Massive IoT Market

Massive IoT Market - Global Forecast to 2028

Report Code: UC 6475 Aug, 2024, by marketsandmarkets.com

Massive IoT, also known as massive Machine-Type Communications (mMTC) in the 5G world, refers to applications using many endpoints to supply small amounts of data continuously. It involves low-cost, low-energy applications with large amounts of tiny data reported to the cloud periodically. IoT sensors on billions of devices, objects, and machines communicate with one another, are often low-cost, and consume relatively less energy.

The global massive IoT market size is projected to grow from USD XX.X billion in 2023 to USD XX.X billion by 2028, at a compound annual growth rate (CAGR) of XX.X% during the forecast period. Massive IoT enables cloud systems to save costs by allowing real-time updates and remote management of connected equipment. It helps machines communicate without human intervention, enabling companies to control large amounts of machinery or monitor production processes remotely.

Massive IoT Market

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Driver: Growing demand for industrial automation and remote management of connected devices

Massive IoT plays an important role in transforming business operations and helping them generate new business models. In an integrated control system, massive IoT enables wireless connectivity between various movable machines and eventually reduces downtime, shutdowns, and monetary losses during manufacturing. It plays a vital role in implementing and enhancing smart systems with numerous connected devices and helps remotely monitor machines using attached sensors. It enables machines to interact with each other and remotely automate repetitive tasks by aligning processes, procedures, and orders according to supply chain requirements. Companies can remotely monitor their production processes using mobile apps instead of having someone physically check every machine daily. As a result, it saves operational costs and increases productivity levels due to fewer disruptions in production.

Driver: Increasing popularity of NB-IoT and LTE-M technologies over 4G/LTE

NB-IoT (Narrowband-IoT) offers low-power connectivity alternatives for small devices such as sensors and wearables. NB-IoT and LTE-M both use low-power wireless networks that are simple to set up. They are suitable for large-scale IoT deployments as they help manage vast amounts of data faster while providing higher mobility, lower latency, and improved performance. NB-IoT and LTE-M technologies are less power-intensive and less expensive than 4G/LTE, making them low-cost alternatives to 4G/LTE. They are ideal for connecting many devices in various applications. NB-IoT is ideal for applications requiring long battery life and low data rates, such as asset tracking and environmental monitoring. On the other hand, LTE-M is a better fit for applications requiring higher data speeds, such as networked sensors in industrial environments. The increasing popularity of NB-IoT and LTE-M is a prominent trend in the IoT market that is expected to continue in the coming years.

Challenge: Concerns regarding data security and privacy

The rising number of interconnected devices in IoT has brought tremendous opportunities for innovation and automation. However, this huge network has created many data security and privacy challenges. Businesses require solutions that assist them with authentication, encryption, and privacy policies while sharing data from their systems to the network. It becomes important for organizations to examine the security design before incorporating new technology into their systems. This ensures that businesses only access the required information and do not expose private information to unwanted parties. Furthermore, it is important that data privacy policies comply with personal information protection requirements such as California's CCPA (2020) and CPRA (2023), the EU's GDPR (2018), and Brazil's LGPD (2020), to ensure that organizations do not encounter any complications while dealing with consumer data.

Key players in the market

The major players in the global Massive IoT market are Cisco Systems, Inc. (US), Comcast Corporation (US), IBM (US), Microsoft (US), Intel Corporation (US), NEC Corporation (Japan), Telefonaktiebolaget LM Ericsson (Sweden), Amazon Web Services, Inc. (US),  KORE Wireless (US), Telit Cinterion (UK), SK Telecom Co., Ltd. (South Korea), PTC (US), Murata Manufacturing Co., Ltd. (Japan), AT&T Inc. (US), Verizon (US), UnaBiz (Singapore), Kerlink (France), Digi International Inc. (US), Actility (Paris), Loriot AG. (Switzerland), HiveMQ (Germany), Senet Inc. (US), and Cavli Wireless (US).

Recent Developments:

  • In February 2023, Telit Cinterion introduced new ultra-compact 5G low-power wireless access (LPWA) modules for various indoor and outdoor IoT applications requiring long battery and service life.
  • In February 2023, Murata Manufacturing introduced the next-generation LTE-M/NB-IoT module. The module provides ultra-low power and multiple LPWA communication protocols, including non-terrestrial networks (NTN) satellite connectivity support in a single system-on-chip (SoC) package.
  • In March 2023, Senet partnered with UnaBiz to provide customers seamless access to LoRaWAN network services offered by Senet. The partnership will enable multiple UnaBiz global customers to penetrate into the North American market using Public LoRaWAN Network-as-a-Service (NAAS) and Platform-as-a-Service (PAAS) offered by Senet.

