Global Internet of Things (IoT) Connectivity Market, By Component (Platform and Services), Application Area (Smart Retail, Smart Manufacturing, Connected Health, Building and Home Automation, Smart Transportation, Smart Grid and Utilities and Others), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), and Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Internet of Things (IoT) Connectivity Market
The internet of things (IoT) connectivity market is expected to witness market growth at a rate of 14.51% in the forecast period of 2021 to 2028. Data Bridge Market Research report on internet of things (IoT) connectivity market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the demand for secure, and high speed network connectivity is escalating the growth of internet of things (IoT) connectivity market.
Internet of Things (IoT) is known to be developed by merging number of technologies like real-time analytics, machine learning, embedded system, sensors system and others. IoT system is internally correlated with mechanical and digital machines and computing devices which are allowed with exclusive identification code and can transfer data on network without direct interaction between human and machine.
Major factors that are expected to boost the growth of the internet of things (IoT) connectivity market in the forecast period are the proliferation of connected devices. Furthermore, the demand for reliable, secure, and high-speed network connectivity is further anticipated to propel the growth of internet of things (IoT) connectivity market. Moreover, the requirement for integrating the standalone and non-standalone components of IoT Ecosystem is further estimated to cushion the growth of the internet of things (IoT) connectivity market. On the other hand, the concerns regarding the data security and cyberattacks on connectivity layer is further projected to impede the growth of the internet of things (IoT) connectivity market in the timeline period.
In addition, the open-source IoT platforms offering a competitive advantage over traditional connectivity platform providers which will further provide potential opportunities for the growth of the internet of things (IoT) connectivity market in the coming years. However, the high bandwidth and energy utilization might further challenge the growth of the internet of things (IoT) connectivity market in the near future.
This internet of things (IoT) connectivity market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the internet of things (IoT) connectivity market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Internet of Things (IoT) Connectivity Market Scope and Market Size
The internet of things (IoT) connectivity market is segmented on the basis of components, application area and organization size. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of components, the internet of things (IoT) connectivity market has been segmented into platform and services.
- On the basis of application area, the internet of things (IoT) connectivity market has been segmented into smart retail, smart manufacturing, connected health, building and home automation, smart transportation, smart grid and utilities and others.
- On the basis of organization size, the internet of things (IoT) connectivity market has been segmented into Large Enterprises, Small and Medium-Sized Enterprises.
Internet of Things (IoT) Connectivity Market Country Level Analysis
The internet of things (IoT) connectivity market is analyzed, and market size, volume information is provided by country, components, application area and organization size as referenced above.
The countries covered in the internet of things (IoT) connectivity market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
North America dominates the internet of things (IoT) connectivity market due to the rise in the acceptance connectivity technologies such as cellular-based and unlicensed low-power wide-area network (LPWAN). Furthermore, the sustainable and well-established economies will further boost the growth of the internet of things (IoT) connectivity market in the region during the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Internet of Things (IoT) Connectivity Market Share Analysis
The internet of things (IoT) connectivity market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the internet of things (IoT) connectivity market.
The major players covered in the internet of things (IoT) connectivity market report are Cisco Systems, Inc., Huawei Technologies Co., Ltd., AT&T Intellectual Property, Telefónica S.A, Telefonaktiebolaget LM Ericsson, Vodafone Limited, Sierra Wireless., Verizon, Orange Business Services, Telit, Hologram, Particle, Aeris., Sigfox, EMNIFY GMBH, Moeco IoT Inc., Softdel, Arm Limited, Multi-Tech Systems, Inc. and Lantronix, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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