Point Of Sale (Pos) Terminal Market Growth, Segments, Size, Market Analysis and Opportunities 20275/4/2021 Market Overview:
The Point of Sale (POS) system is operated through POS software, which should also be compatible with the hardware used in the system. The POS software is developed with respect to specific industry verticals, which would facilitate to serve and record a huge amount of online transaction information. Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/5635 In retail, POS software facilitates the data to provide scalability with respect to identifying the products of different date ranges or units. The POS system is also integrated with inventory management system in the process to manage the proper availability of the products. In general, POS terminal offers flexibility, reliability, and more importantly transparency for smooth running of the business operation. However, most of POS systems are developed on generic operating systems such as Windows Embedded, Windows XP, and UNIX operating systems. These operating systems are vulnerable to cyber-attacks, which eventually lead to large-scale data breaches. Thus, lack of point to point encryption is considered to be a major challenge for the POS terminal market over the forecast period. Moreover, the surging demand for contactless payments, associated with an increase in adoption of NFC devices in the commercial and industrial sector is expected to drive the POS terminal market. Additionally, the evolution of chip-based payment solution and personal identification number (PIN) is presumed to lower security threats that result in driving the demand for POS terminal market over the forecast period. Access Report Details @ https://www.marketresearchfuture.com/reports/point-of-sale-terminal-market-5635 The POS Terminal market is categorised as differentiated by component, product, deployment, and end-user. By component, the POS terminal market comprised hardware, software, and services. Based on hardware, the market includes mobile devices such as tablets and smartphones synchronized with a debit/credit card reader, cash drawers, monitors, and others. On the basis of services, the segment is classified as professional services and managed services. By deployment, the market is bifurcated into on-premises and on-cloud. Furthermore, by product type, the POS terminal is classified as fixed terminal and wireless POS terminal. Based on end-user, the market is classified as retail, warehouse, healthcare, restaurants, hospitality, entertainment, and others. According to Market Research Future analysis, POS Terminal market has been valued at approximately over USD 87 billion growing with a 9% CAGR during the forecast period 2017-2023. Key Players Market Research Future identifies some of the key players of POS Terminal market are Ingenico S.A. (France), Verifone Systems (U.S.), PAX Technology (Hong Kong), HP Company (U.S), Cisco Systems (U.S), Elavon (U.S.), Castles Technology (Taiwan), Newland Payment Technology (China), Panasonic Corporation (Japan), CITIXSYS AMERICAS (U.S.). Touchbistro (Canada), NCR Corporation (U.S.), Diebold Nixdorf (U.S.), Zebra Technologies (U.S.), Squirrel Systems (Canada), and BBPOS (Hong Kong). About Market Research Future: Market Research Future (MRFR) is a reliable firm that undertakes an extensive analysis of markets in various domains. Our teams of research analysts gather relevant data through painstaking primary and secondary research that aims to give clients a complete outlook on markets of their interest. The data is compared against third-party agencies and reputed organizations for estimating valuations and revenue projections. MRFR’s goal in providing a comprehensive coverage of the market replete with latest trends, niches, developments, and insights can be lucrative for business needs. We aim to push our clients to the forefront by guiding them with astute information for making informed decisions. Our market intelligence can track down key issues in industries and be modified as per the fluctuations in economic scenarios. The reports are customized and offered as per a specific region or country and adhere to latest policies. Market Synopsis
According to MRFR, the global Chip-on-board LED Industry was valued at USD 2.01 billion in 2017 and is exected to reach USD 5.26 Billion by the end of forecast period with a CAGR of 17.88%. Market Highlights Government's growing focus around the world on promoting energy-efficient lighting has led to increased dema nd for LED lighting. Governments in different countries such as the United States , the United Kingdom and India, among others, offer rebates on energy efficient lamps, thereby enabling customers to buy them. In addition to government initiatives, chip-on-board LEDs have several advantages such as lower power requirements , high light efficiency , better thermal management, and a smaller number of solder joints that reduce the risk of performance losses. These advantages offer this business fast growth. Increasing investment in infrastructure development is also expected to further stimulate growth in the LED chip-on-board market. However, the complex chip-on-board Driven manufacturing process that includes the collection, installing, and interconnection of discrete devices hinders market development. Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/7030 Segmentation By material, the market is bifurcated into MCPCB and ceramic. Ceramic is the most commonly used material for substrate owing to its better thermal performance. By application, the market is segmented into backlighting, general lighting, automotive lighting and others. General lighting is further segmented into commercial residential, and industrial while backlighting is segmented into smartphones, tablets, monitors, televisions and others. Under automotive lighting, chip-on-board LED market is bifurcated into interior lighting and exterior lighting. Access Report Details @ https://www.marketresearchfuture.com/reports/chip-on-board-led-market-7030 Regional Assessment It is expected that the global demand for Chip-on-board LED will expand at a substantial pace during the 2018 to 2023 forecast period. Chip-on-board LED market geographic analysis is studied for Europe , North America, Asia-Pacific and the rest of the world (including the Middle East, Africa, and Latin America). Asia-Pacific is slated to dominate the Chip-on-board LED market during the forecast period due to the largest manufacturing and usage share among the regions mentioned. Countries such as South Korea, Taiwan, and China contribute to the largest market share due to the presence in these regions of a significant number of vendors. Some of the key providers of chip-on-board LED such as Seoul Semiconductor Citizen Electronics, and Samsung Electronics are based out of Asia-Pacific and also have a vast customer base within the region as well as across the globe. Owing to continued policy efforts such as subsidies and opportunities in the region to improve domestic production capacity, China is expected to experience strong growth during the forecast period. North America is the second dominant region on the Chip-on-board LED market followed by Europe because of the high number of retail and automotive lighting installations. Increased infrastructure spending and rapid technical developments are also expected to drive the growth of chip-on-board LED in these regions. Key players The key players in the Chip-on-board LED market are identified across all the key regions based on their country of origin, recent key developments, presence across different regions, product diversification, and industry expertise. Some of them are – Citizen Electronics Co. Ltd. (Japan), Osram Opto Semiconductors GmbH (Germany), Cree Inc. (US), GE Lighting (US), Seoul Semiconductor Co. Ltd. (South Korea), Philips Lumileds Lighting Co. (Netherlands), Samsung Electronics Co. Ltd. (South Korea), LG Innotek Co. Ltd. (South Korea) Everlight Electronics Co. Ltd. (Taiwan), and Lumens Co., Ltd. (South Korea). These players contribute a substantial share in the development of Chip-on-board LED market. Apart from the top key players, there are other players that contribute to the industry growth. These include Cooper Lighting (US), Prophotonix (US), LumiShore Ltd (UK), Leiso Lighting Tech. Ltd (China), Bridgelux Inc. (US) and others. About Market Research Future: Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information. We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis. LED Lighting Industry Share Leaders, Industry Analysis, Developments and Regional Forecast 20233/15/2021 Security Cameras Industry Trends 2021: In-Depth Analysis of Industry Growth & Forecast Up To 20243/15/2021 Market Highlights
Security cameras have become an integral part of smart homes and are equipped with added features such as wireless signal transition, ultra-high resolution, and thermal imaging among others. Security cameras provide real-time security, convenience, and control to the users. A security camera system may broadly include video cameras, sensors, actuators, servers, and terminals. Increasing adoption of applications of the Internet of Things is boosting the growth of the security camera market. IP security cameras are primarily connected to an IP network using an Ethernet connection. Indoor security cameras are primarily designed to sit on a shelf, making them ideal for renters who are unable to drill holes in the walls. The security camera industry continues to push the limits of resolutions and owing to this, the use of a digital security camera continues to increase while the demand for analog continues to decline. Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/7744 Key Players The key players in the security cameras market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Hangzhou Hikvision Digital Technology Co. Ltd (China), Motorola Solutions, Inc. (Motorola Home), Swann Communications Pty. Ltd (US), Shenzhen Leshi Video Tech. Co., Ltd (China), Arlo Technologies Inc. (US), ADT Inc. (US), FrontPoint Security Solutions, LLC (US), Vivint, Inc. (US), SimpliSafe, Inc. (US), and Panasonic Corporation (Japan). These players contribute significantly to market growth. Apart from the top key players, the other players contributing nearly 40–45% in the security cameras market are Ring LLC (US), Reolink Digital Technology Co., Ltd (China), Godrej Security Solutions (Godrej & Boyce Mfg. Co. Ltd) (India), Nest Labs, Inc. (US), B & H Foto & Electronics Corp (US), Immedia Semiconductor, Inc. (US), Wyze Labs, Inc. (US), Amcrest (US), Comcast Corporation (Xfinity) (US), CPI Security Systems, Inc. (US), Xiaomi Corporation (China), Canary Connect, Inc. (US), Logitech International S.A (Switzerland), Zmodo Technology Corporation Ltd (China), Sony Corporation (Japan), Samsung Communications (South Korea), and Toshiba America Information Systems, Inc. (US). Get Complete Report @ https://www.marketresearchfuture.com/reports/security-cameras-market-7744 Regional Analysis The market for security camera is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographic analysis of foldable display market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East & Africa, and South America). According to MRFR analysis, North America dominates the security camera market; this growth can be attributed to the presence of key electronic component manufacturers for the production of security surveillance cameras. These components include AC/DC controllers, SDRAM, the processor (SoC), media ports, sensors, and actuators. Some of the prominent players manufacture these components in-house, while others procure these components from third-party suppliers. Manufactures from China significantly contribute to the production in the Asia-Pacific. Apart from China, other prominent countries involved in the production are the US, Japan, Germany, India, and South Korea. Another major factor for the growth of security camera market in the US is the strong distribution network. In security cameras distribution and sale, the channel consists of intermediaries, direct selling, and others. This market focuses only on the end user related to the commercial and public spaces, industries, enterprises, homes, and apartments. About Us: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. Media Contact: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312 Email: sales@marketresearchfuture.com Waterproof Security Cameras Industry 2021 Trend, CAGR Status, Growth, Analysis and Forecast To 20233/15/2021 Market Study
