A new market research report by Transparency Market Research, titled “Internet of Nano Things (IoNT) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020,” provides a comprehensive analysis of the global market for the internet of nano things (IoNT). The study provides insights into the market’s overview, including the current market trends, drivers and restraints, product segmentation, major geographical segments, and competitive landscape of the global IoNT market.
Furthermore, the research study presents historical data and forecast figures of the IoNT market with the help of charts, tables, and infographics. The study further includes valued inputs and strategic recommendations from professionals and industry experts to help the major players operating in the market in formulating their business strategies effectively.
The increase in ubiquitous connectivity, interconnection capabilities over the internet, and the rising number of computer devices are some of the major factors that are anticipated to boost the demand for IoNT in the overall market in the next few years. The rising applications of IoNT in multiple industries are further augmenting the growth of the market. In addition, the growing support from various governments for the development of nanotechnology for the healthcare segment is further fueling the growth of the global IoNT market.
On the flip side, the security and privacy concerns are the major issues faced by the IoNT market. As critical data is to be communicated between several devices over the internet, data security is the major concern that is expected to hamper the growth of the global IoNT market in the coming years. In addition, the large capital investment required for the enhancement of nanotechnology is another factor curbing the growth of the market.
The research study has segmented the global IoNT market on the basis of application into diverse industries such as entertainment and retail, healthcare, manufacturing, media, logistics, and transportation. The technological advancements in the global IoNT market have helped in expanding the capabilities of IoNT, thus widening the scope for application of the same in several industries. The market share and estimated market size of the same have been further elaborated in the research report.
The research study further analyzes the competitive landscape of the global IoNT market, emphasizing on the company overview, contact information, financial overview, product portfolio, business policies, and recent developments, if any. The major companies operating in the global IoNT market include Qualcomm Incorporated, Cisco Systems Inc., IBM Corporation, Juniper Networks, Alcatel-Lucent S.A., Siemens AG, Intel Corporation, SAP S.E., and Schneider Electric, to name a few. These players are spending generously on research and development activities related to nanotechnology and taking constant efforts to develop innovative nano systems and expand the product horizon.
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