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IoT Connectivity Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Report Format: PDF+Excel | Report ID: SR112023A4583
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: Information in the above chart consists of dummy data and is 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?
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