openPR Logo
Press release

IoT Application Enablement Market is Estimated to Increase at a 26.5% CAGR from 2022 to 2032 | FMI

09-23-2022 06:10 AM CET | IT, New Media & Software

Press release from: Future Market Insights

IoT Application Enablement Market is Estimated to Increase at

According to the IoT application enablement market analysis by Future Market Insights (FMI), the adoption of IoT application enablement platform is estimated to increase at a 26.5% CAGR over the assessment period, with the market valuation reaching US$ 36 Bn by 2032.

In IoT technology solutions, the connectivity infrastructure requires to be set up before an array of sensors, edge devices, or other devices. The main challenge with IoT networks is wireless data rates. In recent years, the infrastructure for connectivity such as Wi-Fi 6, 5G, satellites, and LTE has been developed.

In the world of network edge and IoT connectivity, 5G deployments provide low-latency communication that supports data-intensive applications like video surveillance, autonomous vehicle operations, optimizing citywide traffic flows, and high bandwidth. Thus, advancements in the infrastructure for 5G, Wi-Fi 6, and LTE connectivity will drive sales in the market over the forecast period.

Request a Sample of this Report @

Artificial Intelligence (AI) technologies are data driven and IoT sensors are an asset to the Machine Learning (ML) data pipeline. Integration of artificial intelligence & IoT technology enables enterprises to achieve digital transformation. It enables IoT devices to collect and transfer data to the cloud or other spaces where they can accumulate data through the internet.

AI and IoT are integrating to offer greater control and visibility of the wide array of sensors and devices connected to the internet. Such IoT transformation help businesses to implement conversational agents for customers, engage customers, obtain analytics, customize user experiences, or optimize productivity with predictions and insights.

"The demand for IoT devices in smart homes and smart cities has increased in recent years, which is expected to boost sales in the market. Further, rising adoption of machine learning (ML) and IoT in the manufacturing and retail sectors will continue fueling the growth in the market over the assessment period," says an FMI analyst.  

Key Takeaways:

By solution, sales in the IoT application enablement platform segment are anticipated to increase at a 24.3% CAGR through 2032.
Among the enterprise size, demand in the SMEs segment is estimated to grow at a CAGR of 29.0% during the forecast period.
Based on industry, adoption of IoT application enablement in the manufacturing sector will increase at a CAGR of 34.2% between 2022 to 2032.
The U.S. IoT application enablement market is expected to expand at a CAGR of 19.8% through 2032.
The China IoT application enablement market is expected to grow by 13.9X during the forecast period.
Demand in the Japan market is expected to grow at a CAGR of 31.6% during the assessment period.

Competition Landscape

Altair, Amazon Web Services, ClearBlade, Ericsson, Fujitsu, IBM, Microsoft, Oracle Corporation, PTC, SAP, Siemens, AllThingsTalk, Hughes Systique Corporation, and Software AG are some of the leading players operating in the global IoT application enablement market.

Ask An Analyst @

More Valuable Insights on IoT Application Enablement Market

Future Market Insight's report on the IoT application enablement market research is segmented into four major sections - solution (IoT application enablement platform (cloud-based, and on-premises), and services ( professional services, and managed services) ), enterprise size (small and mid-sized enterprises (SMEs), and large enterprises)), industry (BFSI, telecom & IT, energy and utilities, healthcare, manufacturing, education, retail, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the IoT application enablement demand outlook.

IoT Application Enablement Outlook by Category

By Solution:

IoT Application Enablement Platform
Professional Service
Managed Services

By Enterprise Size:

Small and Mid-Sized Enterprises (SMEs)
Large Enterprises

By Industry:

IT & Telecom
Transport and Logistics
Energy and Utilities

Request Customization @

By Region:

North America
Latin America
East Asia
South Asia & Pacific
Middle East and Africa (MEA)

Explore Other Related Reports Links From Technology Market

3D Printing Market -

Edtech Market -

Cloud Computing Market -

Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
United Arab Emirates
For Sales Enquiries:
Browse All Reports:
Report Link:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release IoT Application Enablement Market is Estimated to Increase at a 26.5% CAGR from 2022 to 2032 | FMI here

