Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Fitness App Market is projected to reach USD 30.63 Billion by 2030, growing at a CAGR of 21.5%: Straits Research

Published

on

New York, United States, June 16, 2022 (GLOBE NEWSWIRE) — Customers can get individualized exercise routines using fitness apps that use artificial intelligence, machine learning, and other technologies. These apps also give individual health coaches and no-equipment fitness programs, personalized diet charts, diet monitoring, and step tracking. Due to the COVID-19 pandemic, which led to widespread lockdowns and social distancing rules, a shift from traditional studios and gyms to virtual fitness has occurred. Hence, the number of fitness apps downloaded and used has skyrocketed.

High Penetration of Smartphones to Drive the Global Fitness App Market

Consumers’ increasing use of smartphones is fueling the proliferation of various fitness apps on the market. In addition, continual network infrastructure improvements and increased network coverage are driving up demand for fitness apps. Due to the expanding popularity of smartphones and increased awareness of fitness, mobile network carriers see mHealth as an investment potential. As the number of people who own smartphones grows, so will the number of people who use fitness apps.

In 2017, JMIR mHealth and uHealth published a study that found that 45.5% of the sample size (in terms of population) used fitness apps on their cellphones. Smartphone technological advances for better live sessions are also predicted to fuel market growth. Smartphones also have advantages like colossal storage capacity, ease of use, and portability, making them excellent for monitoring and activity tracking applications. The demand for smartphones in the market is driven by rising affordability and lower hardware costs. Due to the increasing penetration of mobile phones in low-income countries, mHealth is rapidly gaining traction, facilitating the adoption of fitness apps.

Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/fitness-app-market/request-sample 

Growing Use of Wearable Devices to Provide New Market Opportunities

A wearable fitness gadget tracks and compiles user activity data, which is then synchronized with a fitness app. According to a Pew Research Center research published in June 2019, roughly 21% of people in the United States use a wearable gadget. Like most digital technologies, Wearable device adoption is influenced by socioeconomic factors such as income, education, and occupation. According to the same report, over 31% of people with a household income of USD 75,000 or more per year use wearable fitness devices, while only 12% of people with a household income of USD 30,000 or less per year use them.

Wearable device adoption is projected to drive the market during the forecast period. According to a report published in the Economic Times, global consumer spending on wearable gadgets would grow by 18.1% in 2021 over 2020. In 2020, consumer spending on smartwatches and bright patches will climb by 17.6% and 20.3%, respectively. This expansion is fueled by the addition of new users who are beginning to follow a fitness regimen.

Buy Now Full Report @ https://straitsresearch.com/buy-now/fitness-app-market/global/ 

Regional Analysis

North America dominated the global fitness app market in 2021. It is estimated to reach an expected value of USD 10,740 million by 2030 at a CAGR of 20.5%. Growing awareness of fitness and daily health monitoring has resulted in a rise in fitness app usage and a considerable increase in new participants. Various reasons are driving the growth of the fitness app market in North America, including the rapid growth in smartphone usage, the expansion of coverage networks, the rise in the prevalence of chronic diseases, and the rise in the senior population.

Exercise and weight reduction applications will see substantial growth in North America through video exercises and connected devices with various training platforms. Due to the rising prevalence of diabetes, obesity, and cardiovascular illnesses in North America, this segment market is predicted to rise. The number of mergers, acquisitions, and product releases has increased recently, positively impacting the mHealth app business.

Asia-Pacific is expected to be the fastest-growing region in the market, accounting for USD 10,955 million by 2030 at a CAGR of 23%. As cellphones become more affordable, more people use them to access various fitness programs. Factors such as increased healthcare costs, rising obesity rates, and an increased number of athletes drive governments and corporate groups to develop new fitness models.

The Europe fitness app market is anticipated to grow significantly during the forecast period. It is estimated to reach an expected USD 8,755 million by 2030 at a CAGR of 22.4%. In Europe, fitness apps and related services are introduced, emphasizing activity tracking, training regimens, calorie tracking, diet, and nutrition charts. This can be linked to rising consumer demand for fitness and workout apps, increased knowledge about healthy lifestyles, and the expanding number of fitness centers and clubs.

Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/fitness-app-market/request-sample 

Key Highlights

  • The global fitness app market was worth USD 6,700 million in 2021. It is estimated to reach an expected value of USD 30,635 million by 2030 at a CAGR of 21.5% during the forecast period (2022–2030).
  • Based on type, the global fitness app market is divided into exercise and weight loss, diet and nutrition, and activity tracking. The activity tracking segment is the fastest-growing segment in the market. It is estimated to reach an expected value of USD 9440 million by 2030 at a CAGR of 23%. Jawbone, Fitbit, and Nike are among the leading brands in the fitness activity monitoring sector.
  • Based on platforms, the global fitness app market is categorized into Android, iOS, and others. Android is expected to be the fastest-growing platform over the forecast period. It is estimated to reach an expected value of USD 19,005 million at a CAGR of 22.7% by 2030. Owing to the increasing adoption of smartphones globally and the rising number of android users at a rapid rate, this segment is expected to register a lucrative growth during the forecast period.
  • Based on devices, the global fitness app market is differentiated into smartphones, tablets, and wearable devices. The wearable devices segment is expected to grow at the fastest growth rate during the forecast period. It is estimated to reach an expected value of USD 8,230 million by 2030 at a CAGR of 22.6%. This growth can be attributed to the increased use of wearables among all age groups. High adoption of wearable devices by people in the US is expected to drive the market over the forecast period.

Competitive Landscape

The key market players are

  • Adidas
  • Appster
  • FitnessKeeper
  • Fitbit Inc
  • Azumio Inc.
  • MyFitnessPal Inc
  • Noom
  • Nike
  • Under Armour Inc
  • WillowTree Inc
  • Polar Electro
  • Kayla Itsines
  • Google
  • Fooducate
  • ASICS America Corporation

  

Global Fitness App Market: Segmentation

 By Type

  • Exercise and Weight Loss
  • Diet and Nutrition
  • Activity Tracking

By Platform

  • Android
  • iOS
  • Others

 By Devices

  • Smartphones
  • Tablets
  • Wearable Devices

 By Regions

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

Why rely on the traditional approach to study the market when you have a concise report to make your work easy?

We at Straits Research produce high-quality, authenticated, and genuine market reports with in-depth analysis to study each and every aspect of the global market.

With our reports, understand the market better through the latest versions of data presentation, unlike the conventional excel sheets and data pointers.

Study the market happenings in a more dramatic and exciting way through interactive dashboards and graphical representations, which will make you understand the market easily with approximate facts and figures.

Visit Straits Research to get a FREE Sample Report and know-how we interactively present the data, unlike the traditional sheets with immense data that makes it havoc of a task to understand.

