Data Bridge Market Research has recently added a concise research on the Consumer IoT Market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline. Some are the key & emerging players that are part of coverage and have being profiled are Qualcomm Technologies Inc., Texas Instruments Incorporated, NXP Semiconductors, Intel Corporation, STMicroelectronics, IBM Corporation, GENERAL ELECTRIC, Symantec Corporation, TE Connectivity, Schneider Electric, Cisco, Amazon.com Inc., Apple Inc., Google, LG Electronics, SAMSUNG, Sony Corporation, Microsoft, AT&T Intellectual Property, Honeywell International Inc., and Hewlett Packard Enterprise Development LP.
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Global consumer IoT market is expected to rise from its initial estimated value of USD 47.50 billion in 2018 to an estimated value of USD 172.34 billion by 2026, registering a CAGR of 17.48% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing number of internet and multimedia users with growing adoption of smart devices.
Consumer IoT (Internet of Things) can be described as a type of Internet of Things, with the main difference coming on the application and the devices it is used on. Internet of Things connects the different devices, networks, systems so that there is ease of communication and usage. For example, smart house is the perfect example of consumer IoT as it incorporates all the smart devices with the same network and perfectly applies and achieves ease of communication and usage for the consumer.
Major Market Drivers:
- Growing number of internet users and increasing adoption of smart and multimedia devices is expected to drive the market growth
- Increased convenience and ease-of-life with consumer IoT is also expected to drive the market growth
- Risks of privacy of data and breaches associated with consumer IoT is expected to restrain the market growth
- High amount of power consumption conducted by the connected devices is also expected to restrain the market growth
Table of Contents:
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global, By Component
- Product Type
- Industry Type
- Company Landscape
- Company Profiles
- Related Reports
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This Consumer IoT report comprehensively analyzes the potential of the market in the present and the future prospects from various corners. Moreover, the report comprises of company profile, product specifications, production value, market shares and contact information of manufacturers or companies. Key players are taking actions such as developments, product launches, acquisitions, mergers, joint ventures and competitive analysis in the ICT industry. It also conducts wide-ranging study about different market segments and regions. The market report also discovers the emerging trends along with major drivers, challenges and opportunities in the market.
Segmentation: Global Consumer IoT Market
By Offerings (Node Component, Network Infrastructure, Solution, Service)
By End-Use Application (Wearable Devices, Consumer Electronics, Healthcare, Home Automation, Automotive)
By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Reasons to purchase this report-:
- The Global Consumer IoT report provides all-encompassing perspective related to the market and comprehend the different components engaged with the purchasing choices.
- The report analysis different projects, significant information which helps the client to settle on educated choices.
- The report incorporates segmentation that helps in understanding developing deals with new reasoning, new aptitudes, and imaginative projects and instruments.
- Various research tools and methodologies such SWOT analysis, PESTEL analysis etc. have been employed to investigate different market factors thoroughly.
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