Market Research Future (MRFR), in its Latest Waterproof Security Cameras Market 2020 states different factors that can impact the market. As per MRFR study, the waterproof security camera market is expected to rise at about 5% CAGR across 2017 to 2023. MRFR also reveals that the waterproof security camera market is poised to value at above USD 950 Mn by 2023. The waterproof security camera market rise can be credited to the growing importance of support and security surveillance at home, along with offices in challenging environments. Waterproof surveillance cameras are largely applied to capture excellent footage to that similar to high-quality indoor surveillance camera. In rise in the adoption of waterproof surveillance security cameras due to the growing need to keep home safe and secured from crime by thieves and other types of predators can boost the expansion of the market. The waterproof security camera offers strong durable service that can prompt the market rise. Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/2992 MRFR study indicates that city infrastructure developments can boost the growth of the waterproof security cameras market. Infrastructure development, increased urbanization, large scale expansion of business, and globalization are significant factors that can drive the expansion of the world waterproof security camera market. MRFR analysis states that rise in government initiatives in regards to safety of citizens from foreign attacks, plus enhanced border security implementations can prompt the waterproof security camera market. The need for enterprises to implementing major safety measures for the safety of employees within and outside the office premise can contribute to the expansion of the waterproof security cameras market. Market Segment The segment study of the world waterproof security cameras market is based on product, range, and application. The product based segments of the global waterproof security cameras market are dome, bullet, and high-speed cameras among others. The high-speed cameras deployed largely to capture fast movement of animals in the field of biomechanics. This utilization is observed in television to measure speed and height, plus slow down fast moving things. The growing implications of waterproof security in sports science for motion study can boost the market growth. By mode of range, the waterproof security cameras market segments are 30 to 60 meters, 60 to 80 meters, 10 to 30 meters, and 80 meters, and above. Among all these, the waterproof up to 30 meters segments comprises a GPS system, interactive world map, an altimeter, Wi-Fi connectivity, and underwater depth instrument. Benefits of surveillance cameras, such as service to a depth of 30 meters and high-resolution function can prompt the market rise. By mode of application, the waterproof security cameras market segments are commercial, residential, and industrial among others. Access Report Details @ https://www.marketresearchfuture.com/reports/waterproof-security-cameras-market-2992 Regional Insights Among all regional segments of the waterproof security cameras, the North America region can lead the world market owing to the existence of well-established camera manufacturers in the region. The increased utility of government initiatives for border and outdoor security, plus the rise in the demand for waterproof security cameras can prompt the regional growth of the market. Europe houses several prominent producers of waterproof security cameras. In addition, the rise in terror attack in the region can impel the market in the UK and the Rest of EU. Key Players The prominent players in the waterproof security cameras market are – Panasonic Corporation (Japan), Robert Bosch Gmbh (Germany), FLIR Systems (U.S.), Honeywell International Inc. (U.S.), Vimtag Technology Co. Ltd (China), Nest Cam (U.S.), Pelco Corporate (U.S.), Amcrest Technologies (U.S.), Zosi Technology Co. Ltd (Hongkong), Frontpoint Security Solutions (U.S.), among others. About Market Research Future: Market Research Future (MRFR) is a reliable firm that undertakes an extensive analysis of markets in various domains. Our teams of research analysts gather relevant data through painstaking primary and secondary research that aims to give clients a complete outlook on markets of their interest. The data is compared against third-party agencies and reputed organizations for estimating valuations and revenue projections. MRFR’s goal in providing a comprehensive coverage of the market replete with latest trends, niches, developments, and insights can be lucrative for business needs. We aim to push our clients to the forefront by guiding them with astute information for making informed decisions. Our market intelligence can track down key issues in industries and be modified as per the fluctuations in economic scenarios. The reports are customized and offered as per a specific region or country and adhere to latest policies. Rectenna Industry Share Leaders, Industry Analysis, Developments and Regional Forecast 20243/15/2021 In its research report, Market Research Future (MRFR), highlights that over the review period , the global market 2020 is poised to increase significantly, ensuring substantial market valuation of USD 19.04 billion and a healthy 14.60% CAGR over the review period.
