IoT devices are instruments that can be connected to the internet to offer remote controlled connectivity. These devices sense and analyze their surroundings to offer inputs about the designated area. IoT is a network of physical objects interconnected through various network technologies. The devices in this network can communicate among themselves and with the external environment when required. Kevin Ashton, a British entrepreneur, coined the term IoT in 1999, while dealing with networked radio-frequency identification (RFID) and emerging sensing technologies. This technology can connect devices, systems, and services in an advanced manner that goes beyond machine-to-machine (M2M) communications. The interconnection of the devices including smart objects will propel automation in nearly all fields, leading to further technological advances such as smart grids, smart meters, and smart cities.
Technavio’s analysts forecast the global IoT devices market to grow at a CAGR of 3.72% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global IoT devices market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of IoT devices.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global IoT Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors - Samsung Electronics - Google - LG Electronics - Sony - Seiko Epson - Honeywell International
Market driver - Large-scale benefits of using IoT devices - For a full, detailed list, view our report
Market challenge - Growing privacy and security concerns - For a full, detailed list, view our report
Market trend - Development of high-power processors for IoT devices - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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