The global IoT platform market is highly fragmented and the major players have used various strategies such as new product launches, expansions etc, and market growing at a healthy CAGR of 27.6%.
Pune, India -- (SBWIRE) -- 08/17/2018 -- Data bridge market research analysts have predicted current market scenario and future growth prospects of the global IoT Platform market. In addition, the IoT Platform market discusses the major drivers that influence business growth and challenges faced by competitors as well as the key trends that are emerging in the market. Global IoT Platform Market encompasses a wide range of factors that will prove crucial to our clients and presents them with actionable insights.
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 –
Amazon Web Service
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.
- Home Automation
- Wearable Technology
- Smart City
- Industrial Automation
- Connected Transportation
- Smart Retail
- Smart Agriculture
- Connected Logistics
- Device Management
- Connectivity Management
- Application Enablement
- Small & Medium Enterprise
- Large Enterprise
- Professional Services
- Training & Consulting
- Integration Services
- Support & Maintenance
- Managed Services
- 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
- Industrial internet revolution
- Investments in IoT start-ups
- Threat of cyber-attacks reduces market spirit
- Implementation of IoT platform leads to loss of jobs for unskilled employees
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
- 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
- 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
- Comprehensive information about factors that will challenge the growth of IoT Platform manufacturers
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