In 2018, the global IoT Platforms market size was 1340 million US$ and it is expected to reach 9960 million US$ by the end of 2025, with a CAGR of 28.5% during 2019-2025.
An IoT platform means cloud-based and on premise software packages and related services that enable and support sophisticated IoT services. Speak specifically, An IoT platform combines several software functions into one solution to enable companies to develop and deploy Internet of Things solutions faster, better and cheaper.
PTC (ThingWorx), Cisco (Jasper) and Microsoft captured the top three revenue share spots in the IoT Platforms market in 2016. PTC (ThingWorx) dominated with 7.92% revenue share, followed by Cisco (Jasper) with 7.44% revenue share and Microsoft with 4.77% revenue share.
Despite the presence of competition problems, due to the clear global recovery trend, investors are still optimistic about this area, increasingly complex IoT solutions require more advanced communication platforms and middleware that facilitate seamless integration of devices, networks and applications. There is a wide range of software platforms developed for the purpose of supporting and enabling IoT solutions. The intention is to enable rapid development and lower costs by offering standardised components that can be shared across multiple solutions in many industry verticals, in future still more new investment will enter into the field. Technology and cost are two major problems.
The “IoT Platforms Market Research” gives a clear understanding of the current market situation which includes of antique and projected upcoming market size based on technological growth, value and volume, projecting cost-effective and leading fundamentals in the IoT Platforms market. IoT Platforms industry report is to recognize, explain and forecast the global IoT Platforms industry based on various aspects such as explanation, application, organization size, distribution mode and region. The IoT Platforms Market report purposefully analyses every sub-segment regarding the individual growth trends, contribution to the total market, and the upcoming forecasts.
TOP MOST PLAYERS:
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Market segment by Type, the product can be split into
Market segment by Application, split into
The IoT Platforms report is an exclusive elaborated study of the given industry with an aim towards the global market trend. The report focuses to deliver a synopsis of global IoT Platforms Market with in-depth market segmentation by several market players, suppliers and distributors of IoT Platforms. The global market of this industry is anticipated to experience lucrative growth during the forecast period. The report delivers prime statistics on the market status of the market manufacturers who are existent leaders and provides key opportunities and trends in the market.
Global IoT Platforms Market Size, Status and Forecast 2025 presents an in-depth assessment of the IoT Platforms industry including enabling technologies, deployment models, market drivers, key trends, standardization, regulatory landscape, challenges, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for IoT Platforms Market investments from 2018 till 2025.
The study objectives of this report are:
To analyze global IoT Platforms status, future forecast, growth opportunity, key market and key players.
To present the IoT Platforms development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
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