Press release
Smart Connected Devices Market 2019 Global Leaders Overview: Motorola Solutions, Samsung Electronics, LG Corporation, HTC, Apple, Micromax Informatics, Acer, Lenovo Group
Market Overview
The Smart Connected Devices is a pet topic for the future of the world. Equipped with advanced sensors and technologies smart connected devices, represent a step change in form and function. Witnessing substantial R&D investments, connectivity solutions are proceeding rapidly finding their way to the prominence, more so than in the volume segment.
Market Research Future (MRFR), in its recently published study report asserts that the global market of Smart Connected Devices is forecasted to perceive enormous growth by 2023 in terms of value and volume, With a striking rate of CAGR; surpassing its previous growth records throughout the forecasted period (2017 – 2023).
There will be enough innovation and new levels of connectivity among devices, enabling new services inside and outside the home. These changes to motor vehicles will, of course, also transform the auto industry. As these devices mature technologically, it will influence market trends and automakers’ relationships. Features like safety sensors and smartphone integration are already becoming common.
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The augmenting demand for tablets, smartphones, and other smart devices and growing popularity of BYOD (bring your own device) in the offices along with the augmenting demand for mobile smart connected devices are fuelling the market growth.
The market proliferation of smart connected devices, such as smart thermostats, smart doors, smart locks, and other smart home appliances is providing impetus to the growth of smart connected devices market. Furthermore, technological advancements in the field of smart devices and the growing penetration of Internet of Things (IoT) are fostering the market growth.
On the other hand, cybersecurity concerns are expected to restrict the market growth during the forecast period.
Key Players
Some of the prominent players in the global Smart Connected Devices Market are Sony Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Motorola Solutions Inc. (U.S.), Nokia Networks (Finland), LG Corporation (South Korea), Hewlett-Packard (U.S.), HTC Corporation (Taiwan), Apple Inc. (U.S.), Dell Inc. (U.S.), Gionee Communication Equipment Co. Ltd (China), Micromax Informatics (India), Videocon Industries Ltd. (India), Acer Inc. (Taiwan), Lenovo Group Ltd. (Hong Kong), Blackberry Ltd. (Canada), and ZTE Corporation (China), among others.
Segments
The global smart connected devices market is segmented by product and end-user. Based on the product, the market is segmented into smartphones, media players, tablets, smart watch, smart band, smart glasses, smart clothing, wireless printers, smart meters, smart cameras, connected bulbs, smart locks, smart thermostats, and smart home appliances. Based on end-user, the market is segmented into industrial, commercial, and residential.
Regional Analysis
The global smart connected devices market is studied in Asia Pacific, North America, Europe, and Rest of the World. North America is estimated to account for the largest share of the market, whereas Asia Pacific is projected to grow at the fastest rate during the forecast period. The growth of the market in North America is attributed to technological advancements and increased adoption of smart connected devices across various industry verticals.
Industry/ Innovation/ Related News
August 04, 2018 – Sonos (US), a consumer electronics and connected speaker company announced that it has made a smart investment of around USD 700 Mn. into Smart devices.
July 31, 2018 – Google Inc. (US), one of the tech giants announced the release of the first of home assistant devices with screens slated for the summer. The Smart Display, built by Lenovo running Google’s Android Things software for Internet-connected devices, features either an eight-inch or 10-inch screen, on which YouTube videos can be watched, or used for video chat or get better answers to some questions. And, like Google’s Home, Home Mini, and Home Max, the Smart Display lets control it with the voice and focuses on playing music.
July 25, 2018 – The cyber security team at Cisco Talos Intelligence Group, one of the largest commercial threat intelligence teams in the world declared that they have discovered 20 bugs in Samsung's SmartThings Internet of Things (IoT) controller. These vulnerabilities in the SmartThings Hub, through the security holes, could allow hackers to break into smart locks, crack into connected cameras and mess around will all manner of network-connected devices, varying in the level of access to exploit them and the level of access they give an attacker.
July 16, 2018 – Vodafone launched a trio of devices V-Home Hub for IOT in the house, V-Kids Watch for keeping track of the children and V-SOS Band for the elderly. With these devices which will be available from August; parents will get peace of mind. V-Home Hub utilizes Samsung Smart Things technologies to offer a series of smart, connected products to improve the safety of the home connected to your home network and controls other smart home devices in the range.
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Intended Audience
• Technology Investors
• Research/Consultancy Firms
• Government Bodies
• Consulting Service Providers
• Technology Providers
• System Integrators
• Software Vendors
• Web Content Developers
• Service Providers
• Cloud Platform Providers
• Mobile Application Developers
• Communication Service Providers (CSPs)
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
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