Internet of Things (IoT) connectivity Market Size, Share, Top Key Players, Growth, Trend and Forecast Till 2027
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. Increasing traction of 5G networks and satellite networks and increasing deployment of AI-based systems are some key factors driving market revenue growth. As part of the effort, AT&T is working with Microsoft to deliver an integrated IoT solution with Azure Sphere Also, the customizations are available for this report and can be availed by the purchaser. IoT Connectivity Market Report mainly improves market size,and provide detailed product mapping and investigation of various market scenarios. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the IoT Connectivity market dynamics that helps market analysts estimate the global market growth rate over the projected timeline. Smart energy & utility segment accounted for a significantly large revenue share in the IoT connectivity market in 2020. This is the latest report that is inclusive of the current effect of the coronavirus on the market and its forecasted trend. The coronavirus attack on the world economy has impacted all, and thus its impacts are elucidated in-depth in the report for the IoT Connectivity market. Rising focus on enhancing customer experience, enhancement of utility and networking in support and maintenance of organizations are other factors driving growth of the Internet of Things connectivity market in the region, and the trend is expected to continue over the forecast period.
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IT & telecommunication segment accounted for a significantly large revenue share in the Internet of Things connectivity market in 2020. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. 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. IoT Connectivity Market Size – USD 4.52 Billion in 2020, Market Growth – at a CAGR of 18.7%, Market Trends – Increasing automation in industries. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies. In September 2020, AT&T Inc., which is the leader in IoT connectivity, teamed up with Microsoft to enable enterprises to seamlessly connect machines and equipment to the cloud with highly secure network connectivity across the globe. 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.
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.
Emergen Research has segmented the global IoT connectivity market on the basis of component, organization, application, end use, and region:
Enterprise size Outlook (Revenue, USD Billion; 2018–2028)
Small and Medium Enterprise
Application Outlook (Revenue, USD Billion; 2018–2028)
Building & Home Automation
Smart Energy & Utility
End Use Outlook (Revenue, USD Billion; 2018–2028)
Education and Healthcare
IT & Telecommunication
Retail & E-commerce
Component Outlook (Revenue, USD Billion; 2018–2028)
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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 addressed in the report:
What are the key factors driving the global IoT Connectivity market?
Who are the key manufacturers in this market space?
Who are the distributors, traders and dealers of this market?
What are the market opportunities and risks affecting the performance of the vendors in the global IoT Connectivity market?
What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?
Chapter 1: Methodology & Scope
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
- Business trends
- Regional trends
- Product trends
- End-use trends
- Industry segmentation
- Industry landscape
- Vendor matrix
- Technological and innovation landscape
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
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