What is IoT Edge Devices Market Scope?
The global IoT Edge Devices market is expected to witness high demand in the forecasted period due to the high demand for smart city projects across the world. These edge devices can include many different things, such as an IoT sensor, an employee's notebook computer, their latest smartphone, the security camera, or even the internet-connected microwave oven in the office break room. Edge gateways themselves are considered edge devices within an edge-computing infrastructure.
The IoT Edge Devices market study is being classified by Type (Sensors, Actuators, IoT Gateways and Other Endpoints), by Application (Industrial [Healthcare, Automotive & Transportation, Building Automation, Manufacturing, Retail, BFSI, Oil & Gas, Agriculture, Aerospace & Defense, Others] and Consumer [Wearable Devices, Consumer Electronics]) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Intel Corporation (United States), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (United States), Texas Instruments Incorporated (United States), Cisco Systems Inc. (United States), Hewlett Packard Enterprise Co. (United States), TE Connectivity Ltd (Switzerland), Advantech Co., Ltd (Taiwan), Dell Technologies (United States), Microchip Technology Inc. (United States) and Notion (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Helium Systems Inc. (United States), Samsara Networks Inc.(United States), Beep Inc. (United States), Estimote Inc. (United States), Aaeon Technology Inc. (Taiwan), Nexcom International Co., Ltd. (Taiwan), STMicroelectronics N.V. (Switzerland), Eurotech S.P.A (Italy) and Adlink Technology Inc. (Taiwan).
Analyst at AMA have segmented the market study of Global IoT Edge Devices market by Type, Application and Region.
On the basis of geography, the market of IoT Edge Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Influencing Market Trend
- Development of internet connectivity
- The growing market of connected devices
- The Increasing Popularity of the Wearable Devices
- The growing use of wireless sensors and networks
- Government funding in research, innovation, and development related to IoT
- The high demand due to emerging smart cities in developing countries
- Concerns regarding security and privacy of user data
- High power consumption by wireless sensor terminals/ connected devices
Key Target AudienceManufacturer, Distributor, Suppliers, Government Regulatory Bodies, Private Research Organizations, Government Research Organization and Others
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