The global market for connected devices will be worth US$88 billion by 2020.
Albany, NY (PRWEB) January 28, 2015
This research report evaluates the connected consumer device market’s drivers, ecosystem, restraints, and opportunities for value chain constituents.
Consumer electronic devices have been stand-alone objects which function in isolation for virtually the entire history of electronics. However, this trend is rapidly shifting as many high-end appliances, low-cost devices, digital equipment, and assets are gaining connectivity via embedded computing and communications technology. The term ‘connected devices’ refers to a device which can be used by a consumer for multiple purposes. Such a device can be used for news, entertainment, information, and general lifestyle enhancement purposes.
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The connected devices market is anticipated to rise massively as the preference for machine-to-machine (M2M) communications and applications related to Internet of Things (IoT), solutions, and devices are expected to rapidly grow in the consumer goods sector. In the coming years, the connected devices market will demonstrate a strong growth. The growing connected devices market will in turn impact several other industries’ growth such as entertainment services, consumer electronics, energy management, healthcare, security, sports and fitness, etc. However, certain industry sectors will experience significantly more growth than others because of structural differences which will allow them to exploit the value of distributed devices better.
The research study on the connected devices market offers a detailed segmentation of the market according to major geographical categories, products, technologies, and market trends. The most influential future trends in the connected consumer devices market are covered in this report. In addition, the report provides an evaluation of the connected consumer devices ecosystem, overall market, and ongoing and future standardization for better interoperability. The report also helps identify specific marketing strategies for market share growth, opportunities and restraints for market development, leading vendors, solutions, and their market positioning. Moreover, this research study helps spot the differences between consumers and non-consumers.
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The intelligence data along with connected consumer device market forecasts for 2015-2020 will add value to several enterprises operating in this market. It also provides the market share of vendors, software, and services by revenue. This research report offers key insights to cloud, big data, and analytics companies, all wireless service providers, smartgrid equipment and service vendors, smart city planners and suppliers, investment companies, component providers, and other similar firms in this market.
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