IoT Cloud Platforms Market Scope
The rising number of IoT devices in various application areas will help to boost the global IoT Cloud Platforms market in the forecasted period. An IoT platform works on a multi-layer technology that manages, processes, and transfers the information to and from connected devices with the help of the Internet. Millions of wearable devices have been deployed across the globe during the COVID-19 pandemic outbreak for various applications such as healthcare, environmental monitoring, work-from-home infrastructure, VPN networking, and collaboration tools. IoT cloud platforms play a crucial role in connecting these devices to the internet. Thus, the IoT cloud platform market has a positive impact across the world.
The market study is being classified, by Application (Building and Home Automation, Smart Manufacturing, Smart Transportation, Connected Healthcare, Smart Retail, Smart Grid and Utilities and Others) and major geographies with country level break-up. According to AMA, the Global IoT Cloud Platforms market is expected to see growth rate of 12.6%
The increasing number of players expected to enter the global market is estimated to strengthen the competitive analysis throughout the forecast period. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global IoT Cloud Platforms market throughout the predicted period.
AWS (United States), Microsoft (United States), Google (United States), Cisco Systems (United States), IBM (United States), Oracle (United States), Salesforce.com (United States), SAP (Germany), PTC (United States) and Samsung (South Korea) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Bosch.IO (Germany), Autodesk (United States), AT&T (United States), Alibaba Cloud (China), Telit (United Kingdom), Siemens (Germany), GE Digital (United States), Ubidots (Colombia), Zoho Corporation (United States) and Particle (United States).
AdvanceMarketAnalytics has segmented the market of Global IoT Cloud Platforms market by Type, Application and Region.
On the basis of geography, the market of IoT Cloud Platforms has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On 24th February 2020, Microsoft Azure Security Center for IoT extended the support for Azure Real-Time Operating System (RTOS), in addition to Linux (Ubuntu, Debian), and Windows 10 IoT Core Operating Systems
On 6th January 2020, AWS partnered with BlackBerry, to develop a safe, secure, and intelligent connected vehicle software platform for in-vehicle applications.
- The cost-effective and the easy deployment cloud data storage and the evolution of high-speed networking technologies
- Increasing adoption of wearables
- The rising adoption of intelligent and connected devices and the increased operational efficiency are some of the vital aspects
- Growth in the adoption of a work-from-home policy
- Upsurging demand for telemedicine
- Drones for enforcement of compliance
- The absence of IoT technology skills and the absence of uniform IoT standards
- The lack of privacy, data security, data management
Key Target AudienceService Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
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