Expansion of connected devices and surge in need of secure, reliable & high-speed connectivity drive the growth of the IoT connectivity market globally. Moreover, the rise in need of integrating standalone as well as non-standalone components of IoT ecosystem further fuels the growth of the IoT connectivity market globally. However, complicated design of the IoT gateway with semi-skilled professionals in small and medium scale enterprises restraints the growth of the market. Furthermore, the integration of blockchain with IoT and the rise in the adoption of IoT in telecommunication companies are expected to create more opportunities for the growth of the IoT connectivity market. Also, a rise in awareness about the benefits of IoT open-source platforms over traditional connectivity is expected to create lucrative opportunities during the forecast period.
The IoT connectivity market is segmented on the basis of component, application, enterprise size, industry vertical, and region. By component, it is classified into solution and service. These services segment is further bifurcated into professional service & managed service. By application, it is divided into building & home automation, smart energy & utility, smart manufacturing, connected health, smart retail, smart transportation, and others. By enterprise size, it is categorized into small & medium size and large size enterprises. By industry vertical, it is classified into BFSI, healthcare, defense and aerospace, IT & telecommunication, retail & e-commerce, manufacturing, education, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players such as – Aeris,AT&T Intellectual Property, Cisco System, Huawei Technologies Co., Ltd.,Orange,Sierra Wireless, Telefonaktiebolaget LM Ericsson, Telefónica S.A.,Telits, VerizonandVodafone Idea Limit.
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Geographies covered such as – North America (the U.S., Canada and Mexico), Europe (Germany, France, Italy, Spain, UK and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and the Rest of Asia Pacific), LAMEA (Brazil, Saudi Arabia, South Africa and the Rest of LAMEA)
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The report offers key drivers that propel growth in the global market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.
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