TABLE OF CONTENT

1          Introduction

1.1      Market Definition

1.2      Market Scope

2          Research Methodology

2.1      Primary Research

2.2      Research Methodology

2.3      Assumptions & Exclusions

2.4      Secondary Data Sources

3          Executive Summary

4          Market Overview

4.1      Report Segmentation & Scope

4.2      Value Chain Analysis: Fitness App Market

4.2.1  Vendor Matrix

4.3      Key Market Trends

4.3.1  Drivers

4.3.2  Restraints

4.3.3  Opportunities

4.4      Porter’s Five Forces Analysis

4.4.1  Bargaining Power of Suppliers

4.4.2  Bargaining Power of Buyers

4.4.3  Threat of Substitution

4.4.4  Threat of New Entrants

4.4.5  Competitive Rivalry

4.5      Environment & Regulatory Landscape

4.6      Forecast Factors & Relevance of Impact

4.7      Macro-Economic & Geopolitical Scenario

4.8      Parent Market Overview

4.9      Technology Landscape

4.10   Market Share Analysis

4.11   Potential Venture Analysis

4.12   Regional Price Trends

4.13   Raw Material Trends

4.14   Cost Structure Analysis

4.14.1            Labor Cost

4.14.2            Consumables

4.14.3            Maintenance Cost

4.15   Covid-19 Impact Analysis:

4.15.1            Pre and Post Covid-19 Market Scenario Analysis

4.15.2            Market Recovery Timeline and Challenge

4.15.3            Measures Taken by Top Players

4.15.4            Quarterly Market Revenue and Growth Forecast till 2021

4.15.4.1        North America

4.15.4.2        Europe

4.15.4.3        Asia-Pacific

4.15.4.4        Central and South America and the Caribbean

4.15.4.5        The Middle East and Africa

5               Type Overview

5.1      Introduction

5.1.1  Market Size & Forecast (Value & Volume)

5.2      Exercise and Weight Loss

5.2.1  Market Size & Forecast (Value & Volume)

5.3      Diet and Nutrition

5.3.1  Market Size & Forecast (Value & Volume)

5.4      Activity Tracking

5.4.1  Market Size & Forecast (Value & Volume)

6               Platform Overview

6.1      Introduction

6.1.1  Market Size & Forecast (Value & Volume)

6.2      Android

6.2.1  Market Size & Forecast (Value & Volume)

6.3      iOS

6.3.1  Market Size & Forecast (Value & Volume)

6.4      Others

6.4.1  Market Size & Forecast (Value & Volume)

7               Device Overview

7.1      Introduction

7.1.1  Market Size & Forecast (Value & Volume)

7.2      Smartphones

7.2.1  Market Size & Forecast (Value & Volume)

7.3      TABLEts

7.3.1  Market Size & Forecast (Value & Volume)

7.4      Wearable Devices

7.4.1  Market Size & Forecast (Value & Volume)

8             Regional Overview

8.1      Introduction

8.1.1  Market Size & Forecast (Value & Volume)

8.2      North America

8.2.1  Economic Overview

8.2.2  Market Scenario

8.2.3  U.S.

8.2.4  Canada

8.2.5  Mexico

8.3      Central and South America and the Caribbean

8.3.1  Economic Overview

8.3.2  Market Scenario

8.3.3  Brazil

8.3.4  Argentina

8.3.5  Colombia

8.3.6  Rest of Central and South America and the Caribbean

8.4      Europe

8.4.1  Economic Overview

8.4.2  Market Scenario

8.4.3  Germany

8.4.4  France

8.4.5  The U.K.

8.4.6  Italy

8.4.7  The Rest Of Europe

8.5      Asia-Pacific (APAC)

8.5.1  Economic Overview

8.5.2  Market Scenario

8.5.3  China

8.5.4  Japan

8.5.5  India

8.5.6  Australia

8.5.7  South Korea

8.5.8  Rest Of APAC

8.6      Middle East

8.6.1  Economic Overview

8.6.2  Market Scenario

8.6.3  South Arabia

8.6.4  The UAE

8.6.5  Qatar

8.6.6  Oman

8.6.7  Turkey

8.6.8  The Rest Of Middle East

8.7      Africa

8.7.1  Economic Overview

8.7.2  Market Scenario

8.7.3  Nigeria

8.7.4  South Africa

8.7.5  The Rest Of Africa

9          Competitive Landscape — Manufacturers & Suppliers

9.1      Competition Dashboard

9.2      Industry Structure

9.3      Adidas

9.3.1  Business Overview

9.3.2  Financial Performance

9.3.3  Recent Developments

9.3.4  Portfolio

9.4      Appster

9.5      FitnessKeeper

9.6      Fitbit Inc

9.7      Azumio Inc.

9.8      MyFitnessPal Inc

9.9      Noom

9.10   Nike

9.11   Under Armour Inc

9.12   WillowTree Inc

9.13   Polar Electro

9.14   Kayla Itsines

9.15   Google

9.16   Fooducate

9.17   ASICS America Corporation.

10       Conclusion & Recommendation

11       Acronyms & Abbreviations

Read the full Report Description with Table of Content and Figure @ https://straitsresearch.com/report/fitness-app-market/toc

