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IoT Connectivity Market Demand 2023, Key Players Analysis, Size, Share and Report By 2028

05-07-2024 02:03 PM CET | IT, New Media & Software

Press release from: IMARC Group

IoT Connectivity Market

IoT Connectivity Market

IMARC Group's latest report, titled "IoT Connectivity Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", the global IoT connectivity market size reached US$ 8.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 48.8 Billion by 2032, exhibiting a growth rate (CAGR) of 21.67% during 2024-2032.

Internet of Things (IoT) connectivity refers to a network solution that provides a communication platform and network infrastructure for connecting IoT devices. It relies on a range of technologies, depending on the use cases.
IoT connectivity encompasses the network of interconnected devices that communicate and exchange data through the Internet of Things (IoT) ecosystem. This connectivity is achieved via various types of networks such as cellular, Wi-Fi, Low-Power Wide-Area Networks (LPWAN), and Bluetooth. Each type caters to different needs based on factors such as range, power consumption, and data transmission capabilities. IoT connectivity enables devices to interact and collaborate without human intervention, enhancing efficiency and functionality. The advantages of robust IoT connectivity include improved asset utilization, enhanced process efficiency, real-time data access, and predictive maintenance capabilities, which are pivotal for industries aiming to optimize operations and drive innovation.

Request Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/iot-connectivity-market/requestsample

Competitive Landscape with Key Players:

• Aeris
• AT&T Inc
• Cisco Systems Inc
• Huawei Technologies Co. Ltd
• Orange, Sierra Wireless
• Sigfox
• Telefonaktiebolaget LM Ericsson
• Telefónica S.A
• Telit, Verizon Communications Inc
• Vodafone Group Plc

IoT Connectivity Market Trends:

The global market is experiencing substantial growth driven by the widespread adoption of smart devices and the increasing demand for real-time operations across various sectors, including healthcare, manufacturing, and transportation. This growth is further fueled by advancements in wireless networking technologies and the expansion of 5G infrastructure, which offers higher speed and reduced latency, enabling more efficient and scalable IoT deployments. Additionally, the growing emphasis on smart city initiatives and industrial automation demands robust IoT ecosystems, thereby enhancing connectivity solutions. In addition, the trend towards IoT platform integration with artificial intelligence and machine learning is enhancing analytical capabilities, driving predictive insights, and facilitating decision-making processes. These factors, combined with regulatory support and investment in IoT infrastructure development, are propelling the market forward, highlighting its critical role in the digital transformation of industries worldwide. Some of the other factors driving the market include rapid digitization and changing consumer preferences.

Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/iot-connectivity-market

Key Market Segmentation:

Breakup by Component:

• Solutions
• Services

Breakup by Application:

• Buildings and Home Automation
• Smart Energy and Utility
• Smart Manufacturing
• Smart Retail
• Smart Transportation
• Others

Breakup by Enterprise Size:

• Small and Medium-sized Enterprises
• Large Enterprises

Breakup by End Use Industry:

• BFSI
• Healthcare
• Travel and Hospitality
• Defense and Aerospace
• IT and Telecommunication
• Retail and E-Commerce
• Manufacturing
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Related Report By IMARC Group:

https://www.imarcgroup.com/thermoplastic-composites-market

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https://www.imarcgroup.com/medical-lasers-market

https://www.imarcgroup.com/mattress-market

https://www.imarcgroup.com/metagenomics-market

Contact Us:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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