SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

The global IoT sensors market accounted for US$ 9.46 Bn in 2018 and is expected to grow at a CAGR of 23.9% over the forecast period 2019-2027, to account for US$ 65.79 Bn in 2027
[March 11, 2019]

The global IoT sensors market accounted for US$ 9.46 Bn in 2018 and is expected to grow at a CAGR of 23.9% over the forecast period 2019-2027, to account for US$ 65.79 Bn in 2027


LONDON, March 11, 2019 /PRNewswire/ -- The global IoT sensors market accounted for US$ 9.46 Bn in 2018 and is expected to grow at a CAGR of 23.9% over the forecast period 2019-2027, to account for US$ 65.79 Bn in 2027. Factors including proliferation of IoT and connected devices and growth in the consumer electronics industry are significantly driving the global IoT sensors market. However, growing security concerns is impeding the IoT sensors market growth. Widening government support for the adoption of IoT is opportunistic for the growth of the IoT sensors market.

Download the full report: https://www.reportbuyer.com/product/5751936

The IoT sensors market is fragmented with the presence of several industries and the competitive dynamics in the market, which is expected to change during the upcoming years.The advent of IoT has enabled each device to be connected over the internet and the rising adoptions globally would result in more than billions of devices connected over the internet.

Also, validating to the above mentioned point is the fact that the data traffic rate on a global level, has grown at an annual rate of more than 65% over the last five years.Also, between 2018 and 2023, the data traffic is anticipated to grow at a compound annual growth rate of close to 40 percent.

This exponential growth in data traffic over the internet is out rightly attributed to the growing penetration of smartphones and other consumer electronic devices that can be connected over the internet as a result of the growing popularity of IoT.

Furthermore, apart from the individuals, businesses across almost all the industry verticals have realized the importance of IoT, communications, and sensors, and have therefore, paved way for integration of sensors into the devices. The growth of the IoT sensors market in the various end-user industry verticals is therefor anticipated to rise at a rapid rate in the coming years with IoT gaining more prominence in the coming years.



The overall IoT sensors market size has been derived using both primary and secondary source.The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the IoT sensors market.

It also provides the overview and forecast for the global IoT sensors market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis.


The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the IoT sensors industry. Some of the players present in IoT sensors market are Analog Devices, Inc., ARM Holdings PLC, Broadcom, Inc., Honeywell International, Inc., Infineon Technologies AG, NXP Semiconductors N.V., Omron Corporation, Robert Bosch Gmbh, STMicroelectronics N.V., and Texas Instruments Incorporated among others.

Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global IoT sensors market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the global IoT sensors market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Download the full report: https://www.reportbuyer.com/product/5751936

About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: sarah@reportbuyer.com
Tel: +1 (718) 213 4904
Website: www.reportbuyer.com

Cision View original content:http://www.prnewswire.com/news-releases/the-global-iot-sensors-market-accounted-for-us-9-46-bn-in-2018-and-is-expected-to-grow-at-a-cagr-of-23-9-over-the-forecast-period-2019-2027--to-account-for-us-65-79-bn-in-2027--300810036.html

SOURCE ReportBuyer


[ Back To TMCnet.com's Homepage ]









Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2019 Technology Marketing Corporation. All rights reserved | Privacy Policy