MARKET INTRODUCTION

The increase in the adoption of wireless sensors across the globe and an increase in the popularity of cloud computing is driving the IoT communication protocol market. Around the world, governments have gradually been funding for the research and development of the IoT field. This support of the government for IoT applications is also propelling the growth of the IoT communication protocol market. Moreover, the increasing demand for smartphones and smart devices across the globe is anticipated to boost the IoT in the communication protocol market.

MARKET DYNAMICS

The expansion of Internet connectivity and mainstreaming of cloud computing are some of the significant factors driving the growth of the IoT communication protocol market. However, the lack of common communication standards across platforms is one of the major restraining factors for the growth of the IoT communication protocol market. Nevertheless, significant government funding across the globe for research and development of IoT is anticipated to create new opportunities for the IoT communication protocol market.

MARKET SCOPE

The "Global IoT Communication Protocol Market Analysis to 2028" is a specialized and in-depth study of the IoT communication protocol market with a special focus on the global market trend analysis. The report aims to provide an overview of IoT communication protocol market with detailed market segmentation by connectivity technology, application. The global IoT communication protocol market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading IoT communication protocol market players and offers key trends and opportunities in the IoT communication protocol market.

MARKET SEGMENTATION

The global IoT communication protocol market is segmented on the basis of connectivity technology, application. On the basis of connectivity technology, the market is segmented as Bluetooth, Zigbee, Wi-Fi, Cellular, NFC, GNSS, others. On the basis of applications, the market is segmented as building automation, consumer electronics, precision farming, healthcare and wearable devices, industrial, automotive and transportation, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global IoT communication protocol market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The IoT communication protocol market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting IoT communication protocol market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the IoT communication protocol market in these regions.

MARKET PLAYERS

The reports cover key developments in the IoT communication protocol market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from IoT communication protocol market are anticipated to lucrative growth opportunities in the future with the rising demand for IoT communication protocol market. Below mentioned is the list of few companies engaged in the IoT communication protocol market.

The report also includes the profiles of key IoT communication protocol market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

- Atmel Corporation
- Ceva, Inc.
- Enocean GmbH
- Gainspan Corporation
- Mediatek Inc.
- Mindtree Ltd.
- NXP Semiconductors N.V.
- STMicroelectronics N.V.
- Synopsys, Inc.
- Texas Instruments Inc.

The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.