COVID-19 Impacts: IoT Platform Market will Grow by USD 1.7 Billion During 2020-2024 | Large-scale Benefits of Using IoT Devices to Boost Growth | Technavio

LONDON--()--Technavio has been monitoring the IoT platform market and it is poised to grow by USD 1.70 billion during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Alphabet Inc., Amazon.com Inc., AT&T Inc., Cisco Systems Inc., Huawei Investment & Holding Co. Ltd., International Business Machines Corp., Intel Corp., Microsoft Corp., Nokia Corp., Samsung Electronics Co. Ltd., and Siemens AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Large-scale benefits of using IoT devices have been instrumental in driving the growth of the market. However, the rise in privacy and security issues might hamper the market growth.

IoT Platform Market 2020-2024: Segmentation

IoT Platform Market is segmented as below:

  • End-user
    • Manufacturing
    • Retail
    • Healthcare
    • ICT
    • Others
  • Geography
    • North America
    • Europe
    • APAC
    • MEA
    • South America

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IoT Platform Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our IoT platform market report covers the following areas:

  • IoT Platform Market size
  • IoT Platform Market trends
  • IoT Platform Market industry analysis

This study identifies the investments in IoT startups as one of the prime reasons driving the IoT platform market growth during the next few years.

IoT Platform Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the IoT platform market, including some of the vendors such as Alphabet Inc., Amazon.com Inc., AT&T Inc., Cisco Systems Inc., Huawei Investment & Holding Co. Ltd., International Business Machines Corp., Intel Corp., Microsoft Corp., Nokia Corp., Samsung Electronics Co. Ltd., and Siemens AG. Backed with competitive intelligence and benchmarking, our research reports on the IoT Platform Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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IoT Platform Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist IoT platform market growth during the next five years
  • Estimation of the IoT platform market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the IoT platform market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of IoT platform market vendors

Table Of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Manufacturing - Market size and forecast 2019-2024
  • Retail - Market size and forecast 2019-2024
  • Healthcare - Market size and forecast 2019-2024
  • ICT - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Market Drivers – Demand led growth

Market Challenges

Market Trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Alphabet Inc.
  • Amazon.com Inc.
  • AT&T Inc.
  • Cisco Systems Inc.
  • Huawei Investment & Holding Co. Ltd.
  • International Business Machines Corp.
  • Intel Corp.
  • Microsoft Corp.
  • Nokia Corp.
  • Siemens AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global IoT Platform Market will grow by $ 1.70 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/