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TABLE OF CONTENTS
 
1 INTRODUCTION 
    1.1 STUDY OBJECTIVES  
    1.2 MARKET DEFINITION 
    1.3 MARKET SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED  
           1.3.3 INCLUSIONS AND EXCLUSIONS 
           1.3.4 YEARS CONSIDERED 
    1.4 CURRENCY CONSIDERED 
    1.5 STAKEHOLDERS 
    1.6 RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY 
    2.1 RESEARCH DATA 
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 List of key primary interview participants
                    2.1.2.3 Breakdown of primaries
                    2.1.2.4 Primary sources
                    2.1.2.5 Key industry insights
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH 
    2.3 DATA TRIANGULATION 
    2.4 RESEARCH ASSUMPTIONS  
    2.5 RISK ASSESSMENT 
    2.6 LIMITATIONS  
    2.7 IMPLICATION OF RECESSION ON THE MASSIVE IOT MARKET 
 
3 EXECUTIVE SUMMARY 
 
4 PREMIUM INSIGHTS 
    4.1 ATTRACTIVE OPPORTUNITIES IN THE GLOBAL MASSIVE IOT MARKET 
    4.2 MASSIVE IOT MARKET, BY OFFERING 
    4.3 MASSIVE IOT MARKET, BY APPLICATION  
    4.4 MASSIVE IOT MARKET, BY END USER 
    4.5 MASSIVE IOT MARKET, BY CONNECTIVITY  
    4.6 NORTH AMERICA: MASSIVE IOT MARKET, BY TOP KEY APPLICATIONS AND END USERS 
 
5 MARKET OVERVIEW 
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           5.2.1 DRIVERS
           5.2.2 RESTRAINTS
           5.2.3 OPPORTUNITIES
           5.2.4 CHALLENGES
    5.3 BRIEF HISTORY OF MASSIVE IOT 
    5.4 ECOSYSTEM ANALYSIS/MARKET MAP 
    5.5 CASE STUDY ANALYSIS 
    5.6 VALUE CHAIN/ SUPPLY CHAIN ANALYSIS 
    5.7 REGULATORY LANDSCAPE 
           5.7.1 TARIFF RELATED TO IOT DEVICES
           5.7.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    5.7.2.1 NORTH AMERICA
                    5.7.2.2 EUROPE
                    5.7.2.3 ASIA PACIFIC
                    5.7.2.4 MIDDLE EAST & AFRICA
                    5.7.2.5 LATIN AMERICA
    5.8 PATENT ANALYSIS 
           5.8.1 LIST OF MAJOR PATENTS
    5.9 TECHNOLOGY ANALYSIS 
    5.10 PRICING ANALYSIS 
    5.11 PORTERS FIVE FORCES ANALYSIS 
           5.11.1 THREAT OF NEW ENTRANTS
           5.11.2 THREAT OF SUBSTITUTES
           5.11.3 BARGAINING POWER OF SUPPLIERS
           5.11.4 BARGAINING POWER OF BUYERS
           5.11.5 INTENSITY OF COMPETITIVE RIVALRY
    5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 
    5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 
           5.13.2 BUYING CRITERIA
    5.14 KEY CONFERENCES & EVENTS, 2023-2024 
    5.15 TECHNOLOGY ROADMAP FOR MASSIVE IOT MARKET   
           5.15.1 SHORT-TERM ROADMAP (2023 – 2025)
           5.15.2 MID-TERM ROADMAP (2026 – 2028)
           5.15.3 LONG-TERM ROADMAP (2029 – 2030)
    5.16 BEST PRACTICES TO IMPLEMENT MASSIVE IOT  
    5.17 CURRENT AND EMERGING BUSINESS MODELS 
    5.18 HS CODE ANALYSIS 
           5.18.1 EXPORT SCENARIO 
           5.18.2 IMPORT SCENARIO
 
