In a recently published report, IoT Cloud Platform Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for IoT Cloud Platform Market products.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global IoT Cloud Platform Market is valued approximately at USD 5.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 12.6% over the forecast period 2020-2027. The Internet of Things has emerged as a significant IT-world platform for data and information sharing.. The interconnection of physical devices, buildings, vehicles and other items integrated with network connectivity, actuators, software, sensors and electronics enables objects to accumulate and exchange data is called the Internet of Things The increasing adoption of smart, connected devices and the increased operational efficiency are the driving factors. According to Statista, the total installed base of connected Internet of Things (IoT) devices is projected to reach 75,44 billion worldwide by 2025,
a five-fold increase in ten years. The lack of a technically qualified workforce and the complexities of unstructured data management is the restraining factor. As per the research published by SRD(Statista Research Development), the installed base of IoT devices is expected to jump from about five billion in 2015 to nearly 31 billion by 2020, with the consumer sector accounting for the majority of these units. The cost-effective and the easy deployment cloud data storage is the opportunity factor. The next-generation 5G mobile connection technology, with a forecast 1.3 billion subscriptions by 2023, would be a major boost to IoT ‘s application in daily life.
The regional analysis of global IoT Cloud Platform market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is expected to lead the global IoT cloud platform market in the coming years and will account for a key share of the overall market. This region’s robust growth can be attributed to the high level of adoption by several industries, and technological developments are some of the key factors anticipated to accelerate the growth of the North American IoT cloud platform market. Due to the significant adoption of advanced technologies, the proliferation of IoT-enabled devices, the continuous enhancement of network connectivity, and government initiatives for IoT, the Asia Pacific (APAC) IOT cloud platform market is expected to record the highest growth rate during the forecast period.
Major market player included in this report are:
AWS Group
Google LLC
IBM corporation
Microsoft Corporation
Salesforce.com
General Electric
PTC Inc
Samsung
Sap SE
Teli Communications
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Platform:
Device Management
Connectivity Management
Application enablement
By End Use:
Home Automation
Wearable Technology
Healthcare
Smart City
Industrial Automation
Others
By Deployment Model
Public
Private
Hybrid
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global IoT Cloud Platform Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. IoT Cloud Platform Market, by Region, 2018-2027 (USD Billion)
1.2.2. IoT Cloud Platform Market, by Platform, 2018-2027 (USD Billion)
1.2.3. IoT Cloud Platform Market, by End Use, 2018-2027 (USD Billion)
1.2.4. IoT Cloud Platform Market, by Deployment Model, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global IoT Cloud Platform Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global IoT Cloud Platform Market Dynamics
3.1. IoT Cloud Platform Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global IoT Cloud Platform Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
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