Global IoT Connectivity
Market Report
2024
The global IoT Connectivity market size is USD 8.9 billion in 2024. The IoT Connectivity market will show the strongest growth with a compound annual growth rate (CAGR) of 20.47% from 2024 to 2031. This growth can be attributed to the proliferation of smart devices and wearables.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global IoT Connectivity Market Sales Revenue 2024 | $ 8.9 Billion |
Global IoT Connectivity Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 20.47% |
Market Drivers: | |
Market Restrains:
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Market Split by Component |
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Market Split by Application |
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Market Split by Enterprise Size |
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Market Split by End Use Industry |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of IoT Connectivity industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
IoT Connectivity Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The IoT Connectivity market is pivotal in the digital transformation landscape, facilitating seamless communication and data exchange among interconnected devices and systems. IoT Connectivity encompasses a diverse range of technologies and protocols, enabling devices to transmit data over networks such as Wi-Fi, Bluetooth, cellular, and LPWAN (Low Power Wide Area Network). This connectivity enables applications across various sectors, including healthcare, smart cities, agriculture, and manufacturing, driving efficiency, automation, and real-time insights. Despite its rapid growth, the market faces challenges such as security vulnerabilities, interoperability issues, and the complexity of managing diverse networks and protocols. However, ongoing advancements in IoT connectivity solutions, including improved security measures, standardized protocols like MQTT and CoAP, and advancements in edge computing and 5G networks, are expanding opportunities. As industries embrace IoT to enhance operational processes and customer experiences, the IoT Connectivity market continues to evolve, poised to play a pivotal role in shaping the future of connected ecosystems globally.
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In September 2022, Amazon unveiled a significant industrial development with the launch of its IoT-based Amazon Astro, a multifunctional home robot designed to enhance household monitoring and interaction. Its capabilities extend to playing with pets, interacting with Alexa, and undertaking tasks like checking the front door, delivering items, and participating in video calls, marking a notable advancement in home automation and IoT technology. (Source:https://www.amazon.com/Introducing-Amazon-Astro/dp/B078NSDFSB)
Top Companies Market Share in IoT Connectivity Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue due to its advanced infrastructure, widespread adoption of IoT technologies across industries like healthcare, manufacturing, and automotive, and significant investments in 5G networks and IoT platforms by leading technology companies and service providers based in the region.
Asia-Pacific stands out as the fastest-growing region in the IoT Connectivity market due to rapid urbanization, increasing adoption of smart technologies in industries such as manufacturing and transportation, and government initiatives promoting digital transformation. The region's expanding IoT infrastructure and large population drive substantial growth opportunities for connectivity solutions.
The current report Scope analyzes IoT Connectivity Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global IoT Connectivity Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing IoT Connectivity Industry growth. IoT Connectivity market has been segmented with the help of its Component, Application Enterprise Size, and others. IoT Connectivity market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for IoT Connectivity market.
Component of IoT Connectivity analyzed in this report are as follows:
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of IoT Connectivity from 2019 to 2031. This will also help to analyze the demand for IoT Connectivity across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Application of IoT Connectivity are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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According to cognitive market research, IT and Telecommunication is the dominant category by providing the infrastructure and services essential for seamless data transmission and device connectivity. These sectors leverage their expertise in network management, cloud computing, and data analytics to support IoT deployments across various industries. Telecom companies offer robust cellular networks and LPWAN solutions, while IT providers develop secure platforms and protocols for managing IoT devices and data. Their ability to deliver reliable connectivity solutions, coupled with advancements in 5G technology and edge computing, positions IT and Telecommunication as key enablers in driving the expansion and adoption of IoT Connectivity globally.
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global IoT Connectivity Market is witnessing significant growth in the near future.
In 2023, the Solutions segment accounted for noticeable share of global IoT Connectivity Market and is projected to experience significant growth in the near future.
The Buildings and Home Automation segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Aeris Communications India Pvt. Ltd, Cisco Systems Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Component | Solutions, Services |
Application | Buildings and Home Automation, Smart Energy and Utility, Smart Manufacturing, Smart Retail, Smart Transportation, Others |
Enterprise Size | SMEs, Large Enterprises |
End Use Industry | BFSI, Healthcare, Travel and Hospitality, Defense and Aerospace, IT and Telecommunication, Retail and E-Commerce, Manufacturing, Others |
List of Competitors | Aeris Communications India Pvt. Ltd, AT&T Inc., Cisco Systems Inc., Huawei Technologies Co. Ltd., Sierra Wireless, Sigfox, LM Ericsson, Telefónica S.A., Telit IoT Platforms, LLC, Verizon Communications Inc., Vodafone Group Plc |
This chapter will help you gain GLOBAL Market Analysis of IoT Connectivity. Further deep in this chapter, you will be able to review Global IoT Connectivity Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Enterprise Size Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by End Use Industry Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global IoT Connectivity market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Solutions have a significant impact on IoT Connectivity market? |
What are the key factors affecting the Solutions and Services of IoT Connectivity Market? |
What is the CAGR/Growth Rate of Buildings and Home Automation during the forecast period? |
By type, which segment accounted for largest share of the global IoT Connectivity Market? |
Which region is expected to dominate the global IoT Connectivity Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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