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Upcoming Allied Market Research
2021
Consumer Iot Market

Consumer IoT Market by Type (Hardware, Solutions, Services), Node Components (Processor, Sensor, Connectivity IC, Memory Device, and Logic Device), Network Infrastructure (Server, Storage, Ethernet Switch & Routing, Gateway), End-User (Connectivity Management, Wearable Devices, Consumer Electronics, Healthcare, Home Automation, Automotive, Others); Global Opportunity Analysis and Industry Forecast, 2021–2030

A12703
Pages: NA
Oct 2021 | 177 Views
   
Author(s) : Vineet Kumar
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Consumer IoT Market Statistics: 2030

Consumer IoT is the term used to define an array of connected devices such as electronic wearable, smartphones, and home appliances to the internet network. The Consumer IoT market is witnessing remarkable growth due to the rise in utilization of smart devices and surge in number of internet users. In addition, the changes in lifestyle of the population increases the demand for more advanced applications that contributes to impose a positive outlook on the market growth. The Consumer IoT and IoT differ from each other. The home appliances connected to the internet enables the deduction of workload for humans.

Report Matric

Details

 Market size available for the years

 2020-2030

 Base year considered

 2020

 Forecast period

 2021-2030

 Forecast unit

 Value (USD)

 Segments covered

  • Type
  • Node Component
  • Network Infrastructure
  • End User
  • Region

 Regions covered

  • North America (U.S. and Canada),
  • Europe (Germany, UK, France, and the Rest of Europe),
  • Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific).
  • LAMEA (Latin America, Middle East, and Africa)

 Companies covered

 

  1. Cognex Corporation  
  2. Basler
  3. Omron Corporation  
  4. KEYENCE CORPORATION  
  5. National Instruments
  6. Sony Corporation
  7. Teledyne Technologies, Inc.
  8. Allied Vision Technologies
  9. Texas Instruments, Inc.  
  10. Intel Corporation
  11. MediaTek, Inc.
  12. Cadence Design Systems, Inc.
  13. Others


COVID-19 scenario Analysis:

  • The emergence of COVID-19 pandemic has severely affected almost all industries except Healthcare across the world. Further, lockdown restriction on the movement has disrupted the supply chain across the globe and has affected the distribution of the medical analysis software.
  • There is a rise in the demand for IoT in the healthcare industry for efficiently managing the huge volume of hospital data, such as the record of patients and availability of beds due to the sudden spread of the coronavirus disease (COVID-19).
  • Furthermore, there are strong indications that the current pandemic has increased demand for technology and digital solutions. In the medium-to-long run the COVID-19 technology impact may be extremely positive. Everyone is forced to embrace new technologies and discover their benefits. Additional investments in digital infrastructure can be expected.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Increase in preference of home monitoring from remote locations

The global smart home automation market is expected to grow owing to ease of remote and real-time operation of smart home automation system, which has increased the growth and penetration of the smart home automation. Increase in urban and geriatric population has created the need to incorporate smart home automation concept to address the arising challenges. Further, rise in demand for smartphones and easy accessibility of internet are expected to fuel growth in demand in the coming future. The rise in adoption of the automation in security, lighting, energy management, and smart kitchen arenas is anticipated to revolutionize the consumer IoT market growth.

Data Security and Privacy Issues

The IoT devices are connected to the desktop/laptop or with other systems. So if the IoT device contains any security susceptibility, it can be harmful to the consumer’s network. This susceptibility can attack other systems and damage them. There is always risk of privacy while in use IoT devices because they are interconnected with various hardware and software, so there are various chances occur of sensitive information leaking through unauthorized manipulation. However, IoT devices are transmitting the user’s personal information such as name, address, date of birth, credit card detail, and much more without encryption. Sometimes, lack of security increases the risk of personal information leaking while the data is collected and transmitted to the IoT device.

Key Segments covered:

Segments

Sub-segments

 Type  

  • Hardware
  • Solutions
  • Services

 Node Components

  • Processor
  • Sensor
  • Connectivity IC
  • Memory Device
  • Logic Device

 Network Infrastructure

  • Server
  • Storage
  • Ethernet Switch & Routing
  • Gateway

 End User

  • Connectivity Management
  • Wearable Devices
  • Consumer Electronics
  • Healthcare,
  • Home Automation,
  • Automotive
  • Others


Key benefits of the report:

  • This study presents the analytical depiction of the global consumer IoT market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of global consumer IoT market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the global consumer IoT market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides detailed global consumer IoT market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the global consumer IoT market research report:

  • Which are the leading market players active in the consumer IoT market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the consumer IoT market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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