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Mobile Connected Smart Objects Market to Register a Strong Growth By 2026 - Persistence Market Research

Press Release   •   Feb 07, 2017 01:07 EST

Advancements in the cloud-based software, IoT and low power sensors have made mobile connected smart objects one of the fastest growing market. It is excepted that majority of the households in future to include smart objects which includes toys, consumer appliances, sports equipment, lights, fans, medicinal gadgets which can be controlled remotely by smartphone or tablet.

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Smart objects are used to send and receive data which enhance the interaction between humans as well as with other smart objects by a well-defined internet interfaces. Smartphones connected with these smart objects with a mobile application platform act as remote control for displaying and analyzing information and also interface with the social networks to monitor the things. Smart objects are created by embedding electronic tags such as RFID or sensor into non-smart physical objects and can be remotely synced with a smartphone by using protocols like Bluetooth and Wi-Fi.

Increase in high speed network connections and global demand for smartphone and tablets are the key market drivers for mobile connected smart objects.

Innovation in technology in the field of wireless technologies like Wi-Fi, WI-Max, GPRS, and Bluetooth is expected to drive the mobile connected smart objects market.

The Mobile connected smart objects market is also majorly driven by the increased awareness and the trend among the manufacturers as well as the consumers regarding the benefits of using mobile connected smart devices.

Mobile connected smart objects market is segmented into type of connectivity, vertical and region.

On the basis of type of connectivity mobile connected smart objects market is be segmented into direct connectivity and indirect connectivity where direct connected device are like machine to machine connectivity and indirect connectivity device include like objects with electronic IDs and wearable’s & gadgets etc.

The Mobile connected smart objects market is be segmented into vertical such as media and entertainment sector, healthcare sector, transportation, manufacturing sector, retail sector, IT & Telecom sector, energy & utilities.

On basis of region Mobile connected smart objects market is segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East and Africa (MEA), Asia Pacific Excluding Japan (APEJ) and Japan.

At present, North America is dominating the market in terms of revenue contribution share followed by Europe. Among all the regions, Asia-pacific is expected to create huge market opportunity for major players operating in the Mobile connected smart objects market during the forecast period.

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The major players active in Mobile-connected smart objects market include Google, Samsung, General Electric, Bosch, Belkin, Insteon, Honeywell, Sony Corporation, Xiaomi and Philips

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