IoT Connectivity Management Platform Market Report 2025 (Global Edition)

Global IoT Connectivity Management Platform Market Report 2025 Market Size Split by Component (IoT Connectivity Management Platform Solution, IoT Connectivity Management Platform Services), by Deploym...

IoT Connectivity Management Platform Market Report Description

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IoT Connectivity Management Platform Market Insights Video

Competitive Landscape of the IoT Connectivity Management Platform Market

In the IoT Connectivity Management Platform market's competitive landscape, numerous key competitors are driving innovation and growth. These companies focus on developing platforms that enable seamless and secure management of connected IoT devices across industries. Market competition is pushing advancements in technology and features, such as enhanced real-time monitoring, scalability, and security, to meet the growing demand for efficient IoT connectivity. This competitive environment fosters continuous innovation, with companies striving to deliver solutions that meet both industry needs and the expanding IoT ecosystem, keeping the market dynamic and highly competitive.

In March 2024, XL Axiata partnered with Cisco to launch the IoT Connectivity+ product in Indonesia, leveraging Cisco's IoT Control Center. This connectivity management platform aims to help businesses scale their IoT deployments quickly and securely, enhancing customer experiences. The initiative also sets the stage for future IoT applications utilizing 5G technology, promoting high-value use cases in the market. (Source: https://news-blogs.cisco.com/apjc/2024/04/04/xl-axiata-and-cisco-spur-development-of-internet-of-things-iot-services-in-indonesia-through-iot-connectivity-product-by-xl-axiata/) In February 2023, Cisco introduced new cloud services in its IoT Operations Dashboard to enhance industrial asset visibility, secure asset management from anywhere, and provide Industrial IoT customers with a seamless path to cloud automation for OT teams. (Source: https://investor.cisco.com/news/news-details/2023/Cisco-Connects-and-Protects-with-New-Cloud-Tools-Across-Networking-Security-and-Operations-to-Provide-Greater-Visibility-and-Control-Over-Networks/default.aspx)

Top Companies Market Share in IoT Connectivity Management Platform Industry: (In no particular order of Rank)

• Cisco Systems
• Inc.
• Nokia Corporation
• Truphone Limited
• Huawei Technologies Co.
• Ltd.
• Telefonaktiebolaget LM Ericsson
• Comarch S.A.
• KORE Wireless Group
• Inc.
• Arm Holdings Ltd.
• Hewlett Packard Enterprise Company (HPE)
• ZTE Corporation
• Links Field Networks Co.
• Ltd.
• MAVOCO AG
• Swimscom Ltd.
• Emnify GmbH
• Aeris Communications
• Inc.
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the IoT Connectivity Management Platform Market

Which Region Dominates the IoT Connectivity Management Platform Market in 2024?

According to Cognitive Market Research, North America currently dominates the IoT Connectivity Management Platforms market, and the region is expected to have significant growth during the projected period. This is due to the region's strong technological infrastructure, and high adoption rates of IoT solutions.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Rising investments by both local and international tech companies foster innovation and growth in IoT solutions.

The current report Scope analyzes IoT Connectivity Management Platform Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America IoT Connectivity Management Platform Market Analysis

According to Cognitive Market Research, the global IoT Connectivity Management Platform market size was estimated at USD 7451.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 2980.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the IoT connectivity management platform market with a market size of USD 2351.60 million in 2024 and is projected to grow at a CAGR of 15.5% during the forecast period. The U.S. market's advanced technology infrastructure and strong presence of leading tech companies.
• The Canada IoT Connectivity Management Platform market had a market share of USD 357.66 million in 2024 and is projected to grow at a CAGR of 16.5% during the forecast period. Canada’s increasing adoption of advanced technologies and smart solutions across industries.
• The Mexico IoT connectivity management platform market is projected to witness growth at a CAGR of 16.2% during the forecast period, with a market size of USD 271.22 million in 2024.

