Press release
Industrial IoT Platform Market Expected to Grow $18.3 Million By 2030, at 16.2% CAGR
The industrial IoT platform market is a rapidly growing sector with a variety of vendors offering similar capabilities and deployment methods there is no clear leader in this emerging market, as none of the vendors have differentiated themselves enough to be considered a leader or challenger.
The industrial IOT platform market size is required to develop at USD 18.3 million before the finish of 2030 with 16.2% of CAGR.
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Key Players:
Intel Corporation (US)
Google Inc. (US)
General Electric (US)
International Business Machine (IBM) Corporation (US)
Cisco Systems, Inc. (US)
SAP SE (Walldorf, Germany)
Amazon Web Services Inc. (US)
Oracle Corporation (US)
Microsoft Corporation (US)
PTC Inc. (US)
Hewlett-Packard Enterprise (US)
Bosch Software Innovation GmbH (Stuttgart, Germany)
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Regional Market Insights:
The primary regions for the global industrial IoT platform market's growth are North America, Asia Pacific (APAC), the Middle East & Africa (MEA), and Europe. APAC is expected to achieve the leading position in the global industrial IoT platform market, driven by factors such as the expanding population and the rising use of electronic devices, particularly in countries like China.
North America is also anticipated to seize a significant share in the market for industrial IoT platforms.
Future Trends and Forecast:
The industrial IoT platform market is expected to witness significant growth, additionally the role of the industrial IoT edge has increased in importance as digital transformation strategies have evolved, indicating a growing focus on edge infrastructure functions such as base platform/Edge OS and/or application enablement/development.
In conclusion, the industrial IoT platform market is a dynamic and rapidly evolving sector with significant growth potential, driven by technological advancements and increasing demand in key regions such as APAC and North America.
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