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Wireless Sensor Network Market To Achieve Significant Growth Fueled By Rise Of Internet Of Things

Press Release   •   Feb 15, 2017 16:17 IST

MarketResearchReports.biz announces the addition of a new research report, titled “Semiconductor Wireless Sensor Internet of Things (IoT): Market Shares, Strategies, and Forecasts, Worldwide, 2014 to 2020.” The 640-page publication, backed by 266 figures and tables, states that the global wireless sensor network market is anticipated to exhibit strong growth in the coming years thanks to the rising use of semiconductor wireless sensor networks in the implementation of the Internet of Things. These networks are also used to monitor oil wells, pipelines, and healthcare patients.

Semiconductor wireless sensor networks are used to implement smart grids, to monitor bridges, for security implementation, and to implement the Internet of Things. Given that almost anything can be monitored with the use of sensors and tracked on a smartphone, semiconductor wireless sensor networks are ideal for energy savings in commercial as well as residential buildings.

In 2014, the number of devices connected to the internet stood at 9 billion, which is likely to rise to 100 billion by 2020. This phenomenal growth in the number of internet-connected devices has resulted in the rise in business control devices, thereby fueling the demand for wireless sensor networks.

There has been an increasing demand from the users of massive amounts of data to be able to collect, control, manage, and secure only the necessary information gathered from sensors. This information needs to be transmitted onto the network after a thorough analysis. So the challenge is not the lack of data. Rather, the issue is trying to control the big data explosion and sift through most of the data to get to what is required.

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Thanks to advanced technologies in the field of wireless sensor networks, it is now possible to interconnect devices that have never before been connected. Players within the market are focused on the feasibility of the sensors to work independently in a group. Firms are also working on the development of advanced storage devices and energy harvesting devices that are feasible as well as economical.

The wireless sensor networks market is projected to be driven by the proliferation of apps on smartphones. The sensors can directly work on the smartphones because they are installed with no additional labor or wiring. This renders the systems more convenient to install and run.

The report includes a detailed evaluation of the competitive landscape of the wireless sensor networks market. It assesses the performance of some of the key players operating in the global market, such as LORD, Silicon Laboratories, Linear Technology / Dust Networks, Millennial Net, Renesas, Analog Devices, Semtech, Microsemi, and Texas Instruments / National Semi. Apart from this, the report also lists the key participants that contribute towards the growth of the wireless sensor networks market. These include Integrated Device Technology (IDT), Libelium, Dialog, Conexant Systems, Millennial Net, Texas Instruments, Mitsubishi Electric, Sensata Technologies, Rockwell Automation, Honeywell, Analog Devices, Semtech, Z-wave, Gemalto, Schneider Electric, IBM, Akamai, Zigbee, Invensys, Freescale Semiconductor, Fujitsu, Northrop Grumman, and OMRON.

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