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Massive IoT Market Overview
The market for Massive IoT is forecast
to reach $121.4 billion by 2026, growing at a CAGR of 7.1% from 2021 to 2026.
The Massive IoT Market is estimated to witness substantial growth over the
forecast period primarily due to the growing demand for large scale Automation and machine intelligence.
The rising adoption of IoT technology across various industry verticals such
as manufacturing, automotive, and healthcare, is driving the market’s growth for bandwidth sensor technologies.
With the traditional manufacturing sector amid a digital transformation, the
IoT is triggering the next industrial revolution of intelligent connectivity and communication protocols.
With the development of wireless networking technologies, especially low power networks, and the emergence of
advanced data analytics, a reduction in the cost of connected devices adn indoor asset tracking, are some
of the major factors driving the market. The adoption of cloud computing and
cloud platform is another factor boosting the market growth during the forecast
period 2021-2026.
Report Coverage
The
report: “Massive IOT Market– Forecast
(2021-2026)”, by Industry ARC covers an in-depth analysis of the following
segments of the Massive IOT Market.
By Platform – Device
Management, Application Management, Network Management, Cloud Platform and Others.
By Connectivity – Wireless, Field.
By Component – Hardware (Transmitters,
Memory, Processors,Other), Software, Services.
By End User – Manufacturing, Transportation, Healthcare, Retail,
Energy and Utilities, Residential, Other.
By Geography - North America (U.S, Canada, Mexico), South
America(Brazil, Argentina and others), Europe (Germany, UK, France, Italy,
Spain, Russia and Others), APAC(China, Japan India, South Korea, and Others),
and RoW (Middle east and Africa).
Key Takeaways
- The Massive IoT Market is estimated to witness substantial growth over the forecast period primarily due to the growing demand for large scale Automation. The rising adoption of IoT technology across various industry verticals, such as manufacturing, automotive, and healthcare, is driving the market’s growth.
- North America is holding a strong grip in the market, due to the growing role of IoT among the significant revenue-generating end-user industries of the region, driven by the deployment of connected cars, smart facilities, smart energy projects, home automation, and a focus on smart manufacturing.
- The current and future
IoT applications with respect to their requirements and then identify the
feasible connectivity technologies for each application category. Massive
IoT has played a major role across a variety of verticals by generating
new revenue streams and other benefits, such as improved quality.
Global Massive IoT Market Value, 2020 (%)
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Massive IoT Market Segment
Analysis - By Platform
The Industrial Internet of Things is
the biggest and most important part of the Internet of Things now but consumer
applications will catch up from a spending perspective. The growing demand of industrial
automation and the penetration of industry 4.0 has boosted the Massive IoT
market. The device management of the massive IoT has the largest market growth
in the market, as the industrial automation includes mainly device management
and machine to machine communication. For instance in March 2020 Cisco and Microsoft
announced a partnership for seamless data communication between Cisco IoT and
Microsoft Azure IoT cloud.
Massive IoT Market Segment
Analysis - By End User
The current and future IoT
applications with respect to their requirements and then identify the feasible
connectivity technologies for each application category. Massive IoT has played
a major role across a variety of verticals by generating new revenue streams
and other benefits, such as improved quality. The transportation market is also
growing rapidly with the penetration of Massive IoT and the market has already
invested $78 billion, just as is the case for the IoT manufacturing market. The
main use case in transportation is freight monitoring, remaining a key driver
in the market during the forecast period of 2021-2026.
Massive IoT Market Segment
Analysis – By Geography
North America is holding a strong grip in the
market with 37% share in 2020, due to the growing role of IoT among the
significant revenue-generating end-user industries of the region, driven by the
deployment of connected cars, smart facilities, smart energy projects, home
automation, and a focus on smart manufacturing. The rapid implementation of the
digital era across industry verticals and technological advancements have
further boosted the growth of IoT in this region. The Massive internet of
things (MIoT) market is highly competitive to the presence of many large and
small enterprises in the market operating in the domestic as well as in the
international market. APAC is an industrial hub of many verticals that makes it
the fastest-growing.
Massive IoT
Market Drivers
Technological Advancement
Industry 4.0 and Massive-IoT are at the centre
of new technological approaches for the development, production, and management
of the entire logistics chain, otherwise known as smart factory automation. The
massive change in manufacturing due to industry 4.0 and the implementation of
IoT requires enterprises to adopt the smarter way to advance production with
technologies that reduce industrial accidents caused by a process failure. This
is changing the way industries approach the machines to improve efficiency and
reduce downtime. This development in connectivity will lead to a larger base of
individuals interested in purchasing IoT devices. The boost in the development
of high-speed wireless network technology and the number of devices enabled
with this technology are increasing rapidly with the penetration of MIoT. These
changes in the industry vertical will be driving the market during the forecast
period of 2021-2026.
