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Global IoT Sensors Market: Opportunities Abound in North America and Europe for Vendors

Press release Description

Albany, New York, April 16, 2018: A new research report titled “Global Market Study on IoT Sensors: Industrial IoT to Remain Most Lucrative Application Type During 2017 – 2026” has been added to the comprehensive repository of Market Research Reports Search Engine (MRRSE). According to the report, the global IoT sensors market is likely to grow at 12.7% CAGR during the assessment period, and rake in nearly US$ 9.9 Bn in revenues by the end of the forecast period.

According to the report, global demand for IoT sensors is likely to be influenced by its wide ranging applications across various industries. IoT sensors are not restricted to a particular industry, and are used across automotive, manufacturing, smart cities, railways, and healthcare. On account of these factors, the global IoT sensors market is likely to grow at a steady pace during the assessment period.

The report offers holistic analysis and insights on the global IoT sensors market, highlighting the drivers, restraints, opportunities, and threats impacting this landscape. These factors are studied in detail, and their likely impact on the market has been studied. The report tracks the market for the historical period 2012-2016, and offers a transparent and accurate assessment for the period 2017-2026.

According to the report, end-users around the globe have a thorough understanding on the benefits of incorporating IoT sensors in their operations. Although the initial cost of including these components is high, end-users are looking at this as a long-term investment. The positive perception towards IoT sensors in terms of their impact on boosting operational efficiency and improving the ROI are likely to fuel market growth during the assessment period.

The report also studies the market on the basis of regions, offering insights and analysis in North America, Latin America, Asia Pacific excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. According to the report, North America is one of the largest markets for IoT sensors globally. The market in North America will continue to be dominated by the US, while Canada is likely to account for a miniscule share of the market. In addition to North America, Europe is another lucrative market for IoT sensors globally. The focus on smart cities in Europe is likely to provide an impetus to the IoT sensors market during the assessment period.

The report also studies the business and product strategies of some of the leading players in the market. Some of the key players profiled in the report include Arm Holdings PLC., Sciencesoft USA Corporation, NXP Semiconductors N.V., Stmicroelectronics N.V., Xinapse Systems Ltd., Texas Instruments Incorporated, Infineon Technologies AG, Robert Bosch GmbH, Toshiba Medical Systems Corporation, Te Connectivity Ltd., Broadcom Limited (Avago) Mirada Medical Limited, Analog Devices, Inc., Siemens Healthineers, and Invensense, Inc.

Browse Full Global IoT Sensors Market Report with TOC :

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