Expected rise in Iot infrastructure market

 


Over the forecast period, the Asia Pacific IoT infrastructure market is expected to rise significantly. The increased desire for smart cities in nations such as China, Singapore, India, and Malaysia is linked with the expansion. Increased use of connected devices, combined with significant investments in smart city infrastructure development, is fueling industry demand.

Since its inception, the Internet of Things has had an unparalleled impact on various enterprises. One of the most recent specialty verticals of the building construction and infrastructure development sphere, the IoT infrastructure industry, has earned the distinction of being included among the numerous IoT-influenced company domains. The expansion of the Internet of Things in infrastructure development has resulted in the establishment of smart homes and cities, which have been hailed as a 21st-century revolution. With the growing demand for connectivity to enable smart security, social monitoring, smart transportation, energy safety, smart metering, and efficient governance to improve consumer lifestyles, IoT infrastructure is becoming more important than ever. Estimates compiled in a recent IoT infrastructure market research report forecast this business space to have accumulated a valuation of close to USD 15 billion in 2016.

Global Consumer IoT (CIoT) Market - Industry Analysis and Forecast (2019-2026)
The rise of IoT in the home has resulted in a slew of changes in consumer lifestyles. IoT-enabled homes provide some of the biggest benefits for transforming a person's lifestyle in the city. Nest thermostats, Amazon Echoes, smart fridges, Google Home, Wink Relay and Controller, and other smart devices are examples. 

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