The report highlights that the opportunity in the IoT platform market was fixed at US$1,786.8 mn in 2016 and is anticipated to reach US$10,064.0 mn by 2025. At this pace, the market is likely to register a 21.0% CAGR during the stated forecast period.
Albany, NY -- (SBWIRE) -- 08/16/2017 -- Presently, the worldwide market for IoT platforms is being propelled by diminishing prices of IoT equipment and sensors along with recent advancements in wireless technology and cloud computing. To learn about the overall IoT platform market status and development, a new study has been included in the vast repository of Market Research Reports Search Engine (MRRSE). This research report is titled "IoT Platform Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025", which discusses the holistic perspective on the market's growth on the basis of revenue (in US$ Mn) across various geographical regions.
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The report highlights that the opportunity in the IoT platform market was fixed at US$1,786.8 mn in 2016 and is anticipated to reach US$10,064.0 mn by 2025. At this pace, the market is likely to register a 21.0% CAGR during the stated forecast period. In the present time, IoT platforms find its application in human capital management, customer service, inventory management, supply chain management, infrastructure management, enterprise performance management, asset performance management, and security. To understand the market better, the report initiates with the market definition and scope. Further, it discusses the key research objectives for making it simplistic for the readers. Under market dynamics, details related to drivers, restraints, and opportunities are carefully enclosed. Considering the market analysis and forecast for the period 2015-2025, market revenue projections (US$ Mn), Porter's Five Force Model and ecosystem analysis can be accessed easily.
The next section focuses on the market bifurcation on a variety of factors. Based on different deployment options, the research study segments the IoT platform market into cloud and on-premise. Among these, the on-premise deployment segment possesses the largest market share in 2017; however, the cloud segment is projected to beat the on-premise segment till the end of forecast period. Further, in terms of industry vertical, the market is segmented into healthcare, BFSI, retail, oil and gas, manufacturing, transportation and logistics, government and defense, energy and others.
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As the report concludes, the readers can take a look at the competitive landscape for the IoT platform market, which lists all the major players according to their geographic presence, recent key developments, and market attractiveness. These market estimates have been evaluated by taking into consideration the impact of different political, social, technological, economic and legal factors merged with the current market dynamics influencing the market growth. Some of the top players included in the report are Microsoft Corporation, PTC Inc., IBM Corporation, Google Inc., Cisco Systems, Inc., SAP SE, Salesforce.com, Inc., Amazon Web Services, Inc. etc.
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