Albany, NY -- (SBWIRE) -- 05/22/2017 -- 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).

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.

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

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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

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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?

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