IOT Platform Market Size

ID: MRFR/ICT/1207-CR

128 Pages

Shubham Munde

March 2024

IoT Platform Market Research Report Information By Platform (IoT Connectivity Platforms, IoT Device Management Platforms, IoT Application Enablement Platforms, loT Analytics Platforms, IoT Hardware Development Platforms & IoT Integration Platforms), By Organization Size (Small & Medium Enterprises & Large Enterprises, By Deployment Model (Cloud {Public, Private, and Hybrid} & On...

Single User

$ 4,950.0

Multiple License

$ 5,950.0

Enterprise User

$ 7,250.0

Summary Table of Contents Segmentation Download PDF

Iot Platform Size

IOT Platform Market Growth Projections and Opportunities

The IoT (Internet of Things) platform market is experiencing dynamic growth, fueled by the widespread adoption of connected devices and the increasing need for seamless connectivity and data integration. At the core of IoT implementation, these platforms serve as the backbone, enabling the management, analysis, and communication of data generated by interconnected devices. The market dynamics of IoT platforms are driven by several key factors.

Firstly, the proliferation of connected devices across various industries is a primary driver of the IoT platform market. From smart homes and wearables to industrial sensors and healthcare devices, the IoT ecosystem is expanding rapidly. As more devices get connected, the demand for robust platforms that can handle the massive influx of data and facilitate efficient communication between devices becomes crucial. This has led to a surge in the adoption of IoT platforms by businesses seeking to harness the power of connected technologies.

Secondly, interoperability is a key factor shaping the dynamics of the IoT platform market. With devices and sensors manufactured by different vendors, ensuring seamless communication and data exchange is essential. IoT platforms play a pivotal role in providing standardized protocols and interfaces, allowing disparate devices to work together cohesively. Interoperability not only enhances the overall efficiency of IoT implementations but also encourages the development of a more diverse and collaborative IoT ecosystem.

Thirdly, the evolution of edge computing has significantly impacted the IoT platform market. Edge computing involves processing data closer to the source of generation rather than relying solely on centralized cloud servers. This approach reduces latency, enhances real-time processing capabilities, and alleviates bandwidth constraints. As a result, IoT platforms are adapting to incorporate edge computing capabilities, allowing businesses to deploy more efficient and responsive IoT solutions.

The competitive landscape of the IoT platform market is characterized by the presence of established technology giants, cloud service providers, and niche players offering specialized solutions. Major players in the market are continuously innovating to enhance their platforms with features like advanced analytics, security protocols, and scalability. Simultaneously, startups are emerging with unique offerings, focusing on specific industry verticals or addressing niche requirements within the IoT ecosystem, contributing to a diverse and competitive market.

Security concerns are another critical aspect shaping the dynamics of the IoT platform market. As the number of connected devices increases, so does the potential vulnerability to cyber threats. Ensuring the security of data transmitted between devices and stored on IoT platforms is paramount. Market dynamics are influenced by ongoing efforts to develop robust security protocols and solutions that safeguard the integrity and confidentiality of IoT data.

Furthermore, regulatory compliance and standards play a pivotal role in shaping the IoT platform market. Governments and industry bodies are actively working on establishing guidelines and standards to ensure the ethical use of IoT data, protect consumer privacy, and address security issues. Compliance with these regulations is a key consideration for businesses when selecting IoT platforms, influencing market dynamics and driving the development of platforms that adhere to global standards.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

Customize Report

Certified Researchers

Market Summary

As per Market Research Future Analysis, the IoT Platform Market is projected to grow from USD 199.60 Million in 2024 to USD 2056.58 Million by 2035, with a CAGR of 23.6% during the forecast period. The market was valued at USD 199.60 Million in 2024. Key drivers include increased demand in automotive testing and the growing TIC in the medical equipment industry. The rise in smart connected devices, particularly in sectors like energy and manufacturing, is expected to further boost market growth. IoT platforms facilitate the integration and management of data from these devices, enhancing operational efficiency and customer experiences.

Key Market Trends & Highlights

The IoT Platform Market is witnessing significant growth driven by technological advancements and increased adoption across various sectors.

Market Size in 2024: USD 199.60 Million; projected to reach USD 2056.58 Million by 2035. CAGR of 23.6% during the forecast period (2024 - 2032). Europe accounted for ~37% of the market share in 2022. Large Enterprises dominated the market in 2022, driven by the need for innovation and operational efficiency.

Market Size & Forecast

2024 Market Size	USD 199.60 Million
2035 Market Size	USD 2056.58 Million
CAGR	23.62%

Major Players

Key players include IBM, Oracle, Salesforce, Cisco, Google, Microsoft, SAP, Siemens, Robert Bosch, Samsung, Telit, Autodesk, AWS, PTC, and Particle Industries.

Market Trends

The Global IoT Platform Market is poised for robust growth as industries increasingly adopt interconnected devices to enhance operational efficiency and drive innovation.

U.S. Department of Commerce

IOT Platform Market Market Drivers

Market Growth Projections

The Global IoT Platform Market Industry is projected to experience remarkable growth in the coming years. With an estimated market value of 199.6 USD Million in 2024, it is expected to surge to 2057.4 USD Million by 2035. This trajectory indicates a robust compound annual growth rate (CAGR) of 23.62% from 2025 to 2035, reflecting the increasing adoption of IoT technologies across various sectors. The growth is driven by factors such as rising demand for smart devices, automation, and government initiatives, all contributing to a dynamic and evolving market landscape.

