What is 3rd Platform Market Scope?
The 3rd platform is a third major technological platform first introduced by International Data Corporation (IDC) for a model of a computing platform. This platform is built on the foundation of mobile devices, cloud computing, social networking, and Big Data and associated analytics. It enables the all-important, and digital transformation, evolution expansion of every industry over the next several years and beyond. Business strategists, IT leaders, and solution developers are already conceiving and building disruptive new business and consumer services and business models, effectively reinventing their industries. According to IDC, by 2020, the 3rd platform will account for 40% of IT spending. Business innovation budgets are increasingly centered on 3rd platform technologies it will account for 95% of the cumulative growth in investment. This platform will focus on the industry-specific needs of enterprises. The 3rd platform is being used to digitally transform entire industries and develop major new sources of competitive advantage. Millions of industry-specific cloud service platforms and marketplaces will emerge and this will boost the growth of the global 3rd platform market.
Influencing Trend:
Advent of Big Data in 3rd Platform
Market Growth Drivers:
Retailer Taking Benefit of Online and Mobile Platform, Financial Firms revamping Payments using 3rd Platform Solutions, The Delivery of Services from the Cloud, Mobile Device, and Social Networks and Increasing Adoption Owing to Low Cost and Ease of Use
Challenges:
Lack of Skilled Professionals and Shifting Equipment Life Cycles and Security Concerns
Restraints:
Change From the Previous Computing Paradigm is Costly and Risky and Lack Of Verification Of Cloud And Mobile Data
Opportunities:
Organizations Investment in 3rd Platform Technologies, Growing Use of 3rd Platform in Healthcare For Providing Information to Patients at Key Decision Points, Government Agencies Using 3rd Platform to Improve Services and Reduce Cost, Leverage Industry-Specific Cloud Platforms and Increasing Software as a Service (SaaS) based Delivery Models
The 3rd Platform market study is being classified, by Application and major geographies with country level break-up.
The global 3rd platform market is fragmented due to the presence of numerous key players who have high bargaining power. The IT companies are constantly looking to maximize the use of 3rd platform innovations as it is a new emerging computing platform. The key players re retooling their skills and practices for the development of 3rd platforms. To gain a competitive edge in the market, these providers are highly investing in R&D to develop innovative solutions and stay updated with the emergent technologies that could influence their services. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global 3rd Platform market throughout the predicted period.
Accenture Plc (Ireland), Redhat Inc. (United States), Amazon.com, Inc. (United States), Google Inc. (United States), IBM Corporation (United States), Dell EMC (United States), Tata Consultancy Services Ltd. (India), Cisco Systems, Inc. (United States), Sprout Social, Inc. (United States), Oracle Corporation (United States), Rackspace Hosting, Inc. (United States), Rightscale Inc. (United States), Mobileiron, Inc. (United States), Skyhigh Networks, Inc. (United States), Splunk Inc. (United States), Adobe Systems Incorporated (United States), Citrix Systems Inc. (United States), Microsoft Corporation (United States) and Salesforce.com, Inc. (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global 3rd Platform market by Type, Application and Region.
On the basis of geography, the market of 3rd Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In July 2022, In its third acquisition of the year, M2p Solutions, the owner of the payments infrastructure platform M2P Fintech, successfully purchased Syntizen, a service provider specializing in identity verification.
In July 2022, Threedium collaborated with Lightspeed to improve and enhance the B2B purchasing experience. By integrating Threedium's 3D technology into the NuORDER platform by Lightspeed, brands now have the ability to incorporate interactive, 3D product visualizations into their digital line sheets, catalogs, and virtual showrooms.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, 3rd Platform Providers, IT Vendors, Cloud Provides, Marketing Consultants, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Users Industry
3rd Platform Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Analyst View
Research Says, "The magnitude shift from the 2nd Platform to the 3rd Platform will boost the market demand for 3rd platform in coming years. The 3rd platform effectively brings together a range of separate technologies that enables to connect any device with an IP address. The 3rd platform has become the dominant strategic priority for enterprise IT leaders and will represent 95% of the growth in strategic IT investments over the next seven years. The 3rd platform can allow companies to learn more from data, turning that resource into actionable information. Regardless of the industry, organizations can take information from data sets and utilize it for forecasting and scenario planning."
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in 3rd Platform Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in 3rd Platform industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.