Consumer IoT Market Global Consumer IoT Market – Industry Trends and Forecast to 2026 Global Consumer IoT Market, By Offerings (Node Component, Network Infrastructure, Solution, Service), End-Use Application (Wearable Devices, Consumer Electronics, Healthcare, Home Automation, Automotive), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026 Global consumer IoT market is expected to rise from its initial estimated value of USD 47.50 billion in 2018 to an estimated value of USD 172.34 billion by 2026, registering a CAGR of 17.48% in the forecast period of 20192026
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Report Description
Consumer IoT (Internet of Things) can be described as a type of Internet of Things, with the main difference coming on the application and the devices it is used on. Internet of Things connects the different devices, networks, systems so that there is ease of communication and usage. For example, smart house is the perfect example of consumer IoT as it incorporates all the smart devices with the same network and perfectly applies and achieves ease of communication and usage for the consumer. Request For Free Sample Report: https://www.databridgemarketresearch.com/request-asample/?dbmr=global-consumer-iot-market 2
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Market Drivers and Restraints •
Growing number of internet users and increasing adoption of smart and multimedia devices is expected to drive the market growth • Increased convenience and ease-of-life with consumer IoT is also expected to drive the market growth • Risks of privacy of data and breaches associated with consumer IoT is expected to restrain the market growth • High amount of power consumption conducted by the connected devices is also expected to restrain the market growth Speak to Expert: https://www.databridgemarketresearch.com/speak-toanalyst/?dbmr=global-consumer-iot-market databridgemarketresearch.com US : +1-888-387-2818 UK : +44-161-394-0625 sales@databridgemarketresearch.com
Major Key Players Few of the major competitors currently working in the consumer IoT market are Qualcomm Technologies Inc., Texas Instruments Incorporated, NXP Semiconductors, Intel Corporation, STMicroelectronics, IBM Corporation, GENERAL ELECTRIC, Symantec Corporation, TE Connectivity, Schneider Electric, Cisco, Amazon.com Inc., Apple Inc., Google, LG Electronics, SAMSUNG, Sony Corporation, Microsoft, AT&T Intellectual Property, Honeywell International Inc., and Hewlett Packard Enterprise Development LP.
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