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Major Players in IoT Platforms Market are:
IoT Platforms Market By applications :
IoT Platforms Market By Types:
Short Description About IoT Platforms Market:
An IoT platform means cloud-based and on premise software packages and related services that enable and support sophisticated IoT services. Speak specifically, An IoT platform combines several software functions into one solution to enable companies to develop and deploy Internet of Things solutions faster, better and cheaper.
Market Analysis and Insights: Global IoT Platforms Market
The research report studies the IoT Platforms market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
Due to the COVID-19 pandemic, the global IoT Platforms market size is estimated to be worth USD 4574.3 million in 2021 and is forecast to a readjusted size of USD 20720 million by 2028 with a CAGR of 23.8% during the forecast period 2022-2028.
PTC (ThingWorx), Cisco (Jasper) and Microsoft captured the top three revenue share spots in the IoT Platforms market. Cisco (Jasper) dominated with 7% revenue share, followed by PTC (ThingWorx) with 6% revenue share and Microsoft with 4% revenue share.
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