How IoT Solutions and Services Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle

IoT Solutions and Services Market Latest Edition Published with Forecast to 2030


According to the report, Rapid Development of Wireless Technologies is one of the primary growth factors for the market. Increasing Need for Internet-Based Services is also expected to contribute significantly to the IoT Solutions and Services market. Overall, Remote Asset Monitoring/Predictive Maintenance applications of IoT Solutions and Services, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The End-Use Industry, such as Health, is boosting the IoT Solutions and Services market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Deployment, such as Web-based, is boosting the IoT Solutions and Services market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Component, such as Service, is boosting the IoT Solutions and Services market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global IoT Solutions and Services market identified that the demand is rising in many different parts of the world as "Growing Demand for IoT Solutions and Services". Furthermore, some recent industry insights like "In June 2023,Qualcomm Technologies, Inc. today announced two modem chipsets with satellite capability: the Qualcomm® 212S Modem and the Qualcomm® 9205S Modem. The new Qualcomm® modem chipsets power off-grid industrial use cases that require standalone non-terrestrial network (NTN) connectivity or hybrid connectivity alongside terrestrial networks, and allow IoT enterprises, developers, ODMs, and OEMs to harness real-time information and insights to manage business projects." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global IoT Solutions and Services market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the IoT Solutions and Services market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall IoT Solutions and Services market size is calculated using market estimation process, the IoT Solutions and Services market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global IoT Solutions and Services market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales