Global Consumer IoT Market, By Type (Hardware, Solutions, Services), Node Component (Processor, Sensor, Connectivity IC, Memory Device, and Logic Device), Network Infrastructure (Server, Storage, Ethernet Switch and Routing, Gateway), Solution (Software, Platform), Service (Professional Services, Managed Services), End-Use (Wearable Devices, Consumer Electronics, Healthcare, Home Automation, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Consumer IoT Market will grow at a CAGR of 17.43% in the forecast period of 2021 to 2028. Growing number of internet users and adoption of smart devices is an essential factor driving the consumer IoT market.
Consumer IoT (Internet of Things) is defined as a type of internet of things, with the main difference coming on the application and the devices it is used on. Internet of Things connects the different devices, networks, systems so that there is ease of communication and usage. For example, smart house is the perfect example of consumer IoT as it incorporates all the smart devices with the same network and perfectly applies and achieves ease of communication and usage for the consumer.
Increasing awareness about fitness and rise in disposable incomes in developing economies is a crucial factor accelerating the market growth, also rising consumer preference for increased convenience and better lifestyle, rising significance of home monitoring from remote locations, rising government regulations for security of IoT devices, rising number of internet users and increasing adoption of smart and multimedia devices, rising convenience and ease-of-life with consumer IoT, rising health awareness and rising disposable incomes are the major factors among others boosting the consumer IoT market. Moreover, rising government funding in research and development related to IoT and rising favourable government regulations to promote green buildings will further create new opportunities for consumer IoT Market in the forecast period mentioned above.
However, rising risks of privacy of data and breaches associated with consumer IoT and increased amount of power consumption conducted by the connected devices are the major factors among others which will curtail the market growth, while rising lack of common protocols and communication standards, increasing power consumption by connected devices and rising risks of Device malfunctioning will further challenge the consumer IoT Market in the forecast period mentioned above.
This consumer IoT Market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on consumer IoT Market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Consumer IoT Market Scope and Market Size
Consumer IoT market is segmented on the basis of type, node component, network infrastructure, solution, service and end-use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the consumer IoT market is segmented into hardware, solutions and services.
- Based on node component, the consumer IoT market is segmented into processor, sensor, connectivity IC, memory device, and logic device.
- Based on network infrastructure, the consumer IoT market is segmented into server, storage, ethernet switch and routing and gateway.
- Based on solution, the consumer IoT market is segmented into software and platform.
- Based on service, the consumer IoT market is segmented into professional services and managed services.
- The consumer IoT market is also segmented on the basis of end-use into wearable devices, consumer electronics, healthcare, home automation and others.
Consumer IoT Market Scope Country Level Analysis
Consumer IoT market is analysed and market size, volume information is provided by country, type, node component, network infrastructure, solution, service and end-use as referenced above.
The countries covered in the consumer IoT market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the consumer IoT market due to rising incidences of chronic diseases and number of diabetes patients, and ease of use of medical devices, rising adoption of smart connected devices and rapid digitalization across various consumer end-use applications and increasing demand for smart devices from consumer electronics, wearable, and home automation applications in this region.
The country section of the consumer IoT market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Consumer IoT Market Share Analysis
Consumer IoT market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to consumer IoT market.
The major players covered in consumer IoT market report are Qualcomm Technologies Inc., Texas Instruments Incorporated, NXP Semiconductors, Intel Corporation, STMicroelectronics, IBM Corporation, GENERAL ELECTRIC, Symantec Corporation, TE Connectivity, Schneider Electric, Cisco, Amazon Inc., Apple Inc., Google, LG Electronics, SAMSUNG, Sony Corporation, Microsoft, AT&T Intellectual Property, Honeywell International Inc., and Hewlett Packard Enterprise Development LP., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Consumer IoT Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.