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$100+ Billion Consumer IoT Market by Offerings, End-Use Application, and Geography - Global Forecast to 2023 - ResearchAndMarkets.com

January 24, 2019

DUBLIN--(BUSINESS WIRE)--Jan 24, 2019--The “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” report has been added to ResearchAndMarkets.com’s offering.

The consumer IoT market is estimated to be USD 46.8 billion by 2018 and is projected to reach USD 104.4 billion by 2023, at a CAGR of 17.39%.

The growth of the consumer IoT market can be attributed to the 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. The breach in data security and data privacy is the major restraint for the market.

Market Dynamics

Drivers

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 Government Regulations for Security of IoT Devices

Restraints

Breach in Data Security and Data Privacy

Opportunities

Government Funding in Research and Development Related to IoT Favorable Government Regulations to Promote Green Buildings

Challenges

Lack of Common Protocols and Communication Standards High Power Consumption By Connected Devices Risks of Device Malfunctioning

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Consumer IoT Node Component Market

7 Consumer IoT Network Infrastructure Market

8 Consumer IoT Solution Market

9 Consumer IoT Service Market

10 Consumer IoT Market, By End-Use Application

11 Geographic Analysis

12 Competitive Landscape

13 Company Profiles

AT&T Alphabet Amazon Apple Cisco Systems General Electric Hewlett Packard Enterprise (HPE) Honeywell Intel International Business Machines (IBM) LG Electronics Microsoft NXP Semiconductors Qualcomm Samsung Electronics Schneider Electric Sony Stmicroelectronics Symantec TE Connectivity Texas Instruments

For more information about this report visit https://www.researchandmarkets.com/research/2q5hf6/100_billion?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190124005300/en/

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Related Topics:Internet of Things and M2M

KEYWORD:

INDUSTRY KEYWORD: PROFESSIONAL SERVICES CONSULTING

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/24/2019 05:02 AM/DISC: 01/24/2019 05:02 AM

http://www.businesswire.com/news/home/20190124005300/en

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