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IoT Platform Market size is set to grow by USD 20.71 billion from 2024-2028, Large-scale benefits of using iot devices boost the market, Technavio

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NEW YORK, Aug. 13, 2024 /PRNewswire/ — The global IoT platform market size is estimated to grow by USD 20.71 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 26.06% during the forecast period. Large-scale benefits of using iot devices is driving market growth, with a trend towards development of open wi-fi networks. However, rise in privacy and security issues poses a challenge. Key market players include Accenture Plc, Alphabet Inc., Amazon.com Inc., AT and T Inc., Axiros GmbH, Cisco Systems Inc., Davra, Echelon Solutions Group, General Electric Co., Huawei Technologies Co. Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Nokia Corp., PTC Inc., Salesforce Inc., Samsung Electronics Co. Ltd., SAP SE, Siemens AG, and Wipro Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

IoT Platform Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 26.06%

Market growth 2024-2028

USD 20716.2 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

21.6

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

APAC at 42%

Key countries

US, China, Germany, Japan, and UK

Key companies profiled

Accenture Plc, Alphabet Inc., Amazon.com Inc., AT and T Inc., Axiros GmbH, Cisco Systems Inc., Davra, Echelon Solutions Group, General Electric Co., Huawei Technologies Co. Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Nokia Corp., PTC Inc., Salesforce Inc., Samsung Electronics Co. Ltd., SAP SE, Siemens AG, and Wipro Ltd.

Market Driver

OpenWireless.org, a cyber activist group, aims to enhance Internet connectivity by encouraging wireless device sharing. Their software converts mobile devices into wireless access points, potentially creating a ubiquitous public network. This could reduce network congestion and allow more simultaneous connections. The group plans to ensure privacy by routing traffic through Tor or VPN and using EAP-TLS encryption. They prioritize router owners’ needs and believe this network could help solve privacy issues, increase IoT adoption, and decrease connectivity issues globally. This initiative could lead to significant market growth for IoT devices during the forecast period. 

IoT platforms are transforming business landscapes by enabling connectivity and communication between various devices and systems. Trending industries like HealthTech, EduTech, FinTech, GamingTech, and Industry 4.0 are embracing IoT technology to enhance operations and customer experiences. Key trends include the integration of AI, 5G, edge computing, and big data. Audio equipment products are now IoT-enabled, allowing real-time monitoring and analytics. Middleware, processing units, memory units, connectivity modules, commercial sensors, actuators, and IoT architecture are crucial components of these platforms. Enterprise IoT platforms cater to large-size organizations, offering device management, data storage, data analytics, and data centers. IoT Carrier 1NCE ensures seamless connectivity. The hybrid segment is gaining popularity, allowing on-premise and cloud deployment. Major players include IoT ecosystem members like Microsoft Azure, IBM Watson, and Google Cloud Platform. IoT architecture includes the IoT carrier, platform, middleware, processing unit, memory unit, connectivity module, commercial sensors, actuators, and data centers. In conclusion, IoT platforms are revolutionizing industries, from Healthcare organizations to Media & Entertainment, by providing efficient device management, connectivity, and data analytics. 

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Market Challenges

IoT platforms are gaining popularity in both consumer and enterprise markets, offering numerous benefits such as automation, efficiency, and real-time data analysis. However, security concerns are a major hindrance to the market’s growth. Hacking IoT devices can result in significant damages, from blackouts caused by compromised smart meters to stolen sensitive information from hacked refrigerators or even dangerous consequences like the leak of vital information from nuclear facilities. In the context of the ongoing COVID-19 pandemic, IoT’s role in prevention and detection is undeniable, with the installation of connected thermometers and networks of sensors to detect outbreaks. However, these advantages come with increased privacy and security risks, as more devices get connected to the internet. Protecting valuable data from the data center to the network edge is crucial to mitigate these concerns and ensure the safe commercialization of IoT devices.IoT platforms are essential for businesses looking to leverage the power of the Internet of Things (IoT). However, implementing an IoT solution comes with challenges. Middleware, processing units, memory, and connectivity modules are key components of an IoT architecture, but choosing the right platform can be complex. IoT Carrier 1NCE and BICS SA/NV offer IoT connectivity, while data centers and cloud solutions handle data storage and analytics. Healthcare organizations use IoT for PPE, medical devices like Medtronic’s ventilator, and connected medical facilities. Olea Sensor Networks’ Elevate, MRFR, and other IoT providers offer solutions for various industries, from consumer to enterprise and industrial IoT. Enterprise IoT platforms cater to large and small businesses, offering on-premises or cloud solutions. IoT connectivity and analytics platforms, as well as integration platforms, are crucial for businesses looking to streamline their IoT implementation. Telecommunications companies and 5G networks enable seamless IoT communication. Microsoft and AWS are among the leading IoT ecosystem players, providing comprehensive IoT solutions for smart manufacturing, infrastructure, retail, transportation, and more.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This iot platform market report extensively covers market segmentation by 

