The global Internet of Things (IoT) platform market size was USD 9 Billion in 2022 and is expected to register a rapid revenue CAGR of 15.0% during the forecast period. Increasing proliferation of IoT devices and shift from on-premises to cloud-based data management strategy, rising government initiatives for Research Development (RD) activities related to Internet of Things (IoT) are key factors driving market revenue growth.
The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report estimates the market for IoT Platform according to the impact of COVID-19.
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The leading market contenders listed in the report are:
Cisco Systems, Inc., Amazon Web Services, Inc., Microsoft, IBM, Google, Oracle, GE DIGITAL, Particle Industries, Inc., Bosch.IO GmbH, Alibaba Cloud, Telit, Siemens, PTC, Hitachi, Ericsson, SAP, Relayr, Huawei, C3 IoT, and Sierra Wireless
Key reasons to buy the Global IoT Platform Market report:
- The latest report comprehensively studies the global IoT Platform market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Market Segmentations of the IoT Platform Market
Platform Outlook (Revenue, USD Billion; 2019-2032)
- Internet Connectivity
- IaaS Backend
- Hardware-Specific Software
- Consumer/Enterprise Software Extension
Deployment Outlook (Revenue, USD Billion; 2019-2032)
- On-Premises
- Cloud
- Hybrid
Service Outlook (Revenue, USD Billion; 2019-2032)
- Training and Consulting
- Integration and Deployment
- Support and Maintenance
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Regional Outlook of the IoT Platform Market
The global IoT Platform market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global IoT Platform market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Key reasons to buy the Global IoT Platform Market report:
- The latest report comprehensively studies the global IoT Platform market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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