New report published by Data Bridge Market Research Which offers insights on the “Global IoT Platform Market”. The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, restraints, current trends of the past and present times, supervisory scenario, and technological growth. A thorough analysis of these elements has been accepted for defining the future growth prospects of the Global IoT Platform Market. This research report helps provide insights into innovations, opportunities and new development in the IoT Platform and its connected industries. It includes vital trends and dynamics of the market at regional level for the given forecast period. “IoT Platform “is a practice that helps organizations to improve performance by analyzing existing organizations’ problems and developing improvement plans. Organizations can leverage the services of management consultants for a variety of reasons, including external (and perhaps objective) advice and access to consultant expertise.
The Global IoT Platform Market was valued at USD 1,640.4 million in 2017 and is expected to reach USD 6,010.0 million in 2025, growing at a healthy CAGR of 27.6% for the forecast period of 2018 to 2025.
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Key players/Competitors Profiled in this report are:
IBM, Microsoft, Amazon Web Services, Samsung Electronics, Sap, GE, Google, Davra, PTC, AT&T, Relayr, Bosch Software Innovations, Ericsson, Sierra Wireless, Wind River, Axiros, Hewlett Packard Enterprise, Accenture, Apple, Salesforce, Huawei Technologies, Atos and others
A bird’s eye view of the IoT Platform Industry made available in the report helps readers to understand the key drivers, restraints, challenges, and opportunities that are shaping the IoT Platform market. Furthermore, the report evaluates challenges experienced from buyers and sellers side.
For a pervasive understanding of the market, business strategies and latest developments of the vital players accompanied with co-development deals and market size have also been enclosed. Briefly citing, their revenue share, contact information and meticulous SWOT analysis is available. The regions which have been studied in depth are North America, Europe, Asia Pacific, Middle East & Africa and Latin America. This helps gain better idea about the spread of this particular market in respective regions.
The report takes a close and analytical look at the various companies that strive for a higher share of the IoT Platform Market. Data on the leading and fastest-growing segments along with what drives them has been given.
This report implements a balanced mix of primary and secondary research methodologies for its analysis. The market is segmented on the basis of key criteria.
Major market drivers and restraints: Global IoT Platform Market
- 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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Market Segmentation: Global IoT Platform Market
- Home Automation
- Wearable Technology
- Smart City
- Industrial Automation
- Connected Transportation
- Smart Retail
- Smart Agriculture
- Connected Logistics
- Asia Pacific (China, South Korea, Japan, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific).
- North America (US, Canada, Mexico).
- Europe (Russia, Turkey, Belgium, Netherlands, Switzerland, Spain, France, Germany, Italy, UK, Rest of Europe.
- South America (Brazil, Argentina, Rest of South America).
- Middle East and Africa (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East and Africa).
- Device Management
- Connectivity Management
- Application Enablement
- Small & Medium Enterprise
- Large Enterprise
- Professional Services
- Training & Consulting
- Integration Services
- Support & Maintenance
- Managed Services
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Industry Recent Developments
- The IoT platforms provide middleware to connect, manage devices and integrate collected data into various applications and services.
- 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.
- Google acquired Xively Internet of Things (IoT) platform of LogMeIn, Inc. which aimed at provides Google Cloud with established IoT platform.
The report offers advice from key industry experts on how these challenges can be overcome. A major chunk of the report talks about the technologies that are and will influence the growth of the IOT Platform Market. Forecasts for these technology sectors are presented in the report. Companies that offers the latest integrated technologies at an affordable cost are expected to thrive in the market.
The dominating Factors in the market along with the upcoming technologies that are expected to revolutionize the market are explained in the report.
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