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Hyperconnectivity Market Size, Industry Analysis Report By Component (Solutions, Services), By Output Voltage (Enterprise Wearable Devices, Middleware Software, Cloud Platforms, Business Solutions), By Organization Size (Large Enterprises, Small And Medium Enterprises), By End-User (BFSI, Healthcare And Life Sciences, IT And Telecommunications, Government, Manufacturing, Retail And E-Commerce, Media And Entertainment) & Region – Forecast

  • PUBLISHED ON
  • 2024-10-03
  • NO OF PAGES
  • 214
  • CATEGORY
  • Information Communication & Technology
The Hyperconnectivity Market: Overview
The Hyperconnectivity Market is valued at around USD 30.4 billion in 2022 and is expected to reach USD 200 billion by 2030, registering a CAGR of 20.7% over the forecast period. Hyperconnectivity in unified communications (UC), which provides traffic-handling capacity and bandwidth of a network, is the use of devices and multiple systems to stay connected to information and social networks. Businesses can transfer, exchange, and share information and data thanks to it. Aside from that, businesses use hyperconnectivity to engage staff in a range of initiatives like globalisation, competitive job opportunities, new working practises, general expectations, and health & wellbeing. Hyperconnectivity has the advantage of enabling the incorporation of data from physical devices into the creation of new data-driven applications and services, such as eHealth, transportation, energy, or Internet of Things (IoT).

The Hyperconnectivity Market - Growth Factor
The market is being driven primarily by the growing popularity of smartphones, internet connectivity, and the Internet of Things (IoT). As more devices become connected, more data points become available, which helps marketers better understand consumer behaviour. Utilizing ongoing communication, many businesses use hyperconnected devices to increase employee engagement, which fuels market growth. It is anticipated that the development of 5G technologies will increase consumer demand for hyperconnected devices. New communication channels are being created as a result of the development of virtual and remote working, and cutting-edge technology is one of the main drivers of market growth for hyperconnectivity.

The Hyperconnectivity Market – Market Trends
• The availability of the labour force is reportedly disrupting the global hyperconnectivity market's inventory network as people are being forced to stay indoors due to the lockdown and the spread of the disease.
• Transportation of the goods and the hyperconnectivity makers' presentations are related. Transport and the network of stores halt as soon as the assembling process is stopped.
• The pandemic has a strong impact on the stacking and dumping of the items, such as the labour-intensive results (fixings) and raw materials.
• The entire Hyperconnectivity inventory network is severely jeopardised as a result of the incident, from the entrance of the manufacturing facility to the stockroom or from the distribution centre to the final customers, i.e., application ventures.

The Hyperconnectivity Market – Segmentation
The Hyperconnectivity Market fragrance concentrates market has been sub-classified into component, product, organization size, end-user.

On the basis of component, the Hyperconnectivity Market is bifurcated into:
• Solutions
• Services
• others

On the basis of output voltage, the market is segmented into:
• enterprise wearable devices
• middleware software
• cloud platforms
• business solutions
• others

On the basis of organization size, the market segmented into:
• large enterprises
• small and medium enterprises
• Others

On the basis of end-user, the market segmented into:
• BFSI
• Healthcare and life sciences
• IT and Telecommunications
• Government
• Manufacturing
• Retail and E-Commerce
• Media and entertainment
• Others

The Hyperconnectivity Market –Regional Analysis
North America dominated the global Hyperconnectivity Market, the region's developed economies are capable of making sizeable investments in R&D projects. Connected devices, the corresponding network infrastructure, and the growing cooperation between network, software, and hardware vendors are the main forces behind the market growth in the North American region.

The Hyperconnectivity Market – Key Market players
Global key players of Hyperconnectivity Market include Oracle Corporation, Orange IT Solutions, Fujitsu Limited, International Business Machines Corporation, PathPartner Technology, Avaya, Iberdrola SA, Extreme Networks, Microsoft Corporation, and others.

Report scope
Global Hyperconnectivity Market: Historical Years- 2018-2021
Global Hyperconnectivity Market: Forecast Years- 2022-2030
Global Hyperconnectivity Market 2022- USD 30.4 billion
Global Hyperconnectivity Market 2030- USD 200 billion
Global Hyperconnectivity Market CAGR- 20.7%

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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