
Global Consumer IoT Market Report and Forecast 2024-2032
Description
Global Consumer IoT Market Report and Forecast 2024-2032
Global Consumer IoT Market Report and Forecast 2024-2032
Market outlook
According to the report by Expert Market Research (EMR), the consumer IoT market size reached a value of USD 252 billion in 2023. Aided by the increasing adoption of smart devices and the growing applications of IoT technology in various sectors, the market is projected to further grow at a CAGR of 11.3% between 2024 and 2032 to reach a value of USD 660.97 billion by 2032.
Consumer IoT (Internet of Things) refers to the network of interconnected devices and appliances used by individuals in their daily lives, enabling seamless communication and interaction. These devices include smartphones, wearables, smart home devices, and connected cars, which use sensors, software, and other technologies to collect and exchange data. The increasing penetration of IoT technology in consumer electronics and the growing trend of smart homes and connected lifestyles are driving the consumer IoT market growth.
The increasing adoption of smart devices is driving the market growth. With the rapid advancement of technology and the growing availability of affordable smart devices, there has been a significant rise in the number of connected devices used by consumers. Smart devices, such as smartphones, smartwatches, and smart speakers, have become integral parts of modern lifestyles, offering convenience and enhanced user experiences. Additionally, the rising trend of smart homes, equipped with IoT-enabled devices, such as smart thermostats, smart lighting, and smart security systems, is further propelling the demand for consumer IoT solutions.
The expanding applications of IoT technology in various sectors also play a significant role in propelling the market. In the healthcare sector, consumer IoT devices, such as wearable fitness trackers and smart health monitors, enable individuals to monitor their health and fitness levels in real time. In the automotive sector, connected cars with IoT capabilities offer enhanced safety, navigation, and entertainment features. The growing demand for IoT solutions across these sectors is boosting the market growth.
Moreover, advancements in IoT technology are driving innovation and development in the market. The introduction of new IoT devices with advanced features, such as artificial intelligence (AI), machine learning (ML), and augmented reality (AR), has enhanced the functionality and performance of consumer IoT solutions. These advancements enable the development of innovative IoT products with improved connectivity, data analytics, and user experiences. The growing adoption of advanced IoT technologies is consequently driving up the consumer IoT market share.
The growing focus on data security and privacy is also contributing to the market growth. With the increasing number of connected devices and the vast amount of data generated by IoT devices, there is a significant need for robust data security and privacy measures. IoT solution providers are developing advanced security technologies to protect user data and ensure secure communication between devices. The rising demand for secure and reliable IoT solutions is driving the adoption of consumer IoT devices.
As per the consumer IoT market analysis, the regulatory environment plays a crucial role in shaping the consumer IoT market. Governments and regulatory bodies across the world are actively supporting the development and deployment of IoT technologies. Various regulations and standards, such as the General Data Protection Regulation (GDPR) in Europe and the IoT Cybersecurity Improvement Act in the United States, are promoting the use of secure and compliant IoT devices. These regulatory efforts are providing a favorable environment for the growth of the consumer IoT market.
Market Segmentation
The market can be divided based on offering, connectivity, application, and region
Market Breakup by Offering
- Hardware
- Processor
- Network infrastructure
- Sensors
- Others
- Software
- Services
- Wired
- Wireless
- Bluetooth
- Wi-Fi
- NFC
- Others
- Automotive
- Consumer Electronics
- Healthcare
- Home Automation
- Others
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global consumer IoT market. some of the major players explored in the report by expert market research are as follows:
- IBM Corporation
- Amazon Web Services, Inc.
- Intel Corporation
- Hewlett Packard Enterprise Development LP
- Microsoft Corporation
- Schneider Electric SE
- TE Connectivity Ltd.
- Texas Instruments Incorporated
- NXP Semiconductors N.V.
