Internet of things(IoT) cloud platform market is expected to grow at a considerable rate during the forecast period 2019-2025. Internet of Things (IoT) cloud platform is one of the cloud platforms which is used for storing the IoT data. The key function of the IoT cloud platform is that it takes a significant volume of data from websites, devices, customers, and applications and process such data to generate real-time responses. It is used in numerous applications, thereby creating numerous opportunities for the growth of the market. IoT cloud platform can provide business organizations an in-depth analysis of consumer behaviors, thereby reducing the requirement of technical expertise of data analyst. It is significantly used for improving the operational efficiency of an organization.

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IoT cloud platform is very cost effective, which certainly increases its demand across the globe. This is one of the key driving factors which is expected to promote the growth of the market. Furthermore, as technology advances, it is expected to further increase the introduction of advanced IoT cloud platforms across the globe. This is expected to further promote the growth of the market in the near future. However, the lack of skilled manpower can derail the growth of the market in the future. Moreover, due to the risk associated with data privacy, it is expected to create challenges for the adoption of IoT cloud platform.

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Global IOT Cloud Platform Market Segmentation



By Deployment Model

Public

Private

Hybrid



By Platform

Drug Discovery

Connectivity management

Device Management

Application Enablement Platform



By Application

Industrial Automation

Healthcare

Logistics

Retail

Others



Regional Analysis

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World



Company Profiles

Altair Engineering, Inc.

Amazon Web Services, Inc.

Applied Informatics GmbH

Bosch Software Innovations GmbH

Cisco Systems, Inc.

CloudPlugs, Inc.

General Electric Co.

Google, LLC

IBM Corp.

KaaIoT Technologies, LLC



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