Data Bridge Market Research

IoT Platform Market Strongly Growing at Healthy CAGR of 27.6% by Rising Global Demand as Per Professional Survey and in-Depth Analysis During 2018-2025

Global IoT Platform Market was valued at USD 1,640.4 million in 2017 and is expected to reach USD 6,010.0 million in 2025, growing at a healthy CAGR of 27.6% for the forecast period of 2018 to 2025

 

Pune, India -- (SBWIRE) -- 07/25/2018 -- Global IoT Platform Market, By Platform(Device Management, Connectivity Management, Application Enablement), Service (Professional Services, Training & Consulting, Integration Services, Support & Maintenance, Managed Services), Application (Home Automation, Wearable Technology, Smart City, Industrial Automation, Connected Transportation, Healthcare, Smart Retail, Smart Agriculture, Connected Logistics, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025

Global Market Analysis

The Global IoT Platform Market was valued at USD 1,640.4 million in 2017 and is expected to reach USD 6,010.0 million in 2025, growing at a healthy CAGR of 27.6% for the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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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


Market Segmentation

By Deployment


- Public

- Private

- Hybrid


By Platform


- Device Management

- Connectivity Management

- Application Enablement


Organization Size


- Small & Medium Enterprise

- Large Enterprise


By Service


- Professional Services

- Training & Consulting

- Integration Services

- Support & Maintenance

- Managed Services


By Application


- Home Automation

- Wearable Technology

- Smart City

- Industrial Automation

- Connected Transportation

- Healthcare

- Smart Retail

- Smart Agriculture

- Connected Logistics


By Geography

North America


- US

- Canada,

- Mexico


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Europe


- Germany

- France

- United Kingdom

- Italy

- Spain

- Russia

- Turkey

- Belgium

- Netherlands

- Switzerland

- Rest of Europe


Asia-Pacific


- Japan

- China

- South Korea

- India

- Australia

- Singapore

- Thailand

- Malaysia

- Indonesia

- Philippines

- Rest of Asia-Pacific


South America


- Brazil

- Rest of South America


Middle East & Africa


- South Africa

- Rest of MEA


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Competitive Landscape

The global IoT platform market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Top Competitors of Market


- IBM Corporation

- Microsoft Corporation

- Amazon Web Service

- com, Inc.

- Samsung

- Sap SE


The other players in the market are General Electric, Google, Inc., Davra Networks, PTC, Telit Communications PLC, xositez, Ayla Networks, Relayr, Software AG, Bosch Software Innovations, Teezle Telematics India Pvt. Ltd., Ericsson, Gemalto, Alcatel-Lucent, Mnubo Inc., Zebra Technologies, AT&T Inc., Carriots, Comarch, Xively, Aeris Communications, Sierra Wireless, SORACOM Inc., Wind River, Magneto IT Solutions, and many more.

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