Data Bridge Market Research always aims at offering their clients an in-depth analysis and the best research material of the Global Market. This new report on the Global IoT platform Market is committed to fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this IoT platform Market report is collected by research and industry experts.
Global IoT platform Market report covers scope and product overview to define the key terms and offers detailed information about market dynamics to the readers. This is followed by the regional outlook and segmental analysis. The report also consists of the facts and key values of the Global IoT platform Market in terms of sales and volume, revenue and its growth rate.
Market Analysis: Global IoT platform Market
According to the report, global demand for IoT Platform market was valued at approximately USD 1,640.4 million in 2017 and expected to reach USD 6,010.0 million in 2025 with growing at a healthy CAGR of 27.6%.
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Benefits of the report for Global IoT platform Market
- What are the challenges being faced by the new entrants In Information and Communication Technology Industry
- Drivers and restrains of the IoT platform market
- Key developments in the IoT platform market
- IoT platform Market volume
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
Competitive Analysis and Key Point: Global IoT platform Market
The global IoT platform market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Competitors/Players: Global IoT platform Market
IBM Corporation, Microsoft Corporation, Amazon Web Service, Samsung, Sap SE, GE, Google, Davra Networks, PTC, Telit Communications PLC, Gemalto, Alcatel-Lucent, Mnubo Inc., Zebra Technologies, AT&T Inc., Carriots, Comarch, Xively, Aeris Communications, Exositez, Ayla Networks, Relayr, Software AG, Bosch Software Innovations, Teezle Telematics India Pvt. Ltd., Ericsson, Sierra Wireless, SORACOM Inc., Wind River, Magneto IT Solutions, and many more.
Recent developments: Global IoT platform Market
Recently, in June 2018, SORACOM Inc., a provider of cloud-native platform for the IoT entered into a strategic partnership with Mnubo Inc., a data analytics and Artificial Intelligence (AI) for IoT Company for offering IoT solutions for global enterprises. This association helped IoT companies to have scalable and flexible IoT solution within less time to have actionable business use cases.
This market research analysis identifies the large-scale benefits of using Internet of Things (IoT) devices as one of the primary growth factors that will drive the growth of the IoT platform market during the next few years. IoT integrates technologies such as data communication, data storage, hardware design, and mining and is the latest trend in the global technology arena. Due of its potential applications and numerous advantages including high convenience, improved decision-making, improved handling of emergencies, cost benefits, improved quality of life, remote access, and improvements in safety and security, several organizations, industries, and technologists are adopting IoT since it empowers the end-user to make informed decisions.
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- Home Automation
- Wearable Technology
- Smart City
- Industrial Automation
- Connected Transportation
- Smart Retail
- Smart Agriculture
- Connected Logistics
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of South America
Middle East & Africa
- South Africa
- Rest of MEA
- Device Management
- Connectivity Management
- Application Enablement
- Small & Medium Enterprise
- Large Enterprise
- Professional Services
- Training & Consulting
- Integration Services
- Support & Maintenance
- Managed Services
Major market drivers and restraints
- Demand for better connectivity
- Growing diversity in IoT standards
- Threat of cyber-attacks reduces market spirit
- Implementation of IoT platform leads to loss of jobs for unskilled employees
- Industrial internet revolution
- Investments in IoT start-ups
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