[February 23, 2018] |
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Global Smart Bottle Market - Surge in IoT to Propel Growth | Technavio
Technavio
market research analysts forecast the global
smart bottle market to grow at a CAGR of close to 15%
during the period 2018-2022, according to their latest report.
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http://www.businesswire.com/news/home/20180223005715/en/
Technavio has published a new market research report on the global smart bottle market from 2018-2022. (Graphic: Business Wire)
This market research report segments the global smart bottle market into
the following applications (smart water bottle, smart pharmaceutical
bottle, smart alcoholic beverage bottle, and smart baby feeding bottle)
and key regions (the Americas, APAC, and EMEA).
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In this report, Technavio analysts highlight the surge in IoT as a key
factor contributing to the growth of the global smart bottle market:
Surge in IoT
Smart products are created by connecting several existing products such
as mobile phones, watches, bottles, and refrigerators to web construct
channels for which digital services are personalized through IoT
technologies that enable one-to-one communication. This system also
links the creator of product and the consumer to obtain real-time
information about the usage. Various sectors such as manufacturing,
healthcare, and retail spaces have inexpensive sensors and embedded
software running across internet protocol (IP) networks that enable the
products to regulate, sense, monitor, and optimize themselves in
increasingly autonomous and meaningful ways.
In smart water bottles, the amount of water is automatically recorded
using the weight sensor installed inside the bottle. Based on IoT
technology, smart
bottles interact with devices that have the application
installed, which allows sharing of the usage information. The newly
connected gadgets that are controlled by mobile apps and feed personal
data into the cloud are driving a wave of IoT.
According to a senior analyst at Technavio for packaging,
"Big data and healthcare IoT are expanding, and they are expected to
account for more than USD 115 billion by 2020. IoT is revolutionizing
emergency medical systems, thereby allowing improved patient care on
site and during transit. For instance, smart pill bottles keep track and
send real-time messages to patients about the dosage of their medicines."
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Global smart bottle market segmentation
The smart water bottle segment dominated the global
smart bottle market with a share of more than 54% in 2017. It
was followed by the smart pharmaceutical bottle segment, smart alcoholic
beverage bottle segment, and smart baby feeding bottle segment
respectively.
In terms of geography, the global smart bottle market was dominated by
the Americas with around 55% market share in 2017, followed by EMEA and
APAC respectively. The smart bottle market in the Americas was dominated
by the US, as many smart bottle vendors are present in this region.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20180223005715/en/
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