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IoT Platforms Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
IoT Platforms Market Statistics 2028The global IoT Platforms market size is projected to reach USD 20720 million by 2028, from USD 4574.3 million in 2021, at a CAGR of 23.8% during 2022-2028. An IoT platform is a type of digital platform that is used for building and managing IoT solutions.
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Major Trends in IoT Platforms Market
Key drivers of the IoT Platforms Market include the growing number of connected devices in an IoT environment, huge benefits in the form of large-scale and flexible storage of data enabling businesses to enhance their ability to handle IoT data resources in terms of knowledge, speed, and agility, and growing government initiatives for R&D activities in the IoT market.
Other factors contributing to the growth of the IoT Platforms Market are increasing data traffic leading to more demand for cloud-based data storage, extensive usage by retail companies, rise in demand among product companies leading to new revenue streams, growing adoption by big market players, and growing demand for system integrators. The increasing penetration of e-commerce, smartphones, growing digitalization, and rising IoT devices will also propel the growth of the market during the forecast period.
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IoT Platforms Market by Type
• Consumer IoT
• Business IoT
IoT Platforms Market by Application
• Smart Home & Wearables
• Smart Energy
• Smart Security
• Manufacturing
• Transportation & Logistics
• Healthcare
• Others
Leading Players in the IoT Platforms Market
• PTC (ThingWorx)
• Cisco (Jasper)
• Microsoft
• IBM
• Intel
• SAP
• Oracle
• Amazon
• Telit
• General Electric
• Gemalto
• Zebra Technologies
• AT&T
• Xively (LogMeIn)
• Aeris
• Exosite
• Particle
• Ayla Networks
• relayr
• Bosch Software Innovations
• Teezle
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