Pune, India -- (SBWIRE) -- 03/21/2019 -- Industry Overview of IoT Platforms Market
The global IoT Platforms market research report studies market overview defining; definition, types, applications latest trends to identify the revenues and the progress of the market over the forecast period. The report offers the preventive and premeditated management along with emphasizes the summary of the global IoT Platforms market along with classifications and market chain structures. It also highlights authorized statistics of the global IoT Platforms market.
The global IoT Platforms market is valued at 1340 million USD in 2018 and is expected to reach 6110 million USD by the end of 2024, growing at a CAGR of 28.8% between 2019 and 2024.
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Scope of the Report:
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.
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The information presented in this report provides an overview of the latest trends and development plans, patterns, and policies observed in the global market. Moreover, the study provides an analysis of the latest events such as the technological advancements and the product launches and their consequences on the global IoT Platforms market.
The research methodology of the market involves both primary as well as secondary research data sources. It commits different factors affecting IoT Platforms industry such as market environment, various policies of the government, past data and market trends, technological advancements, upcoming innovations, market risk factors, market restraints, and challenges in the industry.
Market Segment by Companies, this report covers, PTC (ThingWorx), Cisco (Jasper), Microsoft, Google, IBM, Intel, SAP, Oracle, Amazon , Telit, General Electric, Gemalto, Zebra Technologies, AT&T, Xively (LogMeIn), Aeris, Exosite, Particle, Ayla Networks, relayr, Bosch Software Innovations, Teezle
Market Segment by Type, covers, Consumer IoT, Business IoT
Market Segment by Applications, can be divided into, Home Automation, Wearable Technology, Smart City, Industrial Automation, Connected Transportation, Healthcare, Others
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The study objectives of this report are:
To study and forecast the market size of IoT Platforms in global market.
To analyze the global key players, SWOT analysis, value and global market share for top players.
To define, describe and forecast the market by type, end use and region.
To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each sub market with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
To strategically profile the key players and comprehensively analyze their growth strategies.
At last, It includes the methodical description of the various factors such as the IoT Platforms market growth and a detailed information about the different company's revenue, growth, technological developments, production and the various other strategic developments.
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