IoT Platform Market Research Report - Global Forecast till 2030

Global IoT Platform Market Research Report— by Platform (Connectivity / M2M platforms), Deployment (Cloud, Hybrid), Application (Database Management, Device Management), End User (Manufacturing) by Region—Forecast till 2030

ID: MRFR/ICT/1207-CR | February 2020 | Region: Global | 126 Pages         

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Suppliers

4.1.3 Bargaining Power Of Buyers

4.1.4 Threat Of Substitutes

4.1.5 Segment Rivalry

4.2 Value Chain/Supply Chain Of The Global IoT Platform Market

5 Industry Overview Of The Global IoT Platform Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7 Global IoT Platform Market, By Platform

7.1 Introduction

7.2 Connectivity / M2M Platform

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast, By Region, 2020–2027

7.3 IaaS Backend

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, By Region, 2020–2027

7.4 Hardware-Specific Software Platform

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast, By Region, 2020–2027

7.5 Consumer/Enterprise Software Extension

7.5.1 Market Estimates & Forecast, 2020–2027

7.5.2 Market Estimates & Forecast, By Region, 2020–2027

8 Global IoT Platform Market, By Deployment

8.1 Introduction

8.2 On-Premises

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, By Region, 2020–2027

8.3 Cloud

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, By Region, 2020–2027

8.4 Hybrid

8.4.1 Market Estimates & Forecast, 2020–2027

8.4.2 Market Estimates & Forecast, By Region, 2020–2027

9 Global IoT Platform Market, By Application

9.1 Introduction

9.2 Device Management

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast, By Region, 2020–2027

9.3 Database Management

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast, By Region, 2020–2027

9.4 Analytics

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast, By Region, 2020–2027

9.5 Processing

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast, By Region, 2020–2027

10 Global IoT Platform Market, By End User

10.1 Introduction

10.2 Manufacturing

10.2.1 Market Estimates & Forecast, 2020–2027

10.2.2 Market Estimates & Forecast, By Region, 2020–2027

10.3 Smart Cities & Homes

10.3.1 Market Estimates & Forecast, 2020–2027

10.3.2 Market Estimates & Forecast, By Region, 2020–2027

10.4 Retail

10.4.1 Market Estimates & Forecast, 2020–2027

10.4.2 Market Estimates & Forecast, By Region, 2020–2027

10.5 Healthcare

10.5.1 Market Estimates & Forecast, 2020–2027

10.5.2 Market Estimates & Forecast, By Region, 2020–2027

10.6 Others

10.6.1 Market Estimates & Forecast, 2020–2027

10.6.2 Market Estimates & Forecast, By Region, 2020–2027

11 Global IoT Platform Market, By Region

11.1 Introduction

11.2 North America

11.2.1 Market Estimates & Forecast, 2020–2027

11.2.2 Market Estimates & Forecast, By Platform, 2020–2027

11.2.3 Market Estimates & Forecast, By Deployment, 2020–2027

11.2.4 Market Estimates & Forecast, By Application, 2020–2027

11.2.5 Market Estimates & Forecast, By End User, 2020–2027

11.2.6 US

11.2.6.1 Market Estimates & Forecast, 2020–2027

11.2.6.2 Market Estimates & Forecast, By Platform, 2020–2027

11.2.6.3 Market Estimates & Forecast, By Deployment, 2020–2027

11.2.6.4 Market Estimates & Forecast, By Application, 2020–2027

11.2.6.5 Market Estimates & Forecast, By End User, 2020–2027

11.2.7 Canada

11.2.7.1 Market Estimates & Forecast, 2020–2027

