The global consumer Internet of Things (IoT) market size is expected to reach USD 334.78 Billion in 2032 and register a revenue CAGR of 13.9% during the forecast period, according to the latest analysis by Emergen Research. Increasing adoption of smart devices and growing number of internet users is a major factor driving the market revenue growth. When using the Internet of Things for customer care, organizations can use the collected data to do advanced analytics. Software processes and analyses data generated from IoT devices in the cloud to better understand customer trends and expectations. IoT also improved the notion of client digital verification by enabling applications such as biometric sensors, hence driving revenue growth of the market.
Growing advancements in IoT technology are another factor contributing to the market revenue growth. For instance, on 14 March 2023, Viakoo, the market leader in IoT/OT vulnerability remediation, announced a collaboration with Presidio, a worldwide digital services and solutions provider, to provide comprehensive physical security, Internet of Things (IoT), and Operational Technology (OT) cybersecurity solutions to joint customers. The collaboration assists organizations in achieving convergence in the way physical security and cybersecurity teams function in order to decrease risk and stop threats such as ransomware, data exfiltration, and advanced persistent threats.
The global Consumer Internet of Things (IoT) industry has been broadly categorized in terms of product type, application spectrum, end-user industry, and an intensely competitive landscape. The report inspects the current market scenario, past performance, demand and supply ratios, production and consumption rates, sales, and numerous growth opportunities available. Further, into the study, the report predicts the prospective growth of the market’s leading regional segments. A lucid outline of the competitive scenario of the Consumer Internet of Things (IoT) market is likely to help businesses involved in this sector decipher the optimal business moves to reach their desired business goals.
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Key Players operating in the industry are:
Cisco Systems, Inc., Honeywell International Inc., Infineon Technologies AG, Intel Corporation, IBM, Microsoft, NXP Semiconductors, Siemens, STMicroelectronics, TTI Electronics Asia Pte. Ltd
Radical Features of the Consumer Internet of Things (IoT) Market Report:
- The report encompasses Consumer Internet of Things (IoT) market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Consumer Internet of Things (IoT) industry
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Segmentation:
-
Offering Outlook (Revenue, USD Billion; 2019–2032)
- Hardware
- Processor
- Microcontroller (MUC)
- Microprocessor (MPU)
- Digital Signal Processor (DSP)
- Application Processor (AP)
- Network Infrastructure
- Server
- Storage
- Others
- Sensors
- Temperature
- Pressure
- ECG
- Accelerometers
- Inertial Measurement Unit
- Humidity
- Light
- Camera Modules
- Others
- Processor
- Software
- Data Management
- Security
- Real-time Streaming Management
- Remote Monitoring
- Network Management
- Others
- Services
- Professional Services
- Consulting Services
- Implementation Services
- Support & Maintenance
- Managed Service
- Professional Services
- Hardware
-
End-Use Outlook (Revenue, USD Billion; 2019–2032)
- Home Automation
- Consumer Electronics
- Lighting
- Washing Machine
- Dishwasher
- TV
- Others
- Automotive
- Connected Cars
- In-car Infotainment
- Traffic Management
- Healthcare
- Blood Pressure Monitor
- Fitness & Heartrate Monitor
- Pulse Oximeter
- Blood Glucose Meter
- Others
- Others
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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