Press release
Global IoT Platform Market Will Value USD 6,010.0 millionby 2025 - Sap, GE, Google, AT&T, Relayr, Carriots IOT (Internet of things), Comarch, Xively, Exosite, Gemalto, Alcatel-Lucent, Bosch, IBM, Microsoft, Amazon Web Services, Samsung Electronics
Global IoT Platform Market
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.
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The research covers the current market size of the Global IoT Platform market and its growth rates based on 5 year history data. It also covers various types of segmentation such as Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa), 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)
Major key players Mentioned in the global IoT platform market are
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, Gemalto, Alcatel-Lucent, Mnubo Inc., Zebra Technologies, AT&T Inc., Carriots, Comarch, Xively, Aeris Communications, Exositez, Ayla Networks, Relayr, Software AG, Bosch Software Innovations, Teezle Telematics India Pvt. Ltd., Ericsson, Sierra Wireless, SORACOM Inc., Wind River, Magneto IT Solutions, and many more.
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Recently, in June 2018, SORACOM Inc., a provider of cloud-native platform for the IoT entered into a strategic partnership with Mnubo Inc., a data analytics and Artificial Intelligence (AI) for IoT Company for offering IoT solutions for global enterprises. This association helped IoT companies to have scalable and flexible IoT solution within less time to have actionable business use cases.
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.
Major market drivers and restraints
Growing diversity in IoT standards
Threat of cyber-attacks reduces market spirit
Implementation of IoT platform leads to loss of jobs for unskilled employees
Industrial internet revolution
Demand for better connectivity
Investments in IoT start-ups
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Market Segmentation of Global IoT Platform Market is
By Deployment
Public
Private
Hybrid
By Platform
Device Management
Connectivity Management
Application Ennoblement
By Service
Professional Services
Training & Consulting
Integration Services
Support & Maintenance
Managed Services
Organization Size
Small & Medium Enterprise
Large Enterprise
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
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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