The report “Global Sensors in Internet of Things (IoT) Devices Market, Analysis & Forecast: 2016 to 2022; (Focus on Pressure, Temperature, Light, Chemical, & Motion Sensors; and Applications in Healthcare, Manufacturing, Retail, & Transportation)”, available on MarketIntelReports, estimatesthat North America will continue to hang to its market leadership status till the end of the forecast period.
Browse numerous Market Tables as well as Figures which are spread through 187 Pages and an in-depth TOC on the “Sensors in Internet of Things Devices Market 2016 – 2022” http://www.marketintelreports.com/report/bis0011/global-sensors-in-internet-of-things-iot-devices-market-analysis–forecast-2016-to-2022-focus-on-pressure-temperature-light-chemical–motion-sensors-and-applications-in-healthcare-manufacturing-retail–transportation
Scope & Regional Forecast of the Sensors in Internet of Things Devices Market
Internet of Things (IoT) is an emerging technology which is on the path of rapid developmental growth. Automobiles, goods & services, sensors, consumer durables and industry & utility components among others are now aligned with the internet and data analytic capabilities which is transforming the way people work, live and think. By 2025, it is being projected that more than 100 billion of Internet of Things (IoT) connected devices will be installed which will generate a revenue of close to $10 trillion.
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Sensors market in Internet of Things (IoT) connected devices is showing a dynamic growth rate in the forecast period. The main reasons or factors that drive the magnificent growth in this market are: price, capability and size. As the price of sensors is showing a constant decline, their demand has been extensively increasing in all the major verticals including healthcare, transportation, retail and manufacturing among others. Over the years, well known market players are showing their interest in sensors market in Internet of Things (IoT) connected devices. Players like Google, IBM, Samsung, HTC, Qualcomm, and Bosch among others are investing a large extent in Internet of Things (IoT) sensors market in order to innovate their products as well as to capture the major market share. However, even with such enormous growth, Internet of Things (IoT) sensor market is facing a lot of challenges which are as follows: trust & privacy issues, resorting to lower standards due to cut throat competition and security concerns among others.
The U.S. generated the maximum amount of revenue in the year 2015 in the global IoT sensors industry as compared to other countries, whereas India is expected to have the maximum potential to grow in the forecast period. The U.S has always been on the forefront of the world map when it comes to technological advancement. While profiling major companies it has been found out that most of the renowned companies are US based, giving significant impetus to the growth of this market in the US as well as the whole of North America.
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Prominent Segmentations Involved in the Sensors in Internet of Things Devices Market
The Sensors in Internet of Things Devices Market can be broken down into various segmentations on the basis of –
Some of the sample companies profiled in the Sensors in Internet of Things Devices Market report are as follows:
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