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IoT Connectivity Market by Component (Platform, Services), Organization Size, Application Areas (Building &Home Automation, Smart Energy & Utility, Smart Manufacturing, Connected Health, Smart Retail, Smart Transportation), Region - Global Forecast to 202

IoT Connectivity Market by Component (Platform, Services), Organization Size, Application Areas (Building &Home Automation, Smart Energy & Utility, Smart Manufacturing, Connected Health, Smart Retail, Smart Transportation), Region - Global Forecast to 2024

The proliferation of connected devices to drive the IoT connectivity market
MarketsandMarkets expects the IoT Connectivity market to grow from USD 3.8 billion in 2019 to USD 8.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 18.7% from 2019 to 2024. Organizations are adopting advanced technologies, such as the IoT and cloud services, achieving successful digital transformation. IoT generates a substantial amount of data that needs to be deposited, managed, and analyzed efficiently. The increasing computational power of IoT devices aids in carrying out multiple functions in real time at a faster rate. The insights obtained after data analysis are used to drive actionable steps that can improve business. Hence, the adoption rate of IoT devices is increasing across the globe.

By component, platform segment to account for a higher market share during the forecast period
Based on component, the platform segment is expected to hold a higher market share than the services segment during the forecast period. The IoT connectivity platform acts as a common point to manage the entire network of an organization along with devices, and, at the same time, ensure the security of communications. These platforms analyze data transferred over a network and automatically routes it to avoid congestions that can result in a network crash. Majority of the IoT connectivity platform providers offer an access-agnostic, open, flexible, and secure connection management platform.

By services, managed services segment to hold a larger market size during the forecast period
Among services, the managed services segment is expected to witness a higher growth rate than the professional services segment during the forecast period. Managed services help clients manage their IoT connectivity operations from consultancy to deployment and maintenance. The prime responsibility of the managed services providers is to improve the efficiency of inbound and outbound operations cost-effectively for enterprises.

Among regions, Asia Pacific (APAC) to grow at the highest CAGR during the forecast period
The market in APAC is projected to grow at the highest CAGR during the forecast period, due to the massive potential for the applications of IoT in sectors such as manufacturing, automotive, and building automation. The adoption of the IoT-based devices is increasing at a swift pace in APAC owing to the digital initiatives by various governments. The presence of growing economies such as China and India, which are rapidly implementing latest technologies is also expected to contribute to the growth of the IoT connectivity market in the region.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the IoT connectivity market.

The breakup of the profiles of the primary participants is given below:
By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
By Designation: C-Level – 40%, Director Level – 25%, Managers–25%, Others – 10%
By Region: North America – 45%, Europe – 25%, Asia Pacific – 20%, RoW – 10%

The following key IoT connectivity vendors are profiled in the report:
AT&T (US)
Cisco (US)
Verizon (US)
Vodafone (UK)
Ericsson (Sweden)
Sierra Wireless (Canada)
Orange (France)
Telefónica (Spain)
Huawei (China)
Telit (Italy)
Hologram (US)
Particle (US)
Aeris (US)
Sigfox (France)
EMnify (Germany)
Moeco (US)

Research Coverage
IoT connectivity market is segmented by component (platform and services), organization size (large enterprises and SMEs), application areas, and region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; services; key strategies; new service launches; partnerships, agreements, and collaborations; business expansions; and competitive landscape associated with the IoT connectivity market.

