IoT Platform market report covered Current and future trends of global IoT Platform market. This report describes the development of IoT Platform industry by upstream & downstream, business overview, growth opportunities, key companies as well as market segment & Future prospects details for business development. This report analyzes the market outlook and provides a list of key companies, drivers, and challenges that are anticipated to impact the global market and its stakeholders over the forecast years.
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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The IoT Platform market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, markett initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of IoT Platform market for global, Europe, North America, Asia Pacific and South America.
The key players operating in the global IoT platform market are –
- IBM Corporation
- Microsoft Corporation
- Amazon Web Service
- com, Inc.
- Sap SE
The other players in the market are General Electric, Google, Inc., 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.
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.
- Device Management
- Connectivity Management
- Application Enablement
- Small & Medium Enterprise
- Large Enterprise
- Professional Services
- Training & Consulting
- Integration Services
- Support & Maintenance
- Managed Services
- 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
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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
Scope of Report:
- CAGR of the market during the forecast period 2018-2025
- Detailed information on factors that will accelerate the growth of the IoT Platform market in upcoming years
- Precise estimation of the global IoT Platform market size, share and its contribution to the Global IoT Platform market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the IoT Platform industry across various geographies such as the North America Europe, Asia-Pacific, South America and Middle East & Africa.
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive information about factors that will challenge the growth of IoT Platform manufacturers
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