IoT in Consumer Electronics Market Surging to Witness an Amplifying Growth By 2027

“IoT in Consumer Electronics Market”
Global IoT in Consumer Electronics Market Research Report – Forecast to 2027 – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

Industry News

  • In May 2016, Intel announced the demo testing of Puma 7 Home Gateway.
  • In April 2016, Gainspan Corp. introduced the new product in HD Streaming Video/Audio Platform for Smart Homes which can be operated through smartphones.
  • In February 2016, Qualcomm Technologies introduced a new IP camera which can be used for safety and security and can be operated through mobiles and other devices.

 

IoT in Consumer Electronics Market – Key Players

The Market of IoT in Consumer Electronics appears to be competitive owing to the presence of numerous well-established players having international and global presence. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for the leading players. These key players compete based upon pricing, reputation and services. 

 

Considering that the market of IoT based smart-home gadgets is estimated to escalate; many new entrants are likely to get attracted to this market as for manufacturers, this opportunity indicates to the remarkable revenue potential. However since for the most manufacturers the connectivity aspect not being their core expertise the ability to get secure, scalable connected products is likely to pose a challenge.  Hence Manufacturers strive to develop IoT Platform that can help consumer electronics manufacturers to get their products to market quickly by leveraging a well proven, scalable and secure IoT platform.

 

Intel (U.S.), IBM (U.S.), Gainspan (U.S.), Apple Inc. (U.S.) Particle.io (U.S.) Libelium Comunicaciones (Spain), Qualcomm Technologies (U.S.), Silicon Laboratories (U.S.), Lantronix, Inc. (U.S.), and ARM Holdings Plc., (U.K.)   are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global IoT in Consumer Electronics Market.

 

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IoT in Consumer Electronics Market Overview

The Global IoT in Consumer Electronics Market is growing with the rapid pace; mainly due to the burgeoning Electronics Market.  According to a recent study report published by the Market Research Future, The global IoT in Consumer Electronics Market is booming and expected to gain prominence over the forecast period.  The Market is forecasted to demonstrate an upsurge growth by 2027, surpassing its previous growth records in terms of value with a whooping CAGR during the anticipated period (2017 – 2027).

 

The dynamic market of enterprise technology changes rapidly, and in the Internet of Things market, it changes even faster and in the electronics industry, it is changing the fastest. Over the last decade the world has shifted from an on premise to an almost fanatical allegiance to the cloud.

 

IoT is a network of physically connected devices with the help of a software, sensor, electronic equipment and network connectivity to exchange and communication of data and information with or without human presence. Over a couple of years in the past the technology has been grown, IoT has bought the revolutionary change in the consumer electronic market.

 

Electronics industry gains the most from the IoT. Electronics manufacturers have been connecting devices and appliances for years. The availability of in-home Wi-Fi and connectivity points is creating an environment that enables devices to constantly be connected into the cloud to send operational, warranty and service data. It’s easy to see what a huge opportunity the connected home is creating for the electronics industry.

 

Internet of Things or IoT refers to smart interconnection between devices through internet technologies. The technology enables smart interconnection among devices through the Internet. Today, the IoT is thriving in home electronics, from entertainment to smart home control. Homes are becoming smarter and more connected over the period.

 

Increasingly, smart TV sets, washing machines and home appliances are adopting IoT approaches and get networked. IoT devices are enabled to sense and transmit information online, offering consumers’ greater information and influence over their environment. Gadgets can now be accessed digitally and controlled from anywhere on a variety of devices, including mobile, desktop and tablets.

 

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IoT in Consumer Electronics Market Segments

For the Better understanding of this report the Global IoT in Consumer Electronics Market has been segmented in to 4 key dynamics.

Segmentation By Application: Comprises Smart Home System, Smartphones & Tablets, PCs, laptops, Smart Wearable devices and other

Segmentation By Sensor: Comprises Accelerometer, Light Sensor, Pressure Sensors, Temperature Sensor, Gyroscopes Sensor

Segmentation By Deployment: Comprises On-Premise, Cloud

Segmentation By Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

 

IoT in Consumer Electronics Market – Regional Analysis

North America is dominating the market of IoT in Consumer Electronics. A study shows that by the 2020 in the US every fifth house will be a smart home. Currently North America accounts for a substantial market share and has been valued in multi billions. It is expected that in North America IoT In Consumer Electronics Market will reach to a considerable market size by the end of forecasted period. Europe stands as second biggest market for IoT in Consumer Electronics which accounts for an extensive market share and expected to reach the market size of multibillion USD by the end of forecasted period. Asia-Pacific has emerged as fastest growing market with a large CAGR and expected to holds a substantial of market share by the end of forecasted period.

 

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