IoT Connectivity Market Key Highlights:
- Market Size (2024): USD 3.81 Billion
- Projected Market Size (2034): USD 11.53 Billion
- CAGR (2023-2034): 11.7%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
IoT Connectivity Market
The IoT connectivity market is a growing industry in the IT sector. This industry provides internet connectivity services worldwide. The various components of this market include platforms and services. The various services of this industry consist of professional services and managed services. This industry finds several applications in smart transportation, smart retail, smart manufacturing, smart energy and utility, buildings and home automation, and others. This market is expected to rise significantly with the growth of the telecom industry around the globe.
The growing adoption of IoT connectivity in large organizations and SMEs has boosted industrial growth. Also, the rising application of IoT connectivity solutions in BFSI and the healthcare sector, along with its usage in the IT and telecommunication industry, is likely to help in market expansion. Moreover, the increased use of IoT connectivity in several industries, such as defense & aerospace, e-commerce, travel & hospitality, and some others, has driven the growth of the IoT connectivity market.
The advancements in Vehicle-to-vehicle communications, along with numerous developments associated with 5G technology and wearable IoT technologies, are expected to create ample growth opportunities for the market players in the future. In May 2024, Blecon launched an IoT connectivity solution. This solution is equipped with Bluetooth Low Energy, which helps enhance several IoT-based operations.
IoT Connectivity Market Segmentation:
By Type
- Data Management
- Remote Monitoring
- Real-time Flow Analysis
- Others
By Application
- Smart Manufacturing
- Connected Health
- Smart Retail
- Others
IoT Connectivity Market Companies:
- AT&T
- Cisco
- Verizon
- Vodafone
- Ericsson
- Sierra Wireless
- Orange Business Services
- Telefónica
- Telit
- Particle
- Huawei.
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