Market Snapshot:
IoT network refers to the infrastructure and connectivity solutions that make it possible for things like devices and sensors to talk to each other and connect with centralized systems. IoT networks use multiple connectivity technologies such as Wi-Fi, Bluetooth, Zigbee, cellular, LPWA etc. depending on the requirements of an application. Significant growth of connected devices, including smartphones, wearables and connected machines, is driving demand for sophisticated and high-performing networks that can handle complex data. IoT networks has been gaining much popularity in industrial automation where streamlined data management can be critical which is expected to boost the market growth.
Highlights from Internet of Things Networks Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Players profiled in the report are AT&T Inc. (United States), Sierra Wireless (Canada), Huawei Technologies Co., Ltd. (China), Sercomm Corporation (Taiwan), Verizon Communications Inc. (United States), Vodafone Group Plc (United Kingdom), Cisco Systems, Inc. (United States), ZTE Corporation (China), Telit (Italy), Sequans Communications (France), T-Mobile (Germany) and Fibocom Wireless Inc. (China).
Geographic Breakdown and Segment Analysis
The Global Internet of Things Networks market presents a comprehensive analysis of the Internet of Things Networks market by product type (Cellular (LTE-M, NB-IoT), LAN/PAN (Bluetooth, WiFi), LPWAN (Sigfox, LoRaWAN) and Mesh Protocols (Zigbee, RFID, Z-Wave)), by end-user/application (Asset Tracking & Management, Smart Agriculture, Smart Building & Home, Smart City, Smart Metering, Lighting Management and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Internet of Things Networks industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Internet of Things Networks market
Analyst at AMA have segmented the market study of Global Internet of Things Networks market by Type, Application and Region.
Influencing Trend:
Integration of Advanced Technologies Such as AI and Machine Learning into IoT Network for Real-time Data Analysis and Innovation in Network Technologies Such as 5G, LPWAN and R&D on 6G Networking
Market Growth Drivers:
Increasing Demand of Connected Devices and Industrial Automation is Driving Growth and Increased Usage of Telehealth, Digital Diagnostics, Remote Monitoring, and Robot Assistance
Challenges:
High Investment Cost to Set Up IoT Network Infrastructure Slow Adoption in Some Underdeveloped Countries
Restraints:
Rising Concerns of Data Breach and Security Due to Increasing Number of Cyberattacks
Opportunities:
Government Initiatives to Build Smart Cities is Expected to Create Opportunities
Market Developments Activities:
On April 24, 2019 - At IBM's IoT Exchange, IBM has announced a collaboration with Sund & Baelt which owns and operates some of the largest infrastructure in the world to assist in IBM's development of an AI-powered IoT solution designed to help prolong the lifespan of aging bridges, tunnels, highways and railways.
The key players are targeting the innovations of the Solutions with better quality, better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, IoT Networking Infrastructure Providers, Telecommunication Companies, Semiconductor Manufacturers & Distributors, Venture Capitalists and Private Equity Firms, Government Bodies, Research Organizations, End User Industries and Others