Smart Connected Devices Market 2020 Global Leaders Overview: Micromax Informatics, Videocon Industries, Motorola Solutions, Nokia Networks, HTC, Lenovo Group, Blackberry, ZTE Corporation

Market Research Future published a research report on “Smart Connected Devices Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Global Smart Connected Devices Market Overview

The market for smart connected devices is accelerating, according to the researchers at Market Research Future (MRFR). Smart connected devices are implanted with sensors and possess several connectivity features. The report published recently states that the market is witnessing speedy ascension owing to an array of factors. Some of the major market drivers include the mounting demand for smartphones, tablets, and other smart devices across the globe. Apart from that, the trend of ‘Bring Your Own Device’ has gained accelerated popularity in various organizations all over the globe. This is also fostering the growth of the global smart connected devices market in the forthcoming years.

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Upscaling digitization of most operations all over the world, and growing disposable income has provided impetus to an upsurge in the adoption of smart devices in the forthcoming years. Rising internet penetration and innovation of technologies that facilitate faster connectivity and network speeds are providing momentum to the adoption of smart connected devices. A surge in the degree of urbanization noted in the developed and developing economies has led to the adoption of a lifestyle that has technology integrated in itself. Along with that, fast-paced industrialization has also enabled major market players to develop cost-effective methods of developing these devices and supply it on a commercial basis.

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.

Global Smart Connected Devices Market – Segmentation

The global smart connected devices market has been studied for various segments that are based on product, end-user, and region. Based on end-users, the global smart devices market is segmented into commercial, industrial, and residential.

Based on product, the global smart connected devices market is segmented into media players, smartphones, smartwatch, smart bands, smart clothing, smart glasses, smart meters, wireless printers, connected bulbs, smart cameras, tablets, smart thermostats, smart bands, and smart home appliances. Among these segments, the global smart connected devices market is led by the smart locks segment. This segment is also anticipated to take on the fastest growth trajectory over the estimate period. This can be owed to the swelling demand for improved and connected security systems by consumers.

Smart Connected Devices Market – Geographical Analysis

The global smart connected devices market has been segmented, by region, into North America, Asia Pacific, Europe, and Rest of the World. Of all these regional segments, the global smart connected devices market is led by North America during the forecast period. This growth can be accredited to the speedy technological advanced taking place in the region. The US and Canada are estimated to emerge as prospective growth pockets in the review period. Moreover, adoption of smart connected devices is noted to hike in various end-user industries. Apart from that, the prevalence of a well-established technological infrastructure in the region has enabled easier integration of new technologies in the system, hence, fostering the growth of the global smart connectivity devices market.

Furthermore, Asia Pacific is estimated to gain the fastest ascension over the review period. Upscaling urbanization and momentous growth in the demand for smartphones in various developing countries that are resident in the region are expected to be the primary factors responsible for the fastest growth trajectory over the forecast period.

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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)

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This release was published on openPR.