Business news

IoT Connectivity Management Platform Market Report | 2032

According to a recent analysis by Future Market Insights (FMI), the adoption of the IoT connectivity management platform market is estimated to grow at a CAGR of 16.8% from 2022-to 2032.

According to the analysis, the market is estimated to reach a value of US$ 6.3 billion by the end of 2022. Organizations are turning to cloud-based solutions to boost their long-term efficiency and provide security, greater collaboration, and corporate data mobility. The necessity for high-frequency data access and sharing with cost-effective data storage solutions is driving the use of IoT cloud platforms in areas where on-site IoT architecture implementation is too expensive.

Organizations may also employ smart devices and sensors to collect and translate data into business insights more quickly and at a lesser cost thanks to the rising integration of IoT-powered technology. Connecting the cloud with IoT minimizes mistakes, improves visibility, provides scalability and cost, and speeds up the time to market, all of which are propelling the IoT connection platforms market forward.

The list of Key Players Covered in IoT Connectivity Management Platform Market are:

  • Cisco
  • Nokia
  • Truphone
  • Huawei
  • Ericsson
  • Comarch
  • KORE
  • Arm

Key Takeaways: 

  • During the projection period, the solution sector is expected to grow at a CAGR of 17.7% by component.
  • The SMEs sector of the market is expected to increase by 5.2X over the projected period.
  • During the projection period, the cloud-based IoT CMS segment is estimated to generate an absolute $ potential of US$ 16.8 billion.
  • Healthcare demand is expected to expand at a CAGR of 23.1 percent between 2022 and 2032, according to the industry.
  • During the projection period, the market in the United Kingdom is estimated to grow at a CAGR of roughly 19.5 percent.
  • Between 2022 and 2032, the IoT connection management platform market in Japan is predicted to increase by 6.9x.
  • China’s IoT connection management platform industry is predicted to be worth US$ 1.3 billion in absolute dollars.

Competitive Landscape 

Enterprises can track and control IoT assets with unified and intuitive connection management services, thanks to agreements between IoT connectivity management platform companies and other stakeholders. For example:

Ericsson, T-Mobile Austria, and Stanley Black & Decker cooperated in February 2020 to accelerate the global deployment of Stanley Black & Decker’s connected equipment and services.

“Rapid digitization is boosting the use of IoT devices across emerging economies, which is projected to bode well for the industry.” Furthermore, rising demand for workplace automation across various enterprises will drive market sales throughout the projection period, according to an FMI researcher.

Request Sample Report

Ankush Nikam

Ankush Nikam is a seasoned digital marketing professional, having worked for numerous online firms in his distinguished career. He believes in continuous learning, considering that the digital marketing sector’s rapidly evolving nature. Ankush is an avid music listener and loves to travel.

Share
Published by
Ankush Nikam

Recent Posts

USPS Tracking Number and How to Find Them? [Ultimate Guide]

USPS Tracking Number is a nine-digit number that is used to track the delivery status…

1 hour ago

The Complete Guide to Fingerprints Near You, Their Uses, and How to Find Them

Fingerprints are one of the most popular biometrics used in security systems today. Fingerprints can…

1 hour ago

UK Bad Credit Loans Review: Leading Credit Broker For Payday Loans In The UK

If you happen to have a few bumps in your credit history in the past,…

4 hours ago

Cryptocurrency: The 100 Best Crypto Leaders Across The World

As cryptocurrencies gain momentum, especially since the Bitcoin boom and the fall of great legacies…

7 hours ago

Why Klaviyo is better than Mailchimp for your webshop

Introduction You opened your webshop because you want to grow your business, but at the…

7 hours ago

Buying A House: 6 Tips To Protect Yourself In Case Of Builder’s Default

The recent fault in the real estate industry is builders who can’t complete the constructions…

8 hours ago