IOT Connectivity Management Platform (CMP) Market is expected to reach US$ 34.7 Bn by 2032,& Analysis By 2022 -2029 -Comarch, KORE, Truphone, Cisco Systems, Proximus Group, Nokia, HPE, Ericsson, Huawei, Arm, EMnify GmbH, ZTE, Aeris, Swisscom, Links Field,

The IoT connectivity management platform market revenue totaled US$ 7.4 Bn in 2021. The IoT connectivity management platform market size is expected to reach US$ 34.7 Bn by 2032, growing at a CAGR of 16.8% over the assessment period.

Some of the Top companies Influencing this Market include:

Comarch, KORE, Truphone, Cisco Systems, Proximus Group, Nokia, HPE, Ericsson, Huawei, Arm, EMnify GmbH, ZTE, Aeris, Swisscom, Links Field, MAVOCO AG

To avail Sample Copy of report, visit @ https://www.mraccuracyreports.com/report-sample/380010

IOT Connectivity Management Platform (CMP) Market Types:

Cellular, Non-cellular.

IOT Connectivity Management Platform (CMP) Market Applications:

Automotive, Consumer Electronics, Retail, Energy & Utilities, Finance & Banking, Healthcare, Manufacturing, Transport & Logistics

The IoT connectivity management platform demand is estimated to grow at 16.8% CAGR between 2022 and 2032, in comparison with 15.3% CAGR registered between 2017-2021.

IoT connectivity management platform promotes bring-your-own-computer (BYOC) connectivity. Organizations are adopting BYOC to eliminate the initial infrastructure expenses and to minimize the cost of equipment and deployment. The trend also provides a flexible work environment to the employees and supports connectivity technologies such as LTE, GSM, CDMA and various non-cellular connectivity protocols such as Wi-Fi and Bluetooth.

Solution segment in global IoT connectivity management platform market is estimated to account for a dominant share of 17.7% in 2022 as it addressed the consolidation challenges associated with operating and managing IoT devices.

How is the Adoption of Internet of Things Influencing Demand in the Market?
The Internet of Things (IoT) plays a crucial role in connecting the world. IoT refers to the interconnection and exchange of data among devices/sensors and systems over the internet. Integrating IoT in systems offers various advantages such as long-reach, low data rate, low energy consumption, and profitability.

IoT technologies are used to handle an array of problems and situations such as vehicle traffic congestion, road safety and inefficient use of vehicle parking spaces in the day-to-day life.

IoT-based smart parking systems are integrated with mobile applications to provide comprehensive parking solution both for the user and owner of the parking space. Smart parking systems are usually based on LPWA networks for connectivity. These networks are also known as mobile IoT networks, as they are specifically designed to support IoT sensors and data that enable smart parking. These networks are designed to be secure, scalable, and future-proofed and operate cost effectively.

Growing adoption of IoT in the automotive sector, particularly in advanced driving assistance systems (ADAS) in autonomous vehicles is expected to bode well for the market in the forthcoming years.

Get Up to 30% Discount on the first purchase of this report @ https://www.mraccuracyreports.com/check-discount/380010

Country-wise Insights
Why is the China IoT Connectivity Management Platform Market Considered Attractive?
"Growing Trend of Bring-your-own-device (BYOD) in China will Fuel Sales"

The IoT connectivity management platform demand in the China is expected to account for nearly 43.3% of East Asia market share in 2022. China has embraced NB-IoT technology since the time it was launched. In 2017, China started NB-IoT testing and trials to be able to commercialize NB-IoT in the country. It has completed the transition from lab and field tests to commercial implementation.

The country's leadership in NB-IoT development can be ascribed to a variety of aspects, including favorable policies, quick deployment of the network ecosystem by operators, technological development and upgrades, and the presence of a significant number of component vendors. Governments and authorities in China have long worked to ease the way for the deployment of NB-IoT networks and applications, which in turn, is driving sales of IoT connectivity management platforms in the country.

How Big is the Opportunity for Adoption of IoT Connectivity Management Platform in India?
"Increasing Deployment of IoT Devices in Smart Cities Will Spur Demand"

South Asia & Pacific is predicted to remain one of the most attractive markets during the forecast period. According to the study, sales in India are estimated to grow by 11.3x during the forecast period.

In the past few years, South Asian countries have experienced a remarkable increase in infrastructure spending. The IoT revolution is spreading its roots in India as well, and there is a rapid influx of Indian companies joining ranks to move the technology forward.

Smart cities consist of various types of electronic equipment for various applications such as smart homes, smart traffic, smart security, and utilities. This is spurring demand for IoT and connected devices, such as smart meters, home gateways, smart appliances, sensors, & smart plugs for deployment in smart cities.

