IoT Connectivity Management Platform Global Market Report 2023 : Market Size, Trends, And Global Forecast 2023-2032
The Business Research Company’s IoT Connectivity Management Platform Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
— The Business Research Company
LONDON, GREATER LONDON, UK, November 17, 2023 /EINPresswire.com/ — The global IoT connectivity management platform market is anticipated to expand from $6.85 billion in 2022 to $8.08 billion in 2023, registering a compound annual growth rate (CAGR) of 18.0%. Furthermore, the market size is projected to reach $15.49 billion by 2027, driven by the escalating deployment of IoT devices across various industries.
Key Factors Fueling Market Growth
The rapid proliferation of IoT devices within enterprises is a significant driver of the IoT connectivity management platform market. As more and more IoT devices become integral to business operations, the need for a robust and comprehensive platform for data management, communication, and network monitoring becomes imperative. The IoT Connectivity Management Platform facilitates seamless integration and management of numerous devices, ensuring efficient data transmission, application management, and enhanced security. Industry experts predict that the global number of cellular IoT devices is set to exceed 3.5 billion by 2023, highlighting the significant role of IoT devices in driving market growth.
Exploring the Landscape of IoT Connectivity Management Platform Market
Gain comprehensive insights into the market dynamics and emerging trends by exploring the sample report on the IoT connectivity management platform market:
The market is segmented based on product type, component, deployment type, enterprise size, and application of IoT connectivity management platforms. Key players such as Cisco Systems Inc., Nokia Corporation, and Vodafone Idea Limited are actively contributing to the market’s expansion through the adoption of technological advancements. These advancements, such as cloud-based IoT solutions like the Aeris Cloud Connect, are designed to streamline data management and facilitate secure and efficient data transfer between IoT devices and cloud instances.
• By Product Type: Cellular, Non-Cellular
• By Component: Solution, Services
• By Deployment Type: Cloud, On-Premises
• By Enterprise Size: Small and Medium-sized Enterprises (SMEs), Large Enterprises
• By Application: Automotive, Consumer Electronics, Retail, Energy and Utilities, Finance and Banking, Healthcare, Manufacturing, Other Applications
Geographical Insights: Asia-Pacific Leads, Promising Growth Across Regions
Asia-Pacific currently holds the largest share in the IoT connectivity management platform market and is expected to witness the highest growth during the forecast period.
For a detailed analysis of regional trends and market dynamics, refer to the complete report:
IoT Connectivity Management Platform Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The IoT Connectivity Management Platform Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on IoT connectivity management platform market size, IoT connectivity management platform market drivers and trends, IoT connectivity management platform market major players, IoT connectivity management platform market competitors’ revenues, IoT connectivity management platform market positioning, and market growth across geographies. The IoT connectivity management platform market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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Article originally published on www.einpresswire.com as The Global IoT Connectivity Management Platform Market to Reach $15.49 Billion by 2027