Market News

  • In March 2022, ASICS announced the expansion of its FrontRunner team in the Middle East, with new teammates from the UAE, Kuwait, KSA, and Qatar joining the passionate global running community.
  • In November 2021, ASICS announced its partnership with Dubai Creek Striders (DCS) ahead of the iconic Johnson Arabia Dubai Creek Striders Half Marathon and 10km run. A much-loved community running event that invites all ages and abilities to participate in its annual race, the half-marathon took place on December 3, 2021. The collaboration between ASICS and DCS stands as part of ASICS’ brand ethos to uplift the community through movement. 

News Media

The Increase in Awareness Towards Health and Fitness Spur the Global Wearable Healthcare Devices Market

Technology Driven Advancements to Boost the Therapeutics Apps Market Growth

Robust Spa Industry in North America to Surge the Consumption of Aromatherapy Diffusers      

Have a Look at the Related Research Report

Wearable Healthcare Devices Market: Information by Device Type (Diagnostic Devices), Product Type (Smartwatch), Application, Grade Type, Distribution Channel, and Region — Forecast till 2029

Exoskeleton Wearable Robots Market: Information by Type (Full body, Upper and Lower Body), End-Users (Industrial, Defense, Healthcare), and Region -Forecast till 2029

Outdoor Gym Equipment Market: Information by Equipment Type (Exercise Bike), Application (Strength Training), End-User (Schools, Parks, Public), and Region—Forecast till 2029

ePharmacy Market: Information by Drug Type (Prescription Drugs, Over the Counter (OTC) Drugs), Product Type (Dental, Skincare, Weight Loss), and Region —Forecast till 2029

MMA Equipment, Merchandise, and Nutrition Market: Information by Product (Equipment, Nutrition, and Merchandise) and Region — Forecast till 2029

Specialized Formula Medical Nutrition Market: Information by Type (Infant Medical Nutrition Products), Application (Pediatric/Infants, Geriatric), and Region — Forecast till 2029

About Straits Research Pvt. Ltd.

StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.

Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.

For more information on your target market, please contact us below:

Phone: +1 646 480 7505 (the U.S.)

+91 8087085354 (APAC)

+44 208 068 9665 (the U.K.)

Email: [email protected]

Follow Us: LinkedIn | Facebook | Instagram | Twitter

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT

Published

on

unlock-an-exclusive-olympic-experience:-celebrating-live4well’s-sold-out-genesis-nft

HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.

Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
Photo – https://mma.prnewswire.com/media/2421983/image.jpg
Photo – https://mma.prnewswire.com/media/2421640/Live4Well.jpg
Logo – https://mma.prnewswire.com/media/2421641/4725441/Live4Well.jpg
 
 

View original content:https://www.prnewswire.co.uk/news-releases/unlock-an-exclusive-olympic-experience-celebrating-live4wells-sold-out-genesis-nft-302155644.html

Continue Reading

Artificial Intelligence

Overseas Expansion Strategy of K-OTT Introduced in France, KOCCA holds the ‘2024 Korea-France Content Forum’

Published

on

overseas-expansion-strategy-of-k-ott-introduced-in-france,-kocca-holds-the-‘2024-korea-france-content-forum’

– The ‘Korea-France Content Forum’ held to establish the Foundation for K-OTT’s oversea expansion
PARIS, May 24, 2024 /PRNewswire/ — The Ministry of Culture, Sports and Tourism (Minister Yu In-chon) and the Korea Creative Content Agency (President, Jo Hyun-rae, hereafter KOCCA) held the ‘2024 Korea-France Content Forum’ on May 24th during the Korea Expo in Paris, France.

