Increasing demand for streamlined asset and inventory management is a key factor driving revenue growth of IoT connectivity market
— Emergence Research
VANCOUVER, BC, CANADA, Sept. 20, 2022 /EINPresswire.com/ — The global Internet of Things (IoT) connectivity market size will reach US$5.91 billion in 2022, so it is expected to grow at a significantly rapid rate during the forecast period -CAGR recorded according to the latest analysis from Emergen Research. Increasing demand for high-performance computing devices to reduce device downtime is one of the major factors which are expected to further drive the revenue growth of the market.
Furthermore, the Internet of Things Connectivity Market Report provides an impartial, objective assessment and analysis of the prospects in the Internet of Things Connectivity market with a systematic market study report that includes several other factors important to the market. This qualified industry analyst evaluates costs, market shares, growth opportunities, technologies, market size, supply chains, applications, export and import, companies, etc. with the sole aim of helping our clients make informed business decisions.
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Internet of Things Connectivity Market report gives a serious point of view, covering worldwide market updates, future developments, business opportunities, upcoming turns and future ventures. Also, the report perceives the top companies along with their advertising system, organization profile, latest developments, business strategies, item portfolios, market techniques, sales value, volume, limit and cost structure. The global Internet of Things Connectivity Market has been growing at a healthy growth rate over the years and is expected to continue increasing during the forecast period.
The key players profiled in the report are:
Huawei Technologies Co., Ltd., Cisco Systems, Inc., AT&T Intellectual Property, Telefónica, Telefonaktiebolaget LM Ericsson, Vodafone Group Plc., Verizon, Orange Business Services, Sierra Wireless and Hologram Inc.
In addition, the report provides a comprehensive overview of the Internet of Things Connectivity market, as well as the product portfolio and market performance. The report provides key insights into market shares, supply chain analysis, demand and supply ratios, import/export details, and product and consumption patterns. For better understanding, the report is further divided into sections, e.g. B. Types of products offered by the market, range of applications, companies and major geographic regions where the market has established its presence.
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Emergen Research has segmented the global IoT connectivity market based on component, application, deployment type, end use, and region:
Components Outlook (Revenue, $Bn; 2019-2030)
Bid Outlook (Revenue, $Bn; 2019-2030)
Building and home automation
Smart energy and utility
Deployment Type Outlook (Revenue, $Bn; 2019-2030)
End Use Outlook (Revenue, $Bn; 2019-2030)
Education & Healthcare
Defense & Aerospace
Information Technology & Telecommunications
Retail & Ecommerce
The analysis of the segments and their growth forecast is done through a comprehensive historical and current analysis of the market scenario. Additionally, the report provides details about the factors and characteristics of Internet of Things Connectivity Market which are expected to fuel the growth of the industry in the coming years.
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Ethernet is a network protocol that connects wired local area networks (LANs) and allows devices to communicate with each other. Ethernet can also be used to control data transmission over a LAN. For example, it determines how network devices transmit and format data packets so they can be received, processed, and recognized by other network devices on the same network segment. Users must physically connect the devices, such as routers and computers, with cables. It is the ideal option for high-speed data download and upload. In addition, using Ethernet cabling eliminates problems with signal fading. In robotics, medicine, and autonomous vehicles, Ethernet serves as an essential part of video transmission due to its ability to deliver high bandwidth and low latency requirements.
IoT technology has a wide range of applications, from capturing biometric data via wearable devices to controlling connected devices via communication networks and cloud technologies. These devices are assigned unique Internet Protocol (IP) addresses that allow them to communicate and exchange data with other devices and machines. However, as the number of networked devices increases, so do the requirements for data security and data protection. The increased vulnerability is due to a lack of computing power for built-in security. Devices infected with malware are also commonly used in Denial of Service (DDoS) attacks. Hijacked devices can also be used as an attack base to infect more computers and hide malicious activity, or as an entry point into a corporate network for lateral movement.
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The global IoT connectivity market is anticipated to register a CAGR of 24.1% during the forecast period, and revenue is projected to grow from US$5.91 billion in 2022 to US$32.31 billion in 2030. Increasing investment in high-end technologies to streamline business operations is one of the major factors driving the revenue growth of the market.
Key questions answered in the report:
What is the growth rate of the Internet of Things Connectivity market? What is the forecast market valuation of the Internet of Things Connectivity industry by 2030?
What are the key driving and restraining factors driving and restraining factors of Internet of Things Connectivity market growth?
Who are the prominent players in the market? What key strategies are these companies pursuing?
What are the key opportunities and growth prospects of the IoT connectivity industry during the forecast period?
In which region is significant growth expected in the coming years?
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IoT connectivity market size worth $32.31 billion in 2030