IoT Platform as a Service: Worldwide IoT Platform Market Opportunity, Competition and Forecast 2018 to 2025

IoT is at the core of digital transformation, with more than 70% of organisations either evaluating or currently deploying IoT. Manufacturing, Healthcare, Transportation and Utilities make up the largest percent of investments, while insurance and consumers represent the fastest growing market segment.

In order to get value from the Internet of Things (IoT), it helps to have a platform on which to create and manage applications, to run analytics, and to store and secure your data. The IoT platform space is important, but crowded and confusing. There are over 200 options to choose from.

This is an immature market and players not highly focused. Platform providers are still struggling with issues like data wrangling, security, and local automation.

This has opened up the door to innovation and added a new dimension to the global competition among IoT platform providers. The research projects that IoT platform market will grow to become a US$ 22 billion industry in 2025, growing at a CAGR of 17% during 2018-2025.

David Brown, Senior Analyst said, “If platform providers are willing to stay relevant in the IoT market, they need to work together with suppliers of other transformative technologies to provide the most valuable functions and components. For instance, healthcare applications require data integration with IT systems, notification alerts, reports, high level security, predictive maintenance, remote management through VPN, and advanced analytics features.”

This IoT Platform Research provides critical analysis of the key business models, strategies and developments, whilst providing insights into the future of the IoT platforms. In-depth analysis of the different platform types such as network, endpoint, application, and cloud is presented across geographies. The research charts key macro trends, IoT platform technology innovation trend, IoT player strategies, and is a must-have purchase for both leaders and start-ups looking to establish a position in this sector.

This insightful IoT platform research provides in-depth analysis of the future outlook for the IoT platforms in terms of capabilities, service provider opportunities as well as key market forces.

This research includes analysis and forecasts for major stakeholders of the IoT platform market. The research also provides analysis and forecasts for the application of IoT platforms across key industry sectors, including Industrial Automation, Factory and warehouse, Healthcare, Automotive, Supply Chain/Fleet Management, Oil and Gas, Agriculture, Entertainment & Media, and Military & Aerospace.

Unique Attributes:
1. Maneuvering ‘smart’ IoT Platform
2. Adaptation of IoT platform with emerging technologies such as edge computing and blockchain
3. Measures for evaluation and selection of Ideal IoT platform

Questions Answered by the Report:
1. What are the most critical platform related issues faced by companies that develop new IoT based solutions?
2. What are various breakthrough innovations in IoT platform? What is their scope and importance?
3. How these new innovations can help IoT service provider in assuring successful and agile IoT deployments?
4. What are ‘smart’ IoT platforms? What are their benefits across verticals?
5. What emerging technologies and services are driving the IoT platform market?
6. Which type of IoT platforms is going to be more demandable in the coming years? And, what are the key reasons for their growing demand?
7. What is the projected market potential of IoT platform during the next 5 years?

Companies Mentioned in the Report:
Aeris, Avnet, Bosch, HPE, Huawei, IBM, IoT.nxt, Microsoft, MTN, ThingWorx, ZTE.

Target Audience:
IoT Players, Chip Manufacturers, Sensor Manufacturers, Battery Manufacturers, Semiconductor Companies, IoT Platform Providers, IoT Device Manufacturers, Original Equipment Manufacturers (OEMs), Original Design Manufacturers (ODMs) and OEM Technology Solution Providers, Research Organisations, Technology Standard Organisations, Forums, Alliances and Associations, Technology Investors, Governments, Financial Institutions, and Investment Communities, Analysts and Strategic Business Planners.