Press release
Global IoT Platforms Market is expected to reach 9960 million US$ by 2025, with a CAGR of 28.5%
This report focuses on the global IoT Platforms status, future forecast, growth opportunity, key market and key players. The study objectives are to present the IoT Platforms development in United States, Europe and China.
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.
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.
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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.
In 2017, the global IoT Platforms market size was 1340 million US$ and it is expected to reach 9960 million US$ by the end of 2025, with a CAGR of 28.5% during 2018-2025.
The key players covered in this study
PTC (ThingWorx)
Cisco (Jasper)
Microsoft
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 Type, the product can be split into
Consumer IoT
Business IoT
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Market segment by Application, split into
Home Automation
Wearable Technology
Smart City
Industrial Automation
Connected Transportation
Healthcare
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global IoT Platforms status, future forecast, growth opportunity, key market and key players.
To present the IoT Platforms development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of IoT Platforms are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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