Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

IoT Cloud Platform market is to reach USD 10330 million by 2028 at a CAGR of 18.2% | Valuates Reports

This image opens in the lightbox

News provided by

Valuates Reports

14 Jun, 2022, 15:00 GMT

Share this article

Share toX

Share this article

Share toX

BANGALORE, India, June 14, 2022 /PRNewswire/ -- The Global IoT Cloud Platform market is segmented by Type (Private Deployment, Model Public Deployment Model, Hybrid Deployment Model), By Application (Industrial Automation, Connected Traffic, Health Care, Smart Retail, Intelligent Agriculture, Networked Logistics, Other): Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Software Category.

The global IoT Cloud Platform market size is projected to reach USD 10330 million by 2028, from USD 3108.9 million in 2021, at a CAGR of 18.2% during 2022-2028.

Major factors driving the growth of the IoT Cloud Platform Market

The proliferation of IoT devices and use in several end-user industries, the need to increase operational efficiency, and the shift from on-premises to cloud-based data management strategy are expected to drive the growth of the IoT cloud platform market during the forecast period.

Get Your Sample Today: 

https://reports.valuates.com/request/sample/QYRE-Auto-9D7286/Global_IoT_Cloud_Platform_Market 

TRENDS INFLUENCING THE GROWTH OF THE IoT CLOUD PLATFORM MARKET

The healthcare industry has primarily benefited from the emergence of IoT cloud platforms. Cloud-based services provide storage of patient health data from EHRs( Electronic Health Records). Smart medical devices are connected via a smartphone app that collects data and provides efficient real-time monitoring and visibility. The required data contains information on a patient's blood pressure, sugar levels, ECGs, medical tests, oxygen, weight, etc. These are then stored in the cloud or sent to authorized personnel like a physician or health insurance company, consultant, or any other external stakeholder. This allows them to look at the collected data regardless of any device, place, or time. Decision-making capacity is increased as real-time alerts are sent to the concerned authorities for triggering a specific action if the health maintenance crosses a certain abnormal level. This will boost the growth of the IoT cloud platform market during the forecast period.

Traffic slowdown and congestion are major problems. Smart traffic control systems with IoT cloud platforms will be able to increase the capacity of city streets. They optimize and adjust traffic flow accordingly by collecting data using sensors, and cameras and providing real-time processing of information. It adjusts the traffic signals so that the time interval is adjusted based on the total number of vehicles on a particular part of the road. This leads to enhanced traffic jam detection as technicians are able to monitor all the important intersections of the city from the traffic control center.  Congestion detection ensures timely system adjustments and emergency rerouting. This will boost the growth of the IoT cloud platform market in the upcoming period.

IoT solutions are boosting the conversion rate of retailers. As digitization occurs, complete IoT infrastructure with cloud-based solutions is delivering valuable insights to retailers while augmenting profits. Occupancy sensors provide data on store traffic patterns and dwell times on specific products which are then analyzed to provide granular insights into complex consumer buying patterns. Retailers can accordingly plan out their in-store merchandising and guided selling for more conversions. Furthermore, complete control over inventory visibility and supply chain ensure store owners are able to weed out inefficiencies, cut costs and provide enhanced customer experience through on-time delivery. Such factors will drive the growth of the IoT cloud platforms market in the coming years. 

IoT cloud platform will be positively impacted by the agricultural industry. Monitoring crops through IoT sensors and surveillance networks eliminates the guesswork and inaccuracy of traditional farming methods. Farmers are able to measure the environmental parameters as per the crop type. A cloud server ensures remote access, quick processing, and applying a control action. They provide information regarding temperature, light amounts, humidity, weather patterns, and pressure. Moreover, the cloud platform provides insights into weather patterns on a particular part of the field thereby allowing farmers better access to climate mapping and crop selection. Devices are usually placed in a specific field area in precision farming to monitor the crop health, water level, and other relevant biochemical or physical properties for farmers to manage any anomalies and prevent harmful diseases. The systems notify the automated planters to stop or continue depending on the threshold limit of crops sown in a particular area. This increases plant efficiency, decreases time and reduces wastage of seeds.

Industrial equipment connected to cloud-based networks provides real-time data on industrial machine conditions and working hours. Predictive maintenance along with data visualizations in inbuilt IoT dashboards make on-site maintenance visits simple as defects and faults are tracked beforehand. Potential problems are analyzed upfront through remote access reducing downtime and streamlining the entire industrial workflow. IoT cloud platforms improve the smart city infrastructure by transmitting data directly to the garbage collector when the container reaches a maximum limit. Moreover in building automation, the HVAC systems of a building are tracked from multiple sensors from a central location. Real-time machine data is transferred through cloud applications to building management systems for centralized monitoring. All these factors will boost the growth prospects of the IoT cloud platform market during the forecast period.

Browse The Table Of Contents And List Of Figures At: https://reports.valuates.com/market-reports/QYRE-Auto-9D7286/global-iot-cloud-platform

IoT CLOUD PLATFORM MARKET SHARE ANALYSIS

Based on type, the public cloud segment will be the most lucrative in the IoT cloud platform market share as they are easy to deploy, cost-effective, and flexible. Many developed economies are investing heavily in public cloud infrastructure.

Based on application, the healthcare segment will grow the highest as IoT and cloud servers aid healthcare providers in providing improved real-time patient care and streamlining their clinical workflows.