Drivers and Restraints One of the key drivers of demand for SSD controllers is the growing rise in demand for cloud-based data centres. The low cost of accessing the cloud contributes to increased demand for public cloud storage. This has resulted in the increasing demand for data centers which can store large amounts of data and require highly data-intensive operations. When businesses are more inclined towards cloud-based operations, there has been a massive increase in the number of mega data centers; this is expected to fuel demand for SSD controllers in the years ahead. Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/8268 One of the main factors affecting the growth of the demand for SSD controllers is the growth of 3D NAND technology that has brought revolution in electronic storage. 3D NAND technology offers a variety of advantages, including low power consumption and improved endurance compared to a planar design. These architectures are one-dimensional, and therefore more data can be stored by increasing its density. This results in an increase in SSD capacities and a fall in prices. Segmental Analysis By type, the market has been segmented into multi-level cells (MLC), single-level cells (SLC), triple-level cells (TLC). During the forecast period the multi-level cells (MLC) segment is expected to dominate the SSD controller market, while the triple-level cells (TLC) segment is expected to grow at the highest CAGR during the forecast period. The market has been segmented by storage interface into SAS, SATA, PCIe. The SATA segment leads the SSD controller market and is poised to continue its dominance over the forecast period. During the forecast period the PCIe segment is expected to grow at a significant pace. The SSD controller market was segmented by application into data center, business, consumer, and retail. In 2018, the data center segment dominated the SSD controller market and is expected to contribute a significant market share of revenue over the forecast period. Customer segment is likely to record high CAGR over the forecast period. Access Report Details @ https://www.marketresearchfuture.com/reports/ssd-controller-market-8268 Regional Assessment The global market geographic overview was conducted in four major regions including Asia Pacific , North America, Europe and the rest of the world. North America is expected to dominate the SSD controller market amongst the aforementioned regions. The broad adoption of SSD controller technology in advanced computing systems, growth of cloud computing, and proliferating big data analytics is contributing to the growth of the industry. SSD controller technology is used largely in data centers. Asia-Pacific is expected to grow in the forecast period, at the highest CAGR. The region's leading countries include China, Japan and South Korea are generating immense potential for the SSD controller industry to expand. Europe is also projected to see tremendous demand for SSD controller technology owing to the demand from the automobile industry inside the consumer market. Competitive Analysis The major market players operating in the global market as identified by MRFR are Samsung (South Korea), Marvell Technology Group (UK), Intel (US), Toshiba (Japan), Micron Technology, Inc. (US), Western Digital (US), NetApp (US), IBM (US), Silicon Motion Technology Corporation (Taiwan), Phison Electronics Corporation (Taiwan), and SandForce (US). Apart from the key players, there are other players and regional players that contribute to the market growth. These include CNEX Labs, Inc. (US), OCZ (US), Realtek Semiconductor Corp. (Taiwan), ADATA Technology Co., Ltd. (Taiwan), and Foremay (US). About Market Research Future: Market Research Future (MRFR) is a reliable firm that undertakes an extensive analysis of markets in various domains. Our teams of research analysts gather relevant data through painstaking primary and secondary research that aims to give clients a complete outlook on markets of their interest. The data is compared against third-party agencies and reputed organizations for estimating valuations and revenue projections. MRFR’s goal in providing a comprehensive coverage of the market replete with latest trends, niches, developments, and insights can be lucrative for business needs. We aim to push our clients to the forefront by guiding them with astute information for making informed decisions. Our market intelligence can track down key issues in industries and be modified as per the fluctuations in economic scenarios. The reports are customized and offered as per a specific region or country and adhere to latest policies. Overview