Increased Focus on Automation

Automation is becoming increasingly vital across various sectors, driving the Global IoT Platform Market Industry. Industries such as manufacturing, logistics, and agriculture are leveraging IoT platforms to enhance operational efficiency and reduce costs. For instance, smart factories utilize IoT solutions to monitor equipment performance in real-time, thereby minimizing downtime. This shift towards automation is likely to propel the market forward, as organizations seek to integrate IoT technologies into their operations. The anticipated growth trajectory suggests that the market will continue to evolve, with businesses recognizing the value of IoT platforms in streamlining processes and improving productivity.

Growing Need for Data Analytics

The escalating volume of data generated by connected devices necessitates advanced data analytics capabilities, thereby propelling the Global IoT Platform Market Industry. Organizations are increasingly recognizing the importance of extracting actionable insights from vast datasets to inform decision-making. IoT platforms equipped with analytics tools enable businesses to monitor performance metrics, predict trends, and optimize operations. This growing emphasis on data-driven strategies is likely to enhance the demand for IoT solutions that offer comprehensive analytics functionalities. As companies strive to remain competitive, the integration of data analytics into IoT platforms will become a critical factor in shaping the market landscape.

Rising Demand for Smart Devices

The increasing proliferation of smart devices globally is a primary driver of the Global IoT Platform Market Industry. As consumers and businesses alike adopt smart technologies, the need for robust IoT platforms to manage and analyze data becomes paramount. In 2024, the market is projected to reach 199.6 USD Million, reflecting a growing reliance on interconnected devices. This trend is expected to continue, with the market potentially expanding to 2057.4 USD Million by 2035. The compound annual growth rate (CAGR) of 23.62% from 2025 to 2035 indicates a sustained demand for IoT solutions that facilitate seamless communication between devices.

Government Initiatives and Support

Government initiatives aimed at promoting digital transformation are significantly influencing the Global IoT Platform Market Industry. Various countries are investing in smart city projects and infrastructure development, which inherently require advanced IoT solutions. For example, initiatives to enhance public safety and transportation systems often incorporate IoT technologies. These governmental efforts not only foster innovation but also create a conducive environment for IoT platform adoption. As public sector investments increase, the market is expected to benefit from enhanced funding and support, further driving growth and encouraging private sector participation in IoT initiatives.

Emerging Technologies and Innovations

The emergence of new technologies such as artificial intelligence and machine learning is reshaping the Global IoT Platform Market Industry. These innovations enhance the capabilities of IoT platforms, allowing for smarter decision-making and improved automation. For instance, AI-driven IoT solutions can analyze data patterns and predict equipment failures before they occur, thus reducing maintenance costs. As organizations increasingly adopt these advanced technologies, the market is poised for substantial growth. The integration of AI and machine learning into IoT platforms not only improves efficiency but also opens new avenues for innovation, further driving market expansion.

Market Segment Insights

IoT Platform Market Platform Segment Insights

IoT Platform Insights

Based on platform, the global IoT Platform market segmentation includes IoT Connectivity Platforms, <a href="https://www.marketresearchfuture.com/reports/iot-device-management-platform-market-26645">IoT Device Management Platforms</a>, IoT Application Enablement Platforms, loT Analytics Platforms, IoT Hardware Development Platforms and IoT Integration Platforms. The IoT Application Enablement Platforms held the majority share in 2022, contributing around ~25.5% to the market revenue. Platforms for IoT application enablement enable developers to create, implement, and oversee IoT applications effectively. These platforms enable quick application development by offering frameworks and tools for gathering, handling, and evaluating data from networked devices.

With the help of capabilities like data storage, real-time analytics, device connectivity, and visualization, developers may design unique IoT solutions that are suited to particular use cases.

Prominent platforms like as AWS IoT Core, Google Cloud IoT, Microsoft Azure IoT Suite, and IBM Watson IoT Platform provide extensive service suites to facilitate the building of end-to-end IoT applications. These platforms are essential for shortening time-to-market, cutting development costs, and opening up new revenue streams as companies use IoT more and more to spur innovation and <a href="https://www.marketresearchfuture.com/reports/digital-transformation-market-8685">digital transformation</a>. Application Enablement Platforms are crucial tools in the expanding IoT space for realizing the full potential of linked devices and data

IoT Platform Service Organization Size Insights

Based on the organization size, the global IoT Platform market segmentation is Small & Medium Enterprises and Large Enterprises. Large Enterprises dominated the market in 2022. IoT platforms are experiencing exponential growth in the field of large enterprises as essential instruments for fostering innovation and streamlining operations. These platforms include strong infrastructure, cutting-edge analytics, and strict security features to meet the complicated requirements of large-scale deployments. Prominent service providers including AWS IoT, Microsoft Azure IoT, Google Cloud IoT, and IBM Watson IoT Platform offer extensive service suites customized to meet the needs of large enterprises.

FIGURE 2: IOT PLATFORM MARKET, BY ORGANIZATION SIZE 2022 VS 2032 (USD BILLION)

Large businesses use these platforms to automate procedures for increased competitiveness and efficiency, handle enormous volumes of IoT data, and derive useful insights.

Furthermore, these platforms allow for the smooth integration of third-party apps and current enterprise systems, promoting ecosystem growth and interoperability. IoT platforms act as strategic facilitators for large firms embracing digital transformation, helping them to take advantage of new business possibilities, make better decisions, and maintain their competitive edge in an ever-changing and linked business world.

