The Internet Of Nano Things Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Internet Of Nano Things Global Market Report 2024, The internet of nano things market size has grown exponentially in recent years. It will grow from $19.47 billion in 2023 to $23.72 billion in 2024 at a compound annual growth rate (CAGR) of 21.8%. The growth in the historic period can be attributed to rise in demand for smart devices, healthcare monitoring applications, environmental monitoring solutions, energy management in smart grids, smart agriculture practices, industrial automation and control.
The internet of nano things market size is expected to see exponential growth in the next few years. It will grow to $52.84 billion in 2028 at a compound annual growth rate (CAGR) of 22.2%. The growth in the forecast period can be attributed to healthcare nanobots and nanomedicine, expansion in environmental monitoring networks, security and surveillance enhancements, iont in smart homes and buildings, emergence of bio-inspired nanosystems. Major trends in the forecast period include nanotechnology integration with iot, advancements in nanosensors technology, collaboration in iont research and development, precision agriculture with ai and iont, iont in wearable technology.
The surge in the number of linked devices and computers is expected to propel the growth of the Internet of Things market in the coming future. Linked devices and computers refer to devices and computers that are connected to the Internet through various communication technologies such as Bluetooth, Wi-Fi, cellular networks, and wired networks. An increase in the number of computers and linked devices expand the Internet of Things, as it is used to wirelessly transport data from a PC or cellular network to the cloud. For instance, in June 2021, UK government statistic, the percentage of households with internet-connected smart televisions was 51%. Furthermore, according to Cisco Systems Inc., a US-based digital communications technology conglomerate company, nearly 30 billion devices or connections will be there by 2023, and average broadband speeds will rise from 46 Mbps to 110 Mbps. Therefore, the surge in the number of linked devices and computers is driving the Internet of Things market.
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The internet of nano things market covered in this report is segmented –
1) By Product: Nano Phones, Nano Cameras, Nano Processors, Nanosensors, Nano Power System, Nano Memory Cards, Nano Antennas And Receivers, Other Products
2) By Network Architecture: Nano-Nodes, Nano-Routers, Nano-Micro Interface Devices, Gateway
3) By Communication Type: Short Distance, Long Distance
4) By End User: Healthcare, Logistics, Defense And Aerospace, Manufacturing, Energy And Power, Retail, Other End Users
Technological advancements are the key trend gaining popularity in the Internet of Things market. Major companies operating in the Internet of Things market are focused on developing innovative technologies to strengthen their position in the market. For instance, in May 2021, the International Business Machines Corporation (IBM), a US-based company that manufactures computer software, hardware, and nanotech devices, launched the first-ever innovative semiconductor with two nanometers (nm) nanosheet technology. IBM’s innovative 2 nm chip technology advances the latest innovations in the semiconductor industry, answering the rising need for better chip capability and energy efficiency. It is predicted to perform 45% better or use 75% less energy than the most advanced 7 nm node chips available today. Its significant benefits include doubling the life of a mobile phone’s battery, reducing data centers’ carbon impact, drastically accelerating a laptop’s performance, and facilitating quicker object identification.
The internet of nano things market report table of contents includes:
1. Executive Summary
2. Internet Of Nano Things Market Characteristics
3. Internet Of Nano Things Market Trends And Strategies
4. Internet Of Nano Things Market – Macro Economic Scenario
5. Global Internet Of Nano Things Market Size and Growth
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31. Global Internet Of Nano Things Market Competitive Benchmarking
32. Global Internet Of Nano Things Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Internet Of Nano Things Market
34. Internet Of Nano Things Market Future Outlook and Potential Analysis
35. Appendix
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