SAN FRANCISCO, Aug. 26, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Internet of Things (IoT) Connectivity - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 734
Companies: 167 - Players covered include AT&T; Aeris; Cisco Jasper; Emnify; Ericsson; Hologram; Huawei; Moeco; Orange Business Services; Particle; Sierra Wireless; Sigfox; Telefónica; Telit; Verizon Enterprise Solutions; Vodafone and Others.
Coverage: All major geographies and key segments
Segments: Component (Platform, Services); Application (Building & Home Automation, Smart Transportation, Smart Grid & Utilities, Smart Manufacturing, Connected Health, Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Internet of Things (IoT) Connectivity Market to Reach $13.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Internet of Things (IoT) Connectivity estimated at US$4.9 Billion in the year 2020, is projected to reach a revised size of US$13.8 Billion by 2026, growing at a CAGR of 18.5% over the analysis period. Platform, one of the segments analyzed in the report, is projected to record a 19.1% CAGR and reach US$11.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 17.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.6 Billion in 2021, While China is Forecast to Reach $2.1 Billion by 2026
The Internet of Things (IoT) Connectivity market in the U.S. is estimated at US$1.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2026 trailing a CAGR of 17.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.5% and 15.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.5% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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