Global IoT Platform Market Rising Exponentially at Rate of 28.4% During the Anticipated Period

The IoT Platform Market is expected to rise at annual rate 28.4% in the forecast period of 2020 to 2027 due to the rapid increase in the use of internet and fast connectivity speed.

  • On the other hand, absence of standardization in IoT protocols, dearth of technically skilled workforce and the issues with the unstructured data are the factors expected to obstruct the IoT platform market growth in the above-mentioned forecast period. The rise in the problems related to data security and privacy and interoperability issues of legacy infrastructure are projected to challenge the IoT platform market.   

IoT Platform Market Scenario

According to Data Bridge Market Research, the market for IoT platform is accelerating due to demand for better connectivity, investments in IoT start-ups and growing diversity in IoT standards. Additionally, proliferation of IoT devices, the increase in need to increase operational efficiency and the initiatives taken by government in the form of funding for research and development activities positively affect the IoT platform market. Furthermore, increasing demand for IoT-enabled digital transformation of businesses and rise in demand for system integrators extend profitable opportunities to the IoT platform market players.

Now the question is which are the other regions IoT platform market is targeting? Data Bridge Market Research has estimated the largest growth in Asia-Pacific because of the robust cloud infrastructure, developments in the artificial intelligence and machine learning technologies and growing number of connected devices.

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IoT Platform Market Scope

The IoT platform market is segmented on the basis of countries into the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country-based analysis of IoT platform market is further analyzed based on maximum granularity into further segmentation. The IoT platform market on the basis of platform has been segmented into device management, connectivity management, and application enablement. Based on deployment, the IoT platform market is segmented into public, private and hybrid. Based on organization size, the IoT platform market is segmented into small and medium enterprise and large enterprise. Based on service, the IoT platform market is segmented into professional services, training and consulting, integration services, support and maintenance and managed services. Based on application, the IoT platform market is segmented into home automation, wearable technology, smart city, industrial automation, connected transportation, healthcare, smart retail, smart agriculture, connected logistics and others.
  • IoT platform assist in monitoring, evaluating and controlling the main network connectivity. IoT integrates technologies including data communication, data storage, hardware design and mining which help the organization in decision-making power with high convenience, cost benefits, remote access improved handling of emergencies and improvements in safety and security.

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Key Pointers Covered in the IoT Platform Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market by Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • General Electric
  • Google, Inc.
  • Davra Networks
  • PTC
  • Telit Communications PLC
  • Gemalto
  • Alcatel-Lucent
  • Mnubo Inc.
  • Zebra Technologies
  • AT&T Inc.
  • Carriots
  • Comarch
  • Xively
  • Aeris Communications
  • Exositez
  • Ayla Networks
  • Relayr
  • Software AG
  • Bosch Software Innovations
  • Teezle Telematics India Pvt. Ltd.
  • Ericsson
  • Sierra Wireless
  • SORACOM Inc.
  • Wind River
  • Magneto IT Solutions

Above are the key players covered in the report, to know about more and exhaustive list of IoT platform companies’, contact us

Research Methodology of IoT Platform Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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