The growth of this market is propelled by the development of cheaper, smarter, and smaller sensors; expanding market for smart and wearable devices; increasing need for real-time computing of applications; and surge in demand for IoT sensors for various applications such as sensing, recognition, and interpretation.
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However, factors such as rising concerns regarding security and privacy of network platforms and lack of standardization of protocols for devices to be able to communicate with each other, share data, or form an intelligent network act as restraints for the growth of the wireless sensor networks market.
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Wireless sensor network market is expected to grow at a CAGR of +18% between 2017 and 2021
Intel Corporation (US), ABB Ltd. (Switzerland), Texas Instruments Inc.
(US), Huawei Investment & Holding Co., Ltd.
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(China), Cisco Systems Inc. (US), STMicroelectronics N.V. (Netherlands), TE Connectivity Ltd. (Switzerland), NXP Semiconductor N.V. (Netherlands), Dell Inc. (US), Hewlett Packard Enterprise Company (US), Robert Bosch GmbH (Germany), Advantech Co., Ltd. (Taiwan), Honeywell International Inc. (US), Broadcom Limited (US), Infineon Technologies AG (Germany), Emerson Electric Company (US), Analog Devices Inc. (US), Eurotech S.p.A (Italy), Invensense Inc. (US), and Sensirion AG (Switzerland).
Some of the important start-ups in the market are SmartThings Inc. (US), Episensor Ltd. (Ireland), Notion (US), Helium Systems Inc. (US), and Beep Inc. (US).
This wireless sensor network market, in this report has been segmented on the basis of offering, sensor type, connectivity type, end-user industry, and region. On the basis of offering, the wireless sensor network market has been segmented into hardware, software, services.
The software components of WSNs include platforms and solutions that are vital for applications such data collection or remote monitoring. Software solutions are designed to meet the interoperability challenges that arise due to varied heterogeneous devices, and to manage a large volume of data and their security and privacy.
Factors such as increasing number of connected devices and rising need for remote monitoring have led to the growing adoption of software solutions.
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Further, the key geographical segments of the global Wireless Sensors market have been discussed in the research study. The key factors that are boosting the growth of the key segments have been offered in the study.
A detailed study of the competitive landscape of the global Wireless Sensors market have been given, presenting insights into the company profiles, financial status, recent developments, mergers and acquisitions, and the SWOT analysis. This research will give a clear idea to the readers about the overall market scenario to further decide on this market project.
Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Wireless Sensors market.
It also estimates the bargaining power of suppliers and buyers, threat from new entrants and product substitute, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report.
It studies the Wireless Sensors market’s trajectory between forecast periods.
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