- Infineon Technologies AG
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
217 Pages
- 1 Preface
- 2 Report Coverage – Key Segmentation and Scope
- 3 Report Description
- 3.1 Market Definition and Outlook
- 3.2 Properties and Applications
- 3.3 Market Analysis
- 3.4 Key Players
- 4 Key Assumptions
- 5 Executive Summary
- 5.1 Overview
- 5.2 Key Drivers
- 5.3 Key Developments
- 5.4 Competitive Structure
- 5.5 Key Industrial Trends
- 6 Market Snapshot
- 6.1 Global
- 6.2 Regional
- 7 Opportunities and Challenges in the Market
- 8 Global Consumer IoT Market Analysis
- 8.1 Key Industry Highlights
- 8.2 Global Consumer IoT Historical Market (2018-2023)
- 8.3 Global Consumer IoT Market Forecast (2024-2032)
- 8.4 Global Consumer IoT Market by Offering
- 8.4.1 Hardware
- 8.4.1.1 Historical Trend (2018-2023)
- 8.4.1.2 Forecast Trend (2024-2032)
- 8.4.1.3 Breakup by Type
- 8.4.1.3.1 Processor
- 8.4.1.3.2 Network infrastructure
- 8.4.1.3.3 Sensors
- 8.4.1.3.4 Others
- 8.4.2 Software
- 8.4.2.1 Historical Trend (2018-2023)
- 8.4.2.2 Forecast Trend (2024-2032)
- 8.4.3 Services
- 8.4.3.1 Historical Trend (2018-2023)
- 8.4.3.2 Forecast Trend (2024-2032)
- 8.5 Global Consumer IoT Market by Connectivity
- 8.5.1 Wired
- 8.5.1.1 Historical Trend (2018-2023)
- 8.5.1.2 Forecast Trend (2024-2032)
- 8.5.2 Wireless
- 8.5.2.1 Historical Trend (2018-2023)
- 8.5.2.2 Forecast Trend (2024-2032)
- 8.5.2.3 Breakup by Type
- 8.5.2.3.1 Bluetooth
- 8.5.2.3.2 Wi-Fi
- 8.5.2.3.3 NFC
- 8.5.2.3.4 Others
- 8.6 Global Consumer IoT Market by Application
- 8.6.1 Automotive
- 8.6.1.1 Historical Trend (2018-2023)
- 8.6.1.2 Forecast Trend (2024-2032)
- 8.6.2 Consumer Electronics
- 8.6.2.1 Historical Trend (2018-2023)
- 8.6.2.2 Forecast Trend (2024-2032)
- 8.6.3 Healthcare
- 8.6.3.1 Historical Trend (2018-2023)
- 8.6.3.2 Forecast Trend (2024-2032)
- 8.6.4 Home Automation
- 8.6.4.1 Historical Trend (2018-2023)
- 8.6.4.2 Forecast Trend (2024-2032)
- 8.6.5 Others
- 8.7 Global Consumer IoT Market by Region
- 8.7.1 North America
- 8.7.1.1 Historical Trend (2018-2023)
- 8.7.1.2 Forecast Trend (2024-2032)
- 8.7.2 Europe
- 8.7.2.1 Historical Trend (2018-2023)
- 8.7.2.2 Forecast Trend (2024-2032)
- 8.7.3 Asia Pacific
- 8.7.3.1 Historical Trend (2018-2023)
- 8.7.3.2 Forecast Trend (2024-2032)
- 8.7.4 Latin America
- 8.7.4.1 Historical Trend (2018-2023)
- 8.7.4.2 Forecast Trend (2024-2032)
- 8.7.5 Middle East and Africa
- 8.7.5.1 Historical Trend (2018-2023)
- 8.7.5.2 Forecast Trend (2024-2032)
- 9 North America Consumer IoT Market Analysis
- 9.1 United States of America
- 9.1.1 Historical Trend (2018-2023)
- 9.1.2 Forecast Trend (2024-2032)
- 9.2 Canada
- 9.2.1 Historical Trend (2018-2023)
- 9.2.2 Forecast Trend (2024-2032)
- 10 Europe Consumer IoT Market Analysis
- 10.1 United Kingdom
- 10.1.1 Historical Trend (2018-2023)
- 10.1.2 Forecast Trend (2024-2032)
- 10.2 Germany
- 10.2.1 Historical Trend (2018-2023)
- 10.2.2 Forecast Trend (2024-2032)
- 10.3 France
- 10.3.1 Historical Trend (2018-2023)
- 10.3.2 Forecast Trend (2024-2032)
- 10.4 Italy
- 10.4.1 Historical Trend (2018-2023)
- 10.4.2 Forecast Trend (2024-2032)
- 10.5 Others
- 11 Asia Pacific Consumer IoT Market Analysis
- 11.1 China
- 11.1.1 Historical Trend (2018-2023)
- 11.1.2 Forecast Trend (2024-2032)
- 11.2 Japan
- 11.2.1 Historical Trend (2018-2023)
- 11.2.2 Forecast Trend (2024-2032)
- 11.3 India
- 11.3.1 Historical Trend (2018-2023)
- 11.3.2 Forecast Trend (2024-2032)
- 11.4 ASEAN
- 11.4.1 Historical Trend (2018-2023)
- 11.4.2 Forecast Trend (2024-2032)
- 11.5 Australia
- 11.5.1 Historical Trend (2018-2023)
- 11.5.2 Forecast Trend (2024-2032)
- 11.6 Others
- 12 Latin America Consumer IoT Market Analysis
- 12.1 Brazil
- 12.1.1 Historical Trend (2018-2023)
- 12.1.2 Forecast Trend (2024-2032)
- 12.2 Argentina
- 12.2.1 Historical Trend (2018-2023)
- 12.2.2 Forecast Trend (2024-2032)
- 12.3 Mexico
- 12.3.1 Historical Trend (2018-2023)
- 12.3.2 Forecast Trend (2024-2032)
- 12.4 Others
- 13 Middle East and Africa Consumer IoT Market Analysis
- 13.1 Saudi Arabia
- 13.1.1 Historical Trend (2018-2023)
- 13.1.2 Forecast Trend (2024-2032)
- 13.2 United Arab Emirates
- 13.2.1 Historical Trend (2018-2023)
- 13.2.2 Forecast Trend (2024-2032)
- 13.3 Nigeria
- 13.3.1 Historical Trend (2018-2023)
- 13.3.2 Forecast Trend (2024-2032)
- 13.4 South Africa
- 13.4.1 Historical Trend (2018-2023)
- 13.4.2 Forecast Trend (2024-2032)
- 13.5 Others
- 14 Market Dynamics
- 14.1 SWOT Analysis
- 14.1.1 Strengths
- 14.1.2 Weaknesses
- 14.1.3 Opportunities
- 14.1.4 Threats
- 14.2 Porter’s Five Forces Analysis
- 14.2.1 Supplier’s Power
- 14.2.2 Buyer’s Power
- 14.2.3 Threat of New Entrants
- 14.2.4 Degree of Rivalry
- 14.2.5 Threat of Substitutes
- 14.3 Key Indicators for Demand
- 14.4 Key Indicators for Price
- 15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Company Profiles
- 15.2.1 IBM Corporation
- 15.2.1.1 Company Overview
- 15.2.1.2 Product Portfolio
- 15.2.1.3 Demographic Reach and Achievements
- 15.2.1.4 Certifications
- 15.2.2 Amazon Web Services, Inc.
