Global Connected Devices Market 2016-2020
About Connected Devices
Connected devices refer to those that can be connected to the Internet to enhance their performance. The concept is based on the IoT, a network of physical or tangible objects or devices interconnected through multiple network technologies. These devices can communicate with one another and with the external environment when required, using the Internet as a medium.
Technavio’s analysts forecast the global connected devices market to grow at a CAGR of 5.34% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global connected devices market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top vendors operating in the market, as well as a segmentation of the market based on geography.
Technavio Announces the Publication of its Research Report – Global Connected Devices Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Connected Devices Market: Samsung, Apple, Lenovo, Microsoft, LG and Honeywell
Other Prominent Vendors in the market are: Pace, Technicolor, Google, Sony, Nintendo, Canon, Epson, HP, Siemens, Pebble, Fitbit, Xiaomi, ODG, Recon Instruments, Vuzix, Whirlpool, Electrolux, Nest Labs, Schneider Electric, Philips, KISI, and August.
Commenting on the report, an analyst from Technavio’s team said: “Embedded processing is at the heart of the IoT. Local processing capability is provided by microcontroller units (MCUs), hybrid microcontrollers/microprocessors (MCUs/MPUs) or integrated MCU devices, which can provide the real-time embedded processing required for most IoT applications. In the future, many IoT devices will be equipped with powerful embedded processors for advanced computing processes. These connected devices will be able to handle processing equivalent to today’s laptops and smartphones.”
According to the report, organizations, industries, and technologists are adopting the IoT concept due to its vast possibilities and numerous advantages. These advantages are also prompting consumers to buy more devices that can connect to each other in a network and share information.
Further, the report states that security is a prime concern of consumers when considering buying connected devices.
Samsung, Apple, Lenovo, Microsoft, LG, Honeywell, Pace, Technicolor, Google, Sony, Nintendo, Canon, Epson, HP, Siemens, Pebble, Fitbit, Xiaomi, ODG, Recon Instruments, Vuzix, Whirlpool, Electrolux, Nest Labs, Schneider Electric, Philips, KISI, August.
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