Technology News & Trends

  Significant rise in the electronic devices such as laptops, mobiles, wearable fitness devices, automotive telematics units, industrial control systems, and drone units that has increased the demand for advanced networks. Preference for  IoT platform market  has increased largely, as they are cross-device compatible, scalable, and offer ready-to-use features to fasten the development of applications for connected devices. Moreover, with rising demand for data storage over cloud has further increased the demand for IoT platform. Recently, Transparency Market Research (TMR) conducted a research on the global IoT platform market to analysis the growth prospects in this market. Based on the company’s report, the global IoT platform market is projected to rise at staggering CAGR of 21.0% over the period of eight years from 2017 to 2025. In terms of revenue, the market is expected to generate approximately US$ 10 billion by the end of 2025. The incremental opportunity in the m...

The global IoT platform is at a nascent stage and is expected to witness a healthy competitive landscape in the coming few years, says a new research study by Transparency Market Research. The expansion of the product portfolio, innovations, and technological advancements are some of the major strategies that are being adopted by the leading players so as to enhance their penetration across the globe. In addition to this, the growing focus on the research and development activities and the improvements in the product cost and quality are further estimated to support market growth in the near future. Some of the leading players operating in the IoT platform marke t across the globe are PTC Inc., Salesforce.com, Inc., Oracle Corporation, Microsoft Corporation, IBM Corporation, General Electric, SAP SE, Cisco Systems, Inc., Google Inc., and Amazon Web Services, Inc. As per the market research study by Transparency Market Research, in 2016, the global market for IoT platform was wor...