6 MASSIVE IOT MARKET SIZE, BY OFFERING 
    6.1 INTRODUCTION 
           6.1.1 OFFERING: MARKET DRIVERS
    6.2 HARDWARE 
           6.2.1 NETWORKING GATEWAYS
           6.2.2 CONNECTIVITY MODULES
           6.2.3 SENSORS
           6.2.4 OTHER HARDWARE
    6.3 PLATFORM 
    6.4 SERVICES 
           6.4.1 PROFESSIONAL SERVICES
                    6.4.1.1 Consulting
                    6.4.1.2 Deployment and Integration
                    6.4.1.3 Support and Maintenance 
           6.4.2 MANAGED SERVICES
 
7 MASSIVE IOT MARKET SIZE, BY APPLICATION 
    7.1 INTRODUCTION 
           7.1.1 APPLICATION: MARKET DRIVERS
    7.2 ASSET TRACKING AND FLEET MANAGEMENT 
    7.3 INDUSTRIAL IOT 
    7.4 SMART BUILDINGS 
    7.5 SMART RETAIL 
    7.6 SMART CITIES 
    7.7 SMART HEALTHCARE 
    7.8 OTHER APPLICATIONS (SMART UTILITIES, SMART AGRICULTURE AND LIVESTOCK MONITORING) 
 
8 MASSIVE IOT MARKET SIZE, BY CONNECTIVITY  
    8.1 INTRODUCTION 
           8.1.1 CONNECTIVITY: MARKET DRIVERS
    8.2 LPWAN  
           8.2.1 NB-IOT/CAT-NB1
           8.2.2 LTE-M/CAT-M1
           8.2.3 OTHER LPWAN TECHNOLOGIES (LORAWAN, SIGFOX, AND WEIGHTLESS)
    8.3 5G 
    8.4 OTHER CONNECTIVITY TECHNOLOGIES (WI-FI, BLUETOOTH, SATELLITE NETWORKS) 
 
9 MASSIVE IOT MARKET SIZE, BY END USERS 
    9.1 INTRODUCTION 
           9.1.1 END USERS: MARKET DRIVERS
    9.2 MANUFACTURING 
    9.3 ENERGY, UTILITIES, & MINING 
    9.4 RETAIL 
    9.5 HEALTHCARE  
    9.6 TRANSPORTATION & LOGISTICS 
    9.7 RESIDENTIAL 
    9.8 TRAVEL & HOSPITALITY 
    9.9 OTHER END USERS (AGRICULTURE, CONSTRUCTION, TELECOM, AND IT & ITES) 
 
10 MASSIVE IOT MARKET SIZE, BY REGION 
     10.1 INTRODUCTION 
     10.2 NORTH AMERICA 
             10.2.1 NORTH AMERICA: MARKET DRIVERS
             10.2.2 NORTH AMERICA: RECESSION IMPACT
             10.2.3 UNITED STATES
             10.2.4 CANADA
     10.3 EUROPE 
             10.3.1 EUROPE: MARKET DRIVERS
             10.3.2 EUROPE: RECESSION IMPACT
             10.3.3 UNITED KINGDOM
             10.3.4 GERMANY
             10.3.5 FRANCE
             10.3.6 SPAIN
             10.3.7 ITALY
             10.3.8 NORDICS
             10.3.9 REST OF EUROPE
     10.4 ASIA PACIFIC 
             10.4.1 ASIA PACIFIC: MARKET DRIVERS
             10.4.2 ASIA PACIFIC: RECESSION IMPACT
             10.4.3 CHINA
             10.4.4 JAPAN
             10.4.5 INDIA
             10.4.6 AUSTRALIA AND NEW ZEALAND
             10.4.7 SOUTH KOREA
             10.4.8 SOUTHEAST ASIA
             10.4.9 REST OF ASIA PACIFIC
     10.5 MIDDLE EAST AND AFRICA 
             10.5.1 MIDDLE EAST AND AFRICA: MARKET DRIVERS
             10.5.2 MIDDLE EAST AND AFRICA: RECESSION IMPACT
             10.5.3 MIDDLE EAST
                       10.5.3.1 Kingdom of Saudi Arabia
                       10.5.3.2 UAE
                       10.5.3.3 Rest of Middle East
             10.5.4 AFRICA
     10.6 LATIN AMERICA 
             10.6.1 LATIN AMERICA: MARKET DRIVERS
             10.6.2 LATIN AMERICA: RECESSION IMPACT
             10.6.3 BRAZIL
             10.6.4 MEXICO
             10.6.5 REST OF LATIN AMERICA
 