IoT Platform Deployment Model Insights

Based on end-user, the global IoT Platform market segmentation includes Cloud and On-Premises. The Cloud owners held the majority share in 2022. With its scalable architecture, sophisticated analytics, and secure data management features, the cloud lays the basis for the Internet of Things' explosive growth. Strong IoT platforms are available from top cloud providers including AWS, Microsoft Azure, Google Cloud, and IBM Cloud. These platforms allow for easy connectivity, real-time data processing, and actionable insights from IoT devices.

Without requiring a substantial initial investment in hardware or infrastructure, these platforms enable companies in a variety of industries to effectively implement and maintain IoT solutions. By leveraging the potential of linked devices and data, businesses can boost customer experiences, spur innovation, and streamline operations with cloud-based IoT systems. Cloud-based platforms will become more and more essential as the IoT landscape develops, helping IoT technologies to expand and be adopted and enabling businesses to prosper in the digital era.

IoT Platform Application Insights

Based on Application, the global IoT Platform market segmentation includes Consumer loT, Enterprise loT, and Industrial loT, The Enterprise loT held the majority share in 2022. As businesses use connected devices to boost productivity, spur innovation, and optimize operations, enterprise IoT platforms are expanding quickly. To meet the complicated requirements of large-scale deployments, these platforms offer powerful security features, scalable infrastructure, and comprehensive analytics. Prominent <a href="https://www.marketresearchfuture.com/reports/enterprise-iot-market-4245">enterprise IoT</a> platforms, like IBM Watson IoT, Microsoft Azure IoT, Google Cloud IoT, and AWS IoT, provide extensive service suites to accommodate a range of use cases in sectors like logistics, manufacturing, and healthcare.

They facilitate data-driven decision-making and the automation of business processes by enabling enterprises to gather, examine, and act upon data from IoT devices. Enterprise IoT platforms drive digital transformation and open up new opportunities for growth and competitiveness in the increasingly connected and data-driven business landscape by facilitating interoperability and ecosystem expansion through their seamless integration capabilities and support for industry standards

IoT Platform End Use Vertical Insights

Based on End Use Vertical, the global IoT Platform market segmentation includes Smart Manufacturing, <a href="https://www.marketresearchfuture.com/reports/smart-infrastructure-market-11664">Smart Infrastructure</a>, Smart Grid and Utilities, Connected Healthcare, Smart Retail, Smart Transportation, Telecommunications, and Others (Smart Education, Smart Agriculture, Connected Banking. The Smart Manufacturing held the majority share in 2022. As the manufacturing sector embraces digital transformation to increase efficiency, agility, and competitiveness, smart manufacturing IoT platforms are growing quickly. These platforms enable the smooth integration of IoT devices, sensors, and production equipment by providing comprehensive solutions designed specifically to meet the demands of smart factories.

Prominent IoT solutions for Smart Manufacturing, such GE Digital's Predix, Bosch Rexroth ctrlX, Siemens Industrial Edge, and PTC ThingWorx, offer real-time monitoring, predictive maintenance, and advanced analytics to maximize efficiency and reduce downtime.

They make it possible for producers to gather, examine, and respond to data from all points of the production line, which promotes quick decisions and ongoing development. Smart Manufacturing IoT platforms enable the shift towards Industry 4.0 principles for enhanced productivity and competitiveness in the global market by promoting innovation and facilitating interoperability and connectivity among diverse manufacturing systems. This is achieved through support for industry standards and protocols.

Get more detailed insights about IoT Platform Market Research Report - Global Forecast till 2032

Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Europe IoT Platform market accounted for ~37% in 2022. The data processing needed for Internet of Things networks and devices is supported more efficiently and quickly by 5G networks. Ten times reduced latency than 4G will result in more dependable and hassle-free operations. Thus, the introduction of 5G serves as a stimulant for the market's emergence of automated and self-driving gadgets.The Asia Pacific region is seeing a rise in the demand for 5G-enabled IoT devices due to these advantages.

In an effort to profit from smart devices, the region's communication providers—including Taiwan Mobile, Samsung Electronics Co., Ltd., and Reliance in India—are also diversifying their product lines. This presents chances for creating data gathering systems and adding sophisticated analytics features to already-existing systems. New innovations are being used by a number of regional network providers and vendors to improve their offerings. Following the introduction of 5G services, Bharati Airtel expanded its cloud offering in September 2022 by adding a number of cutting-edge goods.

The CDN (Cloud Edge Content Delivery Network) is part of the new cloud portfolio, which enables edge computing and 5G networks to be combined into a unified platform for data processing and computation by Internet of Things devices.

Digital transformation technologies facilitate innovation and functional improvement of firms and organizations using digital solutions.

FIGURE 3: IOT PLATFORM MARKET SIZE BY REGION 2022 VS 2032

IOT PLATFORM MARKET SIZE BY REGION

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Further, the major countries studied in the market report are the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Europe market accounts for the second-largest market share. Big data analytics combined with the Internet of Things can yield a variety of insights, including descriptive, prescriptive, predictive, and diagnostic analytics. Big data and connected devices should become more popular in Europe.Additionally, businesses in Germany, the United Kingdom, France, Italy, Spain, and the Netherlands are becoming more and more in need of this technology, which is contributing to the expansion of the market in the region. In a similar vein, the Nordic and Eastern European regions exhibit notable rates of advanced technology adoption.

