Wireless Sensor Network Market Opportunities and Challenges
Posted by jackmartin on November 9th, 2020
The growth of Wireless Sensor Network 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.
The market was valued at USD 29.06 Billion in 2016 and is expected to reach USD 93.86 Billion by 2023, at a CAGR of 18.55% between 2017 and 2023.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=445
Software to grow at highest CAGR during the forecast period
The software components of WSNs include platforms and solutions that are vital for applications such as 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.
Image sensors is expected to grow at highest CAGR during the forecast period
The adoption of image sensors is growing rapidly for building automation, automotive, retail, and other applications. Security and access control systems have become an integral part of the safety and security of the buildings and their occupants and video surveillance is crucial in improving the security level in buildings such as homes, offices and retail leading to higher adoption of image sensors in video surveillance systems.
North America held a major share of the WSN market in 2016
The increased R&D in the field of IoT, in terms of new and improved technologies, as well as the rising demand for improved lifestyle are the two crucial factors driving the growth of the wireless sensor network market in North America. In addition, the increasing R&D at both academic and industry levels is broadening the application areas of IoT in different applications such as building automation, retail, automotive & transportation, and healthcare, especially in the US.
The major players in the wireless sensor network market include Intel Corporation (US), ABB Ltd. (Switzerland), Texas Instruments Inc. (US), Huawei Investment & Holding Co., Ltd. (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).
About the Authorjackmartin
Joined: October 27th, 2020
Articles Posted: 5
Betting Gods | The Network of Professional Sports Tipsters
Join over 120,000 punters who receive our daily, free sports betting tips direct to their inbox from our network of expert sports tipsters
KickRef | KickEX exchange multilevel referral program
KickRef is a referral program of KickEX crypto exchange for making a passive additional income online from a referral network
Football Winner - Winning Football Tips
Now you too can make effortless profits and it only takes 15 minutes per week! We browse odds every day and 9 times out of 10 the lowest edge the bookies take is on the 1X2 market. These win/draw/lose bets are the very bets that give the greatest edge to
My name is Dr. John Fredrick from London and I am a horse racing enthusiast. Together with 2 friends, I co-founded Punters United, a network of racing and betting enthusiasts where you can either be one of our professional contributors or be a betting ti
BitKong: Fairest and most thrilling Bitcoin casino on the market
Win serious funds fast when you stack the BitKong bonus combo, cash in on the referral program, or hit the massive jackpot then walk away with your life changed.
Download The App - Celsius
Buy, Earn & Borrow on the Blockchain. Celsius Network lets you buy coins, earn interest on your crypto and borrow against it.