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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


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

Atmel Corporation.

If you have any special requirements, please let us know and we will offer you the report as you want.

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