The ‘2024 Korea-France Content Forum’ featured a keynote session (K-OTT’s Strategies in Global market) presenting K-OTT’s strategies for international expansion and a roundtable session (Strategies in the Era of Streaming) discussing the growth of OTT platforms and collaborative approaches with production companies.
The forum featured participation from various industry leaders including Kun hee Park (CEO, Wavve Americas), Sangjin Lee (Head of content IP Business, LG U+), Seung ae Sohn (Executive Director, Showbox), Ji ae Sohn (Ambassador for Cultural Cooperation), Moonju Kim (General Director, France Business Center, KOCCA), Isabelle Degeorges (President, Gaumont Television France) which produced the French Netflix original series, participated.
Strategy announcement by Wavve Americas (KOCAWA), the first K-OTT’s launched in Europe
During the Keynote Session, Park Kun Hee – CEO of Wavve Americas, the first domestic OTT Platform to launch services in Europe, Took the stage to discuss the international expansion strategy of KOCOWA, which started offering services in 39 countries including Europe since April of this year. Following this, Lee Sangjin, Head of Content IP Business of LG U+, presented the expansion strategy of LG U+ Mobile TV, encompassing diverse original content.
During the round-table session, participants shared thoughts and solutions regarding the survival strategies of local OTT platforms and production companies amidst the rapid waves of change brought about by the emergence of global OTT platforms.
In particular, through this forum, we were able to observe the proactive implementation of IP protection policies by local production companies in France, aimed at sustainable content creation. Isabelle Degeorges, CEO of Gaumont Television France, noted, “With the introduction of the European Audiovisual Media Services Directive (AVMSD), platforms and production companies can share IPs three years after supplying the content.” Kim Moon-joo, Director of the Korea Creative Content Agency’s France Business Center, participated as a panelist, introducing policies aimed at enhancing the competitiveness of K-OTT and fostering collaboration with production companies.
Park Kun Hee, CEO of Wavve Americas, who participated in the event, stated, “It was a meaningful opportunity to introduce our platform locally in Europe in line with KOCOWA’s expansion into the region”. Additionally, Kyoungbon Koo, Director Broadcasting & Video Content Division at KOCCA commented, “It was a meaningful occasion to not only introduce K-OTT’s strategies to Europe but also to exchange ideas on collaboration between Korea and France. We will continue to focus on activating various forms of collaboration with major international partners in the future”.
KOCCA supports the overseas expansion of excellent domestic OTT content and platforms through the newly established Local OTT Specialized Support Program this year. This initiative aims to enhance the competitiveness of domestic OTT platforms and content by adapting to the changing industrial environment.
Photo – https://mma.prnewswire.com/media/2421769/Korea_France_Content_Forum_Photo.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/overseas-expansion-strategy-of-k-ott-introduced-in-france-kocca-holds-the-2024-korea-france-content-forum-302155362.html

Continue Reading

Artificial Intelligence

IoT Node and Gateway Market worth $604.7 billion by 2029 – Exclusive Report by MarketsandMarkets™

Published

on

iot-node-and-gateway-market-worth-$604.7-billion-by-2029-–-exclusive-report-by-marketsandmarkets™

