Connected Sensors Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028


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Global Connected Sensors Market: Snapshot

Any damage to the factory can ultimately impact a business tremendously. Damages such as water leaks, fire, and even thefts are some of the concerns that haunt the business owners today. Moreover, majority of the time it gets extremely difficult for the businesses to claim the insurance. This adds up to the damage faced by the business leaders today. The need for sensors to get over these threats is majorly driving the growth in global connected sensors market these days.

Some of the Sensors from Connected Sensors Market that are Making the Difference

  • Fire Detection Sensors: For quite a long time the fire detecting sensor has been signaling ceaselessly whenever there's any hint of smoke in the factory, yet there are a few sorts of toxins that can affect business and air quality, all which could prompt property harm and damage to the employees. A carbon monoxide sensor from connected sensor market estimates the CO level that is noticeable in air and will inform individuals if levels are high. Since CO is scentless and imperceptible without help, connected sensor can be a lifeline, particularly when it is connected with emergency monitoring services. The uniqueness of these sensors will steer growth in the global connected sensors market.

Water/Moisture Leak Detection Sensor: A water/moisture sensor from connected sensor market can provide necessary head up to the business if a factory is in danger because of solidifying channels, or even a messed up waterline. These sensors alert you to spills in your home so can fix the issue promptly and not after the harm has been finished. The sensor can be put around water radiators, sinks, sump siphons and anything in danger for water leakage. If by any chance the sensor distinguishes undesirable water a warning is sent to stakeholders, so they can rush to the factory to look at the issue

Connected Sensors market in Internet of Things (IoT) connected devices is showing a dynamic growth rate in many enterprise. The physical objects that are connected will have one or more sensors. Every sensor can monitor a specific location, vibration, motion and temperature. This sensors are connected to each other and to the system and can recognize the real time information from the sensor’s data feed in IoT. So for enterprises this connected sensors will provide new information to enterprise system. Due to advanced technology, there is greater investment in sensor devices that are having access to real-time information and services for enterprise.

Connected Sensors Market: Drivers and Challenges

The major driver growth for Connected Sensors market is the constant decline in price for sensors, so the demand for sensors is increasing in various sectors such as IT, automotive, healthcare, retail and manufacturing, and others.

In contrast to this, complexities with the sensors while connecting the devices  in a wireless networks which  poses of security threats, as the signals are spread in air and it is easy for hackers to catch the signal of connected devices in the network. So there is risk of data being lost while connecting the device which is restraining the market growth of connected sensors.

Connected Sensors Market: Segmentation

Segmentation of Connected Sensors Market on the basis of component:

  • Hardware

  • Software

  • Network Components

Segmentation of Connected Sensors Market on the basis of industry:

  • IT and Telecommunications

  • Manufacturing

  • Transportation and Logistics

  • Defense and Government

  • BFSI

  • Healthcare

  • Retail

  • Energy and Utilities

  • Others

Segmentation of Connected Sensors Market on the basis of geography:

  • North America (U.S., Canada)

  • Latin America (Mexico, Brazil)

  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)

  • Eastern Europe (Poland, Russia)

  • Asia-Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)

  • Japan

  • The Middle East and Africa (GCC, South Africa, North Africa)

Connected Sensors Market: key players

Some of the key players for Connected Sensors are IBM, Bosch, Google Inc., Samsung, HTC Corporation, Qualcomm Inc, Honeywell International Inc, Microsoft Corporation, Siemens, ARM Holdings, Intel Corporation, Samsung Electronics Co, Ltd.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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