Global Iot Platform Market
Market Size in USD Billion
CAGR :
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 Forecast Period |
2023 –0 |
 Market Size (Base Year) |
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 Market Size (Forecast Year) |
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 CAGR |
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Global Internet of Things (IoT) Platform Market, By Deployment (Public, Private and Hybrid), Organization Size (Small and Medium Enterprise and Large Enterprise), Platform (Device Management, Connectivity Management, and Application Enablement), Service (Professional Services, Training and Consulting, Integration Services, Support and Maintenance, and Managed Services), Application (Home Automation, Wearable Technology, Smart City, Industrial Automation, Connected Transportation, Healthcare, Smart Retail, Smart Agriculture, Connected Logistics, and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Internet of Things (IoT) Platform Market
Data Bridge Market Research analyses that the internet of things (IoT) platform market will exhibit a CAGR of 28.9% for the forecast period of 2022-2029.
The internet of things (IoT) platform is a medium between the services and applications that are connected with the real world. It helps in watching, evaluating and dominant the most network property. IoT integrates technologies like knowledge storage, electronic communication, hardware style and mining that facilitate the organization in decision-making power with high convenience, improved handling of emergencies, price edges, remote access and enhancements in safety & security.
The increase within the use of net and quick property speed is the major factor accelerating the growth of the internet of things (IoT) platform market. Furthermore, Demand for better connectivity, growing diversity in IoT standards and investments in IoT start-ups are also expected to drive the growth of the internet of things (IoT) platform market. However, threat of cyber-attacks reduces market spirit and implementation of IoT platform leads to loss of jobs for unskilled employees restrains the internet of things (IoT) platform market, whereas, the increasing reliability and the data centers, providers are finding it difficult to maintain consistency will challenge market growth.
In addition, industrial internet revolution will create ample opportunities for the internet of things (IoT) platform market.
This internet of things (IoT) platform market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on internet of things (IoT) platform market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Internet of Things (IoT) Platform Market Scope and Market Size
The internet of things (IoT) platform market is segmented on the basis of platform, deployment type, organization size, service and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of platform, IoT platform market is segmented into device management, connectivity management, and application enablement.
- Based on deployment, IoT platform market is segmented into public, private and hybrid.
- Based on organization size, IoT platform market is segmented into small and medium enterprise and large enterprise.
- Based on service, IoT platform market is segmented into professional services, training and consulting, integration services, support and maintenance, and managed services.
- Based on application, 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.
Internet of Things (IoT) Platform Market Country Level Analysis
The internet of things (IoT) platform market is analysed and market size, volume information is provided by country, platform, deployment type, organization size, service and application as referenced above.
The countries covered in the internet of things (IoT) platform market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the internet of things (IoT) platform market and will continue to flourish its trend of dominance during the forecast period due to robust cloud infrastructure machine learning technologies. Asia-Pacific will however, register the highest CAGR for this period due to a growing number of connected devices and developments in the region's artificial intelligence.
The country section of the internet of things (IoT) platform market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Internet of Things (IoT) Platform market Share Analysis
The internet of things (IoT) platform market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points are only related to the companies’ focus on the internet of things (IoT) platform market.
The major players operating in the internet of things (IoT) platform market report 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 among other.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated 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 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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional 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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