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The global Consumer IoT market was valued at US$ 65660 million in 2022 and is projected to reach US$ 165850 million by 2029, at a CAGR of 14.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The Internet of things (IoT) is the extension of Internet connectivity into physical devices and everyday objects.
This report aims to provide a comprehensive presentation of the global market for Consumer IoT, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Consumer IoT. This report contains market size and forecasts of Consumer IoT in global, including the following market information:
In the consumer Internet of Things market, as the number of connected devices increases, the amount of data continues to increase. These huge amounts of data are driving the development of the data management software market. By implementing IoT data management software, the company's goal is to gain competitive advantage through predictive analytics and optimize its business operations. In addition, a large number of interconnected devices control physical infrastructure and add connectivity, making these devices and their networks more vulnerable to cyber attacks, leading to a surge in demand for highly complex security solutions in the IoT market.
We surveyed the Consumer IoT companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Consumer IoT Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global Consumer IoT Market Segment Percentages, by Type, 2022 (%)
Global Consumer IoT Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Consumer IoT Market Segment Percentages, by Application, 2022 (%)
Global Consumer IoT Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Consumer IoT Market Segment Percentages, By Region and Country, 2022 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Consumer IoT revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Consumer IoT revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters: