IoT connectivity management platform is a suite of software components that enables connection and information exchange between IoT devices and IoT applications. IoT connectivity management platform is the management of data availability, usability, relevancy, integrity and security in an enterprise.
IoT connectivity management platform is designed for address consolidation challenges related with operating and managing large IoT devices. IoT connectivity management platform can be utilized to provide managed connectivity in multi-level, multi-national, and multi-operator environments.
IoT connectivity management platform facilitates the implementation of IoT service provider business strategies. Further, some of the players such as Aeris & Twilio, have been consistent with its more conservative approach to product development, which enables customers to integrate newer technologies in an evolutionary manner.
This strategy also helps the company enhance its customer base and product offerings. For instance, October 2020, Twilio launched Microvisor, an IoT connectivity and device management platform that offers embedded developers a one stop shop for building connected devices, keeping them secure, and managing them through their lifetime.
Impact of COVID-19 Pandemic Outbreak on IoT Connectivity Management Platform Market
During the COVID-19 crisis, remote working brings productivity challenges and new security risks. As Covid-19 has led to an increasing customer need for more transparency and visibility of operations, smart connected products will play an important role during the forecast period.
For Instance, East Asia accounted for 42% of the total installed connected devices in 2019, which is estimated to increase for remote monitoring of the infrastructure during times of such pandemic. Business is increasingly adopting IoT connectivity management platform to gain better control over IoT equipment & service.
Amid the COVID-19 pandemic, the healthcare industry has quickly render solutions for combatting the increasing demand for a high-quality solution for protection against the COVID-19 virus. Moreover, the growth of the Internet of Things (IoT) connectivity management platform will be profoundly impacted in different application, such as Machine-to-Machine (M2M) communication, Vehicle-to-Vehicle (V2V) communication, and among others.
IoT Connectivity Management Platform Market: Drivers and Challenges
The major factor which is driving the IoT connectivity management platform market is the increasing demand for industrial IoT and connected devices. Continuous developments and implementation of IoT connectivity management platform in a secure and effective manner that increase efficiency of business processes across the globe, is creating opportunities for growth for the IoT connectivity management platform market.
The rising need for secure, reliable, and high-speed network connectivity, wireless technologies, and modernization of data warehouse structure are the several key elements contributing to the growth of the IoT connectivity management platform market.
IoT connectivity management platform offers various benefits such as one stop shop solution for M2M/IoT connectivity, shorten time to market for IoT services, and communicate more efficiently with customers & business partners. Such benefits drives the IoT connectivity management platform market during the forecast period.
However, the data and privacy issues and integration of data from data silos are also some of the factors which hampers the growth of IoT connectivity management platform market. Also, uncertainty about government compliance requirements for IoT devices, among other factors, are anticipated to restrict the growth of the IoT connectivity management platform market over the forecast period.
IoT Connectivity Management Platform Market: Competition Landscape
Some of the prominent players providing IoT connectivity management platform are
- AT&T Mobility LLC
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd.
- Aeris, Avnet, Inc.
IoT Connectivity Management Platform Market: Regional overview
By geography, the IoT connectivity management platform market has been segmented into North America, Europe, Latin America, East Asia, South Asia & Pacific, and MEA. Among these regions, North America region is expected to dominate the global market for IoT connectivity management platform due to the high presence of IoT connectivity management platform providers in this region followed by Europe.
East Asia and South Asia & Pacific are expected to witness double-digit growth, in terms of revenue, in the global IoT connectivity management platform market, due to the increasing digitalization in large organizations, in this regions.
The IoT connectivity management platform market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The IoT connectivity management platform market report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on:
- IoT Connectivity Management Platform Market Segments
- IoT Connectivity Management Platform Market Dynamics
- IoT Connectivity Management Platform Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Technology Landscape
- Value Chain of the Market
- IoT Connectivity Management Platform Market Drivers and Restraints
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Russia, Rest of Europe)
- East Asia (China, South Korea, Japan)
- South Asia & Pacific (India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific )
- Middle East and Africa (GCC Countries, Turkey, South Africa, Rest of MEA)
- Detailed overview of parent IoT connectivity management platform market
- Changing IoT connectivity management platform market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected IoT connectivity management platform market size in terms of value
- Recent industry trends and developments
- Competitive landscape of IoT connectivity management platform market
- Strategies of key players and solution offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
IoT Connectivity Management Platform Market: Segmentation
The IoT connectivity management platform market has been segmented on the basis of component, deployment, verticals and region.
On the basis of component :
- IoT Connectivity Management Platform
- Professional Services
- System Integration and Deployment
- Support & Maintenance
- Managed Services
- Professional Services
On the basis of deployment :
On the basis of verticals :
- Banking, Financial Services, and Insurance (BFSI)
- Consumer Goods and Retail
- Telecommunication & IT
- Aerospace and Defense
- Energy and Utilities
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