IoT Drives Surge In IOT Connectivity Management Platform Market: A Significant Driver Propelling The IoT Connectivity Management Platform Market In 2025

The IoT Connectivity Management Platform Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected IoT Connectivity Management Platform Market Size During the Forecast Period?
The market for IoT connectivity management platforms has experienced swift expansion in the last few years. It is projected to swell from a size of $8.88 billion in 2024 to $10.24 billion in 2025, reflecting a compound annual growth rate (CAGR) of 15.4%. The substantial growth in the preceding years is largely due to the surge in IoT devices, the broadening global reach of IoT deployments, the evolution of network standards, increased complexity of IoT ecosystems, security issues, and the need for cost efficiency.

The market size for the IoT connectivity management platform is foreseen to experience a surge in coming years, expanding to $21.79 billion by 2029 with a CAGR of 20.8%. The escalation projected within this timeframe can be linked to the adoption and integration of 5G, edge computing integration, a range of connectivity protocols, and an emphasis on low-power IoT devices. The period of forecast will also witness significant trends such as inter-industry collaboration, changing regulatory frameworks, administration and support of IoT device lifecycle, in conjunction with monetization and billing solutions.

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What Are the High-Growth Segments in the IoT Connectivity Management Platform Market?
The IoT connectivity management platform market covered in this report is segmented -

1) By Product Type: Cellular, Non-Cellular
2) By Component: Solution, Services
3) By Deployment Type: Cloud, On-Premises
4) By Enterprise Size: Small And Medium-sized Enterprises (SMEs), Large Enterprises
5) By Application: Automotive, Consumer Electronics, Retail, Energy And Utilities, Finance And Banking, Healthcare, Manufacturing, Other Applications

Subsegments:
1) By Cellular: 2G Or 3G Or 4G Or 5G Connectivity, Narrowband IoT (NB-IoT), Long-Term Evolution For Machines (LTE-M)
2) By Non-Cellular: Wi-Fi, Bluetooth, LoRaWAN (Long Range Wide Area Network), Zigbee, Satellite Connectivity

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What Key Drivers Are Expected to Influence Future IoT Connectivity Management Platform Market Growth?
The proliferation of IoT devices is significantly accelerating the expansion of the IoT connectivity management platform market. In a business setting, multiple IoT devices are linked through an IoT connectivity management platform, which enables data management, data transmission, communication, and seamless coordination of multiple devices within a single network framework, thereby facilitating a range of business operations. The IoT Connectivity Management Platform provides more rapid network monitoring, troubleshooting, application management, reduces security threats, and offers other services to linked IoT devices. For instance, Forbes, the US-based business magazine, predicts that the global count of cellular IoT devices will reach 3.5 billion by 2023. Consequently, the escalated deployment of IoT devices is profoundly leading to the expansion of the IoT connectivity management market.

Which Companies Hold the Largest Share Across Different IoT Connectivity Management Platform Market Segments?
Major companies operating in the IoT connectivity management platform market include Google LLC, Microsoft Corporation, Huawei Technologies Co Ltd., Amazon Web Services Inc., China Telecom Corporation Limited, International Business Machines Corporation, China Unicom (Hong Kong) Limited, Cisco Systems Inc., Oracle Corporation, SAP SE, Hewlett Packard Enterprise Development LP, Telefonaktiebolaget LM Ericsson, Nokia Corporation, ZTE Corporation, Swisscom AG, Proximus Group SA, Vodafone Idea Limited, Tata Communications Limited, PTC Inc., Software AG, Comarch SA, KORE Group Holdings Inc., Aeris Communications Inc., Emnify Ltd., Truphone Limited, Sierra Wireless Inc.

What Trends Are Driving Growth in The IoT Connectivity Management Platform Market?
Leading enterprises in the IoT connectivity management platform market are concentrating their efforts on creating innovative IoT connectivity management solutions, for instance, next-gen IoT connectivity management platforms. These are designed to amplify their market earnings and improve surveillance measures. A cutting-edge IoT Connectivity Management Platform, the next generation in the field, is specifically engineered to oversee and manage IoT network connections and related hardware. To illustrate, TEAL, an eSIM technology company from the US, unveiled its next-gen IoT Connectivity Management Platform named Aurora in December 2023. Aurora incorporates a broad set of functionalities, such as a Network App Marketplace that offers access to a wide range of 3,500+ international data networks. Users have the ease of installing new networks, switching among current ones, tracking data usage, and keeping a check on device condition. The platform is equipped with critical attributes like detailed SMSR data integration and eUICC health data, offering control and insight into eSIM capabilities in operation. Aurora enables global monitoring of TEAL eSIM network usage and operational status, thereby facilitating the deployment and management of devices.

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What Are the Emerging Geographies for The IoT Connectivity Management Platform Market Growth?
Asia-Pacific was the largest region in the IoT connectivity management platform market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the IoT connectivity management platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the IoT Connectivity Management Platform Market?
2. What is the CAGR expected in the IoT Connectivity Management Platform Market?
3. What Are the Key Innovations Transforming the IoT Connectivity Management Platform Industry?
4. Which Region Is Leading the IoT Connectivity Management Platform Market?

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