Global Internet of Things (IoT) Platforms Market was valued at USD 8 Billion in 2022 and is projected to reach USD 20 Billion by 2030, growing at a CAGR of 14% from 2024 to 2030.
The Global Internet of Things (IoT) platforms market has experienced substantial growth in recent years, driven by the increasing demand for connected devices and smarter infrastructure. IoT platforms are essential for managing and optimizing connected devices, data flow, and communication between devices. These platforms allow businesses to leverage data from sensors, machines, and other IoT-enabled devices to improve operational efficiency. Key industries such as manufacturing, healthcare, automotive, and agriculture have adopted IoT solutions to enhance productivity, reduce costs, and drive innovation. The market is expected to continue expanding with the integration of advanced technologies like artificial intelligence (AI), machine learning (ML), and edge computing. The rising number of connected devices Globally, along with growing demand for real-time data processing, plays a significant role in shaping the market’s growth trajectory.
Emerging trends in the IoT platforms market indicate a shift towards more secure, scalable, and interoperable solutions that cater to a wide variety of use cases across different sectors. The rise of 5G technology is expected to further accelerate the growth of IoT by enabling faster data transmission and reducing latency. Additionally, the growing importance of data privacy and security has led to a greater emphasis on developing robust IoT platforms with advanced encryption and security measures. Opportunities in the market lie in developing customized IoT solutions for small and medium-sized enterprises (SMEs) and industries that are still in the early stages of IoT adoption. Furthermore, as the adoption of smart cities and smart homes increases, the demand for IoT platforms capable of managing and optimizing vast networks of interconnected devices will further fuel market expansion, presenting significant growth opportunities for stakeholders.
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PTC (ThingWorx)
Cisco (Jasper)
Microsoft
IBM
Intel
SAP
Oracle
Amazon
Telit
General Electric
Gemalto
Zebra Technologies
ATandT
Xively (LogMeIn)
Aeris
Exosite
Particle
Ayla Networks
relayr
Bosch Software Innovations
Teezle
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Gloabl Internet of Things (IoT) Platforms Market
Device Management Platforms
Connectivity Management Platforms
Application Enablement Platforms
Data Management Platforms
Analytics Platforms
Cloud-Based IoT Platforms
On-Premises IoT Platforms
Hybrid IoT Platforms
Manufacturing
Healthcare
Transportation and Logistics
Agriculture
Smart Home
LPWAN (Low Power Wide Area Network)
Bluetooth and BLE (Bluetooth Low Energy)
Wi-Fi
Zigbee
Cellular Technologies (3G, 4G, 5G)
Small and Medium Enterprises (SMEs)
Large Enterprises
US (Global, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Gloabl Internet of Things (IoT) Platforms Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Gloabl Internet of Things (IoT) Platforms Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Gloabl Internet of Things (IoT) Platforms Market, By Type
6. Gloabl Internet of Things (IoT) Platforms Market, By Application
7. Gloabl Internet of Things (IoT) Platforms Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. Gloabl Internet of Things (IoT) Platforms Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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