IoT Connectivity Market

IoT Connectivity Market Segment Analysis

The IoT Connectivity market is segmented based on type, end user industry and Region, Global trends and forecast.

By type, the market is IoT connectivity market by component (solution, services, platform) by end user industry (metal & mining, chemical, manufacturing, energy & power, oil & gas, healthcare, logistics & transport, agriculture and other).

Over 52% of the market's revenue in 2022 came from the solution segment, which is expected to continue to dominate the market during the forecast period. As part of their efforts to increase their market share, solution providers are placing a lot of emphasis on the introduction of cutting-edge information systems for various industries and industry verticals. The significant increase in connected devices, which generate a ton of data, is blamed for the growth. IoT applications also depend on centralized cloud services to control data flow and the industry's overall processes.

With a market share of over 18% in 2022, the manufacturing sector had the largest market share and is expected to continue to dominate during the forecast period. With the advent of Industry 4.0, IoT is becoming more and more popular in discrete as well as process manufacturing because it provides a number of opportunities to optimize operations, reduce downtime, increase efficiency, and support the use of data-driven decisions, all of which increase profit margins and lower costs with quick returns on IoT adoption. Additionally, the adoption of IoT in these advanced technologies is crucial, which is expected to accelerate market growth. Manufacturing industries are quickly leveraging digital manufacturing technologies.

[caption id="attachment_16119" align="aligncenter" width="1920"] IoT Connectivity Market | Exactitude Consultancy[/caption]

IoT Connectivity Market Players

The IoT Connectivity market key players include AT&T, Cisco, Verizon Enterprise Solutions, Vodafone, Ericsson, Sierra Wireless, Orange Business Services, Telefónica, Huawei, Telit, Hologram, Particle, Aeris, EMnify, Moeco and Sigfox.

   

Who Should Buy? Or Key Stakeholders

• IoT Connectivity Suppliers
• Raw Materials Manufacturers
• Research Organizations
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Others

IoT Connectivity Market Regional Analysis

The IoT Connectivity market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).

• North America: includes the US, Canada, Mexico
• Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
• Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
• South America: includes Brazil, Argentina and Rest of South America
• Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA

With a market share of over 32% in 2022, North America held the largest share and is anticipated to continue to dominate during the forecast period. This is a result of the area's early adoption and application of industrial IoT technology. Additionally, during the forecast period, the market growth is anticipated to be driven by strong government support for promoting digitalization across the industrial sector, an increase in the use of industrial IoT devices, and increasing adoption of cutting-edge technologies like cloud computing and AI.

The fastest CAGR of over 26% is anticipated for the Asia Pacific region during the forecast period. Advanced factory automation systems are becoming more and more popular throughout the region, particularly in China and Japan. The region's manufacturing sectors are beginning to understand the advantages of using robot arm technology. Important nations in the region are also making significant investments in industry 4.0 because they want to be self-sufficient in terms of manufacturing and production. The regional market for the industrial internet of things is then anticipated to grow as a result.

[caption id="attachment_16124" align="aligncenter" width="1920"] IoT Connectivity Market | Exactitude Consultancy[/caption]

Key Market Segments: IoT Connectivity Market

IoT Connectivity Market By Component Type, 2020-2029, (Usd Billion)

• Solution
• Services
• Platform

IoT Connectivity Market By End User Industry, 2020-2029, (USD Billion)

• Metal & Mining
• Chemical
• Manufacturing
• Energy & Power
• Oil & Gas
• Healthcare
• Logistics & Transport
• Agriculture
• Other

IoT Connectivity Market By Region, 2020-2029, (USD Billion)

• North America
• Asia Pacific
• Europe
• South America
• Middle East And Africa

Important Countries In All Regions Are Covered

Exactitude Consultancy Services Key Objectives:

• Increasing sales and market share
• Developing new technology
• Improving profitability
• Entering new markets
• Enhancing brand reputation

Key Question Answered

• What is the expected growth rate of the IoT Connectivity market over the next 7 years?
• Who are the major players in the IoT Connectivity market and what is their market share?
• What are the end-user industries driving demand for market and what is their outlook?
• What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
• How is the economic environment affecting the IoT Connectivity market, including factors such as interest rates, inflation, and exchange rates?
• What is the expected impact of government policies and regulations on the IoT Connectivity market?
• What is the current and forecasted size and growth rate of the global IoT Connectivity market?
• What are the key drivers of growth in the IoT Connectivity market?
• Who are the major players in the market and what is their market share?
• What are the distribution channels and supply chain dynamics in the IoT Connectivity market?
• What are the technological advancements and innovations in the IoT Connectivity market and their impact on product development and growth?
• What are the regulatory considerations and their impact on the market?
• What are the challenges faced by players in the IoT Connectivity market and how are they addressing these challenges?
• What are the opportunities for growth and expansion in the IoT Connectivity market?
• What are the service offerings and specifications of leading players in the market?

