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Sensors in Internet of Things (IoT) Devices Market Size – USD 204.74 Billion in 2028, Market Growth – at a CAGR of 30.8%
VANCOUER, BC, CANADA, September 23, 2021 /EINPresswire.com/ — The global sensors in Internet of Things (IoT) devices market is expected to reach a market size of USD 204.74 Billion at a steady CAGR of 30.8% in 2028, according to latest analysis by Emergen Research. This steady revenue growth of the market can be attributed to increasing Internet and wearable medical device penetration and growing trend of smart factories and automation of various manufacturing processes. Adoption of IoT-enabled sensors and devices to enable more flexible manufacturing processes and to improve productivity has been increasing.
The GlobalSensors in Internet of Things (IoT) Devices Market Market Research Report published by Reports and Data has been formulated by analysis of key business details and extensive geographical spread of theSensors in Internet of Things (IoT) Devices Market industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of theSensors in Internet of Things (IoT) Devices Market market along with crucial statistical data about theSensors in Internet of Things (IoT) Devices Market market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
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Global Sensors in Internet of Things (IoT) Devices Market growth is driven by a variety of factors and trends, primary of which include rising focus by major companies on product/service expansion into new and untapped domestic Sensors in Internet of Things (IoT) Devices Market , rising investments in strategic agreements, and rising competition in the market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is a major trend in an increasing number of developing economies. In addition, availability of favorable government policies and steady economic growth across various regions and countries is resulting in an increasing number of players focusing on leveraging opportunities to drive visibility and increase revenue and profits.
Key Highlights of Report
In October 2020, Cisco Systems announced the launch of two new cloud-managed IoT sensor solutions, namely Meraki MT sensors and Industrial Asset Vision sensors. The IoT sensor solutions are expected to help businesses simplify facility and asset monitoring across their organizations, from outdoor Operation Technology (OT) to indoor IT closet spaces at scale.
The manufacturing segment accounted for largest market share in 2020. Manufacturers across various industries are adopting IoT solutions with increased focus on sensors, robotics, centralized tracking, cloud, and quality inspection in order to implement smart manufacturing, which is projected to boost demand for sensors for such solutions and applications.
The pressure sensors segment revenue is expected to expand at a rapid CAGR of 31.5% during the forecast period. The ability of pressure sensors to detect fluctuations or drops in pressure is driving utilization in various processes in manufacturing facilities.
The wireless segment accounted for a significantly high revenue share in the sensors in Internet of Things (IoT) devices market in 2020.
Top key vendors in Sensors in Internet of Things (IoT) Devices Market include are:
Acuity Brands, Bosch Sensortec GmbH, Cisco Systems, Ericsson, Google Inc., Honeywell International Inc., HTC Corporation, IBM, Infineon Technologies, and Intel Corporation.
To know more about the Sensors in Internet of Things (IoT) Devices Market report, visit @ https://www.emergenresearch.com/industry-report/sensors-in-internet-of-things-devices-market
Emergen Research has segmented the global sensors in Internet of Things (IoT) devices market on the basis of application, sensor type, network technology, and region:
Application Outlook (Revenue, USD Billion; 2021–2028)
Sensor Type Outlook (Revenue, USD Billion; 2021–2028)
Network Technology Outlook (Revenue, USD Billion; 2021–2028)
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
We can customize our reports for our customers, for instance, we can add or remove manufacturers, applications or product types, whatever you need in the report. Ask for it by contacting [email protected] https://www.emergenresearch.com/request-for-customization/508
The research provides answers to the following key questions:
What will be the growth rate and the market size of the Sensors in Internet of Things (IoT) Devices Market for the forecast period 2020-2027?
What are the major driving forces expected to impact the development of the Sensors in Internet of Things (IoT) Devices Market across different regions?
Who are the major driving forces expected to decide the fate of the Sensors in Internet of Things (IoT) Devices Market worldwide?
Who are the prominent market players making a mark in the Sensors in Internet of Things (IoT) Devices Market with their winning strategies?
Which Sensors in Internet of Things (IoT) Devices Market trends are likely to shape the future of the industry during the forecast period 2020-2028?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the Sensors in Internet of Things (IoT) Devices Market ?
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Sensors in Internet of Things (IoT) Devices Market Segmentation & Impact Analysis
4.1. Sensors in Internet of Things (IoT) Devices Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
220.127.116.11. Increasing adoption of smartphones in developing countries
18.104.22.168. Low cost of sensors
22.214.171.124. Increasing adoption of smart lighting in office spaces and smart buildings
4.2.3. Market restraints analysis
126.96.36.199. Increasing chances of security attacks
188.8.131.52. Lack of robust security systems
184.108.40.206. Complexity of systems
220.127.116.11. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Why Choose Emergen Research?
Strong Industry Focus
Extensive Product Offerings
Customer Research Services
Robust Research Methodology
Latest Technological Developments
Value Chain Analysis
Potential Market Opportunities
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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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September 23, 2021, 07:03 GMT
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