Press release
Consumer IoT Market to Witness Huge Growth by Key Players: Qualcomm Incorporated, Texas Instruments Incorporated, NXP Semiconductors N.V, Intel Corporation, STMicroelectronics N.V, International Business Machines Corporation, General Electric and Others.
According to Market Study Report, Consumer IoT Market provides a comprehensive analysis of the Consumer IoT Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry. This report also provides market landscape and market share information in the Consumer IoT Market. An exclusive data offered in this report is collected by research and industry experts team.Get Free Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=1812805
The Consumer IoT Market is estimated to be USD 46.8 Billion by 2018 and is projected to reach USD 104.4 Billion by 2023, at a CAGR of 17.39%. This report spread across 249 pages, profiling 10 companies and supported with 66 tables and 62 figures are now available in this research.
Top Key Players profiled in the Consumer IoT Market:
o Qualcomm Incorporated (US)
o Texas Instruments Incorporated (US)
o NXP Semiconductors N.V. (Netherlands)
o Intel Corporation (US)
o STMicroelectronics N.V. (Switzerland)
o International Business Machines Corporation (IBM) (US)
o General Electric (GE) (US)
o Symantec Corporation (US)
o TE Connectivity Ltd. (Switzerland)
o Schneider Electric SE (France)
o Cisco Systems Inc. (US)
o Amazon.com Inc. (US)
o Apple Inc. (US)
o Alphabet Inc. (US)
o LG Electronics Inc. (South Korea)
o Samsung Electronics Co.Ltd. (South Korea)
o Sony Corporation (Japan)
o Microsoft Corporation (US)
o AT&T Inc. (US)
o Honeywell International Inc. (US)
o Hewlett Packard Enterprise Company (HPE) (US)
"Market for solutions to grow at highest CAGR during forecast period"
The consumer IoT solution segment consists of software and platform. The high number of interconnected devices controlling physical infrastructure and increased connectivity, which makes these devices and their networks more vulnerable to cyber attacks, is leading to the surge in demand for highly sophisticated security solutions in the IoT market. Moreover, with the increase in the number of connected devices, the volume of data is also proliferating. These huge volumes of data are driving the market for data management software.
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"Home automation to hold largest share of consumer IoT market by 2023"
Home automation is expected to hold the largest share of the consumer IoT market by 2023. The increasing demand for home monitoring in remote locations, growing adoption of home automation devices in applications such as security, and HVAC and energy management, among others, have been the key factors driving the growth of the consumer IoT market for home automation.
"APAC to record highest CAGR during forecast period"
APAC is expected to have the highest growth rate during the forecast period. The increasing reach of internet across residential spaces, high consumer base, rapid urbanization, increasing disposable income, and improving IT infrastructure are a few of the key determinants supporting the growth of the consumer IoT market in APAC
Breakdown of primary participants' profile:
o By Company Type: Tier 1--55%, Tier 2--25%, and Tier 3--20%
o By Designation: Directors--50%, Managers--25%, Vice Presidents--20%, and Others--5%
o By Region: North America--40%, APAC--35%, Europe--15%, and RoW--10%
Competitive Landscape of Consumer IoT Market
1 Overview
2 Market Ranking Analysis, 2017
3 Competitive Situations and Trends
3.1 Product Launches and Developments
3.2 Partnerships, Collaborations, Alliances, Strategic Agreements, and Joint Ventures
3.3 Acquisitions
3.4 Others
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Research Coverage:
The report describes the consumer IoT market and related developments in terms of offerings [node component, network infrastructure, solution (software and platform), and service]and end-use application across different regions. It aims at estimating the market size and future growth potential of this market across different segments--offering (node component, network infrastructure, solution, and service), end-use application, and geography.
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