Businesses’ Dark Horse for Success in the Market –the IoT Cloud Platform

Today, there are millions of devices that are connected to internet and are generating data. These devices communicate with each other over internet influencing the entire workflow of the business. According to a study, by 2025 more 63 trillion devices will be connected to internet. So, what calls businesses to have their devices connected and how are they able to achieve seamless communication? Internet of Things or IoT has been the driving force for various businesses these days. The technology enables the organizations to automate their work process enhancing the value of their business. Now, seamless communication between devices is achieved by an IoT cloud platform, which act as a junction between hardware (the devices, sensors etc) and software. It enables the devices to share data and further processes it for actionable insights for the stakeholders. Based on this advantage, the global IoT cloud platform market is experiencing a robust growth these days.

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What are Benefits an IoT Cloud Platform Offer to the Businesses in the Market?

Better Device Management Drives IoT Cloud Platform Market

Over the period of time IoT has grown from infancy. The technology now caters to various businesses looking achieve a successful future. There are numerous devices in the business that are using IoT. To manage these devices, a seamless, flexible and parallel device management is a must. These features are offered by an IoT cloud platform to the businesses and hence drawing major traction these days. Looking at consistent device management ability of the platform, the global IoT cloud platform market is expected to witness a robust growth in coming years.

Optimized Security –The New Trend in IoT Cloud Platform

With growing number of connected devices comes threat of security breach. With an optimal enterprise ready IoT cloud platform, and additional layer of security can be implemented in the form of authentic access to data. This feature of platform allows only authorized personnel to access a selected module of data. Based on the enhanced security provided by these platforms, the global IoT cloud platform market in coming times.

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Global IoT Cloud Platform Market to Expand as Premium Data Storage Becomes a Necessity

The demand within the global market for IoT cloud platform has been rising on account of advancements in the field of cloud hosting and storage. The advent of Internet of Things (IoT) has paved way for a multitude of technologies that have revolutionised several industries and sectors. Hence, there is heavy demand within the global market for IoT cloud platform in recent times. The ability of cloud platforms to store huge sets of data has been the most distinct driver of demand within the global market. Moreover, IoT cloud platforms are reliable and accessible at all times, and this gives them a mark of supremacy.

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Need for Data Security to Propel Demand

Storage of data in hardware devices comes with a number of limitations and concerns. The failure of hardware can often result in loss of data which can in turn have adverse consequences for industries and users. In this scenario, the use of IoT cloud platform has come to the fore which has propelled market demand. Moreover, the security of data maintained across cloud platforms has also played a major role in the growth of the global market.

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Cloud Hosting Services

The popularity of cloud hosting services has had a positive influence on the growth dynamics of the global IoT cloud platform market. Furthermore, the need for huge data storage space is fulfilled by IoT cloud platforms. Hence, there is no contention about the assertion that the global IoT cloud platform market would expand at a stellar rate in the years to come.

IoT Cloud Platform Market Adopting Innovative Business Strategies by 2025

Global IoT cloud Platform Market: Snapshot

The Internet of Things has emerged as a prominent platform for data and information sharing in the IT world. Within a short period of time it has gained popularity and is being used by a large population base. The inter-networking of physical devices, buildings, vehicles, and other items that have been integrated with network connectivity, actuators, software, sensors, and electronics, allowing the objects to accumulate and exchange data is termed as Internet of Things. With these the market for IoT has taken a boost and has given rise to several vertical markets alongside of it. One such market is the IoT cloud platform market.

The global market for IoT cloud platform is expected to be benefitted by the growing adoption rate of smart devices across the globe. Factors such as inexpensive services and easy deployment are expected to make way for a better future for the market. The growing need for an advanced IoT cloud platform among small and large businesses is likely to be major triggering factor for the market in the years ahead. The rising adoption of IoT cloud platforms in countries of the Asia Pacific region such as Singapore, China, and India is expected to make the growth of the market in the coming years more lucrative and lasting through the entire forecast period.

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The competition in the market among the leading global and regional players is expected to sustain till the end of the forecast period. The companies are thriving to maintain their customer base and provide better facilities.

Global IoT Cloud Platform Market: Overview

The rising rate of adoption of smart devices is one of the important reasons, owing to which the global market for IoT cloud platform is expected to witness strong growth in the next few years. In addition, the easy deployment and cost-effective cloud data storage are anticipated to accelerate the growth of the overall market. According to these factors, the global IoT cloud platform market is likely to register a progressive growth rate in the near future.

The research study on the global IoT cloud platform market offers a detailed analysis, providing insights into the key aspects that are predicted to accelerate the growth of the market in the coming years. In addition, the growth drivers, current trends, key segmentation, and the limitations in the global IoT cloud platform market have been discussed in the research report. The competitive landscape of the overall market has been included in the research study to offer a clear picture of the market.

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Global IoT Cloud Platform Market: Drivers and Restraints

The rising adoption of intelligent and connected devices and the increased operational efficiency are some of the vital aspects expected to encourage the growth of the global IoT cloud platform market in the near future. In addition, the cost-effective and the easy deployment cloud data storage and the evolution of high-speed networking technologies are likely to accelerate the growth of the global market in the next few years.

