Global Sensors in Internet of Things (IoT) Market 2017-2023 - Market is anticipated to grow with a CAGR of 35% - Research and Markets

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The "Global Sensors in Internet of Things (IoT) Market Research Report Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to's offering.

Global sensors in the internet of things market is anticipated to grow with a CAGR of 35% in the forecast period 2016-2023.

There are numerous factors which help to strengthening the sensors in the internet of things market during the forecast period such as increasing demand of smartphones, rising internet connectivity devices, low cost of sensors and increasing IOT investments.

Moreover, the increasing development of smart cities and the adoption of advanced technology in the medical sector is providing future opportunity for the market. Apart from this, there are several factors which are hindering the overall sensors in internet of things market such as privacy & security concern and strict regulations for spectrum allocation.

Acuity Brands Inc., ARM Holdings, Bosch Sensortec, Cisco Systems, Ericsson, Google Inc., Honeywell International Inc., HTC Corporation, International Business Machines Corporation, Infineon Technologies, Intel Corporation, Invensense Inc., Microsoft Corporation, NXP Semiconductors NV, Qualcomm Inc. are some of the major companies of global sensors in internet of things market.

Market Determinants

Market Drivers

  • Rising Adoption of Smart Phones
  • Rising Internet Connectivity Devices
  • Low Cost of Sensors
  • Increasing IoT Investment

Market Restraints

  • Privacy And Security Concern
  • Strict Regulations for Spectrum Allocation

Market Opportunities

  • Increasing Development of Smart City
  • Adoption of Advance Technology in Medical Industry

Market Challenges

  • Lack of Interoperability And Data Management
  • Lack of Iot Technology Skills

Companies Mentioned

  • Acuity Brands Inc
  • Arm Holdings
  • Bosch Sensortec
  • Cisco Systems
  • Ericsson
  • Google Inc.
  • Honeywell International Inc
  • HTC Corporation
  • Infineon Technologies
  • Intel Corporation
  • International Business Machines Corporation
  • Invensense Inc
  • Microsoft Corporation
  • Nxp Semiconductors Nv
  • Qualcomm Inc

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Business Wire: 18:01 GMT Friday 12th January 2018

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