Overview:

The global report on the Internet of Things (IoT) cloud platform market, as discussed by Market Research Future (MRFR) analysts, reveals scopes for an expansion up to a valuation of USD 8.67 bn by 2023. The market is slated to benefit from a hike in rate of digitization, inclusion of IoT-supported technologies, automation, rising funds in research and development projects, interests shown by end users, competition in the market, government initiatives, and others. Its cost-effective nature is also expected to bolster the growth.

However, the initial cost of the product may act as a barrier and hinder the growth process.

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Segmentation:

The global internet of things cloud platform industry has been studied on the basis of a segmentation that includes application, deployment, platform, service, organization size, and vertical.

By platform, the market has been reviewed on the basis of connectivity management, device management, and application enablement.

By deployment, the report includes segments like public, private, and hybrid.

By organization size, the review includes a study of large enterprise and small and medium enterprise.

By service, the report on the market comprises managed services and professional services.

By application, the market review assessed segments like wearable technology, smart agriculture, smart city, home automation, industrial automation, smart transportation, and others.

By vertical, the global market report included segments like retail, finance, healthcare, automotive transportation, government, hospitality, consumer electronics, industrial manufacturing, media entertainment, education, and others.

Regional Analysis:

North America’s infrastructural scope and investment opportunities would back the market growth. Players from the region would take part in forming a proper network to back projects related to it. In Asia Pacific, growing industries are expected to set the market momentum.

Competitive Landscape:

The global market for Internet of Things (IoT) cloud platform includes a study of companies like IBM Corporation, Microsoft Corporation, Google, Ayla Network, AWS Group, SAP SE, Hauwei Technologies, Artik Cloud, GE, Salesforce.com, ATT, Cisco system, and Telit. These companies ensure growth for the market by deploying various strategic models to create a space for better revenue-generation process. However, the COVID-19 pandemic has influenced the strategic procedures and forced companies to find out a different plan for the coming years.

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Industry News:

In September 2020, Digi International®, a company known for its path-breaking designs to provide better Internet of Things (IoT) connectivity products and services, announced the latest release of Digi Remote Manager®. This is the company’s device and network management cloud platform. It will allow its users to manage IoT devices and networks in varied environments from across the world.

These advances will help Digi Remote Manager in expanding its ability to ease device deployment and maintenance, ensure proper network uptime and security, and offer new levels of network management to make sure that the network team does not have to alter business processes to accommodate various rigid network tools.

In September 2020, Aetina declared that they would be launching their new AN810-XNX edge AI computer using the capabilities of the NVIDIA Jetson Xavier NX. The new product has features like alternatives of I/O slot, a range of edge AI systems that has a proper premise in the shape of Jetson platform for drone, UAV, robotics, medical imaging, industrial inspection, and deep learning. The AN810-XNX blends the NVIDIA Jetson Xavier NX and Aetina AN810 carrier board in a Nano-ITX form factor of 120x120x47.3 mm. This promises support for full M.2 slot with E-key, M-key, and B-key, and for interface with PCIe/SATA/USB 3.2 Gen2/USB 2.0.

About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

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