IOT Market in Russia 2015-2019
Internet and the growth of IoT in Russia
Russia is the world’s ninth largest economy and is one of the fastest growing markets for IoT in EMEA. The IoT market in Russia is expected to witness improved internet penetration over the next four years. Technavio’s market research analysts predict the IoT market in Russia to touch USD 1470 million in revenues by 2019.
The Internet market in Russia is consumer-driven rather than enterprise-driven. Key findings of this study indicate that Russian consumer on an average go online for 1.6 hours per day. Internet penetration has improved due to government initiatives and foreign investment in coming into the country.
Research scope and segmentation of the IoT market in Russia
To calculate the market size, this research report considers revenues generated from the sales of IoT components such as follows:
IoT gateways are being used for better security purposes and to connect intelligent infrastructures. This segment accounted for close to 10% of the market shares in 2014.
The others segment occupies a relatively larger share of this market owing to a growing demand for CEP, SCADA, IDS, and communication devices. The market is expected to grow significantly during the forecast period because of the increased adoption of connected devices and IPv6.
Segmentation of IoT market in Russia by end-user
- Energy and power
In 2014, the energy and power segment emerged as a key end-user segment of the IoT market in Russia. Smart grid and smart metering technologies are expected to see much growth in this market. The emergence of smart grid networks will ensure improved tracking of energy utilization, mainly in the form of smart metering that enables real-time communication between consumers and the electricity grid. It would thus make it possible to save on energy and cost which is not currently possible with traditional grids.
Emerging trend: M2M technology
M2M technology enables communication between networked devices and performs actions without any human intervention. It is often used for remote monitoring.
An example of M2M communication is its use in vending machines to raise an alert to the distributor when an item goes below a particular level. It is mostly used in warehouse management, traffic control, logistic services, supply chain management, and fleet management. Another example of M2M communication is its use in automobiles, where it is used for sending automated notifications in case of an accident or system failure.
Leading vendor analysis of the IoT market in Russia
Software and telecom vendors dominate the IoT market in Russia. MNCs, network services providers, and M2M players are rapidly adopting M&A strategies to improve their presence and increase their customer reach in Russia. The market is predicted to witness the entry of many new vendors with numerous M2M offerings during the forecast period.
Key questions answered in the report
- What are the key factors driving the IoT market in Russia?
- What are the key market trends impacting the growth of the IoT market in Russia
- What are the various opportunities and threats faced by the vendors in the IoT market in Russia?
- Trending factors influencing the market shares for the IoT market in Russia?
- Market shares for North America, Europe, APAC, and ROW?
- Key outcome of the five forces analysis on the IoT market in Russia?
- Growth forecast of the IoT market in Russia?
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