A report released in March 2021 by the CBI Ministry of Foreign Affairs states that a number of European organizations are starting to see the benefits and significance of industry 4.0.

The North America IoT Platform Market is expected to grow at the fastest CAGR between 2022 and 2032. The quantity of Internet of Things (IoT)-based devices that wirelessly connect to a network to share data is rapidly increasing. Furthermore, sensor technology that is integrated into Internet of Things devices is sophisticated, broadly accessible, and reasonably priced. Large-scale monitoring and detection are just two of the new sensor applications made possible by the devices' affordability and ease of availability.

Additionally, the introduction of 5G has increased mobile connection, which has accelerated investments in IoT-based solutions even more. Big businesses keep putting money into IoT because they are using the technology more and more into their business strategies. They are doing this by quickly updating their IoT plans and closing long-term IoT contracts. For example, Godrej & Boyce said in January 2023 that they would be investing in IoT-based technologies to enhance customer experience, expand their global presence, and gain a larger market share.

The company's business division for material handling intended to invest twice as much in technology to assist sales, manufacturing, and sustainability throughout the company's value chain, among other operations. Additionally, companies are spending money on sensors for connected devices, which range from tools and machinery to cars and buildings.

Key Players and Competitive Insights

With a strong presence across different verticals and geographies, the IoT Platform market is highly competitive and dominated by established, pure-play vendors. Over 30 vendors cater to this market, and they continually innovate their solutions to meet the evolving needs of businesses by adopting new technologies. These vendors have a robust geographic footprint and partner ecosystem to cater to diverse customer segments. The IoT Platform market is highly competitive, with many vendors offering similar products and services.

Cisco, Google, Microsoft, AWS, PTC and Others are some of the key players operating in the global market. These companies compete in terms of availability, quality, price, and technology. They consider acquisition as a key strategy in the market. Although the international players dominate the market, regional and local players with small market shares also have a significant presence.

Furthermore, companies follow organic and inorganic strategies to strengthen their presence in the global market. They are focusing on product development and expansion to expand their product portfolio and enhance their customer relationships. Additionally, the companies are investing in the development of new and innovative audio equipment products.

The global IoT Platform market is consolidated, increasing competition, acquisitions, mergers, and other strategic market developments and decisions to improve operational effectiveness.

Key Companies in the IOT Platform Market market include

Industry Developments

In January 2024, Hyundai Motor and Kia will link Samsung’s ‘SmartThings’ IoT (Internet of Things) platform to their connected car services.

In February 2024, Oracle announced the Enterprise Communications Platform (ECP). By seamlessly connecting Oracle industry applications to networks and IoT devices to extend their value, ECP enables organizations to reimagine how they do business.

Future Outlook

IOT Platform Market Future Outlook

The IoT Platform Market is projected to grow at a 23.62% CAGR from 2025 to 2035, driven by advancements in AI, increased connectivity, and demand for automation.

New opportunities lie in:

Develop AI-driven analytics tools for real-time data processing. Expand IoT security solutions to address rising cyber threats. Create industry-specific IoT platforms for sectors like healthcare and manufacturing.

By 2035, the IoT Platform Market is expected to be a cornerstone of digital transformation across industries.

Market Segmentation

IoT Platform Outlook

IoT Connectivity Platforms
IoT Device Management Platforms
IoT Application Enablement Platforms
loT Analytics Platforms
IoT Hardware Development Platforms
IoT Integration Platforms

IoT Platform Regional Outlook

North America

US
Canada

IoT Platform Application Outlook

Consumer loT
Enterprise loT
Industrial loT

IoT Platform Deployment Model Outlook

Cloud
Public
Private
Hybrid
On-Premises

IoT Platform End Use Vertical Outlook

Smart Manufacturing
Smart Infrastructure
Smart Grid and Utilities
Connected Healthcare
Smart Retail
Smart Transportation
Telecommunications
Others (Smart Education,Smart Agriculture,Connected Banking)

IoT Platform Organization Size Outlook

Small & Medium Enterprises Cloud
Large Enterprises

Report Scope

Attribute/Metric	Details
Market Size 2024	USD 199.6 Million
Market Size 2035	2056.58 (Value (USD Billion))
Compound Annual Growth Rate (CAGR)	23.62% (2025 - 2035)
Base Year	2024
Market Forecast Period	2025 - 2035
Historical Data	2019- 2022
Market Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	Platform,Organization Size, Deployment Model, Application, End Use Vertical and Region
Geographies Covered	Europe, North America, Asia-Pacific, and the Rest of the World
Countries Covered	The U.S, Germany, Canada, U.K., Italy, France, Spain, Japan, China, Australia, India, South Korea, and Brazil
Key Companies Profiled	IBM, Oracle, Salesforce Inc, Cisco, Google, Microsoft, SAP, Siemens, Robert Bosch, Samsung, Telit, Autodesk, AWS, PTC, Particle Industries
Key Market Opportunities	Integration with emerging technologies such as AI and blockchain
Key Market Dynamics	Rise in use of smart connected devices· Increase in shift towards clou- based data· Need for efficient management and automation of business processes
Market Size 2025	246.75 (Value (USD Billion))

Market Highlights

Author

Shubham Munde

Research Analyst Level II

She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

Latest Comments

John Doe

john@example.com

This is a great article! Really helped me understand the topic better.

