ZIGBEE MARKET ANALYSIS

Regional Analysis

Global ZigBee Market: Regional Insights

North America accounted for the largest market share in 2017, where the U.S. and Canada were the major growth engines. The factors driving growth of the market in this particular region are rising digitalization, rapid technological advancements, increasing penetration of internet users, rising popularity of smart homes and smart devices among the users, and others. For instance, according to InternetLiveStats’ analysis, in the U.S. the total number of internet users in 2015 was 283,712,407 and it has increased to 286,942,362 in 2016. Additionally, according to Coherent Market Insights’ analysis, in the U.S. in 2016, the installed base Internet of Things (IoT) devices in households was 228 million and has grown up to 240 million in 2017. Additionally, according to Coherent Market Insights’ analysis, the sales of smart homes in 2016 was US$ 1.22 billion and reached to US$1.51 billion in 2017. Hence, these factors will help in propelling growth of ZigBee market in North America.