Consumer IoT Market Scope and Size by 2031
and other devices. Rising number of smart home appliances, are connected to the internet to collect and share data. Consumer IoT are used in applications such as security, home monitoring, automation, and control as well as networked entertainment in the home. The advancements in artificial intelligence, the rise of big data, growing number of internet users & adoption of smart devices, better networks & connectivity are the primary drivers that are boosting the growth of the consumer IoT market. Moreover, the government funding in R&D activities related to IoT and growing digital & mobile lifestyle are expected to provide significant opportunities to consumer IoT market to grow in the coming years.
The "Global Consumer IoT Market Analysis to 2031" is a specialized and in-depth study of the consumer IoT market with a focus on the global market trend. The report aims to provide an overview of the global consumer IoT market with detailed market segmentation by type, application, and geography. The global consumer IoT market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the consumer IoT 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 consumer IoT market based on the type and application. It also provides market size and forecast till 2031 for overall consumer IoT market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The 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.
Besides this, the report analyzes factors affecting 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 market in these regions. Further, the report also includes ecosystem analysis for the consumer IoT market.
Also, key consumer IoT market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, the key development in the past five years. Some of the key players influencing the consumer IoT market are Analog Devices, Inc., Cypress Semiconductor Corporation, General Electric Company, Intel Corporation, Microchip Technology Inc., NXP Semiconductors N.V., Qualcomm Incorporated, Schneider Electric, STMicroelectronics, and Texas Instruments Inc. among others. REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1. Consumer IoT Market - By Component
1.3.2. Consumer IoT Market - By Network Infrastructure
1.3.3. Consumer IoT Market - By Solution
1.3.4. Consumer IoT Market - By Application
1.3.5. Consumer IoT Market - By Region
1.3.5.1. By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CONSUMER IOT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. ECOSYSTEM ANALYSIS
4.3. PEST ANALYSIS
4.3.1. North America - PEST Analysis
4.3.2. Europe - PEST Analysis
4.3.3. Asia Pacific (APAC) - PEST Analysis
4.3.4. Middle East & Africa (MEA) - PEST Analysis
4.3.5. South America (SAM)- PEST Analysis
5. CONSUMER IOT MARKET - KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. CONSUMER IOT MARKET - GLOBAL MARKET ANALYSIS
6.1. CONSUMER IOT - GLOBAL MARKET OVERVIEW
6.2. CONSUMER IOT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE
7. CONSUMER IOT MARKET REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. PROCESSOR
7.3.1. Overview
7.3.2. Processor Market Forecast and Analysis
7.4. SENSOR
7.4.1. Overview
7.4.2. Sensor Market Forecast and Analysis
7.5. CONNECTIVITY IC
7.5.1. Overview
7.5.2. Connectivity IC Market Forecast and Analysis
7.5.2.1. Wired
7.5.2.1.1. Overview
7.5.2.1.2. Wired Market Forecast and Analysis
7.5.2.2. Wireless
7.5.2.2.1. Overview
7.5.2.2.2. Wireless Market Forecast and Analysis
7.6. MEMORY DEVICE
7.6.1. Overview
7.6.2. Memory Device Market Forecast and Analysis
7.7. LOGIC DEVICE
7.7.1. Overview
7.7.2. Logic Device Market Forecast and Analysis
8. CONSUMER IOT MARKET REVENUE AND FORECASTS TO 2028 - NETWORK INFRASTRUCTURE
8.1. OVERVIEW
8.2. NETWORK INFRASTRUCTURE MARKET FORECASTS AND ANALYSIS
8.3. SERVER
8.3.1. Overview
8.3.2. Server Market Forecast and Analysis
8.4. STORAGE
8.4.1. Overview
8.4.2. Storage Market Forecast and Analysis
8.5. ETHERNET SWITCH AND ROUTING
8.5.1. Overview
8.5.2. Ethernet Switch and Routing Market Forecast and Analysis
8.6. GATEWAY
8.6.1. Overview
8.6.2. Gateway Market Forecast and Analysis
9. CONSUMER IOT MARKET REVENUE AND FORECASTS TO 2028 - SOLUTION
9.1. OVERVIEW
9.2. SOLUTION MARKET FORECASTS AND ANALYSIS
9.3. SOFTWARE
9.3.1. Overview
9.3.2. Software Market Forecast and Analysis
9.3.2.1. Real-Time Streaming Analytics
9.3.2.1.1. Overview
9.3.2.1.2. Real-Time Streaming Analytics Market Forecast and Analysis
9.3.2.2. Security Solution
9.3.2.2.1. Overview
9.3.2.2.2. Security Solution Market Forecast and Analysis
9.3.2.3. Data Management
9.3.2.3.1. Overview
9.3.2.3.2. Data Management Market Forecast and Analysis
9.3.2.4. Remote Monitoring
9.3.2.4.1. Overview
9.3.2.4.2. Remote Monitoring Market Forecast and Analysis
9.4. SERVICE
9.4.1. Overview
