Global IoT Connectivity Market Overview:
IoT connectivity is a new development that supports digital transformation, with the development of IoT connectivity, companies grow new revenues. With the growing trend of connected devices is growing in a rapid manner helps them changing companies’ business model. This provides end-to-end IoT connectivity. According to the industry leader Cisco, machine to machine is leading connectivity and covers 50% market share of all connections by 2023 and growing at the rate of 19%. In FY 2019, the Global IoT devices market witness USD 9.5 billion, and expected to grow at a rapid pace. Some of the players profiled in the study are AT&T (United States), Cisco (United States), Verizon (United States), Vodafone (United Kingdom), Ericsson (Sweden), Sierra Wireless (Canada), Orange (France), Telefónica (Spain), Huawei (China) and Telit (Italy).
On the basis of geography, the market of IoT Connectivity has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Platform will boost the IoT Connectivity market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Cellular IoT Technologies will boost the IoT Connectivity market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organizations Size, the sub-segment i.e. Small and Medium Size Organizations will boost the IoT Connectivity market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- The Explosion of Connected Devices
- Growing Requirement of Reliable, Secure, and High-Speed Network Connectivity
- Rise in Demand for Integrating the Standalone and Non-Standalone Components of IoT Ecosystem
- Mobile Internet
- Cloud Technology
- Autonomous and Near-Autonomous Vehicles
- Next Generation Genomics
- Edge Computing
- Data Security Concerns and Cyberattacks on Connectivity Layer
- Increase Availability of Machine to Machine Connectivity
- Development in IoT Value Chain
- Increase Government Investment Towards the Digitization
- The Fluctuation of Government Regulations from Country to Country
- It Required High Bandwidth and Energy Consumption
Key Market Developments:
In Feb 2020, Cisco announced the development of its IoT portfolio by offers optimized management of cellular IoT environments and new 5G use cases. With the help of new wireless technologies including 5G, Wi-Fi 6 delivers advanced industrial IoT to provide complete cellular IoT offerings for their customers.
The companies are operating in this industry are highly spending on expanding their geographical footprint across the globe by adopting various marketing strategies such as mergers & acquisitions, expansions, investments, new solution launches, and others. The market player is enhancing new product portfolio through expansions and acquisitions across the globe to gain high market share.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, IoT Connectivity Providers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global IoT Connectivity market on the basis of product  , application [Retail, Health, Building and Home Automation, Transportation and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the IoT Connectivity market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the IoT Connectivity industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Hologram (United States), Particle (United States), Aeris (United States) and Sigfox (France).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the IoT Connectivity market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.