Global Consumer IoT
Market Report
2024
The global Consumer IoT market size is USD 135.7 billion in 2024. The Consumer IoT market will show strongest growth with a compound annual growth rate (CAGR) of 8.3% from 2024 to 2031. This growth can be attributed to increasing convenience through interconnectedness.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Consumer IoT Market Report 2024.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Consumer IoT Market Sales Revenue 2024 | $ 135.7 Billion |
Global Consumer IoT Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.3% |
Market Drivers: | |
Market Restrains:
|
Market Split by Component |
|
Market Split by Connectivity |
|
Market Split by Application |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Key Qualitative Information Covered |
|
Report scope is customizable as we have a huge database of Consumer IoT industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Consumer IoT Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Consumer IoT market encompasses a vast array of interconnected devices designed to enhance convenience, efficiency, and automation in everyday life. From smart home appliances and wearable gadgets to connected vehicles and personal health monitors, consumer IoT devices are revolutionizing the way people interact with their surroundings. This market is propelled by advancements in sensor technology, wireless connectivity, and data analytics, enabling devices to collect, process, and exchange information seamlessly. Consumer demand for enhanced connectivity, convenience, and personalized experiences continues to drive innovation in this space. However, challenges such as privacy and security concerns, interoperability issues, and the need for standardized protocols persist, influencing consumer trust and adoption rates. Despite these hurdles, the Consumer IoT market is poised for substantial growth as companies strive to deliver more intuitive and interconnected solutions that cater to the evolving needs and preferences of tech-savvy consumers.
We have various report editions of Consumer IoT Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
In March 2023, Skylo Technologies, a Non-Terrestrial Network (NTN) service operator, and Monogoto, the Cloud-based cellular network provider, signed an agreement to provide an affordable and accessible solution for NB-IoT Satellite connectivity for asset tracking products. Integrating the same hardware for both terrestrial and satellite communication will help expand connectivity to areas that were earlier not accessible, and regular software updates will be provided due to the throughput of the terrestrial networks. (Source: https://www.skylo.tech/about-us)
Top Companies Market Share in Consumer IoT Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue due to several factors. The region boasts a high level of technological adoption and infrastructure readiness. Further, it houses many leading IoT companies and tech giants driving innovation in the sector. Additionally, favorable regulatory environments and robust consumer purchasing power contribute to the widespread adoption of IoT devices, positioning North America as a key market leader.
Asia-Pacific stands out as the fastest-growing region in the Consumer IoT market due to several factors. The region boasts a large population with increasing disposable income, fostering greater adoption of IoT devices for both personal and commercial purposes. Government initiatives supporting smart city projects and infrastructure development further drive market expansion. Additionally, a burgeoning tech industry and growing urbanization contribute to the region's prominence in the Consumer IoT landscape.
The current report Scope analyzes Consumer IoT Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
Global Consumer IoT Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Consumer IoT Industry growth. Consumer IoT market has been segmented with the help of its Component, Connectivity Application, and others. Consumer IoT market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, hardware is the dominant category due to its foundational role in enabling connectivity and functionality. Consumer IoT devices rely heavily on hardware components such as sensors, microcontrollers, communication modules, and actuators to collect data, process information, and interact with the environment. These hardware components form the physical infrastructure that facilitates the integration of IoT technology into everyday objects, ranging from smart thermostats and security cameras to wearable fitness trackers and smart home appliances. Additionally, advancements in miniaturization, power efficiency, and cost reduction have made IoT hardware more accessible, driving widespread adoption among consumers and fostering innovation in this sector .
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Consumer IoT Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Consumer IoT from 2019 to 2031. This will also help to analyze the demand for Consumer IoT across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Connectivity of Consumer IoT are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Consumer IoT Market is witnessing significant growth in the near future.
In 2023, the Hardware segment accounted for noticeable share of global Consumer IoT Market and is projected to experience significant growth in the near future.
The Wired segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Cisco Systems, Honeywell International Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Component | Hardware, Software, Services |
Connectivity | Wired, Wireless |
Application | Consumer Electronics, Healthcare, Wearable Devices, Automotive, Others |
List of Competitors | Cisco Systems, Inc., Honeywell International Inc., Infineon Technologies, Intel Corporation, International Business Machines Corporation (IBM), Microsoft Corporation, NXP Semiconductors, Siemens AG, STMicroelectronics, TE Connectivity Ltd. |
This chapter will help you gain GLOBAL Market Analysis of Consumer IoT. Further deep in this chapter, you will be able to review Global Consumer IoT Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Connectivity Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Consumer IoT market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Hardware have a significant impact on Consumer IoT market? |
What are the key factors affecting the Hardware and Software of Consumer IoT Market? |
What is the CAGR/Growth Rate of Wired during the forecast period? |
By type, which segment accounted for largest share of the global Consumer IoT Market? |
Which region is expected to dominate the global Consumer IoT Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|
Published Report Editions
are Just a Tip of an Iceberg
Access the Complete Database of
Consumer IoT Market
Request Sample