- 15.2.2.1 Company Overview
- 15.2.2.2 Product Portfolio
- 15.2.2.3 Demographic Reach and Achievements
- 15.2.2.4 Certifications
- 15.2.3 Intel Corporation
- 15.2.3.1 Company Overview
- 15.2.3.2 Product Portfolio
- 15.2.3.3 Demographic Reach and Achievements
- 15.2.3.4 Certifications
- 15.2.4 Hewlett Packard Enterprise Development LP
- 15.2.4.1 Company Overview
- 15.2.4.2 Product Portfolio
- 15.2.4.3 Demographic Reach and Achievements
- 15.2.4.4 Certifications
- 15.2.5 Microsoft Corporation
- 15.2.5.1 Company Overview
- 15.2.5.2 Product Portfolio
- 15.2.5.3 Demographic Reach and Achievements
- 15.2.5.4 Certifications
- 15.2.6 Schneider Electric SE
- 15.2.6.1 Company Overview
- 15.2.6.2 Product Portfolio
- 15.2.6.3 Demographic Reach and Achievements
- 15.2.6.4 Certifications
- 15.2.7 TE Connectivity Ltd.
- 15.2.7.1 Company Overview
- 15.2.7.2 Product Portfolio
- 15.2.7.3 Demographic Reach and Achievements
- 15.2.7.4 Certifications
- 15.2.8 Texas Instruments Incorporated
- 15.2.8.1 Company Overview
- 15.2.8.2 Product Portfolio
- 15.2.8.3 Demographic Reach and Achievements
- 15.2.8.4 Certifications
- 15.2.9 NXP Semiconductors N.V.
- 15.2.9.1 Company Overview
- 15.2.9.2 Product Portfolio
- 15.2.9.3 Demographic Reach and Achievements
- 15.2.9.4 Certifications
- 15.2.10 Infineon Technologies AG
- 15.2.10.1 Company Overview
- 15.2.10.2 Product Portfolio
- 15.2.10.3 Demographic Reach and Achievements
- 15.2.10.4 Certifications
- 15.2.11 Others
- 16 Key Trends and Developments in the Market
- List of Key Figures and Tables
- 1. Global Consumer IoT Market: Key Industry Highlights, 2018 and 2032
- 2. Global Consumer IoT Historical Market: Breakup by Offering (USD Billion), 2018-2023
- 3. Global Consumer IoT Market Forecast: Breakup by Offering (USD Billion), 2024-2032
- 4. Global Consumer IoT Historical Market: Breakup by Connectivity (USD Billion), 2018-2023
- 5. Global Consumer IoT Market Forecast: Breakup by Connectivity (USD Billion), 2024-2032
- 6. Global Consumer IoT Historical Market: Breakup by Application (USD Billion), 2018-2023
- 7. Global Consumer IoT Market Forecast: Breakup by Application (USD Billion), 2024-2032
- 8. Global Consumer IoT Historical Market: Breakup by Region (USD Billion), 2018-2023
- 9. Global Consumer IoT Market Forecast: Breakup by Region (USD Billion), 2024-2032
- 10. North America Consumer IoT Historical Market: Breakup by Country (USD Billion), 2018-2023
- 11. North America Consumer IoT Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 12. Europe Consumer IoT Historical Market: Breakup by Country (USD Billion), 2018-2023
- 13. Europe Consumer IoT Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 14. Asia Pacific Consumer IoT Historical Market: Breakup by Country (USD Billion), 2018-2023
- 15. Asia Pacific Consumer IoT Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 16. Latin America Consumer IoT Historical Market: Breakup by Country (USD Billion), 2018-2023
- 17. Latin America Consumer IoT Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 18. Middle East and Africa Consumer IoT Historical Market: Breakup by Country (USD Billion), 2018-2023
- 19. Middle East and Africa Consumer IoT Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 20. Global Consumer IoT Market Structure
Pricing
Currency Rates
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