About IoT Communication Protocol
IoT communication protocols are modes of communication that ensure optimum security to the data being exchanged between IoT connected devices. The IoT devices can be connected via an IP network or a non-IP network. Though there is a difference in their range, power, and memory used.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global IoT Communication Protocol market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
STMicroelectronics N.V. (Switzerland), NXP Semiconductors N.V. (Netherlands), Synopsys, Inc. (United States), CEVA, Inc. (United States), Texas Instruments, Inc. (United States), Mediatek Inc. (Taiwan), Enocean GmbH (Germany) and Gainspan Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Atmel Corporation (United States) and Mindtree Ltd. (India).
Segmentation Overview
AMA Research has segmented the market of Global IoT Communication Protocol market by Type (WiFi, Bluetooth, ZigBee, Cellular and Other), Application (Wearable Devices, Healthcare, Automotive & Transportation, Building Automation, Industrial, Consumer Electronics and Precision Farming) and Region.
On the basis of geography, the market of IoT Communication Protocol has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Network, the sub-segment i.e. IP network will boost the IoT Communication Protocol market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by IoT Protocols, the sub-segment i.e. IoT Network Protocols will boost the IoT Communication Protocol market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Expansion in the use of wireless sensors and low-power wide-area networks (LPWA) network and Mainstreaming of cloud computing
Market Growth Drivers:
Expansion of Internet connectivity and Continuous growth in demand for smartphones and other connectivity devices
Challenges:
Security and privacy of the information in IoT
Restraints:
Lack of common communication standards across platforms and Frequent replacement of batteries and high power consumption by connected devices
Opportunities:
Significant government funding across the globe for research and development of the Internet of Things and Opportunities for innovative cross-domain application
Market Leaders and their expansionary development strategies
In
In May 2023,NOVUS has expanded its vision for modular technology and brought the simplicity of IoT to the N20K48 controller. With the new Wi-Fi micromodule, it is easy to integrate legacy devices. The integration is efficient and makes communication between devices an affordable and simple process.
Key Target Audience
Research organizations, Technology standard organizations, forums, alliances, and associations, Technology investors, Operating system (OS) vendors, Content providers and Software providers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.