IoT Cloud Platform Market Share, Growth Prospects and Key Opportunities by 2025
According to a research report " IoT Cloud Platform Market Growth by Offering (Platform and Service), Deployment Mode (Public Cloud, Private Cloud, and Hybrid), Organization Size, Application Area (Building & Home Automation and Connected Healthcare), and Region - Global Forecast to 2025" , published by MarketsandMarkets,the global Internet of Things (IoT) cloud platform market size to grow from USD 6.4 billion in 2020 to USD 11.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period. Major factors expected to drive the growth of the IoT cloud platform market include the proliferation of IoT devices, need to increase operational efficiency, rapidly decreasing costs of IoT-based sensors connectivity hardware, and government initiatives for Research and Development (R&D) activities related to IoT. Based on offering, the platform segment to hold a higher market share during the forecast period The IoT cloud platform mark...