Europe IoT Connectivity Management Platform Market Analysis

According to Cognitive Market Research, the global IoT Connectivity Management Platform market size was estimated at USD 7451.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 2235.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.40% from 2024 to 2031.

• The United Kingdom IoT Connectivity Management Platform market had a market share of USD 375.54 million in 2024 and is projected to grow at a CAGR of 16.8% during the forecast period. In the UK, IoT Connectivity Management Platform sales witness an upswing due to the increasing focus on technology advancement.
• The France IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 15.2% during the forecast period, with a market size of USD 205.65 million in 2024.
• According to Cognitive Market Research, the German IoT Connectivity Management Platform market size was valued at USD 442.60 million in 2024 and is projected to grow at a CAGR of 16.2% during the forecast period. In Germany, the IoT Connectivity Management Platform surged due to the Increased focus of the manufacturers and major market players.
• The Italy IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 15.4% during the forecast period, with a market size of USD 192.24 million in 2024.
• The Russia IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 15.1% during the forecast period, with a market size of USD 346.48 million in 2024.
• The Spain IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 15.2% during the forecast period with a market size of USD 183.30 million in 2024
• The Luxembourg IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 16.1% during the forecast period, with a market size of USD 69.30 million in 2024.
• The Portugal IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 15.8% during the forecast period, with a market size of USD 46.94 million in 2024.
• The Greece IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 16.8% during the forecast period, with a market size of USD 26.82 million in 2024.
• The Rest of Europe's IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 14.3% during the forecast period, with a market size of USD 346.48 million in 2024.

Asia Pacific IoT Connectivity Management Platform Market Analysis

According to Cognitive Market Research, the global IoT Connectivity Management Platform market size was estimated at USD 7451.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1713.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.5% from 2024 to 2031.

• According to Cognitive Market Research, the China IoT Connectivity Management Platform market size was valued at USD 771.20 million in 2024 and is projected to grow at a CAGR of 19.0% during the forecast period. IoT connectivity management platforms surged in China due to the Increased focus on advanced IoT technology.
• The Japan IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 483.8% during the forecast period, with a market size of USD 236.50 million in 2024.
• The India IoT Connectivity Management Platform market had a market share of USD 205.65 million in 2024 and is projected to grow at a CAGR of 21.3% during the forecast period. India's increasing digital transformation initiatives.
• The South Korean IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 18.6% during the forecast period, with a market size of USD 171.38 million in 2024.
• The Australian IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 19.3% during the forecast period, with a market size of USD 89.12 million in 2024.
• The South East Asia IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 20.5% during the forecast period, with a market size of USD 118.25 million in 2024.
• The Rest of Asia Pacific IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 19.3% during the forecast period, with a market size of USD 121.68 million in 2024.

South America IoT Connectivity Management Platform Market Analysis

According to Cognitive Market Research, the global IoT Connectivity Management Platform market size was estimated at USD 7451.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 372.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil IoT Connectivity Management Platform market size was valued at USD 159.46 million in 2024 and is projected to grow at a CAGR of 17.5% during the forecast period. IoT Connectivity Management Platforms flourished in Brazil due to increasing demand for cloud-based services.
• Argentina's IoT Connectivity Management Platform market had a market share of USD 62.59 million in 2024 and is projected to grow at a CAGR of 17.8% during the forecast period. Argentina's rising personal disposable income .
• Colombia’s IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 16.7% during the forecast period, with a market size of USD 33.16 million in 2024.
• Peru’s IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 17.1% during the forecast period, with a market size of USD 30.55 million in 2024.
• Chile IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 17.2% during the forecast period, with a market size of USD 26.82 million in 2024.
• The Rest of Latin America's IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 16.1% during the forecast period, with a market size of USD 59.98 million in 2024.

Middle East IoT Connectivity Management Platform Market Analysis

According to Cognitive Market Research, the global IoT Connectivity Management Platform market size was estimated at USD 7451.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 149.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.2% from 2024 to 2031..