Technology-enabled solutions to the healthcare organizations
During this Covid-19 pandemic, the vendors are
taking this as an opportunity by offering emerging technology-enabled solutions
to healthcare organizations. For instance, during the early stage of Covid 19
when the virus was infecting people of Shanghai the Shanghai Public Health
Clinical Centre (SPHCC) has utilized the California-based connected health
start-up Viva LNK’s continuous temperature measuring device to monitor COVID-19
patients, which reduces the risks of doctors and the nurses being infected by
the virus.
Massive IoT
Market Challenges
Security and the Pandemic
Massive IoT has opened serious security
breaches that have drawn the attention of top line tech firms and government
agencies across the world. The hacking of industrial Instruments, drug infusion
pumps, cameras, and even assault rifles are signifying a security nightmare
being caused by the future of IoT. Due to the recent outbreak of Covid-19 IOT
investment and deployments have certainly slowed down. However, with major
disruptions in global healthcare and supply chains, governments, hospitals, and
logistics providers are heading to react quickly for a more connected world
that could help better address the current crisis and mitigate future ones. The
Covid 19 has done major damage to the Massive IoT market by shutting down the
industries and ruining the economy. These factors will be restraining the
market during the forecast period.
Massive IoT Market Landscape
Product launches,
acquisitions, and R&D activities are key strategies adopted by players in
the Massive IOT market. The Massive IOT market is dominated by major companies
such Vates (US), Science Soft (US), HQ Software (Estonia)CISCO (US), Huawei
(China), Bosch (Germany), SAP (Germany).
Acquisitions/Technology Launches/Partnerships
- In March 2020, Microsoft & Cisco Systems announced a partnership to enable seamless data orchestration from Cisco IOT Edge to Azure IOT Cloud. This partnership will be providing the customers a pre-integrated IOT edge-to-cloud application solution.
- In January 2020, IBM Corporation announced a collaboration with Sund & Bælt, which owns and operates some of the largest infrastructures in the world, to assist in IBM's development of an AI-powered IOT solution designed to help prolong the lifespan of aging bridges, tunnels, highways, and railways.
Related Reports:
Report Code: ATR 0022
Report Code: ITR 50963
1. Massive IoT Market Overview
1.1 Definitions and Scope
2. Massive IoT Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends By End Use Industry
2.3 Key trends segmented by Geography
3. Massive IoT Market – Market Landscape
3.1 Comparative Analysis
3.1.1 Product/Company Benchmarking-Top 5 Companies
3.1.2 Top 5 Financial Analysis
3.1.3 Market Value Split by Top 5 Companies
3.1.4 Patent Analysis
3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Massive IoT Market – Industry Market Entry Scenario Premium (Premium)
4.1 Regulatory Scenario
4.2 Ease of Doing Business Index
4.3 Case Studies
4.4 Customer Analysis
5. Massive IoT Market – Startup Company Scenario (Premium)
5.1 Venture Capital and Funding Scenario
5.2 Startup Company Analysis
6. Massive IoT Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Massive IoT Market – By Strategic Analysis (Market Size -$Million/Billion)
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Product Life Cycle/Market Life Cycle Analysis
8. Massive IoT Market – By End Use Industry (Market Size -$Million/Billion)
8.1 Manufacturing
8.2 Transportation
8.3 Healthcare
8.4 Retail
8.5 Residential
8.6 Energy and Utilities
8.7 Others
9. Massive IoT Market – By Component (Market Size -$Million/Billion)
9.1 Hardware
9.1.1 Transmitters
9.1.2 Memory
9.1.3 Processors
9.1.4 Others
9.2 Software
9.3 Services
10. Massive IoT Market – By Connectivity (Market Size -$Million/Billion)
10.1 Field
10.2 Wireless
11. Massive IoT Market – By Platform (Market Size -$Million/Billion)
11.1 Device Management
11.2 Application Management
11.3 Network Management
11.4 Cloud Platform
11.5 Others
12. Massive IoT Market - By Geography (Market Size -$Million/Billion)
12.1 North America
12.1.1 U.S
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 Germany
12.2.2 France
12.2.3 UK
12.2.4 Italy
12.2.5 Spain
12.2.6 Russia
12.2.7 Netherlands
12.2.8 Others
12.3 APAC
12.3.1 China
12.3.2 Japan
12.3.3 South Korea
12.3.4 India
12.3.5 Australia
12.3.6 Indonesia
12.3.7 Malaysia
12.3.8 Others
12.4 South America
12.4.1 Brazil
12.4.2 Argentina
12.4.3 Chile
12.4.4 Colombia
12.4.5 Others
12.5 RoW
12.5.1 Middle East
12.5.2 Africa
13. Massive IoT Market - Market Entropy
13.1 New product launches
13.2 M&A's, collaborations, JVs and partnerships
14. Massive IoT Market – Industry Competitive Landscape (Premium)
14.1 Market Share – Global
14.2 Market Share by Region
14.3 Market Share By End Use Industry
15. Massive IoT Market – Key Company List by Country Premium (Premium)
16. Massive IoT Market - Company Analysis
16.1 Company 1
16.2 Company 2
16.3 Company 3
16.4 Company 4
16.5 Company 5
16.6 Company 6
16.7 Company 7
16.8 Company 8
16.9 Company 9
16.10 Company 10