IoT Connectivity Market size worth $ 693.26 Billion, Globally, by 2028 at 20.33% CAGR

Verified Market Research - Seite 2

In contrast, the data security and cyberattack concerns at the connectivity layer hamper the growth of the Internet of Things (IoT) connectivity market. In addition, the open-source IoT platform offers a competitive advantage over traditional connectivity platform providers. This will provide further growth opportunities for the Internet of Things (IoT) Connectivity Market over the next few years. However, high bandwidth and energy usage could further challenge the growth of the Internet of Things (IoT) connectivity to increase the market growth.

Key Developments

• On August 2021, IBM announced the expansion of the capabilities of the 5G industry 4.0 testbed at IBM's Industry Solution Lab in Coppell, Texas, with the help of collaboration with Verizon to let enterprise customers at the lab test and develop inventions in 5G-enabled use cases for Industry 4.0 applications.
• On September 2021, Cisco continued its agreement by signing a new five-year SaaS agreement with Telstra to offer business added insights and visibility to monetize IoT, allowing Telstra to grow new revenue streams and advance its business plans.

Key Players

The major players in the market are AT&T, Cisco, Verizon, Vodafone, Ericsson, Sierra Wireless, Orange Business Services, Telefónica, Telit.

Verified Market Research has segmented the Global IoT Connectivity Market On the basis of Product, Application, and Geography.

• IoT Connectivity Market, By Product
• Data Management
• Remote Monitoring
• Real-time Flow Analysis
• Others
• IoT Connectivity Market, By Application
• Smart Manufacturing
• Connected Health
• Smart Retail
• Others
• IoT Connectivity Market, by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

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