IoT Platforms Market to register high demand rate Worldwide: Top manufacturers, challenges and Drivers by 2023

Worldwide Market Reports has announced the addition of the “Global IoT Platforms Market by Manufacturers, Countries, Type and Application, Forecast to 2023”, The report classifies the Global IoT Platforms Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

An IoT platform means cloud-based and on premise software packages and related services that enable and support sophisticated IoT services. Speak specifically, An IoT platform combines several software functions into one solution to enable companies to develop and deploy Internet of Things solutions faster, better and cheaper.

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Scope of the Report:

This report studies the IoT Platforms market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the IoT Platforms market by product type and applications/end industries.

PTC (ThingWorx), Cisco (Jasper) and Microsoft captured the top three revenue share spots in the IoT Platforms market in 2016. PTC (ThingWorx) dominated with 7.92% revenue share, followed by Cisco (Jasper) with 7.44% revenue share and Microsoft with 4.77% revenue share.

Despite the presence of competition problems, due to the clear global recovery trend, investors are still optimistic about this area, increasingly complex IoT solutions require more advanced communication platforms and middleware that facilitate seamless integration of devices, networks and applications. There is a wide range of software platforms developed for the purpose of supporting and enabling IoT solutions. The intention is to enable rapid development and lower costs by offering standardised components that can be shared across multiple solutions in many industry verticals, in future still more new investment will enter into the field. Technology and cost are two major problems.

The global IoT Platforms market is valued at 1340 million USD in 2017 and is expected to reach 6110 million USD by the end of 2023, growing at a CAGR of 28.8% between 2017 and 2023.

The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of IoT Platforms.

Market Segment by Companies, this report covers

PTC (ThingWorx)
Cisco (Jasper)
Microsoft
Google
IBM
Intel
SAP
Oracle
Amazon
Telit
General Electric
Gemalto
Zebra Technologies
AT&T
Xively (LogMeIn)
Aeris
Exosite
Particle
Ayla Networks
relayr
Bosch Software Innovations
Teezle

Market Segment by Regions, regional analysis covers

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers

Consumer IoT
Business IoT

Market Segment by Applications, can be divided into

Home Automation
Wearable Technology
Smart City
Industrial Automation
Connected Transportation
Healthcare
Others

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Table of Contents

1 IoT Platforms Market Overview
2 Manufacturers Profiles
3 Global IoT Platforms Market Competition, by Players
4 Global IoT Platforms Market Size by Regions
5 North America IoT Platforms Revenue by Countries
6 Europe IoT Platforms Revenue by Countries
7 Asia-Pacific IoT Platforms Revenue by Countries
8 South America IoT Platforms Revenue by Countries
9 Middle East and Africa Revenue IoT Platforms by Countries
10 Global IoT Platforms Market Segment by Type
11 Global IoT Platforms Market Segment by Application
12 Global IoT Platforms Market Size Forecast (2018-2023)

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This release was published on openPR.