End-user 1.1 Manufacturing1.2 Retail1.3 Healthcare1.4 ICT1.5 OthersDeployment 2.1 Public cloud2.2 Private cloud2.3 HybridGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Manufacturing- The IoT platform market is growing significantly as businesses seek to connect and manage their devices for enhanced efficiency and productivity. These platforms enable real-time data collection, analysis, and actionable insights, leading to improved operations and customer experiences. Major players in this market include Microsoft, IBM, and Amazon Web Services, offering various solutions to cater to diverse industries. Companies invest in IoT platforms to streamline processes, reduce costs, and gain a competitive edge.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) –Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Internet of Things (IoT) Security Market is projected to grow significantly, driven by escalating cyber threats and increased IoT device adoption. As organizations seek to protect sensitive data and ensure operational continuity, the market is expected to expand at a robust CAGR. Meanwhile, the global Podcast Market is witnessing a surge in popularity, fueled by growing consumer demand for on-demand content.

Research Analysis

IoT platforms are essential infrastructure for managing and connecting various IoT devices, sensors, and actuators. They provide middleware, processing units, memory, and connectivity modules to enable seamless communication between different components. IoT architecture includes IoT Carrier 1NCE, MRFR, and other IoT connectivity platforms, as well as IoT analytics platforms with AI capabilities. Industrial IoT (IIoT) and 5G networks play a significant role in industrial automation and real-time data processing. IoT technology integrates commercial sensors, actuators, and edge computing for big data analysis in various sectors, including HealthTech, EduTech, Industry 4.0, and more. 5G networks and IoT devices are revolutionizing industries by enabling faster and more reliable data transfer, leading to new applications and business opportunities. IoT technology is transforming industries by providing real-time insights, automation, and improved efficiency.

Market Research Overview

IoT platforms are essential infrastructure for managing and connecting various devices, sensors, and actuators in the Internet of Things (IoT) ecosystem. These platforms consist of middleware, processing units, memory units, connectivity modules, and commercial sensors. The IoT architecture includes data centers, enterprise IoT platforms, and IoT carrier 1NCE, which facilitate data storage, data analytics, and data communication. Healthcare organizations are significant adopters of IoT technology, with connected medical devices such as Medtronic’s ventilator and Olea Sensor Networks’ Elevate. BICS SA/NV and other IoT carriers provide connectivity for these devices, enabling real-time monitoring and communication between healthcare workers and medical facilities.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userManufacturingRetailHealthcareICTOthersDeploymentPublic CloudPrivate CloudHybridGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Leoguar Electric Bike Makes Christmas Unforgettable with Exclusive Holiday Offers

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HOUSTON, Dec. 25, 2024 /PRNewswire/ — As the holiday season draws near, Leoguar is excited to offer exclusive deals on their range of electric bikes, bringing families together for memorable moments. With a collection designed to combine fun and fitness, this Christmas is the perfect time to gift an unforgettable experience.

“This Christmas, we’re inviting families to rediscover the joy of outdoor exploration. Our bikes help you bond, stay active, and make the most of every moment,” said the Leoguar COO.

Leoguar’s holiday lineup offers premium e-bikes for every rider, now with unbeatable deals: 

Flippo Folding eBike: A lightweight, foldable ride perfect for urban commutes. Upgrade to the Flippo Pro for enhanced performance with a torque sensor for smoother rides.

Fastron Fat Tire eBikes: Built for rugged terrains, the Fastron features a durable, rugged build, and speeds up to 28 MPH, making it the perfect choice for adventurous riders.

Zephyr Beach Cruiser eBikes: Crafted for effortless coastal cruising, the design combines style and comfort, featuring a comfort saddle that ensures a smooth, seamless ride.

Sprint Utility eBike: A versatile, practical choice featuring a sturdy frame and passenger seat, perfect for errands or leisure.

Trailblazer EMTB: Designed for tough off-road trails, the model features a 500W mid-drive motor, offering powerful performance, extended range, and excellent climbing ability.

To make this holiday gift even sweeter, all Leoguar bikes come with free shipping and a two-year warranty for worry-free riding. Additionally, customers can join the holiday giveaway to win prizes like $59 bottle holders, or even a free e-bike!

Leoguar bikes cater to all experience levels, offering comfort and a seamless riding experience. They promote health benefits like improved fitness and stress relief while creating lasting memories on scenic rides.

“Whether it’s cruising the city streets, riding mountain trails, or relaxing by the beach, a Leoguar electric bike is the ideal Christmas gift,” the COO added. “This holiday season, choose a cycling gift that will last for years to come — there’s no better way to kick off the new year.”

To check out the full collection and take advantage of these limited-time offers, visit www.leoguarbikes.com

About Leoguar:

Leoguar is an eco-conscious e-bike brand founded by Johnny, an engineer with decades of industry expertise. Combining innovation, agility, and power, Leoguar delivers high-quality electric bikes designed for adventure, sustainability, and individuality.

