Global IoT Devices Market Size & Share to Grow to USD 291,902 Million By 2027: FnF Research

March 10, 2021May 24, 2021 Raza

New York, NY, March 10, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “IoT Devices Market By Devices (Processor, Connectivity IC, and Sensor), By Product Type (Fitness & Heart Rate Monitor, Connected Cars, Thermostats, Refrigerators, Radar, Glasses, Lighting System, Smart Bluetooth Trackers, and Door Locks), and By Application (Building & Home Automation, Connected Health, BFSI, Energy & Utilities, Connected Logistics, Transportation, and Manufacturing): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027” .

“According to the research report, the global IoT Devices Market was estimated at USD 45,594 Million in 2018 and is expected to reach USD 291,902 Million by 2027. The global IoT Devices Market is expected to grow at a compound annual growth rate (CAGR) of 22.67% from 2019 to 2027”.

Internet of Things (IoT) is an ecosystem of connected devices to the Internet, including smartphones and tablets or any other thing. The sensor is utilized in the devices for communicating, gathering, and exchanging data with one another. The information garnered from the instruments is examined for improving product functionality and service operations.

Request Your Free Sample Report of IoT Devices Market @ https://www.fnfresearch.com/sample/iot-devices-market-by-devices-processor-connectivity-ic-133

(The free sample of this report is readily available on request).

Our Free Sample Report Includes:

2020 Updated Report Introduction, Overview, and In-depth industry analysis
COVID-19 Pandemic Outbreak Impact Analysis Included
190+ Pages Research Report (Inclusion of Updated Research)
Provide Chapter-wise guidance on Request
2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
Includes Updated List of table & figures
Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
Facts and Factors research methodology

(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)

Key Questions Answered in this Report

1) What was the impact of COVID-19 on the IoT Devices Market?

2) What is the market size, share of the IoT Devices Market?

3) Who are the top market players in IoT Devices Market?

4) What will be the future market of the IoT Devices Market?

Key Offerings:

Market Size & Forecast by Revenue | 2020−2026
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
Competitive Landscape – Top key vendors and other prominent vendors

Inquire more about this report before purchase @ https://www.fnfresearch.com/inquiry/iot-devices-market-by-devices-processor-connectivity-ic-133

(You may enquire a report quote OR available discount offers to our sales team before purchase.)

Impact Analysis of COVID-19 Pandemic on Businesses: Know Short Term and Long Term Impact

Most of the businesses are facing a growing litany of business-critical concerns related to the coronavirus outbreak, including supply chain disruptions, a risk of a recession, and a potential drop in consumer spending. All these scenarios will play out differently across various regions and industries, making accurate and timely market research more essential than ever.

We at Facts and Factors ( http://www.fnfresearch.com ) understand how difficult it is for you to plan, strategize, or make business decisions, and as such, we have your back to support you in these uncertain times with our research insights. Our team of consultants, analysts, and experts has developed an analytical model tool for markets which helps us to assess the impact of the virus more effectively on the industrial markets. We are further implementing these insights into our reports for a better understanding of our clients.

Request COVID-19 Impact Analysis on Businesses: https://www.fnfresearch.com/sample/iot-devices-market-by-devices-processor-connectivity-ic-133

Apparently, the internet of things also referred to as connected things encompass sensors and instruments that are linked to the web over immovable or wireless networking systems. This is due to the easy availability of the internet resulting in the mass acceptance of the technology.

Furthermore, the concept of IoT has brought a paradigm shift in the way firms across various business verticals interact with end-users. It helps the enterprises acquire operational efficacy and bring improvement in the operations of business procedures. In addition to this, businesses are accepting IoT-based services to offer cost-effective, easily available, and high-quality services to the end-users.

Moreover, the internet of things is expected to be the next industrial revolution as this will create new business models and totally overhauled & digitized connected businesses. Smart sensors, universal connectivity, and unlimited data storage are steering innovation and bringing together people, procedures, and data, in a connected biosphere.

Industry Major Market Players

LG Electronics Inc.,
Radio Thermostat Company of America,
Qualcomm Technologies Inc.,
Amazon,
Ecobee,
SAMSUNG,
Google LLC,
Honeywell International Inc.,
Motorola Mobility LLC,
Nest Labs,
Pebble,
Sony Corporation.

To know an additional revised 2020 list of market players, request a sample report: https://www.fnfresearch.com/sample/iot-devices-market-by-devices-processor-connectivity-ic-133

Rising utilization of wireless networking systems to drive the market trends

Massive acceptance of wireless networking techniques or wireless equipment will steer the growth of the market during the forecast period. Moreover, the introduction of 5G wireless networking technology will further boost the scope of the business over the time span from 2019 to 2027.

Furthermore, a rise in the acceptance of cloud computing tools will create lucrative growth avenues for the business over the forecast timeline. In addition to this, the cloud computing platform helps in saving the annual costs of the firm to a large extent, thereby increasing the market earnings. Swift digitization witnessed in various industries and technological breakthroughs are likely to augment the expansion of the market over the forecast period. However, growing concerns pertaining to privacy & security will obstruct the market growth over the forecast timeline. Apparently, interoperability and lack of guidelines & standardization may result in hindrances to the business growth during the period from 2019 to 2027.

