Consumer Internet of Things (CIoT) is a new service that creates better experiences for users by connecting them to their devices and giving them options for how to use their data. CIoT improves the customer experience through the next generation of IoT technologies that use cutting-edge data management tools and analytics capabilities.
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Global consumer internet of things (CIoT) industry will reach $ 346.690.1 Billion by 2031, growing by 16.4% annually over 2022-2031, driven by the increasing in efficiency of CIoT products and services, rising internet penetration, increasing disposable income, surging consumer preference for convenience and better lifestyle, increasing adoption of smart and multimedia devices, and the growing government regulations for the security of IoT devices.
Consumer Internet of Things (CIoT) can improve users' lives in several ways, including:
Convenience: CIoT devices can make daily tasks easier and more efficient. For example, smart home devices can automate tasks such as turning off lights, adjusting thermostats, and locking doors, reducing the need for manual intervention.
Personalization: CIoT devices can learn users' habits and preferences and personalize the user experience. For example, smart speakers can suggest music playlists based on a user's listening history.
Improved Safety: CIoT devices can enhance safety and security by monitoring users' homes, cars, and other spaces for unusual activity and alerting them of potential hazards. For example, smoke detectors can alert users of potential fires, and security cameras can notify users of suspicious activity.
Health and Wellness: CIoT devices can promote health and wellness by tracking users' fitness goals, monitoring their sleep patterns, and reminding them to take medications.
Cost Savings: CIoT devices can help users save money by reducing energy consumption and other costs. For example, smart thermostats can adjust temperatures based on users' preferences and schedules, saving users money on their energy bills.
Overall, Consumer Internet of Things (CIoT) devices offer a range of benefits that can improve users' lives in numerous ways. From convenience and personalization to safety and cost savings, CIoT devices have the potential to revolutionize the way we live.
Based on Offering, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.
• Hardware
o Network Infrastructure (Server, Storage, Gateway, Ethernet Switch and Routing)
o Node Components (Processors, Sensors, Connectivity IC, Memory Devices, Logic Devices)
• Solutions
o Software
o Platform
• Services
o Professional Services
o Managed Services
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
- Amazon, Inc.
- Apple Inc.
- Cisco Systems, Inc.
- General Electric (GE) Co.
- Hewlett Packard Enterprise Development LP
- Honeywell International Inc.
- Intel Corporation
- International Business Machines Corporation (IBM)
- Microsoft Corporation
- NXP Semiconductors N.V.
- Qualcomm Technologies Inc.
- STMicroelectronics
- TE Connectivity Ltd.
- Texas Instruments Incorporated
