New York, NY -- (SBWire) -- 01/26/2019 --An IoT platform means cloud-based and on premise software packages and related services that enable and support sophisticated IoT services. Speak specifically, An IoT platform combines several software functions into one solution to enable companies to develop and deploy Internet of Things solutions faster, better and cheaper.
The major forces driving the IoT market are development of cheaper and smarter sensors, evolution of high speed networking technologies, and rising adoption of cloud platforms across industry verticals. Furthermore, increasing penetration of connected devices has unleashed the growth potential through predictive maintenance, security, and analytics which is expected to drive the market during the forecast period.
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The decrease in the cost per CPU memory and storage makes the collection of big data and subsequent analytics possible. Devices such as sensors have proliferated, without which IoT opportunities cannot be realized. The decreasing cost of megabytes increases the amount of money available for investment in large processing systems. Cloud and big data offer elastic repositories for storing and analyzing the onslaught of data. The convergence of information technology and operational technology are coming together to create a new revolution.The Internet world is colliding with the industrial world to create unprecedented opportunities.
In 2018, the global IoT Cloud Platforms market size was 1570 million US$ and it is expected to reach 9560 million US$ by the end of 2025, with a CAGR of 25.3% during 2019-2025.
This report focuses on the global IoT Cloud Platforms status, future forecast, growth opportunity, key market and key players. The study objectives are to present the IoT Cloud Platforms development in United States, Europe and China.
The key players covered in this study
PTC (ThingWorx)
Cisco (Jasper)
Microsoft
Google
IBM
Intel Corporation
SAP
Oracle Integrated Cloud
AT&T
Fujitsu
Amazon
HPE
Telit
General Electric (Predix)
Gemalto
Exosite
...
Market segment by Type, the product can be split into
Software
Service
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Market segment by Application, split into
Smart Home & Wearables
Smart Energy
Smart Security
Manufacturing
Transportation & Logistics
Healthcare
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze and study the global IoT Cloud Platforms capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);
Focuses on the key IoT Cloud Platforms manufacturers, to study the capacity, production, value, market share and development plans in future.
Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of IoT Cloud Platforms are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders
IoT Cloud Platforms Manufacturers
IoT Cloud Platforms Distributors/Traders/Wholesalers
IoT Cloud Platforms Subcomponent Manufacturers
Industry Association
Downstream Vendors
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