USD 521.2 Billion Massive IoT Market Reach by 2031 | Top Players such as - Qualcomm Technologies, Verizon Communications and ScienceSoft USA Corporation

According to the report published by Allied Market Research, The USD 521.2 Billion Massive IoT Market Reach by 2031 | Top Players such as - Qualcomm Technologies, Verizon Communications and ScienceSoft USA Corporation. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.

Rising popularity of Narrowband-IoT (NB-IoT) and LTE-M technologies and the rapid advancement of 5G technology are driving the growth of the global massive IoT market. In addition, the growing demand for industrial automation has supplemented the market growth. However, interoperability issues between a number of IoT devices and the high cost associated with the implementation and maintenance of IoT platforms are hampering the massive IoT market growth. On the contrary, the rise in the initiatives toward smart city initiatives is expected to offer remunerative opportunities in the industry.

Download Sample Report at: https://www.alliedmarketresearch.com/request-sample/74905

The global massive IOT market size was valued at USD 71.1 billion in 2021, and is projected to reach USD 521.2 billion by 2031, growing at a CAGR of 22.5% from 2022 to 2031.

The global massive IoT market analysis is segmented into component, organization size, platform, industry verticals, and region. Depending on the component, the market is divided into solutions and services. Based on organization size, it is categorized into large enterprises and small-& medium size enterprises (SMEs). By industry vertical, it is divided into retail, e-commerce, & consumer electronics, energy & utility, healthcare, transportation & logistics, it & telecom, manufacturing and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Access the full summary at: https://www.alliedmarketresearch.com/massive-iot-market-A74430

Based on platform, the network management segment accounted for the largest share in 2021, contributing to nearly half of the global massive IoT market revenue, as the integration of networking management solutions is expected to grow to comprehensively monitor real-time network communications, which in turn, is aiding in the segment growth. However, the application management segment is expected to portray the largest CAGR of 24.6% from 2022 to 2031 and is projected to maintain its lead position during the forecast period, due to a rising focus on reducing operational time and cost.

Based on components, the hardware segment held the highest market share in 2021, accounting for nearly two-fifths of the global massive IoT market revenue, and is estimated to maintain its leadership status throughout the forecast period, owing to the growing demand for hardware solutions such as low-power wide-area networks (LPWANs) and rise in the proliferation of low-cost IoT devices. However, the services segment is projected to manifest the highest CAGR of 24.8% from 2022 to 2031, due to the surge in demand for cloud based IoT services across developed and emerging markets.

If you have any questions, Please feel free to contact our analyst at: https://www.alliedmarketresearch.com/connect-to-analyst/74905

Based on region, North America held the highest market share in terms of revenue in 2021, accounting for nearly two-fifths of the global massive IoT market revenue. This is because the adoption of massive IoT cuts operating expenses and allows organizations to execute multiple tasks at the same time. However, the Asia-Pacific region is expected to witness the fastest CAGR of 25.4% from 2022 to 2031 and is likely to dominate the market during the forecast period, owing to a surge in the demand for effective data analytics and the fast adoption of cloud computing technology in emerging nations such as China and India.

The global massive IoT market is dominated by key players such as Cisco Systems, Inc., Ericsson, Google LLC (Alphabet), Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, Microsoft Corporation, Qualcomm Technologies Inc., SAP SE, Verizon Communications Inc., ScienceSoft USA Corporation.

Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/74905

Covid-19 Scenario:

● The Covid-19 pandemic and the resulting lockdowns led to an increased demand for massive IoT applications. This in turn presented new opportunities for the IoT industry, particularly in the area of home automation.

● As people were spending more time at home, there was a greater need to create comfortable and efficient living spaces, which accelerated the adoption of massive IoT technology.

Buy Complete Report (353 Pages PDF with Insights, Charts, Tables, and Figures) at: https://www.alliedmarketresearch.com/massive-iot-market/purchase-options

Thanks for reading this article you can also get individual chapter-wise sections or region-wise report versions like North America Europe or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Contact:
David Correa
5933 NE Win Sivers Drive
#205 Portland OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn and Twitter

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles Avenue. An e-access library is accessible from any device anywhere and at any time for entrepreneur's stakeholder's researchers and students at universities. With reports on more than 60000 niche markets with data comprising of 600000 pages along with company profiles on more than 12000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

This release was published on openPR.