IOT Platform Market 2019 Global Key Strategies by Leading Key Leaders: PTC, Amazon, Microsoft, Google, Cisco Systems,General Electric, IBM, Wipro

Market Highlights:

IOT Platform is a medium between the applications and services which are connected with the real world. Growing industry and global market of IOT has generated a huge amount of revenue for the companies which are operating in this segment and every service or system which is being connected with IOT needs to have a stable and secure platform. IOT Platform is an option to the companies to get connected with the source of knowledge without having any difficulty. Growing the size of Database and the need of access to the right data in the fraction of time is possible with IOT. Global IOT Platform Market has been growing rapidly and this market is seeing tremendous opportunities in the upcoming future as the size of the data is increasing continuously. This market is expected to grow at CAGR of ~33% and will rise to the market size of US ~$1799 million by the end of forecast period.

One of the major trends that will gain traction in the IoT platform market is the industrial Internet revolution. Industrial Internet of Things (IIoT) is a combination of big data analytics and IoT that offers numerous opportunities across numerous industrial sector such as agriculture, healthcare, manufacturing, mining, oil and gas, and transportation. To promote adoption of digitalization within industries, large companies and the governments of numerous countries across the globe have already adopted several industrial Internet initiatives.

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Major Key Players

• PTC (U.S.),
• Amazon (U.S.),
• Microsoft (U.S.),
• Google (U.S.),
• Davra Networks (Ireland),
• Cisco Systems, Inc. (U.S.),
• SAP SE (Germany),
• General Electric (U.S.),
• AT&T (U.S.),
• Huawei Technologies Co. Ltd. (U.S.),
• IBM (U.S.),
• Wipro (U.S.)
According to MRFR, This IOT Platform Market is expected to grow at CAGR of ~33% and will rise to the market size of US ~$1799 million by the end of forecast period.

Competitive Analysis
The Market of IoT Platform appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.

Regional Analysis
North America is dominating the Global IoT Platform Market with the largest market share and therefore accounting for astronomical amounts and is expected to grow over its previous growth records by 2022. Due to presence of high number of IoT solution providers and rising adoption of innovative technologies. However, it is anticipated that the market in Europe will exhibit higher growth rate compared to the North America market in the near future. Further, the growing adoption of digitalization in developing countries such as Australia, China, and Japan, Asia Pacific market is intended to show an impressive growth in the coming years. Asia-Pacific has emerged as fastest growing market and expected to be the second biggest market by the end of forecast period. In addition, countries such as Argentina and Brazil are aiding the Latin America market to expand. The increasing rate of IoT adoption over the oil and gas industry and throughout the government sector is most likely to help the Middle East and Africa sector grow.

Segmentation
The IOT platform industry worldwide has been categorized on the basis of deployment, platform, end users and application. The IOT platform segment has been defined into infrastructure as a service and software platform and connectivity. The deployment category contains on premise, on cloud and hybrid while the application category has been categorized into database management, device management, processing and analytics among others. The end users have been segmented into BFSI, manufacturing, smart cities & homes, it and telecommunication among others.

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Intended Audience:
• Software Companies
• Data Storage Companies
• Data Storage Service Providers
• Cloud Service Providers
• Cloud Service Management Services
• Software Companies

LIST OF TABLES

TABLE 1 GLOBAL IOT PLATFORM MARKET, BY DEPLOYMENT
TABLE 2 GLOBAL IOT PLATFORM MARKET, BY APPLICATION
TABLE 3 GLOBAL IOT PLATFORM MARKET, BY END USERS
TABLE 4 GLOBAL IOT PLATFORM MARKET, BY REGIONS
TABLE 5 NORTH AMERICA IOT PLATFORM MARKET, BY COUNTRY
TABLE 6 NORTH AMERICA IOT PLATFORM MARKET, BY DEPLOYMENT
TABLE 7 NORTH AMERICA IOT PLATFORM MARKET, BY APPLICATIONS
TABLE 8 NORTH AMERICA IOT PLATFORM MARKET, BY END USERS
TABLE 9 U.S. IOT PLATFORM MARKET, BY DEPLOYMENT
Continued…

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This release was published on openPR.