Bluetooth 5.0 Market to Hit $11.7 Bn, Globally, by 2031 at 10.9% CAGR: Allied Market Research 

Rise in demand for audio devices, investments in sensing technology, and growing dependency on dual audio streaming drive the growth of the global Bluetooth 5.0 market. On the contrary, reduction in battery life of portable, digital devices and the unavailability of proper data pack transmitting hamper the market growth. However, rise in adoption of quality Bluetooth technology services and development in wireless technology would open new opportunities in the future. 

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/32183 

Covid-19 scenario: 

► The Covid-19 pandemic significantly affected the market, due to lack of skilled workforce, delay or cancelation of products, and prolonged lockdowns across the European and Asian countries. 

► On the other hand, increase in demand for online network connectivity and audio and visual streaming boosted the market growth. 

By offering, the hardware segment held the largest share in 2021, accounting for nearly two-fifths of the global Bluetooth 5.0 market. However, the services segment is expected to register the highest CAGR of 11.3% during the forecast period. Bluetooth 5.0 services supervise constructive effective secure, reliable, and trustworthy systems as well as, reducing hardware and manual data collection costs. Therefore, Bluetooth 5.0 services aid the operational efficiency of various end-users. 

For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/32183 

By organization size, the SMEs segment would showcase the highest CAGR of 13.0% from 2022 to 2031. SMEs typically have constrained cash resources, internal IT skills, and resources. Every small and medium-sized firm (SME) is primarily concerned with making a profit and staying in operation for the long term. However, the large enterprises segment held the largest share in 2021, contributing to more than three-fourths of the global Bluetooth 5.0 market. These businesses are looking at novel approaches to successfully improve their processes. They make investments to deploy Bluetooth 5.0, which allows companies to wireless communicate, automate and navigate in short-range and long-ranges. 

By application, the audio streaming segment is projected to manifest the highest 12.4% during the forecast period. However, the data transfer segment held the largest share in 2021, accounting for nearly two-fifths of the global Bluetooth 5.0 market. This is because Bluetooth 5.0 revolutionized audio and has forever changed the way humans consume media and experience the world. 

Buy Now & Get Exclusive Discount On This Report: https://www.alliedmarketresearch.com/purchase-enquiry/32183 

By region, the global Bluetooth 5.0 market across Asia-Pacific held the largest share in 2021, accounting for nearly two-fifths of the market. In addition, the region is expected to register the highest CAGR of 11.8% during the forecast period. China and India are the emerging markets as enterprises in this region are advancing technologies at a faster rate, which drives the market growth. 

Major market players 

► Broadcom Inc. 

► Infineon Technologies AG 

► Microchip Technology Inc. 

► Nordic Semiconductor 

► NXP Semiconductors 

► Qualcomm Technologies, Inc. 

► Realtek Semiconductor Corp. 

► Silicon Laboratories, Inc. 

► STMicroelectronics 

► Texas Instruments Incorporated. 

Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/32183    

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia. 

If you have any special requirements, please let us know and we will offer you the report as per your requirements. 

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. 

About us: 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains. 

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. 

This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

Contact:  

David Correa  

5933 NE Win Sivers Drive  

#205, Portland, OR 97220  

United States  

Toll-Free: 1-800-792-5285  

UK: +44-845-528-1300  

Hong Kong: +852-301-84916  

India (Pune): +91-20-66346060  

Fax: +1-855-550-5975  

help@alliedmarketresearch.com  

Web: https://www.alliedmarketresearch.com  

Follow Us on: LinkedIn Twitter 

Leave a comment

Your email address will not be published. Required fields are marked *