IoT Connectivity Market Report Insights:
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The IoT Connectivity Market Size was valued at USD 8.43 billion in 2023 and is expected to reach USD 51.51 billion by 2032, growing at a CAGR of 22.33% from 2024-2032.
The increasing requirement for connected devices across industries is catalyzing the growth of the IoT connectivity market, facilitated by rapid expansion in the number of IoT devices worldwide. Projections indicate that by 2025, there will be more than 75 billion in use, IoT-connected devices clear surge in smart device uptake. This is true in the manufacturing, healthcare, and transport industries where the application of IoT has been optimized to make operations safer and enhanced on real-time analytics. Then the automation and smart application requirements are hence dramatically increasing the exponential need for reliable and scalable devices that rely on such support. Already in 2023 more than 15.4 billion IoT devices were in use, highlighting the fast growth that the market has made for itself in this sector.
The adoption of 5G networks has come to further uplift the demand for IoT connectivity as it promises to provide high speed and low latency connectivity necessary for continuous usage of IoT applications. This is expected to amount to USD 4.6 trillion in global economic value through 2025 and change this industry in various sectors, such as smart cities, autonomous vehicles, and remote healthcare. Moreover, AI and machine learning have engineered major advancements in the ability of IoT devices to handle large amounts of data, creating predictive analytics, automation, and optimization in decision-making. This has assisted various industries in leveraging big data to achieve operational efficiency and the enhancement of service provisions that in turn positively enhance the growth of IoT.
Digital transformation is another prominent driver of the IoT connectivity market. It has been emerging in different industries such as agriculture, retail, and energy for the improvement of IoT adoption in such industries to better and positively manage their supply chains, offer customers better experiences as well as optimize energy efficiency. Also, this worth-of-efficiency period has pushed all businesses toward an IoT possibility for tracking wastage and environmental impact. Governments would be investing USD 124 billion in the smart city initiative, which could speed up IoT connectivity. This can have huge implications on the economy as well as on the environment.
DRIVERS
Connected Devices and Smart Systems Propel IoT Connectivity Market to New Heights
Several key sectors that generate major revenues by interconnecting devices have been driving the growth of the IoT connectivity market. Connected vehicles also substantially contributed to the market, while payment terminals significantly contributed to the value of the market, with USD 39.4 billion. Collectively, these three segments together generate revenues of more than 10% compared to that of consumer media and internet devices on their own. This trend underscores increasing dependence upon IoT connectivity to make consumer experiences richer, enhance safety within cars, and make payment systems much more efficient.
RESTRAINTS
High Initial Costs as a Restraint in IoT Connectivity Adoption
IoT infrastructure is expensive to deploy and involves upfront costs like the price of sensors, connectivity hardware, and base software. Among small-to-medium enterprises, the costs can become downright prohibitive: setting up even basic IoT systems starts at around USD 50,000 for some simple integrations—and goes well over USD 1 million for more complex networks. SMEs Are Timorous Due to a Burden of Proof to Purchase: The upfront financial commitment is higher which deters their adoption rate for IOT compared to larger enterprises who can bear the cost due to the benefits in the long-term. Therefore, most businesses are unable to invest in tools that can provide accurate data and offload failures so they may continue effectively implementing IoT for efficiency and technology advancement.
BY ENTERPRISES
Large companies dominate the IoT connectivity market in 2023, capturing 56% of revenue. This can be attributed to the enormous financial capabilities and advanced infrastructure they possess which allows them to implement large-scale IoT deployments. The companies can invest deeply into diversified industries such as manufacturing, logistics, and supply chain. Their size ensures that their investment can bring significant returns and thus follows an upward curve.
The fastest growth will be witnessed in small and medium-sized enterprises that are expected to account for 23.13% CAGR from 2024-2032. This growth will be due to the increased adoption of low-cost, scalable IoT solutions available to smaller businesses. The technology only gets cheaper, and subsequently, SMEs are increasingly embracing IoT to improve efficiency at operations as well as enhance customer experiences. Cloud-based IoT solutions specifically help cut upfront investment costs, making SMEs able to compete with larger enterprises even more effectively.
