Latest Study Reports “Internet of Things (IoT) Connectivity Market” Component, Organization Size, Application, Opportunities, and Threats 2021 to 2025” has been added on Adroit Market Research
Dallas, United States - April 22, 2021 /MarketersMedia/ —
The global IoT Connectivity market size is anticipated to reach at USD 10 billion by 2025.The IoT ecosystem is gaining momentum with increasing demand for connected services owing to the highly modernising world and exponential growth in the software services and factors such as the rising need for secure, reliable and high-speed network connectivity globally coupled with the rising population worldwide and the ability of integrating multiple components of the IoT ecosystem both standalone and non-standalone in nature. The IoT connectivity market segments based on major elements one of which is component type differing as platform and services. The applications offered by the IoT connectivity market are diverse including smart energy and utility, building and home automation, smart manufacturing, smart retail, connected health and smart transportation.
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The major players of the global IoT connectivity solution market are AT&T, Verizon, Vodafone, Cisco, Ericsson, Sierra Wireless, Telefónica, Huawei, Telit, Orange, Hologram, Particle, Aeris, Sigfox, and more.
The organization level attributed to the global IoT connectivity market includes small and medium sized enterprises as well as large enterprises involved in the market contributions. However, the large enterprises segment is expected to account for largest market size globally owing to the high investment backup and financial strength along with the early adoption of IoT connectivity platforms. The organizations are segregated based on the employee strength identifying the large enterprises to house more employee population. With cloud services gaining massive popularity and witnessing increasing demand large enterprises are inclined towards deploying cloud services which typically needs IoT connectivity.
Cloud technology enables easy access and management of various important functions withing organizations right from hosting the excessive number of applications in the cloud network an essential chore for large enterprises which basically accomplishes easy management of applications. With the aid of cloud, organizations are successfully achieving improved collaborations coupled with faster and efficient performance, greater agility and quick responsiveness very essential to maximise productivity and efficiency and reducing operational costs eliminating the requirement for server infrastructure. Nonetheless, the small and medium-sized enterprises segment will also a moderate growth.
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The global IoT connectivity market is spread across North America, Europe, Asia Pacific, Latin America and Middle East and Africa with growth predictions indicating North America to account for largest global market share with the existence of countries such as the U.S. and Canada observed as some of the few international players to adopt connectivity technologies at the earliest including cellular-based and the unlicensed low-power wide area network. These countries pose a well-established economic status which are recognized to be highly sustainable which potentially makes them ideal for the IoT connectivity market growth thereby empowering these regions to invest in R&D activities.
Segment Overview of Global IoT Connectivity Market
Component Overview, 2018-2025 (USD Billion)
• Platform
• Services
Organization Size Overview, 2018-2025 (USD Billion)
• SMEs
• Large Enterprises
Application Overview, 2018-2025 (USD Billion)
• Connected Health
• Smart Retail
• Smart Manufacturing
• Building and Home Automation
• Smart Transportation
• Smart Grid & Utilities
• Others
Regional Overview, 2018-2025 (USD Billion)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
• Middle East and Africa
o UAE
o South Africa
o Rest of Middle East and Africa
• South America
o Brazil
o Rest of South America
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