Posted on July 23, 2025, 10:15 AM

Jane Smith

jane@domain.com

Thanks for sharing this. I’ve bookmarked it for later reference.

Posted on July 22, 2025, 7:45 PM

View All

FAQs

How much is the IoT Platform market?

The global IoT Platform market size is expected to be valued at USD 160.7 Million in 2023.

What is the growth rate of the IoT Platform market?

The global market is projected to grow at a CAGR of 23.6% during the forecast period, 2024-2032.

Which region held the largest market share in the IoT Platform market?

Europe had the largest share of the global market.

Who are the key players in the IoT Platform market?

The key players in the market are SGS SA, Bureau Veritas, DEKRA, Intertek Group Plc, ALS Limited, ASTM International, BSI Group, Mistras Group, Inc.

--- '
MESSAGES FROM THE MANAGEMENT:
WHY MRFR?
MRFR OFFERINGS
KEY TAKE AWAY
Table of Contents
Executive Summary 22
Market Introduction 25
1. DEFINITION 25
2. Scope of the Study 25
3. RESEARCH OBJECTIVE 25
4. MARKET STRUCTURE 26
Research Methodology 27
1. OVERVIEW 27
2. DATA FLOW 29
  1. DATA MINING PROCESS 29
3. PURCHASED DATABASE: 30
4. SECONDARY SOURCES: 31
  1. SECONDARY RESEARCH DATA FLOW: 32
5. PRIMARY RESEARCH: 33
  1. PRIMARY RESEARCH DATA FLOW: 34
  2. PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED 35
  3. PRIMARY RESEARCH: REGIONAL COVERAGE 35
6. APPROACHES FOR MARKET SIZE ESTIMATION: 36
  1. REVENUE ANALYSIS APPROACH 36
7. DATA FORECASTING 36
  1. DATA FORECASTING TECHNIQUE 37
8. DATA MODELING 37
  1. MICROECONOMIC FACTOR ANALYSIS: 37
  2. DATA MODELING: 38
MARKET DYNAMICS 41
1. OVERVIEW 41
2. DRIVERS 42
  1. RISE IN USE OF SMART CONNECTED DEVICES 42
  2. INCREASE IN SHIFT TOWARDS CLOUD BASED DATA 42
  3. NEED FOR EFFICIENT MANAGEMENT AND AUTOMATION OF BUSINESS PROCESSES 43
3. RESTRAINTS 44
  1. ISSUE REGARDING SECURITY AND DATA BREACH 44
  2. HIGH IMPLEMENTATION COSTS AND COMPLEXITY 45
  3. ISSUE WITH RESPECT TO DATA CONSISTENCY AND INTEROPERABILITY ACROSS DIFFERENT EDGE PLATFORMS 45
4. OPPORTUNITIES 46
  1. GROWTH IN SMART CITY PROJECTS 46
  2. RISING DEMAND FROM VARIOUS INDUSTRY VERTICALS 47
  3. INTEGRATION WITH EMERGING TECHNOLOGIES SUCH AS AI AND BLOCKCHAIN 48
5. CHALLENGES: 49
  1. LACK OF TECHNICAL EXPERTISE 49
  2. LATENCY AND BANDWIDTH LIMITATIONS 50
6. IMPACT ANALYSIS OF COVID-19 50
  1. IMPACT ON VENDORS WORLDWIDE 50
  2. IMPACT ON IOT SERVICE 51
  3. IMPACT ON IT INDUSTRY 51
  4. COVID-19 IMPACT ON SUPPLY CHAIN DELAYS 52
MARKET FACTOR ANALYSIS 53
1. SUPPLY CHAIN ANALYSIS 53
  1. DEVELOPMENT AND SOURCING 53
  2. DEPLOYMENT AND CONFIGURATION 54
  3. OPERATION AND MAINTENANCE 54
  4. END-USER 54
  5. EVOLUTION AND INNOVATION 54
2. PORTER''S FIVE FORCES MODEL 55
  1. THREAT OF NEW ENTRANTS 55
  2. BARGAINING POWER OF SUPPLIERS 56
  3. THREAT OF SUBSTITUTES 56
  4. BARGAINING POWER OF BUYERS 56
  5. INTENSITY OF RIVALRY 56
3. TRENDS 57
  1. ADOPTION OF IOT 57
  2. GROWTH OF AI AND ML 57
4. APPLICATION OF EDGE-TO-CLOUD 58
GLOBAL IOT PLATFORM MARKET, BY PLATFORM 61
1. OVERVIEW 61
2. IOT CONNECTIVITY PLATFORMS 63
3. IOT DEVICE MANAGEMENT PLATFORMS 63
4. IOT APPLICATION ENABLEMENT PLATFORMS 63
5. LOT ANALYTICS PLATFORMS 64
6. IOT HARDWARE DEVELOPMENT PLATFORMS 64
7. IOT INTEGRATION PLATFORMS 64
GLOBAL IOT PLATFORM MARKET, BY ORGANIZATION SIZE 65
1. OVERVIEW 65
2. SMALL & MEDIUM ENTERPRISES 66
3. LARGE ENTERPRISES 66
GLOBAL IOT PLATFORM MARKET, BY DEPLOYMENT MODEL 67
1. OVERVIEW 67
2. CLOUD 68
  1. PUBLIC 69
  2. PRIVATE 69
  3. HYBRID 69
3. ON-PREMISES 69
GLOBAL IOT PLATFORM MARKET, BY APPLICATION 70
1. OVERVIEW 70
2. CONSUMER LOT 71
3. ENTERPRISE LOT 72
4. INDUSTRIAL LOT 72
GLOBAL IOT PLATFORM MARKET, BY END USE VERTICAL 73
1. OVERVIEW 73
2. SMART MANUFACTURING 75
3. SMART INFRASTRUCTURE 75
4. SMART GRID AND UTILITIES 76
5. CONNECTED HEALTHCARE 76
6. SMART RETAIL 76
7. SMART TRANSPORTATION 76
8. TELECOMMUNICATIONS 77
9. OTHERS (SMART EDUCATION, SMART AGRICULTURE, CONNECTED BANKING) 77
GLOBAL IOT PLATFORM MARKET, BY REGION 78
1. OVERVIEW 78
  1. GLOBAL IOT PLATFORM MARKET, BY REGION, 2022 VS 2032 (USD BILLION) 78
  2. GLOBAL IOT PLATFORM MARKET, BY REGION, 2019–2032 (USD BILLION) 79
2. NORTH AMERICA 79
  1. NORTH AMERICA 81
  2. US 83
  3. CANADA 85
  4. MEXICO 87
3. EUROPE 90
  1. EUROPE 92
  2. GERMANY 94
  3. UK 96
  4. FRANCE 98
  5. SPAIN 100
  6. ITALY 102
  7. RUSSIA 104
  8. REST OF EUROPE 106
4. ASIA-PACIFIC 108
  1. ASIA PACIFIC 110
  2. CHINA 112
  3. INDIA 114
  4. JAPAN 116
  5. SOUTH KOREA 118
  6. REST OF ASIA PACIFIC 120
5. MIDDLE EAST & AFRICA 122
  1. MIDDLE EAST & AFRICA 123
6. SOUTH AMERICA 125
  1. SOUTH AMERICA 125
Competitive Landscape 129
1. INTRODUCTION 129
2. MARKET SHARE ANALYSIS, 2022 130
3. COMPETITOR DASHBOARD 131
4. KEY DEVELOPMENTS & GROWTH STRATEGIES 132
  1. PRODUCT LAUNCH/PRODUCT APPROVAL/PRODUCT DEVELOPMET 132
  2. PARTNERSHIP/INVESTMENT 133
COMPANY PROFILE 134
1. IBM 134
  1. COMPANY OVERVIEW 134
  2. FINANCIAL OVERVIEW 135
  3. PRODUCTS OFFERED 136
  4. KEY DEVELOPMENTS 136
  5. SWOT ANALYSIS 136
  6. KEY STRATEGIES 136
2. ORACLE 137
  1. COMPANY OVERVIEW 137
  2. FINANCIAL OVERVIEW 138
  3. PRODUCTS OFFERED 138
  4. KEY DEVELOPMENTS 139
  5. SWOT ANALYSIS 139
  6. KEY STRATEGIES 139
3. SALESFORCE INC 140
  1. COMPANY OVERVIEW 140
  2. FINANCIAL OVERVIEW 141
  3. PRODUCTS OFFERED 141
  4. KEY DEVELOPMENTS 142
  5. SWOT ANALYSIS 142
  6. KEY STRATEGIES 142
4. CISCO 143
  1. COMPANY OVERVIEW 143
  2. FINANCIAL OVERVIEW 144
  3. PRODUCTS OFFERED 144
  4. KEY DEVELOPMENTS 145
  5. SWOT ANALYSIS 145
  6. KEY STRATEGIES 145
5. GOOGLE 146
  1. COMPANY OVERVIEW 146
  2. FINANCIAL OVERVIEW 147
  3. PRODUCTS OFFERED 147
  4. KEY DEVELOPMENTS 147
  5. SWOT ANALYSIS 148
  6. KEY STRATEGIES 148
6. MICROSOFT 149
  1. COMPANY OVERVIEW 149
  2. FINANCIAL OVERVIEW 150
  3. PRODUCTS OFFERED 150
  4. KEY DEVELOPMENTS 150
  5. SWOT ANALYSIS 151
  6. KEY STRATEGIES 151
7. SAP 152
  1. COMPANY OVERVIEW 152
  2. FINANCIAL OVERVIEW 153
  3. PRODUCTS OFFERED 153
  4. KEY DEVELOPMENTS 154
  5. SWOT ANALYSIS 154
  6. KEY STRATEGIES 154
8. SEIMENS 155
  1. COMPANY OVERVIEW 155
  2. FINANCIAL OVERVIEW 156
  3. PRODUCTS OFFERED 156
  4. KEY DEVELOPMENTS 156
  5. SWOT ANALYSIS 157
  6. KEY STRATEGIES 157
9. ROBERT BOSH 158
  1. COMPANY OVERVIEW 158
  2. FINANCIAL OVERVIEW 159
  3. PRODUCTS OFFERED 159
  4. KEY DEVELOPMENTS 159
  5. SWOT ANALYSIS 160
  6. KEY STRATEGIES 160
10. SAMSUNG 161
  1. COMPANY OVERVIEW 161
  2. FINANCIAL OVERVIEW 162
  3. PRODUCTS OFFERED 162
  4. KEY DEVELOPMENTS 163
  5. SWOT ANALYSIS 163
  6. KEY STRATEGIES 163
11. TELIT 164
  1. COMPANY OVERVIEW 164
  2. FINANCIAL OVERVIEW 164
  3. PRODUCTS OFFERED 165
  4. KEY DEVELOPMENTS 165
12. AUTODESK 166
  1. COMPANY OVERVIEW 166
  2. FINANCIAL OVERVIEW 167
  3. PRODUCTS OFFERED 167
  4. KEY DEVELOPMENTS 167
  5. SWOT ANALYSIS 168
  6. KEY STRATEGIES 168
13. AWS 169
  1. COMPANY OVERVIEW 169
  2. FINANCIAL OVERVIEW 170
  3. PRODUCTS OFFERED 170
  4. KEY DEVELOPMENTS 171
  5. SWOT ANALYSIS 172
  6. KEY STRATEGIES 172
14. PTC 173
  1. COMPANY OVERVIEW 173
  2. FINANCIAL OVERVIEW 174
  3. PRODUCTS OFFERED 174
  4. KEY DEVELOPMENTS 175
  5. SWOT ANALYSIS 175
  6. KEY STRATEGIES 175
15. PARTICLE INDUSTRIES 176
  1. COMPANY OVERVIEW 176
  2. FINANCIAL OVERVIEW 176
  3. PRODUCTS OFFERED 177
  4. KEY DEVELOPMENTS 177
  5. SWOT ANALYSIS 177
  6. KEY STRATEGIES 178
16. DATA CITATIONS 180
List of Tables and Figures
1. LIST OF TABLES
2. TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT 38
3. TABLE 2 GLOBAL IOT PLATFORM MARKET, BY PLATFORM, 2019-2032 (USD BILLION) 62
4. TABLE 3 GLOBAL IOT PLATFORM MARKET, BY ORGANIZATION SIZE, 2019-2032 (USD BILLION) 66
5. TABLE 4 GLOBAL IOT PLATFORM MARKET, BY DEPLOYMENT MODEL, 2019-2032 (USD BILLION) 68
6. TABLE 5 GLOBAL IOT PLATFORM MARKET, BY CLOUD, 2019-2032 (USD BILLION) 68
7. TABLE 6 GLOBAL IOT PLATFORM MARKET, BY APPLICATION, 2019-2032 (USD BILLION) 71
8. TABLE 7 GLOBAL IOT PLATFORM MARKET, BY END USE VERTICAL, 2019-2032 (USD BILLION) 74
9. TABLE 8 GLOBAL IOT PLATFORM MARKET, BY REGION, 2019–2032 (USD BILLION) 79
10. TABLE 9 NORTH AMERICA: IOT PLATFORM MARKET, BY COUNTRY, 2018-2032 (USD BILLION) 81
11. TABLE 10 NORTH AMERICA IOT PLATFORM MARKET, BY PLATFORM, 2019-2032 (USD BILLION) 81
12. TABLE 11 NORTH AMERICA IOT PLATFORM MARKET, BY ORGANIZATION SIZE, 2019-2032 (USD BILLION) 82
13. TABLE 12 NORTH AMERICA IOT PLATFORM MARKET, BY DEPLOYMENT MODEL, 2019-2032 (USD BILLION) 82
14. TABLE 13 NORTH AMERICA IOT PLATFORM MARKET, BY CLOUD, 2019-2032 (USD BILLION) 82
15. TABLE 14 NORTH AMERICA IOT PLATFORM MARKET, BY APPLICATION, 2019-2032 (USD BILLION) 82
16. TABLE 15 NORTH AMERICA IOT PLATFORM MARKET, BY END USE VERTICAL, 2019-2032 (USD BILLION) 83
17. TABLE 16 US IOT PLATFORM MARKET, BY PLATFORM, 2019-2032 (USD BILLION) 83
18. TABLE 17 US IOT PLATFORM MARKET, BY ORGANIZATION SIZE, 2019-2032 (USD BILLION) 84
19. TABLE 18 US IOT PLATFORM MARKET, BY DEPLOYMENT MODEL, 2019-2032 (USD BILLION) 84
20. TABLE 19 US IOT PLATFORM MARKET, BY CLOUD, 2019-2032 (USD BILLION) 84
21. TABLE 20 US IOT PLATFORM MARKET, BY APPLICATION, 2019-2032 (USD BILLION) 84
22. TABLE 21 US IOT PLATFORM MARKET, BY END USE VERTICAL, 2019-2032 (USD BILLION) 85
23. TABLE 22 CANADA IOT PLATFORM MARKET, BY PLATFORM, 2019-2032 (USD BILLION) 85
24. TABLE 23 CANADA IOT PLATFORM MARKET, BY ORGANIZATION SIZE, 2019-2032 (USD BILLION) 86
25. TABLE 24 CANADA IOT PLATFORM MARKET, BY DEPLOYMENT MODEL, 2019-2032 (USD BILLION) 86
26. TABLE 25 CANADA IOT PLATFORM MARKET, BY CLOUD, 2019-2032 (USD BILLION) 86
27. TABLE 26 CANADA IOT PLATFORM MARKET, BY APPLICATION, 2019-2032 (USD BILLION) 86
28. TABLE 27 CANADA IOT PLATFORM MARKET, BY END USE VERTICAL, 2019-2032 (USD BILLION) 87
29. TABLE 28 MEXICO IOT PLATFORM MARKET, BY PLATFORM, 2019-2032 (USD BILLION) 87
30. TABLE 29 MEXICO IOT PLATFORM MARKET, BY ORGANIZATION SIZE, 2019-2032 (USD BILLION) 88
31. TABLE 30 MEXICO IOT PLATFORM MARKET, BY DEPLOYMENT MODEL, 2019-2032 (USD BILLION) 88
32. TABLE 31 MEXICO IOT PLATFORM MARKET, BY CLOUD, 2019-2032 (USD BILLION) 88
