The global cordless vacuum cleaners market is expected to grow from $19.10 billion in 2019 to $20.33 billion in 2020 at a compound annual growth rate (CAGR) of 6.41%. The growth is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing and fear in the minds of people to allow household help inside. The market is then expected to grow and reach $24.15 billion in 2023 at CAGR of 5.92%.
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The Internet of Things (IoT) market consists of sales of IoT and related services that are used in building and home automation, smart energy and utilities, connected logistics, smart retail, smart mobility, and transportation. IoT is a collection of interconnected smart devices, mechanical and digital machines, objects, animals or people supplied with unique identifiers (UIDs) and the ability to transmit data across a network without needing human-to-human or human-to-computer interaction.
Global Internet Of Things (IoT) Market Segmentation –
The IoT market covered in this report is segmented
1) By Platform: Device Management, Application Management, Network Management
2) By End Use Industry: BFSI, Retail, Government, Healthcare, Manufacturing, Transportation, IT & Telecom, Others
3) By Application: Building And Home Automation, Smart Energy And Utilities, Smart Manufacturing, Connected Logistics, Smart Retail, Smart Mobility And Transportation, Others
Global Internet Of Things (IoT) Market Drivers –
Increasing disposable income coupled with growing consumer awareness about health & hygiene among the urban population is contributing to the cordless vacuum cleaners market growth. The rise in income levels of the populace is enabling people to spend more on health and hygiene products.
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A Few Points From The Global Internet Of Things (IoT) Market ToC
1. Executive Summary
2. Internet Of Things (IoT) Market Characteristics
3. Internet Of Things (IoT) Market Size And Growth
3.1. Global Internet Of Things (IoT) Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Internet Of Things (IoT) Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Internet Of Things (IoT) Market Segmentation
5. Internet Of Things (IoT) Market Regional And Country Analysis
5.1. Global Internet Of Things (IoT) Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Internet Of Things (IoT) Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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