PUBLISHER: Allied Market Research | PRODUCT CODE: 1298225
PUBLISHER: Allied Market Research | PRODUCT CODE: 1298225
Hyperconnectivity is a broad term that refers to a state where almost everything is connected, from infrastructure to people. In other words, it is a term that is generally used to define the connectivity that exists in digital environments and the interaction between information systems, data, and devices, all of them related to each other through the internet. Furthermore, hyperconnectivity offers many benefits to industries and production processes.
Factors such as growing digitalization and internet penetration around the globe are positively impacting the growth of the market. In addition, increase in adoption of hyperconnectivity solution across enterprises to enhance operation & productivity and rise in adoption networking connectivity technology such as 5G, strengthens the growth of the market. Furthermore, growth in investments in the smart city project and rise in adoption of IoT technology are expected to provide lucrative growth opportunities for the market during the forecast period. However, security concerns and initial investment costs hamper the growth of the market.
The hyperconnectivity market is segmented into component, organization size, product, industry vertical, and region. By component, it is bifurcated into solution and services. On the basis of organizational size, the market is segregated into small & medium-sized enterprises and large enterprises. Depending on product, it is divided into enterprise wearable devices, middleware software, cloud platforms, business solutions, network & communication, and others. As per industry vertical, the market is classified into BFSI, manufacturing, IT & telecom, retail & e-commerce, healthcare, media & entertainment, government, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the hyperconnectivity market include: Avaya, Broadcom Inc., Cisco Systems, Inc, Extreme Networks, Fujitsu Limited, Iberdrola SA, IBM Corporation, Microsoft Corporation, Oracle Corporation and PathPartner Technology. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the hyperconnectivity market globally.