Consumer IoT Market by Offering , Technology , End-Use Application, End User, and Geogr... - 0 views
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aado lfst01 on 08 Jan 19Consumer preference for increased convenience and better lifestyle drives overall consumer IoT market The Consumer IoT Market is estimated to be USD 46.8 billion by 2018 and is projected to reach USD 104.4 billion by 2023, at a CAGR of 17.39%. The growth of the consumer IoT market can be attributed to the growing number of internet users and adoption of smart devices, increasing awareness about fitness and rise in disposable incomes in developing economies, consumer preference for increased convenience and better lifestyle, increasing significance of home monitoring from remote locations, and government regulations for security of IoT devices. The breach in data security and data privacy is the major restraint for the market.