Global Consumer IoT Market Insights, Size and Growth Forecast To 2027
Global Consumer IoT Market: Overview The Internet of Things refers to establishing a network connection between devices that are not driven by computer technology. This connection between these devices allows remote monitoring, control, and automation, and when the consumer devices bring into the network, it is called the Consumer Internet of Things (IoT). Consumer IoT refers to the billions of personal physical devices, such as wearables, smartphones, fashion items, along with a growing number of smart home appliances that are now connected to the Internet for collecting and sharing data. Customer preferences and behaviour changes, often driven by a younger tech-savvy generation, are encouraging more consumer-oriented industries such as healthcare, retail, financial services, and real estate to adopt the Internet of Things to enable a connected future. The Internet of Things can connect to household appliances, such as refrigerators, washing machines, dryers, trash cans, ...