Media contact: lily@leoguarbikes.com 

 

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SOURCE Leoguar Electric Bikes

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2024 Financial Oscars: Waton Securities International Honored as “Outstanding Digital Empowerment Institution” of the Year

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SHENZHEN, China, Dec. 25, 2024 /PRNewswire/ — In early December, at the 18th Huaxia Institutional Investor Annual Conference of 2024, the 18th Golden Cicada Awards were announced. Waton Securities International was awarded the “Outstanding Digital Empowerment Financial Institution of 2024” for its significant achievements in securities brokerage and fin-tech sector.

The selection for the “Outstanding Digital Empowerment Financial Institution” focused on evaluating companies based on financial performance, market competitiveness, customer recognition, digital strategy planning and implementation, digital transformation outcomes, and risk control capabilities. Particularly, it highlighted cases that have made significant strides in digital empowerment.

The evaluation also emphasized the outstanding performance of financial institutions in their own digital transformation and the sound risk control abilities demonstrated during this process, ensuring that while pursuing innovation, companies can effectively manage and control risks. Waton Securities International distinguished itself among the contenders with its sophisticated technology platform, well-defined digital strategy, substantial transformation achievements, and commendable risk control mechanisms.

Established in Hong Kong in 1989, Waton Securities International has steadily grown with a deep understanding of professional financial services and regulatory compliance. It has obtained licenses 1/4/5/9 from the Hong Kong Securities and Futures Commission, becoming a fully licensed brokerage with comprehensive financial service qualifications. Through continuous technological innovation and digital transformation, it has successfully built a one-stop brokerage cloud service platform, promoting advanced digital financial technology globally. Its pioneering SaaS product, “Broker Cloud”, allows corporate clients to independently deploy and operate high-performance digital customer information management and trading systems without their own IT teams. The solution is relatively low-cost and adaptive to industry, which is the core competitiveness of Waton Securities International.

Data reveals that of the 1,100 securities firms in Hong Kong, approximately 600 are actively trading, yet fewer than 50 have developed their own mobile applications. On a global scale, among the 30,000 securities companies, only a handful—less than 300—feature brokerage trading Apps in App stores. This underscores a significant market demand for the digital enhancement of the securities sector.

With the swift growth of technologies like generative AI LLMs, blockchain, big data, and cloud computing, the securities industry can use these tools to streamline trading strategies, assess risks more accurately, and forecast market trends. These technologies also help the industry to move towards more integrated, platform-focused, and digital operations. The main goal of technology in finance is to increase the efficiency of financial institutions. A good starting point for applying technology is to focus on financial services and build a solid technical foundation for these institutions.

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SOURCE Waton Securities

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Mega Matrix Announced that the English Version of “Getting Even: The Secret Prodigy’s Playbook” Now Streaming on FlexTV

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SINGAPORE, Dec. 25, 2024 /PRNewswire/ — The highly anticipated English adaptation of the revenge rebirth series, Getting Even: The Secret Prodigy’s Playbook, officially premiered on December 19th on FlexTV, the world-leading short drama streaming platform operated by Mega Matrix Inc. (NYSE American: MPU). The series delves into the intricacies of power struggles within the White family, chronicling the protagonist’s journey of rebirth and empowerment to rewrite her destiny.

Audrey White, the legitimate daughter of the White family, was sent abroad at a young age due to family circumstances, gradually estranging her from her kin. When she finally returns home, eager to reunite with her family, she unexpectedly becomes the target of jealousy from Ruby White, the family’s adopted daughter. Harboring deep resentment, Ruby orchestrates a kidnapping plot, culminating in a devastating fire designed to test the loyalty and affection of the White family.

Left to perish in the flames, Audrey is abandoned by her family but heroically rescued by her uncle. Miraculously, she is granted a second chance at life, returning three years prior with the power to alter her fate. Determined to expose Ruby’s schemes, rebuild her family bonds, and claim her rightful respect and happiness, Audrey embarks on a journey of resilience and redemption.

FlexTV, operated by MPU, is a global leader in short drama streaming, delivering content in over 100 countries in multiple languages, including English, Japanese, Korean, Portuguese, Spanish, French, and Arabic. Known for its premium-quality dramas and unparalleled user experience, FlexTV has captured the hearts of audiences worldwide. The English version of Getting Even: The Secret Prodigy’s Playbook, now streaming on FlexTV, offers a compelling exploration of familial power dynamics, the complexities of human nature, and the protagonist’s growth and self-redemption in adversity. For more exciting content, please visit https://www.flextv.cc/.

#WealthyFamily #Revenge #Rebirth #ShortDrama #FlexTV #MPU

About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through its subsidiary, Yuder Pte, Ltd.. Mega Matrix Inc. is a Cayman Island corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to execute the strategic cooperation with TopReels, ability to obtain additional financing in the future to fund capital expenditures; ability to establish the investment fund with 9 Yards Communications under the memorandum of understanding; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company’s profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company’s future results of operations are subject to additional risks and uncertainties set forth under the “Risk Factors” in documents filed by the Company’s predecessor, Mega Matrix Corp., with the Securities and Exchange Commission, including the Company’s latest annual report on Form 10-K, as amended, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company’s inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company’s assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Disclosure Channels

We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:

The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.

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SOURCE Mega Matrix Corp.

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