Lucintel Forecasts IoT Cloud Platform Market to Grow at a CAGR of 12% to 14% from 2021 to 2026

According to the recent study the IoT Cloud Platform Market is projected to grow at a CAGR of 12% to 14% from 2021 to 2026. Growth in this market is primarily driven by usage of IPV6, adoption of cloud-based data management strategy, demand for operational efficiency, and growing IoT market.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in IoT cloud platform market by offering (platform (device management, connectivity management, and application management) and services (professional services and managed services)), deployment mode (public cloud, private cloud, and hybrid), organization size (small & medium and large), application (building and home automation, smart manufacturing, smart transportation, connected healthcare, smart retail, smart grid and utilities, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Public cloud market is expected to remain the largest segment during the forecast period.”

Based on deployment type, the IoT cloud platform market is segmented into public cloud, private cloud, and hybrid. Lucintel forecasts that the public cloud market is expected to remain the largest segment due to increasing demand for operational cost reduction, flexibility, and reliability.

 “North America will dominate the IoT cloud platform market in near future.”

North America will remain the largest region during the forecast period due to increasing adoption of IoT, technical developments, and presence of prominent players and end use industries in the region.

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Major players of IoT cloud platform market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Amazon Web Services, Google, General Electric, IBM, Microsoft, PTC, Telit, Salesforce, Samsung Electronics, and SAP are among the major IoT cloud platform providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/iot-cloud-platform-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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