Internet Of Nano Things Global Market Report 2024

The internet of nano things market 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 expansion observed in the historical period can be attributed to factors such as the increased demand for smart devices, the adoption of healthcare monitoring applications, the implementation of environmental monitoring solutions, the integration of energy management in smart grids, the advancement of smart agriculture practices, and the development of industrial automation and control systems.

The internet of nano things market 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 anticipated growth in the forecast period can be attributed to factors such as the advancements in healthcare nanobots and nanomedicine, the expansion of environmental monitoring networks, enhancements in security and surveillance, the integration of IoNT in smart homes and buildings, and the emergence of bio-inspired nanosystems. Key trends expected in the forecast period encompass the integration of nanotechnology with IoNT, advancements in nanosensor technology, collaborative efforts in IoNT research and development, the application of precision agriculture with AI and IoNT, and the utilization of IoNT in wearable technology.

The anticipated increase in the number of connected devices and computers is set to drive the growth of the Internet of Things (IoT) market in the near future. Connected devices and computers, utilizing various communication technologies such as Bluetooth, Wi-Fi, cellular networks, and wired networks, form the backbone of the IoT ecosystem. The expansion of linked devices and computers contributes to the growth of IoT by facilitating the wireless transmission of data from PCs or cellular networks to the cloud. For instance, data from a UK government statistic in June 2021 revealed that 51% of households had internet-connected smart televisions. Additionally, Cisco Systems Inc., a US-based digital communications technology conglomerate, forecasts that there will be nearly 30 billion devices or connections by 2023, accompanied by a rise in average broadband speeds from 46 Mbps to 110 Mbps. Thus, the surge in the number of connected devices and computers is a driving force for the Internet of Things market.

The increasing adoption of IoT is expected to fuel the growth of the Internet of Nano Things (IoNT) market in the coming years. IoT encompasses a network of interconnected physical devices, vehicles, appliances, and objects embedded with sensors, software, and connectivity to collect and exchange data. The adoption and expansion of IoT principles can significantly enhance the capabilities and potential applications of the Internet of Nano Things, allowing for the development of more sophisticated and precise systems operating at the nanoscale. For instance, Exploding Topics, a US-based online platform, projects that there will be 25.4 billion IoT devices by 2030. Therefore, the increasing adoption of IoT acts as a driving factor for the Internet of Nano Things market.

Technological advancements emerge as a key trend gaining popularity in the Internet of Things market. Major companies operating in this market are dedicated to developing innovative technologies to solidify their positions. For example, in May 2021, the International Business Machines Corporation (IBM), a US-based company, introduced the first-ever semiconductor with two-nanometer (nm) nanosheet technology. IBM's 2 nm chip technology represents a breakthrough in the semiconductor industry, addressing the growing demand for enhanced chip capability and energy efficiency. The chip is expected to outperform current 7 nm node chips by 45% or use 75% less energy, offering benefits such as doubling the life of a mobile phone's battery, reducing the carbon impact of data centers, accelerating laptop performance, and enabling quicker object identification.

Major companies operating in the Internet of Nano Things (IoNT) sector are actively developing innovative platforms, such as Interactive Application Security Testing (IAST) platforms, to drive revenues in the market. The IAST platform provides visibility, context, and advanced threat and vulnerability detection accuracy with minimal false positives and proof-of-exploit. It also offers guided remediation to help teams address any identified issues. For instance, New Relic launched the Interactive Application Security Testing (IAST) platform in July 2023, designed to enhance application security testing for DevOps teams involved in creating and continuously updating software. Integrated into New Relic's observability tools, the platform aids engineers in delivering optimized user experiences while minimizing security risks, particularly for cloud-native applications.

In January 2023, Semtech Corporation, a US-based semiconductor company specializing in components for the Internet of Things (IoT), acquired Sierra Wireless Inc. for $1.2 billion. Through this strategic acquisition, Semtech aims to combine the low-power advantages of LoRa with the high-bandwidth capabilities of cellular technology, creating a new leader in cloud-to-chip systems for IoT. The goal is to establish a stronger presence in the IoT market. Sierra Wireless, Inc. is a Canada-based provider of Internet of Nano Things (IoNT) solutions, offering cellular modules, gateways, routers, and cloud services.

Major companies operating in the internet of nano things market report are Cisco Systems Inc., IBM Corporation, Siemens AG, Intel Corporation, Qualcomm Technologies Inc., Schneider Electric Industries SAS, Juniper Networks Inc., Nokia Corporation, Robert Bosch GmbH, Microsoft Corporation, Bruker Corporation, Agilent Technologies Inc., Infineon Technologies AG, Dell Technologies Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., SAP SE, Alcatel-Lucent SA, Gemalto N.V., Texas Instruments Inc., Analog Devices Inc., STMicroelectronics N.V., NXP Semiconductors N.V., TE Connectivity Ltd., Broadcom Inc., Renesas Electronics Corporation, Atmel Corporation, Cypress Semiconductor Corporation, Microchip Technology Inc., Maxim Integrated Products Inc., ON Semiconductor Corporation, ARM Holdings plc, Marvell Technology Group Ltd., MediaTek Inc., Murata Manufacturing Co. Ltd., TDK Corporation, Fujitsu Limited, Toshiba Corporation.

North America was the largest region in the internet of nano things market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global internet of nano things market during the forecast period. The regions covered in the internet of nano things market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the internet of nano things market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of Internet of Nano Things include nano phones, nano cameras, nano processors, nano sensors, nano power systems, nano memory cards, nanoantennas and receivers, and other related products. Nano phones, for instance, are mobile phones utilizing a nano SIM, smaller in size compared to conventional (2FF) or micro-SIM (3FF) cards. The IoNT infrastructure involves network architectures such as nano-nodes, nano-routers, nano-micro-interface devices, and gateways, employing communication technologies for both short- and long-distance connectivity. These technologies find applications across various sectors, including healthcare, logistics, defense and aerospace, manufacturing, energy and power, retail, and other end-user industries.

The internet of nano things market research report provides internet of nano things market statistics, including internet of nano things industry global market size, regional shares, competitors with an internet of nano things market share, detailed internet of nano things market segments, market trends and opportunities, and any further data you may need to thrive in the internet of nano things industry. This internet of nano things market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The internet of nano things market consists of revenues earned by entities by providing services such as caching, data delivery, and energy consumption. The market value includes the value of related goods sold by the service provider or included within the service offering. The Internet of Nano Things market also includes sales of nano robots, nanopore sequencing systems, and nanostructured materials which are used in providing Internet of Nano Things services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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