Various factors are propelling the global IoT in consumer electronics market share. According to the recent MRFR report, such factors include the increase in cloud computing, rise in the use of tablets and smartphones, developments in IoT security, rise in internet users, increasing adoption of smart devices, rise in disposable income, and growing awareness about fitness. Additional factors adding market growth include the preference of consumers for better lifestyle and increased convenience, declining prices of such products, and comfort provided by connected consumer products.
On the contrary, lack of standardization, privacy concern, and the impact of the on-going COVID-19 outbreak are factors that may deter the global IoT in consumer electronics market growth over the forecast period.
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The MRFR report highlights an inclusive segmental analysis of the global IoT in consumer electronics market based on connectivity, deployment, and product.
By product, the global IoT in consumer electronics market is segmented into dishwashers, washing machines, printers, laptops, kitchen appliances, wearable devices, smartphones, smart TV, and others.
By deployment, the global IoT in consumer electronics market is segmented into on-cloud and on-premise.
By connectivity, the global IoT in consumer electronics market is segmented into zigbee, Zwave, Wi-Fi, Bluetooth, NFC, and others.
Which segment will provide the most chance for IoT in Consumer Electronics growthAnalysis till 2027?
The global Industry segmented into IoT in Consumer Electronics Market Size, type, component, voltage, application and region. By type the segment is further classified into skid mounted and mobile IoT in Consumer Electronics Market Forecasts 2027. By component, the segment is further classified into switchgear, bus bar, HVAC systems, transformer, frequency drives, monitoring and control systems and others. By voltage, the segment, is further classified into low voltage and medium voltage IoT in Consumer Electronics Market. IoT in Consumer Electronics Market Report are used in various industries such as oil and gas, mining, transportation, and power utilities.
Which Top Market Participants are Consider for the highest IoT in Consumer Electronics market share?
Some of the market leader in the Global IoT in Consumer Electronics Market include, IBM (US), Intel (US), Gainspan (US), Particle.io (US), Apple Inc. (US), Qualcomm Technologies (US), Libelium Comunicaciones (Spain), Silicon Laboratories (US), ARM Holdings Plc., (UK), Lantronix, Inc. (US), Symantec (US), Texas Instruments (US), Hewlett Packard Enterprise (US), PTC (US), STMicroelectronics (Switzerland), Amazon Web Services (US), Cisco Systems (US), Ayla Networks (US), Notion (US), Losant IoT (US), and Pepper (US)
By region, the global IoT in consumer electronics market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), & the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. The presence of leading technology-based companies, increasing adoption of smart home automation, growing demand for smart devices from home automation applications, wearable, and consumer electronics, rising health consciousness for rising cases of chronic diseases such as diabetes, easy use of medical devices, rapid digitalization, and growing adoption of smart connected devices are adding to the global IoT in consumer electronics market growth in the region.
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IoT in Consumer Electronics Market By Geography
The Middle East and Africa
IoT in Consumer Electronics Market Covid 19 Analysis
Due to a rise in phishing activities, COVID-19 has substantially increased the adoption of cloud infrastructure and services. In addition, COVID-19 has significantly increased the security budget, which has resulted in a large increase in cloud infrastructure and services. According to the findings of a study conducted by Microsoft and published in August 2020, 36% of the total 800 respondents said that the budget for cybersecurity had risen as a consequence of the pandemic outbreak. Additionally, 42 percent of those who answered the survey said that the company altered its personnel by adding more security experts.