The global consumer Internet of Things (IoT) market size is expected to reach USD 334.78 Billion in 2032 and register a revenue CAGR of 13.9% during the forecast period, according to the latest analysis by Emergen Research. Increasing adoption of smart devices and growing number of internet users is a major factor driving the market revenue growth. When using the Internet of Things for customer care, organizations can use the collected data to do advanced analytics. Software processes and analyses data generated from IoT devices in the cloud to better understand customer trends and expectations. IoT also improved the notion of client digital verification by enabling applications such as biometric sensors, hence driving revenue growth of the market.

Growing advancements in IoT technology are another factor contributing to the market revenue growth. For instance, on 14 March 2023, Viakoo, the market leader in IoT/OT vulnerability remediation, announced a collaboration with Presidio, a worldwide digital services and solutions provider, to provide comprehensive physical security, Internet of Things (IoT), and Operational Technology (OT) cybersecurity solutions to joint customers. The collaboration assists organizations in achieving convergence in the way physical security and cybersecurity teams function in order to decrease risk and stop threats such as ransomware, data exfiltration, and advanced persistent threats.

According to industry analysts, the global market growth is underpinned by a significant rise in demand for products and services offered by this industry vertical. The report comprises a decisive summary of the Consumer Internet of Things (IoT) market valuation, revenue estimation, and key market statistics. Such features of the report are expected to help businesses and stakeholders associated with this industry gain a competitive edge over their rivals.  The report also draws attention to the intense competitive spectrum of the Consumer Internet of Things (IoT) industry and the effective business expansion strategies adopted by these industry players.

 

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 The leading market contenders listed in the report are:

Cisco Systems, Inc., Honeywell International Inc., Infineon Technologies AG, Intel Corporation, IBM, Microsoft, NXP Semiconductors, Siemens, STMicroelectronics, TTI Electronics Asia Pte. Ltd

Key reasons to buy the Global Consumer Internet of Things (IoT) Market report:

  1. The latest report comprehensively studies the global Consumer Internet of Things (IoT) market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
  2. The report offers an insightful analysis of the regional outlook of the market.
  3. It offers a detailed account of the end-use applications of the products services offered by this industry.
  4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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 Market Segmentations of the Consumer Internet of Things (IoT) Market

  • Offering Outlook (Revenue, USD Billion; 2019–2032)

    • Hardware
      • Processor
        1. Microcontroller (MUC)
        2. Microprocessor (MPU)
        3. Digital Signal Processor (DSP)
        4. Application Processor (AP)
      • Network Infrastructure
        1. Server
        2. Storage
        3. Others
      • Sensors
        1. Temperature
        2. Pressure
        3. ECG
        4. Accelerometers
        5. Inertial Measurement Unit
        6. Humidity
        7. Light
        8. Camera Modules
        9. Others
    • Software
      • Data Management
      • Security
      • Real-time Streaming Management
      • Remote Monitoring
      • Network Management
      • Others
    • Services
      • Professional Services
        1. Consulting Services
        2. Implementation Services
        3. Support & Maintenance
      • Managed Service

  • Connectivity Outlook (Revenue, USD Billion; 2019–2032)

  • End-Use Outlook (Revenue, USD Billion; 2019–2032)

    • Home Automation
    • Consumer Electronics
      1. Lighting
      2. Washing Machine
      3. Dishwasher
      4. TV
      5. Others
    • Automotive
      1. Connected Cars
      2. In-car Infotainment
      3. Traffic Management
    • Healthcare
      1. Blood Pressure Monitor
      2. Fitness & Heartrate Monitor
      3. Pulse Oximeter
      4. Blood Glucose Meter
      5. Others
    • Others

 

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 Regional Outlook of the Consumer Internet of Things (IoT) Market

The global Consumer Internet of Things (IoT) market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Consumer Internet of Things (IoT) market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.

Key reasons to buy the Global Consumer Internet of Things (IoT) Market report:

  1. The latest report comprehensively studies the global Consumer Internet of Things (IoT) market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
  2. The report offers an insightful analysis of the regional outlook of the market.
  3. It offers a detailed account of the end-use applications of the products services offered by this industry.
  4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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