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Smart Connected Devices Market 2018 Analysis, Growth, Trends, Opportunities and Forecast To 2023

Author: Akash Sangshetti
by Akash Sangshetti
Posted: May 29, 2018
smart connected

Market Scenario:

The smart connected devices market is not just growing; it is accelerating. Smart connected devices are embedded with sensors and possess connectivity features, which allow exchange of data. Major factors driving the growth of smart connected devices market include the growing demand for smartphones, tablets, and other smart devices and growing popularity of bringing your own device. Increasing demand for mobile smart connected devices is expected to drive the growth of the global smart connected devices market.

Sony Corporation, Samsung Electronics Co. Ltd., Motorola Solutions Inc., Nokia Networks, LG Corporation, Hewlett-Packard, HTC Corporation, Apple Inc., and Dell Inc. are the few major investors in the global Smart Connected Devices Market. Increasing adoption of smart connected devices, such as smart locks, smart thermostats, smart doors, and other smart home appliances is majorly responsible for driving the growth of smart connected devices market. Technological advancements in the field of smart devices and growing popularity of Internet of Things is fuelling the market growth. This is owing to the increase in demand for smart and connected devices across various industry verticals.

The product segment comprises smartphones, media players, tablets, smart watch, smart band, smart glasses, smart clothing, wireless printers, smart meters, smart cameras, connected bulbs, smart locks, smart thermostats, and smart home appliances. However, smart locks sub-segment is expected to grow at the highest rate during the forecast period due to the increase in demand for improved and connected security by end-users.

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The North America region holds the largest share of the global market, followed by Europe and Asia Pacific. The U.S. and Canada are dominating the North America market due to rising technological enhancements and growing adoption of smart connected devices. Moreover, the region has a well-established infrastructure, which allows faster implementation of advanced technologies. Additionally, the growing adoption of smart connected devices across different industry verticals is another major factor driving the growth of the smart connected devices market in the region.

Key Players

Some of the prominent players in the global smart connected devices market are Sony Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Motorola Solutions Inc. (U.S.), Nokia Networks (Finland), LG Corporation (South Korea), Hewlett-Packard (U.S.), HTC Corporation (Taiwan), Apple Inc. (U.S.), Dell Inc. (U.S.), Gionee Communication Equipment Co. Ltd (China), Micromax Informatics (India), Videocon Industries Ltd. (India), Acer Inc. (Taiwan), Lenovo Group Ltd. (Hong Kong), Blackberry Ltd. (Canada), and ZTE Corporation (China), among others.

Segments

The global smart connected devices market is segmented by product and end-user. Based on the product, the market is segmented into smartphones, media players, tablets, smart watch, smart band, smart glasses, smart clothing, wireless printers, smart meters, smart cameras, connected bulbs, smart locks, smart thermostats, and smart home appliances. Based on end-user, the market is segmented into industrial, commercial, and residential.

Regional Analysis

The global smart connected devices market is studied in Asia Pacific, North America, Europe, and Rest of the World. North America is estimated to account for the largest share of the market, whereas Asia Pacific is projected to grow at the fastest rate during the forecast period. The growth of the market in North America is attributed to technological advancements and increased adoption of smart connected devices across various industry verticals.

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Intended Audience

  • Technology Investors
  • Research/Consultancy Firms
  • Government Bodies
  • Consulting Service Providers
  • Technology Providers
  • System Integrators
  • Software Vendors
  • Web Content Developers
  • Service Providers
  • Cloud Platform Providers
  • Mobile Application Developers
  • Communication Service Providers (CSPs)

TABLE OF CONTENTS

LIST OF TABLES

Table 1 Global Smart Connected Devices Market: By Region, 2017-2023

Table 2 North America Smart Connected Devices Market: By Country, 2017-2023

Table 3 Europe Smart Connected Devices Market: By Country, 2017-2023

Table 4 Asia-Pacific Smart Connected Devices Market: By Country, 2017-2023

Table 5 Middle East & Africa Smart Connected Devices Market: By Country, 2017-2023

Table 6 Latin America Smart Connected Devices Market: By Country, 2017-2023

Table 7 Global Smart Connected Devices By Product Market: By Regions, 2017-2023

Table 8 North America Smart Connected Devices By Product Market: By Country, 2017-2023

Table 9 Europe Smart Connected Devices By Product Market: By Country, 2017-2023

Table10 Asia-Pacific Smart Connected Devices By Product Market: By Country, 2017-2023

Table11 Middle East & Africa Smart Connected Devices By Product Market: By Country, 2017-2023

Table12 Latin America Smart Connected Devices By Product Market: By Country, 2017-2023

Table13 Global Smart Connected Devices By End User Market: By Regions, 2017-2023

Table14 North America Smart Connected Devices By End User Market: By Country, 2017-2023

Table15 Europe Smart Connected Devices By End User Market: By Country, 2017-2023

Table16 Asia-Pacific Smart Connected Devices By End User Market: By Country, 2017-2023

Table17 Middle East & Africa Smart Connected Devices By End User Market: By Country, 2017-2023

Table18 Latin America Smart Connected Devices By End User Market: By Country, 2017-2023

Continued…

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Ma

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Author: Akash Sangshetti

Akash Sangshetti

Member since: Dec 15, 2017
Published articles: 918

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