1. Introduction
   
   
   
   1. Market Definition
   
   
   2. Market Segmentation
   
   
   3. Research Timelines
   
   
   4. Assumptions and Limitations
   
   
   
   


2. Research Methodology
   
   
   
   1. Data Mining
      
      
      
      1. Secondary Research
      
      
      2. Primary Research
      
      
      3. Subject-Matter Experts’ Advice
      
      
      
      
   
   
   2. Quality Checks
      
      
      
      1. Final Review
      
      
      
      
   
   
   3. Data Triangulation
      
      
      
      1. Bottom-Up Approach
      
      
      2. Top-Down Approach
      
      
      3. Research Flow
      
      
      
      
   
   
   4. Data Sources
   
   
   
   


3. Executive Summary


4. Market Overview
   
   
   
   1. Global IoT Connectivity Outlook
      
      
      
      1. Market Drivers
      
      
      2. Market Restraints
      
      
      3. Market Opportunities
      
      
      
      
   
   
   2. Impact of Covid-19 on IoT Connectivity Market
   
   
   3. Porter’s five forces model
      
      
      
      1. Threat from new entrants
      
      
      2. Threat from substitutes
      
      
      3. Bargaining power of suppliers
      
      
      4. Bargaining power of customers
      
      
      5. Degree of competition
      
      
      
      
   
   
   4. Industry value chain Analysis
   
   
   
   


5. Global IoT Connectivity Market by Product type, 2020-2029
   
   
   
   1. Solution
   
   
   2. Services
   
   
   3. Platform
   
   
   
   


6. Global IoT Connectivity Market by End User Industry, 2020-2029
   
   
   
   1. Metal & Mining
   
   
   2. Chemical
   
   
   3. Manufacturing
   
   
   4. Energy & Power
   
   
   5. Oil & Gas
   
   
   6. Healthcare
   
   
   7. Logistics & Transport
   
   
   8. Agriculture
   
   
   9. Other
   
   
   
   


7. Global IoT Connectivity Market by Region
   
   
   
   1. North America
      
      
      
      1. US
      
      
      2. Canada
      
      
      3. Mexico
      
      
      
      
   
   
   2. South America
      
      
      
      1. Brazil
      
      
      2. Argentina
      
      
      3. Colombia
      
      
      4. Rest Of South America
      
      
      
      
   
   
   3. Europe
      
      
      
      1. Germany
      
      
      2. UK
      
      
      3. France
      
      
      4. Italy
      
      
      5. Spain
      
      
      6. Russia
      
      
      7. Rest Of Europe
      
      
      
      
   
   
   4. Asia Pacific
      
      
      
      1. India
      
      
      2. China
      
      
      3. Japan
      
      
      4. South Korea
      
      
      5. Australia
      
      
      6. South-East Asia
      
      
      7. Rest Of Asia Pacific
      
      
      
      
   
   
   5. Middle East and Africa
      
      
      
      1. UAE
      
      
      2. Saudi Arabia
      
      
      3. South Africa
      
      
      4. Rest Of Middle East and Africa
      
      
      
      
   
   
   
   

8. Company Profiles*

(Business Overview, Company Snapshot, Products Offered, Recent Developments)

1. The Dow Chemical Company


2. AT&T


3. Cisco


4. Verizon Enterprise Solutions


5. Vodafone


6. Ericsson


7. Sierra Wireless


8. Orange Business Services


9. Telefonica


10. Huawei


11. Telit


12. Hologram


13. Particle


14. Aeris


15. EMnify


16. Moeco


17. Sigfox

*The Company List Is Indicative

LIST OF TABLES

TABLE 1 GLOBAL IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 2 GLOBAL IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 3 GLOBAL IOT CONNECTIVITY MARKET BY REGION (USD BILLION), 2020-2029

TABLE 4 NORTH AMERICA IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 5 NORTH AMERICA IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 6 NORTH AMERICA IOT CONNECTIVITY MARKET BY COUNTRY (USD BILLION), 2020-2029

TABLE 7 US IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 8 US IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 9 CANADA IOT CONNECTIVITY MARKET BY COMPONENT TYPE (BILLION), 2020-2029

TABLE 10 CANADA IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 11 MEXICO IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 12 MEXICO IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 13 SOUTH AMERICA IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 14 SOUTH AMERICA IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 15 SOUTH AMERICA IOT CONNECTIVITY MARKET BY COUNTRY (USD BILLION), 2020-2029

