Leading companies in Internet of Nano Things (IoNT) Market are Alcatel-Lucent S.A. (France), IBM Corporation (U.S.), Cisco Systems, Inc. (U.S.), Intel Corporation (U.S.), Qualcomm Incorporated (U.S.), and many more.
(PRWEB) November 17, 2014
The report "Internet of Nano Things Market by Communication Type (Short & Long Distance Communication), Nano Components & Devices (Cameras, Phones, Scalar Sensors, Processors, Memory Cards, Power Systems, Antennas & Transceivers) - Worldwide Forecast & Analysis (2016 - 2020), segments the global market to define the market size for in-depth analysis and forecasting for the next few years. As per the report, the Internet of Nano Things (IoNT) market is expected to reach $9.69 billion by 2020, which is estimated to be worth $4.26 billion in 2016. The market is estimated to grow at a projected Compound Annual Growth Rate (CAGR) of 22.81%, from 2016 to 2020.
Browse 73 market data tables and 41 figures spread through 125 pages and in-depth TOC on "Internet of Nano Things Market - Worldwide Forecast & Analysis (2016-2020)"
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Internet of Nano Things (IoNT) should be understood with an evolutionary perception. This perception is equivalent to the evolution of the present day networking technologies. IoNT enables interconnects internet with existing communication infrastructure and eases the operations of various devices.
Strong growth in the adoption rate of the advanced mobile devices and smartphones around the world is constantly creating a rise in the network traffic for the existing service providers. Presently, Communication Service Providers (CSPs) are witnessing tremendous amount of data traffic across their networks, which is further expected to grow during the next few years. According to the report published by MarketsandMarkets, service providers are tackling this situation with adoption of advanced solutions. These solutions are expected to assist them in providing better communication through various elements and technologies over the Internet.
Furthermore, advanced concepts like smart cities are expected to expand across different verticals. These verticals include smart agriculture, water, energy, transportation, and such other verticals. Exponential growth in terms of advancements in nanotechnology, the nanosensor network is expected to provide strong control and a higher level of efficiency to the smart lighting systems. However, according to the report, such networks are currently not available for commercial use. All in all, the report suggests that the growing need for communication from all the aforementioned fields are expected to drive the global internet of nano things market in the future.
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