IoT Cloud Market Key Highlights:
- Market Size (2024): USD 1.75 Billion
- Projected Market Size (2034): USD 3.05 Billion
- CAGR (2023-2034): 5.7%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
IoT Cloud Market Definition
The IoT cloud market is also known as the cloud service IoT platform and it combines both the IoT devices and the cloud computing services including the capability to deliver services to the end IoT platform. This platform is useful in all operations activities of IoT and cloud regardless of the manufacturing business in accumulating data through IoT-enabled devices and processing and storing of that data in a bid to develop a vision of IoT and cloud.
The demand for IoT cloud platforms across the globe should rise because of the growing count of devices with IoT connectivity, cloud-based data management solutions’ adoption, and the demand for technologies such as AI, 5G, edge computing, and big data. Furthermore, IoT cloud platforms are being incorporated in many organizations since they act as an efficient, scalable, and flexible model of providing the underlying structures and services supporting IoT applications and entities. Its integration into the banking and financial services sector will also contribute to enhancing the efficiency of the sector’s operations, contributing to segment growth. In addition, increasing the offering of new IoT solutions that are presented in the market as parts of BFSI is also predicted to create opportunities for IoT cloud market expansion.
IoT Cloud Market Segmentation:
By Type
- Information Processing
- Signal Communication
- Other
By Application
- Manufacturing
- Energy & Power
- Oil & Gas
- Metals & Mining
- Healthcare
- Agriculture
- Others
IoT Cloud Market Companies:
- Intel Corporation
- Ayla Networks
- Artik Cloud
- AWS IOT
- GE Predix
- Google
- Microsoft
- IBM Watson IoT
- ThingWorx
- Salesforce IoT Cloud
- Telit DeviceWise
- Xively
- Zebra Zatar Cloud
- WebNMS
- Oracle.
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