As per this study, the Global Consumer IoT Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
Internet of Things (IoT) is a network of interconnected physical devices with internet connectivity and allows communication between connected physical devices and other internet-enabled devices and systems. Consumer IoT refers to the network of connected devices that relates to consumer applications. Consumer applications such as smart TVs, connected streaming devices, connected car applications, home control devices, voice command systems, and others can be considered under consumer IoT devices.
The growing adoption of consumer IoT devices in everyday life along with an increasing internet penetration is fueling the consumer IoT market growth. Additionally, the increasing significance of home control devices from remote locations along with rising disposable income is further boosting the market growth. On the flip side, concerns regarding data security and privacy may hinder market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of consumer IoT.
The broad consumer IoT market has been sub-grouped into node component, network infrastructure, solution & service, and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Node Component
By Network Infrastructure
- Connectivity IC
- Memory Device
- Logic Device
By Solution & Service
- Ethernet Switch & Routing
- Software & Platform Solution
- Professional & Managed Services
- Wearable Devices
- Consumer Electronics
- Home Automation
- In-Car Infotainment
- Traffic Management
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for consumer IoT in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Consumer IoT Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the consumer IoT market include GENERAL ELECTRIC, IBM Corporation, Intel Corporation, NXP Semiconductors, Qualcomm Technologies Inc., Schneider Electric, STMicroelectronics, Symantec Corporation, TE Connectivity, Texas Instruments Incorporated, and others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.