Global Internet of Things (IoT) Cloud Platform Market Trends, Size, Forecast - 2019-2025
Internet of things(IoT) cloud platform market is expected to grow at a considerable rate during the forecast period 2019-2025. Internet of Things (IoT) cloud platform is one of the cloud platforms which is used for storing the IoT data. The key function of the IoT cloud platform is that it takes a significant volume of data from websites, devices, customers, and applications and process such data to generate real-time responses. It is used in numerous applications, thereby creating numerous opportunities for the growth of the market. IoT cloud platform can provide business organizations an in-depth analysis of consumer behaviors, thereby reducing the requirement of technical expertise of data analyst. It is significantly used for improving the operational efficiency of an organization.
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IoT cloud platform is very cost effective, which certainly increases its demand across the globe. This is one of the key driving factors which is expected to promote the growth of the market. Furthermore, as technology advances, it is expected to further increase the introduction of advanced IoT cloud platforms across the globe. This is expected to further promote the growth of the market in the near future. However, the lack of skilled manpower can derail the growth of the market in the future. Moreover, due to the risk associated with data privacy, it is expected to create challenges for the adoption of IoT cloud platform.
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Global IOT Cloud Platform Market Segmentation
By Deployment Model
Public
Private
Hybrid
By Platform
Drug Discovery
Connectivity management
Device Management
Application Enablement Platform
By Application
Industrial Automation
Healthcare
Logistics
Retail
Others
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
Altair Engineering, Inc.
Amazon Web Services, Inc.
Applied Informatics GmbH
Bosch Software Innovations GmbH
Cisco Systems, Inc.
CloudPlugs, Inc.
General Electric Co.
Google, LLC
IBM Corp.
KaaIoT Technologies, LLC
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