The global Internet of Things (IoT) platform market size was USD 9 Billion in 2022 and is expected to register a rapid revenue CAGR of 15.0% during the forecast period. Increasing proliferation of IoT devices and shift from on-premises to cloud-based data management strategy, rising government initiatives for Research & Development (R&D) activities related to Internet of Things (IoT) are key factors driving market revenue growth.

Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

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Key companies operating in the IoT Platform market include:

Cisco Systems, Inc., Amazon Web Services, Inc., Microsoft, IBM, Google, Oracle, GE DIGITAL, Particle Industries, Inc., Bosch.IO GmbH, Alibaba Cloud, Telit, Siemens, PTC, Hitachi, Ericsson, SAP, Relayr, Huawei, C3 IoT, and Sierra Wireless

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global IoT Platform market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

• Comprehensive analysis of the competitive scenario and its changing dynamics
• Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
• In-depth 8-year analysis of the Global IoT Platform Market
• Critical understanding of the key market segments
• Comprehensive analysis of the drivers, restraints, trends, and opportunities
• Detailed regional analysis and extensive company profiling
• Extensive assessment of current and emerging trends of the market

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IoT Platform Market Segmentation:

• Platform Outlook (Revenue, USD Billion; 2019-2032)

  • Internet Connectivity
  • IaaS Backend
  • Hardware-Specific Software
  • Consumer/Enterprise Software Extension

• Deployment Outlook (Revenue, USD Billion; 2019-2032)

  • On-Premises
  • Cloud
  • Hybrid

• Service Outlook (Revenue, USD Billion; 2019-2032)

  • Training and Consulting
  • Integration and Deployment
  • Support and Maintenance

IoT Platform Market Segmentation by Regions:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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