Global IoT Platform Market, By Platform(Device Management, Connectivity Management, Application Enablement), Service (Professional Services, Training & Consulting, Integration Services, Support & Maintenance, Managed Services), Application (Home Automation, Wearable Technology, Smart City, Industrial Automation, Connected Transportation, Healthcare, Smart Retail, Smart Agriculture, Connected Logistics, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global IoT Platform Market
The Global IoT Platform Market was valued at USD 1,640.4 million in 2017 and is expected to reach USD 6,010.0 million in 2025, growing at a healthy CAGR of 27.6% for the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global IoT Platform Market
The Internet of Things (IoT) Platform is a medium between the applications and services which are connected with the real world. The rapid expansion of internet and fast connectivity speed has driven the global IoT platform market. It helps in monitoring, evaluating and controlling the main network connectivity. IoT integrates technologies such as data communication, data storage, hardware design and mining that help organization in decision-making power with high convenience, improved handling of emergencies, cost benefits, remote access and improvements in safety & security. The IoT platforms provide middleware to connect, manage devices and integrate collected data into various applications and services. Google acquired Xively Internet of Things (IoT) platform of LogMeIn, Inc. which aimed at provides Google Cloud with established IoT platform. This strategy has boosted Google’s cloud business in IoT.
- Demand for better connectivity
- Growing diversity in IoT standards
- Industrial internet revolution
- Investments in IoT start-ups
- Threat of cyber-attacks reduces market spirit
- Implementation of IoT platform leads to loss of jobs for unskilled employees
Segmentation: Global IoT Platform Market
- Device Management
- Connectivity Management
- Application Enablement
- Small & Medium Enterprise
- Large Enterprise
- Professional Services
- Training & Consulting
- Integration Services
- Support & Maintenance
- Managed Services
- Home Automation
- Wearable Technology
- Smart City
- Industrial Automation
- Connected Transportation
- Smart Retail
- Smart Agriculture
- Connected Logistics
- North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of MEA
Competitive Landscape: Global IoT Platform Market
The global IoT platform market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global IoT Platform Market
The key players operating in the global IoT platform market are –
- IBM Corporation
- Microsoft Corporation
- Amazon Web Service
- com, Inc.
- Sap SE
The other players in the market are 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, and many more.
Recently, in June 2018, SORACOM Inc., a provider of cloud-native platform for the IoT entered into a strategic partnership with Mnubo Inc., a data analytics and Artificial Intelligence (AI) for IoT Company for offering IoT solutions for global enterprises. This association helped IoT companies to have scalable and flexible IoT solution within less time to have actionable business use cases.
Research Methodology: Global IoT Platform Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed 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 inquiry.
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, other 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.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global IoT platform market
- Analyze and forecast the IoT platform market on the basis of deployment, platform organization size, service, application
- Trends of key regional and country-level markets for processes, derivative and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis