Market Dynamics:
The IoT Cloud Platform Market is expected to promise high growth owing to increasing demand for intelligent devices in recent years. Increasing demand from applications including wearable technology, home automation, smart city, and others is expected to drive the growth of the IoT cloud platform market. This market has witnessed a number of key developments by major companies including Salesforce.com, AWS (Amazon Web Services), Google, Apple Inc., IBM Corporation, and others with a focus on organic as well as inorganic growth strategies. Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies.
The Internet of Things (IoT) involves devices connected to the Internet to perform the processes and services that support consumers’ daily actions. Cloud computing offers several advantages to IoT. It is based on the concept of enabling users to perform computing tasks using services, on the cloud, delivered entirely over the internet.
The integration of the IoT cloud platform helps enterprises’ IT framework to monitor, analyze, and control the main network connectivity. The application enablement platform segment is expected to witness high growth, as it assists the quick development of apps.
Key Factors Impacting Market Growth:
- Rising demand for intelligent devices
- High-speed networks boost market growth
- Scope for improvement with regards to security on cloud platforms
Regional Analysis:
By region, the IoT cloud platform market is estimated to be dominated by North America, Western Europe, and the Asia Pacific during the forecast period. With technological advancements and a cluster of global companies operating in these regions, these regions hold key to the growth and development of IoT cloud platform market during the forecast period. Most of the leading companies have operations in these regions to cater to the potential end users in the respective region.
The North America IoT cloud platform market is further segmented by US, Canada, and Mexico, whereas Germany, UK, France, Italy are estimated to be some of the major markets in Western Europe. Asia Pacific region is segmented by China, Japan, South Korea, India, and Australia. Middle East and Eastern Europe are estimated to be potential markets with growing demand during the forecast period. Major countries in these regions include Russia, UAE, Saudi Arabia, Israel, and others.
Companies Covered: Salesforce.com, AWS (Amazon Web Services), Google, Apple Inc., IBM Corporation, Microsoft Corporation, SAP SE, Samsung Cloud, Cisco, Artik Cloud, Huawei Technologies, AT&T, and Telit…
Market Segmentation:
By Platform:
- Device Management
- Connectivity Management
- Application Enablement
By Service Model:
- SaaS
- PaaS
- IaaS
By Deployment Model:
- Private
- Public
- Hybrid
By Application:
- Wearable Technology
- Home Automation
- Smart City
- Smart Agriculture
- Industry Automation
- Healthcare
By Region:
- North America
- By Country (US, Canada, Mexico)
- By Platform
- By Service Model
- By Deployment Model
- By Application
- Western Europe
- By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
- By Platform
- By Service Model
- By Deployment Model
- By Application
- Eastern Europe
- By Country (Russia, Turkey, Rest of Eastern Europe)
- By Platform
- By Service Model
- By Deployment Model
- By Application
- Asia Pacific
- By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
- By Platform
- By Service Model
- By Deployment Model
- By Application
- Middle East
- By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
- By Platform
- By Service Model
- By Deployment Model
- By Application
- Rest of the World
- By Region (South America, Africa)
- By Platform
- By Service Model
- By Deployment Model
- By Application
Reasons To Buy This Report:
- Market size estimation of the IoT cloud platform market on regional and global basis
- Unique research design for market size estimation and forecast
- Profiling of major companies operating in the market with key developments
- Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
- By Segment
- By Sub-segment
- By Region/Country
For more information, contact: sales@quincemarketinsights.com