The global Consumer IoT market was valued at USD 46.8 billion in 2018 and is estimated to reach approximately 154 Billion by 2026 and is projected to expand at a CAGR of 16% during the period, 2020 – 2026. The growth of the market in the forecasted period is attributed to the adoption of smart devices, rise in the number of internet users, increase in disposable income in emerging nations and consumers striving for increased convenience and an improved quality of life.
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Consumer IoT refers to a collection of devices such as smartphones, home appliances, and electronic wearables connected to the internet network. The consumer IoT differs from the internet of things with respect to the applications and devices. The home appliances connected to the internet ensures that the redundant work and overall workload for humans is reduced. It offers features such as resource tracking, better interaction and communication to people. Growth in the demand of home automation devices in several applications and home monitoring in remote locations is expected to fuel the growth of the market in the coming years
Market Trends, Drivers, Restraints, and Opportunities:
Competitive Landscape:
Major players in the global consumer IoT market include Texas Instruments Incorporated, Qualcomm Incorporated, General Electric, Symantec Corporation, Alphabet Inc., Microsoft Corporation, Cisco Systems Inc., Sony Corporation, Samsung Electronics Co. Ltd, Hewlett Packard Enterprise Company and Honeywell International Inc. In the segment of wireless connectivity, Qualcomm is one of the major players. The organization manufactures, designs and markets its digital communications services and products. The company has also invested heavily in R&D to come up with improved versions of wireless technologies.
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Segments Covered in the Report:
The global consumer IoT market has been segmented on the basis of
By End-Use Applications:
By Regions:
Few Points of Table of Content:
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Consumer IoT Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Consumer IoT Market – Supply Chain
4.5. Global Consumer IoT Market Forecast
4.5.1. Consumer IoT Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Consumer IoT Market Size (000? Units) and Y-o-Y Growth
4.5.3. Consumer IoT Market Absolute $ Opportunity
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Consumer IoT Market Size and Volume Forecast by Type
5.3.1. IoT Node Component
5.3.2. IoT Network Infrastructure
5.3.3. Internet of Things Solution
5.3.4. Internet of Things Service
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
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