Pune, India -- (SBWIRE) -- 11/08/2018 -- Internet of things (IoT) is a rapidly growing and most adapted technology which makes our world as connected as possible. It establishes advanced connectivity amongst the devices, systems and people to automate every possible area. Environmental monitoring, infrastructure management, industrial applications, healthcare systems, home automation are a few sectors where IoT is being extensively used. IoT systems need IoT platform, which is a support software for connectivity. IoT platforms help to connect hardware, handle different communication protocols, provide security and authentication for devices and users, collect, visualize, and analyze data and integrate with other web services.

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Top Players Are: Amazon Web Services, Google Inc., International Business Machines Corporation (IBM), Microsoft Corporation, Salesforce.com. Inc., General Electric, PTC, SAP SE, Telit, Scinan IoT, Samsung, amongst others.

IoT cloud platform is a platform offered by a service provider as a hosted service which enables the deployment of software applications without the cost and complexity of acquiring and managing the underlying hardware and software. The increasing use of IoT devices in healthcare sector is driving the market. The usage of a number of IoT healthcare devices, which include real time oximeter, smart watches, glucometer and pace-maker have risen significantly. The increased use of these devices is accelerating the growth of IoT cloud platform market. However, cases of confidential data leakage and lack of knowledge about these platforms has hampered the progress of this market.
On the basis of geography, North America region occupies the largest market in terms of consumption and demand for the market globally. The technically advanced region, United States has been implementing connected and intelligent devices. The increasing amount of smart phone usage and technological innovations is driving the growth of IoT cloud platform in this region. Applications such as smart city hold a major market share in United States as smart connected devices are widely adopted for public places regulation, traffic control and weather monitoring systems. The U.S. dominates the IoT cloud platform market in North America.

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Device Management Type is Likely to Dominate the IoT Cloud Platform Market
The device management type is dominating the market. Device management grants permissions, organizes devices into groups, monitors and troubleshoots device functionality, and send remote updates to devices. The rising adoption of IoT cloud platforms in small and medium businesses has led to an increased demand for the device management segment.
The Region of North America is dominating the IoT Cloud Platform Market Due to The Availability of Major Cloud Service Providers in The Region.
Major cloud service providers such as Amazon, Google, Fujitsu, Microsoft, IBM and others are located in North America. Their presence is keeping the region ahead of others in terms of technology and innovative offerings. The emergence of small and medium business has also facilitated the growth of IoT cloud platform market in this region.
Consolidated Market for IoT Cloud Platform with a Few Players Holding Majority Market Share
Some of the primary participants in global IoT cloud platform market are Amazon Web Services, Google Inc., International Business Machines Corporation (IBM), Microsoft Corporation, Salesforce.com Inc., General Electric, PTC, SAP SE, Telit, Scinan IoT, Samsung amongst others. In February 2018, Google Inc. released its Cloud IoT Core Platform, which is a fully managed service for connecting, managing and ingesting data from IoT devices. Once the data has been ingested, users can use Cloud IoT Core to push data to Google's cloud databases, analytics tools, serverless platform and machine learning services.
IoT Cloud Platform Market – By Type
Device Management
Connectivity Management
Application Enablement
IoT Cloud Platform Market – By Application
Home Automation
Wearable Technology
Smart City
Industrial Automation
Connected Transportation
Healthcare
Smart Retail
Smart Agriculture
Connected Logistics
Others
Market By Region
North America
U.S.
Rest of North America
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Southeast Asia
Rest of Asia Pacific
Middle East and Africa
GCC Countries
Southern Africa
Rest of Middle East and Africa
Latin America
Brazil
Rest of Latin America