Internet of Things (IoT) includes smart devices which communicate with each other. It allows the devices to gather and data. Moreover, IoT has a wide array of life applications such as transportation, healthcare, logistics, social gaming robot, and city information. As far as the wireless IoT is the key concern, various wireless communication technologies and protocols can be utilized to connect the smart device such as Internet Protocol Version 6 (IPv6), over Low power Wireless Personal Area Networks (6LoWPAN), Bluetooth Low Energy (BLE), ZigBee, Z-Wave and Near Field Communication (NFC). Few of the factors compelling the global IoT communication protocol are high adoption of wireless sensors and rising popularity of cloud computing. Another key factor favoring the growth of the global IoT communication protocol market is the initiatives by the government. Across the world, governments have been highly funding for the research and development of the IoT domain. This initiative from the government has been a significant factor for expanding the scope of the IoT communication protocol market. Moreover, the significant funding from governments across the world has resulted in innovative cross-domain applications of IoT and has enormously benefitted the growth of this industry and thus, IoT is now considerably penetrating across industries. It is projected that the future will see higher adoption of IoT among verticals followed by the easy availability of high speed internet and rising popularity of wearable devices. Furthermore, the IoT communication protocol market has been witnessing enormous growth in the recent years owing to rising popularity of Internet of Things and the growing adoption of smart watches and activity trackers in consumer markets. Constant surge in demand for smartphones and other connectivity devices and rising demand for cloud computing is likely to accelerate the market in near term. Apart from this, the dearth of common communication standards among platforms and constant replacement of batteries and huge power consumption by connected devices are the key factors impeding the market growth.

In addition to this, the growth in use of wireless sensors and low-power wide-area network is further projected to boost the market growth. Huge government funding across world for Internet of Things and rising adoption of wearable devices in various application areas such as healthcare, industrial and military is anticipated to create lucrative opportunities for the companies operating in global IoT communication protocol market.

The global IoT Communication Protocol Market is segregated on the basis of Connectivity Technology as Bluetooth, WiFi, Zigbee and Bluetooth. Based on End Use Application the global IoT Communication Protocol Market is segmented in Consumer Electronics, Automotive & Transportation, Building Automation and Healthcare.

The global IoT Communication Protocol Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The IoT Communication Protocol Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

NXP Semiconductors, STMicroelectronics, Texas Instruments, Mediatek, Gainspan Corporation and others are among the major players in the global IoT Communication Protocol Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In February 2016, CEVA, Inc launched Dragonfly reference platform to propel the design of low-data-rate machine-to-machine (M2M) and IoT communication applications, as well as standalone wearables, surveillance systems, smart grid, asset tracking, remote monitoring systems, connected cars and smart utilities. The platform supports present and evolving LTE MTC releases, LPWAN standards (e.g. LoRa, SiGFox, Ingenu), besides Wi-Fi, GPS or any other IoT-associated communications standard set to be deployed for M2M communication.
• In December 2015, NXP semiconductor introduced LPC43S67-A70CM Cloud Connectivity Kit designed mainly to reduce time-to-market for deploying IoT products. The kit support designers in bridging the gap between un-connected equipped products to cloud-connected products without the requirement for deep expertise in security, Wi-Fi stacks, device commissioning, and cloud service APIs.

The global IoT Communication Protocol Market has been segmented as below:

IoT Communication Protocol Market, By Connectivity Technology

• Bluetooth
• WiFi
• Zigbee
• Bluetooth

IoT Communication Protocol Market, By End Use Application

• Consumer Electronics
• Automotive & Transportation
• Building Automation
• Healthcare

IoT Communication Protocol Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

IoT Communication Protocol Market, By Company

• NXP Semiconductors
• STMicroelectronics
• Texas Instruments
• Mediatek
• Gainspan Corporation
• Synopsys
• Microchip (Atmel)
• Enocean
• Mindtree
• Ceva
• Atmel Corporation

The report covers the below scope:

• Global IoT Communication Protocol Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global IoT Communication Protocol Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global IoT Communication Protocol Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global IoT Communication Protocol Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global IoT Communication Protocol Market share. Major industry players with significant revenue share include NXP Semiconductors, STMicroelectronics, Texas Instruments, Mediatek, Gainspan Corporation and others.

Why to Buy this Report:

• Gain detailed insights on the IoT Communication Protocol industry trends
• Find complete analysis on the market status
• Identify the IoT Communication Protocol Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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