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Global IoT Sensors Market Trends, Size, Forecast - 2019-2025

08-26-2020 04:26 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Global IoT Sensors Market

Global IoT Sensors Market

The global IoT sensors market is estimated to grow at a CAGR of more than 25.0% during the forecast period. The major factors contributing to the growth of the market include rising industrialization across the globe, increasing demand for smart sensors in several industries, and the advent of smart homes and connected cars. Rapid industrialization has witnessed in the emerging countries owing to the growing presence of multinationals and the rising government initiatives to encourage industrialization in the country. For instance, in May 2015, the Chinese government introduced Made in China (MIC) 2025 initiative which comprises a range of state-backed programs that aims to accelerate productivity, modernize the Chinese economy, and make innovations in industrial processes.

Request a free sample of our report on Global IoT Sensors Market: https://www.omrglobal.com/request-sample/iot-sensor-market-size

The MIC 2025 plan signifies that the country’s manufacturing sector is large, however, it lacks in quality of industrial infrastructure, innovation capacity, degree of digitalization, and the effectiveness of resource utilization. Under the plan, the Chinese government seeks to carry out the task of upgrade infrastructure and leverage technological developments. MIC 2025 aims to move China in the manufacturing value chain through smart manufacturing and advanced manufacturing technologies. The first step of MIC 2025 is to accelerate the total quality of manufacturing, labor productivity, and stimulate innovation. In addition, the plan enables the integration of advanced level of information technology solutions, decrease material and energy consumption, and develop industrial clusters and multinational enterprises. This contributes to the demand for IoT sensors in industrial processes to increase safety and facilitate industrial processes.

A full report of Global IoT Sensors Market Is available at https://www.omrglobal.com/industry-reports/iot-sensor-market-size

Global IoT Sensors Market Segmentation

By Type
• Pressure Sensor
• Temperature Sensor
• Optical Sensors
• Chemical Sensor
• Image Sensor
• Motion Sensors
• Others

By Technology
• Wired
• Wireless

By Application
• Consumer
• Commercial
• Industrial

Regional Analysis
• North America
o United States
o Canada

• Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe

• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Rest of the World

Company Profiles
• ABB Ltd.
• Analog Devices, Inc.
• Arm Ltd.
• Cypress Semiconductor Corp.
• Digi International Inc.
• Ericsson AB
• Fujitsu Ltd.
• Honeywell International Inc.
• IBM Corp.
• Infineon Technologies AG

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/iot-sensor-market-size

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About us:
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting, and other research-based services.

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