IoT Connectivity Market by Component (Platform, Services), Organization Size, Application Areas (Building &Home Automation, Smart Energy & Utility, Smart Manufacturing, Connected Health, Smart Retail, Smart Transportation), Region - Global Forecast to 2024

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Date: 22-Jul-2019
No. of pages: 118
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The proliferation of connected devices to drive the IoT connectivity market

MarketsandMarkets expects the IoT Connectivity market to grow from USD 3.8 billion in 2019 to USD 8.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 18.7% from 2019 to 2024.Organizations are adopting advanced technologies, such as the IoT and cloud services, achieving successful digital transformation. IoT generates a substantial amount of data that needs to be deposited, managed, and analyzed efficiently. The increasing computational power of IoT devices aids in carrying out multiple functions in real time at a faster rate. The insights obtained after data analysis are used to drive actionable steps that can improve business. Hence, the adoption rate of IoT devices is increasing across the globe.

By component, platform segment to account for a higher market share during the forecast period

Based on component, the platform segment is expected to hold a higher market share than the services segment during the forecast period. The IoT connectivity platform acts as a 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. Majority of the IoT connectivity platform providers offer an access-agnostic, open, flexible, and secure connection management platform.

By services, managed services segment to hold a larger market size during the forecast period

Among services, the managed services segment is expected to witness a higher growth rate than the professional services segment during the forecast period. Managed services help clients manage their IoT connectivity operations from consultancy to deployment and maintenance. The prime responsibility of the managed services providers is to improve the efficiency of inbound and outbound operations cost-effectively for enterprises.

Among regions, Asia Pacific (APAC) to grow at the highest CAGR during the forecast period

The market in APAC is projected to grow at the highest CAGR during the forecast period, due to the massive potential for the applications of IoT in sectors such as manufacturing, automotive, and building automation. The adoption of the IoT-based devices is increasing at a swift pace in APAC owing to the digital initiatives by various governments. The presence of growing economies such as China and India, which are rapidly implementing latest technologies is also expected to contribute to the growth of the IoT connectivity market in the region.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the IoT connectivity market.

The breakup of the profiles of the primary participants is given below:


  • By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%

  • By Designation: C-Level – 40%, Director Level – 25%, Managers–25%, Others – 10%

  • By Region: North America – 45%, Europe – 25%, Asia Pacific– 20%, RoW – 10%


The following key IoT connectivity vendors are profiled in the report:


  • AT&T (US)

  • Cisco (US)

  • Verizon (US)

  • Vodafone (UK)

  • Ericsson (Sweden)

  • Sierra Wireless (Canada)

  • Orange (France)

  • Telefónica (Spain)

  • Huawei (China)

  • Telit (Italy)

  • Hologram (US)

  • Particle (US)

  • Aeris (US)

  • Sigfox (France)

  • EMnify (Germany)

  • Moeco (US)


Research Coverage

IoT connectivity market is segmented by component (platform and services), organization size (large enterprises and SMEs), application areas, and region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; services; key strategies; new service launches; partnerships, agreements, and collaborations; business expansions; and competitive landscape associated with the IoT connectivity market.

Reasons to Buy the Report

The report would help the market leaders/new entrants in the following ways:


  • It comprehensively segments the IoT connectivity market and provides the closest approximations of the revenue numbers for the overall market and its sub segments across different regions.

  • It would help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities.

  • It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes competitor ecosystem, new service developments, partnerships, and acquisitions.

IoT Connectivity Market by Component (Platform, Services), Organization Size, Application Areas (Building &Home Automation, Smart Energy & Utility, Smart Manufacturing, Connected Health, Smart Retail, Smart Transportation), Region - Global Forecast to 2024

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Market Forecast
2.5 Competitive Leadership Mapping Research Methodology
2.6 Research Assumptions and Limitations
2.6.1 Assumptions for the Study
2.6.2 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Iot Connectivity Market
4.2 Iot Connectivity Market in Asia Pacific,  By Component and Country
4.3 Market: Major Countries

