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Global IoT Communication Protocol Market Trends, Analysis, And
Forecast To 2025
IoT Communication Protocol is highly diversified and competitive with market players that include start-
up firms and mid-tier companies and as well as top-tier. With the rate of propagation of wireless sensors,
rise in the adoption adoption rate of emerging technologies, and mainstreaming many of the smart
consumer applications. The IoT technology has become the most popular concept across all the domains,
such as healthcare, automotive, and consumer electronics among others.
The global IoT communication protocol market has be categorized into connectivity technology, end-
users and regions. Based on the connectivity technology the market has been segmented into Wi-Fi,
ZigBee, Bluetooth, Smart bluetooth, Ant+, Near Field Connectivity, EnOcean among others. On the basis of
end-user the market has be bifurcated into wearable devices, automotive & Transportation, healthcare,
building automation, consumer electronics, precision farming and industrial.
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The major factors driving the IoT communication protocol market are the rapid growth in demand for the
smartphones and various connectivity devices globally, development of internet connectivity, progress in
the usage of low power wide area networks and wireless sensors across the world and cloud computing
gaining the market. Absence of a common communication standards across the world and the high power
consumption and the frequent repalcements of the battries bythe connected devices are the major factors
that may hamper the growth of the market in the near future. Additionally the government support and
the significant spending across the globe for research and development of IoT and various growth
opportunities for the innovative cross domain applications are major growth opportunities for the IoT
communication protocol market players.
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Geographically, the IoT Communication Protocol market has been bifrucated into five regions North
America, Europe, Asia Pacific, Middle East & Africa and Latin America. The IoT Communication Protocol
market size and forecast period for each region has been estmated from 2017 to 2023. Additionally the
CAGR (%) for the forecasted period 2017 to 2023. The study also includes market estimates for major
countries/regions such as the U.S, the U.K., Germany, France, Japan, China, India, GCC, North Africa, South
Africa and Brazil. The detailed analysis by connectivity technology, end-users, and smart applications and
regions supports in evaluating the present scenario, growth prospects and the future scenario for the IoT
Communication Protocol market over the forecast period. Thus, the report delivers in-depth segment
analysis of the market and classifies it into various industries, thereby providing valuable perceptions.
The growth of internet connectivity in the IoT Communication Protocol is anticipated to drive the APAC
market for IoT Communication Protocol in the future years. The major companies that providing IoT
Communication Protocol include Synopsys, Inc., Ceva, Inc., Stmicroelectronics N.V., NXP Semiconductors
N.V., Texas instruments, Inc., Ecocean GmbH, Mediatek Inc., Gainspan Corporation, Mindtree Ltd, and
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