Press release
IoT Platforms Market Size, Growth, Trends, Forecast, Global Analysis, Report 2027
The global IoT Platforms market size is projected to reach US$ 17100 million by 2027, from US$ 2956.7 million in 2020, at a CAGR of 28.5% during 2021-2027. The factors that drive the IoT platform market size are the flexible scaling of data storage in the cloud. Because of the growing number of connected devices in an IoT environment, large amounts of data can be stored, downloaded, uploaded. Therefore, businesses can enhance their ability to handle IoT data resources in terms of knowledge, speed, and agility by leveraging the IoT Platforms.View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-1D215/global-iot-platforms
Large companies have good budget capabilities and are investing heavily in the implementation of the IoT cloud platform and related services to efficiently control their subscription base. Growth in the big business segments are largely governed by the increasing number of IoT devices installed across large enterprises. These factors are expected to increase the growth of the IoT platform market size
IoT Platforms Market Segment Review
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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IoT Platforms Market by Type
o Consumer IoT
o Business IoT
IoT Platforms Market by Application
o Home Automation
o Wearable Technology
o Smart City
o Industrial Automation
o Connected Transportation
o Healthcare
o Others
Leading Players in the IoT Platforms Market
o PTC (ThingWorx)
o Cisco (Jasper)
o Microsoft
o Google
o IBM
o Intel
o SAP
o Oracle
o Amazon
o Telit
o General Electric
o Gemalto
o Zebra Technologies
o AT&T
o Xively (LogMeIn)
o Aeris
o Exosite
o Particle
o Ayla Networks
o relayr
o Bosch Software Innovations
o Teezle
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