11.2.7.2 Market Estimates & Forecast, By Platform, 2020–2027

11.2.7.3 Market Estimates & Forecast, By Deployment, 2020–2027

11.2.7.4 Market Estimates & Forecast, By Application, 2020–2027

11.2.7.5 Market Estimates & Forecast, By End User, 2020–2027

11.2.8 Mexico

11.2.8.1 Market Estimates & Forecast, 2020–2027

11.2.8.2 Market Estimates & Forecast, By Platform, 2020–2027

11.2.8.3 Market Estimates & Forecast, By Deployment, 2020–2027

11.2.8.4 Market Estimates & Forecast, By Application, 2020–2027

11.2.8.5 Market Estimates & Forecast, By End User, 2020–2027

11.3 Europe

11.3.1 Market Estimates & Forecast, 2020–2027

11.3.2 Market Estimates & Forecast, By Platform, 2020–2027

11.3.3 Market Estimates & Forecast, By Deployment, 2020–2027

11.3.4 Market Estimates & Forecast, By Application, 2020–2027

11.3.5 Market Estimates & Forecast, By End User, 2020–2027

11.3.6 Germany

11.3.6.1 Market Estimates & Forecast, 2020–2027

11.3.6.2 Market Estimates & Forecast, By Platform, 2020–2027

11.3.6.3 Market Estimates & Forecast, By Deployment, 2020–2027

11.3.6.4 Market Estimates & Forecast, By Application, 2020–2027

11.3.6.5 Market Estimates & Forecast, By End User, 2020–2027

11.3.7 France

11.3.7.1 Market Estimates & Forecast, 2020–2027

11.3.7.2 Market Estimates & Forecast, By Platform, 2020–2027

11.3.7.3 Market Estimates & Forecast, By Deployment, 2020–2027

11.3.7.4 Market Estimates & Forecast, By Application, 2020–2027

11.3.7.5 Market Estimates & Forecast, By End User, 2020–2027

11.3.8 UK

11.3.8.1 Market Estimates & Forecast, 2020–2027

11.3.8.2 Market Estimates & Forecast, By Platform, 2020–2027

11.3.8.3 Market Estimates & Forecast, By Deployment, 2020–2027

11.3.8.4 Market Estimates & Forecast, By Application, 2020–2027

11.3.8.5 Market Estimates & Forecast, By End User, 2020–2027

11.3.9 Rest Of Europe

11.3.9.1 Market Estimates & Forecast, 2020–2027

11.3.9.2 Market Estimates & Forecast, By Platform, 2020–2027

11.3.9.3 Market Estimates & Forecast, By Deployment, 2020–2027

11.3.9.4 Market Estimates & Forecast, By Application, 2020–2027

11.3.9.5 Market Estimates & Forecast, By End User, 2020–2027

11.4 Asia-Pacific

11.4.1 Market Estimates & Forecast, 2020–2027

11.4.2 Market Estimates & Forecast, By Platform, 2020–2027

11.4.3 Market Estimates & Forecast, By Deployment, 2020–2027

11.4.4 Market Estimates & Forecast, By Application, 2020–2027

11.4.5 Market Estimates & Forecast, By End User, 2020–2027

11.4.6 China

11.4.6.1 Market Estimates & Forecast, 2020–2027

11.4.6.2 Market Estimates & Forecast, By Platform, 2020–2027

11.4.6.3 Market Estimates & Forecast, By Deployment, 2020–2027

11.4.6.4 Market Estimates & Forecast, By Application, 2020–2027

11.4.6.5 Market Estimates & Forecast, By End User, 2020–2027

11.4.7 India

11.4.7.1 Market Estimates & Forecast, 2020–2027

11.4.7.2 Market Estimates & Forecast, By Platform, 2020–2027

11.4.7.3 Market Estimates & Forecast, By Deployment, 2020–2027

11.4.7.4 Market Estimates & Forecast, By Application, 2020–2027

11.4.7.5 Market Estimates & Forecast, By End User, 2020–2027

11.4.8 Japan

11.4.8.1 Market Estimates & Forecast, 2020–2027

11.4.8.2 Market Estimates & Forecast, By Platform, 2020–2027

11.4.8.3 Market Estimates & Forecast, By Deployment, 2020–2027

11.4.8.4 Market Estimates & Forecast, By Application, 2020–2027

11.4.8.5 Market Estimates & Forecast, By End User, 2020–2027

11.4.9 Rest Of Asia-Pacific

11.4.9.1 Market Estimates & Forecast, 2020–2027

