Press release
IoT Cloud Platforms Market: Competitive Dynamics & Global Outlook 2025
This report focuses on the key global IoT Cloud Platforms players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the IoT Cloud Platforms with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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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.
The major forces driving the IoT market are development of cheaper and smarter sensors, evolution of high speed networking technologies, and rising adoption of cloud platforms across industry verticals. Furthermore, increasing penetration of connected devices has unleashed the growth potential through predictive maintenance, security, and analytics which is expected to drive the market during the forecast period.
The decrease in the cost per CPU memory and storage makes the collection of big data and subsequent analytics possible. Devices such as sensors have proliferated, without which IoT opportunities cannot be realized. The decreasing cost of megabytes increases the amount of money available for investment in large processing systems. Cloud and big data offer elastic repositories for storing and analyzing the onslaught of data. The convergence of information technology and operational technology are coming together to create a new revolution.The Internet world is colliding with the industrial world to create unprecedented opportunities.
In 2018, the global IoT Cloud Platforms market size was 1570 million US$ and it is expected to reach 9560 million US$ by the end of 2025, with a CAGR of 25.3% during 2019-2025.
Market Segment by Manufacturers, this report covers
PTC (ThingWorx)
Cisco (Jasper)
Microsoft
IBM
Intel Corporation
SAP
Oracle Integrated Cloud
AT&T
Fujitsu
Amazon
HPE
Telit
General Electric (Predix)
Gemalto
Exosite
Zebra Technologies
Ayla Networks
Xively
Aeris
Particle
relayr
Bosch Software Innovations
Teezle
Market Segment by Type, covers
Software
Service
Market Segment by Applications, can be divided into
Smart Home & Wearables
Smart Energy
Smart Security
Manufacturing
Transportation & Logistics
Healthcare
Others
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Related Information:
North America IoT Cloud Platforms Market Growth 2019-2024
United States IoT Cloud Platforms Market Growth 2019-2024
Asia-Pacific IoT Cloud Platforms Market Growth 2019-2024
Europe IoT Cloud Platforms Market Growth 2019-2024
EMEA IoT Cloud Platforms Market Growth 2019-2024
Global IoT Cloud Platforms Market Growth 2019-2024
China IoT Cloud Platforms Market Growth 2019-2024
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