The North America IoT Cloud Platform Market would witness market growth of 14.0% CAGR during the forecast period (2022-2028).
The number of devices connected to IoT, the growing trend toward data management solutions based on cloud, and the expanding demand for technologies like AI, 5G, big data, and edge computing are all likely to drive up demand for IoT cloud platforms. Since IoT cloud platforms offer a scalable, effective, and adaptable paradigm for supplying the services and infrastructure required to power IoT devices and applications, many enterprises have increased their usage.
Additionally, the COVID-19 outbreak was a major factor in the expansion of the IoT cloud platform market. The expansion of smart devices, the implementation of Industry 4.0 and the potential for data generation in large volumes by technologically advanced firms like HealthTech, EduTech, GamingTech, FinTech, and media & entertainment, accelerated after the pandemic. This further expanded the adoption of IoT cloud platform market.
The existence of industrialized nations with stable economies, such as the United States and Canada, may strongly encourage businesses to invest in R&D operations. The IoT adoption has expanded as a result of rapid digitalization across economic focus areas, increased adoption of smart devices, and technological improvements. Canadian businesses are improving and streamlining their business processes by embracing IoT capabilities. Due to the vast presence of vital public safety institutions like emergency medical services, firefighter services, smart citizen services are a significant growth driver in North America. The use of smart services has increased as a result of technological improvements, helping the region build an environment of safety and security that is centered on the requirements of its residents. During the forecast period, these variables would accelerate the regional market's expansion.
The US market dominated the North America IoT Cloud Platform Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $10,165 Million by 2028.The Canada market is poised to grow at a CAGR of 16.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 15.6% during (2022 - 2028).
Based on Application, the market is segmented into Industrial Automation & Smart Manufacturing, Smart Infrastructure, Automotive, Healthcare, Retail & E-commerce, BFSI and Others. Based on Organization Size, the market is segmented into Large Size Organizations and Small & Medium Sized Organizations. Based on Offering, the market is segmented into Platform (Without Services) and Services. Based on Platform Type, the market is segmented into Device Management, Connectivity & Communication and Analytics. Based on Deployment Type, the market is segmented into Commercial, Private and Hybrid. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon Web Services, Inc. (Amazon.com, Inc.), Microsoft Corporation, Google LLC, Cisco Systems, Inc., IBM Corporation, Oracle Corporation, Salesforce, Inc., Siemens AG, Alibaba Group Holding Limited, and Robert Bosch GmbH.
The number of devices connected to IoT, the growing trend toward data management solutions based on cloud, and the expanding demand for technologies like AI, 5G, big data, and edge computing are all likely to drive up demand for IoT cloud platforms. Since IoT cloud platforms offer a scalable, effective, and adaptable paradigm for supplying the services and infrastructure required to power IoT devices and applications, many enterprises have increased their usage.
Additionally, the COVID-19 outbreak was a major factor in the expansion of the IoT cloud platform market. The expansion of smart devices, the implementation of Industry 4.0 and the potential for data generation in large volumes by technologically advanced firms like HealthTech, EduTech, GamingTech, FinTech, and media & entertainment, accelerated after the pandemic. This further expanded the adoption of IoT cloud platform market.
The existence of industrialized nations with stable economies, such as the United States and Canada, may strongly encourage businesses to invest in R&D operations. The IoT adoption has expanded as a result of rapid digitalization across economic focus areas, increased adoption of smart devices, and technological improvements. Canadian businesses are improving and streamlining their business processes by embracing IoT capabilities. Due to the vast presence of vital public safety institutions like emergency medical services, firefighter services, smart citizen services are a significant growth driver in North America. The use of smart services has increased as a result of technological improvements, helping the region build an environment of safety and security that is centered on the requirements of its residents. During the forecast period, these variables would accelerate the regional market's expansion.
The US market dominated the North America IoT Cloud Platform Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $10,165 Million by 2028.The Canada market is poised to grow at a CAGR of 16.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 15.6% during (2022 - 2028).
