Smart Connected Devices Market Demand, Rising Trends and Technology Advancements 2024 to 2033

Comments · 82 Views

Smart Connected Devices Market Demand, Rising Trends and Technology Advancements 2024 to 2033

Market Overview

According to MRFR analysis, the  global smart connected devices market is expected  to register a substantial CAGR from 2020 to 2027 and maintain significant value until 2027. 

The market for smart connected devices is not only growing but also gaining popularity and advancing rapidly. These types of devices have built-in sensors and can connect to the internet, which allows data to be exchanged. The target audience increasingly demands connected smart devices and sensor networks for energy efficiency, which is supported by technological advancements. This is due to the ease and comfort that these solutions offer on a large scale. In turn, this provides promising returns for global market operations. The outbreak of the COVID-19 pandemic has resulted in different trends and new approaches in the global market. People are opting for healthier lifestyles and staying at home more to prioritize their health. Technology has played a huge role in helping people cope with the loss of time and resources due to the pandemic by making things easier and more convenient.

Market segmentation:

The global smart connected devices market has been segmented into modules and industries.

Based on module, the market has been segmented into Hardware, software and APM platform, and Service. The APM software and platform segment is expected to grow in the smart connected devices market due to the growing demand for connected devices. The APM software and platform allows developers to create applications that can be used across multiple connected devices. 

Based on Industry, the market has been segmented into Automotive & Transportation, Power & Energy, Healthcare, Smart Agriculture, Factory Automation, and others (Metal & Mining, Food & Beverage, and Textile). The healthcare segment is expected to grow due to the increasing adoption of connected devices in the healthcare sector. Connected devices are used in a variety of applications, such as disease management, remote patient monitoring, and healthcare analytics. They help reduce the cost of healthcare by improving the quality of care and increasing the efficiency of the healthcare system. Demand for connected devices is expected to increase in the coming years due to the growing aging population and the increasing prevalence of chronic diseases.

Ask us to get your sample PDF report at  https://www.marketresearchfuture.com/sample_request/5668       

Key Players:

Some of the major players in the market are Sony Corporation (Japan), Samsung Electronics Co. (South Korea), Motorola Solutions Inc. (US), Nokia Networks (Finland), LG Corporation (South Korea), Hewlett-Packard (US ). ), HTC Corporation (Taiwan), Apple Inc. (US), Dell Inc. (US), Gionee Communication Equipment Co. Ltd (China), Micromax Informatics (India), Videocon Industries Ltd. Taiwan), Lenovo Group Ltd. ( Hong Kong), Blackberry Ltd. (Canada) and ZTE Corporation (China).

Introduction:

The demand for powerful and compact computing solutions has been steadily increasing across industries, from aerospace and defense to telecommunications and industrial automation. One of the main technologies enabling this transformation is the Single Board Computer (SBC) VPX (VITA 46).

The growing popularity of VPX SBCs:

In our rapidly evolving digital age, connected smart devices have become an integral part of our lives. These devices, which include smartphones, smart TVs, wearables and more, have revolutionized the way we interact, communicate and carry out daily activities. The smart connected devices market has witnessed exponential growth and its potential for further advancement is immense.

  1. Increased Internet Connectivity and Penetration:

The proliferation of high-speed internet connectivity has played a vital role in the widespread adoption of smart connected devices. With the advent of 5G technology, seamless connectivity is becoming more affordable and accessible, leading to greater usage and functionality of devices. As a result, consumers can now enjoy faster data transfer, improved video streaming quality, and overall improved user experiences. This increase in connectivity is expected to propel the smart connected devices market to new heights.

  1. Integration of Internet of Things (IoT) and Artificial Intelligence (AI):

The integration of IoT and AI technologies has significantly expanded the capabilities of connected smart devices. These devices can now collect, analyze and interpret large amounts of data, allowing them to offer personalized services, automate routine tasks and improve decision-making processes. The fusion of IoT and AI has also led to the development of smart homes, smart healthcare solutions and smart cities, transforming our everyday lives and promoting efficiency and sustainability.

  1. Improved User Experience and Convenience:

Smart connected devices have revolutionized the way we interact with technology. With intuitive user interfaces, voice assistants and gesture recognition, these devices provide an intuitive and seamless user experience. From controlling home appliances with a simple voice command to monitoring health and fitness activities through wearables, the convenience and comfort offered by connected smart devices have made them indispensable in our modern lives.

  1. Growing Demand for Wearable Devices:

Wearable devices have gained significant popularity in recent years, driven by the increasing focus on health and fitness. Fitness trackers, smartwatches, and health monitoring devices have become essential companions for health-conscious individuals. These devices can track steps, monitor heart rate, analyze sleep patterns, and even offer personalized exercise suggestions. With advances in sensor technology and AI algorithms, wearables are poised to become even more sophisticated, serving a wide range of applications in health, sports and wellness.

  1. Expansion of e-commerce and digital entertainment:

The growth of e-commerce and digital entertainment platforms has had a direct impact on the demand for smart connected devices. Consumers now prefer to shop online, stream movies and enjoy immersive gaming experiences on their smartphones, tablets or smart TVs. As the e-commerce industry continues to expand and content consumption shifts to digital platforms, demand for smart connected devices with larger displays, high-resolution displays and powerful processors is expected to increase.

Browse the detailed report at - https://www.marketresearchfuture.com/reports/smart-connected-devices-market-5668

Related reports

System On Chip (SoC) Market Research Report – Global Forecast to 2030 – https://www.openpr.com/news/3425198/system-on-chip-soc-market-size-share-demand-supply-risk

Mobile Power Bank Market Research Report - Global Forecast to 2030 - https://www.openpr.com/news/3425210/mobile-power-bank-market-potential-size-key-performance

Conclusion:

The smart connected devices market has witnessed remarkable growth, driven by increasing connectivity, advancements in technology and changing consumer preferences. These devices have transformed the way we live, work and interact with the world around us. As IoT, AI and 5G technologies continue to evolve, the future of smart connected devices looks promising. From smart homes and cities to personalized healthcare solutions, the potential applications are vast and diverse. Embracing this digital revolution and harnessing the power of connected smart devices will undoubtedly shape a more connected, intelligent and convenient future.

Comments