TABLE 16 BRAZIL IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 17 BRAZIL IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 18 ARGENTINA IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 19 ARGENTINA IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 20 COLOMBIA IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 21 COLOMBIA IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 22 REST OF SOUTH AMERICA IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 23 REST OF SOUTH AMERICA IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 24 ASIA-PACIFIC IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 25 ASIA-PACIFIC IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 26 ASIA-PACIFIC IOT CONNECTIVITY MARKET BY COUNTRY (USD BILLION), 2020-2029

TABLE 27 INDIA IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 28 INDIA IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 29 CHINA IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 30 CHINA IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 31 JAPAN IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 32 JAPAN IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 33 SOUTH KOREA IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 34 SOUTH KOREA IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 35 AUSTRALIA IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 36 AUSTRALIA IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 37 SOUTH EAST ASIA IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 39 SOUTH EAST ASIA IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 40 REST OF ASIA PACIFIC IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 41 REST OF ASIA PACIFIC IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 42 EUROPE IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 43 EUROPE IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 44 EUROPE IOT CONNECTIVITY MARKET BY COUNTRY (USD BILLION), 2020-2029

TABLE 45 GERMANY IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 46 GERMANY IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 47 UK IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 48 UK IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 49 FRANCE IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 50 FRANCE IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 51 ITALY IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 52 ITALY IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 53 SPAIN IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 54 SPAIN IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 55 RUSSIA IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 56 RUSSIA IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 57 REST OF EUROPE IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 58 REST OF EUROPE IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 59 MIDDLE EAST AND AFRICA IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 60 MIDDLE EAST AND AFRICA IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 61 MIDDLE EAST AND AFRICA IOT CONNECTIVITY MARKET BY COUNTRY (USD BILLION), 2020-2029

TABLE 62 UAE IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 63 UAE IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 64 SAUDI ARABIA IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 65 SAUDI ARABIA IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 66 SOUTH AFRICA IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 67 SOUTH AFRICA IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

TABLE 68 REST OF MIDDLE EAST AND AFRICA IOT CONNECTIVITY MARKET BY COMPONENT TYPE (USD BILLION), 2020-2029

TABLE 69 REST OF MIDDLE EAST AND AFRICA IOT CONNECTIVITY MARKET BY END USER INDUSTRY (USD BILLION), 2020-2029

LIST OF FIGURES

FIGURE 1 MARKET DYNAMICS

FIGURE 2 MARKET SEGMENTATION

FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED

FIGURE 4 DATA TRIANGULATION

FIGURE 5 BOTTOM-UP APPROACH

FIGURE 6 TOP-DOWN APPROACH

FIGURE 7 RESEARCH FLOW

FIGURE 8 GLOBAL IOT CONNECTIVITY MARKET BY COMPONENT TYPE, USD BILLION, 2020-2029

FIGURE 9 GLOBAL IOT CONNECTIVITY MARKET BY END USER INDUSTRY, USD BILLION, 2020-2029

FIGURE 10 GLOBAL IOT CONNECTIVITY MARKET BY REGION, USD MILLION, 2020-2029

FIGURE 11 PORTER’S FIVE FORCES MODEL

FIGURE 12 IOT CONNECTIVITY MARKET BY REGION 2021

FIGURE 13 GLOBAL IOT CONNECTIVITY MARKET BY COMPONENT TYPE 2021

FIGURE 14 GLOBAL IOT CONNECTIVITY MARKET BY END USER INDUSTRY 2021

FIGURE 15 GLOBAL IOT CONNECTIVITY MARKET BY REGION 2021

FIGURE 16 MARKET SHARE ANALYSIS

FIGURE 17 AT&T: COMPANY SNAPSHOT

FIGURE 18 CISCO: COMPANY SNAPSHOT

FIGURE 19 VERIZON ENTERPRISE SOLUTIONS: COMPANY SNAPSHOT

FIGURE 20 VODAFONE: COMPANY SNAPSHOT

FIGURE 21 ERICSSON: COMPANY SNAPSHOT

FIGURE 22 SIERRA WIRELESS: COMPANY SNAPSHOT

FIGURE 23 ORANGE BUSINESS SERVICES: COMPANY SNAPSHOT

FIGURE 24 TELEFÓNICA: COMPANY SNAPSHOT

FIGURE 25 TELIT: COMPANY SNAPSHOT

FIGURE 26 HOLOGRAM: COMPANY SNAPSHOT

FIGURE 27 PARTICLE: COMPANY SNAPSHOT

FIGURE 28 AERIS: COMPANY SNAPSHOT

FIGURE 29 EMNIFY: COMPANY SNAPSHOT

FIGURE 30 MOECO: COMPANY SNAPSHOT

FIGURE 31 SIGFOX: COMPANY SNAPSHOT