Global Internet of Nanothings (IoNT) Market 2018-2022
About Internet of Nanothings (IoNT)
The IoNT is a network of nanoscale devices that are connected tothe Internet and communication networks such as a wireless local area network (WLAN). Nanoscale devices include nanonodes (nanosensors), nanorouters, nanomicrointerface devices, and gateways. For our report we have included nanosensors and IoNT platforms while sizing the market.
Technavio’s analysts forecast the global internet of nanothings (IoNT) market to grow at a CAGR of 21.89% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global internet of nanothings (IoNT) market for 2018-2022. To calculate the market size, the report considers the revenue generated from the internet of nanothings.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Internet of Nanothings (IoNT) Market 2018-2022
Technavio recognizes the following companies as the key players in the global internet of nanothings (IoNT) market: Analog Devices, Cisco Systems, IBM, and Intel.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growth of nanomedicine. Nanomedicine is the medical application of nanotechnology. Globally, nanomedicines are mainly used to treat those who have ovarian and breast cancer, elevated cholesterol, kidney-related diseases, chronic pain, menopausal symptoms, and asthma.”
According to the report, one of the major drivers for this market is Increasing government support. Many governments across the world have provided support to the IoNT and nanotechnology products by supplying ample funds. A major part of the funding for nanotechnology products is from the US. The President’s 2017 Budget in the US provided $1.4 billion for the National Nanotechnology Initiative (NNI). Since its inception in 2001, the NNI has obtained a cumulative total of nearly $24 billion from the US government. As a part of developing nanotechnology and to fuel the research and infrastructure development in this field, t
Further, the report states that one of the major factors hindering the growth of this market is High implementation cost of the IoNT. The implementation cost of the IoNT is very high, and the capital investment of the IoNT can deter the growth of the global IoNT market. To adapt to the changing work environment, organizations have started developing integrated hardware and software platforms and building scalable real-time networks. However, such integration is a costly and time-consuming process. Furthermore, in areas such as the system design, customization, training, testing, and licensing of the IoNT, high investment costs are involved.
Analog Devices, Cisco Systems, IBM, and Intel.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook