Hyperconnectivity Market Size & Share, by Component (Solutions, Services); Product; Organization Size; Industry Vertical - Global Supply & Demand Analysis, Growth Forecasts, Statistical Report 2025-2037

  • Report ID: 6420
  • Published Date: Sep 12, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Hyperconnectivity Market size is evaluated at USD 503.8 billion in 2024 and is expected to reach USD 6611.2 billion by the end of 2037, witnessing around 21.9% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of hyperconnectivity is estimated at USD 614.1 billion.

 Advancements in interconnected devices such as the integration of the Internet of Things (IoT), artificial intelligence (AI), machine learning (ML), and cloud computing are positively influencing market growth. The rise in remote jobs, the growing popularity of live streaming platforms, and innovations in wearable electronics are also augmenting the sales of hyperconnectivity solutions.

Social media platforms are gaining widespread popularity across the globe and are becoming a key channel for communication, interaction, and storage of data. All social media platforms are connected through hyperconnectivity enabling real-time access to any happenings.  For instance, according to a report published by the National Center for Biotechnology Information, currently, there are over 3.6 billion social media users and this number is expected to reach 4.4 billion by 2025, globally. After Facebook, YouTube is the second most actively used social media platform across the world with more than 2562 million users. 


Hyperconnectivity Market Overview
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Hyperconnectivity Sector: Growth Drivers and Challenges

Growth Drivers

  • Rise of hyperconnected urban freight networks: Road freight transport remains one of the top GHG pollutant sectors, after aviation and maritime shipping. Reducing the carbon emissions associated with these industry verticals continues to be a major challenge. The EU has had some relative success in decoupling freight and transportation carbon byproducts from economic growth, but it is still responsible for more than a quarter of overall emissions. Hyperconnectivity in urban logistics offers a higher involvement of local actors that can provide more sustainable and denser networks, enabling powerful improvements in the supply chain.

    Hyperconnected supply chains directly influence the flow of goods - both from the source company and its customers. For its shareholders including suppliers, OEM, dealers, and customers, it offers massive opportunities for topline growth by faster customer acquisition and retention, while minimizing operational cost and facilitating seamless supply chain operations (transport, warehousing, sourcing, and planning). The TCS Hyperconnected Supply Chain employs telemetry, which facilitates quicker substitute detection and reduced lead time. This procurement solution delivers on the promise of a resilient hyperconnected workbench for detecting legitimate stocks, price fluctuation checks, gathering counterfeit avoidance certificates, and intercepting volatile inventory for pre-empting stocking.

    Furthermore, the EU-funded CLUSTERS 2.0 project is a benchmark of government initiatives for developing low-capital goods handling and transhipment solutions, which has laid the groundwork for the EU’s sustainable transportation strategy to shift to 50% railway by 2050. It is a hyperconnected open network of freight clusters and links hubs’ functions via the internet. It falls under the umbrella of The EU’s Trans-European Transport Network (TEN-T) policy that addresses the robust development of a Europe-wide network of railway lines, inland waterways, roads, maritime shipping routes, airports, ports, and railroad terminals for logistics-related activities.
  • Expanding smart cities and infrastructure development projects: Smart cities and infrastructure development projects are anticipated to offer lucrative opportunities for hyperconnectivity solution producers. Such projects employ advanced technologies to enhance urban living conditions, improve public services, and optimize resource management. Smart roads, bridges, and public transport systems are equipped with advanced sensors and connectivity. Hyperconnectivity enables the seamless integration of data from various sources such as traffic cameras and public databases, aiding in real-time decision-making and management. For instance, Egypt is witnessing the fourth-generation infrastructure development for projects such as international sports, district offices, bus rapid transit (BRT), and art & culture.
  • Hyperconnectivity making home smarter: Smart home trends are set to boost the demand for hyperconnectivity solutions in the coming years due to their convenience and energy efficiency. Smart home systems and devices such as home theatres, voice assistants, televisions, room heaters, AC, and more through advanced connectivity technologies. Hyperconnectivity allows the seamless automation of tasks based on user’s preference for example automation of lighting that turns on sensor detection. Hyperconnected solutions also offer real-time access to data and analytics that aid in making informed decisions about building operations.

Challenges

  • Security and privacy risks: The growing number of connected devices and systems is leading to privacy and security concerns. The interconnected nature of devices increases vulnerability risks and one affected device potentially compromises others. Connected devices and networks have a high chance to serve as entry points for several attackers.
  • High costs associated with hyperconnectivity infrastructure development: Deploying and maintaining infrastructure for hyperconnectivity including 5G networks and edge computing facilities is complex and expensive. 5G networks require dense deployment of base stations and cell towers to support high-speed and low-latency communication, which increases the overall investment costs. Also, 5G networks are more power-intensive than previous generations which again leads to high operational costs.

Hyperconnectivity Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

21.9%

Base Year Market Size (2024)

USD 503.8 billion

Forecast Year Market Size (2037)

USD 6611.2 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Hyperconnectivity Segmentation

Product (Enterprise Wearable Devices, Middleware Software, Cloud Platforms, Business Solutions)

Hyperconnected cloud platforms segment in the hyperconnectivity market is anticipated to exhibit CAGR of over 55.5% till 2037. Hyperconnected cloud platforms offer scalable and flexible transformation facilities, and the rise in remote work and distributed teamwork culture is augmenting the demand for cloud-based collaboration tools and platforms. Hyperconnected cloud solutions offer seamless communication and collaboration, essential for remote and hybrid work environments. Several organizations are also increasingly adopting digital transformation strategies to improve operational efficiency, customer engagement, and overall competitiveness. For instance, Sunlight is a UK-based start-up that offers cloud-based hyper-converged infrastructure software effective in data storage, management, and networking.

Component (Solution, Services)

Hyperconnectivity solutions segment is predicted to dominate hyperconnectivity market share of over 67.5% by 2037. The growing network of IoT devices that connect and exchange data with each other via the Internet is gaining popularity across several industries including healthcare, automotive, BFSI, telecommunications, and manufacturing. The proliferation of IoT devices is transforming industries and driving high demand for advanced hyperconnectivity software solutions. IoT devices often automate processes by triggering actions based on data inputs, hyperconnected software solutions support these automated workflows by optimizing operations and reducing manual interventions.

Our in-depth analysis of the global market includes the following segments:

Component

  • Solutions
  • Services

Product

  • Enterprise Wearable Devices
  • Middleware Software
  • Cloud Platforms
  • Business Solutions

Organization Size

  • Large Enterprises
  • SMEs

Industry Vertical

  • BFSI
  • Healthcare & Life Sciences
  • Telecommunications & IT
  • Government & Public Sector
  • Manufacturing
  • Consumer Goods & Retail
  • Media & Entertainment

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Hyperconnectivity Industry - Regional Scope

North America Market Forecast

North America hyperconnectivity market is projected to capture revenue share of around 47.5% by the end of 2037, owing to the rapid adoption of digital technologies by several end use organizations to enhance their operational efficiency. The healthcare sector in North America is witnessing swift advancements in telemedicine, remote monitoring, and IoT devices. Hyperconnectivity solutions facilitate these innovations by ensuring reliable and secure connectivity between patients, healthcare providers, and medical devices.

The U.S. hyperconnectivity market is anticipated to expand at a high CAGR from 2024 to 2037 due to the increasing adoption of wireless communication networks such as 5G and fiber optic infrastructure. Canada is witnessing the emergence of several new telehealth and IoT medical device companies, which is driving high demand for hyperconnectivity solutions.

APAC Market Statistics

By the end of 2037, Asia Pacific hyperconnectivity market is predicted to hold over 26.5% revenue share. End use organizations in the region are widely adopting IoT technologies to enhance their business operations, which is further driving the need for advanced and reliable hyperconnectivity solutions. India, China, Japan, and South Korea are high-growth marketplaces in Asia Pacific.

India is an opportunistic market for hyperconnectivity solution providers due to the rise in remote and hybrid work environments. The COVID-19 pandemic accelerated the shift toward remote and hybrid work models, hyperconnectivity offers scalability, flexibility, and efficient productivity across dispersed teams in an organization.

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Hyperconnectivity Market Share
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Companies Dominating the Hyperconnectivity Landscape

    The hyperconnectivity market is characterized by the presence of established producers and the emergence of new companies. Industry giants are adopting several organic and inorganic marketing strategies such as new product launches, collaborations & partnerships, mergers & acquisitions, and regional expansion to earn high market revenues. Collaboration with other players is expected to lead to the development of innovative hyperconnectivity solutions.

    Some of the key players include:

    • Avaya
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Extreme Networks
    • Samsung
    • International Business Machines Corporation
    • Microsoft Corporation
    • Orange IT Solutions
    • Oracle Corporation
    • PathPartner Technology
    • Broadcom Inc.
    • Fujitsu Limited
    • NTT Docomo
    • CommScope
    • NTT Communications

In the News

  • In January 2024, Samsung demonstrated its SmartThings hyperconnectivity features for business-centric displays and a new Google EDLA-certified 'WAD' interactive display at Integrated Systems Europe (ISE) 2024, Barcelona.
  • In August 2024, Nokia announced that it is selected by TM to build a dedicated international optical Dense Wavelength Division Multiplexing (DWDM) network in Malaysia. This project is set to aid in enhancing growing data traffic management and improving data center connectivity.
  • In August 2023, CommScope unveiled the SYSTIMAX Constellation, an edge-based enterprise power and data platform. It allows the development of scalable 10G with fault-managed power networks to incrementally reduce cost, space, labor, and time, thereby, lowering the overall network carbon footprint.

Author Credits:  Abhishek Verma


  • Report ID: 6420
  • Published Date: Sep 12, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The global hyperconnectivity market is estimated at USD 614.1 billion in 2025.

Expanding at a CAGR of 21.9%, the global market is expected to increase from USD 503.8 billion in 2024 to USD 6611.2 billion by 2037.

Some of the leading companies are Avaya, Microsoft Corporation, Orange IT Solutions, and Oracle Corporation.

Hyperconnectivity solutions are estimated to capture 67.5% of the global market share through 2037.

North America leads the global sales of hyperconnectivity solutions and is expected to hold 47.5% market share through 2037.
Hyperconnectivity Market Report Scope
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