PUBLISHER: IMARC | PRODUCT CODE: 1636321
PUBLISHER: IMARC | PRODUCT CODE: 1636321
The global connectivity enabling technology market size reached USD 39.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 50.3 Billion by 2033, exhibiting a growth rate (CAGR) of 2.49% during 2025-2033. The market is principally driven by the rising adoption of IoT devices, rapid integration of AI in network management, and significant shift towards 5G networks. Moreover, growth of edge computing is revolutionizing connectivity by lowering bandwidth usage and latency.
Connectivity enabling technology refers to various technologies and services that allow end-users to connect to a communication network. It comprises various components and technologies that work together to enable connectivity between devices, networks, and systems. It includes network infrastructure, wireless technologies, network virtualization and software-defined networking (SDN), and cloud computing. Connectivity enabling technology is a cost-effective solution and assists in increasing productivity and automation, enhancing mobility, improving communications, increasing safety, and developing new products and services. It exhibits scalability, flexibility, security, reliability, energy efficiency, low latency, and high bandwidth. As a result, connectivity enabling technology finds extensive applications across the telecommunication, healthcare, and consumer electronics industries.
The increasing demand for connected devices across the globe is one of the key factors driving the market growth. Connectivity enabling technology includes technologies, such as Wi-Fi, Bluetooth, cellular networks, and Zigbee, which allows devices to connect to the internet and each other. In line with this, the widespread utilization of the technology that helps in the use of a wide range of connected devices, including smartphones, smart home devices, wearables, and industrial internet of things (IoT) devices, is favoring the market growth. Moreover, the increasing digitization across various industries that enable the connection of digital devices, machines, and systems to the internet, thus allowing them to share data and communicate with each other, is propelling the market growth. Apart from this, the escalating demand for connectivity enabling technology in the healthcare industry to connect medical devices, such as blood glucose monitors, to the internet, allowing for remote monitoring of patients and sharing patient data with healthcare providers, is providing an impetus to the market growth. Furthermore, the increasing need for automation and remote monitoring in various industries is acting as another growth-inducing factor. Additionally, the rising popularity of smart home devices, wearables, and other connected devices is positively influencing the market growth. Other factors, including increasing adoption of cloud computing and big data analytics, extensive research and development (R&D) activities, the rising need for security and data protection in connected devices and networks, various advancements in technology, and the implementation of various government initiatives to improve infrastructure and increase connectivity in rural areas are anticipated to drive the market further toward growth.
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