Connected Device Market

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Connected Device Market for Consumer, Enterprise, and Industrial IoT Devices by Use Case, Device Type, Applications, and Industry Verticals 2022 – 2027

This connected device market report assesses the connected device ecosystem with analysis of smart and IoT connected device technologies, companies, and solutions for consumer, enterprise, and industrial markets.  The report evaluates technology enablers, market drivers, and provides a view into the future of connected devices.  It includes global, regional, country, and industry vertical forecasts as well as connected device market sizing by product, application, and device type from 2022 to 2027.



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    Description

    The connected device market is rapidly evolving as the number, type, and purpose of devices is set to expand dramatically as the Internet of Things (IoT) expands beyond the current state of limited applications, many of which remain silo in nature.  Over the course of the next five years, many IoT applications will become increasingly interconnected.  Some of these applications will be enhanced through communication with a smart device whereas others will rely upon intelligence from other sources and/or act merely in a deterministic manner.

    Connected Device Market Dynamics

    The number, type, and purpose of connected devices is rapidly expanding as the Internet of Things (IoT) evolves beyond the current state of limited applications, many of which remain isolated and purpose-built for a given use case, industry verticals, and companies. Over the course of the next five years, many IoT applications will become increasingly interconnected. Thanks to leading vendors such as SAS, the combination of AI and IoT (AIoT) will be leveraged to increase the overall intelligence of the connected device market.

    A “smart device” has some associated intelligence, which can be either embedded/stand-alone and/or provided remotely via cloud services. It is important to note that cloud services may be either centralized or distributed via Multi-access Edge Computing (MEC) infrastructure.  In contrast, an IoT device need not be smart, and in fact, many are relatively unintelligent devices that are typically single-purpose and rely upon intelligence to be provided elsewhere for data processing, analytics, analysis, and dispersal of actionable information. However, AIoT is a dominant trend that Mind Commerce sees reinforcing the connected device market via both distributed and centralized AI support for devices.

    As AIoT causes networks and systems to become increasingly more cognitive in nature, connected devices that previously acted in a purely deterministic manner will leverage AI for decision-making, which may occur locally via edge computing and/or centrally via core cloud computing. As part of this evolution, devices will also increasingly engage in peer-to-peer communications including signaling and data exchange. This will create both an opportunity and a challenge as the connected device market will need to rely upon the cybersecurity market for AI based solutions involving trust management.

    5G standardization is anticipated to provide marked improvements for the connected device market. For example, there are provisions for hybrid devices that have 5G IoT market needs that range between mMTC and eMBB and URLLC. For example, some devices will require relatively high availability and latency, but not to the degree of some critical applications that require full URLLC.

    Some of these same hybrid capability devices will also require some eMBB type functionality, such as relatively high reliability and latency for video. for example, the wearable technology market will have some devices in this category as some wearables will require relatively high bandwidth and battery life. In general, hybrid connected devices will be characterized as being more complex than mMTC devices, but less complex than eMBB or URLLC devices.

    Introduction of these reduced-capability devices into the connected device market will have an impact on network operations including device identification, authentication and authorization as networks must ensure that these devices are only used for the intended use cases. This is because these hybrid connected devices will have reduced capabilities such as fewer antennas, reduced control-channel monitoring, and other factors that may affect the QoS/QoE for various use cases.

    Accordingly, IoT authorization and authentication procedures will adjust to these changing requirements as some use cases will be prohibitive for reduced-capability devices, but on the other hand, these same hybrid devices will be able to perform any function a typical mMTC device can do and more.

    Connected Device Market Report

    This report assesses the connected device market segment including consumer, enterprise, and industrial devices with associated connected device market sizing from 2022 to 2027. It evaluates applications and solutions in each market segment for major industry verticals including agriculture, advertising and media, automobiles, energy management, healthcare, manufacturing, oil & gas, public safety, and telecommunications. People interested in the connected device market will also seek information and insights about the IoT device management market.

