Published by Infinity Business Insights
Posted on October 10, 2021
3 min readLast updated: January 29, 2026
The Consumer IoT Market is projected to grow significantly from USD 44.46 Billion in 2020 to USD 153.80 Billion by 2027, driven by key players and market dynamics.
The market raises a number of questions in everyone’s mind. Infinity Business Insight provides a comprehensive solution to all of your questions. Historical data, demographic data, market-oriented data, and industry performance through time are all included in our research report. All of the data is industry-specific and represents market insights as well as the industries that are involved with the market.
Consumer Internet of Things (CIoT) Market was valued at USD 44.46 Billion in 2020 and is projected to reach USD 153.80 Billion by 2027, growing at a CAGR of 16.69% from 2021 to 2027.
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The report we provide gives an in-depth examination of the Consumer Internet of Things (CIoT) Market ‘s performance as well as the current issues. The company’s competitive advantage is bolstered by high customer satisfaction, outstanding performance in new areas, and a diverse business line. Furthermore, the organisation has large customers and is well-known in the sector.
Top key players:
Qualcomm
Honeywell International
AT&T
Texas Instruments
Microsoft
NXP Semiconductors
Sony Corporation
Intel Corporation
Samsung Electronics
STMicroelectronics
LG Electronics
IBM
Cisco Systems
Symantec
Apple
TE Connectivity
Schneider Electric
Amazon
The Consumer Internet of Things (CIoT) Market is present in every region of the world. It can be divided into APAC, North America, Europe, Middle East and Africa, and the rest of the world. According to our findings, companies have used a variety of strategies and cutting-edge R&D techniques to grow their businesses and secure their place in the market.
Consumer Internet of Things (CIoT) Market , By Type:
Node Component
Network Infrastructure
Solution
Consumer Internet of Things (CIoT) Market , By Application:
Home Security and Smart Domestic
Wearable Technology
Personal Healthcare
Smart Office
Other
The rising prevalence of COVID-19 is expected to have an impact on the Consumer Internet of Things (CIoT) Market growth over the forecast period. Businesses limited or stopped supply activities during the early stages of the pandemic, resulting in significant losses and hampered the market. As the coronavirus outbreak progressed, however, there was a surge in demand. Several new companies have joined the market to cover the demand-supply gap and profit from the increase in demand, gaining considerable market share in the process.
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FAQs:
1.What is the estimated CAGR for the Consumer Internet of Things (CIoT) Market throughout the evaluation period?
2.What are the global market’s?
3.What is the global Consumer Internet of Things (CIoT) Market ‘s market segmentation?
4.In the global Consumer Internet of Things (CIoT) Market , who are the major players?
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The article discusses the growth, trends, and forecast of the Consumer Internet of Things (CIoT) Market from 2021 to 2027.
What are the key factors driving the Consumer IoT Market growth?
Who are the major players in the Consumer IoT Market?
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