The global (IoT) connectivity management platform (CMP) market is expected to expand at a healthy rate from 2021 to 2031 (forecast period). The global (IoT) connectivity management platform (CMP) market is projected to expand rapidly as a result of the rising advantages it provides to businesses. One of the most important features of the connectivity management platform is that it supports Bring Your Own Computer (BYOC) connectivity. Organizations are implementing BYOC to avoid initial infrastructure costs and reduce equipment and deployment expenses. The trend also offers employees a flexible work environment and enables connectivity technologies such as CDMA, GSM, LTE, and different non-cellular connectivity protocols such as Bluetooth and Wi-Fi.
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(IoT) Connectivity Management Platform (CMP) Market – Competitive Landscape
Leading players in the (IoT) connectivity management platform (CMP) market are Aeris Communications, Huawei Technologies Co., Ltd., Hewlett Packard Enterprises (HPE), Comarch, ZTE Corporation, Stream Technologies, Vodafone Limited, Emnify Gmbh, KORE Wireless Group, Inc., Ericsson, Cisco Corporation, Swisscom AG, and Avnet, Inc.
To increase their base of customers and product portfolio, market players are concentrating on different tactics such as partnerships and collaborations.
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(IoT) Connectivity Management Platform (CMP) Market – Trends and Opportunities
The increasing number of connected devices across all geographies is one of the primary aspects projected to drive the growth of the (IoT) connectivity management platform (CMP) market. From Asia Pacific to the Middle East and Africa, the number of connected devices and solutions is rapidly expanding each year. As a result, the global (IoT) connectivity management platform (CMP) market is likely to experience substantial growth in the coming years.
After years of being dominated by oligopolistic corporations such as Huawei Technologies Co., Ltd. and Cisco Corporation, the global (IoT) connectivity management platform (CMP) market is witnessing an influx of new participants. With growing competitiveness, companies are expanding their CMP abilities so that they can quickly incorporate with application-enabled platforms (AEP).
CMP vendors have begun employing CMP Solution Architects (IoTs) with specific architectural framework expertise who can effectively design and construct an architecture framework for CMP platform components. Hiring competent experts is likely to assist organizations in providing a complete solution to end-users and strengthening their market position.
The outbreak of COVID-19 had a positive impact on the sales of (IoT) connectivity management platform (CMP) market. The COVID-19 outbreak affected normal life and necessitated significant changes in organizational activities, priorities, and policies. The COVID-19 pandemic has proven to be a driver for digital transformation by expanding digital technology applications. Many businesses have made investments in IoT deployment throughout a variety of projects. During the outbreak, the deployment of IoT technologies in the healthcare sector has risen at a rapid pace. Telemedicine driven by IoT assists clinics and hospitals in maintaining remote treatments.
Remote patient monitoring, for example, employs a variety of digital technologies to collect health-related data from patients and transfer it to healthcare specialists in various places for recommendations. IoT technologies are being employed in a variety of applications, including smart cities, smart transportation, and smart manufacturing. The need for (IoT) connectivity management platforms is anticipated to rise in pace with the deployment of IoT technology.
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(IoT) Connectivity Management Platform (CMP) Market – Regional Landscape
The (IoT) connectivity management platform (CMP) market in Asia Pacific is projected to expand during the forecast period. Consumers are adopting IoT since it concentrates on sustainability and smart technologies. Several network service providers are partnering and collaborating with infrastructure solution providers to deliver IoT-centric solutions for smart city development. Smart cities are made up of numerous types of electronic equipment that can be used for a variety of applications, such as smart homes, smart security, smart traffic, and utilities. This is increasing the demand for IoT and connected devices for smart city implementation, such as home gateways, smart meters, sensors, smart appliances, and smart plugs.
North America and Europe are expected to make significant contributions to the global (IoT) connectivity management platform (CMP) market during the forecast period.
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