Skip to main content

Hydraulic Equipment Market | Analysis, Post Covid-19 Impact | Potential Business Impacts for Key Players

The burgeoning demand for home appliances, surging demand for sensors from the automobile sector, and rising government initiatives for establishing smart cities will contribute to the wireless sensor network market growth during the forecast period (2020–2030). Moreover, rapid industrial automation will also support the market growth in the foreseeable future. 

A wireless sensor network refers to a self-configured network of sensors that work together to transfer real-time data. This network help in collecting information from the physical environment and then transfer the data to a base station wirelessly. One of the key growth drivers of the wireless sensor network market is the surging government initiatives being launched across the world for developing smart cities.


Get the Sample Copy of this Report at: https://www.psmarketresearch.com/market-analysis/wireless-sensor-network-market/report-sample

These networks are used in smart cities for applications such as traffic monitoring, waste tracking, pollution management, and intelligent connected street lights. For instance, the Smart City Mission launched under the Ministry of Housing and Urban Affairs of the government of India in 2015 aims to develop 100 smart cities across the country in the coming years.

According to P&S Intelligence, the North American region accounted for the largest share in the wireless sensor network market in 2019, due to the rapid technological innovations, development of smart cities, and high adoption rate of factory and building automation systems in this region. Moreover, the presence of advanced healthcare facilities in North America will also facilitate market growth in the region.

Additionally, the growing penetration of wearable devices will also boost the demand for such networks in the region in the coming years. Thus, the increasing number of smart cities across the world will augment the demand for wireless sensor networks in the foreseeable future.

Comments

Post a Comment

Popular posts from this blog

Business Impacts of COVID-19 on AR and VR Market Strategies of Major Industry Competitors

The global augmented reality (AR) and virtual reality (VR) market generated a revenue of $37.0 billion in 2019 and it is predicted to progress at a CAGR of 42.9% between 2020 and 2030. Furthermore, the market will reach a value of $1,274.4 billion by 2030. The increasing adoption of the AR and VR technologies in the healthcare, entertainment, education, gaming, and tourism sectors is one of the major factors fueling the advancement of the market across the globe. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/augmented-reality-and-virtual-reality-market/report-sample   Besides the aforementioned factor, the growing usage of smartphones and tablet computers is also propelling the expansion of the AR and VR industry across the world. According to various reports, the total number of smartphone users all over the world is predicted to rise to 3.5 billion by 2020, registering a growth rate of 9.3% from 2019. As smartphones are suitable hardware i...
Post a Comment
Read more

How Is 5G Infrastructure Enhancing Reliability of IoT-Enabled Devices?

To cater to the needs of end users, Ciena Corporation, Samsung Electronics Co. Ltd., China Mobile Ltd., KT Corporation, American Tower Corp., Hewlett Packard Enterprise Development LP, Airspan Networks Inc., Cisco Systems Inc., NEC Corporation, AT&T Inc., Huawei Technologies Co. Ltd., Affirmed Networks Inc., Telefonaktiebolaget LM Ericsson, and others are introducing new and advanced solutions and collaborating with other organizations to offer a strong 5G infrastructure. For instance, in June 2019, AT&T Inc. entered into a collaboration with International Business Machines (IBM) Corporation to provide edge computing and wireless 5G networking for business entities. The end user segment of the 5G infrastructure market is categorized into government, commercial, residential, and industrial. Among these, the industrial category is projected to witness the fastest growth during the forecast period, owing to the increasing advancements in IoT technology and expanding opportunities ...
Post a Comment
Read more

How Are Electronic Transactions Propelling Fraud Detection and Prevention System Usage?

To combat the various types of threats effectively, market players like TransUnion LLC and SAS Institute Inc. are offering a hybrid analytical approach. This approach integrates various aspects of fraud detection into one technological solution. Such integrated applications swiftly connect each and every aspect of the fraudulent activity and analyze each strand individually as a potentially greater threat. Thus, These solutions provide a holistic view of fraudulent behavior and support prepayment detection and prevention. Geographically, the North American fraud detection and prevention market generated the highest revenue in 2018. This was due to the wide-scale adoption of cloud-based technologies in small and large businesses, which has resulted in a significant number of fraudulent activities. Moreover, the extensive research and development (R&D) being undertaken for integrating the internet of things (IoT) technology in fraud detection and prevention systems will steer the ma...
Post a Comment
Read more