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IoT Connectivity Management Platform Market: Investment Research Report By 2026
The CMP platform helps in efficient connectivity management throughout the product lifecycle, reduces total cost of ownership, and helps in the efficient management of devices. The platform also helps in minimizing the risk since the coverage and SIMs have the ability to automatically switch to the network that has the best signal, thus minimizing the overall risks of device being offline. Moreover, a robust security solution also eliminates the risk of unauthorized access to M2M and IoT networks.
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The global connectivity management platform (CMP) market is driven by the benefits that it offers to enterprises. One of the crucial usefulness of CMP is that it enables Bring your own Computer (BYOC) connectivity. It is a platform that has the capability to support multiple connectivity technologies including cellular connectivity like LTE, Global System for Mobile Communications (GSM), High Speed Packet Access (HSPA), Code-division multiple access (CDMA) to non-cellular connectivity like Wi-Fi, Zigbee, Bluetooth, and low-power, wide-area (LPWA) wireless technology. The platform also allows the flexibility to bring your own connectivity from the specific operator of choice. There are a number of companies that provide such comprehensive platforms to the users.
The key indicators for the connectivity management platform (CMP) market are the growing number of connected devices across all regions. From Asia Pacific countries to Middle East and African countries, the count of connected devices and solutions are drastically increasing year-on-year. This in turn would create new demand for connectivity management platforms, making the future market lucrative.
The global (IoT) connectivity management platform (CMP) market can be segmented on the basis of region namely North America, Europe, Asia Pacific, South America, and Middle East & Africa. The market can also be segmented on the basis of enterprise size, namely mid-size, and large enterprises. Based on industry vertical, the market can be segmented into oil and gas, retail, manufacturing (industrial equipment), automotive, healthcare, agriculture, transportation and logistics, smart city developers, and electric power among others.
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The overall CMP market is witnessing an influx of players after long being majorly a duopoly (kind of oligopolistic) market with firms like Cisco Corporation and Huawei Technologies Co., Ltd. offering the CMP solution. Competition has spurred. Companies are increasing their CMP capabilities to easily integrate with application enabled platforms (AEP).
CMP providers are hiring CMP Solution Architects (IoTs) who have certain level of expertise in architectural framework and can efficiently design and create an architecture framework for CMP platform components. Hiring of efficient experts will help companies to provide a more comprehensive solution to end-users and thereby strengthen their position in the market.
Key players operating in the market include Hewlett Packard Enterprises (HPE), Aeris Communications, ZTE Corporation, Comarch, KORE Wireless Group, Inc., Stream Technologies, Huawei Technologies Co., Ltd., Vodafone Limited, Cisco Corporation, Ericsson, Emnify Gmbh, Avnet, Inc., and Swisscom AG.
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