• The GCC Countries IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 18.0% during the forecast period, with a market size of USD 63.78 million in 2024. IoT Connectivity Management Platform sales flourish due to the presence of major market players.
• The Egypt IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 17.5 million in 2024.
• The South Africa IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 18.2% during the forecast period, with a market size of USD 23.55 million in 2024. IoT Connectivity Management Platform sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 16.6% during the forecast period, with a market size of USD 12.82 million in 2024.
• The Nigeria IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 16.3% during the forecast period, with a market size of USD 15.65 million in 2024.
• The Rest of the MEA IoT Connectivity Management Platform market is projected to witness growth at a CAGR of 16.2% during the forecast period, with a market size of USD 17.58 million in 2024.

IoT Connectivity Management Platform Market Analysis

IoT Connectivity Management Platform Market Component Segment Analysis

According to Cognitive Market Research, IoT connectivity management platform solutions are likely to dominate the IoT Connectivity Management Platform Market over the forecast period. This dominance is driven by the increasing deployment of IoT solutions across various industries, such as manufacturing, healthcare, and transportation. The growing need for effective management and integration of IoT devices fuels the strong market presence of this segment, reflecting its central role in enabling seamless connectivity and operational efficiency.

The IoT connectivity management platform services are the fastest-growing segment in the IoT Connectivity Management Platform Market. This rapid growth is fueled by the rising demand for specialized support, managed services, and advanced analytics to handle the complexities of IoT deployments. As businesses seek comprehensive solutions for device management, security, and data analytics, the service segment is poised to expand rapidly, reflecting its critical role in optimizing IoT operations.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of IoT Connectivity Management Platform Industry. Request a Free Sample PDF!

IoT Connectivity Management Platform Market Deployment Segment Analysis

According to Cognitive Market Research, the On-premise segment holds the largest share of the market. This growth is attributed to increasing concerns over data security and privacy, leading businesses to prefer on-premise solutions for greater control and customization of their IoT management infrastructure.

In the IoT Connectivity Management Platform Market, Cloud-based has been expanding at a rapid pace. This growth is attributed to increasing concerns over data security and privacy, leading businesses to prefer on-premise solutions for greater control and customization of their IoT management infrastructure.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

IoT Connectivity Management Platform Enterprise Size Segment Analysis

IoT Connectivity Management Platform Market Enterprise Size Segment Analysis

According to Cognitive Market Research, The Large Enterprises segment holds the largest market share. This dominance is due to their extensive IoT deployments, significant IT budgets, and greater resources to invest in comprehensive connectivity management solutions.

In the IoT Connectivity Management Platform market, the rapidly growing sector is the Small and Medium-sized Enterprises (SMEs) category. This rapid growth is driven by the increasing adoption of IoT solutions among SMEs seeking to enhance operational efficiency and competitiveness, often supported by the availability of scalable and cost-effective IoT management platforms.

• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)

IoT Connectivity Management Platform Industry Segment Analysis

IoT Connectivity Management Platform Market Industry Segment Analysis

According to Cognitive Market Research, the IT & Telecom segment dominates the market. This dominance stems from the sector's extensive use of IoT for managing complex network infrastructures, optimizing operations, and delivering advanced services. The critical role of connectivity management in supporting large-scale telecom networks and IT systems underscores its substantial market presence and influence.

Healthcare retail is projected to be the fastest-growing segment in the IoT Connectivity Management Platform market. This rapid growth is driven by the increasing implementation of IoT solutions for remote patient monitoring, telemedicine, and healthcare management. The industry's focus on improving patient outcomes and operational efficiencies through advanced IoT connectivity solutions propels its leading position in market expansion.

• IT & Telecom
• Consumer Electronics
• Energy & Utilities
• Healthcare
• Manufacturing
• Retail
• BFSI
• Others

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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