9.4.2. Service Market Forecast and Analysis
9.4.2.1. Professional Services
9.4.2.1.1. Overview
9.4.2.1.2. Professional Services Market Forecast and Analysis
9.4.2.2. Managed Services
9.4.2.2.1. Overview
9.4.2.2.2. Managed Services Market Forecast and Analysis
10. CONSUMER IOT MARKET REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. WEARABLE DEVICES
10.3.1. Overview
10.3.2. Wearable Devices Market Forecast and Analysis
10.4. CONSUMER ELECTRONICS
10.4.1. Overview
10.4.2. Consumer Electronics Market Forecast and Analysis
10.5. HOME AUTOMATION
10.5.1. Overview
10.5.2. Home Automation Market Forecast and Analysis
10.6. AUTOMOTIVE
10.6.1. Overview
10.6.2. Automotive Market Forecast and Analysis
10.7. HEALTHCARE
10.7.1. Overview
10.7.2. Healthcare Market Forecast and Analysis
11. CONSUMER IOT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1. North America Consumer IoT Market Overview
11.1.2. North America Consumer IoT Market Forecasts and Analysis
11.1.3. North America Market Forecasts and Analysis - By Component
11.1.4. North America Market Forecasts and Analysis - By Network Infrastructure
11.1.5. North America Market Forecasts and Analysis - By Solution
11.1.6. North America Market Forecasts and Analysis - By Application
11.1.7. North America Market Forecasts and Analysis - By Countries
11.1.7.1. US market
11.1.7.1.1. US Market by Component
11.1.7.1.2. US Market by Network Infrastructure
11.1.7.1.3. US Market by Solution
11.1.7.1.4. US Market by Application
11.1.7.2. Canada market
11.1.7.2.1. Canada Market by Component
11.1.7.2.2. Canada Market by Network Infrastructure
11.1.7.2.3. Canada Market by Solution
11.1.7.2.4. Canada Market by Application
11.1.7.3. Mexico market
11.1.7.3.1. Mexico Market by Component
11.1.7.3.2. Mexico Market by Network Infrastructure
11.1.7.3.3. Mexico Market by Solution
11.1.7.3.4. Mexico Market by Application
11.2. EUROPE
11.2.1. Europe Consumer IoT Market Overview
11.2.2. Europe Consumer IoT Market Forecasts and Analysis
11.2.3. Europe Market Forecasts and Analysis - By Component
11.2.4. Europe Market Forecasts and Analysis - By Network Infrastructure
11.2.5. Europe Market Forecasts and Analysis - By Solution
11.2.6. Europe Market Forecasts and Analysis - By Application
11.2.7. Europe Market Forecasts and Analysis - By Countries
11.2.7.1. France market
11.2.7.1.1. France Market by Component
11.2.7.1.2. France Market by Network Infrastructure
11.2.7.1.3. France Market by Solution
11.2.7.1.4. France Market by Application
11.2.7.2. Germany market
11.2.7.2.1. Germany Market by Component
11.2.7.2.2. Germany Market by Network Infrastructure
11.2.7.2.3. Germany Market by Solution
11.2.7.2.4. Germany Market by Application
11.2.7.3. Italy market
11.2.7.3.1. Italy Market by Component
11.2.7.3.2. Italy Market by Network Infrastructure
11.2.7.3.3. Italy Market by Solution
11.2.7.3.4. Italy Market by Application
11.2.7.4. Russia market
11.2.7.4.1. Russia Market by Component
11.2.7.4.2. Russia Market by Network Infrastructure
11.2.7.4.3. Russia Market by Solution
11.2.7.4.4. Russia Market by Application
11.2.7.5. UK market
11.2.7.5.1. UK Market by Component
11.2.7.5.2. UK Market by Network Infrastructure
11.2.7.5.3. UK Market by Solution
11.2.7.5.4. UK Market by Application
11.2.7.6. Rest of Europe market
11.2.7.6.1. Rest of Europe Market by Component
11.2.7.6.2. Rest of Europe Market by Network Infrastructure
11.2.7.6.3. Rest of Europe Market by Solution
11.2.7.6.4. Rest of Europe Market by Application
11.3. ASIA PACIFIC (APAC)
11.3.1. Asia Pacific Consumer IoT Market Overview
11.3.2. Asia Pacific Consumer IoT Market Forecasts and Analysis
11.3.3. Asia Pacific Market Forecasts and Analysis - By Component
11.3.4. Asia Pacific Market Forecasts and Analysis - By Network Infrastructure
11.3.5. Asia Pacific Market Forecasts and Analysis - By Solution
11.3.6. Asia Pacific Market Forecasts and Analysis - By Application
11.3.7. Asia Pacific Market Forecasts and Analysis - By Countries
11.3.7.1. South Korea
11.3.7.1.1. South Korea Market by Component
11.3.7.1.2. South Korea Market by Network Infrastructure
11.3.7.1.3. South Korea Market by Solution
11.3.7.1.4. South Korea Market by Application
11.3.7.2. China market
11.3.7.2.1. China Market by Component
11.3.7.2.2. China Market by Network Infrastructure
11.3.7.2.3. China Market by Solution
11.3.7.2.4. China Market by Application
11.3.7.3. India market
11.3.7.3.1. India Market by Component
11.3.7.3.2. India Market by Network Infrastructure
11.3.7.3.3. India Market by Solution
11.3.7.3.4. India Market by Application
11.3.7.4. Japan market
11.3.7.4.1. Japan Market by Component
11.3.7.4.2. Japan Market by Network Infrastructure
11.3.7.4.3. Japan Market by Solution
11.3.7.4.4. Japan Market by Application
11.3.7.5. Australia market
11.3.7.5.1. Australia Market by Component
11.3.7.5.2. Australia Market by Network Infrastructure
11.3.7.5.3. Australia Market by Solution
11.3.7.5.4. Australia Market by Application
11.3.7.6. Rest of APAC market
11.3.7.6.1. Rest of APAC Market by Component
11.3.7.6.2. Rest of APAC Market by Network Infrastructure
11.3.7.6.3. Rest of APAC Market by Solution
11.3.7.6.4. Rest of APAC Market by Application
11.4. MIDDLE EAST AND AFRICA (MEA)
11.4.1. Middle East and Africa Consumer IoT Market Overview
11.4.2. Middle East and Africa Consumer IoT Market Forecasts and Analysis
11.4.3. Middle East and Africa Market Forecasts and Analysis - By Component
11.4.4. Middle East and Africa Market Forecasts and Analysis - By Network Infrastructure
11.4.5. Middle East and Africa Market Forecasts and Analysis - By Solution
11.4.6. Middle East and Africa Market Forecasts and Analysis - By Application
11.4.7. Middle East and Africa Market Forecasts and Analysis - By Countries
11.4.7.1. South Africa market
11.4.7.1.1. South Africa Market by Component
11.4.7.1.2. South Africa Market by Network Infrastructure
11.4.7.1.3. South Africa Market by Solution
11.4.7.1.4. South Africa Market by Application
11.4.7.2. Saudi Arabia market
11.4.7.2.1. Saudi Arabia Market by Component
11.4.7.2.2. Saudi Arabia Market by Network Infrastructure
11.4.7.2.3. Saudi Arabia Market by Solution
11.4.7.2.4. Saudi Arabia Market by Application
11.4.7.3. UAE market
11.4.7.3.1. UAE Market by Component
11.4.7.3.2. UAE Market by Network Infrastructure
11.4.7.3.3. UAE Market by Solution
11.4.7.3.4. UAE Market by Application
11.4.7.4. Rest of MEA market
11.4.7.4.1. Rest of MEA Market by Component
11.4.7.4.2. Rest of MEA Market by Network Infrastructure
11.4.7.4.3. Rest of MEA Market by Solution
11.4.7.4.4. Rest of MEA Market by Application
11.5. SOUTH AMERICA (SAM)
11.5.1. South America Consumer IoT Market Overview
11.5.2. South America Consumer IoT Market Forecasts and Analysis
11.5.3. South America Market Forecasts and Analysis - By Component
11.5.4. South America Market Forecasts and Analysis - By Network Infrastructure
11.5.5. South America Market Forecasts and Analysis - By Solution
11.5.6. South America Market Forecasts and Analysis - By Application
11.5.7. South America Market Forecasts and Analysis - By Countries
11.5.7.1. Brazil market
11.5.7.1.1. Brazil Market by Component
11.5.7.1.2. Brazil Market by Network Infrastructure
11.5.7.1.3. Brazil Market by Solution
11.5.7.1.4. Brazil Market by Application
11.5.7.2. Argentina market
11.5.7.2.1. Argentina Market by Component
11.5.7.2.2. Argentina Market by Network Infrastructure
11.5.7.2.3. Argentina Market by Solution
11.5.7.2.4. Argentina Market by Application
11.5.7.3. Rest of SAM market
11.5.7.3.1. Rest of SAM Market by Component
11.5.7.3.2. Rest of SAM Market by Network Infrastructure
11.5.7.3.3. Rest of SAM Market by Solution
11.5.7.3.4. Rest of SAM Market by Application
12. INDUSTRY LANDSCAPE
12.1. MERGERS & ACQUISITIONS
12.2. MARKET INITIATIVES
12.3. NEW DEVELOPMENTS
13. CONSUMER IOT MARKET, KEY COMPANY PROFILES
13.1. ANALOG DEVICES, INC.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products & Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. CYPRESS SEMICONDUCTOR CORPORATION
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products & Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. GENERAL ELECTRIC COMPANY
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products & Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. INTEL CORPORATION
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products & Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. MICROCHIP TECHNOLOGY INC.
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products & Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. NXP SEMICONDUCTORS N.V.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products & Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. QUALCOMM INCORPORATED
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products & Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. SCHNEIDER ELECTRIC
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products & Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. STMICROELECTRONICS
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products & Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. TEXAS INSTRUMENTS INC.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products & Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Analog Devices, Inc.
2. Cypress Semiconductor Corporation
3. General Electric Company
4. Intel Corporation
5. Microchip Technology Inc.
6. NXP Semiconductors N.V.
7. Qualcomm Incorporated
8. Schneider Electric
9. STMicroelectronics
10. Texas Instruments Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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