Internet of Things (IoT) Cloud is intended to process and store IoT information. The Internet of Things Cloud platform is worked to take in the enormous volumes of information created by applications, sites, sensors, gadgets, clients and accomplices and furthermore for constant reactions.. The global internet of things cloud platform market is expected to grow with a CAGR of 31 percent in the forecast period 2016-2023. The increased operational efficacy, development of high-speed networking technologies, rising demand of intelligent and connected devices and cost-effective and easily deployable cloud storage are some of the major driver which drives the internet of things cloud platform market, globally. Moreover, due to lack of data security and privacy concern and lack of data management and interoperability become the major challenge for the internet of things cloud platform market which hinders the growth of internet of things cloud platform market.

The global internet of things cloud platform market is diversified into platforms, services, deployment model, organization size, application. On the basis of platform the global Internet of things cloud platform market is segmented into application enablement platform, connectivity management, device management. On the basis of services the global internet of things cloud platform market is diversified into professional services and managed services. The managed services hold the largest market share due to increasing high adoptability of internet of things technology in various industries such as retail, manufacturing etc.. On the basis of deployment model the global internet of things cloud platform market is diversified into public deployment model, private deployment model, hybrid deployment model. On the basis of organization size the global internet of things cloud platform market is diversified into small and medium businesses and large enterprise.

Geographically, global Internet of things cloud platform market is diversified into North America, Europe, Asia pacific and rest of the world. The North America internet of things cloud platform market holds the largest market share in 2016 followed by Europe. The US and Canada are some of the major countries which drives the market of internet of things cloud platform in North America region. Due early adoption of technology in North American region has increased the internet of things cloud platform market. More over the Asia Pacific Internet of things cloud platform market holds the largest CAGR in the forecast year 2016-2023. China, India and Japan are some of the major countries which fuels the internet of things cloud platform market in Asia pacific region. Due to increasing in number of Small and Medium Enterprises in various verticals that include information technology, FMCG and others has increased the demand of internet of things cloud platform market.

Amazon Web Services, Inc., Google Inc, International Business Machines Corporation, Microsoft Corporation, Salesforce.Com, General Electric, PTC, Samsung Electronics Co. Ltd, SAP SE, Telit, Alcatel-Lucent, AT&T, Cisco Systems, Huawei Technologies Co. Ltd., Davra Networks are some of the major companies of Internet of Things Cloud Platform market. Acquisition, merger, innovation and new product launch are some of the major strategies adopted by companies. For example: in 2016 the Microsoft corporation has announced that they had successfully completed the acquisition of Solair, an Italy based company which works on internet of things platform segment.