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IoT sensors market 2015-2023

ReportBuyer’s IoT Sensors Market 2015-2023 report has predicted that growth in the global IoT sensors market will be strongly driven by a surge in demand for sensors in the automotive industry and Industrial Internet of Things (IIoT) market. The increasing demand for consumer electronics and smart devices will also be a significant contributing factor.

The report predicts that there will be a number of opportunities for the global IoT sensors market. One such opportunity is the increasing development of “smart cities” around the world. IoT sensors will need to be used in aspects such as smart meters, smart grids, intelligent traffic management systems and smart parking, among others.

Another opportunity could be found in technological advancements in the medical industry, say the analysts. They believe the use of IoT sensors could transform the industry by focusing on better patient care, lowering costs and increasing efficiency.

Regarding location, the analysts cite significant opportunity for the IoT sensors market in the Asia-Pacific, as well as the rest of the world. Increased competitiveness in the market has been linked to the emergence of new players in developing markets such as China, Japan, India, Australia, Russia and Brazil.

The report has listed the industry’s major players as Infineon Technologies (Germany), STMicroelectronics N.V. (Switzerland), IBM (US), Robert Bosch GmbH (Germany), Honeywell International (US), Ericsson (Sweden), InvenSense (US), Libelium (Spain), ARM Holdings (UK) and Digi International (US).

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