IoT Cloud Platform Industry 2021
The report titled as a global Internet of Things (IoT) Cloud Platform Market has recently added by Absolute Markets Insights to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.
The author of the report analyzed that the Global Internet of Things (IoT) Cloud Platform Market accounted for US$ 2.42 billion in 2017. IoT enables the merging of several platforms utilizing internet as the backbone of communication system to establish a smart interaction between people and surrounding objects. Cloud, being a crucial component of IoT, offers many application specific services.
Internet of Things (IoT) Cloud Platform is a platform offered by a service provider as a hosted service which enables the deployment of software applications without the cost and complexity of acquiring and managing the underlying hardware and software. The increasing use of IoT devices in healthcare sector is driving the market. The usage of a number of IoT healthcare devices, which include real time oximeter, smart watches, glucometer and pace-maker have risen significantly. The increased use of these devices is accelerating the growth of Internet of Things (IoT) Cloud Platform market. However, cases of confidential data leakage and lack of knowledge about these platforms has hampered the progress of this market.
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Major Key Players:
Some of the primary participants in global Internet of Things (IoT) Cloud Platform market are Amazon Web Services, Google Inc., International Business Machines Corporation (IBM), Microsoft Corporation, Salesforce.com Inc., General Electric, PTC, SAP SE, Telit, Scinan IoT, Samsung amongst others. In February 2018, Google Inc. released its Cloud IoT Core Platform, which is a fully managed service for connecting, managing and ingesting data from IoT devices. Once the data has been ingested, users can use Cloud IoT Core to push data to Google’s cloud databases, analytics tools, serverles platform and machine learning services.
Key findings of the report:
The device management type is dominating the Internet of Things (IoT) Cloud Platform Market. Device management grants permissions, organizes devices into groups, monitors and troubleshoots device functionality, and send remote updates to devices. The rising adoption of Internet of Things (IoT) Cloud Platform s in small and medium businesses has led to an increased demand for the device management segment.
Market Segmentation
Internet of Things (IoT) Cloud Platform Market – By Type
Device Management
Connectivity Management
Application Enablement
Internet of Things (IoT) Cloud Platform Market – By Application
Home Automation
Wearable Technology
Smart City
Industrial Automation
Connected Transportation
Healthcare
Smart Retail
Smart Agriculture
Connected Logistics
Others
Market By Region
North America
U.S.
Rest of North America
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Southeast Asia
Rest of Asia Pacific
Middle East and Africa
GCC Countries
Southern Africa
Rest of Middle East and Africa
Latin America
Brazil
Rest of Latin America
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Absolute Markets Insights
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The global report on the “Internet of Things (IoT) Cloud Platform Market”, as discussed by Market Research Future (MRFR) analysts, reveals scopes for an expansion up to a valuation of USD 8.67 bn by 2023.
The large scale integration of IoT technology in the transportation sector is estimated to benefit the Internet of Things (IoT) cloud platform industry.
Moreover, the increasing demand for device management is estimated to positively reinforce the expansion of the Internet of Things cloud platform market in the impending period.Segmentation:The global Internet of Things (IoT) cloud platform market has been studied on the basis of a segmentation that includes application, deployment, platform, service, organization size, and vertical.By platform, the market has been reviewed on the basis of connectivity management, device management, and application enablement.By deployment, the report includes segments like public, private, and hybrid.By organization size, the review includes a study of large enterprise and small and medium enterprise.By service, the report on the market comprises managed services and professional services.By application, the market review assessed segments like wearable technology, smart agriculture, smart city, home automation, industrial automation, smart transportation, and others.By vertical, the global market report included segments like retail, finance, healthcare, automotive & transportation, government, hospitality, consumer electronics, industrial manufacturing, media & entertainment, education, and others.Competitive Landscape:The global market for Internet of Things (IoT) cloud platform includes a study of companies like IBM Corporation, Microsoft Corporation, Google, Ayla Network, AWS Group, SAP SE, Hauwei Technologies, Artik Cloud, GE, Salesforce.com, AT, Cisco system, and Telit.
These companies ensure growth for the market by deploying various strategic models to create a space for better revenue-generation process.
However, the COVID-19 pandemic has influenced the strategic procedures and forced companies to find out a different plan for the coming years.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/6843 Regional Analysis:North America’s infrastructural scope and investment opportunities would back the market growth.