BY COMPONENT
Solutions lead the way in IoT connectivity, claiming 57% of revenue in 2023. It is mainly because interest in integrated systems-including IoT platforms and sensors, as well as connectivity hardware continues to push forward the adoption of solutions that can automate operations, gather real-time data, and thus make informed decisions. As industries scale their applications, this market share continues to be pushed by robust and comprehensive solutions.
Services are anticipated to increase at the fastest CAGR of 22.92% from the forecast period from 2024 to 2032. The demand is growing because businesses need specialized services like network management, data analytics, and cybersecurity. Organizations become more IoT-driven and tend to ask for constant support in a bid to optimize and secure the system. This is why the market is growing to be so extensively large in terms of services needed to integrate, maintain, and scale up IoT systems.
BY APPLICATION
Smart manufacturing is the largest market share of IoT connectivity market at 35%, where automation and real-time monitoring help with predictive maintenance. The technologies will streamline the operations, reducing downtime, and resource management optimization. Manufacturers now rely on IoT not only for productivity improvement but also for reducing supply chain complexity. The trend will not escape because companies embrace digital transformation.
Hence, smart retail is expected to grow at a CAGR of 23.75% between 2024 and 2032 with the growing demand for experience personalization and the need for supply chain optimization. The inbuilt capability of IoT technologies allows retail businesses to track inventory in real time and optimize customer interaction. This trend is developing due to consumers' increased desire for convenience and a frictionless shopping experience. Retailers are investing heavily in smart technologies to help satisfy these changing needs.
North America leads the IoT connectivity market with a market share of 35% in 2023 due to huge technological advancement, early adoption, and strong infrastructure. In the United States, IoT solutions are witnessing high demand, particularly across industries such as healthcare, retail, and automotive industries. Smart city projects and investments in 5G technology by the government have further fueled the growth of IoT in the region. Also, high disposable incomes and good industry support are helping the region gain a strong position in this market as well.
Asia Pacific is expected to hold the fastest CAGR at 23.29% from 2024 to 2032. This can be attributed to the high adoption of IoT technologies throughout China and India, wherein these technologies become key drivers for smart cities, industrial automation, and digital transformation initiatives. Much greater investments in the infrastructure, more government policies, and the spread of mobile networks will encourage further IoT adoption. The focus on efficiency and innovation, coupled with business continuities in the Asia Pacific, makes this region set to lead in both aspects, market share, and technological advancements.
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LATEST NEWS-
InfraX, a Digital Dewa subsidiary, signed an agreement with Zoho Corp, bringing innovative IoT solutions toward driving digital transformation for the UAE. The partnership was announced at Gitex Global 2024.
Microsoft plans to invest in Vodafone's managed IoT connectivity platform, which will be spun off as a standalone business by April 2024. The new business would operate with a zeal to onboard more partners and customers that would propel the growth of IoT applications and also the rise in device connectivity.
