IoT Communication Protocol Market by Connectivity Technology - 2022 | MarketsandMarkets

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MarketsandMarkets Presents

IoT Communication Protocol Market worth 15.80
Billion USD by 2022 IoT Communication Protocol
Market by Connectivity Technology (Wi-Fi,
Bluetooth, Zigbee, Bluetooth Smart), End-Use
Application (Consumer Electronics, Automotive
Transportation, Building Automation, Healthcare),
Region - Global Forecast to 2022 http//www.marke
tsandmarkets.com/Market-Reports/iot-communication-
protocol-market-172564879.html
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The report "IoT Communication Protocol Market by
Connectivity Technology (Wi-Fi, Bluetooth,
Zigbee, Bluetooth Smart), End-Use Application
(Consumer Electronics, Automotive
Transportation, Building Automation, Healthcare),
Region - Global Forecast to 2022", The IoT
communication protocol market size, in terms of
value, is expected to grow from USD 11.44 Billion
in 2015 to USD 15.80 Billion by 2022, at a CAGR
of 4.7 between 2016 and 2022. Browse 76
market data Tables and 61 Figures spread through
204 Pages and in-depth TOC on "IoT Communication
Protocol Market - Global Forecast to
2022"Early buyers will receive 10
customization on this report.
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Increasing Internet connectivity,
ever-increasing penetration of smartphones,
tablets, and the rising demand for connected
devices is driving the internet of things
communication protocol market. The increasing
business demand for enhancing operation
efficiency and cost-savings would make IoT a
dominant model for organizations across verticals
in the future. Ask PDF Brochure_at_
http//www.marketsandmarkets.com/pdfdownload.asp?i
d172564879 The EnOcean technology
market expected to grow at the highest CAGR
during the forecast period The market for EnOcean
is expected to grow at the highest rate during
the forecast period. EnOcean is known for its
self-harvesting technology which makes it an
ideal technology for building automation. The
development of IoT needed for ultra-low power
devices and sensors is expected to increase at
very fast pace, which, in turn, would drive the
need for EnOcean protocol technology. There are
more than 400 companies which are member of
EnOcean Alliance and providing more than 1500
different interoperable products. Building
automation and wearable to grow at the highest
rate for the IoT communication protocol
market The market for building automation is
expected to grow at the highest rate between 2016
and 2022. This is mainly because of high demand
for energy efficiency and security safety
required in buildings. Moreover, advancements in
the wireless communication technologies and
convergence of IoT and building automation would
further increase the growth of the building
automation system market.
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The major factors driving the wearable devices
market include the growing popularity of Internet
of Things and the increasing adoption of smart
watches and activity trackers in consumer
markets. The major opportunities contributing to
the growth of the market are the increasing
adoption of wearable devices in multiple
application areas such as medical and healthcare,
industrial, and military among others.Inquiry
Before Buying _at_ http//www.marketsandmarkets.com/E
nquiry_Before_Buying.asp?id172564879 APAC
expected to witness highest growth during the
forecast period The APAC region is expected to
grow at the highest rates in the IoT connectivity
technology market between 2016 and 2022. The
market in APAC consists of developing economies
such as China and India which have a huge
potential for the applications of Internet of
Things and Japan, an important player in the
semiconductor component supplier worldwide. The
APAC region is the most densely populated region.
The demand for consumer devices is majorly driven
by this region. Major players in the IoT
communication protocol market are
STMicroelectronics N.V. (Switzerland), NXP
Semiconductors N.V. (Netherlands), Synopsys, Inc.
(U.S.), CEVA, Inc. (U.S.), Texas Instruments,
Inc. (U.S.), MediaTek Inc. (Taiwan), EnOcean GmbH
(Germany), GainSpan Corp. (U.S.), Atmel Corp.
(U.S.), and Mindtree Corp. (India).

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