Based on Application, the market is segmented into Industrial Automation & Smart Manufacturing, Smart Infrastructure, Automotive, Healthcare, Retail & E-commerce, BFSI and Others. Based on Organization Size, the market is segmented into Large Size Organizations and Small & Medium Sized Organizations. Based on Offering, the market is segmented into Platform (Without Services) and Services. Based on Platform Type, the market is segmented into Device Management, Connectivity & Communication and Analytics. Based on Deployment Type, the market is segmented into Commercial, Private and Hybrid. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon Web Services, Inc. (Amazon.com, Inc.), Microsoft Corporation, Google LLC, Cisco Systems, Inc., IBM Corporation, Oracle Corporation, Salesforce, Inc., Siemens AG, Alibaba Group Holding Limited, and Robert Bosch GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Industrial Automation & Smart Manufacturing
- Smart Infrastructure
- Automotive
- Healthcare
- Retail & E-commerce
- BFSI
- Others
By Organization Size
- Large Size Organizations
- Small & Medium Sized Organizations
By Offering
- Platform (Without Services)
- Device Management
- Connectivity & Communication
- Analytics
- Services
By Deployment Type
- Commercial
- Private
- Hybrid
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Microsoft Corporation
- Google LLC
- Cisco Systems, Inc
- IBM Corporation
- Oracle Corporation
- Salesforce, Inc
- Siemens AG
- Alibaba Group Holding Limited
- Robert Bosch GmbH
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America IoT Cloud Platform Market, by Application
1.4.2 North America IoT Cloud Platform Market, by Organization Size
1.4.3 North America IoT Cloud Platform Market, by Offering
1.4.4 North America IoT Cloud Platform Market, by Deployment Type
1.4.5 North America IoT Cloud Platform Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2018, Apr - 2022, Dec) Leading Players
Chapter 4. North America IoT Cloud Platform Market by Application
4.1 North America Industrial Automation & Smart Manufacturing Market by Country
4.2 North America Smart Infrastructure Market by Country
4.3 North America Automotive Market by Country
4.4 North America Healthcare Market by Country
4.5 North America Retail & E-commerce Market by Country
4.6 North America BFSI Market by Country
4.7 North America Others Market by Country
Chapter 5. North America IoT Cloud Platform Market by Organization Size
5.1 North America Large Size Organizations Market by Country
5.2 North America Small & Medium Sized Organizations Market by Country
Chapter 6. North America IoT Cloud Platform Market by Offering
6.1 North America Platform (Without Services) Market by Country
6.2 North America IoT Cloud Platform Market by Platform Type
6.2.1 North America Device Management Market by Country
6.2.2 North America Connectivity & Communication Market by Country
6.2.3 North America Analytics Market by Country
6.3 North America Services Market by Country
Chapter 7. North America IoT Cloud Platform Market by Deployment Type
7.1 North America Commercial Market by Country
7.2 North America Private Market by Country
7.3 North America Hybrid Market by Country
Chapter 8. North America IoT Cloud Platform Market by Country
8.1 US IoT Cloud Platform Market
8.1.1 US IoT Cloud Platform Market by Application
8.1.2 US IoT Cloud Platform Market by Organization Size
8.1.3 US IoT Cloud Platform Market by Offering
8.1.3.1 US IoT Cloud Platform Market by Platform Type
8.1.4 US IoT Cloud Platform Market by Deployment Type
8.2 Canada IoT Cloud Platform Market
8.2.1 Canada IoT Cloud Platform Market by Application
8.2.2 Canada IoT Cloud Platform Market by Organization Size
8.2.3 Canada IoT Cloud Platform Market by Offering
8.2.3.1 Canada IoT Cloud Platform Market by Platform Type
8.2.4 Canada IoT Cloud Platform Market by Deployment Type
8.3 Mexico IoT Cloud Platform Market
8.3.1 Mexico IoT Cloud Platform Market by Application
8.3.2 Mexico IoT Cloud Platform Market by Organization Size
8.3.3 Mexico IoT Cloud Platform Market by Offering
8.3.3.1 Mexico IoT Cloud Platform Market by Platform Type
8.3.4 Mexico IoT Cloud Platform Market by Deployment Type
8.4 Rest of North America IoT Cloud Platform Market
8.4.1 Rest of North America IoT Cloud Platform Market by Application
8.4.2 Rest of North America IoT Cloud Platform Market by Organization Size
8.4.3 Rest of North America IoT Cloud Platform Market by Offering
8.4.3.1 Rest of North America IoT Cloud Platform Market by Platform Type
8.4.4 Rest of North America IoT Cloud Platform Market by Deployment Type
Chapter 9. Company Profiles
9.1 Amazon Web Services, Inc. (Amazon.com, Inc.)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.4.2 Product Launches and Product Expansions:
9.1.5 SWOT Analysis
9.2 Microsoft Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Google LLC
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Cisco Systems, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.6 SWOT Analysis
9.5 IBM Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional & Segmental Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 Oracle Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.6 SWOT Analysis
9.7 Salesforce.com, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Siemens AG
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Product Launches and Product Expansions:
9.8.5.3 Acquisition and Mergers:
9.8.6 SWOT Analysis
9.9 Robert Bosch GmbH
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Alibaba Group Holding Limited
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental Analysis
9.10.4 Recent strategies and developments:
9.10.4.1 Partnerships, Collaborations, and Agreements:
9.10.4.2 Product Launches and Product Expansions:
Companies Mentioned
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Microsoft Corporation
- Google LLC
- Cisco Systems, Inc.
- IBM Corporation
- Oracle Corporation
- Salesforce, Inc.
- Siemens AG
- Alibaba Group Holding Limited
- Robert Bosch GmbH
Methodology
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