CHICAGO, May 24, 2024 /PRNewswire/ — The IoT Node and Gateway market is projected to grow from USD 424.6 billion in 2024 and is estimated to reach USD 604.7 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth of the IoT Node and Gateway market is driven by the Provision of increased IP address space through IPv6, Emergence of 5G technology, and Increasing need for data centers.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=248007097
Browse in-depth TOC on “IoT Node and Gateway Market”
410 – Tables70 – Figures390 – Pages
IoT Node and Gateway Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 424.6 billion
Estimated Value by 2029
$ 604.7 billion
Growth Rate
Poised to grow at a CAGR of 7.3%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Hardware, End-use Application and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Requirement for wireless spectrum and licensed spectrum
Key Market Opportunities
Accelerated IoT adoption in healthcare sector
Key Market Drivers
Rising use of wireless smart sensors and networks
By Hardware, the Logic Devices are projected to grow at a high CAGR of IoT Node and Gateway market during the forecast period.
Logic devices can adapt to changing requirements even after deployment. As new features or functionalities are needed, the logic within the device can be reprogrammed to accommodate these changes, extending the useful life of the product and reducing the need for hardware revisions. The integration of FPGA technology into IoT devices further enhances these advantages. The integration of FPGAs into IoT nodes and gateways empowers manufacturers to develop highly optimized, customizable, and scalable solutions that meet the diverse needs of IoT applications. Tesla’s Full Self-Driving (FSD) computer utilizes FPGAs to handle complex neural network computations for autonomous driving algorithms. This allows them to potentially improve their FSD capabilities through software updates that reconfigure the logic within the FPGAs.
BFSI segment in IoT Node and Gateway Market is projected to grow at a highest CAGR during the forecast period.
BFSI sector can use IoT technology to provide more convenient solutions for customers. IoT can be used to perform data collection in real time and for instant communication between devices. For instance, it can facilitate cashless payments using an RFID scanner to identify products in the shopping cart and mobile wallet. The adoption of mobile point of sale (mPOS) systems and kiosks is fundamentally reshaping the landscape of the BFSI market. mPOS facilitates transactions anytime, anywhere, benefiting unbanked populations and enabling temporary service points for events. Kiosks offer convenient banking functionalities, reducing wait times and freeing up staff for complex inquiries. These technologies drive cost savings by requiring less investment and automating routine tasks, allowing resources to be reallocated strategically. They provide rich data for personalized services, fraud detection, and operational optimization. mPOS systems and kiosks promote financial inclusion by extending services to remote areas, fostering economic activity and well-being.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=248007097
North America accounts for the largest share in IoT Node and Gateway Industry.
The North American IoT market is poised to grow, driven by government efforts to transition cities into smart urban centers. The growing need for sophisticated IoT solutions, fueled by the widespread availability of high-speed data, will further propel market expansion in this region. Furthermore, North America’s dynamic IoT node and gateway ecosystem features established players like Intel Corporation (US), Texas Instruments Incorporated (US), Dell (US), and Cisco Systems (US), driving competition, innovation, and affordability. Increasing research and development at industry levels is broadening the application areas of IoT in various industries, such as retail, consumer electronics, automotive and transportation, and healthcare, especially in the US. The increased demand for effective solutions and focus on early, accurate, and fast diagnosis of diseases has led to huge investments in technological developments in the healthcare sector.
Key Players
Key companies operating in the IoT Node and Gateway companies are Intel Corporation (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (Netherlands), Cisco Systems, Inc. (US), Hewlett Packard Enterprise Development LP (US), TE Connectivity Ltd (Switzerland), Advantech Co., Ltd. (Taiwan), Dell Technologies (US), among others.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=248007097
Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports: 
IoT Technology Market by Node Component (Sensor, Memory Device, Connectivity IC, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-use Application, Geography – Global Forecast to 2029
Industrial IoT Market Size, Share & Industry Growth Analysis Report by Device & Technology, Connectivity Type, Software, Vertical (Manufacturing, Energy, Oil & Gas, Healthcare, Retail, Transportation, Metals & Mining, Agriculture), and Geography – Global Growth Driver and Industry Forecast to 2026
Internet of Robotic Things Market (IoRT) by Component (Sensor, Power, Control), Service (Professional, Managed), Platform (Device, Application, Network), Software (Analytics, Data, Security, Monitoring, Bandwidth), Application – Global Forecast to 2022
MulteFire Market by Device (Small Cells, Switches, Controllers), Application (Industrial Manufacturing, Commercial, Transportation, Public Venues, Healthcare, Oil & Gas and Mining, Power Generation, Hospitality), and Geography – Global forecast 2025
Smart Robots Market Size, Share by Component (Sensors, Actuators, Control Systems), Type, Operating Environment, Mobility, Application (Domestic, Field/Agricultural, Public Relations, Industrial), and Region – Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Aashish MehraMarketsandMarkets™ INC. 630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/iot-gateway-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/iot-gateway.asp
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/iot-node-and-gateway-market-worth-604-7-billion-by-2029—exclusive-report-by-marketsandmarkets-302155034.html

Continue Reading
Advertisement
Advertisement

Latest News

Trending