Internet of Nano Things Market 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)| Dominant Vendors - CISCO SYSTEMS, INC., INTEL CORPORATION, IBM CORPORATION, SIEMENS AG, SCHNEIDER ELECTR

Market Analysis:

United States has the Dominant Market in North America
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.

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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 nanotechnology market has witnessed rapid growth in the last decade, buoyed by technological innovations and their increasing adoption in the healthcare sector. Nanotechnology in this field, when implemented in appropriate manner to medical challenges, such as cancer, diabetes, cardiovascular problems, can offer an effective solution. 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 - Internet of Nano Things’ (IoNT).

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Market Segments:
Internet of Nano Things Market is segmented by:
1. Device: Nano Cameras, Nano Phones, Nano sensors, Nano Processors, Nano Memory Cards, Nano Power Systems, Nano Antennas, Nano Transceivers
2. End-user: Healthcare, Logistics, Media & Entertainment, Telecom & IT, Defense & Aerospace, Manufacturing, Energy and Power, Retail, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

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.

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