Global Wireless Connected Devices Market Size, Trends and Growth Opportunity, By Technology (Bluetooth, Wi-Fi, Zigbee, RFID and Others), By Devices(Computing/Communication Devices, Entertainment Devices, Wearable Devices and Others),By Region andForecast

Global Wireless Connected Devices Market Size, Trends And Growth Opportunity, By Technology (Bluetooth, Wi-Fi, Zigbee, RFID And Others), By Devices(Computing/Communication Devices, Entertainment Devices, Wearable Devices And Others),By Region And Forecast Till 2027.

Global Wireless Connected Devices Market

The global wireless connected devices market was valued at US$55 billion in 2021 and it is expected to reach at US$140 billion in 2027 at a CAGR of 13 % during forecast period 2022-2027.

The term "wireless connectivity" refers to networking technology that uses radio waves instead of cables, cords, or wires to connect two nodes or devices. When connecting devices and systems within a building, users can avoid the pricey installation of wires by using wireless communication. The use of Wi-Fi as a wireless LAN connection in the residential, commercial, and industrial sectors is what is driving the demand for smart lighting that is Wi-Fi enabled.

Market Drivers

Due to their benefits including mobility, ease, and simple connectivity, smart gadgets are widely being used around the world. The ability of smart home devices like the Amazon Echo and Google Home to communicate and carry out a variety of functions, including managing smart home devices and controlling internal security and lighting systems, is anticipated to increase the adoption of wirelessly connected devices over the projected period.

Market Restraints

In most nations, energy consumption is turning into a severe problem. The access network currently consumes the majority of the energy required by the Internet, and this trend is anticipated to remain for some time. The primary drawback of Wi-Fi technology is that it uses a lot of electricity. Some applications, like a linked house, would require continuous mains power, while others would need a battery that could be replenished. The market for wireless connected devices is being restrained by this.

Market Segmentation

The global wireless connected devices market segmented into technology and devices. On the basis of technology it segmented into Bluetooth, Wi-Fi, Zigbee, RFID and others. On the basis of devices it segmented into computing/communication devices, entertainment devices, wearable devices and others.

Regional Analysis

The global wireless connected devices market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. For its start-up environment, rapid adoption of technology by businesses in the region, and innovative technology-driven enterprise business models, North America is regarded as a growth hotspot. The market for wireless linked devices is predicted to grow most rapidly in North America for the same reason, with Asia Pacific being the next closest region.

Key Players

Various key players are listed in this report such as Apple Inc., Google, HP Development Company, L.P, Huawei Technologies Co., Ltd, Lenovo, LG Electronics, Microsoft, Samsung Corporation, Xiaomi, and Verizon.

Market Taxonomy

By Technology

Bluetooth

Wi-Fi

Zigbee

RFID

Others

By Devices

Computing/Communication Devices

Entertainment Devices

Wearable Devices

Others.

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Key Question Addressed by the Report

What are the Key Opportunities in Global Wireless Connected Devices Market?

What will be the growth rate from 2022 to 2027.

Which segment/region will have highest growth?

What are the factors that will impact/drive the Market?

What is the role of key players in the value chain?

What is the competitive Landscape in the industry?