How Will Sales Prospects for IoT Connectivity Management Platform Unfold in Germany?
"Rising Applications in the Automotive Sector Will Drive Growth"

Demand in Germany is estimated to grow at an impressive rate of around 14.6% CAGR between 2022 and 2032. In the automotive sector, connectivity is quickly becoming one of the most important competitive differentiators.

With the automotive industry moving toward connected vehicle technology, various technologies such as V2D (vehicle-to-device), V2V (vehicle-to-vehicle), and V2P (vehicle-to-person) and (vehicle-to-pedestrian), V2I (vehicle-to-infrastructure), have emerged.

The incorporation of different features such as blind spot detection, voice control, and wireless charging capabilities, and self-driving vehicles can also be considered as improvements in the automobile business. The usage of IoT connectivity management platforms in Germany has increased as a result of these improvements in the automotive sector.

Category-wise Insights
Why is the Demand for IoT Connectivity Management Solution Increasing?
"Rising Adoption of IoT Connectivity Management Solutions Will Steer Growth"

The IoT connectivity management solution segment is expected to create an absolute opportunity of US$ 15.0 Bn by the end of 2032. Adoption of IoT connectivity management platform is increasing as it helps in efficient connectivity management throughout the product life cycle, reduces total cost of ownership, and helps in efficient management of devices. Also, the platform eliminates the risk of authorized access to M2M and IoT networks.

IoT connectivity management platform is used for reducing the complexity and allows organizations to efficiently manage devices and cellular technologies and optimize data rates for optimal IoT deployment.

How will Demand from SMEs Support Growth in the Market?
"Growing Applications of IoT in SMEs Segment Will Boost Sales"

The SMEs segment is expected to expand by 5.2x during the forecast period. SMEs are emerging as key end-users of IoT technologies.

Industrial manufacturing companies are moving toward IoT-driven technologies for smart production, operations, inventory, logistics, and supply chain for boosting revenues by creating new hybrid business models.

IoT solutions among enterprises have grown from servicing the supply chain process to adding visibility to healthcare, government offices, and energy & utilities industries.

Why are Applications of IoT Connectivity Management Platform Rising in the Healthcare Industry?
"Demand for IoT Connectivity Management Platform in the Healthcare Sector to Remain High"

In terms of industry, sales in the healthcare sector are forecast to grow at a CAGR of 23.1% during the forecast period. In healthcare industry, with narrowband Internet of Things (NB-IoT), medical equipment can be completely integrated to the network via cloud and enables a state-of-the-art cloud connected healthcare ecosystem.

This dramatically enhances the data gathering process and data analysis, and boosts equipment efficiency and network communication reliability. This is expected to continue pushing sales in the healthcare sector worldwide.

Competitive Landscape
IoT connectivity management platform market players are focusing on various strategies such as partnerships and collaborations for enhancing their customer base and product offerings. For instance:

In April 2021, Truphone entered into a partnership with TextMe to bring seamless eSIM connectivity for the application customers using Truphone Connect.

Buy Exclusive Report@: https://www.mraccuracyreports.com/checkout/380010

Key Takeaways:

By component, the solution segment is anticipated to expand at a CAGR of 17.7% during the forecast period.
Among the enterprise size, SMEs segment is estimated to grow by 5.2X during the forecast period.
Cloud-based IoT CMS segment is expected to create an absolute $ opportunity of US$ 16.8 Bn during the forecast period.
Based on industry, demand in the healthcare segment is anticipated to grow at a CAGR of 23.1% between 2022 & 2032.
The market in U.K. is expected to progress at a CAGR of around 19.5% during the forecast period.
In Japan, the IoT connectivity management platform market is expected to grow by 6.9x between 2022 & 2032.
IoT connectivity management platform market in China is estimated to offer an absolute $ opportunity of US$ 1.3 Bn over the forecast period.

The massive outbreak of the COVID-19 pandemic has mercilessly taken a lot of lives as well as hampered the overall rate of market growth excessively. Hence, in this condition, the market experts must take the charge of formulating some efficient ideas to get rid of this prevailing situation and maintain a substantial rate of IOT Connectivity Management Platform (CMP) Market growth.

all Us - UK +44 7452119323
USA +1 8045001224
Email us - sales@mraccuracyreports.com
30 Crawley Lane, West Sussex, RH10 7EG, United Kingdom
3351 Green Turtle Rd, Regina, SK S4V 3N6, Canada

MR Accuracy Reports is a Market Research and consulting company that accomplishes requirement of research agencies,small, medium and large corporations, global business leaders, government organizations,
SME's, Individual & Start-ups, top management consulting firms

This release was published on openPR.