network Bandwidth Management Software Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
7.3. Russia IoT End-User Industry Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
7.3.1. Russia IoT in Consumer Electronics Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
7.3.2. Russia IoT in Manufacturing Sector Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
7.3.3. Russia IoT in Transportation Sector Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
7.3.4. Russia IoT in Healthcare Sector Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
7.3.5. Russia IoT in Retail Sector Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
7.3.6. Russia IoT in Corporate Sector Market Size ($ Million), Y-O-Y Growth & Share Analysis (%), 2016-2023
7.3.7. Y-O-Y % Growth Comparison By End-User
7.3.8. Market Attractiveness By End-User
7.3.9. BPS Analysis By End-User

8. Porter’s Five Force Model Analysis

9. Competitive Landscape
9.1. Company Profiles
9.1.1. IBM
9.1.1.1. Company Overview
9.1.1.2. Key Product Offerings
9.1.1.3. Business Strategy
9.1.1.4. SWOT Analysis
9.1.1.5. Financials
9.1.2. Amazon
9.1.3. Microsoft Corporation
9.1.4. Cisco Systems Inc.
9.1.5. PTC Inc.
9.1.6. The Hewlett Packard Company
9.1.7. Accenture Plc.
9.1.8. Intel Corporation
9.1.9. SAP SE
9.1.10. Oracle Corporation
9.1.11. Qualcomm Inc.
9.1.12. The Bosch Group
9.1.13. AtHoc
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • Accenture Plc.
  • Amazon
  • AtHoc
  • Cisco Systems Inc.
  • IBM
  • Intel Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • PTC Inc.
  • Qualcomm Inc.
  • SAP SE
  • The Bosch Group
  • The Hewlett Packard Company
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll