Global IoT Cloud Platform market is estimated to grow at a CAGR of approximately 31.2% during the forecast period 2018–2023 :

Pune, India, Dec 2018, MRFR Press Release/- Market Research Future published a half-cooked research report on the global IoT cloud platform market.

Market Highlights

Internet of things (IoT) is a technology that combines the connectivity of various physical devices such as sensors, smart and wearable devices, and others to streamline the communication process. It also provides faster and reliable real-time information to the individuals with the connectivity technologies, software and hardware platforms without human intervention. The advancement in artificial intelligence and machine learning are some of the factors that are responsible for the growth of IoT cloud platform market during the assessment period (2018—2023).

The global Internet of Things (IoT) cloud platform market is segmented into platform, deployment, organization size, service, application, and vertical.

By platform, the market of global Internet of things (IoT) cloud platform is sub-segmented into device management, connectivity management, and application enablement.

By deployment, the market is segmented into public, private and hybrid.

By organization size, the market is segmented into large enterprise and small and medium enterprise.

By service, the market is segmented into managed services and professional services.

By application, the market is segmented home automation, wearable technology, smart city, smart transportation, industrial automation, smart agriculture, and others

By vertical, the market is segmented into healthcare, retail, finance, government, hospitality, Automotive & transportation,industrial manufacturing, consumer electronics, education, media & entertainment, and others.

 Key players

Some of the key players of global Internet of Things (IoT) cloud platform market includes Google, IBM Corporation, Microsoft Corporation, AWS Group, Ayla Network, Artik Cloud, Hauwei Technologies, AT&T, Cisco system, GE,, SAP SE, and Telit among others.

The global IoT cloud platform market is expected to reach approximately USD 8.67 Billion by 2023 growing at a ~31.2% CAGR over the forecast period 2018-2023.

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Regional Analysis

The geographical analysis of the global Internet of Things (IoT) cloud platform market is studied for North America, Europe, Asia-Pacific, and the rest of the world.

North-America is dominating the global internet of things (IoT) cloud platform market during the forecast period( 2018—2023) due to the presence of major key players of this market such as IBM Corporation, Google, Microsoft, AWS Group, Cisco, SAP SE, and others. The other factors that are responsible for the growth in the demand of IoT cloud platform is the presence of early technology adopters and a host to innovative technologies.

Asia-Pacific is expecting to reach highest CAGR during the forecast period(2018—2023) due to the extensive implementation of IoT cloud based technologies across various verticals, and increased adoption of digital technologies in countries such as China and India.