What is IOT Connectivity Management Platform (CMP) Market Scope?
IoT connectivity management platform connects and streamlines the management of IoT devices and M2M connections. Organizations are installing more and more IoT devices for predictive maintenance, fleet management, inventory management, etc. CMP allows to monitor, analyze, provision, and modify IoT devices that helps organizations to reduce the cost of IoT connectivity management and increase control. The CMP platforms are specially designed to overcome the challenges associated with IoT management in large operating facilities or infrastructures.
IOT Connectivity Management Platform (CMP) Market Dynamics:
Attributes | Details |
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Growth Drivers | - Growing IoT Devices or Sensors Adoption in Various Industries for Number of Applications
- Need for Real-Time Monitoring and Ensure the IoT Device is Connected
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Influencing Trends | - Development of Innovative CMP Platforms that Support Multiple Connectivity Technologies
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Restraints | - Growing Security Concerns and Lack of High-Speed Internet Connectivity
- The risk of data loss
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Road Blocks / Challenges | - Presence of a Large Number of Global Players in the Market May increase Competition and Create Challenges
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Gaps & Opportunities | - Increasing Investment in IIoT Devices or Sensors by Manufacturing Industry
- Reducing and minimizing the overall risks of the device being offline
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The IOT Connectivity Management Platform (CMP) market study is being classified by Type (Cellular {LTE, GSM, HSPA, CDMA} and Non-Cellular {Wi-Fi, Bluetooth, ZigBee, LPWA}), by Application (Chemical, Manufacturing, Retail & E-Commerce, Automotive, Healthcare, Transport & Logistics, Energy & Utilities, Telecommunication and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global IOT Connectivity Management Platform (CMP) market throughout the predicted period.
MAVOCO AG (Austria), Hewlett Packard Enterprise (United States), Honeywell International (United States), Comarch (Poland), Aeris (United States), EMnify (Germany), PTC Inc. (United States), IXON B.V. (Netherlands), JT IoT (United Kingdom), Pelion (United States), ZTE Corporation (China), Swisscom AG (Switzerland), Cisco (United States) and Accenture (Ireland) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global IOT Connectivity Management Platform (CMP) market by Type, Application and Region.
On the basis of geography, the market of IOT Connectivity Management Platform (CMP) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe, North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Influencers and their Development Strategies
In 2020, Accenture acquired Germany-based SALT Solutions AG to Improve Manufacturing Operations and Logistics with Cloud-Based Industrial IoT Platforms. SALT Solutions implements and maintains IT systems for production, operations, and logistics at leading German automotive, manufacturing, consumer goods, and chemicals companies. With the acquisition of SALT Solutions, Accenture will build cloud-based industrial internet of things (IoT) platforms that speed up and optimize clients’ production and logistics and enable them to reduce quality and waste issues along the entire supply chain.
In 2019, Honeywell International launched the industrial IoT platform, Honeywell Forge, for airlines, industrials, and buildings. The new platform analyzes building data such as energy, asset, occupant, and tenant billing management by leveraging artificial intelligence. The analytics includes maintenance, optimization, and cybersecurity and collects data from equipment, process, and people to provide insights to the infrastructure operator.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, IoT Connectivity Management Platform (CMP) Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-User Industries and Others
IOT Connectivity Management Platform (CMP) Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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