About IoT Connectivity Management Platform
IoT Connectivity Management Platform are solutions which enable the firms to monitor, process or analyse on Cellular based IoT devices as well as Machine to Machine Deployments. This services provide better control over network connections, and the data passed through various IoT Devices Connected to the Server. IoT CMP allows Firms to easily configure IOT infrastructure according to their personal requirements, and helps in maintenance as well as optimization of IoT devices on the network for better performance. With the Emergence of Better Connectivity Options such as 5g, RFID, Zigbee, UWB technology the growth of IoT market is certain. This also enhances Firm’s Productivity and Coordination, which becomes a necessity with dynamic changes in business operations such as in Covid Pandemic. SMEs is a key segment in the coming years, with growing adoption of IoT and Cloud Computing Solutions in the segment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global IoT Connectivity Management Platform market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ericsson (Sweden), Cisco (United States), Orange (France), AT&T (United States), Verizon (United States), Huawei Technologies Co., Ltd. (China), Aeris Communications (United States), Sierra Wireless (Canada), Vodafone Group Plc (United Kingdom) and Wireless Logic Ltd. (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Avnet, Inc. (United States), EMnify (Germany) and Telia Company AB (Sweden).
Segmentation Overview
AMA Research has segmented the market of Global IoT Connectivity Management Platform market by Type (Platform and Services), Application (Smart Building Automation, Location Tracking, Smart Retail and Others) and Region.
On the basis of geography, the market of IoT Connectivity Management Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). If we see Market by End User , the sub-segment i.e. BFSI will boost the IoT Connectivity Management Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component , the sub-segment i.e. Software will boost the IoT Connectivity Management Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organisation Size , the sub-segment i.e. SMEs will boost the IoT Connectivity Management Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Smart Building Technology will Witness Immense Growth
Market Growth Drivers:
Enhanced Focus on Digitisation of Business, Increasing Demand for Cloud Computing and Related Technology, Growing Popularity of Streamlined Business Solutions to Improve Operational Efficiencies, Rising Demand for Data Monitoring and Analytics Solutions and Higher Penetration of Internet Specifically Cellular Services
Challenges:
Intense Competition, Rise in Data Privacy Concerns and Interoperability of Different Systems and Devices
Restraints:
Irregularities in Government Compliances for IOT devices and Surge in Cyber Attacks
Opportunities:
SMEs are an Exciting Opportunity with High Potential of Growth
Market Leaders and their expansionary development strategies
In 2021, Wireless Logic Ltd., One of the Industry Leaders in IoT solutions has announced completion of acquisition of Norway based Cellular IOT Connectivity Solutions Provider, Com4. The acquisition will expand Wireless Logic’s expertise and capacity in Mobile based services and also help expand its foothold in Nordic Region.
In 2021, Telia Company AB, Sweden based multinational telecom operator and IoT solutions provider has announced launch of its new IOT product called Telia Global IoT Connectivity. Which the company says would improve effeciencies. Provide more features and reduce costs upto 28 percent on average for Global IOT connectivity Services.
UAE’s Regulator TRA, asks IOT providers for Security by Design and compliance as per IoT regulatory policy as Key requirement for Approval of IOT Communication Devices, , Netherlands Government has set minimum regulatory requirements which include Compliance with Radio Equipment Directive, and certification under CE marking, and United States based Federal Trade Commission specifies that according to General Data Protection Regulation, stringent data privacy rules should be applicable to IOT devices
Key Target Audience
IoT Connectivity Management Platform Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.