Connected Devices and Wearables Procurement Intelligence expected to grow at a CAGR of 14.6% from 2023 to 2030.
Connected Devices and Wearables Procurement Intelligence In this connected devices and wearables procurement intelligence report, we have estimated the pricing of the key cost components. Hardware, software, and connectivity form the largest cost component of the connected devices and wearables businesses. Together, they account for about 80% of the total cost. The cost also depends on the type of manufacturing process undertaken, marketing, and support provided for the product. For example, in developing an IoT-based wearable connected device, the connectivity costs of a system of connected devices that communicate over a cellular network are typically around USD 0.04 per megabyte. Some telecom carriers offer narrowband pricing options for businesses, charging USD 6 per device per year. Ranging in form and complexity from bare-metal firmware to customized Android, software may add up to USD 20,000 to the overall cost estimate. If a third-party gadget is incorporated into ...