Increasing traction of 5G networks and satellite networks and increasing deployment of AI-based systems are some key factors driving market revenue growth
The global Internet of Things (IoT) connectivity market size is expected to reach USD 4.52 Billion at a steady CAGR of 18.7% in 2028, according to latest analysis by Emergen Research. This steady market revenue growth can be attributed to increasing demand for IoT controlled devices in smart manufacturing, smart kitchen appliances, smart transportation, and smart grid systems. Rapid increase of IoT connectivity deployment in various applications such as Radio Frequency Identification (RFID), Bluetooth connectivity, cellular networks, satellite networks, Low Power Wide Area Network (LPWAN), and Wi-Fi connectivity are other key factors contributing significantly to global market growth.
The latest market intelligence report, titled ‘Global Internet of Things (IoT) Connectivity Market’, is intended to provide the target audience with the necessary information about the global Internet of Things (IoT) Connectivity industry.
Increasing focus on enhancing consumer experience and to provide improved data security and high-speed network connectivity as well as to improve support and maintenance services has been boosting deployment of IoT connectivity more recently. Technological advancements in communications and to deploy 5G networks and satellite networks to cater to rising demand for high-speed connectivity are factors also expected to fuel growth of the global Internet of Things connectivity market during the forecast period.
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Major companies in the market include Huawei Technologies Co., Ltd., Jasper Technologies, Inc. (Cisco), AT&T Inc., Telefónica, S.A., Ericsson, Vodafone Limited, Verizon Communications, Orange Business Services, Sierra Wireless, and Hologram Inc.
Large enterprises segment revenue growth rate is projected to incline rapidly during the forecast period. Rising adoption of IoT connectivity for manufacturing processes in the large sized industrial enterprises due to high investment capability and early adoption of technologies such as cloud computing, Machine Learning, and AI-based systems to monitor machinery and equipment to enhance operational efficiency are key factors driving growth of this segment.
The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Internet of Things (IoT) Connectivity market players.
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The research study presents an industry-wide summary of the Internet of Things (IoT) Connectivity market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The Internet of Things (IoT) Connectivity7 report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.
The Internet of Things (IoT) Connectivity market report provides an in-depth analysis of the key competitors operating in the industry. The report offers insights into their product portfolio, business overview, financial standing, market position, revenue generation, market share and market size, and production and manufacturing capacity along with pricing analysis.
Emergen Research has segmented the global IoT connectivity market on the basis of component, organization, application, end use, and region:
- Component Outlook (Revenue, USD Billion; 2018–2028)
- Enterprise size Outlook (Revenue, USD Billion; 2018–2028)
- Large Enterprise
- Small and Medium Enterprise
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Building & Home Automation
- Smart Energy & Utility
- Smart Manufacturing
- Smart Grid
- Smart Retail
- Smart Transportation
- End Use Outlook (Revenue, USD Billion; 2018–2028)
- Education and Healthcare
- Defense &Aerospace
- IT & Telecommunication
- Retail & E-commerce
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The Internet of Things (IoT) Connectivity industry report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.
Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered in the Report:
- What is the growth rate of the Internet of Things (IoT) Connectivity market? What is the anticipated market valuation of the Internet of Things (IoT) Connectivity industry by 2027?
- What are the key growth driving and restraining factors of the Internet of Things (IoT) Connectivity market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Internet of Things (IoT) Connectivity industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
Take a look “Table of Content Internet of Things (IoT) Connectivity market”:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2028
Chapter 3. Key Insights
Chapter 4. IoT Connectivity Market Segmentation & Impact Analysis
4.1. IoT Connectivity Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
18.104.22.168. Increasing high speed network connectivity
22.214.171.124. Technological advancement in connected devices
126.96.36.199. Rising focus on consumer experiences
4.2.3. Market restraints analysis
188.8.131.52. Highly competitive with presences of local & global players
184.108.40.206. Rising concern regarding data security and cyber attack
220.127.116.11. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. IoT Connectivity Market By Component Insights & Trends, Revenue (USD Billion)
5.1. Component Dynamics & Market Share, 2018 & 2028
Chapter 6. IoT Connectivity Market By Enterprise size Insights & Trends Revenue (USD Billion)
6.1. Enterprise size Dynamics & Market Share, 2018 & 2028
6.1.1. Large Enterprise
6.1.2. Small and Medium Enterprise
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