According
to a research report "IoT
Connectivity Market by Component (Platform, Services), Organization Size,
Application Areas (Building &Home Automation, Smart Energy & Utility,
Smart Manufacturing, Connected Health, Smart Retail, Smart Transportation),
Region - Global Forecast to 2024", MarketsandMarkets expects the IoT Connectivity
market to grow from USD 3.8 billion in 2019 to USD 8.9 billion by 2024, at a
Compound Annual Growth Rate (CAGR) of 18.7% during the forecast period. Major
factors expected to drive the growth of the IoT connectivity market include an
increase in demand for connected devices; the need for reliable, secure, and
high-speed network connectivity; and ability to integrate the standalone and
non-standalone components of IoT ecosystem.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=94811752
Report Objectives
·
To define, describe, and
forecast the IoT connectivity market based on component (platform and
services), organization size (large enterprises, and SMEs), application areas,
and region.
·
To provide detailed
information related to the major factors, such as drivers, restraints,
opportunities, and challenges, influencing the growth of the market
·
To analyze the market
subsegments with respect to individual growth trends, prospects, and
contributions to the total market
·
To analyze the
opportunities in the market for stakeholders and provide the competitive
landscape of the market
Based on component, services segment to
record a higher growth rate than the platform segment during the forecast
period
Base on the component, the
services segment is expected to grow at a higher rate than the platform segment
during the forecast period. The services segment has a significant influence on
the IoT connectivity market growth. The demand for services is increasing with
the growing adoption of IoT connectivity by enterprises across major
application areas. These services assist end-users in reducing costs,
increasing overall revenues, and improving business performance. With the help
of these services, organizations can connect their edge devices effectively.
Among services, managed services segment to
register a higher growth rate than the professional services segment during the
forecast period
Among services, the managed services
segment is expected to witness a higher growth rate than the professional
services segment during the forecast period. Managed services help clients
manage their IoT connectivity operations from consultancy to deployment and
maintenance. The prime responsibility of the managed services providers is to
improve the efficiency of inbound and outbound operations cost-effectively for
enterprises.
Request a Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=94811752
APAC
market is expected to grow at the highest CAGR during the forecast period.
The
digital audio workstation market in Asia Pacific has gained momentum and is
expected to grow at the highest rate in this region during the forecast period.
Although digital audio workstations have witnessed increased adoption over the
past couple of years in the region, various companies in the region are yet to
take advantage of the increasing adoption. However, increasing awareness about
the real-time audio and video processing, supplemented with competently
designed digital audio workstation solutions offered by vendors present in this
region, has led Asia Pacific to emerge as a high-potential market. Countries,
including China, Japan, India, Singapore, and South Korea, have huge potential
for vendors to enhance their market share. The high rate of internet usage and
increased adoption of smartphones in the region facilitates companies to adopt
advanced solutions and forge strong connections with target audiences. In
addition, this region is witnessing an increasing demand for cloud-based
digital audio workstation solutions as a result of increasing internet
penetration.
Major
vendors offering digital audio workstations globally include Apple (US), Adobe
(US), Avid (US), Ableton (Germany), Steinberg (Germany), MOTU (US), Acoustica
(US), Presonus (US), Magix (Germany), Native Instruments (Germany), Cakewalk
(US), Image-Line (Germany), Bitwig (Germany), Renoise (Germany), and Harrison
Audio Consoles (US). The study includes an in-depth competitive analysis of the
key players in the market, along with their company profiles, recent
developments, and key market strategies.
About
MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth
niche opportunities/threats which will impact 70% to 80% of worldwide
companies’ revenues. Currently servicing 7500 customers worldwide including 80%
of global Fortune 1000 companies as clients. Almost 75,000 top officers across
eight industries worldwide approach MarketsandMarkets™ for their painpoints
around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking
global high growth markets following the "Growth Engagement Model –
GEM". The GEM aims at proactive collaboration with the clients to identify
new opportunities, identify most important customers, write "Attack, avoid
and defend" strategies, identify sources of incremental revenues for both
the company and its competitors. MarketsandMarkets™ now coming up with 1,500
MicroQuadrants (Positioning top players across leaders, emerging companies,
innovators, strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this
year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s flagship competitive intelligence and market research
platform, "Knowledge Store" connects over 200,000 markets and entire
value chains for deeper understanding of the unmet insights along with market
sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
No comments:
Post a Comment