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Proliferation of Connected Devices
5.2.1.2 Need for Reliable, Secure, and High-Speed Network Connectivity
5.2.1.3 Need for Integrating the Standalone and Non-Standalone Components of Iot Ecosystem
5.2.2 Opportunities
5.2.2.1 Open-Source Iot Platforms Providing A Competitive Advantage Over Traditional Connectivity Platform Providers
5.2.2.2 Telcos to Move Up the Iot Value Chain
5.2.2.3 Integration of Blockchain With Iot
5.2.3 Challenges
5.2.3.1 Data Security Concerns and Cyberattacks on Connectivity Layer
5.2.3.2 Government Regulations Varying From Country to Country
5.2.3.3 High Bandwidth and Energy Consumption
5.3 Regulatory Implications
5.3.1 Iso Standards
5.3.2 Iso/Iec Jtc 1
5.3.2.1 Iso/Iec Jtc 1/Swg 5
5.3.2.2 Iso/Iec Jtc 1/Sc 31
5.3.2.3 Iso/Iec Jtc 1/Sc 27
5.3.2.4 Iso/Iec Jtc 1/Wg 7 Sensors
5.3.3 Ieee
5.3.4 Cen/Iso
5.3.5 Cen/Cenelec
5.3.6 Etsi
5.3.7 Itu-T
5.4 Use Cases
5.4.1 Use Case 1: Cisco Jasper Enabling Vivint to Increase Revenues By Adding New Services
5.4.2 Use Case 2: Grundfos Driving Innovation in Water Technology With the Help of Ericsson’s Iot Connectivity Management
5.4.3 Use Case 3: Telit's Asset Tracking and Inventory Management Solutions Helping Restaurant Technologies to Troubleshoot Remotely and Update Telemetry Devices
5.4.4 Use Case 4: Sierra Wireless Iot Enabling Predictive Maintenance to Support Veolia's Premium Service Offering
5.4.5 Use Case 5: Arm’s Pelion Connectivity Management Enabling UK Smart Meter Systems to Deploy, Own, and Manage Smart Metering Assets Throughout the Country

6 Iot Connectivity Market, By Component
6.1 Introduction
6.2 Platform
6.2.1 Rising Need for Network Management Through A Single Platform to Drive the Deployment of Iot Connectivity Platform
6.3 Services
6.3.1 Professional Services
6.3.1.1 Consulting
6.3.1.1.1 Demand for Consulting Services on the Rise to Solve Iot Connectivity Challenges
6.3.1.2 Implementation
6.3.1.2.1 Demand for Implementation Services to Grow to Solve Interoperability Issues
6.3.1.3 Support and Maintenance
6.3.1.3.1 Growing Demand for Support and Maintenance Services in the Matured Regions
6.3.2 Managed Services
6.3.2.1 Need for End-To-End Connectivity Management to Drive the Demand for Managed Services

7 Iot Connectivity Market Size, By Organization Size
7.1 Introduction
7.2 Large Enterprises
7.2.1 Increasing Number of Connected Devices Across Large Enterprises to Drive the Iot Connectivity Market
7.3 Small and Medium-Sized Enterprises
7.3.1 Tailor-Made Approach From Vendors to Drive Small and Medium-Sized Enterprises Toward the Adoption of Iot Connectivity Platforms

8 Iot Connectivity Market Size, By Application Area
8.1 Introduction
8.2 Smart Retail
8.2.1 Increasing Focus to Provide Seamless Customer Experience to Drive the Need for A Unified Iot Connectivity Platform in Smart Retail
8.3 Smart Manufacturing
8.3.1 Industry 4.0 to Drive the Adoption of Iot Connectivity Platforms
8.4 Connected Health
8.4.1 Iot Connectivity Platform to Enable Seamless Remote Patient Monitoring for Healthcare Providers
8.5 Building and Home Automation
8.5.1 Iot Connectivity is Pervasive for Effective Building Automation
8.6 Smart Transportation
8.6.1 Robust Iot Connectivity Management to Offer Seamless Information Flow to Commuters
8.7 Smart Grid and Utilities
8.7.1 Smart Meter and Smart Grid Initiatives to Drive the Demand for Iot Network Connectivity
8.8 Others

9 Iot Connectivity Market, By Region
9.1 Introduction
9.2 North America
9.2.1 United States
9.2.1.1 Early Adoption of the Latest Connectivity Technologies to Drive the Adoption of Iot Connectivity Platform in the Us
9.2.2 Canada
9.2.2.1 Smart Grid Initiatives By the Government to Drive the Iot Connectivity Market Growth in Canada
9.3 Europe
9.3.1 United Kingdom
9.3.1.1 UK Digital Strategy to Boost the Adoption of Iot Connectivity Platform in the UK
9.3.2 Germany
9.3.2.1 Industrie 4.0 to Boost the Demand for Iot Connectivity in Germany
9.3.3 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.1.1 Complementary Government Initiatives to Drive the Demand for Iot Connectivity Management in China
9.4.2 Japan
9.4.2.1 Government and Enterprises’ Initiatives to Drive the Iot Connectivity Market in Japan
9.4.3 Rest of Asia Pacific
9.5 Latin America
9.5.1 Brazil
9.5.1.1 Brazilian Government Initiatives to Drive the Growth of the Iot Connectivity Market in Brazil
9.5.2 Mexico
9.5.2.1 Smart Grid and Industry 4.0 Implementation Plans to Drive the Demand for Iot Connectivity in Mexico
9.5.3 Rest of Latin America
9.6 Middle East and Africa
9.6.1 Saudi Arabia
9.6.1.1 Saudi Vision 2030 to Fuel the Adoption of Iot Connectivity Solutions in Saudi Arabia
9.6.2 United Arab Emirates
9.6.2.1 Dubai Iot Strategy to Drive the Adoption of Iot Connectivity Solutions Across Uae
9.6.3 Rest of Middle East and Africa