33. TABLE 32 MEXICO IOT PLATFORM MARKET, BY APPLICATION, 2019-2032 (USD BILLION) 88
34. TABLE 33 MEXICO IOT PLATFORM MARKET, BY END USE VERTICAL, 2019-2032 (USD BILLION) 89
35. TABLE 34 EUROPE: IOT PLATFORM MARKET, BY COUNTRY, 2018-2032 (USD BILLION) 91
36. TABLE 35 EUROPE IOT PLATFORM MARKET, BY PLATFORM, 2019-2032 (USD BILLION) 92
37. TABLE 36 EUROPE IOT PLATFORM MARKET, BY ORGANIZATION SIZE, 2019-2032 (USD BILLION) 92
38. TABLE 37 EUROPE IOT PLATFORM MARKET, BY DEPLOYMENT MODEL, 2019-2032 (USD BILLION) 92
39. TABLE 38 EUROPE IOT PLATFORM MARKET, BY CLOUD, 2019-2032 (USD BILLION) 93
40. TABLE 39 EUROPE IOT PLATFORM MARKET, BY APPLICATION, 2019-2032 (USD BILLION) 93
41. TABLE 40 EUROPE IOT PLATFORM MARKET, BY END USE VERTICAL, 2019-2032 (USD BILLION) 93
42. TABLE 41 GERMANY IOT PLATFORM MARKET, BY PLATFORM, 2019-2032 (USD BILLION) 94
43. TABLE 42 GERMANY IOT PLATFORM MARKET, BY ORGANIZATION SIZE, 2019-2032 (USD BILLION) 94
44. TABLE 43 GERMANY IOT PLATFORM MARKET, BY DEPLOYMENT MODEL, 2019-2032 (USD BILLION) 94
45. TABLE 44 GERMANY IOT PLATFORM MARKET, BY CLOUD, 2019-2032 (USD BILLION) 95
46. TABLE 45 GERMANY IOT PLATFORM MARKET, BY APPLICATION, 2019-2032 (USD BILLION) 95
47. TABLE 46 GERMANY IOT PLATFORM MARKET, BY END USE VERTICAL, 2019-2032 (USD BILLION) 95
48. TABLE 47 UK IOT PLATFORM MARKET, BY PLATFORM, 2019-2032 (USD BILLION) 96
49. TABLE 48 UK IOT PLATFORM MARKET, BY ORGANIZATION SIZE, 2019-2032 (USD BILLION) 96
50. TABLE 49 UK IOT PLATFORM MARKET, BY DEPLOYMENT MODEL, 2019-2032 (USD BILLION) 96
51. TABLE 50 UK IOT PLATFORM MARKET, BY CLOUD, 2019-2032 (USD BILLION) 97
52. TABLE 51 UK IOT PLATFORM MARKET, BY APPLICATION, 2019-2032 (USD BILLION) 97
53. TABLE 52 UK IOT PLATFORM MARKET, BY END USE VERTICAL, 2019-2032 (USD BILLION) 97
54. TABLE 53 FRANCE IOT PLATFORM MARKET, BY PLATFORM, 2019-2032 (USD BILLION) 98
55. TABLE 54 FRANCE IOT PLATFORM MARKET, BY ORGANIZATION SIZE, 2019-2032 (USD BILLION) 98
56. TABLE 55 FRANCE IOT PLATFORM MARKET, BY DEPLOYMENT MODEL, 2019-2032 (USD BILLION) 98
57. TABLE 56 FRANCE IOT PLATFORM MARKET, BY CLOUD, 2019-2032 (USD BILLION) 99
58. TABLE 57 FRANCE IOT PLATFORM MARKET, BY APPLICATION, 2019-2032 (USD BILLION) 99

IoT Platform Market Segmentation

Global IoT Platform Outlook (USD Billion, 2019-2032)

IoT Connectivity Platforms
IoT Device Management Platforms
IoT Application Enablement Platforms
loT Analytics Platforms
IoT Hardware Development Platforms
IoT Integration Platforms

IoT Platform Organization Size Outlook (USD Billion, 2019-2032)

Small & Medium Enterprises Cloud
Large Enterprises

IoT Platform Deployment Model Outlook (USD Billion, 2019-2032)

Cloud
Public
Private
Hybrid
On-Premises

IoT Platform Application Outlook (USD Billion, 2019-2032)

Consumer loT
Enterprise loT
Industrial loT

IoT Platform End Use Vertical Outlook (USD Billion, 2019-2032)

Smart Manufacturing
Smart Infrastructure
Smart Grid and Utilities
Connected Healthcare
Smart Retail
Smart Transportation
Telecommunications
Others (Smart Education,Smart Agriculture,Connected Banking)

Free Sample Request

Kindly complete the form below to receive a free sample of this Report

Customer Strories

“I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

Victoria Milne

Founder

Case Study

Chemicals and Materials

Global Magnesium Sulfate Market – Forecast till 2027