- Key customer segments include Industrial Product Manufacturers and Consumer Product Manufacturers
TechNavio, the independent London-based global research firm, today announced that Zig Bee-enabled Devices Market will be growing at a CAGR of 67.64 percent. The analysis is for the forecast period 2014-2018.
As per research analysis, Zig Bee-enabled Devices Market will be growing due to the energy-efficient design of these products, which can be can be paired with multiple devices and are affordable.
Traditionally, industrial and commercial applications were using Zig Bee technology. Currently, however, there has been a substantial development of this technology in new markets. It is especially witnessing an increased use in Consumer sectors such as consumer electronics and home automation.
Zig Bee technology is witnessing exponential growth across the globe. Hence, vendors in this market are increasingly focusing on developing innovative products by increasing their spending in R&D. Vendors are also increasingly differentiating their product offerings and expanding their product portfolio to gain more market share. Some of the key players operating in this market include players like Atmel, Digi International, Freescale Semiconductor, NXP Semiconductors, Renesas Electronics, Silicon Laboratories, STMicroelectronics, Texas Instruments.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentation, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Zig Bee Enabled Devices Market 2014-2018, please send an e-mail to media@TechNavio.com
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Zig Bee Enabled Devices Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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