The global Consumer IoT market was valued at USD 46.8 billion in 2018 and is estimated to reach approximately 154 Billion by 2026 and is projected to expand at a CAGR of 16% during the period, 2020 – 2026. The growth of the market in the forecasted period is attributed to the adoption of smart devices, rise in the number of internet users, increase in disposable income in emerging nations and consumers striving for increased convenience and an improved quality of life.

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Consumer IoT refers to a collection of devices such as smartphones, home appliances, and electronic wearables connected to the internet network. The consumer IoT differs from the internet of things with respect to the applications and devices. The home appliances connected to the internet ensures that the redundant work and overall workload for humans is reduced. It offers features such as resource tracking, better interaction and communication to people. Growth in the demand of home automation devices in several applications and home monitoring in remote locations is expected to fuel the growth of the market in the coming years

Market Trends, Drivers, Restraints, and Opportunities:

• The steady increase in the number of internet users across the world is expected to drive the market.
• Rise in adoption of multimedia and smart devices is anticipated to boost the demand for consumer IoT.
• The increased in convenience and enhanced lifestyle with the usage of consumer IoT is expected to propel the market.
• Risk related to data privacy and security breaches associated with consumer IoT is expected to hinder the growth of the consumer IoT market.
• High power consumption due to the connected devices is expected to be a restraint in the demand for consumer IoT.
• The increasing utilization of connecting devices is anticipated to generate huge volume of data, which is further utilized for multiple purposes by end-users. The need for generating vast amount of data through consumer IoT is one of the key trends that is expected to boost the market.

Competitive Landscape:

Major players in the global consumer IoT market include Texas Instruments Incorporated, Qualcomm Incorporated, General Electric, Symantec Corporation, Alphabet Inc., Microsoft Corporation, Cisco Systems Inc., Sony Corporation, Samsung Electronics Co. Ltd, Hewlett Packard Enterprise Company and Honeywell International Inc. In the segment of wireless connectivity, Qualcomm is one of the major players. The organization manufactures, designs and markets its digital communications services and products. The company has also invested heavily in R&D to come up with improved versions of wireless technologies.

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Segments Covered in the Report:

The global consumer IoT market has been segmented on the basis of

By Offerings:

• Network Infrastructure
• Solutions
• Services
• Node Components

By End-Use Applications:

• Wearable Devices
• Healthcare
• Consumer Electronics
• Automotive
• Home Automation

By Regions:

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Few Points of Table of Content:

4.1. Introduction

4.1.1. Market Taxonomy

4.1.2. Market Definition

4.2. Macro-Economic Factors

4.2.1. Industry Outlook

4.3. Consumer IoT Market Dynamics

4.3.1. Market Drivers

4.3.2. Market Restraints

4.3.3. Opportunity

4.3.4. Market Trends

4.4. Consumer IoT Market - Supply Chain

4.5. Global Consumer IoT Market Forecast

4.5.1. Consumer IoT Market Size (US$ Mn) and Y-o-Y Growth

4.5.2. Consumer IoT Market Size (000? Units) and Y-o-Y Growth

4.5.3. Consumer IoT Market Absolute $ Opportunity

5.1. Market Trends

5.2. Introduction

5.2.1. Basis Point Share (BPS) Analysis by Type

5.2.2. Y-o-Y Growth Projections by Type

5.3. Consumer IoT Market Size and Volume Forecast by Type

5.3.1. IoT Node Component

5.3.2. IoT Network Infrastructure

5.3.3. Internet of Things Solution

5.3.4. Internet of Things Service

5.4. Absolute $ Opportunity Assessment by Type

5.5. Market Attractiveness/Growth Potential Analysis by Type

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Tags: Consumer IoT Market Share, Consumer IoT Market Size, Consumer IoT Market Forecast, Consumer IoT Market, Consumer IoT Market Analysis, Consumer Iot Market report

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Name: Alex Mathews

Address: 500 East E Street, Ontario,

CA 91764, United States.

Phone No: USA: +1 909 545 6473 | IND: +91-7000061386

Email: sales@dataintelo.com

Website: https://dataintelo.com