Iot Communication Protocol Market

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.

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.

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 to 2022 to 2032. Additionally the CAGR (%) for the forecasted period 2023 to 2032. 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 Atmel Corporation.

Segmentation:

By Connectivity Technology

• Wi-fi, Zigbee
• Bluetooth
• Smart Bluetooth
• Ant+
• Near Field Connectivity
• Enocean

By End-user 

• Wearable Devices
• Automotive & Transportation
• Healthcare
• Building Automation
• Consumer Electronics
• Precision Farming
• Industrial

By geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa