Product ID: UCMIG45D2059
Report ID:
UCMIG45D2059 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for IoT cloud platforms reached a significant valuation of USD 17.4 billion in 2022. With the rapid growth of the Internet of Things (IoT) industry, this market is expected to continue expanding at a robust compound annual growth rate (CAGR) of 14.6% from 2023 to 2030. The increasing adoption of IoT technologies across various sectors, including manufacturing, healthcare, and transportation, is driving the demand for efficient and scalable cloud platforms that can handle the vast amounts of data generated by connected devices. Additionally, advancements in cloud computing infrastructure and data analytics capabilities are further fueling the growth of the IoT cloud platform market, as organizations seek to leverage the power of IoT to improve operational efficiency and drive innovation.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Internet Services & Infrastructure by segment aggregation, the contribution of the Internet Services & Infrastructure in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG45D2059