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| Market size in 2024 | US$ 128.76 billion |
Forecast Market size by 2030 | US$ 297.83 billion |
|---|---|---|---|
| Growth Rate | CAGR of 15.0% | Number of Pages | 125 Pages |
The global Consumer Internet of Things (CIoT) market size was valued at US$ 128.76 billion in 2024 and is projected to reach US$ 297.83 billion by 2030, at a CAGR of 15.0% during the forecast period 2024-2030.
The United States Consumer Internet of Things (CIoT) market size was valued at US$ 42.34 billion in 2024 and is projected US$ 93.75 billion by 2030, at a CAGR of 14.2% during the forecast period 2024-2030.
The Consumer Internet of Things (CIoT) refers to the network of consumer devices and appliances connected to the internet, enabling data exchange and remote control to enhance functionality and user experience.
The global Consumer Internet of Things (CIoT) market is experiencing explosive growth, driven by increasing smart home adoption and advancements in AI and 5G technologies. In 2023, the number of connected CIoT devices reached 25 billion globally, with smart home devices accounting for 35% of the market value. The market saw a 40% increase in sales of voice-controlled devices in 2023, reflecting the growing popularity of virtual assistants. Wearable technology is the fastest-growing segment at 18% annually.
North America leads with a 35% market share, while Asia Pacific is the fastest-growing region at 16.5% CAGR. The industry is focusing on developing interoperable ecosystems, with a 50% increase in R&D investments for standardized communication protocols and seamless device integration. Security and privacy concerns remain significant, with a 30% increase in cybersecurity spending for CIoT devices in 2023.
Report Overview
Consumer IoT or CIoT refers to the Internet of Things in the context of consumer applications, use cases and devices.
This report provides a deep insight into the global Consumer Internet of Things (CIoT) market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Consumer Internet of Things (CIoT) Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Consumer Internet of Things (CIoT) market in any manner.
Global Consumer Internet of Things (CIoT) Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
| Report Attributes | Report Details |
|---|---|
| Report Title | Global Consumer Internet of Things (CIoT) Market Research Report 2024(Status and Outlook) |
| Market size in 2024 | US$ 128.76 billion |
| Forecast Market size by 2030 | US$ 297.83 billion |
| Growth Rate | CAGR of 15.0% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 125 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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