Consumer IoT Market Insights by Industry Demand, New Opportunities, Type, Product Analysis, and Application, Forecast 2021 - 2030

The Report Shades a Light on Future and Opportunities in the Consumer IoT Industry.

The Consumer IoT Market size was valued at $70.52 billion in 2020, and is projected to reach $292.83 billion by 2030, registering a CAGR of 13.9% from 2021 to 2030 according to a new report by Allied Market Research. The report covers an analysis of the major impacting factors and top 10 investment pockets that influence the market growth and new opportunities in the future.

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The recent technological developments and rise in demand have an instrumental effect on the growth of the market. The Consumer IoT Market report offers a comprehensive analysis of the market on the basis of various parameters including sales, sales analysis, market size, share, trends, and major driving factors. In addition, the report offers Porter's five forces model, portfolio and financial analysis, and business overview of services and products. Such statistical tools provide a piece of vital information to recognizing lucrative opportunities in the industry.

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The TOP MARKET PLAYERS that are currently active in the industry: Cisco Systems, Inc., Honeywell International Inc., Infineon Technologies, Intel Corporation, International Business Machines Corporation (IBM), Microsoft Corporation, NXP Semiconductors, Siemens AG, STMicroelectronics, and TE Connectivity Ltd..

These companies have adopted various business strategies such as new product launches, mergers & acquisitions, partnerships, and collaborations to maintain market position.

The study provides an in-depth analysis of the dynamic driving and restraining factors, major challenges, and lucrative opportunities. Moreover, the study offers a SWOT analysis that helps understand the restraining and driving factors in the industry. The global Consumer IoT Market report covers an overview of the market and outlines market definition and scope.

The drivers and opportunities aid in understanding the ever-changing industry trends and how companies can leverage such trends. On the other hand, the challenges and restraints included in the report aid in recognizing lucrative market investments. The global Consumer IoT report offers a quantitative and qualitative analysis of the market. The qualitative study highlights the value chain analysis, pain point analysis, and key regulations.

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The report includes a detailed analysis of the impact of the Covid-19 pandemic on the market. The report covers consumer preferences, trends, and budget impact on the market because of the pandemic. The global Consumer IoT Market is under the influence of technological advancements. The emergence of innovative technologies such as artificial intelligence (AI), cloud computing, big data, Electronics & semiconductors industries, Internet of Things (IoT), and cryptocurrency have a major impact on the global Consumer IoT Market growth. The report helps recognize the role of such advanced technologies in Consumer IoT Market growth.

Browse in-depth TOC on Consumer IoT Market:

>> Pages: 250

>> Tables: 137

>> Charts: 91

Key Market Segments:

By Offering

• Hardware

o Processor

 Microcontroller (MUC)
 Microprocessor (MPU)
 Digital Signal Processor (DSP)
 Application Processor

o Network infrastructure

 Server
 Storage
 Others

o Sensors
o Others

• Software

• Services

By Connectivity

• Wired

• Wireless

o Wi-Fi
o Bluetooth
o ZigBee
o Others

By End User

• Home Automation
• Consumer Electronics
• Automotive
• Healthcare
• Others

Based on offering, the hardware segment held the highest share in 2020, accounting for nearly two-thirds of the total share, and is projected to continue its leadership status during the forecast period. However, the software segment is estimated to register the highest CAGR of 15.1% from 2021 to 2030.

Based on end user, the home automation segment accounted for the highest share in 2020, contributing to nearly one-third of the global consumer IoT market, and is estimated to continue its dominant share in terms of revenue during the forecast period. However, the automotive segment is projected to manifest the highest CAGR of 15.8% from 2021 to 2030.

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By Region:

1) North America- (U.S., Canada, Mexico)

2) Europe- (Germany, UK, France, Spain, Italy, Rest of Europe)

3) Asia-Pacific- (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific)

4) LAMEA- (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

Based on region, North America contributed to the highest share in 2020, accounting for more than one-third of the total share, and is expected to continue its lead position by 2030. However, Asia-Pacific is expected to portray the largest CAGR of 16.3% during the forecast period.

The analysis of segment and sub-segment is offered in graphical and tabular formats. This study is instrumental to understanding the highest revenue-generating and fasting growing segments of the Consumer IoT Market, which is vital for making strategic investments.

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