Reasons to Buy the Report
The report would help the market leaders/new entrants in the following ways:
It comprehensively segments the IoT connectivity market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different regions.
It would help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities.
It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes competitor ecosystem, new service developments, partnerships, and acquisitions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY CONSIDERED
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2016–2018
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET BREAKUP AND DATA TRIANGULATION
    • MARKET SIZE ESTIMATION
      • TOP-DOWN APPROACH
      • BOTTOM-UP APPROACH
    • MARKET FORECAST
      • Table FACTOR ANALYSIS
    • COMPETITIVE LEADERSHIP MAPPING RESEARCH METHODOLOGY
    • RESEARCH ASSUMPTIONS AND LIMITATIONS
      • ASSUMPTIONS FOR THE STUDY
      • LIMITATIONS OF THE STUDY
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE IOT CONNECTIVITY MARKET
    • IOT CONNECTIVITY MARKET IN ASIA PACIFIC, BY COMPONENT AND COUNTRY
    • IOT CONNECTIVITY MARKET: MAJOR COUNTRIES
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • OPPORTUNITIES
      • CHALLENGES
    • REGULATORY IMPLICATIONS
      • ISO STANDARDS
      • ISO/IEC JTC 1
      • IEEE
      • CEN/ISO
      • CEN/CENELEC
      • ETSI
      • ITU-T
    • USE CASES
      • USE CASE 1: CISCO JASPER ENABLING VIVINT TO INCREASE REVENUES BY ADDING NEW SERVICES
      • USE CASE 2: GRUNDFOS DRIVING INNOVATION IN WATER TECHNOLOGY WITH THE HELP OF ERICSSON'S IOT CONNECTIVITY MANAGEMENT
      • USE CASE 3: TELIT'S ASSET TRACKING AND INVENTORY MANAGEMENT SOLUTIONS HELPING RESTAURANT TECHNOLOGIES TO TROUBLESHOOT REMOTELY AND UPDATE TELEMETRY DEVICES
      • USE CASE 4: SIERRA WIRELESS IOT ENABLING PREDICTIVE MAINTENANCE TO SUPPORT VEOLIA'S PREMIUM SERVICE OFFERING
      • USE CASE 5: ARM'S PELION CONNECTIVITY MANAGEMENT ENABLING UK SMART METER SYSTEMS TO DEPLOY, OWN, AND MANAGE SMART METERING ASSETS THROUGHOUT THE COUNTRY
  • IOT CONNECTIVITY MARKET, BY COMPONENT
    • INTRODUCTION
      • Table IOT CONNECTIVITY MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
    • PLATFORM
      • RISING NEED FOR NETWORK MANAGEMENT THROUGH A SINGLE PLATFORM TO DRIVE THE DEPLOYMENT OF IOT CONNECTIVITY PLATFORM
        • Table PLATFORM: IOT CONNECTIVITY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • SERVICES
      • Table SERVICES: IOT CONNECTIVITY MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
      • Table SERVICES: IOT CONNECTIVITY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
      • PROFESSIONAL SERVICES
        • Table PROFESSIONAL SERVICES MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table CONSULTING MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
        • Table IMPLEMENTATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
        • Table SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
      • MANAGED SERVICES
        • Table MANAGED SERVICES MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
  • IOT CONNECTIVITY MARKET SIZE, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table IOT CONNECTIVITY MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION)
    • LARGE ENTERPRISES
      • INCREASING NUMBER OF CONNECTED DEVICES ACROSS LARGE ENTERPRISES TO DRIVE THE IOT CONNECTIVITY MARKET
        • Table LARGE ENTERPRISES: IOT CONNECTIVITY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • SMALL AND MEDIUM-SIZED ENTERPRISES
      • TAILOR-MADE APPROACH FROM VENDORS TO DRIVE SMALL AND MEDIUM-SIZED ENTERPRISES TOWARD THE ADOPTION OF IOT CONNECTIVITY PLATFORMS
        • Table SMALL AND MEDIUM-SIZED ENTERPRISES: IOT CONNECTIVITY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
  • IOT CONNECTIVITY MARKET SIZE, BY APPLICATION AREA
    • INTRODUCTION
      • Table IOT CONNECTIVITY MARKET SIZE, BY APPLICATION AREA, 2017–2024 (USD MILLION)
    • SMART RETAIL
      • INCREASING FOCUS TO PROVIDE SEAMLESS CUSTOMER EXPERIENCE TO DRIVE THE NEED FOR A UNIFIED IOT CONNECTIVITY PLATFORM IN SMART RETAIL
        • Table SMART RETAIL: IOT CONNECTIVITY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • SMART MANUFACTURING
      • INDUSTRY 4.0 TO DRIVE THE ADOPTION OF IOT CONNECTIVITY PLATFORMS
        • Table SMART MANUFACTURING: IOT CONNECTIVITY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • CONNECTED HEALTH
      • IOT CONNECTIVITY PLATFORM TO ENABLE SEAMLESS REMOTE PATIENT MONITORING FOR HEALTHCARE PROVIDERS
        • Table CONNECTED HEALTH: IOT CONNECTIVITY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • BUILDING AND HOME AUTOMATION
      • IOT CONNECTIVITY IS PERVASIVE FOR EFFECTIVE BUILDING AUTOMATION
        • Table BUILDING AND HOME AUTOMATION: IOT CONNECTIVITY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • SMART TRANSPORTATION
      • ROBUST IOT CONNECTIVITY MANAGEMENT TO OFFER SEAMLESS INFORMATION FLOW TO COMMUTERS