10 Competitive Landscape
10.1 Competitive Leadership Mapping
10.1.1 Visionary Leaders
10.1.2 Innovators
10.1.3 Dynamic Differentiators
10.1.4 Emerging Companies
10.2 Strength of Product Portfolio
10.3 Business Strategy Excellence
10.4 Ranking of Key Players for the Iot Connectivity Market, 2019

11 Company Profiles
11.1 Cisco Jasper
11.1.1 Business Overview
11.1.2 Products and Services Offered
11.1.3 Recent Developments
11.1.4 MnM View
11.2 Huawei
11.2.1 Business Overview
11.2.2 Platforms Offered
11.2.3 Recent Developments
11.2.4 MnM View
11.3 AT&T
11.3.1 Business Overview
11.3.2 Platforms Offered
11.3.3 Recent Developments
11.3.4 MnM View
11.4 Telefónica
11.4.1 Business Overview
11.4.2 Products Offered
11.4.3 Recent Developments
11.4.4 MnM View
11.5 Ericsson
11.5.1 Business Overview
11.5.2 Platforms Offered
11.5.3 Recent Developments
11.5.4 MnM View
11.6 Vodafone
11.6.1 Business Overview
11.6.2 Solutions Offered
11.6.3 Recent Developments
11.7 Sierra Wireless
11.7.1 Business Overview
11.7.2 Platforms Offered
11.7.3 Recent Developments
11.8 Orange Business Services
11.8.1 Business Overview
11.8.2 Products Offered
11.8.3 Recent Developments
11.9 Verizon Enterprise Solutions
11.9.1 Business Overview
11.9.2 Services Offered
11.9.3 Recent Developments
11.10 Telit
11.10.1 Business Overview
11.10.2 Products Offered
11.10.3 Recent Developments
11.11 Hologram
11.12 Particle
11.13 Aeris
11.14 Sigfox
11.15 Emnify
11.16 Moeco

12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets’  Subscription Portal
12.3 Available Customization
12.4 Related Reports
12.5 Author Details

