The IoT Communication Protocol Market is expected to grow from USD 13.9 billion in 2020 to USD 18.8 billion by 2026 at a CAGR of 4.4% from 2020 to 2026.
Internet of Things (IoT) includes smart devices which communicate with each other. It allows the devices to gather and data. Moreover, IoT has a wide array of life applications such as transportation, healthcare, logistics, social gaming robot, and city information. As far as the wireless IoT is the key concern, various wireless communication technologies and protocols can be utilized to connect the smart device such as Internet Protocol Version 6 (IPv6), over Low power Wireless Personal Area Networks (6LoWPAN), Bluetooth Low Energy (BLE), ZigBee, Z-Wave and Near Field Communication (NFC). Few of the factors compelling the global IoT communication protocol are high adoption of wireless sensors and rising popularity of cloud computing. Another key factor favoring the growth of the global IoT communication protocol market is the initiatives by the government. Across the world, governments have been highly funding for the research and development of the IoT domain. This initiative from the government has been a significant factor for expanding the scope of the IoT communication protocol market. Moreover, the significant funding from governments across the world has resulted in innovative cross-domain applications of IoT and has enormously benefitted the growth of this industry and thus, IoT is now considerably penetrating across industries. It is projected that the future will see higher adoption of IoT among verticals followed by the easy availability of high speed internet and rising popularity of wearable devices. Furthermore, the IoT communication protocol market has been witnessing enormous growth in the recent years owing to rising popularity of Internet of Things and the growing adoption of smart watches and activity trackers in consumer markets. Constant surge in demand for smartphones and other connectivity devices and rising demand for cloud computing is likely to accelerate the market in near term. Apart from this, the dearth of common communication standards among platforms and constant replacement of batteries and huge power consumption by connected devices are the key factors impeding the market growth.
In addition to this, the growth in use of wireless sensors and low-power wide-area network is further projected to boost the market growth. Huge government funding across world for Internet of Things and rising adoption of wearable devices in various application areas such as healthcare, industrial and military is anticipated to create lucrative opportunities for the companies operating in global IoT communication protocol market.
The global IoT Communication Protocol Market is segregated on the basis of Connectivity Technology as Bluetooth, WiFi, Zigbee and Bluetooth. Based on End Use Application the global IoT Communication Protocol Market is segmented in Consumer Electronics, Automotive & Transportation, Building Automation and Healthcare.
The global IoT Communication Protocol Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The IoT Communication Protocol Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
NXP Semiconductors, STMicroelectronics, Texas Instruments, Mediatek, Gainspan Corporation and others are among the major players in the global IoT Communication Protocol Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global IoT Communication Protocol Market has been segmented as below:
IoT Communication Protocol Market, By Connectivity Technology
IoT Communication Protocol Market, By End Use Application
IoT Communication Protocol Market, By Region
IoT Communication Protocol Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global IoT Communication Protocol Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global IoT Communication Protocol Market share. Major industry players with significant revenue share include NXP Semiconductors, STMicroelectronics, Texas Instruments, Mediatek, Gainspan Corporation and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. IoT Communication Protocol Market, By Connectivity Technology
5.1. Key Points
5.2. Bluetooth
5.3. WiFi
5.4. Zigbee
5.5. Bluetooth
6. IoT Communication Protocol Market, By End Use Application
6.1. Key Points
6.2. Consumer Electronics
6.3. Automotive & Transportation
6.4. Building Automation
6.5. Healthcare
7. Competitive Landscape
7.1. Introduction
7.2. Start-up companies- IoT Communication Protocol Market
7.3. Recent Developments
7.3.1. Mergers & Acquisitions
7.3.2. New Product Developments
7.3.3. Portfolio/Production Capacity Expansions
7.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
7.3.5. Others
8. Company Profile
8.1. NXP Semiconductors
8.2. STMicroelectronics
8.3. Texas Instruments
8.4. Mediatek
8.5. Gainspan Corporation
8.6. Synopsys
8.7. Microchip (Atmel)
8.8. Enocean
8.9. Mindtree
8.10. Ceva
8.11. Atmel Corporation
IoT Communication Protocol Market, By Connectivity Technology
IoT Communication Protocol Market, By End Use Application
IoT Communication Protocol Market, By Company