|
Home | Submit Press Release | Advertise | Submit Website
(Hosting-NewsWire.com, November 03, 2016 ) IoT communication protocol market, in terms of value, is expected to grow from USD 11.44 Billion in 2015 to USD 15.80 Billion by 2022, at a CAGR of 4.7% between 2016 and 2022. The market is highly diversified and competitive with market players that include top-tier and mid-tier companies and as well as start-up firms. With the rate of proliferation of wireless sensors, the increasing adoption of emerging technologies, and mainstreaming of many smart consumer applications, the IoT technology has become the most popular concept across domains, such as automotive, healthcare, and consumer electronics among others.
Free PDF Brochure Download: http://www.marketsandmarkets.com/pdfdownload.asp?id=172564879
This report provides valuable insights into ecosystem of this market including connectivity IP provider and connectivity solution provider companies. The key players to this market includes companies such as STMicroelectronics N.V. (Switzerland), NXP Semiconductors N.V. (Netherlands), Synopsys, Inc. (U.S.), CEVA, Inc. (U.S.), and Texas Instruments, Inc. (U.S.) among others.
This report covers the IoT communication protocol market segmented on the basis of connectivity technology, end-use application, and region. The market study includes the market size of different technologies such as Wi-Fi, Bluetooth, Bluetooth Smart, Wi-Fi/ Bluetooth, Ant+/Bluetooth, ZigBee, NFC, GNSS, WHART, Cellular, NFC, and EnOcean among others. The market is segmented on the basis of application into wearable devices, healthcare, automotive & transportation, building automation, industrial, consumer electronics and precision farming. The market is segmented on the basis of geography into North America, Europe, Asia-Pacific, and Rest of the World.
http://www.marketsandmarkets.com/Market-Reports/iot-communication-protocol-market-172564879.html
The market for Wi-Fi connectivity technology held the largest share followed by Bluetooth. The major reason for the large share is that Wi-Fi is already being widely deployed, and it is easy to add new devices to the enterprises, hospitals, and homes. Bluetooth is also widely deployed and operates at low power and have reliable connectivity. The major market for Wi-Fi and Bluetooth is in consumer electronics which include smartphones, smart TVs, home theater projectors, next-generation console, tablets & laptops and set-top boxes in consumer devices, and washing machine, refrigerator, dishwasher, and ovens in consumer appliances.
The North America region held the largest share of the IoT technology market in 2015. The major driving factors for the growth in the North America region are increased research and development in the field of IoT, high penetration of Internet and smartphones, and growth of a number of IoT start-ups. The APAC region is expected to grow at the highest CAGR during the forecast period. The presence of a huge end-user base in advanced economies such as Japan and South Korea and the growing demand for energy management systems are further expected to drive the IoT Communication protocol market in this region.
Report Inquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=172564879
Lack of common communication standards across platforms and low power efficiency of IoT devices act as a restraint for the growth of this market. The IoT communication protocol market provides huge scope for innovative cross-domain applications and development of comprehensive system solutions. The increasing interconnectivity of IoT-enabled devices collecting and sharing data significantly increases the number of potential vulnerabilities within the IoT ecosystem causing major data security and privacy issues.
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr.Rohan
MarketsandMarkets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Website: http://www.marketsandmarkets.com/
MarketsandMarkets
Mr. Rohan
1-888-600-6441
sales@marketsandmarkets.com
Source: EmailWire.Com
Source: EmailWire.com
Submit press release on hosting | Submit your hosting website
|
|