The IoT Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s IoT Global Market Report 2024, The iot market size has grown rapidly in recent years. It will grow from $464.45 billion in 2023 to $552.87 billion in 2024 at a compound annual growth rate (CAGR) of 19.0%. The growth in the historic period can be attributed to proliferation of connected devices, data analytics and insights, industrial automation, smart cities initiatives, healthcare transformation.
The iot market size is expected to see exponential growth in the next few years. It will grow to $1175.77 billion in 2028 at a compound annual growth rate (CAGR) of 20.8%. The growth in the forecast period can be attributed to 5g network rollout, edge computing adoption, expansion in industrial iot (iiot), smart home and consumer iot, focus on sustainability and energy efficiency. Major trends in the forecast period include blockchain for data integrity, interoperability standards, edge ai and inference, focus on sustainable iot solutions, healthcare iot growth.
The application of IoT in various industries such as automotive industry is driving the growth of the IoT market. The introduction of IoT in the automotive industry has opened up new opportunities for carmakers and consumers worldwide. IoT has become a popular hotspot for varied multifunctional applications in the automotive sector. IoT offers enhanced communication, control and data delivery at any transportation point. Major companies like Mercedes-Benz, Volkswagen, Volvo, Toyota and Google Inc. are increasingly investing in developing smart cars with rich features that offer healthier, more convenient and more enjoyable driving experiences. According to UBS, 12% of the total cars sold in 2030 will be for autonomous taxi fleets with 26 million driverless taxis in operation worldwide, approximately.
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The iot market covered in this report is segmented –
1) By Platform: Device Management, Application Management, Network Management
2) By Application: Building And Home Automation, Smart Energy And Utilities, Smart Manufacturing, Connected Logistics, Smart Retail, Smart Mobility And Transportation, Other Applications
3) By End Use Industry: BFSI, Retail, Government, Healthcare, Manufacturing, Transportation, IT & Telecom, Other End-User Industries
The IoT devices collect a great deal of data of all types. Managing this data and analyzing it will help maximize its value for the company. Data analytics will help in analysis of IoT data in several areas such as data accuracy in time series, predictive and advanced analytics, data preparation, geospatial and location real-time (logistic data). In 2020, major cloud vendors such as Amazon, Microsoft and Google, are increasingly using data analytics for business improvement and various companies hope to expand their market share with AI algorithms capable of exploiting machine learning and deep learning, allowing businesses to derive more value and make informed decisions from the increasing data volumes.
The iot market report table of contents includes:
1. Executive Summary
2. IoT Connectivity Management Platform Market Characteristics
3. IoT Connectivity Management Platform Market Trends And Strategies
4. IoT Connectivity Management Platform Market - Macro Economic Scenario
5. Global IoT Connectivity Management Platform Market Size and Growth
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31. IoT Connectivity Management Platform Market Other Major And Innovative Companies
32. Global IoT Connectivity Management Platform Market Competitive Benchmarking
33. Global IoT Connectivity Management Platform Market Competitive Dashboard
34. Key Mergers And Acquisitions In The IoT Connectivity Management Platform Market
35. IoT Connectivity Management Platform Market Future Outlook and Potential Analysis
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In this report, our team offers a comprehensive analysis of IOT Connectivity Management Platform (CMP) market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-iot-connectivity-management-platform-cmp-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering• Truphone• HPE• Cisco Systems• Proximus Group• Huawei• Nokia• KORE• Ericsson• Arm• Comarch• Aeris• ZTE• Swisscom• MAVOCO• EMnify• Links Field On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into• Cellular• Non-cellular By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into• Automotive• Consumer Electronics• Retail• Energy and Utilities• Finance and Banking• Healthcare• Manufacturing• Transport and Logistics By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like• China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-iot-connectivity-management-platform-cmp-market-2020-2026 