Aeris Communications India Pvt. Ltd. (Aeris IoT Platform, Aeris Mobility)
AT&T Inc. (AT&T IoT Services, AT&T Control Center)
Cisco Systems Inc. (Cisco IoT Solutions, Cisco Jasper)
Huawei Technologies Co. Ltd. (Huawei IoT Cloud, Huawei 5G IoT Solutions)
Orange (Orange Business Services, Orange IoT Solutions)
Sierra Wireless (AirLink Routers, Octave IoT Platform)
Sigfox (Sigfox IoT Network, Sigfox Backend Services)
Telefonaktiebolaget LM Ericsson (Ericsson IoT Accelerator, Ericsson Device Connection Platform)
Telefónica S.A. (IoT Global Platform, Telefónica IoT Connectivity)
Telit IoT Platforms, LLC (Telit IoT Modules, Telit Connectivity Platform)
Verizon Communications Inc. (Verizon IoT Solutions, Verizon ThingSpace)
Vodafone Group Plc (Vodafone IoT Platform, Vodafone Automotive)
Hologram (Hologram IoT SIM Cards, Hologram Data Plans)
Particle (Particle IoT Devices, Particle Cloud Platform)
EMnify (EMnify IoT Platform, EMnify Cellular IoT Solutions)
Moeco (Moeco IoT Network, Moeco Data Management)
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 8.43 Billion |
| Market Size by 2032 | USD 51.51 Billion |
| CAGR | CAGR of 22.33% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Application (Buildings and Home Automation, Smart Energy and Utility, Smart Manufacturing, Smart Retail, Smart Transportation, Others) • By Enterprise Size (Small and Medium-sized Enterprises, Large Enterprises) • By Component (Solutions, Services) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Aeris Communications India Pvt. Ltd., AT&T Inc., Cisco Systems Inc., Huawei Technologies Co. Ltd., Orange, Sierra Wireless, Sigfox, Telefonaktiebolaget LM Ericsson, Telefónica S.A., Telit IoT Platforms, LLC, Verizon Communications Inc., Vodafone Group Plc, Hologram, Particle, EMnify, Moeco. |
| Key Drivers | • AI Integration in IoT Drives Cost Savings and Revenue Growth Across Industries • Connected Devices and Smart Systems Propel IoT Connectivity Market to New Heights |
| Restraints | • High Initial Costs as a Restraint in IoT Connectivity Adoption |
IoT Connectivity Market was valued at USD 8.43 billion in 2023 and is expected to reach USD 51.51 billion by 2032, growing at a CAGR of 22.33% from 2024-2032.
In 2023, more than 15.4 billion IoT devices were in use.
Industries such as manufacturing, healthcare, automotive, and retail are key drivers for the growth of the IoT connectivity market.
North America holds a dominant share of 35% of the IoT connectivity market in 2023
AI integration in IoT systems drives cost savings and revenue growth, with companies reporting up to a 10% increase in revenue.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Adoption Rates of Emerging Technologies
5.2 Network Infrastructure Expansion, by Region
5.3 Cloud Services Usage, by Region
5.4 Integration Capabilities, by Software, 2023
5.5 Cybersecurity Incidents, by Region (2020-2023)
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. IoT Connectivity Market Segmentation, by Enterprise Size
7.1 Chapter Overview
7.2 Buildings and Home Automation
7.2.1 Buildings and Home Automation Market Trends Analysis (2020-2032)
7.2.2 Buildings and Home Automation Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Smart Energy and Utility
7.3.1 Smart Energy and Utility Market Trends Analysis (2020-2032)
7.3.2 Smart Energy and Utility Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Smart Manufacturing
7.4.1 Smart Manufacturing Market Trends Analysis (2020-2032)
7.4.2 Smart Manufacturing Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Smart Retail
7.5.1 Smart Retail Market Trends Analysis (2020-2032)
7.5.2 Smart Retail Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Smart Transportation
7.6.1 Smart Transportation Market Trends Analysis (2020-2032)
7.6.2 Smart Transportation Market Size Estimates and Forecasts to 2032 (USD Billion)
7.7 Others
7.6.1 Others Market Trends Analysis (2020-2032)
7.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. IoT Connectivity Market Segmentation, by Enterprise Size
8.1 Chapter Overview
8.3 Small and Medium-sized Enterprises
8.3.1 Small and Medium-sized Enterprises Market Trends Analysis (2020-2032)
8.3.2 Small and Medium-sized Enterprises Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Large Enterprises
8.4.1 Large Enterprises Market Trends Analysis (2020-2032)
8.4.2 Large Enterprises Market Size Estimates and Forecasts to 2032 (USD Billion)
9. IoT Connectivity Market Segmentation, by Component
9.1 Chapter Overview
9.2 Solutions
9.2.1 Solutions Market Trends Analysis (2020-2032)
9.2.2 Solutions Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Services
9.3.1 Services Market Trends Analysis (2020-2032)
9.3.2 Services Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America IoT Connectivity Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.2.4 North America IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.2.5 North America IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.2.6.2 USA IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.2.6.3 USA IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.2.7.2 Canada IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.2.7.3 Canada IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.2.8.2 Mexico IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.2.8.3 Mexico IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe IoT Connectivity Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.1.6.2 Poland IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.1.6.3 Poland IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.1.7.2 Romania IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.1.7.3 Romania IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.1.8.2 Hungary IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.1.8.3 Hungary IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.1.9.2 Turkey IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.1.9.3 Turkey IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe IoT Connectivity Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.2.4 Western Europe IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.2.5 