ZigBee Market 2017 Share, Trend, Segmentation and Forecast to 2025 ZigBee Market | Page 2

coming eight years. Moreover, increasing number of ZigBee alliances is also
predicted to augment the market growth of ZigBee enabled devices during the
forecast period from 2017 to 2025. The rapidly growing IoT (Internet of Thing)
market globally is encouraging different industries to participate in the ZigBee
alliance that provides global wireless standards. This alliance supports the member
companies to to manufacture different products having compatibility of ZigBee
certified products. In 2016, the alliance consist of more than 400 members and is
working together to innovate a simple and user friendly ZigBee enabled products
and standards that can be used in various commercial, residential and industrial
applications. The number of alliances is anticipated to increase in the coming years
with the rising popularity of ZigBee technology over other technologies.
However, short range network and low data transfer speed is one of the major
factors limiting many smart home consumers to adopt Zigbee enabled devices in
their home. In addition high replacement cost of ZigBee enabled appliances is also
expected to deter the demand of ZigBee enabled devices in the coming years.
Based on product type, the global market of ZigBee enabled devices is majorly
driven by the connected bulb segment during the forecast period. Connected bulbs
saves energy and can be easily connected with other smart devices. The market of
connected bulbs is anticipated to exhibit the fastest growth rate in the coming years
owing to factors such as global warming and rapid exhaustion of non-renewable
energy sources. These factors trigger the need of energy conservation and in turn
are predicted to increase the adoption rate of these bulbs during the forecast
period.
Geographically, due to high presence of the smart home in North America, this
region held the largest market share of the ZigBee enabled device market across
various regions in 2016. The ZigBee enabled device market of North America is
followed by Europe. However, Asia Pacific region is at the nascent stage and is
predicted to experience a promising growth owing to the growing demand for
wireless technology devices that consumes less power.
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The global Market of ZigBee enabled devices is highly competitive and fragmented
in nature with the presence of large number of market players. Some of the major
players operating in the ZigBee enabled device market include Atmel (U.S), NXP
Semiconductors (Netherlands) and STMicroelectronics (Switzerland) among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections about market size. The
projections featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report serves as a