Global IoT Cloud Platform Market Size study with COVID Impact, by Platform (Device Management, Connectivity Management, Application enablement) by End Use (Home Automation, Wearable Technology, Healthcare, Smart City, Industrial Automation and others) by Deployment Model (Public, Private and Hybrid) and Regional Forecasts 2020-2027

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

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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