11 COMPETITIVE LANDSCAPES 
     11.1 KEY PLAYER STRATEGIES/RIGHT TO WIN 
     11.2 REVENUE ANALYSIS  
     11.3 MARKET SHARE ANALYSIS 
     11.4 COMPANY EVALUATION MATRIX 
             11.4.1 STARS
             11.4.2 EMERGING LEADERS
             11.4.3 PERVASIVE PLAYERS
             11.4.4 PARTICIPANTS
             11.4.5 COMPANY FOOTPRINT
     11.5 START-UP/SME EVALUATION MATRIX 
             11.5.1 PROGRESSIVE COMPANIES
             11.5.2 RESPONSIVE COMPANIES
             11.5.3 DYNAMIC COMPANIES
             11.5.4 STARTING BLOCKS
             11.5.5 COMPETITIVE BENCHMARKING
     11.6 COMPETITIVE SCENARIO AND TRENDS 
             11.6.1 PRODUCT LAUNCHES
             11.6.2 DEALS
             11.6.3 OTHERS
     11.7 PRODUCT BENCHMARKING  
     11.8 VALUATION AND FINANCIAL METRICS OF KEY MASSIVE IOT SOLUTION PROVIDERS  
 
12 COMPANY PROFILES 
     12.1 INTRODUCTION 
     12.2 KEY PLAYERS 
             12.2.1 CISCO
                       12.2.1.1 Business and Financial overview
                       12.2.1.2 Recent developments
                       12.2.1.3 MNM View
                                   12.2.1.3.1 Key strengths/right to win
                                   12.2.1.3.2 Strategic choices made
                                   12.2.1.3.3 Weaknesses and competitive threats
             12.2.2 COMCAST
                       12.2.2.1 Business and Financial Overview
                       12.2.2.2 Recent developments
                       12.2.2.3 MNM View
                                   12.2.2.3.1 Key strengths/right to win
                                   12.2.2.3.2 Strategic choices made
                                   12.2.2.3.3 Weaknesses and competitive threats
             12.2.3 IBM
                       12.2.3.1 Business and Financial Overview
                       12.2.3.2 Recent developments
                       12.2.3.3 MNM View
                                   12.2.3.3.1 Key strengths/right to win
                                   12.2.3.3.2 Strategic choices made
                                   12.2.3.3.3 Weaknesses and competitive threats
             12.2.4 MICROSOFT
                       12.2.4.1 Business and Financial Overview
                       12.2.4.2 Recent Developments
                       12.2.4.3 MNM View
                                   12.2.4.3.1 Key strengths/right to win
                                   12.2.4.3.2 Strategic choices made
                                   12.2.4.3.3 Weaknesses and competitive threats
             12.2.5 INTEL
                       12.2.5.1 Business and Financial Overview
                       12.2.5.2 Recent Developments
                       12.2.5.3 MnM View
                                   12.2.5.3.1 Key strengths/right to win
                                   12.2.5.3.2 Strategic choices made
                                   12.2.5.3.3 Weaknesses and competitive threats
             12.2.6 NEC CORPORATION
                       12.2.6.1 Business and Financial Overview
                       12.2.6.2 Recent developments
             12.2.7 ERICSSON
                       12.2.7.1 Business and Financial Overview
                       12.2.7.2 Recent developments
             12.2.8 AWS
                       12.2.8.1 Business and Financial Overview
                       12.2.8.2 Recent developments
             12.2.9 KORE WIRELESS
                       12.2.9.1 Business and Financial Overview
                       12.2.9.2 Recent developments
             12.2.10 TELIT CINTERION
                       12.2.10.1 Business and Financial Overview
                       12.2.10.2 Recent developments
             12.2.11 SK TELECOM
                       12.2.11.1 Business and Financial Overview
                       12.2.11.2 Recent developments
             12.2.12 PTC
             12.2.13 MURATA MANUFACTURING
             12.2.14 AT&T
             12.2.15 VERIZON
     12.3 STARTUPS/SMES 
             12.3.1 UNABIZ
             12.3.2 KERLINK
             12.3.3 DIGI INTERNATIONAL
             12.3.4 ACTILITY
             12.3.5 LORIOT
             12.3.6 HIVEMQ
             12.3.7 SENET
             12.3.8 CAVLI WIRELESS
(The list of players is subject to further modification over the course of research)
 
13 APPENDIX 
     13.1 ADJACENT REPORTS 
     13.2 DISCUSSION GUIDE 
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     13.4 AVAILABLE CUSTOMIZATIONS 
     13.5 RELATED REPORTS 
     13.6 AUTHOR DETAILS 

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