Cloud-driven IoT Platforms to unlock Exciting Prospects
Request Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=27821
With a proliferation of connected devices, especially in enterprises world over, and with the market ecosystem getting more complex, the IoT platform market will witness steady technological advances over the years. Bustling with opportunities, the global IoT platform market is projected to clock a spectacular CAGR of 21.0% during the forecast period of 2017 and 2025, and will reach a worth of US$ 10,064.0 million by the end of the period, according to estimates by Transparency Market Research.
Which application trends underpin the growth of the IoT platform market?
The various types of deployments are broadly categorized into on-premise and cloud-based. The on-premise segment accounted for the leading share in the global market in 2017. While, robust security features provided by the on-premise may be a compelling factor leading to substantial uptake, the advent of cloud-driven IoT platform has considerably expanded the horizon of the market.
Browse Our Report: https://www.transparencymarketresearch.com/iot-platform-market.html
However, the adoption of cloud IoT platform is crippled by several limitations, owing to the lack of accessibility and low latency factor. Furthermore, the cloud network being vulnerable to cyberattacks and external threats is seeing a slow uptake. This being said, the constant decline in prices of sensors and the rapid technological advances made by IoT will help in boosting the growth momentum.
Which region will provide substantially lucrative avenues in the coming years?
Regionally, North America will collect substantial revenue in the global market, attributed to a marked presence of IoT solution providers. However, there is significant probability that Europe will surge ahead clocking a higher CAGR over the assessment period. Concerted initiatives by governments in key economies to bring the fourth industrial revolution, popularly known as Industry 4.0, is accentuating the regional market. The demand is expected to be led by countries such as the U.K., France, and Germany.
Get TOC of This Report: https://www.transparencymarketresearch.com/report-toc/27821
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. TMR’s experienced team of analysts, researchers, and consultants, use 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.
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 Cloud-driven IoT Platforms to unlock Exciting Prospects here
News-ID: 977553 • Views: 161
More Releases from Transparency Market Research
Content Moderation Solutions Market Report to Share Key Aspects of the Industry …
The global content moderation solutions market is projected to register a CAGR of more than 10% between 2019 and 2027. The global content moderation solutions market is projected to be driven by the increasing spending on digital advertising. Marketing leaders are spending more on their websites, digital commerce, and digital advertising. Not only large enterprises, even small and medium enterprises are shifting from traditional advertising to digital advertising. This is expected
Industrial Plugs and Sockets Market Will Escalate Rapidly in the Near Future
Industrial plugs and sockets function on very different frequencies and are used in secured electric connections in machines and equipments. In addition to that, industrial plugs and sockets come with multiple uses across farming and commerce industries, thereby boosting the global industrial plugs and sockets market. It also safeguards the equipment to which it is connected. These plugs and sockets are made of low cost materials and are easy to install,
Home Automation Market Rapid Technological Advancements During The Forecast Peri …
Expansion of the global home automation market is likely to be influenced by the increasing consumer liking for these products, thanks to its energy saving features, enhanced security solutions, convenience, and affordability. The demand for home automation services is also increasing due to growing penetration and development of smartphone-controlled applications. Some of the prominent market players in the global home automation market are Ingersoll-Rand PLC, Cisco Systems, Inc., United Technologies Corporation,
Process Spectroscopy Market to Witness Unprecedented Growth in Coming Years
As per a recent report by Transparency Market Research on global process spectroscopy market, the persisting demand for improving the manufacturing process in several business verticals is the key reason for the growth of the global process spectroscopy market. The report also states that the market's growth is attributed to developing pharmaceutical sector by improving microscopic study of chemicals. These processes require process spectroscopy to collect viable data regarding the
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