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IoT-enabled Devices Market is Driven By The Development of Wireless Networking Technologies
[January 08, 2019]

IoT-enabled Devices Market is Driven By The Development of Wireless Networking Technologies


Internet of Things (IOT) interconnects devices, objects, and systems, which allows sharing of information, and coordination of operations between disparate systems and devices. Presently, IoT is a billion-dollar industry, which is growing continuously. IoT-enabled devices help organizations to increase operational efficiency and optimize business outcomes. IoT-enabled devices such as smart home devices are increasingly being used due to their highly intuitive and innovative features. These improve home automation efforts, home security, and safety. Devices such as sensors, wearable devices, medical equipment, health monitors, and other medical devices are being connected with IoT.



Browse The Report: https://www.transparencymarketresearch.com/iot-enabled-devices-market.html The IoT-enabled devices market is driven by the development of wireless networking technologies and increase in Internet connectivity such as low-power, wide-area (LPWA) network solutions that provide advantages such as cheap, mobile, low-power, and long-range connectivity, for low bandwidth (low bit rate) applications. Growing importance of automation, big data analytics, and the role of data as a key business asset allowing users to take information-based decisions also drives the global IoT-enabled devices market.

Additionally, factors such as increase in adoption of cloud platforms, which provide advantages such as reduced overall costs, better collaboration between developers, storage and access of data remotely, propels the IoT-enabled devices market. The IoT-enabled devices market faces limitations such as the lack of security in development process, privacy concerns over data gathered by the devices, the lack of an open-source interoperable standard that all IoT products and services follow leading to technology fragmentation, the complex requirements of acquiring, aggregating, analyzing, and using large amounts of data generated by IoT-enabled devices, and geopolitical uncertainties.


Get PDF Sample for this Research Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=56370 Based on customer type, the IoT-enabled devices market can be bifurcated into consumer IoT and industrial IoT. The consumer IoT segment can be divided into home, lifestyle, health, and mobility. The home sub-segment can be further divided into home automation, home improvement, and energy efficiency. The lifestyle sub-segment type can be categorized into wearables, entertainment, and music systems, drones, and robotic pets. The health segment can be segregated into fitness tracking, monitoring devices, and diagnosis devices. The mobility segment can be categorized into smart cars and eBikes.

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