NEW YORK, Oct. 5, 2016 /PRNewswire/ -- This BCC Research report provides an understanding of forces driving the IoT platforms market and in what ways these are expected to evolve over the 2016 to 2021 forecast period.
Use this report to:
Analyze new developments and recent standards for IoT solutions that will impact the development of future IoT platforms.
Analyze current and potential applications for IoT platforms.
Gain information about IoT standards consortiums, service provider partnerships important acquisitions and venture capital funding.
Review market opportunities for current industry participants as well as new entrants
The global market for Internet of Things (IoT) platforms will grow from $629.0 million in 2016 to more than $2.3 billion by 2021, with a compound annual growth rate (CAGR) of 30.0% for the period of 2016-2021.
The Cloud (SaaS/PaaS) market will grow from $528.4 million in 2016 to around $2.1 billion by 2021, rising at a CAGR of 31.5%.
The On-premise market is expected to increase from $100.6 million in 2016 to nearly $256.7 million by 2021 with a CAGR of 20.6%.
STUDY GOALS AND OBJECTIVES
This report on the Internet of Things (IoT) technology platforms market will give an overview of the most recent developments in the industry and provide a basis for the expectation of its growth over the next five years. These software controlled platforms provide the controls and interface for any IoT project, and for the purpose of this report, BCC Research has segmented the market into three categories based on the key functionality of each platform. Market estimates are based on revenues generated by the commercial deployment of these platforms by third-party solution vendors. Though a large market in itself, in-house developed solutions have not been considered as their true economic value is difficult to estimate. The report covers revenues reported from the actual deployment and sale of software solutions and excludes hardware and IoT-enabled devices that may be bundled with the solutions.
This report will analyze IoT platform technologies in depth as well as the markets they serve.
Analysis provided in this report will address: Key players in the IoT market, their 2015 revenue trends from platforms solutions and their estimated market shares.
The market segmented by three common types of IoT platforms: application enablement platforms (AEP), network connectivity management platforms (NCMP) and device management platforms (DMP).
An overview of the trends in regional adoption of these solutions and indicators in growth markets over the next five years. The application of these platforms in various vertical industries such as th healthcare, telematics, smart homes and smart energy metering solutions.
REASONS FOR DOING THE STUDY
Although it is a nascent market, IoT shows great promise as a game changer in the connected Internet world. As businesses explore various components in the IoT ecosystem, it will be prudent for them to understand the market for third-party IoT platforms and the different technology trends shaping future platforms. For the solution provider, gaining a holistic view of overall market conditions, insights into competition, growth markets and technology developments is crucial. This report covers these perspectives and will help the reader gain a general understanding of the IoT platforms market and its various facets. This study provides an understanding of forces driving the IoT platforms market and in what ways these are expected to evolve over the 2016 to 2021 forecast period. This study will also address who and what will impact the growth of this market segment and the next opportunities for growth.
SCOPE OF REPORT
This report analyzes the market for third-party commercialized IoT software platforms and discusses how the IoT technology market will evolve as well as the trends impacting its adoption. Platforms based on pure hardware solutions and chipsets are not included in this report. This BCC Research study was conducted with a global perspective in terms of the IoT platforms technology and their applications.
Market projections have been conducted for five geographic regions (North America, Latin America, Europe, Middle East & Africa and Asia-Pacific) and all market revenues reported are in constant 2015 U.S. dollars. The report also analyzes the impact of cloud-based IoT solutions and how these technologies are expected to evolve for these platforms over the next five years.
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