Global Wireless IoT Sensors Industry is expected to be valued at USD 40,728.60 Million by 2025, with a CAGR of 32.87% during the forecast period (2019–2025). Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/8269 The report covers segmentation and drivers for a better glimpse of the market in the coming years. Wireless IoT sensors are standard measurement tools that are equipped with transmitters to convert signals from process control instruments into a radio transmission. The main advantages of these sensors are increased safety, convenience, low cost, low-level maintenance, and a small amount of power to function. IoT devices are mainly used for collecting performance and environmental data from sensors attached to devices either by performing a rudimentary analysis in a proximity network close to the devices or by passing the data via some form of network to an on-premise enterprise or cloud platform. Competitive Analysis Some of the Key Industry Participants of the Global Wireless IoT Sensors Market are Texas Instruments Incorporated (US), STMicroelectronics (US), TE Connectivity (Switzerland), Infineon Technologies AG (Germany), Robert Bosch GmbH (Germany), Sony Corporation (Japan), HONEYWELL INTERNATIONAL INC. (US), NXP Semiconductors (Netherlands), Omron Corporation (Japan), TDK Corporation (Japan), Broadcom Inc. (US), Analog Devices, Inc. (US), Murata Manufacturing Co., Ltd (Japan), FUJITSU (Japan), and SmartThings Inc. (US). Texas Instruments Incorporated follows both organic and inorganic approaches. The company lays emphasis on enhancing its product portfolio. It focuses on product development by investing in research and development to increase its revenue and market share. As a part of its inorganic growth strategy, Texas Instruments Incorporated is building strong corporate alliances and collaborating with domain experts. Additionally, the company acquired National Semiconductor, an American semiconductor manufacturer that specializes in analog devices and subsystems to maximizes profits. STMicroelectronics strategizes to develop industry-leading products and solutions for various application areas that are expected to experience robust growth rates driven by long-term trends. Some such trends are the aging population and concentration in cities, ubiquitous connectivity, and the need for more energy efficiency across all end-use applications. It focuses on research and development activities to improve its hardware products and meet customer expectations in terms of reliability, quality, and competitiveness in terms of price and time-to-market. In 2018, the company had approximately 7,400 people working in its research and development department, 18,000 patents, 9,600 patent families, and 550 new patent filings. Its research and development strategies are focused on the development of differentiated technologies to offer new products and discover new application opportunities. STMicroelectronics focuses on long-term value creation for the company as well as its associated enterprises while considering the evolution of its markets. Segmental Analysis The Global Wireless IoT Sensors Market is segmented based on Type, Component, Technology, and Vertical. Based on component, the hardware segment dominates the global market. The segment includes a lighting control system, heating, ventilation, and air conditioning (HVAC), security & access control system, fire protection system, lighting control system, and others. These systems require enhanced accuracy, system activation, lower power consumption, data security, easy communication, detection of support-specific goals and actions. The selection of hardware is based on various criteria, such as resolution, conversion speed, power requirements, physical size, processor compatibility, and interface structure. Thus, the growing demand for electronics devices and an increase in the adoption of IoT further grows the demand for hardware for wireless IoT sensors. By Type, the image sensors segment is expected to dominate the global market. The image sensors are light-sensitive devices that convert optical signals into electric signals for displaying or storing files electronically. Such sensors are used in standalone and embedded cameras and a few imaging devices, thermal imaging devices, biometric & IRIS devices, and night vision equipment. Image sensors provide the consumers with higher image quality, superior frame rate, dynamic range along with reduced noise, lower dark current, and low power dissipation. By Technology, the WI-FI segment dominates the market. The sensors help connect the devices through Wi-Fi. Wi-Fi technology can connect to various IoT devices and send temperature readings to Private EyePi, or other monitoring applications. This technology is used in various applications such as digital signages and indoor security cameras. Wi-Fi is used in multiple devices as it offers coverage, scalability, and power consumption. According to the Institute of Electrical and Electronics Engineers (IEEE), Wi-Fi technology is the most commonly used communication standard and operates in the 2.4-5GHz band. Based on vertical, the industrial IoT segment dominates the global market. The industrial IoT segment includes industrial automation, energy, transportation, healthcare, and smart agriculture. Industrial applications, such as factory automation, compressors, hydraulics, and pneumatics, primarily involve the use of sensors for various processes. Sensors can detect physical, chemical, and biological signals and provide a suitable way to measure and record various physical parameters of the patient. Additionally, the use of IoT