Industry Background:
The consumer IoT refers to the numerous physical personal devices, such as smartphones, wearables, fashion items and the growing number of smart home appliances, which are now connected to the internet, collecting and sharing data. The upsurge of connected devices in the future will result in a demand for faster, cheaper and more secure hardware and software. Adoption of smart devices and increasing number of internet users are the key factors which fueling the consumer IoT market growth in near future
The Global Consumer IoT market presents a comprehensive analysis of the Consumer IoT market by end-user/application (Wearable Devices, Consumer Electronics, Healthcare, Home Automation, Automotive and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Vendors profiled in the report are Qualcomm Incorporated (United States), Texas Instruments Incorporated (United States), NXP Semiconductors N.V. (Netherlands), Intel Corporation (United States), STMicroelectronics N.V. (Switzerland), International Business Machines Corporation (IBM) (United States), General Electric (GE) (United States), Symantec Corporation (United States), TE Connectivity Ltd. (Switzerland), Schneider Electric SE (France) and Cisco Systems, Inc. (United States). Additionally, other players that are part of this comprehensive study are Apple Inc. (United States), LG Electronics Inc. (South Korea), Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Microsoft Corporation (United States), Honeywell International Inc. (United States) and Hewlett Packard Enterprise Company (HPE) (United States).
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Qualcomm Incorporated (United States), Texas Instruments Incorporated (United States), NXP Semiconductors N.V. (Netherlands), Intel Corporation (United States), STMicroelectronics N.V. (Switzerland), International Business Machines Corporation (IBM) (United States), General Electric (GE) (United States), Symantec Corporation (United States), TE Connectivity Ltd. (Switzerland), Schneider Electric SE (France) and Cisco Systems, Inc. (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Consumer inclination for increased convenience and better lifestyle and Increasing preference of home monitoring from remote locations
Market Growth Drivers:
Increasing adoption of smart devices and growing number of internet users, Rise in disposable incomes in developing countries and increasing awareness about fitness and Government support for security of consumer IoT devices
Challenges:
High power consumption by devices and Lack of communication standards
Restraints:
Threat of data privacy and security
Opportunities:
Promising government regulations to promote green buildings and Government funding in R&D related to consumer IoT devices
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Consumer IoT industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest. For instance, while the North America holds majority of market share of the Consumer IoT, the Asia Pacific has emerged as a crucial market for several Consumer IoT brands.
The Offering, such as Node Components, is boosting the Consumer IoT market and is anticipated to experience a steady growth during the forecast period.
On Dec 17, 2018, Qualcomm Technologies, Inc. a subsidiary of Qualcomm Incorporated, today announced its next-generation modem purpose-built for Internet of Things (IoT) applications such as asset trackers, health monitors, security systems, smart city sensors and smart meters, as well as a range of wearable trackers
The regional segmentation covered in this report are:
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)