Summary
The global IoT Connectivity Solutions Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
IoT refers to the new breed of internet-enabled devices that are designed to provide users with a platform for sensors, actuators and other information to be monitored in their vicinity. The IoT connects together many different devices such as cameras, lights, and microphones to form an intelligent network that collects and distributes real-time data. With all this data, it will be possible to determine situations such as fire, power outages, and other normal conditions. The IoT also be able to allow users to interact with each other and act accordingly.
The rise in demand for connected devices and the need for reliable and secure network connectivity is fueling the growth of IoT connectivity solutions. Moreover, the rising need for decentralized monitoring and predictive development and maintenance of wireless technologies is again contributing to the growth of the market. Increasing demand for the healthcare industry for improving their medical facilities and outcomes is further expected to propel the growth of the market. According to the DATA PROT, as of 2019, more than 26.66 billion IoT devices have been active. It’s estimated that the number of active IoT devices will surpass 30.73 billion in 2020. IoT solutions have the potential to generate $4-11 trillion in economic value by 2025.
North America is projected to exhibit significant growth over the forecast period and this is attributed to the increasing launch of the innovative product by key manufacturers in the region. For instance, in October 2020, Twilio announced the launch of Microvisor, an IoT connectivity and device management platform that offers embedded developers a one-stop-shop for building connected devices, keeping them secure, and managing them through their lifetime.
Key Developments:
- In September 20w0, Telnyx has launched Wireless, a cellular connectivity solution empowering developers to build the next generation of revolutionary IoT applications using a simple API and self-service platform
- In September 2020, AT&T and Microsoft have partnered to deliver an integrated IoT solution to enable enterprises to seamlessly connect machines and equipment to the cloud with highly secure network connectivity across the globe.
- In February 2019, BICS, a global connectivity provider has announced the launch of a pioneering solution for any Internet of Things (IoT) application built on Amazon Web Services (AWS), to automatically onboard devices wherever they are in the world
- In May 2020, NXP launched Ultra-Low Power, Wireless Connectivity for Eco-Friendly Smart Home Devices
The IoT Connectivity Solutions Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the IoT Connectivity Solutions Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- AT&T (US)
- Cisco (US)
- Verizon (US)
- Vodafone (UK)
- Ericsson (Sweden)
- Sierra Wireless (Canada)
- Orange (France)
- Telefnica (Spain)
- Huawei (China)
- Telit (Italy)
- Hologram (US)
- Particle (US)
- Aeris (US)
- Sigfox (France)
- EMnify (Germany)
- Moeco (US)
By the Product Type, the market is primarily segmented into:
- Platform
- Services(Professional Services and Managed Services)
By Applications, the market is segmented into:
- Large Enterprises
- Small and Medium-sized Enterprises
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the IoT Connectivity Solutions Market Report:
- To assess the size of the market by value and volume
- Analyze the IoT Connectivity Solutions Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the IoT Connectivity Solutions Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the IoT Connectivity Solutions Market
The IoT Connectivity Solutions Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the IoT Connectivity Solutions Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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