In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
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What is ZIGBEE?
ZigBee is a type of wireless technology that is used for establishing device to device communication or machine to machine communication. It is based on the Institute of Electrical and Electronics Engineers (IEEE) Standards Association’s 802.15 specification. This technology is designed specially for control and sensor networks on IEEE 802.15.4 standard for wireless personal area networks (WPANs). It can operate on 2.4 GHz, 900 MHz and 868 MHz frequencies. Various benefits are offered such as low cost, low power, flexibility, easy installation, more reliable, less complex and many more. ZigBee is used in different applications such as alarm systems, lighting control, medical data collection multi-channel control systems, and many other industrial applications. Rising demands for smart homes is stimulating ZIGBEE market.
Global ZIGBEE Market Outlook
Rapid growth in IoT (Internet of Thing) technology, rising adoption simple and user friendly ZigBee enabled products and standards in various applications as well as rapidly growing smart homes market have been driving the global ZIGBEE market. On the other hand, factor such as short range network and low speed of data transfer might hamper the overall growth at a global level.
Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global ZIGBEE Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global ZIGBEE Market Competitive Landscape
The “Global ZIGBEE Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such Digi International, NXP Semiconductors N.V., Renesas Electronics Corporation, Microchip Technology, STMicroelectronics, Texas Instruments Inc., GreenPeak Technologies, Silicon Laboratories. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global ZIGBEE Market Segmentation, by standards
ZigBee remote control 2.0
ZigBee remote control 2.0