New research report says Asia-Pacific will occupy more share of the connected devices market in the following years, especially in China, and also in India and Southeast Asia regions
Over the course of the next five years, many Internet of Things (IoT) applications will become increasingly interconnected. Some of these applications will be enhanced through communication with a smart device.
These are the predictions made by Garner Insights, a Market Intelligence and consulting firm, in its new report.
The report noted that the advent of the Open Wi-Fi Movement will spur growth in this market during the estimated period. OpenWireless.org is a cyber activist group that seeks to increase internet access by encouraging people and organizations to share their unused data by installing software that will transform their wireless router into a wireless access point.
According to Garner Insights, the adoption of this initiative is likely to reduce connectivity-related issues across the globe and result in the increased adoption of connected devices during the predicted period.
The firm’s market analysts predicted that Asia-Pacific will occupy more market share in the following years, especially in China, and also in India and Southeast Asia regions.
North America, especially the United States, will still play an important role as any changes from the region might affect the development trend of connected devices, the report said.
Top players in the market, including IBM, Google, Apple, Microsoft, General Electric, ABB, LG Electronics, Koninklijke Philips, Hewlett Packard Enterprise and Samsung Electronics, were analysed in the report. .
‘Smart connected devices market is accelerating’
A report by Market Research Future also revealed that the smart connected devices market is not just growing, but it is accelerating.
The report cited growing demand for smartphones, tablets and other smart devices as one of the major factors driving the market growth.
Increasing demand for mobile smart connected devices is expected to drive the growth of the global smart connected devices market. And Asia Pacific is projected to grow at the fastest rate during the 2018-2023 period.