Lucintel Blog: Lucintel Forecasts IoT Connectivity Market to Grow at a CAGR of 18% to 20% from 2021 to 2026

Tuesday, February 8, 2022

Lucintel Forecasts IoT Connectivity Market to Grow at a CAGR of 18% to 20% from 2021 to 2026

According to the recent study the IoT Connectivity Market is projected to grow at a CAGR of 18% to 20% from 2021 to 2026. Growth in this market is primarily driven by secure & high speed connectivity; need to integrate components of the IoT ecosystem, increasing demand of IoT in telecommunication sector.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in IoT connectivity market by component (platform, services), organization size (small & medium and large), application (building &home automation, smart energy & utility, smart manufacturing, connected health, smart retail, and smart transportation), and end use industry (BFSI, healthcare, defense& aerospace, IT & telecommunication, retail & E-commerce, manufacturing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/iot-connectivity-market.aspx

“Platform market is expected to remain the largest segment during the forecast period.”

Based on component, the IoT connectivity market is segmented into platform, services. Lucintel forecasts that the platform market is expected to remain the largest segment 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.

“North America will dominate the IoT connectivity market in near future.”

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.

Download Brochure of this report by clicking on https://www.lucintel.com/iot-connectivity-market.aspx

Major players of IoT connectivity market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. 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 providers.

This unique 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 click on this link https://www.lucintel.com/iot-connectivity-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
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