Valued to be $13.8 Billion by 2026, Internet of Things (IoT) Cloud Platform Slated for Robust Growth Worldwide

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Aug 26, 2021, 11:25 ET

SAN FRANCISCO, Aug. 26, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Internet of Things (IoT) Cloud Platform - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 4; Released: May 2021
Executive Pool: 84159
Companies: 154 - Players covered include Alibaba Cloud; AT&T; Autodesk; AWS; Bosch.Io; Cisco Systems; GE Digital; Google; IBM; Microsoft; Oracle; Particle; PTC; Salesforce.Com; Samsung; SAP; Siemens; Telit; Ubidots; Zoho Corporation and Others.
Coverage: All major geographies and key segments
Segments: Component (Platform, Services); Application (Building & Home Automation, Smart Manufacturing, Smart Transportation, Connected Healthcare, Smart Retail, Smart Grid & Utilities, Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Internet of Things (IoT) Cloud Platform Market to Reach $13.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Internet of Things (IoT) Cloud Platform estimated at US$10 Billion in the year 2020, is projected to reach a revised size of US$13.8 Billion by 2026, growing at a CAGR of 11.9% over the analysis period. Platform, one of the segments analyzed in the report, is projected to record a 11.7% CAGR and reach US$10 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 12.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.1 Billion in 2021, While China is Forecast to Reach $2.2 Billion by 2026
The Internet of Things (IoT) Cloud Platform market in the U.S. is estimated at US$2.1 Billion in the year 2021. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2026 trailing a CAGR of 11.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.4% and 10.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.6% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world's only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.