Western Europe IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.2.6.2 Germany IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.2.6.3 Germany IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.2.7.2 France IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.2.7.3 France IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.2.8.2 UK IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.2.8.3 UK IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.2.9.2 Italy IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.2.9.3 Italy IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.2.10.2 Spain IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.2.10.3 Spain IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.2.13.2 Austria IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.2.13.3 Austria IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific IoT Connectivity Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.4.4 Asia Pacific IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.4.5 Asia Pacific IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.4.6.2 China IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.4.6.3 China IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.4.7.2 India IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.4.7.3 India IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.4.8.2 Japan IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.4.8.3 Japan IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.4.9.2 South Korea IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.4.9.3 South Korea IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.4.10.2 Vietnam IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.4.10.3 Vietnam IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.4.11.2 Singapore IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.4.11.3 Singapore IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.4.12.2 Australia IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.4.12.3 Australia IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East IoT Connectivity Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.5.1.4 Middle East IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.5.1.5 Middle East IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.5.1.6.2 UAE IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.5.1.6.3 UAE IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.5.1.7.2 Egypt IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.5.1.7.3 Egypt IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.5.1.9.2 Qatar IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.5.1.9.3 Qatar IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa IoT Connectivity Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.5.2.4 Africa IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.5.2.5 Africa IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.5.2.6.2 South Africa IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.5.2.6.3 South Africa IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America IoT Connectivity Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.6.4 Latin America IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.6.5 Latin America IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.6.6.2 Brazil IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.6.6.3 Brazil IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.6.7.2 Argentina IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.6.7.3 Argentina IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.6.8.2 Colombia IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.6.8.3 Colombia IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America IoT Connectivity Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America IoT Connectivity Market Estimates and Forecasts, by Component (2020-2032) (USD Billion)
11. Company Profiles
11.1 Aeris Communications India Pvt. Ltd.
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 AT&T Inc.
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Cisco Systems Inc.
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Huawei Technologies Co. Ltd
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Orange
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Sierra Wireless
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Verizon Communications Inc.
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Vodafone Group Plc
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Hologram
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Particle
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
MARKET SEGMENTATION
By Enterprise Type
Buildings and Home Automation
Smart Energy and Utility
Smart Manufacturing
Smart Retail
Smart Transportation
Others
By Enterprise Size
Small and Medium-sized Enterprises
Large Enterprises
By Component
Solution
Services
for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
Cloud Infrastructure Services Market size was valued at USD 289.7 Bn in 2023 and is expected to reach USD 784.2 Bn by 2032 and grow at a CAGR of 11.7 % over the forecast period 2024-2032.
The System Infrastructure Software Market size was USD 158.72 billion in 2023 and will reach USD 336.27 Bn by 2032 and grow at a CAGR of 8.7% by 2024-2032.
The Smart Luggage Market Size was valued at USD 1.38 Billion in 2023 and will reach USD 6.90 Billion by 2032 and grow at a CAGR of 19.6% by 2024-2032.
The Analytics as a Service (AaaS) Market size was valued at USD 9.4 Billion in 2023 and is expected to reach USD 74.9 Billion by 2032 and growing at a CAGR of 26.0% over the forecast period of 2024-2032.
The Construction Management Software Market size is expected to reach USD 27.01 billion by 2032, and was valued at USD 11.09 billion in 2023. The projected CAGR is 10.4% for the forecast period of 2024-2032.
The Network Transformation Market size was valued at USD 45.93 Billion in 2023 and is expected to reach USD 1700.86 Billion by 2032 and grow at a CAGR of 49.40% over the forecast period 2024-2032.
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