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 study further covers the recent momentum in the competitive landscape taking into account the company profiles of prominent market players. Extensive information about every top performer has been enclosed in this market intelligence report along with their initiatives including product launches, collaborations and technology upgrade and more. Vital statistics on different aspects such as market segmentation, customer preference, growing spending power, demand and supply status and gross margin are presented through self –explanatory resources like charts, tables and infographics. 

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 Key companies profiled in the report include:

Cisco Systems, Inc., Honeywell International Inc., Infineon Technologies AG, Intel Corporation, IBM, Microsoft, NXP Semiconductors, Siemens, STMicroelectronics, TTI Electronics Asia Pte. Ltd

Key Questions Answered by the Report:

Which region is expected to dominate the market in the coming years?

What are the recent technological and product advancements occurring in the market?

What are the key strategies adopted by the prominent players in the Consumer Internet of Things (IoT) market?

What are the key product types and applications of the Consumer Internet of Things (IoT) industry?

What is the outcome of SWOT analysis and Porter’s Five Forces analysis?

How is the competitive landscape of the Consumer Internet of Things (IoT) market?

Who are the key players in the industry?

What is the growth rate of the industry over the coming years?

What will be the valuation of the Consumer Internet of Things (IoT) Market by 2027?

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 Market Segmentation

  • Offering Outlook (Revenue, USD Billion; 2019–2032)

    • Hardware
      • Processor
        1. Microcontroller (MUC)
        2. Microprocessor (MPU)
        3. Digital Signal Processor (DSP)
        4. Application Processor (AP)
      • Network Infrastructure
        1. Server
        2. Storage
        3. Others
      • Sensors
        1. Temperature
        2. Pressure
        3. ECG
        4. Accelerometers
        5. Inertial Measurement Unit
        6. Humidity
        7. Light
        8. Camera Modules
        9. Others
    • Software
      • Data Management
      • Security
      • Real-time Streaming Management
      • Remote Monitoring
      • Network Management
      • Others
    • Services
      • Professional Services
        1. Consulting Services
        2. Implementation Services
        3. Support & Maintenance
      • Managed Service
  • Connectivity Outlook (Revenue, USD Billion; 2019–2032)

  • End-Use Outlook (Revenue, USD Billion; 2019–2032)

    • Home Automation
    • Consumer Electronics
      1. Lighting
      2. Washing Machine
      3. Dishwasher
      4. TV
      5. Others
    • Automotive
      1. Connected Cars
      2. In-car Infotainment
      3. Traffic Management
    • Healthcare
      1. Blood Pressure Monitor
      2. Fitness & Heartrate Monitor
      3. Pulse Oximeter
      4. Blood Glucose Meter
      5. Others
    • Others

Regional Analysis:

Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.

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ToC of the report:

Chapter 1: Market overview and scope

Chapter 2: Market outlook

Chapter 3: Impact analysis of COVID-19 pandemic

Chapter 4: Competitive Landscape

Chapter 5: Drivers, Constraints, Opportunities, Limitations

Chapter 6: Key manufacturers of the industry

Chapter 7: Regional analysis

Chapter 8: Market segmentation based on type applications

Chapter 9: Current and Future Trends

Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

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