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Learn details of the IoT cloud platform global market outlook 2017-2023

IT Market Research

According to Stratistics MRC,the Global IoT Cloud Platform Market is accounted for $1.98 billion in 2016 and expected to grow at a CAGR of 32.1% to reach $13.96 billion by 2023.

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Factors such as are low-cost wireless connectivity, growth in automotive sector & utilities, increasing demand for system integrators, data driven smart cities, evolution of high-speed networking technologies and increasing adoption of connected and intelligent devices are driving the market growth.

However, shortage of IoT technology skills, lack of data management and interoperability and dearth of data security and privacy are hampering the market growth.

Sample Copy of This Report: marketreportscenter.com/request-sample/571522

Based on Application, in Smart City, solutions contain wide variety of sensors and data sources.

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These include temperature, humidity, noise, gas, and motion sensors, cameras, mobile devices, network sniffers, smart meters, water meters and other devices that collectively monitor and optimize city operations while enhancing services. The smart waste collection technology sector is still in an early phase, but Smart Bins have now started to be used for waste collecting. 

North America is expected to dominate the market share during the forecast period owing to increased investment and early adoption of technology by several industries. Asia Pacific is anticipated to grow at the highest CAGR which can be attributed to the rise in manufacturing automation and retail establishments. 

Some of the key players in Global IoT Cloud Platform market are International Business Machine Corporation, Mircosoft Corporation, Oracle Corporation, SAP SE, Amazon Web Services, Inc, Google Inc, Salesforce.Com, PTC, AT&T, Cisco Systems Inc., Samsung Electronics Co. Ltd and General Electric Company.

Services Covered:
• Managed Services
• Professional Services 

Full report with Table of Content: marketreportscenter.com/reports/57…utlook-2017-2023

Deployment Models Covered:
• Public Deployment Model 
• Hybrid Deployment Model
• Private Deployment Model 

Organizations Covered:
• Large Enterprise
• Small and Medium Businesses

Platforms Covered:
• Application Enablement Platform
• Device Management 
• Connectivity Management 

Applications Covered:
• Connected Logistics 
• Connected Transportation 
• Healthcare 

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