April 23, 2020

IoT Communication Protocol– Detailed Analysis of Current Industry Figures with Forecasts Growth By 2027

The "Global IoT Communication Protocol Market Analysis to 2027" is a specialized and in-depth study of the IoT communication protocol market with a special focus on the global market trend analysis. The report aims to provide an overview of IoT communication protocol market with detailed market segmentation by connectivity technology, application. The global IoT communication protocol market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading IoT communication protocol market players and offers key trends and opportunities in the IoT communication protocol market.

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The expansion of Internet connectivity and mainstreaming of cloud computing are some of the significant factors driving the growth of the IoT communication protocol market. However, the lack of common communication standards across platforms is one of the major restraining factors for the growth of the IoT communication protocol market. Nevertheless, significant government funding across the globe for research and development of IoT is anticipated to create new opportunities for the IoT communication protocol market.

The increase in the adoption of wireless sensors across the globe and an increase in the popularity of cloud computing is driving the IoT communication protocol market. Around the world, governments have gradually been funding for the research and development of the IoT field. This support of the government for IoT applications is also propelling the growth of the IoT communication protocol market. Moreover, the increasing demand for smartphones and smart devices across the globe is anticipated to boost the IoT in the communication protocol market.

Top Industry Players : Atmel Corporation, Ceva, Enocean GmbH, Gainspan Corporation, Mediatek, Mindtree , NXP Semiconductors N.V., STMicroelectronics N.V., Synopsys,Texas Instruments

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