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Global IoT Platform Market 2017-2021

Global IoT Platform Market 2017-2021

About IoT Platform

IoT is a network of physical devices, machines, and sensors integrated into everyday objects connected to the Internet for effective data communications. It creates smart communication environments such as shopping, smart homes, transportation, and healthcare. IoT enhances operational efficiency by increasing the speed of communications over the existing infrastructure and, in turn, improves business productivity in any industrial setup. We expect IoT to have a positive impact on industries such as healthcare, manufacturing, retail, energy and utility, transportation and logistics, and information and communications technology (ICT).

Technavio’s analysts forecast the global IoT Platform market to grow at a CAGR of 31.79% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global IoT platform market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of IoT subscriptions to clients by IoT platform vendors and excludes aftermarket services market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global IoT Platform Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Alcatel-Lucent (Nokia)
  • Amazon Web Services (AWS)
  • AT&T
  • Cisco Systems
  • Microsoft Corporation
Other prominent vendors
  • Axiros
  • Accenture
  • Apple
  • Atos
  • Bosch (Bosch Software Innovations)
  • Echelon
  • Oracle
Market driver
  • Large-scale benefits of using IoT devices driving IoT platform market
  • For a full, detailed list, view our report
Market challenge
  • Growing privacy and security concerns
  • For a full, detailed list, view our report
Market trend
  • Development of an open Wi-Fi network
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global IoT Platform Market 2017-2021

Technavio recognizes the following companies as the key players in the global IoT platform market: Alcatel-Lucent (Nokia), Amazon Web Services (AWS), AT&T, Cisco Systems, and Microsoft Corporation.

Other Prominent Vendors in the market are: Axiros, Accenture, Apple, Atos, Bosch (Bosch Software Innovations), Echelon, and Oracle.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is development of an open Wi-Fi network. OpenWireless.org is a cyber activist group seeking to improve the Internet connectivity and access by encouraging sharing among users. The organization has developed a software that can convert the wireless router of the mobile device into a wireless access point. If people accept and adopt this idea, then a ubiquitous public wireless network can be created. This would help improve network connectivity as wireless devices send signals over a shorter distance (reducing network congestion) and allow more people to connect to the same frequency simultaneously.”

According to the report, one of the major drivers for this market is large-scale benefits of using IoT devices driving IoT platform market. The growing emphasis on a connected environment has resulted in IoT being one of the most rapidly growing markets. An estimated 35 billion devices are expected to be a part of this connected environment by 2021. IoT devices collect data through sensors and actuators, transmitting it to a centralized location on a real-time basis. This empowers the end-user to make informed decisions. The adoption of IoT devices is rising across market segments such as consumer electronics, automotive, and medical. An increasing number of organizations, industries, and technologists are adopting the Internet of Things (IoT) because of its potential applications and numerous advantages.

Further, the report states that one of the major factors hindering the growth of this market is growing privacy and security concerns. Security is the foremost concern for individual consumers and enterprises purchasing IoT devices. Connecting the physical world to the digital world requires the highest security standards to minimize the impact of cyber security hacks. This is a major deterrent for the market as most people are not totally confident about integrating such technologies into the different devices they own. For instance, hacking of smart meters within an energy grid can result in major blackouts. A case of a hacked refrigerator was registered in the US.



Companies Mentioned

Alcatel-Lucent (Nokia), Amazon Web Services (AWS), AT&T, Cisco Systems, Microsoft Corporation, Axiros, Accenture, Apple, Atos, Bosch (Bosch Software Innovations), Echelon, and Oracle.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table IoT system: Major components
  • Market landscape
    • Market overview
      • Table IoT value chain
    • Market size and forecast
      • Table Global IoT devices market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Global IoT platform market by end-user
      • Table Global IoT platform market by end-user 2016-2021 (% share)
      • Table Global IoT platform market by end-user 2016-2021 ($ millions)
  • Geographical segmentation
    • Global IoT platform market by geography
      • Table Global IoT platform market by geography 2016-2021
      • Table Global IoT platform market by geography 2016-2021 ($ millions)
    • APAC
      • Table IoT platform market in APAC 2016-2021 ($ millions)
    • EMEA
      • Table IoT platform market in EMEA 2016-2021 ($ millions)
    • Americas
      • Table IoT platform market in Americas 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Major advantages of using or being connected to the IoT network
      • Table Global smart home market 2016-2021 ($ billions)
      • Table Smart home penetration: Regional share 2016-2021
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Development of an open Wi-Fi network
    • Growing diversity in IoT standards
    • Industrial Internet revolution
    • Investments in IoT startups
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
    • Key vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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