    Click Here for more Mind Commerce Device Reports

    Additional information

    Pages

    127

    Published

    2022

    Target Audience

    Application Developers, Cloud and Internet of Things Companies, Communications Component Providers, Communications Services Providers, Data Analytics Companies, Electronics Manufacturers, Embedded Computing Companies, IoT Service and Application Developers

    License Type

    , , ,

    Select Findings

    • The global market for IoT connected devices in the government sector will reach $47.8 billion by 2027
    • The global market for devices in support of Energy Management (Air conditioners, Temperature controllers, Smart lighting, Smart windows, etc.) will reach $8.2 billion 2027
    • The global market for Consumer Appliances (TV, Refrigerators, Washing Machines, Dishwashers, Microwaves, Cooking Appliances, Coffee machine, etc.) will reach $3.4 billion by 2027
    • The global market for devices in support of Government Security and Monitoring Equipment (CCTV, Cameras, etc.) and Structural Health Monitoring Devices will reach $7.3 billion by 2027
    • The global market for devices in support of Hospital Equipment (Mobile furniture, Monitoring and Diagnostic Equipment, Surgical tools, Pathology and Laboratory Equipment, Ambulance, etc.) will reach $4.8 billion by 2027

    Companies in Report

    • AB Electrolux
    • ABB Ltd.
    • Advantech Co. Ltd
    • Aeris Communication Inc.
    • Amplía Soluciones SL
    • Apple Inc.
    • ARM Limited
    • Cumulocity GmBH
    • Dell Technologies Inc.
    • General Electric Co.
    • Google Inc.
    • Hewlett Packard Enterprise (HPE)
    • Honeywell International Inc.
    • HTC Corporation
    • IBM Corporation
    • Koninklijke Philips N.V
    • Lenovo Group Ltd.
    • LG Electronics
    • Microsoft Corporation
    • Motorola Inc.
    • Nokia Corporation
    • Oracle Corporation
    • Osterhout Design Group (ODG)
    • PTC Corporation
    • Samsung Electronics Co Ltd.
    • Schneider Electric
    • Siemens AG
    • Smith Micro Software Inc.
    • Sony Corporation
    • Technicolor
    • Telit Communications PLC
    • Vuzix Corporation
    • Whirlpool Corporation
    • Wind River Systems Inc.
    • Xively

    Table of Contents

    1.0 Executive Summary
    2.0 Introduction
    2.1 Smart and IoT Connected Devices
    2.2 Smart Connected Devices
    2.2.1 Connected IoT Devices
    2.2.2 Smart Devices vs. Non-Smart IoT Connected Devices
    2.3 Connected Device Market Impact
    2.4 Growth Factors
    2.5 Market Challenges
    3.0 Smart and Connected IoT Device Ecosystem
    3.1 Connected IoT Device Systems
    3.2 Consumer IoT Connected Devices
    3.2.1 Enterprise IoT Connected Devices
    3.2.2 Industrial IoT Connected Devices
    3.2.3 IoT Software and Connected Applications
    3.3 IoT Device Management Technology and Solutions
    3.4 IoT Interoperability and Enabling Technology
    3.5 Cloud Deployment and Open Architecture Model
    3.6 Connected IoT Device Supply Chain
    3.7 Business Models and Strategies
    3.8 Machine Learning and other AI Solutions
    3.9 Smart Workplace and Automation Systems
    3.10 5G, MEC, and Connected IoT Applications
    4.0 Smart and Connected Device Technology Enablers
    4.1 Artificial Intelligence
    4.2 Broadband Wireless
    4.3 Computing (Centralized and Edge)
    4.4 Data Analytics
    4.5 IoT Convergence
    5.0 Smart and Connected IoT Device Market Drivers
    5.1 Consumer
    5.1.1 Localized Intelligence
    5.1.2 Autonomous Operation
    5.2 Enterprise
    5.2.1 Smart Workplace
    5.2.2 Smart Products
    5.2.3 Business Automation
    5.3 Industrial
    5.3.1 Industrial Evolution
    5.3.2 Industrial Convergence
    6.0 Global Markets for Connected Devices 2022 – 2027
    6.1 Connected Devices by IoT in Consumer, Enterprise, Industrial and Government Segments
    6.2 Connected Devices by Region 2022 – 2027
    7.0 Market for Connected Devices in Consumer IoT 2022 – 2027
    7.1 Global Market for Connected Devices in Consumer IoT 2022 – 2027
    7.2 Regional Markets for Connected Devices in Consumer IoT 2022 – 2027
    8.0 Market for Connected Devices in Enterprise IoT 2022 – 2027
    8.1 Global Market for Connected Devices in Enterprise IoT 2022 – 2027
    8.2 Regional Markets for Connected Devices in Enterprise IoT 2022 – 2027
    9.0 Market for Connected Devices in Industrial IoT 2022 – 2027
    9.1 Global Market for Connected Devices in Industrial IoT 2022 – 2027
    9.2 Regional Markets for Connected Devices in Industrial IoT 2022 – 2027
    10.0 Market for Connected Devices in Government IoT 2022 – 2027
    10.1 Global Market for Connected Devices in Government IoT 2022 – 2027
    10.2 Regional Markets for Connected Devices in Government IoT 2022 – 2027
    11.0 Company Analysis
    11.1 Select Strategies Initiatives
    11.2 IBM Corporation
    11.3 Google Inc.
    11.4 Apple Inc.
    11.5 Microsoft Corporation
    11.6 General Electric
    11.7 ABB Ltd.
    11.8 LG Electronics
    11.9 Koninklijke Philips N.V
    11.10 Hewlett Packard Enterprise
    11.11 Samsung Electronics Co Ltd.
    11.12 Honeywell International Inc.
    11.13 Sony Corporation
    11.14 HTC Corporation
    11.15 Vuzix Corporation
    11.16 Schneider Electric
    11.17 Siemens AG
    11.18 Whirlpool Corporation
    11.19 AB Electrolux
    11.20 Oracle Corporation
    11.21 Advantech Co. Ltd
    11.22 PTC Corporation
    11.23 Telit Communications PLC
    11.24 Wind River Systems Inc.
    11.25 Cumulocity GmBH (Software AG)
    11.26 Amplía Soluciones SL
    11.27 Nokia Corporation
    11.28 Dell Technologies Inc.
    11.29 ARM Limited (NVidia)
    11.30 Aeris Communication Inc.
    11.31 Smith Micro Software Inc.
    11.32 Xively (Google)
    11.33 Motorola Inc.
    11.34 Lenovo Group Ltd.
    11.35 Technicolor
    12.0 Future of Smart and Connected Devices
    12.1 Ubiquitous Distribution and Presence
    12.2 Localized Intelligence and Computing
    12.3 Autonomous Decision-Making and Actions
    12.3.1 Consumer Market
    12.3.2 Enterprise Market
    12.3.3 Industrial Market
    13.0 Conclusions and Recommendations

