Global Consumer IoT Market – Industry Trends and Forecast to 2026

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Consumer IoT Market
Global Consumer IoT Market Industry Trends and
Forecast to 2026
Global Consumer IoT Market, By Offerings (Node
Component, Network Infrastructure, Solution,
Service), End-Use Application (Wearable Devices,
Consumer Electronics, Healthcare, Home
Automation, Automotive), Geography (North
America, South America, Europe, Asia-Pacific,
Middle East and Africa) Industry Trends and
Forecast to 2026 Global consumer IoT market is
expected to rise from its initial estimated value
of USD 47.50 billion in 2018 to an estimated
value of USD 172.34 billion by 2026, registering
a CAGR of 17.48 in the forecast period of
2019-2026
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Report Description
Consumer IoT (Internet of Things) can be
described as a type of Internet of Things, with
the main difference coming on the application and
the devices it is used on. Internet of Things
connects the different devices, networks, systems
so that there is ease of communication and usage.
For example, smart house is the perfect example
of consumer IoT as it incorporates all the smart
devices with the same network and perfectly
applies and achieves ease of communication and
usage for the consumer.
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Market Drivers and Restraints

• Growing number of internet users and increasing
  adoption of smart and multimedia devices is
  expected to drive the market growth
• Increased convenience and ease-of-life with
  consumer IoT is also expected to drive the market
  growth
• Risks of privacy of data and breaches associated
  with consumer IoT is expected to restrain the
  market growth
• High amount of power consumption conducted by the
  connected devices is also expected to restrain
  the market growth

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Major Key Players
Few of the major competitors currently working in
the consumer IoT market are Qualcomm Technologies
Inc., Texas Instruments Incorporated, NXP
Semiconductors, Intel Corporation,
STMicroelectronics, IBM Corporation, GENERAL
ELECTRIC, Symantec Corporation, TE Connectivity,
Schneider Electric, Cisco, Amazon.com Inc., Apple
Inc., Google, LG Electronics, SAMSUNG, Sony
Corporation, Microsoft, ATT Intellectual
Property, Honeywell International Inc., and
Hewlett Packard Enterprise Development LP.
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