The increasing need for remote monitoring of equipment, growing market for wearable and smart devices, and advancements in connectivity technologies play a significant role in the growth of the WSN market.

The wireless sensor network (WSN) market was valued at USD 29.06 Billion in 2016 and is expected to reach USD 93.86 Billion by 2023, at a CAGR of 18.55% between 2017 and 2023.You can download complete pdf brochure here: http://bit.ly/1twmRQ1

This wireless sensor network market, in this report has been segmented on the basis of offering, sensor type, connectivity type, end-user industry, and region.

On the basis of offering, the wireless sensor network market has been segmented into hardware, software, services. The software components of WSNs include platforms and solutions that are vital for applications such data collection or remote monitoring.

The WSN market, on the basis of sensor type, has been segmented into various sensors. Ambient light sensors have a wide range of applications in industries such as automotive, retail, wearable devices, and building automation.

In comparison to other wireless connectivity technologies, NFC is a customized technology as it combines the interface of a reader and a smartcard into a single device. It enables two-way interactions between electronic devices, especially smartphones, allowing users to access digital content, make contactless payment transactions, and connect and share information between IoT-enabled electronic devices.

The WSN market, on the basis of end-user industry, has been segmented into building automation, wearable devices, healthcare, industrial, automotive & transportation, oil & gas, retail, agriculture, aerospace & defense, and BFSI.

The need for increased level of security, activity monitoring, and access control has led to the rise in the demand for WSNs. The high adoption of building automation systems to increase energy efficiency to save energy and costs is also contributing to the growth of the WSN market for building automation.

The wireless sensor network market in APAC is expected to grow at a high rate between 2017 and 2023. The companies covered in this report are Intel Corporation (US), ABB Ltd. (Switzerland), Texas Instruments Inc. (US), Huawei Investment & Holding Co., Ltd. (China), Cisco Systems Inc. (US), STMicroelectronics N.V. (Netherlands), TE Connectivity Ltd. (Switzerland), etc.

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