Internet of Nano Things Market expected to reach $ 22.04 Billion by the end of 2023| Top Market Players: INTEL, IBM, SIEMENS AG, SCHNEIDER ELECTRIC, GEMALTO N.V., SAP S.E., JUNIPER NETWORKS, QUALCOMM, and ALCATEL-LUCENT S.A

Industry Highlights:
The Internet of Nano Things market was valued at USD 6.42 billion in 2017, and is expected to reach a value of USD 22.04 billion by 2023, at a CAGR of 22.81%, during the forecast period (2018-2023). The scope of the report is limited to devices offered by major players for Internet of Nano Things market including Nano Cameras, Nano Phones, Nano sensors, Nano Processors, Nano Memory Cards, Nano Power Systems, Nano Antennas, and Nano Transceivers. The end-users considered in the scope of the report include Healthcare, Logistics, Media & Entertainment, Telecom & IT, Defense & Aerospace, Manufacturing, Energy & Power, and Retail. The study also emphasizes on various attack points on materials used for Internet of Nano Things and various regions considered globally.

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Nanotechnology, since its development, has provided effective and efficient solutions to a range of applications in biomedical, agriculture, industry and military applications. Nanotechnology has enabled the evolution of Nano-machines - tiny components consisting of an arranged set of molecules performing pre-determined tasks. The interconnection of nano-devices and nano-sensors with the internet has led to the development of a new and more advanced generation standard based on IoT called u2018Internet of Nano Things’ (IoNT). IoNT starts with the networking of several nanomachines. Nano networks, apart from being downscaled networks, have several properties stemming from the nanoscale that question the well-established networking concepts. IoNT operates through two broad areas of communication, which are electromagnetic nano-communications and molecular communications.

Key Developments in the Market
August 2017 - Internet of Nano Things (IoNT) has wide applications that can revolutionize various domains. One such application has been in telemedicine. The cost of clinical trials and drug delivery can be significantly reduced. The patient data can be analysed in real time and necessary analysis can be performed in the patient reaction.

The major players include –
CISCO SYSTEMS, INC., INTEL CORPORATION, IBM CORPORATION, SIEMENS AG, SCHNEIDER ELECTRIC, GEMALTO N.V., SAP S.E., JUNIPER NETWORKS, QUALCOMM INC., and ALCATEL-LUCENT S.A., amongst others

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The Growth of Application in Various Domains Drives the Growth of Nano Technology
The nanotechnology market has witnessed rapid growth in the last decade, buoyed by technological innovations and their increasing adoption in the healthcare sector. Although the commercial viability of nanotechnology is yet to be ascertained completely, it holds the promise to bring about marked changes in the way humans lead their daily lives. The growing presence of nanotechnology can be clearly determined in the graph listed below, which illustrates the patents filed from major countries. The development of nano-machines with communication capabilities and interconnection with micro- and macro-devices will empower IoNT, which is being increasingly seen as the next major innovation in technology. The World Economic Forum recently released the list of top 10 emerging technologies in 2016, in which nano-sensors and IoNT were ranked first, owing to the potential they hold for the future. This new networking paradigm will have an impact in almost every industry, ranging from Telecom & IT to homeland security or environmental protection. The IoNT platform could offer a much more detailed, inexpensive, and effective data through nanotechnology.

Healthcare is Expected to be One of the Primary Recipients of Such Innovative Technology
The growth in the ageing population, coupled with high expectations for better quality of life and the changing lifestyles, has increased the demand for an improved, more efficient and affordable healthcare. Nanotechnology in this field, when implemented in appropriate manner to medical challenges, such as cancer, diabetes, cardiovascular problems, Parkinson's or Alzheimer's disease, inflammatory or infectious diseases, can offer an effective solution. According to the United Nations, One in six of the world’s population is a patient of suffers from neurological disorders. Nanotechnology can be used in chemotherapy, resulting in it being applied directly to cancerous tumors, rather than having toxic chemicals wash through the body. Cancer cases have also been on the rise and about 70% deaths related to cancer have been in the middle or low-income countries. In addition, Nanotechnology is enabling the stimulation of the body’s own mechanisms to successfully repair diseased or damaged tissues, making the need for transplants and artificial organs obsolete.

United States has the Dominant Market in North America Owing to High Adoption Rates in Various Industries
The emergence of nanotechnology in this region has resulted in the technology being widely used in a number of industries. One industry, which has adopted this nanotechnology, is the healthcare industry. Various harmful diseases are proving to be a tremendous challenge for modern medicine. This, coupled with growing consumer health awareness in the region, means for a more advanced technology. Nano medicine was introduced in this industry to overcome this hurdle since it offers a number of potential ways to improve medical diagnosis & therapy, even in regenerating tissues and organs. In addition, IoT platform acts as a medium to communicate with nanotechnology. Similarly, defense & aerospace is another major industry making use of nanotechnology. Nanotechnology is used in drones for drone surveillance and other such factors.

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