The Internet of Things (IoT) cloud platform market is estimated to grow from USD 1.88 Billion in 2016 to USD 7.15 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 30.6% during the forecast period. The base year considered for the study is 2015 and the forecast period is from 2016 to 2021. Artificial intelligence, digital healthcare technology, robotics, and data analytics are some of the disruptive technologies likely to impact the future of the IoT cloud platform market.
The integration of IoT cloud platform helps enterprises’ IT infrastructure to monitor, analyze, and control the main network connectivity. Platforms such as device management and connectivity management has high global acceptance in the IT industry; however, the emerging application enablement platform is expected to witness high growth rate. The global market is expected to grow significantly during the forecast period. North America is expected to hold the largest share of the IoT cloud platform market, followed by Europe.
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Objectives of the Study:
This report aims to estimate the market size and future growth potential of the IoT cloud platform market across different segments such as platforms, deployment models, application areas, organization size, services, and regions. The report also focuses on information regarding the key factors (drivers, restraints, opportunities, and challenges) influencing market growth. Additionally, the opportunities in the market are providing strategic profiles of the key players to stakeholders present in the market. Allowing the stakeholders to comprehensively analyze the core competencies, and to draw the competitive landscape of the market.
The research methodology used to estimate and forecast the IoT cloud platform market begins with capturing data on key vendor revenues through secondary research such as the International Telecommunication Union (ITU) report. The vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments.
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The IoT cloud platform market ecosystem comprises IoT cloud platform providers of platforms such as AWS Group (U.S.), Google (U.S.), IBM Corporation (U.S.), and Microsoft Corporation (U.S.), and service providers such as PTC (U.S.) and IBM Corporation (U.S.) that maintain and update the entire software system and sell them to end users to cater to their unique business requirements.
Key Target Audience
- Semiconductor companies
- Embedded systems companies
- Application developers and aggregators
- Managed service providers and middleware companies
- Wireless infrastructure providers and service providers
- Data management and predictive analysis companies
- Sensor, location, and detection solution providers
- Internet identity management, privacy, and security companies
- Machine-to-Machine (M2M), IoT, and telecommunications companies
Scope of the Report
The research report categorizes the IoT cloud platform market to forecast the revenues and analyze the trends in each of the following sub-segments:
- Device management
- Connectivity management
- Application enablement
By Application Area
- Home automation
- Wearable technology
- Smart city
- Industrial automation
- Connected transportation
- Smart retail
- Smart agriculture
- Connected logistics
- Professional services
- Training and consulting
- Integration services
- Support and maintenance
- Managed services
By Deployment Model
By Organization Size
- Small and Medium Businesses (SMBs)
- Large enterprises
- North America
- Asia-Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America
With the given market data, Publisher offers customization as per the company’s specific requirements. The following customization options are available for the report:
- Product matrix provides a detailed information and product comparison
- Further breakdown of the North America IoT cloud platform market
- Further breakdown of the Europe market
- Further breakdown of the APAC market
- Detailed analysis and profiling of additional market players
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