IoT Connectivity Market Study by Key Players, Type and Application, Future Growth to 2030 –

The of the global Internet of Things (IoT) connectivity market has reaches USD 5.91 billion in 2021 and is expected to register a revenue CAGR of 24.1% during the forecast period, according to the latest analysis from Emergen Research. The increasing use of wireless communication protocols such as Bluetooth, Zigbee and others in IoT devices is driving the market revenue growth.

IoT is a network of interconnected computing devices, primarily mechanical and digital machines, which are assigned unique identifiers and thus allow the transfer of data within them over a network without the need for human-computer interaction. It works by connecting these devices to a cloud-based application that shares information and data. When the data reaches the cloud, the software processes it and decides what action to take. There is also a user interface that allows the user to manually verify information or prompt for any action.

Researchers have reviewed all the factors influencing the growth of the IoT Connectivity Market globally and regionally. The report considers the COVID-19 pandemic as one of the major factors influencing the IoT connectivity market. The pandemic has disrupted the supply chains and economic scenario of the market and hampered the growth of the market. The report examines in detail the overall impact of the COVID-19 pandemic on the IoT Connectivity market and its key segments. The report also offers current and future impact of the COVID-19 pandemic on the market.

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  • users to control their home appliances. It also optimizes its performance and offers better energy conservation. Smart thermostats, such as the Nest from Nest Labs Inc., provide an integrated Wireless Fidelity (Wi-Fi) ecosystem, allowing users to schedule, monitor and control them remotely. These devices also adapt to user preferences and therefore automatically adjust to provide maximum comfort and efficiency. IoT-based home automation systems control devices through internet protocols and cloud computing and offer benefits such as ease of installation and fault detection.
  • The manufacturing segment accounted for the second largest revenue share in 2021. IoT devices linked with other advanced technologies have made manufacturing processes much more efficient and optimized. The IoT with millions of connected modules enables the collection of data from various industrial processes, which is then used by industry professionals to make informed decisions. Additionally, technologies such as artificial intelligence (AI), machine learning, and high-speed network connectivity such as 5G have helped streamline IoT operations. 5G networks, for example, are boosting business operations by making them more agile and flexible. It also offers faster speed, lower latency and increased bandwidth. Additionally, IoT applications and devices communicate with machines in real time and collect data from them. This data is then processed using cloud software to produce meaningful information that can be used to make future decisions.

The competitive landscape of the report has been formulated considering all the essential parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial condition, market position and expansion plans. The report also examines in detail recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government agreements, and partnerships, among others. The report also sheds light on recent technological developments and product advancements in the IoT Connectivity market.

Furthermore, the report provides details about new players entering the market, barriers to entry and offers strategic recommendations to overcome these hurdles to gain a substantial presence in the industry.

The major players operating in the IoT connectivity industry are:

Huawei Technologies Co. Ltd., Cisco Systems, Inc., AT&T Intellectual Property, Telefónica, Telefonaktiebolaget LM Ericsson, Vodafone Group Plc., Verizon, Orange Business Services, Sierra Wireless and Hologram Inc.en

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Emergen Research has segmented the global IoT connectivity market on the basis of component, application, deployment type, end use, and region:

  • Components Outlook (Revenue, USD Billion; 2019-2030)

oh Equipment

oh Software

oh Services

  • Application Outlook (Revenue, USD Billion; 2019-2030)

oh Building and home automation

oh Smart Energy & Utility

oh Smart Manufacturing

oh Smart Grid

oh Smart-Retail

oh Smart Transportation

oh Others

  • Outlook Deployment Type (Revenue, USD Billion; 2019-2030)

oh On the site

oh cloud

  • End-Use Outlook (Revenue, USD Billion; 2019-2030)

oh Education and health

oh Defense and aerospace

oh Information technology and telecommunications

oh Retail and e-commerce

oh Manufacturing

oh Others

  • Regional Outlook (Revenue, USD Billion; 2019-2030)

oh North America

  1. United States
  2. Canada
  3. Mexico

Where Europe

  1. Germany
  2. France
  3. UK
  4. Italy
  5. Spain
  6. Benelux
  7. Rest of Europe

Where Asia Pacific

  1. China
  2. India
  3. Japan
  4. South Korea
  5. Rest of APAC

Where Latin America

  1. Brazil
  2. Rest of LATAM

oh Middle East and Africa

  1. Saudi Arabia
  2. WATER
  3. South Africa
  4. Turkey
  5. Rest of MEA

The comprehensive Global IoT Connectivity Market report added by Emergen Research demonstrates that the global IoT Connectivity Market is expected to grow at a stable CAGR throughout the forecast period. The report has analyzed key market drivers, restraints, growth opportunities, investment opportunities, threats and limitations of the IoT Connectivity Market. The report also offers an accurate forecast estimate at global and regional level to give a better understanding of the scope of the market.

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Sweeping Features of IoT Connectivity Market Report:

  • The report includes an overview of the IoT Connectivity market along with market share, supply and demand ratio, production and consumption patterns, supply chain analysis and other elements ley
  • An in-depth analysis of the different approaches and procedures undertaken by key players to conduct their business effectively
  • Offers an overview of production and manufacturing value, products and services offered in the market, and fruitful information on investment strategies
  • Supply chain analysis along with the technological advancements offered in the report
  • The report covers in-depth analysis of trends, drivers, restraints, limitations, threats and growth opportunities in the IoT Connectivity industry

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IoT Connectivity Market Study by Key Players, Type and Application, Future Growth to 2030 –

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