    Figures

    Figure 1: Smart First Level Connected Device
    Figure 2: Connected IoT Device System
    Figure 3: Consumer IoT Connected Device Ecosystem
    Figure 4: Enterprise IoT Connected Device Ecosystem
    Figure 5: Industrial IoT Connected Device Ecosystem
    Figure 6: Architecture Reference Model for IoT
    Figure 7: Architecture Reference Model for IoT
    Figure 8: Awareness, Action, and Automation Cycle
    Figure 9: Global Connected Device Market 2022 – 2027
    Figure 10: Global Connected IoT Device Market by Segment 2022 – 2027
    Figure 11: Global Market Revenue for Connected Devices by Type of IoT 2022 – 2027
    Figure 12: Connected Devices by Region 2022 – 2027
    Figure 13: Connected Device Revenue by Region 2022 – 2027
    Figure 14: IoT Mediation

    Tables

    Table 1: Global Connected Device Market 2022 – 2027
    Table 2: Global Connected IoT Device by Market Segment 2022 – 2027
    Table 3: Global Market Revenue for Connected Devices by Type of IoT 2022 – 2027
    Table 4: Connected Devices by Region 2022 – 2027
    Table 5: Connected Device Revenue by Region 2022 – 2027
    Table 6: Connected Devices in Consumer IoT 2022 – 2027
    Table 7: Connected Device Revenue in Consumer IoT 2022 – 2027
    Table 8: Connected Devices in Consumer IoT by Region 2022 – 2027
    Table 9: Connected Device Revenue in Consumer IoT by Region 2022 – 2027
    Table 10: Connected Devices in Enterprise IoT 2022 – 2027
    Table 11: Connected Device Revenue in Enterprise IoT 2022 – 2027
    Table 12: Connected Devices in Enterprise IoT by Region 2022 – 2027
    Table 13: Connected Device Revenue in Enterprise IoT by Region 2022 – 2027
    Table 14: Connected Devices in Industrial IoT 2022 – 2027
    Table 15: Connected Device Revenue in Industrial IoT 2022 – 2027
    Table 16: Connected Devices in Industrial IoT by Region 2022 – 2027
    Table 17: Connected Device Revenue in Industrial IoT by Region 2022 – 2027
    Table 18: Connected Devices in Government IoT 2022 – 2027
    Table 19: Connected Device Revenue in Government IoT 2022 – 2027
    Table 20: Connected Devices in Government IoT by Region 2022 – 2027
    Table 21: Connected Device Revenue in Government IoT by Region 2022 – 2027

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