The 3rd Platform Market is Expected to Grow Rapidly at a CAGR of 7.5% by 2020

The 3rd platform is built on a foundation of cloud, mobile, social, and Big Data technologies. The overall market for the 3rd platform is expected to grow, largely driven by the increased adoption of cloud services across the globe. As Industry is moving towards innovation and enterprises are looking to gain a competitive edge, 3rd platform spending across the globe is expected to capture a major share of the overall ICT spending. The 3rd platform will enable all the digital transformation and expansion of each and every software industry in the coming 10 years.

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The 3rd platform market is growing rapidly at a CAGR of 7.5% during the forecast period 2015–2020. The global 3rd platform market is expected to grow in future mainly driven by the adoption of technologies cloud, mobile, social and big data. The technologies segment have greater market share and will drive the market more than the services segment due to the factors like cost, easy access, self-provisioning and sales channels. The lack of verification of cloud and mobile data and security reasons will impact the market in the coming 3-4 years.

As the use of 3rd platform reduces the cost of ownership and offers new services to penetrate in the organisation, its usage will increase giving more opportunities to the vendors. Thus, they are coming up with cross platforms which can extract more information from the web, track and analyse it to make informed decisions. Also, most of the start-ups are following it as their strategy and capturing the market. Some of the key vendors present in the market are Facebook, IBM, LinkedIn, and Salesforce.com. The report also talks about companies to watch for such as MobileIron, RightScale, and Splunk.

The study covers and analyses the “Global 3rd Platform market globally. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiative, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.

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Benefits:

The report provides an in-depth analysis of the 3rd platform market globally. Bringing out the key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends and technologies related to the 3rd platform across all verticals. The report provides a detailed analysis of the 3rd platform in terms of technologies, services, verticals and regions.

The report gives insights about the

Regional Growth Opportunities
In-depth analysis of 6 regions namely North America, Western Europe, Asia Pacific, Central Eastern Europe, Latin America and the Middle East & Africa
The regions are analysed according to technologies, services, and verticals
Current and predicted business strategies for the leading companies of the market such as Adobe, Citrix, Salesforce, Microsoft, Accenture, Rackspace, Red hat and TCS. Total 19 companies are covered
The report helps the users to understand the challenges, impact of customer intelligence and market size in verticals such as Telecom, BFSI, Retail, Manufacturing, Healthcare, Transportation &Tourism, and Energy & Utilities
The report also gives information related to the latest industry and market trends, key stakeholders, industry pest analysis and competitive landscape
It includes implementation, opportunities and adoption rate of 3rd platform technologies in various industries

The report will be useful for the key stakeholders of the 3rd platform market such as application technology providers, service providers and end users in the following ways:

Competitive analysis (i.e. current and future key business strategies of the competitors and their regional growth)
Drivers, growth opportunities and regional trends

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This release was published on openPR.