The global demand for IoT Connectivity Market is presumed to reach the market size of nearly USD 788.16 MN by 2028 from USD 203.63 MN in 2021 with a CAGR of 21.33% under the study period 2022 - 2028.
The Internet of Things (IoT) was developed by combining various technologies, including machine learning, embedded systems, real-time analytics, sensor systems, and more. These systems are connected to machines, digital machines, and computing devices. By activating these devices with an authentic identification number, data can be transmitted over the network without any direct connection between people and machines. Satellite technology, Wi-Fi connectivity, cellular networks, Bluetooth connectivity, RFID, and NFC are a few areas where IoT technology is applied.
Market Dynamics
Increased demand for connected devices, the necessity for dependable, secure, and high-speed network connectivity, and the ability to integrate standalone and non-standalone components of the IoT ecosystem are some of the drivers anticipated to propel market expansion. Moreover, rising productivity and efficiency, innovative business models, the use of IoT technology by businesses globally to provide data-driven insights and income streams, and corporate expansion are the main factors propelling the market growth. Additionally, open-source Internet of Things platforms give users a competitive edge over traditional connectivity platform providers, which could lead to more opportunities for the IoT connection market to expand in the future. Furthermore, the demand for IoT connectivity is driven by the expanding new automation trends in industrial processes, which enable continuous product monitoring and real-time problem-solving for quality issues.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of IoT connectivity. The growth and trends of IoT connectivity industry provide a holistic approach to this study.
Market Segmentation
This section of the IoT connectivity market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Data Management
- Remote Monitoring
- Real-Time Flow Analysis
- Others
By Application
- Smart Manufacturing
- Connected Health
- Smart Retail
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the IoT Connectivity market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global IoT Connectivity Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the IoT connectivity market include AT&T, Cisco, Verizon, Vodafone, Ericsson, Sierra Wireless, Orange Business Services, Telefónica, Telit. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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