Wirelessly connected devices are physical devices that communicate with one another and with other systems via the internet. Traditional computing hardware such as computers, laptops, and mobile devices such as smartphones and tablets are examples of wirelessly connected devices. Furthermore, a growing number of wirelessly connected devices include household appliances, heating and cooling systems, and health and fitness monitoring devices. These wirelessly connected devices are remotely monitored and controlled. They communicate with one another via the internet and use protocols such as Wi-Fi, NFC (Near-field Communication), 3G, and 4G networks.
Smart devices are majorly getting adopted across the globe, owing to their advantages such as portability, convenience, and easy connectivity. Smart home devices such as Amazon Echo, Google Home are able to communicate and perform various tasks such as controlling internal security systems, household lighting systems, managing household smart devices, which is expected to boost the adoption of wirelessly connected devices market over the forecast period. For instance, according to Coherent Market Insights’ analysis, in the year 2020, approximately 300 million smart speakers were in use globally, and it is expected that this number will be doubled by the year 2024.
In addition, Xiaomi, Samsung, Apple are some of the prominent players in the wireless connected devices market, and these market players are engaged in launching of advanced wireless devices for increasing the market share. For instance, in February 2021, Xiaomi, a multinational electronics product manufacturing company, launched Mi Neckband Bluetooth Earphones Pro and Mi Portable Bluetooth Speaker in India. The wireless neckband earphones are equipped with active noise cancellation technology.
Major players operating in the global wireless connected devices market include Apple Inc., Google, HP Development Company, L.P, Huawei Technologies Co., Ltd, Lenovo, LG Electronics, Microsoft, Samsung Corporation, Xiaomi, Verizon, and ZTE Corporation.
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