Boston, MA -- (SBWIRE) -- 06/21/2017 -- IoT is a network of physical devices, machines, and sensors integrated into everyday objects connected to the Internet for effective data communications. It creates smart communication environments such as shopping, smart homes, transportation, and healthcare. IoT enhances operational efficiency by increasing the speed of communications over the existing infrastructure and, in turn, improves business productivity in any industrial setup. We expect IoT to have a positive impact on industries such as healthcare, manufacturing, retail, energy and utility, transportation and logistics, and information and communications technology (ICT).

Technavio's analysts forecast the global IoT Platform market to grow at a CAGR of 31.79% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global IoT platform market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of IoT subscriptions to clients by IoT platform vendors and excludes aftermarket services market.

Get More Details on this Report and a Full Table of Contents at Global IoT Platform Market 2017-2021

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global IoT Platform Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-Alcatel-Lucent (Nokia)
-Amazon Web Services (AWS)
-AT&T
-Cisco Systems
-Microsoft Corporation

Other prominent vendors

-Axiros
-Accenture
-Apple
-Atos
-Bosch (Bosch Software Innovations)
-Echelon
-Oracle

Market driver

-Large-scale benefits of using IoT devices driving IoT platform market
-For a full, detailed list, view our report

Market challenge

-Growing privacy and security concerns
-For a full, detailed list, view our report

Market trend

-Development of an open Wi-Fi network
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2021 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Alcatel-Lucent (Nokia), Amazon Web Services (AWS), AT&T, Cisco Systems, Microsoft Corporation, Axiros, Accenture, Apple, Atos, Bosch (Bosch Software Innovations), Echelon, Oracle

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