The study highlights that the IoT connectivity management platform (CMP) market is undergoing a transformation in response to declining average revenue per unit (ARPU) for services, leading suppliers to reevaluate product and pricing strategies.
Berg Insight forecasts annual IoT CMP revenues are expected to grow by 12% annually, from $1 billion in 2024 to $1.8 billion in 2029, marking a strong recovery trend.
Emerging trends such as connectivity management orchestration (CMO) platforms are expected to modify the landscape, allowing new products to leverage existing IoT CMPs through APIs, enhancing market flexibility.
The report notes that IoT CMPs can help mobile operators capitalize on their 5G infrastructure to drive enterprise market revenue, suggesting a strategic pivot to boost profitability.
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