On the flip side, the absence of IoT technology skills and the absence of uniform IoT standards are anticipated to restrict the growth of the global IoT cloud platform market in the forecast period. The lack of privacy, data security, data management are estimated to hamper the growth of the overall market in the next few years. Nevertheless, the rising adoption of IoT in medium and small businesses and the growing demand for system integrators are predicted to accelerate the growth of the global market in the near future.

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Global IoT Cloud Platform Market: Region-wise Outlook

The global market for IoT cloud platform market has been classified into four segments on the basis of geography. According to the research study, North America is anticipated to lead the global IoT cloud platform market and account for a key share of the overall market in the next few years. The robust growth of this region 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 IoT cloud platform market in North America.

On the contrary, Asia Pacific is anticipated to register a high growth rate in the forecast period. The significant contribution from India, China, and Singapore and the rising popularity for smart cities in emerging economies are some of the key factors likely to supplement the growth of the Asia Pacific market in the next few years. In addition, a substantial rise in the industrial automation in this region is likely to propel IoT cloud platform market in Asia Pacific.

Key Players Mentioned in the Research Report are:

Some of the key players operating in the IoT cloud platform market across the globe are Microsoft Corporation, Amazon Web Services, Inc., PTC, Salesforce.Com, Google Inc., International Business Machines Corporation, Samsung Electronics Co. Ltd., General Electric, SAP SE, and Teli. The increasing number of players expected to enter the global market is estimated to strengthen the competitive analysis throughout the forecast period.

The research study offers a detailed analysis of the global IoT cloud platform market, providing information related to the product portfolio, financial overview, and the SWOT analysis. In addition, the business strategies and policies and the marketing tactics that are being used by the leading players have been discussed at length throughout the forecast period. In addition, technological advancements and innovations are expected to accelerate the growth of the overall market in the global IoT cloud platform market.

IoT Cloud Platform to Gain Traction for End-to-End Scalable Solutions

San Francisco, California, October 09, 2017: The proliferation of smart consumer devices, coupled with the continued development of internet-of-things IoT infrastructure, is a prominent trend driving the evolution of the IoT cloud platform market. The marked advantage resulting from a robust adoption of cloud platforms in terms of power and performance is a key factor bolstering the adoption. The soaring demand for cloud-based services among small and medium scale enterprises owing to them being cost-effective way to scale their operations is necessitating the development of IoT cloud platform. A new report penned by TMR Research, titled “IoT Cloud Platform Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025,”offers an elaborate insights and detailed assessment of such factors and trends influencing the growth of the market.

The ease of deployment of cloud-based technologies, coupled with the rising popularity of software-as-a-service (SaaS) in various developing regions, is a key factor boosting the market. The adoption of sensor in the automotive sector is anticipated to intensify the demand for IoT cloud platform. The development of IoT services that lend flexibility to cloud services over remote devices is also expected to catalyze the market growth. Furthermore, the advent of low-power and high-speed networking technologies for IoT is a key factor expected to accentuate the IoT cloud platform market.

Several technology players are focused on developing robust cloud platforms that help end users harness the capabilities of IoT. The incorporation of scalability and automatic updates offered to end users of IoT cloud is likely to augur well for the market. The intensifying need for network automation and virtualization for facilitating the delivery of network-based services in various regions is a prominent factor bolstering the demand for viable IoT cloud platforms. This is also found vital to reduce cost of these services. In addition, the need for do way with a discrete infrastructure for configuring network resources by various service providers is accentuating the demand for IoT cloud.

A large number of public companies undergoing digitization in a number of emerging economies is a crucial trend boosting the market. The rising demand for end-to-end IoT solutions among industry players in developing and developed regions is also likely to contribute to the growth of the IoT cloud platform.

The development of modular platforms and investments made by prominent technology players are expected to accentuate the market. However, the paucity of IoT expertise in small organizations and the mounting concerns of data privacy and safety are key factors likely to hinder the growth of the market to some extent. Moreover, the absence of a uniform IoT standard is a crucial factor that may hamper the demand for IoT cloud platform. Nevertheless, the rising demand for specialist system integrators and the growing popularity of IoT among small and medium enterprises are key trends expected to create promising avenues for growth for market players. The advent of Constrained Application Protocol (CoAP) and the increasing commercial availability of such platforms are anticipated to unlock exciting opportunities in the market.

Regionally, North America is a prominent market for IoT cloud platform and is expected to witness a substantial uptake. The growth of the regional market is driven by a vast number of players implementing IoT and substantial technology advancements made in cloud in recent years. Meanwhile, Asia Pacific is expected to rise at a rapid pace over the forecast period. The growth is expected to be fueled by the burgeoning demand for industrial automation and the rising efforts to develop smart city infrastructure in a number of emerging economies.

Some of the key players operating the market are International Business Machines Corporation, SAP SE, General Electric, Samsung Electronics Co. Ltd., Google Inc., Salesforce.Com, Amazon Web Services, Inc., and Microsoft Corporation.

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