Refurbished IoT: $12 Billion Opportunity, Market-Size and Forecast (2018-2025) - ResearchAndMarkets.com
Industries such as manufacturing, healthcare and facilities management are currently finding great value in IoT. The research projects that the number of IoT connections will rise from about 9.8 billion in 2018 to 15 billion by 2020 and 45 billion by 2025. Looking at the huge volume of IoT devices, its refurbished market is likely to emerge as a highly significant segment in its own right and likely to grow at much faster rate than the parent market.
A possible effect of a more organised refurbished IoT market is likely to result in market cannibalisation: some new adopters may elect to buy refurbished IoT devices rather than new, just to experience the outputs while also keeping cost under control. However, some of those that purchase refurbished IoT devices may later decide to purchase new next time round. Furthermore, familiarity with a used IoT device may act as a brand gateway and encourage the purchase of other IoT devices from the same vendor.
An organised refurbished IoT market would not only help in further boosting the IoT adoption among price sensitive buyers, but it’ll also help IoT device manufacturer to clear their inventory - surplus or defective.Market Dynamics Drivers Cost Containment Pressure on Smaller CompaniesNew IoT Adopters, Deploying IoT as a TrialLarge Inventory of Old or Used IoT Devices Restraints Negative Perception about the Quality of Refurbished IoT Devices Among End UsersReluctance to Purchase Refurbished IoT Devices by Large Organisations and GovernmentsLack of Awareness about the Cost-Benefits of Refurbished IoT Devices Opportunities Rapid Growth in the Number of IoT Projects across Industrial, and CivilGrowing Adoption of IoT in Emerging Markets Challenges Refurbished IoT Devices Market is Currently UnorganisedThe Average Cost of IoT Devices is Falling
Key Topics Covered
2 Executive Summary
3 Refurbished IoT Market Overview
4 Refurbished IoT Market Insights
5 Refurbished IoT Devices Market Forecast, By Product, 2018-2025
6 Refurbished IoT Market Forecast, By Region, 2018-2025
7 Company ProfilesARM HoldingsAdeunis RFAdvantechAltair SemiconductorsAtmelBroadcomDialog SemiconductorDigi InternationalEspressif SystemsFibocomHuaweiIngenuIntelLaird TechnologiesLantronixLinear TechnologyMarvell Technology GroupMediatekNeoway TechnologyNordic SemiconductorNovatel WirelessQualcommQuectelRadiocraftsRedpine SignalsRenesasSIMcom Wireless SolutionsSTMicroelectronicsSilicon LabsTelit CommunicationsTexas InstrumentsToshiba SemiconductorsU-bloxZTEand many more...
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Related Topics:Internet of Things and M2M
INDUSTRY KEYWORD: TECHNOLOGY INTERNET
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/10/2018 08:46 AM/DISC: 10/10/2018 08:46 AM