Directly Purchase a copy of the report with TOC @ https://www.fnfresearch.com/buynow/su/iot-devices-market-by-devices-processor-connectivity-ic-133

Connectivity IC to lead the devices segment over the forecast timeline in terms of revenue

The segmental growth during the forecast period is owing to the massive use of MCUs as well as flexible SoC-type designs. In addition to this, the growing allocation of funds by the key players in the business will further proliferate the segmental growth during the timespan from 2019 to 2027.

Manufacturing segment to dominate the application landscape in terms of value

The growth of the segment over the forecast period is subject to escalating the need for centralized monitoring and predictive maintenance of manufacturing activities.

The study provides a decisive view of the IoT Devices market by segmenting the market based on devices, product type, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027.

Request Customized Copy of Report @ https://www.fnfresearch.com/customization/iot-devices-market-by-devices-processor-connectivity-ic-133

(We customize your report according to your research need. Ask our sales team for report customization.)

A rise in the acceptance of cloud computing tools will create lucrative growth avenues for the business over the forecast timeline. In addition to this, the cloud computing platform helps in saving the annual costs of the firm to a large extent, thereby increasing the market earnings. Swift digitization witnessed in various industries and technological breakthroughs are likely to augment the expansion of the market over the forecast period. However, growing concerns pertaining to privacy & security will obstruct the market growth over the forecast timeline. Apparently, interoperability and lack of guidelines & standardization may result in hindrances to the business growth during the period from 2019 to 2027.

Based on the devices, the market is sectored into Processor, Connectivity IC, and Sensor. Again, the processor segment is sub-segmented into the microcontroller, digital signal processor, an application processor. The Connectivity IC segment is further divided into wired and wireless. The sensor segment is sub-classified into a heart rate sensor, humidity sensor, pressure sensor, camera module, and temperature sensor. On the basis of product type, the IoT devices industry is divided into Fitness & Heart Rate Monitor, Smart Bluetooth Trackers, Connected Cars, Refrigerators, Radar, Thermostats, Glasses, Lighting System, and Door Locks. Application-wise, the market is classified into Transportation, Energy & Utilities, Building & Home Automation, Connected Logistics, Connected Health, BFSI, and Manufacturing.

Browse the full “IoT Devices Market By Devices (Processor, Connectivity IC, and Sensor), By Product Type (Fitness & Heart Rate Monitor, Connected Cars, Thermostats, Refrigerators, Radar, Glasses, Lighting System, Smart Bluetooth Trackers, and Door Locks), and By Application (Building & Home Automation, Connected Health, BFSI, Energy & Utilities, Connected Logistics, Transportation, and Manufacturing): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027” report at https://www.fnfresearch.com/iot-devices-market-by-devices-processor-connectivity-ic-133

Asia Pacific market to record the highest CAGR over the forecast timeline

The market in the Asia Pacific region is set to register the highest growth rate of over 25% during the forecast timespan. The growth of the regional market is attributed to the massive demand for IoT equipment in a slew of applications across the region.

Key Features of IoT Devices Market Report :

IoT Devices Market structure: Overview, industry life cycle analysis, supply chain analysis
IoT Devices Market: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
IoT Devices Market size, trend, and forecast analysis
IoT Devices Market segments’ trend and forecast
IoT Devices Market’s competitive landscapes: Market share, Product portfolio, new product launches, etc.
IoT Devices Market attractiveness and associated growth opportunities
Emerging Trends in the IoT Devices Market.
Strategic growth opportunities for the existing and new players
Key success factors

This report segments the IoT Devices market as follows:

IoT Devices Market: By Devices Analysis

Processor
- Microcontroller (MCU)
- Application Processor (AP)
- Digital Signal Processor (DSP)
Connectivity IC
- Wired
- Wireless
Sensor
- Heart Rate Sensor
- Pressure Sensor
- Temperature Sensor
- Humidity Sensor
- Camera Module

IoT Devices Market: By Product Type Analysis

Fitness & Heart Rate Monitor
Connected Cars
Thermostats
Refrigerators
Radar
Glasses
Lighting System
Smart Bluetooth Trackers
Door Locks

IoT Devices Market: By Application Analysis

Building & Home Automation
Connected Health
BFSI
Energy & Utilities
Connected Logistics
Transportation
Manufacturing

IoT Billing & Invoicing Solutions Market: https://www.fnfresearch.com/iot-billing-invoicing-solutions-market-by-deployment-mode-174

IoT Fleet Management Market: https://www.fnfresearch.com/iot-fleet-management-market-by-platform-device-management-221

IoT Healthcare Market: https://www.fnfresearch.com/iot-healthcare-market-by-component-type-medical-devices-297

Agriculture IoT Market: https://www.fnfresearch.com/global-agriculture-iot-market-by-offering-software-services

About Facts & Factors (FnF Research):

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.

Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Follow Us LinkedIn: https://www.linkedin.com/company/fnfresearch

Follow Us Twitter: https://twitter.com/fnfresearch

Contact Us:

Facts & Factors

USA: +1-347-989-3985

Email: [email protected]

Web: https://www.fnfresearch.com

Blog: http://fnfnewsblog.com