List of Tables

Table 1 United States Dollar Exchange Rate, 2016–2018
Table 2 Factor Analysis
Table 3 Iot Connectivity Market Size, By Component, 2017–2024 (USD Million)
Table 4 Platform: Market Size, By Region, 2017–2024 (USD Million)
Table 5 Services: Market Size, By Type, 2017–2024 (USD Million)
Table 6 Services: Market Size, By Region, 2017–2024 (USD Million)
Table 7 Professional Services Market Size, By Type, 2017–2024 (USD Million)
Table 8 Consulting Market Size, By Region, 2017–2024 (USD Million)
Table 9 Implementation Market Size, By Region, 2017–2024 (USD Million)
Table 10 Support and Maintenance Market Size, By Region, 2017–2024 (USD Million)
Table 11 Managed Services Market Size, By Region, 2017–2024 (USD Million)
Table 12 Iot Connectivity Market Size, By Organization Size, 2017–2024 (USD Million)
Table 13 Large Enterprises: Market Size, By Region, 2017–2024 (USD Million)
Table 14 Small and Medium-Sized Enterprises: Iot Connectivity Market Size, By Region, 2017–2024 (USD Million)
Table 15 Iot Connectivity Market Size, By Application Area, 2017–2024 (USD Million)
Table 16 Smart Retail: Market Size, By Region, 2017–2024 (USD Million)
Table 17 Smart Manufacturing: Market Size, By Region, 2017–2024 (USD Million)
Table 18 Connected Health: Market Size, By Region, 2017–2024 (USD Million)
Table 19 Building and Home Automation: Iot Connectivity Market Size, By Region, 2017–2024 (USD Million)
Table 20 Smart Transportation: Iot Connectivity Market Size, By Region, 2017–2024 (USD Million)
Table 21 Smart Grid and Utilities: Market Size, By Region, 2017–2024 (USD Million)
Table 22 Others: Iot Connectivity Market Size, By Region, 2017–2024 (USD Million)
Table 23 Market Size, By Region, 2017–2024 (USD Million)
Table 24 North America: Iot Connectivity Market Size, By Component, 2017–2024 (USD Million)
Table 25 North America: Market Size, By Service, 2017–2024 (USD Million)
Table 26 North America: Market Size, By Professional Service, 2017–2024 (USD Million)
Table 27 North America: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 28 North America: Market Size, By Application Area, 2017–2024 (USD Million)
Table 29 North America: Market Size, By Country, 2017–2024 (USD Million)
Table 30 Europe: Iot Connectivity Market Size, By Component, 2017–2024 (USD Million)
Table 31 Europe: Market Size, By Service, 2017–2024 (USD Million)
Table 32 Europe: Market Size, By Professional Service, 2017–2024 (USD Million)
Table 33 Europe: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 34 Europe: Market Size, By Application Area, 2017–2024 (USD Million)
Table 35 Europe: Market Size, By Country, 2017–2024 (USD Million)
Table 36 Asia Pacific: Iot Connectivity Market Size, By Component, 2017–2024 (USD Million)
Table 37 Asia Pacific: Market Size, By Service, 2017–2024 (USD Million)
Table 38 Asia Pacific: Market Size, By Professional Service, 2017–2024 (USD Million)
Table 39 Asia Pacific: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 40 Asia Pacific: Market Size, By Application Area, 2017–2024 (USD Million)
Table 41 Asia Pacific: Market Size, By Country, 2017–2024 (USD Million)
Table 42 Latin America: Iot Connectivity Market Size, By Component, 2017–2024 (USD Million)
Table 43 Latin America: Market Size, By Service, 2017–2024 (USD Million)
Table 44 Latin America: Market Size, By Professional Service, 2017–2024 (USD Million)
Table 45 Latin America: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 46 Latin America: Market Size, By Application Area, 2017–2024 (USD Million)
Table 47 Latin America: Market Size, By Country, 2017–2024 (USD Million)
Table 48 Middle East and Africa: Iot Connectivity Market Size, By Component, 2017–2024 (USD Million)
Table 49 Middle East and Africa: Market Size, By Service, 2017–2024 (USD Million)
Table 50 Middle East and Africa: Market Size, By Professional Service, 2017–2024 (USD Million)
Table 51 Middle East and Africa: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 52 Middle East and Africa: Market Size, By Application Area, 2017–2024 (USD Million)
Table 53 Middle East and Africa: Market Size, By Country, 2017–2024 (USD Million)

List of Figures

Figure 1 Iot Connectivity Market: Research Design
Figure 2 Iot Connectivity Market: Top-Down and Bottom-Up Approaches
Figure 3 Microquadrant: Criteria Weightage
Figure 4 Iot Connectivity Market Size, 2017–2024
Figure 5 Platform Segment to Hold A Larger Market Size During the Forecast Period
Figure 6 Large Enterprises to Account for A Higher Market Share in 2019
Figure 7 Smart Transportation Application Area to Hold the Largest Market Size During the Forecast Period
Figure 8 Iot Connectivity Market: Regional Snapshot
Figure 9 Increase in the Number of Connected Devices to Drive the Market Growth
Figure 10 Platform Segment and China to Dominate the APAC Iot Connectivty Market in 2019
Figure 11 Japan to Register the Highest Cagr During the Forecast Period
Figure 12 Drivers, Restraints, Opportunities, and Challenges: Iot Connectivity Market
Figure 13 Platform Segment to Hold A Larger Market Size During the Forecast Period
Figure 14 Large Enterprises Segment to Account for A Larger Market Size During the Forecast Period
Figure 15 Smart Transportation Segment to Account for the Largest Market Size During the Forecast Period
Figure 16 North America to Hold the Largest Market Size During the Forecast Period
Figure 17 Asia Pacific to Grow at the Highest Cagr During the Forecast Period
Figure 18 North America: Market Snapshot
Figure 19 Asia Pacific: Market Snapshot
Figure 20 Iot Connectivity Market (Global) Competitive Leadership Mapping
Figure 21 Ranking of Key Players, 2019
Figure 22 Cisco: Company Snapshot
Figure 23 Huawei: Company Snapshot
Figure 24 AT&T: Company Snapshot
Figure 25 Telefónica: Company Snapshot
Figure 26 Ericsson: Company Snapshot
Figure 27 Vodafone: Company Snapshot
Figure 28 Sierra Wireless: Company Snapshot
Figure 29 Orange: Company Snapshot
Figure 30 Verizon: Company Snapshot
Figure 31 Telit: Company Snapshot

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