Press release
IoT Platform Market size is expected to reach $ Bn by 2030, as per Maximize Market research
IoT Platform Market, IoT Platform Market Size, IoT Platform Market Share,
IoT Platform Market Overview
Centralized Monitoring and Predictive Maintenance
As products move through production lines, IoT devices and control systems are used to track assets and monitor tools, providing real-time data. These devices collect large amounts of data across various industries, which can be analyzed for insights and used for centralized monitoring. Proactive maintenance is essential to manage equipment properly, helping companies determine when machinery needs servicing.
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Demand for IoT-Enabled Digital Transformation
IoT is a key technology for digital transformation, helping businesses boost efficiency. Other technologies like big data, cloud, and edge computing also drive this demand. Companies are increasingly investing in IoT solutions to modernize their operations, and solution providers are adapting their products to support cloud-based models to meet this growing need.
Challenges with Integration and Skilled Workforce
Deploying and managing IoT platforms needs specialized IT skills, which are often lacking. The increasing number of IoT devices complicates network management, making it harder for IT teams to handle. Effective use of IoT platforms also requires expertise in data collection, integration, and analysis, which is often in short supply.
North America leads the Global IoT platform industry
In 2023, the xx% market share was dominated by the North America region. Due to its advancements in technology and well-developed nature, North America's IoT cloud platform market is anticipated to offer the highest revenue opportunities for companies. The growth of IoT devices, substantial investment in IoT research and development, and key market players such as AWS, Google, Microsoft, IBM, and Cisco Systems are driving the utilization of IoT cloud platforms in North America. North American businesses are enthusiastic about incorporating IoT technology as they are quick to embrace the latest technologies like IoT, cloud, AI, big data, and mobility.
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IoT Platform Recent News
3/10/2024 OptConnect Acquires Capestone to Expand Global IoT Solutions Platform
25/9/2024 Zoho Launches Vikra App on ONDC and Unveils IoT Platform, Reports 31% Growth in India
7/6/2024 AWS, Microsoft, Software AG Lead Gartner's Industrial IoT Platforms Magic Quadrant
10/4/2024 OXIO's Telecom-as-a-Service Platform Expands to Connect M2M and IoT Devices Globally
30/7/2024 Soracom IoT Platform Achieves SOC 2 Type 1 Compliance for Internal Control
14/8/2023 Siemens Industrial IoT - Spark for the IT-OT fusion
6/12/2023 IoT Evolution World Announces Winners of the 2023 IoT Platforms Leadership Awards
19/7/2023 Verizon Business introduces global IoT eSIM platform with network-operator partners around the world
5/10/2020 DENSO Corporation today announced it has developed a Factory-IoT Platform that connects 130 production factories worldwide with information technology (IT) and internet of things (IoT) technologies, based on the concept of "as if under one roof."
IoT Platform Market Segmentation
by platform
Device Management
Connectivity Management
Application Enablement
by Service
Professional Services
Training and Consulting
Integration and Deployment
Support and Maintenance
Managed Services
by Deployment
Public Cloud
Private Cloud
Hybrid
by Application
Building and Home Automation
Smart Manufacturing
Smart Transportation
Connected Healthcare
Smart Retail
Smart Grid and Utilities
Others
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IoT Platform Market Key Players
Arrayent
Autodesk
AWS
Bosch
Cisco
C3 IoT
General Electric
Device Insight
Electric Imp
EVERYTHNG
Microsoft
Exosite
Huawei
IBM Corporation
SAP
Siemens
Ericsson
Hitachi
PTC
Relayr
Samsung Electronics
Telit
Sierra Wireless
Key questions answered in the IoT Platform Market are:
Which region has the largest share in IoT Platform Market?
What is the growth rate of IoT Platform Market?
What segments are covered in IoT Platform market?
Who are the key players in IoT Platform market?
𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/market-report/global-iot-platform-market/10330/
Key Offerings:
Past IoT Platform Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
IoT Platform Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
§ Competitive landscape - IoT Platform Market Leaders, Market Followers, Regional player
§ Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
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About Maximize Market Research:
Maximize Market Research is a global market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more.
Their services cover market sizing, forecasting, competitive analysis, and customer insights, helping clients to address their strategic needs and identify emerging trends. The company emphasizes client success, offering detailed analysis and recommendations that support business transformation and operational excellence.
Maximize Market Research also provides custom research services, allowing businesses to get solutions specific to their market challenges. With a strong global presence, the company serves clients from various sectors, ensuring they stay ahead in a rapidly evolving market landscape.
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