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(2019 – 2024) Global Internet of Nano Things Market is Anticipated to Reach US$ 22.81 % Billion by 2024 | 360 Market Updates

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Global “Internet of Nano Things Market” report provides a detailed analysis of the market from 2018 to 2023. Internet of Nano Things market report focuses on market capacity, share, current market trends and upcoming future predictions. Global Internet of Nano Things Market is expected to register a CAGR of approximately 22.81% during the forecast period of (2018 – 2023).

360 MARKET UPDATES Report provides a 360-degree overview of the global Internet of Nano Things Market with special emphasis on all aspects including CAGR Status, drivers, restraints, and opportunities, market and regional segmentation.

Internet of Nano Things Market Report Covers Leading ManufacturersCisco Systems, Inc., Intel Corporation, IBM Corporation, Siemens AG, Schneider Electric, Gemalto N.V., SAP S.E., Juniper Networks, Qualcomm, Alcatel-Lucent S.A.

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The Internet of Nano Things market was valued at USD 6.42 billion in 2017, and is expected to reach a value of USD 22.04 billion by 2023, at a CAGR of 22.81%, during the forecast period (2018-2023). The scope of the report is limited to devices offered by major players for Internet of Nano Things market including Nano Cameras, Nano Phones, Nano sensors, Nano Processors, Nano Memory Cards, Nano Power Systems, Nano Antennas, and Nano Transceivers. The end-users considered in the scope of the report include Healthcare, Logistics, Media & Entertainment, Telecom & IT, Defense & Aerospace, Manufacturing, Energy & Power, and Retail. The study also emphasizes on various attack points on materials used for Internet of Nano Things and various regions considered globally.

Nanotechnology, since its development, has provided effective and efficient solutions to a range of applications in biomedical, agriculture, industry and military applications. Nanotechnology has enabled the evolution of Nano-machines – tiny components consisting of an arranged set of molecules performing pre-determined tasks. The interconnection of nano-devices and nano-sensors with the internet has led to the development of a new and more advanced generation standard based on IoT called ‘Internet of Nano Things’ (IoNT). IoNT starts with the networking of several nanomachines. Nano networks, apart from being downscaled networks, have several properties stemming from the nanoscale that question the well-established networking concepts. IoNT operates through two broad areas of communication, which are electromagnetic nano-communications and molecular communications.

The Growth of Application in Various Domains Drives the Growth of Nano Technology

The nanotechnology market has witnessed rapid growth in the last decade, buoyed by technological innovations and their increasing adoption in the healthcare sector. Although the commercial viability of nanotechnology is yet to be ascertained completely, it holds the promise to bring about marked changes in the way humans lead their daily lives. The growing presence of nanotechnology can be clearly determined in the graph listed below, which illustrates the patents filed from major countries. The development of nano-machines with communication capabilities and interconnection with micro- and macro-devices will empower IoNT, which is being increasingly seen as the next major innovation in technology. The World Economic Forum recently released the list of top 10 emerging technologies in 2016, in which nano-sensors and IoNT were ranked first, owing to the potential they hold for the future. This new networking paradigm will have an impact in almost every industry, ranging from Telecom & IT to homeland security or environmental protection. The IoNT platform could offer a much more detailed, inexpensive, and effective data through nanotechnology.

Healthcare is Expected to be One of the Primary Recipients of Such Innovative Technology

The growth in the ageing population, coupled with high expectations for better quality of life and the changing lifestyles, has increased the demand for an improved, more efficient and affordable healthcare. Nanotechnology in this field, when implemented in appropriate manner to medical challenges, such as cancer, diabetes, cardiovascular problems, Parkinson’s or Alzheimer’s disease, inflammatory or infectious diseases, can offer an effective solution. According to the United Nations, One in six of the world’s population is a patient of suffers from neurological disorders. Nanotechnology can be used in chemotherapy, resulting in it being applied directly to cancerous tumors, rather than having toxic chemicals wash through the body. Cancer cases have also been on the rise and about 70% deaths related to cancer have been in the middle or low-income countries. In addition, Nanotechnology is enabling the stimulation of the body’s own mechanisms to successfully repair diseased or damaged tissues, making the need for transplants and artificial organs obsolete.

United States has the Dominant Market in North America Owing to High Adoption Rates in Various Industries

The emergence of nanotechnology in this region has resulted in the technology being widely used in a number of industries. One industry, which has adopted this nanotechnology, is the healthcare industry. Various harmful diseases are proving to be a tremendous challenge for modern medicine. This, coupled with growing consumer health awareness in the region, means for a more advanced technology. Nano medicine was introduced in this industry to overcome this hurdle since it offers a number of potential ways to improve medical diagnosis & therapy, even in regenerating tissues and organs. In addition, IoT platform acts as a medium to communicate with nanotechnology. Similarly, defense & aerospace is another major industry making use of nanotechnology. Nanotechnology is used in drones for drone surveillance and other such factors.

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Reasons to Purchase Internet of Nano Things Market Report:

  • Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge. 
  • Analysing various perspectives of the market with the help of Porter’s five forces analysis.
  • The authentication mode is likely to witness the highest adoption of these systems in the market.
  • The regions that are expected to witness the fastest growth during the forecast period.
  • The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel). 

“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”

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