Table of Contents Global IOT Connectivity Management Platform (CMP) Market Professional Survey Report 20191 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Cellular1.3.2 Non-cellular1.4 Application Overview1.4.1 Automotive1.4.2 Consumer Electronics1.4.3 Retail1.4.4 Energy and Utilities1.4.5 Finance and Banking1.4.6 Healthcare1.4.7 Manufacturing1.4.8 Transport and Logistics1.5 Industrial Chain1.5.1 IOT Connectivity Management Platform (CMP) Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Cellular2.1.2 Non-cellular2.2 The Overall Market Performance(Value)2.2.1 Cellular2.2.2 Non-cellular 3 Global IOT Connectivity Management Platform (CMP) Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Automotive3.3 Consumer Electronics3.4 Retail3.5 Energy and Utilities3.6 Finance and Banking3.7 Healthcare3.8 Manufacturing3.9 Transport and Logistics 4 Competitive Analysis4.1 Truphone4.1.1 Truphone Profiles4.1.2 Truphone Product Information4.1.3 Truphone IOT Connectivity Management Platform (CMP) Business Performance4.1.4 SWOT Analysis4.2 HPE4.2.1 HPE Profiles4.2.2 HPE Product Information4.2.3 HPE IOT Connectivity Management Platform (CMP) Business Performance4.2.4 SWOT Analysis4.3 Cisco Systems4.3.1 Cisco Systems Profiles4.3.2 Cisco Systems Product Information4.3.3 Cisco Systems IOT Connectivity Management Platform (CMP) Business Performance4.3.4 SWOT Analysis Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/ict About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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As each business case has its own goals, each Internet of Things system has its own needs, including the needs to connectivity in terms of range, data throughput, latency, etc.IoT applications are emerging in various verticals or application enablement platforms.
Connected cars are already being provided by numerous automotive players, while other smart solutions & services are being developed, such as connected factories & smart agriculture.
As early IoT adopters, various telecom operators are, together with other IoT ecosystem partners, already providing smart services beyond the mobile broadband connectivity.
Global IoT connectivity is the key enabler of digital business transformation.
This leads to informed business decisions.Before choosing Internet of Things connectivity optionsInternet of Things connectivity management services varies in range, power consumption, reliability, cost, bandwidth, & scalability capabilities.
Various options need a specific environment, for instance, closed space with little electromagnetic interference, & is completely useless in other environments such as underground or outdoors.
Over a long term, even small addition to the costing or small disturbances to the service can cause major repercussions.
So, it is essential that one chooses an IoT platform that is well-equipped to fulfill connectivity requirements.Type of IoT Data ConnectivityIoT data connectivity can vary greatly.
It is essential to find a connectivity solution that is appropriate.
Have a look at some variations of IoT connectivity:Slow connectivity solutionsThere are times when IoT sensors discharge is a major costing issue.
These slow connectivity solutions can help you save a lot of money.Very short-range connectivity solutionsBluetooth, NFC and RFID are short-range connectivity types that work well in shopping malls and retail stores.
With 5G beckoning, the speeds of mobile connectivity would increase greatly.Wireless and LANWithin a home or office premises, the devices can be operated via Wi-Fi or LAN.Satellite connectivityIf the device needs to be reached is far away from basic connectivity solutions, you would need satellite connectivity.The Importance of IoT BillingFor MVNOs and mobile telecom operators, it is crucial to bill every IoT service accurately.
It has developed the social dimension to itself with more & more individuals, not all of them technically savvy, beginning to understand that IoT is going to play an increasingly significant part in their daily lives.
That being stated, there seems to be a gradual realization which IoT & numerous devices it empowers are soon going to be as global as smartphones.
IoT opens the door for new business opportunities & helps businesses benefit from new revenue streams developed by advanced business models & services.
IoT-driven innovations or enterprise IOT solutions build strong business cases, reduce time to market & increase return on the investments.
IoT has the potential to transform the way customers & businesses approach the world by leveraging the scope of IoT beyond the connectivity.
by using sensors & connectivity that helps organizations to attain benefit from the real-time insights.
