Internet of Nanothings (IoNT) market size is expected to reach USD 46.09 Billion in 2028 and register a revenue CAGR of 22.1% over the forecast period, according to the latest report by Emergen Research. Emergence of nanotechnology and increasing adoption of IoNT among various domains such as aerospace & defense, healthcare & life science, and others are key factors driving global IoNT market revenue growth.

IoNT is an emerging technology, which has the ability to solve a number of connectivity challenges. IoNT is integrated with nanotechnology, which interconnects multiple nano-sized devices within existing networks. Nanotechnologies embedded into an IoNT system can be used for various purposes such as monitoring and surveillance. IoNT stores real time data, which can be used in diversification of nano applications. With the help of IoNT, new opportunities can be created to build a powerful industrial structure such as smart buildings and others.

IoNT functions on advanced technologies, which helps to connect digital and physical services. It makes transmission and communication of data easier within a given range of network. IoNT involves a large number of nanosensors that provide more precise and detailed information about a particular object, which helps to better understand the behavior of an object. Rising adoption of nanotechnology in the healthcare sector and increasing government spending for improvement and adoption of innovative technologies are some key factors driving growth of the IoNT market.

The all-encompassing report on the Internet of Nanothings market projects the prospective growth of the industry. It gives and extensive analysis of the market size, share, demand, trends, gross revenue, total earnings to draw a forecast of the growth in the years 2021 to 2028. The study estimates the potential growth of the industry and the factors responsible for the expansion of the business. The study highlights the driving forces, restrains and hurdles for the growth of the market.

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It sheds light on the major companies that contribute significantly to the global sector. The report studies the presence of these companies in major geographical regions and their individual placement in the worldwide business. It helps in projecting the growth of Internet of Nanothings through the years and in predicting its expansion in the forecasted time span. The increase in the demand for the product is boosting the overall production to ensure a smooth functioning demand-supply chain.

Top Companies Operating in the Internet of Nanothings Market and Profiled in the Report are: Cisco Systems Inc., Huawei Technologies Co., Ltd., Intel Corporation, International Business Machines (IBM) Corporation, Qualcomm Technologies, Inc., Robert Bosch GmbH, Bruker Corporation, Agilent Technologies, Inc., Juniper Networks, Inc., and SAP SE.

The study aims to provide a forecast of the growth of the Internet of Nanothings market by examining the market size, share, demand, trends, and gross revenue of the industry. Further, it provides a competitive analysis and SWOT analysis.  The report segments the industry based on product type, application and end-use. It highlights the emerging trends as well as the novel technology that are visible in the market. The research offers a clear look at the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.

 Key Highlights From the Report

In July 2021, Malaysian government announced new Fourth Industrial Revolution (4IR), which aimed at accelerating Malaysian industries and society to navigate through the rapidly evolving digital and technological realms. This policy is expected to provide support to innovative businesses and social enterprises that leverage 4IR technology to solve socio-economic issues. 4IR will also prioritize public sector Research and Development (R&D), and commercialization programs, and will gather funding for advancement of new technologies such as Internet of Things (IoT) and IoNT.

Nano camera segment accounted for significantly large revenue share in 2020 owing to smaller size, which can be used for various purposes such as medical imaging, and collision avoidance detectors for vehicles. It also improves the accuracy of motion tracking and gesture-recognition devices, which helps to enhance interactive gaming experiences.

Healthcare & life science segment accounted for significantly robust revenue share in 2020 and is expected to register a rapid growth rate during the forecast period. IoNT can detect life threatening diseases in early stages, and helps to collect real time data from patients, which can provide lifesaving medical treatments.

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Emergen Research has segmented the global Internet of Nanothings (IoNT) market on the basis of product type, communication type, network architecture type, application type, and region:

Product Type Outlook (Revenue, USD Billion; 2018–2028)

Nano Phones

Nano Cameras

Nanosensors

Nano Processors

Nano Memory Cards

Nano Power Systems

Nano Antennas & Transceivers

Others

Communication Type Outlook (Revenue, USD Billion; 2018-2028)

Short-Distance Communication

Near-Field Communication (NFC)

Zigbee

Femtocell

LI-FI

Ultra-Wideband (UWB)

Long-Distance Communication

Radio Frequency Identification (RFID)

WI-FI

Network Architecture Type Outlook (Revenue, USD Billion; 2018–2028)

Nano-Nodes

Nano-Routers

Nano-Micro Interface Devices

Gateway

Application Type Outlook (Revenue, USD Billion; 2018–2028)

Aerospace & Defense

Healthcare & Life Science

Agriculture

Media & Entertainment

Transportation & Logistics

Others

The report on the Internet of Nanothings market employs both primary and secondary research to examine its import and export, demand and supply, consumption power, spending capacity and distribution channel worldwide. The report evaluates the market standing of key manufacturers and sheds light on the strategies they have adopted to stay competitive. The study also applies qualitative and quantitative methods to assess the annual and financial performance of the top vendors and insights from market leaders. Extensive coverage of the recent trends and developments including joint ventures, collaborations, investments, product launches and acquisitions and mergers constitute a substantial part of the research on the Internet of Nanothings market for the forecast period from 2021 to 2028.

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The research provides answers to the following key questions:

What will be the growth rate of the Internet of Nanothings market for the forecast period, 2021 to 2028? What will be the market size and the share occupied by the prominent vendors by the estimated period?

What are challenges and threats faced by the prominent vendors operating in the Internet of Nanothings market?

Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?

What are the past, present and emerging trends likely to influence the growth rate of the Internet of Nanothings market for the forecast period, 2021 to 2028?

What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?

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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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