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IoT Cloud Platform Market by Platform, Deployment Model, Organization Size, Application Area, Service - Global Forecast to 2021

IoT Cloud Platform Market: Global Forecast until 2021

  • September 2016
  • 154 pages
  • ID: 4194695
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"The evolution of high speed networking technology across the world and the growing adoption of connected and intelligent devices are some of the factors projected to drive the Internet of Things cloud platform market"

The IoT cloud platform market size is forecasted to grow from ~$1.9B in 2016 to ~$7.2B by 2021, at a CAGR of 30.60 percent. The rise is assigned to the rising adoption of smart devices by consumers all around the globe, which is growing the industry demand for better network connectivity. The increasing number of internet users in the Asia-Pacific due to the presence of increasing economies and rising infrastructure needs are driving the increase of the market in the area; high technological spending in North America (NA) and Europe (EU) are also contributing to the rise of the IoT cloud platform market in these areas. Nevertheless, lack of uniform IoT standards is restraining IoT cloud platform increase.

"Increasing smart city projects and healthcare IT systems are anticipated to gain noticeable traction during the outlook period"

The smart city projects segment is anticipated to grow at the highest compound annual growth rate (CAGR) among the application areas during the estimate period. IoT cloud platforms offer ideal technology for urban development where it can enhance the quality of life with improved technology, augment economic structure, and direct environmental change to be in the interest of smart cities.

"North America continent is anticipated to witness a high increase potential during the outlook period"

North America (NA) is forecasted to account for the biggest market share in 2016. The drivers responsible for the rise of IoT cloud platform market in North America continent are stable economy, technological improvements, and newer infrastructure demands. With the growing use of IoT cloud platform solutions in government & other industry verticals including retail, automotive, financial, healthcare, utilities, and manufacturing in the U.S.A, the IoT cloud platform market is set to grow at a quick pace in the territory.

In the process of finding out and checking the market value for various segments and subsegments collected by secondary research, extensive primary audit sessions were managed with main industry personnel. The break-up profile of primary discussion participants is presented below.

- By Company category: Tier-1 (35.0 percent), Tier-2 (40.0 percent), and Tier-3 (25.0 percent) firms

- By Description: C-suite (40.0 percent), D-level (30.0 percent), and others (30.0 percent)

- By area: North america (NA) (40.0 percent), Asia-Pacific (25.0 percent), Europe (20.0 percent), and Rest of World (15.0 percent)

The study carries discussion on several IoT cloud platform segments, including by platform (device management, connectivity management, application enablement), by application area (home automation, wearable technology, smart city, industrial automation, connected transportation, healthcare, smart retails, smart agriculture, connected logistics, others), by service, by deployment model (private, public, hybrid), by organization size (small and medium businesses, big enterprise).

The analysis will facilitate the market top players/new sector entrants in IoT cloud platform market in these ways:

1. The IoT cloud platform document breaks down the market into different sub-segments covering this sector overall. The market research offers the closest approximations of the market size for the global market and the subsegments.

2. The IoT cloud platform report will facilitate in the understanding of the competitors better and acquire additional insights to strengthen one's market position. There is a separate division on opposing landscape, which comprises competitor landscape and mergers and acquisitions, alliances, and collaborations. Also, there are company profiles of the top ten actors in the IoT cloud platform market, where industry internals that can put one ahead of the competitors, have been provided.

3. The IoT cloud platform report also helps in understanding the global increase of the market. It offers info on main market drivers, market restraints, opportunities, and alternatives.

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