Based on region, North America is expected to dominate in the IoT cloud platform market share due to the presence of key players, widespread use of IoT devices, huge R&D investments, and rapid technological developments. 

Inquire for Regional Report:

https://reports.valuates.com/request/regional/QYRE-Auto-9D7286/Global_IoT_Cloud_Platform_Market

IoT CLOUD PLATFORM MARKET SEGMENTATION:

IoT Cloud Platform Market Segment By Type

  • Private Deployment Model
  • Public Deployment Model
  • Hybrid Deployment Model

IoT Cloud Platform Market Segment By Application

  • Industrial Automation
  • Connected Traffic
  • Health Care
  • Smart Retail
  • Intelligent Agriculture
  • Networked Logistics
  • Other

Major Players

  • Amazon Web Services
  • Google
  • IBM
  • Microsoft
  • Salesforce
  • General Electric
  • Ptc
  • Samsung Electronics
  • Sap Se
  • Telit

Inquire for Chapter Cost:

https://reports.valuates.com/request/chaptercost/QYRE-Auto-9D7286/Global_IoT_Cloud_Platform_Market

Buy Now for Single User + Covid-19 Impact :  

https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-9D7286&lic=single-user

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS:

-  The Global IoT market size was USD 164 Billion in 2018 and it is expected to grow with a CAGR of 38.62% between 2018 and 2025.

-  The global 5G IoT market size is projected to reach USD 2028.9 million by 2027, from USD 290.8 million in 2020, at a Compound Annual Growth Rate (CAGR) of 31.4% during the forecast period 2021-2027.

-  The global Edge Computing market size is projected to reach USD 55930 million by 2028, from USD 8237 million in 2021, at a Compound Annual Growth Rate (CAGR) of 31.1% during 2022-2028.

-  The global IoT Platforms Market size is projected to reach USD 17100 million by 2027 from USD 2956.7 million in 2020 at a CAGR of 28.5% during 2021-2027.

-  The global IoT Healthcare market size is projected to reach USD 222260 Million by 2028, from USD 53340 Million in 2021, at a CAGR of 22.1% during 2022-2028.

-  The global IoT Fleet Management Market size is projected to reach USD 26410 million by 2027, from USD 6955.7 million in 2020 at a Compound Annual Growth Rate (CAGR) of 21.0% during 2021-2027.

-  The global IoT Security market size is projected to reach USD 7722.1 million by 2028, from USD 2087.8 million in 2021, at a CAGR of 20.3% during 2022-2028.

-  The Global IoT Medical Devices Market was valued at USD 16.25 Billion in 2020, and is expected to generate revenue of USD 58.33 Billion by end of 2027, growing at a CAGR of 19.85% between 2021 and 2027.

-  The global Internet of Things (IoT) Managed Services market size is projected to reach USD 99380 Million by 2028, from USD 34570 Million in 2021, at a CAGR of 15.8% during 2022-2028.

-  The global healthcare analytics market size was valued at 23.51 billion in 2020 and is projected to reach D96.90 billion by 2030, growing at a CAGR of 15.3% from 2021 to 2030.

-  The global IoT Solutions and Services market size in 2021 is USD 178.3 Billion , and the global market size will reach USD 460.4 Billion by 2028, with a CAGR of 14.5%.

-  The global IoT in Manufacturing market size is projected to reach USD 1038.8 million by 2026, from USD 567.2 million in 2020, at a CAGR of 10.6% during 2021-2026.

-  The global Intelligent Transportation System (ITS) market size is projected to reach USD 1610.8 Million by 2028, from USD 901.4 Million in 2021, at a CAGR of 8.2% during 2022-2028.

-  The global Traffic Sensor market size is estimated to be worth USD 224.9 million in 2022 and is forecast to a readjusted size of USD 341.3 million by 2028 with a CAGR of 7.2% during the review period.

-  The global Electronic Toll Collection market size is estimated to be worth USD 5033.8 million in 2022 and is forecast to a readjusted size of USD 6254.6 million by 2028 with a CAGR of 3.7% during the review period.

-  Global Internet of Things Analytics Market Insights and Forecast to 2028

-  Global Healthcare Interoperability Solutions Market

Click here to see related reports on IoT Cloud Platform Market

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

CONTACT US:
Valuates Reports
sales@valuates.com 
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
LinkedIn - https://in.linkedin.com/company/valuatesreports

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg

Modal title

Also from this source

Coolant Distribution Units for Data Centers Market to Soar as AI and HPC Drive Cooling Demand | Valuates Reports

Coolant Distribution Units for Data Centers Market to Soar as AI and HPC Drive Cooling Demand | Valuates Reports

The global market for Coolant Distribution Units (CDU) for Data Center was valued at USD 971 Million in the year 2024 and is projected to reach a...

Customized Premixes Market to Reach USD 1.47 Billion by 2030, Driven by Demand for Personalized Nutrition | Valuates Reports

Customized Premixes Market to Reach USD 1.47 Billion by 2030, Driven by Demand for Personalized Nutrition | Valuates Reports

The Global Customized Premixes Market was valued at USD 1186.1 Million in 2023 and is anticipated to reach USD 1474.2 Million by 2030, witnessing a...

More Releases From This Source

Explore

Cloud Computing/Internet of Things

Cloud Computing/Internet of Things

Computer & Electronics

Computer & Electronics

Computer Software

Computer Software

Computer Software

Computer Software

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.