News-ID: 2746623 • Views: 250

More Releases from Future Market Insights

Automatic Filling Machine Market expanding at a CAGR of 4.6% by the year 2032
The market for automatic filling machines is anticipated to reach a value of US$ 6,619.1 million in 2022 and grow at a moderate CAGR of 4.6% over the same period. By 2032, the market is anticipated to increase to a value of US$10,378.0 million. According to Future Market Insights' analysis, the historical CAGR was 2.6%. Automatic filling machines, which are tools used to fill holding containers like pouches, bags, bottles, and boxes with solid, semi-solid, and liquid product
Market for Gourmet Salts is Expected to Expand at US$ 480.06 Mn by 2032 | FMI
The market for gourmet salts worldwide is predicted to increase at a CAGR of 7.3% over the course of the projected period. It is projected to increase in value from US$ 237.3 Mn in 2022 to US$ 480.06 Mn by 2032. Gourmet salts are unrefined, top quality salts obtained from a natural source with a low sodium content. This salt is used in cuisine to enhance taste of food and also
Lactose-free Cheese Market to Surpass US$ 1.5 Bn by 2032 with Burgeoning Prevale …
According to FMI, the global lactose-free cheese market size is expected to reach a valuation of US$ 676.3 Mn by the end of 2022. The market is set to accelerate at a CAGR of 8.4% during 2022-2032. It is anticipated to be valued at US$ 1,515.1 Mn in 2032. FMI further states that around 35% of the global population was lactose intolerant, and 28% had dairy sensitivity or allergy in 2020.
Electrical Steel Market to grow at a rate of 6.5% by 2031 | Get Customized Repor …
The electrical steel market value will total US$ 37.5 Bn in 2021, as per Future Market Insights (FMI). Exhibiting a CAGR of 6.5% for 2021-2031, the market is expected to reach US$ 70.5 Bn by the end of 2031. Despite logistical challenges amid restrictions imposed to contain the pandemic in 2020, the market is forecast to register 5.3% year-on-year growth in 2021. The demand for electrical steel will surge particularly in

All 5 Releases

More Releases for IoT

IoT Cloud Market Next Big Thing | Major Giants Oracle, AWS IOT, IBM Watson IoT, …
COVID-19 Outbreak-Global IoT Cloud Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global IoT Cloud Market. Some of the key players profiled
Narrowband IoT (NB-IoT) Market Future Adoption Overview 2025
The report titled "Global Narrowband IoT (NB-IoT) Market Size, Status and Forecast 2025, Trends, Share, Size Research Report " offers a primary impression of the Narrowband IoT (NB-IoT) industry covering different product Scope, Characterizations, Classifications, Objectives, and Participants in the industry chain structure. This report profiles major 15 topmost manufactures operating like ( Vodafone, China Unicom, China Telecom, AT&T, Etisalat, Telstra, Orange, Telefonica, SK Telecom, Deutsche Telekom  -  for complete manufactures list, please
Blockchain In IOT Market Business Growth Statistics And Key Players Insights Blo …
Research N Report has released a new report on the “global Blockchain in IOT Market”. This report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every side of the market. "Blockchain in Internet
IoT Healthcare Market - Revolution in Healthcare with IOT & IoT has the Potentia …
In this report, the Internet of Things (IoT) Healthcare market was valued at USD 28.42 Billion in 2015, and is projected to reach USD 337.41 billion by 2025, growing at a CAGR of 28.2% over the forecast period. "Internet of Things (IoT) Healthcare Market", published by Xpodence Research, provides extensive insight and analysis of the Internet of Things (IoT) Healthcare market over the next eight years (2015-2025) and acts as a
Narrowband IoT (NB-IoT) Chipset Market - Product Drawbacks 2025
Global Narrowband IoT (NB-IoT) Chipset Market: Overview Narrowband IoT (NB‑IoT) is the new method of communicating with “things” that need limited amounts of data, over long periods, in places that are hard to reach. It is essentially a wireless technology that was standardized by 3GPP in 2016. Request Sample Copy of the Report @ Narrowband IoT is considered the best in class low-power wide area (LPWA) technology to facilitate functioning of various
Narrowband IoT (NB-IoT) Chipset Market Rapidly expanding 2025
Global Narrowband IoT (NB-IoT) Chipset Market: Overview Narrowband IoT (NB‑IoT) is the new method of communicating with “things” that need limited amounts of data, over long periods, in places that are hard to reach. It is essentially a wireless technology that was standardized by 3GPP in 2016. Narrowband IoT is considered the best in class low-power wide area (LPWA) technology to facilitate functioning of various new industrial IoT (IIoT) devices, which includes