Smart Dust Market for the forecast period, 2017-2025
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The demand for related information and the innovation of advanced technologies such as are further estimated to support the growth of smart dust market over the forecast period. The high efficiency of devices along with the elimination of technical support staff accompanied with these technologies are estimated to propel the smart dust market growth. High implementation cost may act as a challenge to the market. Moreover, one of the major disadvantages of Smart Dust is the privacy issue for organizations using it.
Global Smart Dust Market has been segmented on the basis of its end-user industry, enterprise size and region. On the basis of end-user industry market can be segmented such as Banking Financial services and Insurance (BFSI), Healthcare, Government, Commercial, retail sector and other. Government sector is expected to remain one of the leading end-use industry in the global smart dust market over the next coming years. Increasing application areas in military sector such as monitoring activities in inaccessible areas, accompany soldiers and alert them to any poisons or dangerous biological substances in the air are the is the prominent growth factor of the segment. The commercial and healthcare sector are predicted to grow at a considerable rate attributing to the increasing over the forecast period. Other end-use industries include aerospace and media and entertainment
Based on the enterprise size the global market can be segmented as large size enterprises and Small and Middle size enterprises (SME’s). Region wise, global smart dust discovery market is segmented into North America, South America, Europe, Asia Pacific (APAC) and Middle East and Africa (MEA). North America is estimated to be the major regional market over the coming years, mainly attributing to the presence of the technological advancements and major industry participants. Moreover, the convergence of enterprise information systems security and solutions may provide new means for the growth in North America. Asia Pacific is predicted to grow significantly on account of the growing information and technology industry in countries such as Japan, India, China, Philippines and the South Korea.
The key vendors in the global smart dust market are are IBM Corp, Hitachi, BetaBatt, Inc., Smartdust Solutions Ltd. and Crossbow Technology, Inc.
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