openPR Logo
Press release

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

12-06-2023 03:11 PM CET | IT, New Media & Software

Press release from: Allied Market Research

USD 521.2 Billion Massive IoT Market Reach by 2031 | Top Players

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.

Permanent link to this press release:

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

News-ID: 3318007 • Views:

More Releases from Allied Market Research

Asia-Pacific Solar Energy Panel Market Advanced Technology and New Innovations - Suntech Power Holdings, First Solar
Asia-Pacific Solar Energy Panel Market Advanced Technology and New Innovations - …
Solar energy is an infinitely renewable resource, harnessing the power of the sun, which is expected to radiate energy for billions of years to come. This abundance ensures a consistent and reliable source of clean energy. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.alliedmarketresearch.com/request-sample/1192  With advancements in technology and manufacturing processes, the cost of solar panels has significantly decreased in recent years. Additionally, government incentives, tax credits, and net metering policies further enhance
Confidential Computing Market Size Reach USD 184.5 Billion by 2032, Top Factors that Can Escalate the Industry around the Globe
Confidential Computing Market Size Reach USD 184.5 Billion by 2032, Top Factors …
Allied Market Research published a new report, titled, " The Confidential Computing Market Size Reach USD 184.5 Billion by 2032, Top Factors that Can Escalate the Industry around the Globe." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain
Password Management Market Size Reach USD 15.2 Billion by 2032, Key Factors that are leading the Market Globally
Password Management Market Size Reach USD 15.2 Billion by 2032, Key Factors that …
Allied Market Research published a new report, titled, " The Password Management Market Size Reach USD 15.2 Billion by 2032, Key Factors that are leading the Market Globally." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding
Electronic Load Devices Market Powering Up: Exploring the Current Trends is estimated to reach $5.2 billion by 2031
Electronic Load Devices Market Powering Up: Exploring the Current Trends is esti …
Electronic load devices are used for testing various electronic products through varying resistance. The surge in the utilization of electric products in various sectors and increase in the utilization of the electronic testing equipment in research facilities will create the demand for the electronic load devices. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/request-sample/A17404 The electronic load devices market size was valued at $3.1 billion in 2021, and electronic load devices industry is estimated

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 @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2879 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