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Press Release:

Global IoT Connectivity Market to Grow at 24.80% During 2022-2027, Bolstered by Emerging Automation Trend

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

IoT Connectivity Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global IoT connectivity market is expected to exhibit a CAGR of 24.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Internet of Things (IoT) connectivity refers to a network solution that provides a communication platform and network infrastructure for connecting IoT devices. It relies on a range of technologies, depending on the use cases. For instance, a Wi-Fi system is an extensively utilized frequent technology for wireless communication that provides internet services to devices like smartphones, computers, and laptops. At present, low power wide area network (LPWAN) is widely adopted in rural, offshore, and other areas with minimal accessibility as it is secure and reliable and consumes less power. 

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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IoT Connectivity Market Trends:

Companies around the world are relying on IoT technology to derive data-driven insights, boost productivity and efficiency, create new business models and revenue streams, and expand business globally. This represents one of the major factors propelling the market growth. Moreover, the emerging automation trend in industrial processes is driving the demand for IoT connectivity to monitor products and address quality defects in real-time continuously. Apart from this, IoT wearables are gaining widespread adoption in the healthcare industry as they enable health analytics to monitor a patient remotely. They are also utilized to track the health and safety of workers that are employed in hazardous conditions, which is contributing to the market growth. Furthermore, the boosting sales of connected cars due to increasing preferences for luxurious driving experiences are catalyzing the demand for IoT connectivity to aid device-to-device communication. Besides this, rising investments by governments of several economies on the development of smart cities are expanding the applications of IoT connectivity. It assists in reducing energy consumption and improving building performance, waste management, urban space management, use of street lighting, outdoor air quality, and road safety.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global IoT connectivity market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, application, enterprise size and end use industry.

Breakup by Component:

 

 
 

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  • Solutions
  • Services
     

Breakup by Application:

  • Buildings and Home Automation
  • Smart Energy and Utility
  • Smart Manufacturing
  • Smart Retail
  • Smart Transportation
  • Others
     

Breakup by Enterprise Size:

  • Small and Medium-sized Enterprises
  • Large Enterprises
     

Breakup by End Use Industry:

  • BFSI
  • Healthcare
  • Travel and Hospitality
  • Defense and Aerospace
  • IT and Telecommunication
  • Retail and E-Commerce
  • Manufacturing
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aeris, AT&T Inc., Cisco Systems Inc., Huawei Technologies Co. Ltd., Orange, Sierra Wireless, Sigfox, Telefonaktiebolaget LM Ericsson, Telefónica S.A., Telit, Verizon Communications Inc. and Vodafone Group Plc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Application, Enterprise Size, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aeris, AT&T Inc., Cisco Systems Inc., Huawei Technologies Co. Ltd., Orange, Sierra Wireless, Sigfox, Telefonaktiebolaget LM Ericsson, Telefónica S.A., Telit, Verizon Communications Inc. and Vodafone Group Plc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global IoT connectivity market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global IoT connectivity market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the enterprise size?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global IoT connectivity market and who are the key players?
  • What is the degree of competition in the industry?

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global IoT Connectivity Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Component
    6.1    Solutions
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Services
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by Application
    7.1    Buildings and Home Automation
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Smart Energy and Utility
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Smart Manufacturing
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Smart Retail
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Smart Transportation
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8   Market Breakup by Enterprise Size
    8.1    Small and Medium-sized Enterprises
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Large Enterprises
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by End Use Industry
    9.1    BFSI
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Healthcare
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Travel and Hospitality
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Defense and Aerospace
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    IT and Telecommunication
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Retail and E-Commerce
        9.6.1 Market Trends
        9.6.2 Market Forecast
    9.7    Manufacturing
        9.7.1 Market Trends
        9.7.2 Market Forecast
    9.8    Others
        9.8.1 Market Trends
        9.8.2 Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Analysis
15  Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Aeris
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    AT&T Inc.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    Cisco Systems Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    Huawei Technologies Co. Ltd.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    Orange
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    Sierra Wireless
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    Sigfox
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    Telefonaktiebolaget LM Ericsson
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Telefónica S.A.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Telit
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
        15.3.11    Verizon Communications Inc.
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    Vodafone Group Plc
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 Financials
           15.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: IoT Connectivity Market: Major Drivers and Challenges
Figure 2: Global: IoT Connectivity Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: IoT Connectivity Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: IoT Connectivity Market: Breakup by Component (in %), 2021
Figure 5: Global: IoT Connectivity Market: Breakup by Application (in %), 2021
Figure 6: Global: IoT Connectivity Market: Breakup by Enterprise Size (in %), 2021
Figure 7: Global: IoT Connectivity Market: Breakup by End Use Industry (in %), 2021
Figure 8: Global: IoT Connectivity Market: Breakup by Region (in %), 2021
Figure 9: Global: IoT Connectivity (Solutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: IoT Connectivity (Solutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: IoT Connectivity (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: IoT Connectivity (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: IoT Connectivity (Buildings and Home Automation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: IoT Connectivity (Buildings and Home Automation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: IoT Connectivity (Smart Energy and Utility) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: IoT Connectivity (Smart Energy and Utility) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: IoT Connectivity (Smart Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: IoT Connectivity (Smart Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: IoT Connectivity (Smart Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: IoT Connectivity (Smart Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: IoT Connectivity (Smart Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: IoT Connectivity (Smart Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: IoT Connectivity (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: IoT Connectivity (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: IoT Connectivity (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: IoT Connectivity (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: IoT Connectivity (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: IoT Connectivity (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: IoT Connectivity (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: IoT Connectivity (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: IoT Connectivity (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: IoT Connectivity (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: IoT Connectivity (Travel and Hospitality) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: IoT Connectivity (Travel and Hospitality) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: IoT Connectivity (Defense and Aerospace) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: IoT Connectivity (Defense and Aerospace) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: IoT Connectivity (IT and Telecommunication) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: IoT Connectivity (IT and Telecommunication) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: IoT Connectivity (Retail and E-Commerce) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: IoT Connectivity (Retail and E-Commerce) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: IoT Connectivity (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: IoT Connectivity (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Global: IoT Connectivity (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Global: IoT Connectivity (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: North America: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: North America: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: United States: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: United States: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Canada: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Canada: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Asia-Pacific: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Asia-Pacific: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: China: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: China: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Japan: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Japan: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: India: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: India: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: South Korea: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: South Korea: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Australia: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Australia: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Indonesia: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Indonesia: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Others: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Others: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Europe: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Europe: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Germany: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Germany: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: France: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: France: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: United Kingdom: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: United Kingdom: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Italy: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Italy: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Spain: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Spain: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Russia: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Russia: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Others: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Others: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Latin America: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Latin America: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Brazil: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Brazil: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Mexico: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Mexico: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Others: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Others: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Middle East and Africa: IoT Connectivity Market: Sales Value (in Million US$), 2016 & 2021
Figure 92: Middle East and Africa: IoT Connectivity Market: Breakup by Country (in %), 2021
Figure 93: Middle East and Africa: IoT Connectivity Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Global: IoT Connectivity Industry: SWOT Analysis
Figure 95: Global: IoT Connectivity Industry: Value Chain Analysis
Figure 96: Global: IoT Connectivity Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: IoT Connectivity Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: IoT Connectivity Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: IoT Connectivity Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: IoT Connectivity Market Forecast: Breakup by Enterprise Size (in Million US$), 2022-2027
Table 5: Global: IoT Connectivity Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 6: Global: IoT Connectivity Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: IoT Connectivity Market: Competitive Structure
Table 8: Global: IoT Connectivity Market: Key Players


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