Connected Devices Market Size, Share & Trends Analysis Report: By End use (Consumer,Enterprise,Industrial), By Raw Material, and Forecast till 2031

The "Connected Devices Market" has experienced impressive growth in recent years, expanding its market presence and product offerings. Its focus on research and development contributes to its success in the market.

Connected Devices Market Overview and Report Coverage

Connected devices refer to devices that are able to connect to other devices or networks to exchange data and perform various functions. These devices can include smartphones, tablets, smartwatches, smart home devices, and more.

The future outlook for the connected devices market is promising, with a projected growth rate of % during the forecasted period of 2024 to 2031. This growth can be attributed to the increasing demand for smart and connected devices, as well as advancements in technology such as the Internet of Things (IoT).

Current trends in the connected devices market include the rapid adoption of wearable devices, the rise of smart home automation, and the integration of artificial intelligence in connected devices. Additionally, the increasing focus on data security and privacy is also shaping the market landscape.

Overall, the connected devices market is expected to continue to grow, driven by technological advancements and increasing consumer demand for connected and smart devices. With the rise of IoT and the development of interconnected ecosystems, the connected devices market is set to expand and innovate in the coming years.

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Market Segmentation

The Connected Devices Market Analysis by Types is segmented into:

• Computing Devices
• Media Players
• Wearables
• Smartwatch
• Smart Band
• Smart Glasses
• Smart Clothing
• Wireless Printers
• Smart Meters
• Others

The connected devices market includes various types of products such as computing devices, media players, wearables (including smartwatches, smart bands, smart glasses, and smart clothing), wireless printers, smart meters, and other connected devices. Computing devices refer to laptops, tablets, and desktop computers that are connected to the internet. Media players allow users to stream content from the internet on their TV or other devices. Wearables are devices worn on the body that can track health and fitness data or provide notifications and alerts. Wireless printers allow users to print documents from their devices without the need for physical connections. Smart meters are devices that monitor energy usage in homes or businesses. Other connected devices may include smart home appliances, security cameras, and automotive technologies.

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The Connected Devices Market Industry Research by Application is segmented into:

• Consumer
• Enterprise
• Industrial

Connected devices have seen widespread adoption in consumer, enterprise, and industrial markets. In the consumer market, connected devices like smart home appliances and wearable technology offer convenience and personalized experiences. In the enterprise market, these devices improve efficiency and streamline operations through automation and data analytics. In the industrial market, IoT devices are utilized for predictive maintenance, asset tracking, and process optimization. Overall, connected devices have become integral in enhancing productivity and driving innovation across various sectors.

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In terms of Region, the Connected Devices Market available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The Connected Devices market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa is witnessing significant growth due to the increasing demand for smart homes, IoT devices, and industrial automation. Key players such as IBM, Google, Apple, Microsoft, and General Electric are dominating the market with their innovative products and solutions. The market opportunities in these regions are driven by the rising adoption of connected devices in various industries such as healthcare, manufacturing, and transportation. Factors such as technological advancements, government initiatives, and increasing consumer awareness are contributing to the growth of the market. Companies like LG Electronics, Samsung Electronics, and Siemens are also playing a crucial role in expanding the market by introducing new connected devices and solutions. Additionally, partnerships and collaborations with IoT platform providers such as PTC and Advantech are further fueling the market growth.

Connected Devices Market Emerging Trends

The global connected devices market is experiencing a shift towards the adoption of IoT (Internet of Things) technology, enabling devices to communicate and exchange data with each other. Emerging trends include the increasing demand for smart home devices, wearables, and connected cars. Current trends in the market include the rise of artificial intelligence and machine learning capabilities in connected devices, enabling more advanced automation and personalization. Additionally, there is a growing focus on cybersecurity and data privacy in connected devices to address concerns about data breaches and unauthorized access. Overall, the market is expected to continue to grow as more devices become interconnected and intelligent.

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Major Market Players

• IBM
• Google
• Apple
• Microsoft
• General Electric
• ABB
• LG Electronics
• Koninklijke Philips
• Hewlett Packard Enterprise
• Samsung Electronics
• Honeywell
• Sony
• HTC
• Vuzix
• Osterhout Design
• Schneider Electric
• Siemens
• Whirlpool
• AB Electrolux
• Oracle
• Advantech
• PTC
• Telit
• Wind River Systems
• Cumulocity

IBM is a key player in the connected devices market. The company offers IoT solutions that enable businesses to connect and manage their devices, analyze data, and integrate IoT data into their existing systems. IBM has a strong presence in various industries such as healthcare, manufacturing, and transportation.

Apple is another major player in the connected devices market, primarily known for its consumer electronic devices such as iPhones, iPads, and Apple Watches. The company has been expanding its IoT offerings with the introduction of HomeKit, which allows users to control smart home devices through their Apple devices.

Microsoft is also a key player in the connected devices market, offering a range of IoT solutions through its Azure IoT platform. The company has been focusing on providing end-to-end IoT solutions for businesses, with a strong emphasis on security and data analytics.

According to a report by MarketsandMarkets, the global connected devices market is expected to grow from $ billion in 2020 to $37.22 billion by 2025, at a CAGR of 13.4% during the forecast period. Some of the latest trends in the market include the integration of AI and machine learning in IoT devices, the rise of edge computing for real-time data processing, and the increasing adoption of 5G technology for faster connectivity.

In terms of sales revenue, companies like Google, Apple, and Samsung Electronics have reported significant revenues from their IoT and connected devices offerings. For example, Samsung Electronics reported a revenue of $43.73 billion from its IT & Mobile Communications segment, which includes sales from connected devices like smartphones, wearables, and smart home products. Apple reported a revenue of $78.36 billion from its products category, which includes sales from iPhones, iPads, and other connected devices.

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