11.4.9.2 Market Estimates & Forecast, By Platform, 2020–2027

11.4.9.3 Market Estimates & Forecast, By Deployment, 2020–2027

11.4.9.4 Market Estimates & Forecast, By Application, 2020–2027

11.4.9.5 Market Estimates & Forecast, By End User, 2020–2027

11.5 Rest Of The World

11.5.1 Market Estimates & Forecast, 2020–2027

11.5.2 Market Estimates & Forecast, By Platform, 2020–2027

11.5.3 Market Estimates & Forecast, By Deployment, 2020–2027

11.5.4 Market Estimates & Forecast, By Application, 2020–2027

11.5.5 Market Estimates & Forecast, By End User, 2020–2027

11.5.6 Middle East & Africa

11.5.6.1 Market Estimates & Forecast, 2020–2027

11.5.6.2 Market Estimates & Forecast, By Platform, 2020–2027

11.5.6.3 Market Estimates & Forecast, By Deployment, 2020–2027

11.5.6.4 Market Estimates & Forecast, By Application, 2020–2027

11.5.6.5 Market Estimates & Forecast, By End User, 2020–2027

11.5.7 South America

11.5.7.1 Market Estimates & Forecast, 2020–2027

11.5.7.2 Market Estimates & Forecast, By Platform, 2020–2027

11.5.7.3 Market Estimates & Forecast, By Deployment, 2020–2027

11.5.7.4 Market Estimates & Forecast, By Application, 2020–2027

11.5.7.5 Market Estimates & Forecast, By End User, 2020–2027

12 Company Landscape

13 Company Profiles

13.1 IBM Corporation

13.1.1 Company Overview

13.1.2 Product/Business Segment Overview

13.1.3 Financial Updates

13.1.4 Key Developments

13.2 Amazon Web Services

13.2.1 Company Overview

13.2.2 Product/Business Segment Overview

13.2.3 Financial Updates

13.2.4 Key Developments

13.3 Microsoft Corporation

13.3.1 Company Overview

13.3.2 Product/Business Segment Overview

13.3.3 Financial Updates

13.3.4 Key Developments

13.4 Google

13.4.1 Company Overview

13.4.2 Product/Business Segment Overview

13.4.3 Financial Updates

13.4.4 Key Developments

13.5 Huawei Technologies Co. Ltd

13.5.1 Company Overview

13.5.2 Product/Business Segment Overview

13.5.3 Financial Updates

13.5.4 Key Developments

13.6 Cisco Systems, Inc.

13.6.1 Company Overview

13.6.2 Product/Business Segment Overview

13.6.3 Financial Updates

13.6.4 Key Developments

13.7 Intel Corporation

13.7.1 Company Overview

13.7.2 Product/Business Segment Overview

13.7.3 Financial Updates

13.7.4 Key Developments

13.8 General Electric

13.8.1 Company Overview

13.8.2 Product/Business Segment Overview

13.8.3 Financial Updates

13.8.4 Key Developments

13.9 AT&T Inc

13.9.1 Company Overview

13.9.2 Product/Business Segment Overview

13.9.3 Financial Updates

13.9.4 Key Developments

13.10 Wipro Ltd

13.10.1 Company Overview

13.10.2 Product/Business Segment Overview

13.10.3 Financial Updates

13.10.4 Key Developments

14 Conclusion

15 List Of Tables

Table 1 Global IoT Platform Market, By Region, 2020–2027

Table 2 North America: IoT Platform Market, By Country, 2020–2027

Table 3 Europe: IoT Platform Market, By Country, 2020–2027

Table 4 Asia-Pacific: IoT Platform Market, By Country, 2020–2027

Table 5 Middle East & Africa: IoT Platform Market, By Country, 2020–2027

Table 6 South America: IoT Platform Market, By Country, 2020–2027

Table 7 Global IoT Platform Platform Market, By Region, 2020–2027

Table 8 North America: IoT Platform Platform Market, By Country, 2020–2027

Table 9 Europe: IoT Platform Platform Market, By Country, 2020–2027

Table10 Asia-Pacific: IoT Platform Platform Market, By Country, 2020–2027

Table11 Middle East & Africa: IoT Platform Platform Market, By Country, 2020–2027

