IoT Cloud Platform Market 2017 - 2025 | Amazon Web Services, Inc., PTC, Salesforce.Com
The rising rate of adoption of smart devices is one of the important reasons, owing to which the global market for IoT cloud platform is expected to witness strong growth in the next few years. In addition, the easy deployment and cost-effective cloud data storage are anticipated to accelerate the growth of the overall market. According to these factors, the global IoT cloud platform market is likely to register a progressive growth rate in the near future.
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Global IoT Cloud Platform Market: Drivers and Restraints
The rising adoption of intelligent and connected devices and the increased operational efficiency are some of the vital aspects expected to encourage the growth of the global IoT cloud platform market in the near future. In addition, the cost-effective and the easy deployment cloud data storage and the evolution of high-speed networking technologies are likely to accelerate the growth of the global market in the next few years.
On the flip side, the absence of IoT technology skills and the absence of uniform IoT standards are anticipated to restrict the growth of the global IoT cloud platform market in the forecast period. The lack of privacy, data security, data management are estimated to hamper the growth of the overall market in the next few years. Nevertheless, the rising adoption of IoT in medium and small businesses and the growing demand for system integrators are predicted to accelerate the growth of the global market in the near future.
Global IoT Cloud Platform Market: Region-wise Outlook
The global market for IoT cloud platform market has been classified into four segments on the basis of geography. According to the research study, North America is anticipated to lead the global IoT cloud platform market and account for a key share of the overall market in the next few years. The robust growth of this region can be attributed to the high level of adoption by several industries and technological developments are some of the key factors anticipated to accelerate the growth of the IoT cloud platform market in North America.
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On the contrary, Asia Pacific is anticipated to register a high growth rate in the forecast period. The significant contribution from India, China, and Singapore and the rising popularity for smart cities in emerging economies are some of the key factors likely to supplement the growth of the Asia Pacific market in the next few years. In addition, a substantial rise in the industrial automation in this region is likely to propel IoT cloud platform market in Asia Pacific.
Key Players Mentioned in the Research Report are:
Some of the key players operating in the IoT cloud platform market across the globe are Microsoft Corporation, Amazon Web Services, Inc., PTC, Salesforce.Com, Google Inc., International Business Machines Corporation, Samsung Electronics Co. Ltd., General Electric, SAP SE, and Teli. The increasing number of players expected to enter the global market is estimated to strengthen the competitive analysis throughout the forecast period.
The research study offers a detailed analysis of the global IoT cloud platform market, providing information related to the product portfolio, financial overview, and the SWOT analysis. In addition, the business strategies and policies and the marketing tactics that are being used by the leading players have been discussed at length throughout the forecast period. In addition, technological advancements and innovations are expected to accelerate the growth of the overall market in the global IoT cloud platform market.
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