Internet of Things (IoT) Cloud Platform Market Growth, Industry Analysis and Forecast - 2025
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There are various companies involved in IoT cloud platform market such as Amazon Web Services, Inc., Google LLC, IBM Corp., Microsoft Corp., Salesforce.com, Inc., General Electric Co., PTC Inc. and so on.
IoT cloud platform is very cost effective, which certainly increases its demand across the globe. This is one of the key driving factors which is expected to promote the growth of the market. Furthermore, as technology advances, it is expected to further increase the introduction of advanced IoT cloud platforms across the globe. This is expected to further promote the growth of the market in the near future. However, the lack of skilled manpower can derail the growth of the market in the future. Moreover, due to the risk associated with data privacy, it is expected to create challenges for the adoption of IoT cloud platform.
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Geographically, the market is divided into North America, Europe, Asia-Pacific and Rest of the World. North America is expected to dominate the market in the near future owing to the presence of numerous market players in the region.
Furthermore, numerous automotive companies are implementing IoT concept in their vehicles, this is expected to create significant opportunities for the growth of the market as the demand for connected logistics increases in Europe. Asia-Pacific is expected to grow at a significant rate owing to the presence of numerous emerging economies in the region in which start-up culture is spurring which create opportunities for the augmentation of the market in the near future.
Global IOT Cloud Platform Market by Deployment Model
Global IOT Cloud Platform Market by Platform
Application Enablement Platform
Global IOT Cloud Platform Market by Application
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