According to a new market report by Lucintel, the future of the IoT connectivity market looks promising with opportunities in the BFSI, healthcare, aerospace & defense, IT & telecommunication, retail & E-commerce, and manufacturing industries. The global IoT connectivity market is expected to grow with a CAGR of 19% from 2021 to 2026. The major drivers for this market are secure & high speed connectivity; need to integrate components of the IoT ecosystem, increasing demand of IoT in telecommunication sector.
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In this market, different types of components of the IoT connectivity, such as platform, and services. Platform segment is expected to witness the highest growth over the forecast period due to the common point to manage the entire network of an organization along with devices, and, at the same time, ensure the security of communications. These platforms analyze data transferred over a network and automatically routes it to avoid congestions that can result in a network crash.
The North America will remain the largest region during the forecast period due to increasing adoption of IoT, AI, & cloud computing, high R&D investment, and digital transformation.
AT&T, Cisco, Verizon, Vodafone, Ericsson, Sierra Wireless, Orange, Telefónica, Huawei, Telit, Hologram, Particle, Aeris, Sigfox, EMnify, and Moeco are among the major IoT connectivity manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global IoT connectivity market by component, organization size, application, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global IoT Connectivity Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global IoT connectivity market by component, organization size, application, end use industry, and region as follows:
By Component [$M shipment analysis for 2015 – 2026]:
By Organization Size [$M shipment analysis for 2015 – 2026]:
By Application [$M shipment analysis for 2015 – 2026]:
Building & Home Automation
Smart Energy & Utility
Smart Manufacturing
Connected Health
Smart Retail
Smart Transportation
By End Use Industry [$M shipment analysis for 2015 – 2026]:
BFSI
Healthcare
Defense & Aerospace
IT & Telecommunication
Retail & E-Commerce
Manufacturing
Others
By Region [$M shipment analysis for 2015 – 2026]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.