Iot Platform Market : Influential Factors Determining the Trajectory of the Market.With improving Internet speed and connectivity in many parts of the world, an increasing number of IoT platform players now offering sophisticated and integrated solutions to domestic as well as industrial consumers.
IoT platforms find application in human capital management, inventory management, customer service, supply chain management, enterprise performance management, infrastructure management, asset performance management, and security.
The worldwide market for IoT platforms is being propelled by diminishing prices of IoT equipment and sensors and recent advancements in wireless technology and cloud computing. Rising penetration of remote and connected devices such as smartphone and tablets is also fueling the global IoT platform market.
The opportunity in this market was pegged at US$1,786.8 mn in 2016 and is slated to reach US$10,064.0 mn by 2025, registering a 21.0% CAGR during the forecast period.
Obtain Report Details @
Based on deployment, the IoT platform market is bifurcated into cloud and on-premise. Accounting for the dominant share in 2017 in terms of revenue, the on-premise segment enjoys the top spot in the global market. However, the cloud segment is anticipated to witness impressive growth from 2017 to 2025 and is expected to overtake the on-premise segment in terms of revenue share.
On the basis of industry vertical, the IoT platform market has been segregated into healthcare, retail, BFSI, transportation and logistics, oil and gas, manufacturing, energy, and government and defense. The rising adoption of IoT technology, sensors, and platforms is the key factor boosting the manufacturing segment.
Make an Enquiry @
By way of geography, the global IoT platform market has been divided into the Middle East and Africa, Asia Pacific, Latin America, Europe, and North America. North America is the leading revenue generator and the region is projected to witness strong growth over the course of the forecast period thanks to rising adoption of advanced technologies and the increasing presence of major IoT solution providers.
Asia Pacific is projected to witness rapid growth through 2025, with countries such as Japan, China, and Australia emerging as most influential. With increased adoption rate of IoT solutions across the government sector and oil and gas industry, the Middle East and Africa market is also expected to register healthy growth.
Some of the prominent companies in this market are Google Inc., Microsoft Corporation, PTC Inc., Cisco Systems, Inc., IBM Corporation, SAP SE, Amazon Web Services, Inc., Salesforce.com, Inc., General Electric, and Oracle Corporation.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Iot Platform Market : Influential Factors Determining the Trajectory of the Market. here
News-ID: 833889 • Views: 125
More Releases from Transparency Market Research
Market Intelligence Report on Calcite Market, 2018-2028
Sales of calcite have witnessed utter proliferation in recent time, in line with the growing demand from paper and pulp sector wherein calcite is highly adopted as a coating and filler material. According to Transparency Market Research analysis, global calcite market is anticipated to register 4.7% CAGR during the study period 2018–2028. The TMR report opines that demand for calcite is highly driven by its significant properties that are paving way
Pearlescent Pigments Market Intelligence Report Offers Growth Prospects
The demand within the global pearlescent pigment market is slated to rise as new creative avenues emerge in the art and craft industry. Several artists have increased the consumption of pearlescent pigments, mainly due to the aesthetic value of these pigments in art forms. The use of these pigments can majorly be attributed to the gloss and shine imparted by these pigments to the design or craft. These pigments exhibit
Aragonite Market to Witness Steady Growth During the Forecast Period 2018-2026
Global Aragonite Market: Overview Aragonite is a carbonate mineral having an orthorhombic crystal system, and very closely resembles calcite. It is considered as the purest form of calcium carbonate. The mineral has garnered wide popularity as gemstone in various parts of the world and has promising healing properties with energy enhancing powers. Aragonite contains traces of magnesium and sand inclusion but rich in calcium carbonate, and is alkaline in nature. It
OEM Insulation Market Growth, Trends and Value Chain 2019-2027 by TMR
OEM Insulation Market – Overview OEM means Original Equipment Manufacturer that indicates to a company that produces a part or a subsystem of a product that is being used by another organization. Thermal insulation or simply insulation allows the product to cut down the heat gain or loss at the minimum by creating a barrier between the surfaces at the varying temperatures. There are wide range of applications and end-use verticals
More Releases for IoT
Global IoT Gateway Market
Global IoT Gateway Market – Industry Analysis and Forecast (2018-2026) – by Node, Connectivity Technology, Component, Application, and Region. Global IoT Gateway Market was valued US$ 11.5 Bn in 2017 and is expected to reach US$ 85 Bn by 2026, at a CAGR of 28.41 % during the forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated
Global IoT Software Market
Global IoT Software Market is segmented into type, application, and geography. On the basis of type, a market is segmented into Real-time Streaming, Analytics Software, Security Solution Software, Data Management Software, Remote Monitoring System Software, and Network Bandwidth Management Software Global IoT Software Market was valued US$ 1.5 Bn in 2017 and expected to reach US$ 7.9 Bn in 2016, at CAGR 23.8% during forecast period. Browse Complete Premium Research
Global IOT Sensors Market
Global IOT Sensors Market – Industry Analysis and Forecast (2016-2024) Global IOT Sensors Market was valued at more than US$ 4 Bn in 2016 and is expected to cross US$ 45 Bn by 2024, at CAGR of more than 40%. The increase in IoT sensors market growth is driven by the certain key factors such as development of cheaper, smarter, and advanced sensors, rising market demand for smart devices and
IoT Data Management Market
The demand for IoT data management has increased due to widespread adoption of end-to-end data management platforms to capitalize IoT data more efficiently. Moreover, modernization of data warehouse architecture, rising need for data security and data traffic management, and rising implementation of IoT device security for data encryption are some of the other factors driving demand in this market. The global IoT data management market can be categorized based on type
Publisher’s market research analysts predict the global telecom IoT market to grow steadily during the forecast period and post an impressive CAGR of more than 42% by 2020. This industry research report identifies the growing adoption of intelligent transportation systems (ITS) to be one of the major factors that will have a positive impact on the growth of this market in the coming years. In addition to enabling operators to
IoT Processor Market
In this connected world, internet of things (IoT) is fueling every aspect of human lives. The data that is generated every day from these connected devices is humongous. Proper functioning of these connected devices requires real time exchange of data and information amongst them so that they can solve human problems. In another word IoT means more data, more sensors, agile responses, end-to-end connectivity and smarter user interfaces. All these