Table12 South America: IoT Platform Market, By Country, 2020–2027

Table13 Global IoT Platform Market, By Region, 2020–2027

Table14 North America: IoT Platform Market, By Country, 2020–2027

Table15 Europe: IoT Platform Market, By Country, 2020–2027

Table16 Asia-Pacific: IoT Platform Market, By Country, 2020–2027

Table17 Middle East & Africa: IoT Platform Market, By Country, 2020–2027

Table18 South America: IoT Platform Market, By Country, 2020–2027

Table19 Global IoT Platform Market, By Region, 2020–2027

Table20 North America: IoT Platform Deployment Market, By Country, 2020–2027

Table21 Europe: IoT Platform Deployment Market, By Country, 2020–2027

Table22 Asia-Pacific: IoT Platform Deployment Market, By Country, 2020–2027

Table23 Middle East & Africa: IoT Platform Deployment Market, By Country, 2020–2027

Table24 South America: IoT Platform Deployment Market, By Country, 2020–2027

Table25 Global Deployment Market, By Region, 2020–2027

Table26 Global Deployment Market, By Region, 2020–2027

Table27 Global Deployment Market, By Region, 2020–2027

Table28 North America: IoT Platform Application Market, By Country

Table29 North America: IoT Platform Application Market, By Platform

Table30 North America: IoT Platform Application Market, By Deployment

Table31 North America: IoT Platform Application Market, By Application

Table32 Europe: IoT Platform Application Market, By Country

Table33 Europe: IoT Platform End User Market, By Platform

Table34 Europe: IoT Platform End User Market, By Deployment

Table 35 Europe: IoT Platform End User Market, By Application

Table36 Asia-Pacific: IoT Platform End User Market, By Country

Table37 Asia-Pacific: IoT Platform End User Market, By Platform

Table38 Asia-Pacific: IoT Platform End User Market, By Deployment

Table 39 Asia-Pacific: IoT Platform End User Market, By Application

Table40 Middle East & Africa: IoT Platform End User Market, By Country

Table41 Middle East & Africa: IoT Platform End User Market, By Platform

Table42 Middle East & Africa: IoT Platform End User Market, By Deployment

Table43 Middle East & Africa: IoT Platform End User Market, By Application

Table44 South America: IoT Platform End User Market, By Country

Table45 South America: IoT Platform End User Market, By Platform

Table46 South America: IoT Platform End User Market, By Deployment

Table47 South America: IoT Platform End User Market, By Application

16 List Of Figures

LIST OF FIGURES

FIGURE 1 Global IoT Platform Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis Of The Global IoT Platform Market

FIGURE 4 Value Chain Of The Global IoT Platform Market

FIGURE 5 Share Of The Global IoT Platform Market, By Country, 2020 (In %)

FIGURE 6 Global IoT Platform Market, 2020–2027

FIGURE 7 Sub-Segments Of Platform

FIGURE 8 Global IoT Platform Market Size, By Platform, 2020

FIGURE 9 Share Of The Global IoT Platform Market, By Platform, 2020–2027

FIGURE 10 Global IoT Platform Market Size, By Application, 2020

FIGURE 11 Share Of Global IoT Platform Market, By Application, 2020–2027

FIGURE 12 Global IoT Platform Market Size, By Deployment, 2020–2027

FIGURE 13 Share Of Global IoT Platform Market, By Deployment, 2020–2027

FIGURE 14 Global IoT Platform Market Size, By End User, 2020–2027

FIGURE 15 Share Of Global IoT Platform Market, By End User, 2020–2027

IoT Platform Market

The global IoT platform market is expected to expand at 15.23% CAGR with a market value of USD 21.55 Billion in 2030.

$21.55 Billion

Market Size


15.23%

CAGR


North America

Dominating Region

2030

Forecast Period

Segmentation

Based on the Platform Lo T Platform Market Is Divided Into Connectivity/M2 M Platform Laa S Back End Hardware Specific Software Platform Consumer/ Enterprise Software Extension
Based on the Application Lo T Platform Is Divided Into Device Management Database Management Analytics Processing
Based on the End-Users Smart Cities And Homes Retail Health Care

Key Players

  • SAMSUNG
  • Robert Bosch GmbH
  • Ayla Networks Inc.
  • GENERAL ELECTRIC
  • KaaIoT Technologies LLC
  • The ThingsBoard Authors
  • SiteWhere LLC.
  • Siemens
  • Italtel S.p.A.
  • IBM
  • Cisco
  • Google
  • SAP SE
  • Apple Inc.
  • Vodafone Group Plc.
  • Accenture Plc
  • Time Inc.
  • Hewlett Packard Enterprise Development LP

Drivers

  • IoT platform markets include the demand for data storage over the cloud
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IoT Platform Market Overview:


loT platform refers to a joint effort made by various open source contributors to develop a new range of open large-scale intelligent loT which is the internet of things. The applications are made following whatever the utility cloud computing delivery model is made. The technology is well defined as a natural extension to cloud computing implications. loT enables access to additional and increasingly important loT based capabilities and resources. One also enjoys the offers of formulation and management of environments comprising loT resources which deliver on-demand utility and loT services. The global IoT platform market is expected to expand at 15.23% CAGR with a market value of USD 21.55 Billion in 2030.


Covid-19 Analysis:
Due to the complete shutdown manufacturing units were adversely affected. Lack of workers and government policies dragged the market down during the year 2019. Things still haven’t gotten better and this can affect the growth of the market. The process of vaccination was initiated this year and is still continuing. After lowering of cases due to vaccination, when the lockdown opens up completely.

IoT Platform Market Dynamics:
Drivers:
The factors that are majorly contributing to the IoT platform markets include the demand for data storage over the cloud. This is acting as the major contributor to the increasing demand for loT platforms. Some other factors that influence the growth of loT platforms include the increasing number of connected devices in a loT ecosystem which has led to an increase in transferring, downloading, uploading large volumes of data which is usually done by the enterprise's data centers. The rise in the need for reducing the cost of all the connected devices across the globe act as one of the major factors that fuel the growth of the open loT platform market.

Opportunities:
Factors that pose opportunities for the growth of the loT market include an increase in demand for the open loT platforms which have provided open-source codes to the public for its modifications from the original design. That is also the witness of the rise in the use of potato devices such as smartphones and tablets. People have also started adopting the platform knowing how easily it can be installed and its cost-effectiveness.

Restraints:
Those are factors that are expected to pose a hindrance to the growth of the loT platform. These factors include an increase in data security and privacy concerns among the customers. That is an immense increase in data theft, online scams, and hackers all around the internet. These factors are expected to obstruct the market growth of a loT of platforms. In addition to this, the lack of common standards is also projected as a challenge to the open loT market.

Value Chain Analysis:
There are many benefits of the loT platform. This prominent value and use include working on processes such as managing, processing, and transferring the information to and from any connected device. The transfer management and processing are usually done with the help of the internet. IoT platforms provide connectivity to various compatible hardware devices which include mobiles, laptops, wearable fitness devices, industrial control systems, automotive telematics units, drone units, etc. In addition to these benefits, IoT platforms are also scalable and cross-device compatible which offers ready-to-use features to accelerate the development of applications for any connected device. Enterprises use IoT platforms to manage their IoT components and integrate the same into different operations which can drive insightful business decisions.

IoT Platform Market Segmentation:
The loT platform market has been segmented based on the platform, based on the deployment, based on the application, based on the end-users, and based on the region.

Based on the Platform:
Based on the platform, the loT platform market is divided into connectivity/M2M platform, laaS back-end, hardware-specific software platform, and consumer/ enterprise software extension. The connectivity/M2M platform according to the analysis accounts for the largest market share in the year 2017. However, the hardware-specific software platform segment is expected to show the highest CAGR of 31.5% during the forecasted period.

Based on the Deployment
The Global loT platform based on deployment is classified into on-premises, cloud, and hybrid. The own premises segment accounts for about 28.5% in 2017 which is the largest market share. The hybrid segment accounts for the highest CAGR during the assessment period.

Based on the Application:
On the application basis loT platform is divided into device management, database management, analytics, and processing. The device management segment comprises the largest market share in 2017 while the analytics segment accounts for the highest registered CAGR of 32.7% over the next few years.

Based on the End-Users:
On the end-user basis, the global platform is divided into manufacturing, smart cities and homes, retail, health care, and others. The global IoT platform market is expected to expand at ~28.5% CAGR with a market value of 74.74 billion in 2023.

Based on the Region:
On a regional basis, the loT platform is segmented into the Asia Pacific, North America, Europe and the Middle East, and Africa and South America.

