Global Consumer IoT Market Insights, Size and Growth Forecast To 2027

Published: Mar 2020	Report ID: IACT2001	Pages: 1 - 115	Formats^*:
Category : Information & Communications Technology

Global Consumer IoT Market: Overview

The Internet of Things refers to establishing a network connection between devices that are not driven by computer technology. This connection between these devices allows remote monitoring, control, and automation, and when the consumer devices bring into the network, it is called the Consumer Internet of Things (IoT). Consumer IoT refers to the billions of personal physical devices, such as wearables, smartphones, fashion items, along with a growing number of smart home appliances that are now connected to the Internet for collecting and sharing data. Customer preferences and behaviour changes, often driven by a younger tech-savvy generation, are encouraging more consumer-oriented industries such as healthcare, retail, financial services, and real estate to adopt the Internet of Things to enable a connected future. The Internet of Things can connect to household appliances, such as refrigerators, washing machines, dryers, trash cans, coffee machines, thermostats, security cameras, etc. Smart home residents can remotely control appliances and monitor their use.

Connected devices provide unprecedented opportunities for many players in the healthcare field. Connected medical devices, such as surgical assistants and mobile robots which can help improve patient outcomes and reduce healthcare costs.

Global Consumer IoT Market: Insights

The global Consumer IoT market expected to reach USD 153.83 billion in 2027 from USD 59.59 billion in 2019, registering a CAGR of 11.60% during the forecast period (2020-2027). The rising number of internet users and the adoption of smart devices estimated to drive the global Consumer IoT market in the upcoming periods. Additionally, the growing consumer preferences towards improved lifestyle and for augmented convenience for the growth of the global consumer IoT market shortly. The rapid increase in connected products and services to the Internet is already transforming consumers’ lives through connected lifestyle appliances, energy grids, transport, home security. This technology has become part of everyday life with many products by default connected to the Internet.

Moreover, the rise in disposable incomes in developing countries and the surge in consumer’s preferences for home monitoring from remote locations would augment the global consumer IoT Market in the forthcoming periods. According to internet world stats, in 2019, Global internet users have touched 3.8Bn, which is more than half of the world’s population. The Asia Pacific region was found to be leading in terms of both the number of users and potential internet users, with 53% of users coming from this part of the world. The surge in demand for IoT devices which help consumers with new ways of transactions and shopping, as well as opportunities for businesses to learn from consumer behaviors and create better products based on user experiences and virtual assistants, estimated to fuel the global Consumer IoT market in the upcoming periods. Additionally, the development of the Internet of Things can improve the efficiency of processes such as retail inventory management, warehouse operations, and customer analysis. Even financial services and insurance companies may be affected as they can collect more data to improve services such as credit assessments, investment advisory services, and underwriting.

The SPER market research report of the Consumer IoT market includes all integrated approaches to the growth of the market, along with an accurate & elaborate analysis of the complete competitive situation of this market on a global level. Besides the current analytical & statistical account, the report cloaks the trends market drivers, challenges, potential opportunities, which affect the market. This market report discusses the present situation to predicted trends & aspects of the growth of the Consumer IoT market. Furthermore, it gives a dynamic overview & insights related to the market at both global as well as regional scales.

Global Consumer IoT Market: Node Component Insight

Based on the node component, the global Consumer IoT market classified into Processor, Sensor, Connectivity IC, Wireless, Memory Device, and Logic Device. The Wireless segment accounted for a significant market share in 2019. It would continue by 2027, owing to the growing demand for Bluetooth based home devices. The wireless segment includes Wireless Fidelity (Wi-Fi), Near Field Communication (NFC), Cellular Network, Global Positioning System (GPS), etc.

Global Consumer IoT Market: Network Infrastructure Insights

Based on network infrastructure, the global Consumer IoT market categorized into Server, Storage, Ethernet Switch and Routing, and Gateway. The Server is likely to lead the market by 2027 based on application to monitor physical or environmental conditions such as sound, temperature, and pressure and notify the user for the occurred changes. This sensor includes Tower Server, Rack Server, Blade Server, and Density-Optimized Server.

Global Consumer IoT Market: Solution Insights

Based on the solution, the global Consumer IoT market bifurcated into Software and Platform. The Platform segment anticipated to dominate the market by 2027 due to the growing demand for the platform based IoT as they provide security-related features such as device security and authentication, data collection, visualization, and simple analysis capabilities, etc.

Global Consumer IoT Market: Service Insights

Based on the service, the global Consumer IoT market bifurcated Professional Services and Managed Services. The Professional Services segment anticipated generating maximum revenue by 2027, due to professional services helps in deployment and integration service, support & maintenance, and consulting services.

Global Consumer IoT Market: End-use Insights

Based on the end-use, the global Consumer IoT market segregated into Wearable Devices, Consumer Electronics, Healthcare, Home Automation, and Others. The Home Automation segment estimated to lead the market by 2027, owing to the growing demand for IoT devices among customers for better and convenient lifestyles and augmented internet penetration in smart devices.

Global Consumer IoT Market: Regional Insight

By geography, the global Consumer IoT market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America dominates the market due to the growing demand for smart devices from consumer electronics, wearable, and home automation applications and the surge in adoption of smart connected devices and rapid digitalization across various consumer end-use applications.

