$100+ Billion Consumer IoT Market by Offerings, End-Use Application, and Geography - Global Forecast to 2023 - ResearchAndMarkets.com

The "Consumer IoT Market by Offerings (Node Components, Network Infrastructure, Solutions, snd Services), End-Use Application (Wearable Devices, Consumer Electronics, Healthcare, Home Automation, Automotive), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The consumer IoT market is estimated to be USD 46.8 billion by 2018 and is projected to reach USD 104.4 billion by 2023, at a CAGR of 17.39%.

The growth of the consumer IoT market can be attributed to the growing number of internet users and adoption of smart devices, increasing awareness about fitness and rise in disposable incomes in developing economies, consumer preference for increased convenience and better lifestyle, increasing significance of home monitoring from remote locations, and government regulations for security of IoT devices. The breach in data security and data privacy is the major restraint for the market.

Market Dynamics

Drivers

• Growing Number of Internet Users and Adoption of Smart Devices
• Increasing Awareness About Fitness and Rise in Disposable Incomes in Developing Economies
• Consumer Preference for Increased Convenience and Better Lifestyle
• Increasing Significance of Home Monitoring From Remote Locations
• Government Regulations for Security of IoT Devices

Restraints

• Breach in Data Security and Data Privacy

Opportunities

• Government Funding in Research and Development Related to IoT
• Favorable Government Regulations to Promote Green Buildings

Challenges

• Lack of Common Protocols and Communication Standards
• High Power Consumption By Connected Devices
• Risks of Device Malfunctioning

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Consumer IoT Node Component Market

7 Consumer IoT Network Infrastructure Market

8 Consumer IoT Solution Market

9 Consumer IoT Service Market

10 Consumer IoT Market, By End-Use Application

11 Geographic Analysis

12 Competitive Landscape

13 Company Profiles

• AT&T
• Alphabet
• Amazon
• Apple
• Cisco Systems
• General Electric
• Hewlett Packard Enterprise (HPE)
• Honeywell
• Intel
• International Business Machines (IBM)
• LG Electronics
• Microsoft
• NXP Semiconductors
• Qualcomm
• Samsung Electronics
• Schneider Electric
• Sony
• Stmicroelectronics
• Symantec
• TE Connectivity
• Texas Instruments

For more information about this report visit https://www.researchandmarkets.com/research/2q5hf6/100_billion?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20190124005300/en/