Global Internet Of Nano Things Market To Exhibit 24.25% CAGR 2016-2020 Owing To Affordable Nanosensors And Nanodevices

The Internet of Things (IoT) is swiftly developing the online universe, right from mobile gadgets and computers to the physical world including, door locks, vehicles, and pet trackers. Every day, new IoT devices are being introduced and the number is expected to reach billions by 2020. With this, the eruption of connected items can be clearly seen, especially those controlled and monitored by artificial intelligence. The connection of the internet and communication networks with nanoscale devices has created a different networking paradigm, the Internet of Nano-Things (IoNT). The shift from nanosensors to the Internet of Nano-Things will benefit many sectors, predict the authors of a new report added by MarketResearchReports.biz to its database.

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The report, titled ‘Global Internet Of Nano Things Market 2016-2020,’ states that the market is expected to exhibit a 24.25% CAGR from 2016 to 2020. Factors such as the availability of affordable nanosensors and nanodevices, advancements in technology, and the rising application of mobile technology are responsible for the growth of the global Internet of Nano Things market. However, even though the shift from nanosensors to the Internet of Nano-Things will benefit many sectors, the market is expected to face certain challenges. The global issue of safety and privacy will still affect the global Internet of Nano Things market, predict the analysts. Integrating the components required for self-powered nanodevices is predicted to be another challenge for the leading players. The high cost of implementation is a major challenge, which will restrict the growth of the global market, state the report’s authors.

The report primarily focuses on the many uses and advantages of IoNT. Internet of Nano-Things enhances the operational efficiency by multiplying the speed of communication and enhancing business productivity. IoNT also aims at increasing the data storage capacity, thus improves process capabilities. IoNT enables smart communication environments including smart transportation, smart homes, smart healthcare, and smart shopping. Effectively controlling, managing, and monitoring interconnected nanoscale devices is the primary function of IoNT.

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Additionally, the report also analyzes the competitive overview, developmental strategies, and business strategies and also lists the leading players operating in the global Internet of Nano Things market. As per the findings of the report, the global Internet of Nano Things market is set for a rapid expansion from 2016 to 2020.

For a detailed competitive analysis, the global market is regionally divided into the Americas, Europe, Asia Pacific, and the Middle East and Africa. Key vendors such as Alcatel-Lucent, Cisco Systems, IBM, Intel, and Qualcomm are concentrating on manufacturing affordable nanodevices and nanosensors. Some of the other prominent companies operating in the global Internet of Nno-Things market are Accenture, Amazon Web Services, Apple, ARM Holdings, Atmel, Atos, Bosch Software Innovations, Broadcom, CTS, Dell, Digi International, Echelon, Freescale Semiconductor, GE, Gemalto, Google, Hitachi, HP, Huawei Technologies, Infineon Technologies, and Infosys.

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