Global IoT Platform Market 2020-2024
Technavio has been monitoring the IoT platform market and it is poised to grow by $ 1.70 bn during 2020-2024 progressing at a CAGR of 23% during the forecast period. Our reports on the IoT platform market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the large-scale benefits of using IoT devices, demand for smart homes, and growth in industrial automation.
Technavio's IoT platform market is segmented as below:
By Geographic Landscapes
- North America
- South America
This study identifies the investments in IoT startups as one of the prime reasons driving the IoT platform market growth during the next few years. Also, the development of open Wi-Fi networks and growing diversity in IoT standards will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our IoT platform market covers the following areas:
- IoT platform market sizing
- IoT platform market forecast
- IoT platform market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading IoT platform market vendors that include Alphabet Inc., Amazon.com Inc., AT&T Inc., Cisco Systems Inc., Huawei Investment & Holding Co. Ltd., International Business Machines Corp., Intel Corp., Microsoft Corp., Nokia Corp., Samsung Electronics Co. Ltd., and Siemens AG. Also, the IoT platform market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.