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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