IoT Cloud Platform Market Scope
IOT cloud is a platform that is designed to store and process Internet of things data. It consists of scalable and fully-managed cloud services. The platform is built to take in the massive volumes that are generated by sensors, websites, application, customers and partners and initiate actions for real-time responses.
According to AMA, the Global IoT Cloud Platform market is expected to see growth rate of 28.14% Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global IoT Cloud Platform market throughout the predicted period.
Amazon Web Services (United States), Google (United States), International Business Machines (United States), Microsoft (United States), General Electric (United States), Ptc (United States), Samsung Electronics (South Korea), Telit (Italy) and Salesforce (United States) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global IoT Cloud Platform market , by Application (Home Automation, Wearable Technology, Smart City, Industrial Automation, Connected Transportation, Healthcare, Smart Retail, Smart Agriculture, Connected Logistics and Others) and Region with country level break-up.
On the basis of geography, the market of IoT Cloud 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 Growth Drivers:
Growing Adoption of Connected and Intelligent Devices, Evolution of High-speed Networking Technologies and Increased Operational Efficiency
Challenges:
Security and Privacy Concern and Lack of Data Management and Interoperability
Restraints:
Stringent Government Rules and Regulations and Lack of IoT Skills
Opportunities:
Increasing Adoption of IoT Around the Globe and Growing Demand for System Integrators
In July 2016, Google Inc. a multinational technology company that specializes in Internet-related services and products acquired Anvato, a U.S. based company providing cloud-based video editing. The acquisition allowed Anvato to gain scalable technology and the power of the Google cloud platform to offer OTT and mobile video.
Key Target Audience
Semiconductor companies, Embedded systems companies, Application developers and aggregators, Managed service providers and middleware companies, Wireless infrastructure providers and service providers, Data management and predictive analysis companies, Sensor, location, and detection solution providers, Internet identity management, privacy, and security companies and Machine-to-Machine (M2M), IoT, and telecommunications companies
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.