Consumer IoT Market Worth $104.4 Billion by 2023 – Exclusive Report by MarketsandMarkets™

According to the new market research report "Consumer IoT Market by Offerings (Node Components, Network Infrastructure, Solutions, snd Services), End-Use Application (Wearable Devices, Consumer Electronics, Healthcare, Home Automation, Automotive), and Geography – Global Forecast to 2023", published by MarketsandMarkets™, the market is expected to grow from USD 46.8 billion by 2018 to USD 104.4 billion by 2023, at a CAGR of 17.39%. A few of the major driving factors for the growth of this market are growing number of internet users and adoption of smart devices, increasing awareness about fitness and rise in disposable incomes in developing economies, consumer preference for increased convenience and better lifestyle, increasing significance of home monitoring from remote locations, and government regulations for security of IoT devices.

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