        • Table SMART TRANSPORTATION: IOT CONNECTIVITY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • SMART GRID AND UTILITIES
      • SMART METER AND SMART GRID INITIATIVES TO DRIVE THE DEMAND FOR IOT NETWORK CONNECTIVITY
        • Table SMART GRID AND UTILITIES: IOT CONNECTIVITY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • OTHERS
      • Table OTHERS: IOT CONNECTIVITY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
  • IOT CONNECTIVITY MARKET, BY REGION
    • INTRODUCTION
      • Table IOT CONNECTIVITY MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: IOT CONNECTIVITY MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: IOT CONNECTIVITY MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: IOT CONNECTIVITY MARKET SIZE, BY PROFESSIONAL SERVICE, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: IOT CONNECTIVITY MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: IOT CONNECTIVITY MARKET SIZE, BY APPLICATION AREA, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: IOT CONNECTIVITY MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • UNITED STATES
      • CANADA
    • EUROPE
      • Table EUROPE: IOT CONNECTIVITY MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
      • Table EUROPE: IOT CONNECTIVITY MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
      • Table EUROPE: IOT CONNECTIVITY MARKET SIZE, BY PROFESSIONAL SERVICE, 2017–2024 (USD MILLION)
      • Table EUROPE: IOT CONNECTIVITY MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION)
      • Table EUROPE: IOT CONNECTIVITY MARKET SIZE, BY APPLICATION AREA, 2017–2024 (USD MILLION)
      • Table EUROPE: IOT CONNECTIVITY MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • UNITED KINGDOM
      • GERMANY
      • REST OF EUROPE
    • ASIA PACIFIC
      • Table ASIA PACIFIC: IOT CONNECTIVITY MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC: IOT CONNECTIVITY MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC: IOT CONNECTIVITY MARKET SIZE, BY PROFESSIONAL SERVICE, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC: IOT CONNECTIVITY MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC: IOT CONNECTIVITY MARKET SIZE, BY APPLICATION AREA, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC: IOT CONNECTIVITY MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • CHINA
      • JAPAN
      • REST OF ASIA PACIFIC
    • LATIN AMERICA
      • Table LATIN AMERICA: IOT CONNECTIVITY MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
      • Table LATIN AMERICA: IOT CONNECTIVITY MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
      • Table LATIN AMERICA: IOT CONNECTIVITY MARKET SIZE, BY PROFESSIONAL SERVICE, 2017–2024 (USD MILLION)
      • Table LATIN AMERICA: IOT CONNECTIVITY MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION)
      • Table LATIN AMERICA: IOT CONNECTIVITY MARKET SIZE, BY APPLICATION AREA, 2017–2024 (USD MILLION)
      • Table LATIN AMERICA: IOT CONNECTIVITY MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • BRAZIL
      • MEXICO
      • REST OF LATIN AMERICA
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: IOT CONNECTIVITY MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: IOT CONNECTIVITY MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: IOT CONNECTIVITY MARKET SIZE, BY PROFESSIONAL SERVICE, 2017–2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: IOT CONNECTIVITY MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: IOT CONNECTIVITY MARKET SIZE, BY APPLICATION AREA, 2017–2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: IOT CONNECTIVITY MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • SAUDI ARABIA
      • UNITED ARAB EMIRATES
      • REST OF MIDDLE EAST AND AFRICA
  • COMPETITIVE LANDSCAPE
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • INNOVATORS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING COMPANIES
    • STRENGTH OF PRODUCT PORTFOLIO
    • BUSINESS STRATEGY EXCELLENCE
    • RANKING OF KEY PLAYERS FOR THE IOT CONNECTIVITY MARKET, 2019
  • COMPANY PROFILES
    • CISCO JASPER
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HUAWEI
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • AT&T
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TELEFÓNICA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ERICSSON
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • VODAFONE
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • SIERRA WIRELESS
      • BUSINESS OVERVIEW
      • PLATFORMS OFFERED
      • RECENT DEVELOPMENTS
    • ORANGE BUSINESS SERVICES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • VERIZON ENTERPRISE SOLUTIONS
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • TELIT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • HOLOGRAM
    • PARTICLE
    • AERIS
    • SIGFOX
    • EMNIFY
    • MOECO
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATION
    • RELATED REPORTS
    • AUTHOR DETAILS

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