This market research report includes a detailed segmentation of the global connected devices market by product (smartphones, tablets, PCs, smart STB, smart TVs, gaming consoles, smartwatch, smart band, smart glasses, smart clothing, wireless printers, smart meters, smart cameras, connected bulbs, smart locks, smart thermostats, and smart home appliances). It also outlines the market shares for key regions such as the Americas, APAC, and EMEA. The top vendors analyzed in this report are Samsung, Apple, Lenovo, LG, Honeywell, and Microsoft.
Technavio’s market research analysts estimate the global connected devices market, to grow at a CAGR of over 5% between 2016 and 2020. The high-energy efficiency of products like smart TVs, smart home appliances, smart thermostats, and connected bulbs is propelling the demand for connected devices. APAC is the largest market for connected devices such as smart thermostats and smart home appliances, owing to the increasing construction of smart homes in nations like Japan, China, and South Korea.
The new market research report from Technavio provides a breakdown and analysis of the connected devices segments by technology.
“OpenWireless.org is a cyber activist group that seeks to increase internet access by encouraging people and organizations to share their unused data by installing software that will transform their wireless router into a wireless access point. The adoption of this initiative is expected to reduce connectivity-related issues across the globe and will result in the increased adoption of connected devices during the predicted period,” says Sunil Singh, Hardware & Semiconductor, Technavio Research
In this market study, analysts have estimated the smart locks segment to exhibit the highest market growth rate during the forecast period. Smart locks allow users to control access by using a phone, wireless key fob, or even remotely over the internet. They are also the key components in smart homes, which are growing in number across the globe. The ability of these devices to allow users to control access using their smartphones in an easy and cost-efficient manner will result in this market segment’s impressive growth rate of more than 91% until 2020.
The key vendors in the global connected devices market are Samsung, Apple, Lenovo, LG, Honeywell, and Microsoft. This market is highly fragmented due to the presence of numerous small and large vendors. The providers in this market compete on the basis of product price, quality, innovation, service, reputation, distribution, and promotion to gain maximum market shares during the estimated period.
A more detailed analysis is available in the Technavio report, Global Connected Devices Market 2016-2020.
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