Internet of Nano Things (IoNT) Market worth $9.69 billion by 2020

2024-12-24 11:28:22 Computer

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The number of connected devices is expected to increase at a rapid pace in the coming years. This is expected to drive further growth in the network size and complexity for real-time traffic handling, as most of these are smart devices having multiple features.To enable interaction among these devices, communication is required between real world physical elements; adopting the Internet of Nano things (IoNT) will facilitate communication over Internet for these devices.

This MarketsandMarkets report outlines the key trends that will shape the evolution of IoNT.The report is segmented into IoNT?s communication types, devices, and regions. Also, this research report analyzes global adoption trends, future growth potential, competitive outlook, ecosystem, and best practices in this market.

This report speaks about the expected market size for the various devices involved in the operations and infrastructure of IoNT. It also highlights the revenue potential of the various communication technologies used for the operations of IoNT. The report consists of the opportunity analysis of various technologies involved such as radio frequency identification (RFID), Wi-Fi, Near Field Communication (NFC), Zigbee, and others.The report analyzes market sizes and revenue forecasts across different regions such as North America (NA),Asia-Pacific(APAC), Europe, Latin America (LA),and Middle East and Africa (MEA).

The IoNT market is expected to grow from $4.26 billion in 2016 to $9.69 billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 22.81% from 2016 to 2020.
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