The report presents a detailed assessment of the various factors influencing the market's trajectory into 2020 and 2027. It covers all the crucial information of the leading companies operating in the global Consumer IoT market. Besides highlighting the product offerings, the report also calculates revenue generated over the period and their position in the market.

REPORT HIGHLIGHTS

Overview of key market forces restraining and propelling market growth.
Provide demand, current & past status & also the forecasting up to 2027.
Provide complete overview including, Node component, network infrastructure, software, solution and end-use & forecast region.
Provide focused analysis of key manufacturers with their production volume, market share & also help to identify market competition landscape with SWOT analysis.
Historical, current, and projected market size in terms of value.
Analyse the global & regional potential market, advantages, risk & opportunity.
Identify significant factors and trends driving or inhibiting the market growth.
In-depth coverage of the complete market in terms of supplier, buyer, price, trend, growth & forecasting.

THE REPORT COVERS ANALYSIS OF CONSUMER IOT MARKET, BY NODE COMPONENT

Processor
Sensor
Connectivity IC
Memory Device
Logic Device

THE REPORT COVERS ANALYSIS OF CONSUMER IOT MARKET, BY NETWORK INFRASTRUCTURE

Server
Storage
Ethernet Switch and Routing
Gateway

THE REPORT COVERS ANALYSIS OF CONSUMER IOT MARKET, BY SOLUTIONS

Software
Platform

THE REPORT COVERS ANALYSIS OF CONSUMER IOT MARKET, BY SERVICE

Professional Services
Managed Services

THE REPORT COVERS ANALYSIS OF CONSUMER IOT MARKET, BY END-USE

Wearable Devices
Consumer Electronics
Healthcare
Home Automation
Others

THE REPORT COVERS EXHAUSTIVE ANALYSIS ON

Market Segments
Market Dynamics
Brands in Market
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved
Forecasting
Technology

THE REPORT INCLUDES REGIONAL ANALYSIS ON

North America (Canada, US, Mexico, & Rest of North America Available)
Asia-Pacific (China, India, South Korea, Japan & Rest of Asia Pacific Available)
Europe (Germany, Spain, France, United Kingdom & Rest of Europe Available)
Central & South America (Brazil, Argentina & Rest of South America Available)
Middle East & Africa (GCC Countries, South Africa, & Rest of MEA available)

KEY PLAYERS OF CONSUMER IOT MARKET

Qualcomm Incorporated
Texas Instruments Incorporated
NXP Semiconductors N.V.
Intel Corporation
STMicroelectronics N.V.
International Business Machines Corporation
General Electric
Symantec Corporation
TE Connectivity Ltd.
Schneider Electric SE
Cisco Systems, Inc.
Other Prominent Players

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Market Dynamics

4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges

4.3. COVID-19 Impact of the Consumer IoT Market
4.4. Market Trends

5. Global Consumer IoT Market, By Node Component, 2021-2027 (USD Million)

5.1. Processor
5.2. Sensor
5.3. Connectivity IC
5.4. Memory Device
5.5. Logic Device

6. Global Consumer IoT Market, By Network Infrastructure, 2021-2027 (USD Million)

6.1. Server
6.2. Storage
6.3. Ethernet Switch & Routing
6.4. Gateway

7. Global Consumer IoT Market, By Solution, 2021-2027 (USD Million)

7.1. Software
7.2. Platform

8. Global Consumer IoT Market, By Service, 2021-2027 (USD Million)

8.1. Professional Service
8.2. Managed Service

9. Global Consumer IoT Market, By End Use, 2021-2027 (USD Million)

9.1. Wearable Devices
9.2. Consumer Electronics
9.3. Healthcare
9.4. Home Automation
9.5. Others

10. Global Consumer IoT Market, By Geography, 2021-2027 (USD Million)

10.1. North America

10.1.1. US
10.1.2. Canada

10.2. Europe

10.2.1. Germany
10.2.2. UK
10.2.3. France
10.2.4. Italy
10.2.5. Spain
10.2.6. Rest of Europe

10.3. Asia-Pacific

10.3.1. China
10.3.2. Japan
10.3.3. India
10.3.4. Rest of Asia-Pacific

10.4. Rest of the World

10.4.1. Latin America
10.4.2. Middle East & Africa

11. Competitive Landscape

11.1. Introduction
11.2. Market Share Analysis, By Key Players (2019)
11.3. Competitive Scenario

11.3.1. Product Launches
11.3.2. Partnerships, Collaborations and Agreements
11.3.3. Acquisitions
11.3.4. Expansions
11.3.5. Other Developments

12. Company Profiles

12.1. Alphabet Inc.
12.2. Amazon.com, Inc.
12.3. Apple Inc.
12.4. AT&T Inc.
12.5. Cisco Systems, Inc.
12.6. General Electric
12.7. Hewlett Packard Enterprise Company
12.8. Honeywell International Inc.
12.9. Intel Corporation
12.10. International Business Machines Corporation
12.11. LG Electronics Inc.
12.12. Microsoft Corporation
12.13. NXP Semiconductors N.V.
12.14. Qualcomm Incorporated
12.15. Samsung Electronics Co., Ltd.
12.16. Schneider Electric SE
12.17. Sony Corporation
12.18. STMicroelectronics N.V.
12.19. Symantec Corporation
12.20. TE Connectivity Ltd.
12.21. Texas Instruments Incorporated

13. Appendix

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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