IoT Platform Market Regional Analysis:
On a regional basis, the loT platform is segmented into the Asia Pacific, North America, Europe and the Middle East, and Africa and South America.

According to the loT platform analysis, America is expected to show the largest loT platform market share. North America is expected to remain the dominant region during the forecasted period. The factors which made North America the largest market holder are due to the enterprises in these regions who have adopted cloud technology to a very large extent. This large extent has not yet been made in other regions in the world. Other factors include robust cloud infrastructure, an increasing number of connected devices, and advancements made in artificial intelligence and machine learning technologies. All these factors are set to influence as well as fuel the market of growth during the assessment period in the loT platform market.


IoT Platform Market Competitive Landscape:
The prominent key players of the DMS market in the global market are mentioned down below.


  • SAMSUNG

  • Robert Bosch GmbH

  • Ayla Networks Inc.

  • GENERAL ELECTRIC

  • KaaIoT Technologies LLC

  • The ThingsBoard Authors

  • SiteWhere LLC.

  • Siemens

  • Italtel S.p.A.

  • io

  • IBM

  • Cisco

  • Google

  • SAP SE

  • Apple Inc.

  • Vodafone Group Plc.

  • Accenture Plc

  • Time Inc.

  • Hewlett Packard Enterprise Development LP

  • SAMSUNG

  • Intel Corporation

  • Microsoft

  • Oracle

  • PTC

  • Amazon Web Services Inc.

  • Happiest Minds

  • HARMAN International


All these prominent key players play a major road in the dynamics and growth of the DMS market. These companies have adapted various strategies including acquisitions, establishments, collaborations, mergers, new production processes, innovations, extensions, joint ventures, technology widening the existing products, partnerships, etc, to develop a strong growth base.


Recent Developments:
Given below are some recent developments seen in the global IoT market-


  • Various companies have improved and advanced in several capabilities such as expertise, speed, and agility which helps to manage the loT data resources.

  • Developments are made to increase backup servers and mitigate risks while guaranteeing enough time, system availability, and speed.


Report Overview:
The global DMS market in the global market research report consists of the following elements which are mentioned down below-


  • Market overview

  • Covid 19 analysis

  • Market dynamics

  • Value chain analysis

  • Market segmentation

  • Regional analysis

  • Competitive landscape

  • Recent developments


In the global DMS market research report, there are major factors that drive the growth of the market. The report consists of opportunities that may further in the future and hands the global market of DMS. Various factors restrain the growth of the loT platform and hamper the development of such a fine-based market. The research report also consists of various analyses based on Covid 19 impact market dynamics, different segmentations, regional analysis, and the DMS market. We have also discussed the CAGR and future market value in this report.

Report Scope:
Report Attribute/Metric Details
  Market Size   USD 21.55 Billion
  CAGR   15.23%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Platform, Application
  Geographies Covered   North America, Europe, Asia-Pacific
  Key Vendors   SAMSUNG Robert Bosch GmbH Ayla Networks Inc. GENERAL ELECTRIC KaaIoT Technologies LLC The ThingsBoard Authors SiteWhere LLC. Siemens Italtel S.p.A.
  Key Market Opportunities   This is acting as the major contributor to the increasing demand for loT platforms.
  Key Market Drivers   That is also the witness of the rise in the use of potato devices such as smartphones and tablets.


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Frequently Asked Questions (FAQ) :

The device management segment is the leading application in the global market, while the analytics segment can achieve the fastest growth rate of 15.23% in the coming years.

Companies operating in the global IoT platform market mainly focus on product innovation to develop robust IoT platforms. They also adopt strategies like partnerships and collaborations to leverage their technological capabilities and also come up with creative service offerings.

The adoption of hybrid deployment models has increased significantly owing to their better operational productivity, security and agility.

The enterprises in North America are increasingly opting for cloud technology compared to every other region in the global market. In addition, increasing cloud infrastructure support, rising number of connected devices and developments in artificial intelligence as well as machine learning technologies have induced market growth in the region.

Mounting demand for data storage in cloud stands as one of the chief reasons for the strong growth of the enterprise IoT platform market. Growing number of connected devices in the IoT ecosystem has given way to surge in downloading, transferring and uploading of massive volumes of data done by enterprise data centers. This is another factor that can benefit the global IoT platform market during the forecast period.