ZigBee Market 2018 Analysis by Growth, Major Manufacturers and Forecast to 2026
ZigBee smart energy segment accounted for the largest market share in 2017 and is expected to remain largest over the forecasted period (2018-2026).
(EMAILWIRE.COM, September 11, 2018 ) ZigBee is one of the popular wireless networking standards used for monitoring and controlling devices that is based on IEEE 802.15.4 standard. ZigBee is preferred for applications related to low data rate, long battery life, and secure networking. ZigBee carries small volumes of data over a mid-range distance.
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The factor attributed the growth of the market is growing consumption of energy across the globe. For instance, according to worldbank.org, analysis, 17.8% of energy was consumed in 2014 and it has grown to 18.1% in 2015, globally. Since, utilization of energy is increasing at a rapid rate consumers are adopting those technologies, which are low powered and minimises energy consumption.
Government initiatives for smart city project is another factor leading to increasing installation of ZigBee protocol in smart city for controlling consumption of energy. For instance, in 2015, Government of India launched "100 Smart Cities Mission". Hence, all these factors will expected to drive the growth of the Zig Bee protocol over the forecasted period (2018-2026).
Global Zig Bee Market: Segment Trends
Rising inclination for adoption of smart home devices across the globe is one of the primary factors expected to boost demand for ZigBee enabled devices in the near future. For instance, according to Coherent Market Insights’ analysis, 47 million smart home devices were shipped worldwide in 2015 and 80 million in 2016, globally.
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Global ZigBee Market: Regional Insights
North America accounted for the largest market share in 2017, where the U.S. and Canada were the major growth engines. The factors driving growth of the market in this particular region are rising digitalization, rapid technological advancements, increasing penetration of internet users, rising popularity of smart homes and smart devices among the users, and others. For instance, according to InternetLiveStats’ analysis, in the U.S. the total number of internet users in 2015 was 283,712,407 and it has increased to 286,942,362 in 2016.
Global ZigBee Market: Competitive Landscape
The major players in the global Zigbee market include Intel Corporation, Qualcomm Incorporated, Atmel Corporation., Digi International, NXP Semiconductor N.V, STMicroelectronics N.V., Microchip Technology., Cypress Semiconductor Corporation, EnOcean GmbH, and NEXCOM International Co. Ltd.
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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Download PDF To explore detail study @ https://www.coherentmarketinsights.com/insight/request-pdf/2094
The factor attributed the growth of the market is growing consumption of energy across the globe. For instance, according to worldbank.org, analysis, 17.8% of energy was consumed in 2014 and it has grown to 18.1% in 2015, globally. Since, utilization of energy is increasing at a rapid rate consumers are adopting those technologies, which are low powered and minimises energy consumption.
Government initiatives for smart city project is another factor leading to increasing installation of ZigBee protocol in smart city for controlling consumption of energy. For instance, in 2015, Government of India launched "100 Smart Cities Mission". Hence, all these factors will expected to drive the growth of the Zig Bee protocol over the forecasted period (2018-2026).
Global Zig Bee Market: Segment Trends
Rising inclination for adoption of smart home devices across the globe is one of the primary factors expected to boost demand for ZigBee enabled devices in the near future. For instance, according to Coherent Market Insights’ analysis, 47 million smart home devices were shipped worldwide in 2015 and 80 million in 2016, globally.
Browse More About the Market Study @ https://www.coherentmarketinsights.com/ongoing-insight/zigbee-market-2094
Global ZigBee Market: Regional Insights
North America accounted for the largest market share in 2017, where the U.S. and Canada were the major growth engines. The factors driving growth of the market in this particular region are rising digitalization, rapid technological advancements, increasing penetration of internet users, rising popularity of smart homes and smart devices among the users, and others. For instance, according to InternetLiveStats’ analysis, in the U.S. the total number of internet users in 2015 was 283,712,407 and it has increased to 286,942,362 in 2016.
Global ZigBee Market: Competitive Landscape
The major players in the global Zigbee market include Intel Corporation, Qualcomm Incorporated, Atmel Corporation., Digi International, NXP Semiconductor N.V, STMicroelectronics N.V., Microchip Technology., Cypress Semiconductor Corporation, EnOcean GmbH, and NEXCOM International Co. Ltd.
Ask for Discount before Buying @: https://www.coherentmarketinsights.com/insight/request-discount/2094
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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Coherent Market Insights
Mr. Shah
Tel: 2067016702
Email us
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Coherent Market Insights
Mr. Shah
Tel: 2067016702
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results