sensors in healthcare enables medical equipment to accumulate and share data with the cloud as well as allows medical equipment to connect with each other and facilitate its analysis with accuracy at high speed. Access Report Details @ https://www.marketresearchfuture.com/reports/wireless-iot-sensors-market-8269 Regional Analysis Geographic analysis of the global wireless IoT sensors market spans across North America, Europe, Asia-Pacific (APAC), and the rest of the world. In 2018, North America dominated with a value of USD 2,161.3 Million. The regional market value is expected to reach USD 11,587.7 Million by 2025, with an impressive 28.26% CAGR during the forecast period. North America is one of the prominent markets in the global wireless IoT sensors market. The existing infrastructure and major players in this region provide the market in North America with various opportunities for significant growth in the forecast period. Moreover, the increase in the adoption of these sensors in industrial automation, medical, transportation, logistics & supply chain, and consumer electronics industries dominates the market. Furthermore, the presence of various key players in the US drives the growth of the wireless IoT sensors market in the region. The growing demand for smartphones, home appliances, consumer electronic products, vehicles, and defense products increases the demand for wireless IoT sensors in this region. In the US and Canada, the high demand for IoT devices and communication networks in the energy and manufacturing industries is a major factor increasing the demand for wireless IoT sensors. Furthermore, the rapid adoption of new technology in this region along with the focus on IoT applications, adds to the growth of wireless IoT sensors. In 2018, the regional market was valued at USD 2,161.3 Million, which is expected to reach USD 11,587.7 Million by 2025, with a 28.26% CAGR during the forecast period. In 2018, Europe held the second-largest market share in the wireless IoT sensors market. The region has witnessed rapid growth in recent times owing to increasing innovation in smart homes and gaming applications and the increasing use of IoT sensors in manufacturing industries. Europe is a hub for machinery and equipment, automotive, pharmaceuticals, aeronautics, communications, and industrial automation. The adoption of IoT and wireless networking and the development of 5G network technology have triggered the adoption of wireless IoT sensors in applications such as industrial automation, logistics & supply chain, automotive, electronics, and healthcare. The growth of digital technologies for collection, storage, analysis, and distribution of information has given rise to several security concerns, providing various opportunities to the market players. In 2018, the regional market was valued at USD 1,589.0 Million, which is expected to reach USD 11,629.4 Million by 2025, with a 34.09% CAGR during the forecast period. The market in Asia-Pacific is one of the significant markets for wireless IoT sensors owing to the presence of emerging economies, such as India and China, which is expected to raise the demand for wireless IoT sensors market and also expected to register highest CAGR during the forecast period. The advancements in IoT and wireless communication technologies in this region are expected to drive the growth of wireless IoT sensors market in countries such as China, India, and Japan. The growing industrial sector combined with an increasing presence of small and medium-sized enterprises (SMEs) in the region are some of the factors that are expected to drive the market growth. The growing use for consumer electronics and the increase in demand for sensors in gaming, medical device manufacturing, automobiles, and consumer electronics increase the demand for wireless IoT sensors. Furthermore, the increasing adoption of the Internet of things (IoT) in several industries is expected to fuel the growth of the wireless IoT sensors market. The regional wireless IoT sensors market is expected to be valued at USD 14,108.4 million by 2025 at 40.36% CAGR during the forecast period. About Market Research Future: Market Research Future (MRFR) is a reliable firm that undertakes an extensive analysis of markets in various domains. Our teams of research analysts gather relevant data through painstaking primary and secondary research that aims to give clients a complete outlook on markets of their interest. The data is compared against third-party agencies and reputed organizations for estimating valuations and revenue projections. MRFR’s goal in providing a comprehensive coverage of the market replete with latest trends, niches, developments, and insights can be lucrative for business needs. We aim to push our clients to the forefront by guiding them with astute information for making informed decisions. Our market intelligence can track down key issues in industries and be modified as per the fluctuations in economic scenarios. The reports are customized and offered as per a specific region or country and adhere to latest policies. |
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