Consumer electronics provides a huge potential for the deployment of Internet of Things (IoT) and is gaining immense traction. Key factors driving the growth of the Internet of Things (IoT) in consumer electronics market includes changing lifestyle of people globally, the comfort offered by connected consumer products, and declining prices of these products coupled with increased spending capability of the population in emerging countries among others. However, privacy concern and lack of standardization are still acting as restraining factors to the Internet of Things (IoT) in consumer electronics market growth.
"Global Internet of Things (IoT) in Consumer Electronics Market Analysis to 2028"
is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the internet of things (IoT) in consumer electronics market with detailed market segmentation by product, connectivity, and geography. The report provides key statistics on the market status of the leading internet of things (IoT) in consumer electronics market players and offers key trends and opportunities in the market.
- Based on product, the global internet of things (IoT) in consumer electronics market is segmented into smart TV, smart phones, kitchen appliances, laptops, wearable devices, and others.
- On the basis of connectivity, the market is segmented into NFC, bluetooth, Wi-Fi, Zigbee, Z-Wave, and others.
- Increasing use of smartphones, tablets, and laptops is driving the growth of the internet of things (IoT) in consumer electronics market.
- Growing internet penetration rate is also boosting the growth of the market.
- Security issues related to IoT may hinder the growth of the global internet of things (IoT) in consumer electronics market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The internet of things (IoT) in consumer electronics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the internet of things (IoT) in consumer electronics market in these regions.
IMPACT OF COVID-19 ON INTERNET OF THINGS (IOT) IN CONSUMER ELECTRONICS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the internet of things (IoT) in consumer electronics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from internet of things (IoT) in consumer electronics market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the internet of things (IoT) in consumer electronics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amazon Web Services
- Apple Inc.
- ARM Holdings Plc.
- Cisco Systems
- Hewlett Packard Enterprise
- IBM Corporation
- Intel Corporation
- Qualcomm Technologies
- Texas Instruments
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.