Growth opportunities and latent adjacency in Consumer IoT Market

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MarketsandMarkets Presents

Growth opportunities and latent adjacency in
Consumer IoT Market Consumer IoT Market by
Offerings (Node Components, Network
Infrastructure, Solutions, snd Services), End-Use
Application (Wearable Devices, Consumer
Electronics, Healthcare, Home Automation,
Automotive), and Geography - Global Forecast to
2023 https//www.marketsandmarkets.com/Market-Re
ports/consumer-iot-market-49972321.html
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The Consumer IoT Market is expected to grow from
USD 46.8 billion by 2018 to USD 104.4 billion by
2023, at a CAGR of 17.39.  A few of the major
driving factors for the growth of this market are
growing number of internet users and adoption of
smart devices, increasing awareness about fitness
and rise in disposable incomes in developing
economies, consumer preference for increased
convenience and better lifestyle, increasing
significance of home monitoring from remote
locations, and government regulations for
security of IoT devices. Browse 66 market data
Tables and 63 Figures spread through 209 Pages
and in-depth TOC on "Consumer IoT Market -
Global Forecast to 2023"
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Network infrastructure to hold largest share of
consumer IoT market during forecast
period  Network infrastructure is expected to
hold the largest share of the consumer IoT market
during 2018-2023. The increase in connected
devices and consumer internet usage are leading
to the generation of a huge volume of data. A
diverse set of smart devices embedded with
sensors generate either structured or
unstructured IoT data. This leads to the need for
high-capacity and high-speed storage. The
generated data can be analyzed to get valuable
insights hence, intelligent storage models are
replacing traditional storage systems, leading to
the need for high-capacity and high-speed
storage. Ask PDF Brochure https//www.marketsand
markets.com/pdfdownloadNew.asp?id49972321 Home
automation to hold largest share of consumer IoT
market during forecast period  Home automation is
expected to hold the largest share of consumer
IoT market based on end-use application by 2023.
The increasing demand of home monitoring in
remote locations as well as the growing adoption
of home automation devices in applications such
as security, and HVAC and energy management,
among others, have been the key factors driving
the growth of the consumer IoT market for home
automation.
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North America to hold largest size of consumer
IoT market during forecast period   North America
is expected to account for the largest share of
the market by 2018. The increasing demand for
smart devices from the end-use applications such
as consumer electronics, wearables, and home
automation has contributed to the growth of the
consumer IoT market in this region. Moreover, the
growth of the market in the region is also driven
by the increasing health consciousness due to
growing incidences of chronic diseases and number
of diabetes patients, and ease of use of medical
devices. The increasing adoption of smart
connected devices and rapid digitalization across
various consumer end-use applications has further
fueled the growth of IoT in North
America. Request Free Sample Pages https//www.m
arketsandmarkets.com/requestsampleNew.asp?id49972
321 The companies profiled in this report are
Qualcomm Incorporated (US), Texas Instruments
Incorporated (US), NXP Semiconductors N.V.
(Netherlands), Intel Corporation (US),
STMicroelectronics N.V. (Switzerland),
International Business Machines Corporation (IBM)
(US), General Electric (GE) (US), Symantec
Corporation (US), TE Connectivity Ltd.
(Switzerland), Schneider Electric SE (France),
Cisco Systems, Inc. (US), Amazon.com, Inc. (US),
Apple Inc. (US), Alphabet Inc. (US), LG
Electronics Inc. (South Korea), Samsung
Electronics Co., Ltd. (South Korea), Sony
Corporation (Japan), Microsoft Corporation (US),
ATT Inc. (US), Honeywell International Inc.
(US), and Hewlett Packard Enterprise Company
(HPE) (US).
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• Recent Developments
• In April 2018, TE Connectivity launched
  connectivity and sensor solutions for the global
  automobile industry. The sensor solutions enable
  autonomous driving and mobility.
• In February 2018, Qualcomm Technologies announced
  IoT development kits based on the QCA4020 and
  QCA4024 SoCs. The kits are designed for IoT
  applications such as smart cities, toys, home
  control and automation, appliances, networking,
  and home entertainment.
• In January 2018, IBM announced a strategic
  partnership with Salesforce (US), a global leader
  in customer relationship management (CRM). The
  partnership will bring together IBM Cloud and
  Watson services with Salesforce Quip and
  Salesforce Service Cloud Einstein to enable the
  companies to collaborate and connect with their
  customers more effectively.
• Key questions addressed by the report
• How is the adoption of the IoT in consumer
  applications evolving?
• What are typical use cases and connected devices
  in the consumer IoT space?
• Which are the driving factors for the consumer
  IoT market growth?
• How does IoT impact various consumer end-use
  applications?
• What are the new application areas of IoT that
  are explored by the companies for consumers?

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