Insights on Global IoT Platform Market and Forecast Assumptions Through 2025

In the past few years, the worldwide market for IoT platforms has been motivated by diminishing prices of IoT equipment and sensors. This is further boosted by the recent advancements in wireless technology as well as cloud computing. Hence, with an aim to learn about the IoT platform market in-depth, a fresh research report has been included in the vast repository of Market Research Reports Search Engine (MRRSE). This smart research study is titled “IoT Platform Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”, which focuses on the drivers, restraints, and opportunities expected to impact the market growth during the forecast period 2017-2025.

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As per key research findings, the IoT platform market was recorded at US$1,786.8 mn in 2016 and is projected to reach US$10,064.0 mn by 2025. Retaining this pace, the concerned sector is likely to register a 21.0% CAGR during the period until 2025. The study starts with an exact focus on the market definition and scope which is followed by key research objectives. Readers can gain a fair idea about the market dynamics which covers the market drivers, restraints, and opportunities. These factors are important in order to absorb the different facets prevailing in the global IoT platform market. This section also offers data about Porter’s Five Force Model, market revenue projections (US$ Mn), and ecosystem analysis.

The later section of the report highlights the market segmentation by deployment, application, industry vertical and region. Interestingly, each of these segments is evaluated on the basis of Market Size (US$ Mn) Forecast By Country, 2015 – 2025. Bifurcation of the market based on deployment, the global IoT platform sector is divided into cloud and on-premise. It is noted that the on-premise deployment segment is likely to hold the largest market share in 2017. Moreover, considering the prime applications, IoT platforms are utilized in the fields of human capital management, customer service, inventory management, supply chain management, infrastructure management, asset performance management, enterprise performance management, and security.

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The concluding portion of the report works to enlighten the readers regarding the competitive landscape for the IoT platform market. Under this section, the prime players are evaluated on the basis of their market presence, recent key developments, and market attractiveness. Some of the top players studied in the report are Microsoft Corporation, IBM Corporation, PTC Inc., Google Inc., Cisco Systems, Inc., SAP SE, Amazon Web Services, Inc., Salesforce.com, Inc. etc.

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This release was published on openPR.