Industry Background:
IoT connectivity is a new development that supports digital transformation, with the development of IoT connectivity, companies grow new revenues. With the growing trend of connected devices is growing in a rapid manner helps them changing companies’ business model. This provides end-to-end IoT connectivity. According to the industry leader Cisco, machine to machine is leading connectivity and covers 50% market share of all connections by 2023 and growing at the rate of 19%. In FY 2019, the Global IoT devices market witness USD 9.5 billion, and expected to grow at a rapid pace.This growth is primarily driven by The Explosion of Connected Devices, Growing Requirement of Reliable, Secure, and High-Speed Network Connectivity and Rise in Demand for Integrating the Standalone and Non-Standalone Components of IoT Ecosystem.
Globally, a noticeable market trend is evident Mobile Internet
. Major Players, such as AT&T (United States), Cisco (United States), Verizon (United States), Vodafone (United Kingdom), Ericsson (Sweden), Sierra Wireless (Canada), Orange (France), Telefónica (Spain), Huawei (China) and Telit (Italy) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Feb 2020, Cisco announced the development of its IoT portfolio by offers optimized management of cellular IoT environments and new 5G use cases. With the help of new wireless technologies including 5G, Wi-Fi 6 delivers advanced industrial IoT to provide complete cellular IoT offerings for their customers.
Market Drivers
- The Explosion of Connected Devices
- Growing Requirement of Reliable, Secure, and High-Speed Network Connectivity
- Rise in Demand for Integrating the Standalone and Non-Standalone Components of IoT Ecosystem
Market Trend
- Mobile Internet
- Cloud Technology
- Autonomous and Near-Autonomous Vehicles
- Next Generation Genomics
- Edge Computing
Restraints
- Data Security Concerns and Cyberattacks on Connectivity Layer
Opportunities
Increase Availability of Machine to Machine Connectivity, Development in IoT Value Chain and Increase Government Investment Towards the Digitization
Challenges
The Fluctuation of Government Regulations from Country to Country and It Required High Bandwidth and Energy Consumption
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, IoT Connectivity Study Sheds Light on
The IoT Connectivity Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the IoT Connectivity industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where IoT Connectivity industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.