Global Internet-of-Things (Iot) Devices Market to Register a Whopping 43.0% CAGR till 2019

ALBANY, New York, January 7, 2016: Market Research Reports has recently announced the addition of a new research report to their comprehensive database. The research report, titled, “Global IoT Devices Market 2015 – 2019,” provides a detailed analysis of the internet-of-things (IoT) devices market across the globe discussing the market overview, product segmentation, market drivers and restraints, opportunities and challenges, and competitive landscape. The research report also includes recommendations and inputs from industry experts to guide the existing as well as new players in designing their business strategies. According to the survey conducted, the global IoT devices market is projected to register an exponential 43.0% CAGR between 2015 and 2019. This high growth of IoT devices market can be attributed to the increased preference for high-end electronic devices and the changing lifestyles of customers globally. With the help of graphs, tables, and charts, the research report presents the historical data and forecast figures of the global IoT devices market.

Smart home is a unique concept and is gaining traction currently. The increasing demand for smart homes is one of the key factors driving the global IoT devices market. A smart home possesses technology that links together various domestic applications such as PCs, lighting systems, cameras systems, television sets, heating modules, security devices, air conditioning units, and entertainment systems with the help of communication devices including connected tablets and smartphones. The smart home device offers a complete control and helps in managing household appliances. The growing demand for smart devices from the domestic sector is expected to boost the demand for IoT devices through the forecast period.

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The research report segments the global IoT devices market on the basis of products into smart glasses, smart watches, smart refrigerators, smarts ACS, smart thermostats, and smart lighting systems. Of these, the smart lighting system segment is projected to hold a share of 45% in the global IoT devices market by the end of 2019. Geographically, the global IoT devices market has been segmented into Asia pacific, Americas, Europe, the Middle East, and Africa. Among these regions, the Americas dominated the global IoT devices market and are further expected to remain the market leader through the report’s forecast period. By the end of 2019, the IoT devices market in the Americas is expected to hold a share of 49% in the global market in terms of revenue, thanks to the changing customer preferences and technological advancements in this industry.

To present a comprehensive overview, the report also studies the competitive landscape of the global IoT devices market. The vendor analysis comprises company overview, product portfolio and services, financial overview, business strategies, and recent developments. Some of the prominent players operating in the global IoT devices market are Ingersoll-Rand plc, Sony, PPG Industries, Saint-Gobain, DuPont, AGC Group, Honeywell International Inc., Carrier Corp., Ecobee, Pebble, Motorola, Nest Labs, Samsung, and LG. The other key vendors mentioned in the research report are Kinestral Technologies, Corning, ASG, AutoGlass, Citala, Garmin, and Bayer.

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