Industry Background:
The global Connectivity Platforms for IoT Devices market is expected to witness high demand in the forecasted period due to the growing need for reliable, secure, and high-speed network connectivity. An IoT platform is a multi-layer technology that enables straightforward provisioning, management, and automation of connected devices within the Internet of Things universe. Open-source IoT platforms providing a competitive advantage over traditional connectivity platform providers will create a lucrative opportunity in the forecasted period.
This growth is primarily driven by Increasing Demand due to Proliferation of Connected Devices and The Rising Adoption from Large Enterprises.
Globally, a noticeable market trend is evident The upsurging Requirements of Reliable, Secure, and High-Speed Network Connectivity
. The Internet Software & Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Sigfox (France), MAVOCO (Austria), Arm Holdings (SoftBank Group) (United Kingdom), Cisco (United States), Swisscom (Switzerland), EMnify (Germany), Sierra Wireless (Canada), Comarch (Poland), Aeris (Califirnia) and KORE Wireless (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 20th November 2019, Nippon Gas Co., Ltd has gas meters across Japan will get a smart makeover by the end of FY2020, thanks to a retrofitted gas meter reader developed by UnaBiz and SORACOM. The project marks one of the largest deployments of smart utilities solutions to date.
On 20th November 2019, Global IoT network operator Sigfox has launched private Area Network (PAN) to offer greater choice, enhances the accuracy of its Atlas geolocation services, Amadeus partners with Sigfox for travel industry asset tracking.
Market Drivers
- Increasing Demand due to Proliferation of Connected Devices
- The Rising Adoption from Large Enterprises
Market Trend
- The upsurging Requirements of Reliable, Secure, and High-Speed Network Connectivity
- The High Demand for Integrating the Standalone as well as Non-Standalone Components of IoT Ecosystem
Restraints
- The Increasing Issues Regarding Cyber Security
Opportunities
High Adoption due to The Integration of IoT with Blockchain and Growing Demand due to Telcos to Move Up the IoT Value Chain
Challenges
The Growing Concern Regarding High Bandwidth and Energy Consumption and Changing Government Regulations
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, Connectivity Platforms for IoT Devices Study Sheds Light on
The Connectivity Platforms for IoT Devices Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Connectivity Platforms for IoT Devices industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Connectivity Platforms for IoT Devices 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.