New research says that out of all the IoT application verticals, the Internet of Things (IoT) was already revolutionising the consumer applications segment.
A press release issued by RnRMarketResearch.com said the research reports on IoT Technology and Application Market by Communication Technology (ZigBee, Z-Wave, Bluetooth, Wi-Fi, NFC, RFID), Application Vertical (Building Automation, Consumer, Wearable Electronics, Industrial, Automotive & Transportation, Agriculture) & Geography – Global Trends & Forecasts to 2014 – 2020, provide industry analysis and forecasts to 2019 and 2020 for IoT, M2M communication, IoT technology and applications as well as Internet of Nano Things markets.
These reports forecast the IoT and M2M markets to be worth US $498.92 billion by 2019. The value of the IoT market was expected to reach US $1423.09 billion by 2020, at an estimated CAGR of 4.08 per cent from 2014 to 2020, whereas the Internet of Nano Things (IoNT) market was forecast to be worth US $9.69 billion by 2020.
The report said various other IoT applications were also evolving and would drive opportunities for many industry players across the vast IoT ecosystem. A major portion of the IoT market revenue was expected to come from the consumer segment, which currently accounted for more than 80 per cent of the total revenue products such as smartphones, laptops, and Tablets. Apart from these application segments, the reports also covered various wired and wireless technologies such as ZigBee, EnOcean, Z-Wave, Bluetooth, Wi-Fi, and standard protocols such as KNX, DALI, and NEMA.
The analysis attempts to give an overview of some of the factors which play a crucial role in determining the attractiveness of the vast IoT market. It also includes a predictive analysis of mainstream adoption of a few technological trends and IoT-relevant markets over a given period of time. This technology adoption timeline includes: wearable technology, IPV6, connected car, cloud computing, gesture recognition, augmented reality, big data, smart HVAC, smart lighting, and precision farming.
The report also profiles all the major companies involved in the field of IoT such as ARM Ltd. (U.K.), Texas Instruments (U.S.), Nest Labs (U.S.), Rockwell Automation (U.S.), Axeda Corporation (U.S.), Cisco Systems Inc. (U.S.), Dassault Systemes (France), Ecobee Inc. (Canada), Intel (U.S.), Fujitsu Ltd. (Japan), and GainSpan Corporation (U.S.).
You can find more on this research report here.
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