IoT Platform Market Size, Share & Trends Analysis Report By Component (Platform, Services), By Deployment (Private Cloud, Public Cloud), By Organization Size, By Application, By Region, And Segment Forecasts, 2024

The global IoT platform market size was estimated at USD 11.10 billion in 2023 and is projected to grow at a CAGR of 12.7% from 2024 to 2030. The increasing integration of IoT technology in various industries, such as manufacturing, healthcare, and agriculture, is driving the demand for robust IoT platforms. In addition, the growing need for automation and remote monitoring is further accelerating the adoption of IoT platforms, which is expected to further fuel the market growth in the coming years.

Governments and private enterprises worldwide are investing significantly in the development of smart cities and smart homes, which is further boosting the demand for IoT platforms. These platforms serve as the backbone for connecting various devices and systems, enabling seamless communication and control. The deployment of IoT platforms in smart cities and smart home projects supports applications such as traffic management, energy optimization, and public safety, further driving the market demand.

The convergence of cloud computing and edge computing is significantly propelling market growth. Cloud-based IoT platforms offer scalability, flexibility, and cost-effectiveness, allowing businesses to manage large volumes of IoT data efficiently and edge computing enables real-time data processing closer to the source, reducing latency and enhancing security. The combination of these technologies is paving the way for innovative IoT applications in areas such as autonomous vehicles, industrial automation, and healthcare, thereby driving market growth.

Furthermore, the rising concerns over data security and privacy are accelerating the adoption of IoT platforms. Regulatory frameworks such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) are compelling organizations to adopt secure IoT platforms that comply with data protection standards. This has led to the development of advanced security features within IoT platforms, such as encryption, multi-factor authentication, and secure firmware updates, thereby boosting market expansion.

Moreover, the integration of artificial intelligence (AI) and machine learning (ML) into IoT platforms is revolutionizing the market by enabling advanced analytics, predictive maintenance, and intelligent automation. AI-powered IoT platforms can analyze massive amounts of data generated by connected devices to uncover insights and optimize operations. This trend is expected to continue as businesses seek to leverage AI and ML to gain a competitive edge through IoT-enabled innovations.

Global IoT Platform Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global IoT platform market report based on component, deployment, organization size, application, and region:

Component Outlook (Revenue, USD Billion, 2018 - 2030)
Platform
- Device Management
- Connectivity Management
- Application Enablement
- Others
Services
- Professional Services
- Training & Consulting
- Integration & Deployment
- Support & Maintenance
- Managed Services
Deployment Outlook (Revenue, USD Billion, 2018 - 2030)
Private Cloud
Public Cloud
Hybrid
Organization Size Outlook (Revenue, USD Billion, 2018 - 2030)
Small & Medium Enterprises
Large Enterprises
Application Outlook (Revenue, USD Billion, 2018 - 2030)
Smart Manufacturing
Building & Home Automation
Smart Grid and Utilities
Connected Healthcare
Smart Retail
Smart Transportation
Telecommunications
Others
Regional Outlook (Revenue, USD Billion, 2018 - 2030)
North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
Asia Pacific
- China
- Australia
- Japan
- India
- South Korea
Latin America
- Brazil
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Product Code: GVR-4-68040-479-2

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definitions
1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
1.4. 1.4 Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. IoT Platform Market Snapshot
2.2. IoT Platform Market- Segment Snapshot
2.3. IoT Platform Market- Competitive Landscape Snapshot

Chapter 3. IoT Platform Market - Industry Outlook

3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
3.4. Industry Analysis Tools
- 3.4.1. Porter's analysis
- 3.4.2. Macroeconomic analysis
3.5. Technology Trends

Chapter 4. IoT Platform Market: Component Estimates & Trend Analysis

4.1. Component Movement Analysis & Market Share, 2023 & 2030
4.2. IoT Platform Market Estimates & Forecast, By Component (USD Billion)
- 4.2.1. Platform
  - 4.2.1.1. Device Management
  - 4.2.1.2. Connectivity Management
  - 4.2.1.3. Application Enablement
  - 4.2.1.4. Others
- 4.2.2. Services
  - 4.2.2.1. Professional Services
    - 4.2.2.1.1. Training & Consulting
    - 4.2.2.1.2. Integration & Deployment
    - 4.2.2.1.3. Support & Maintenance
  - 4.2.2.2. Managed Services

Chapter 5. IoT Platform Market: Deployment Estimates & Trend Analysis

5.1. Deployment Movement Analysis & Market Share, 2023 & 2030
5.2. IoT Platform Market Estimates & Forecast, By Deployment (USD Billion)
- 5.2.1. Private Cloud
- 5.2.2. Public Cloud
- 5.2.3. Hybrid

Chapter 6. IoT Platform Market: Organization Size Estimates & Trend Analysis

6.1. Organization Size Movement Analysis & Market Share, 2023 & 2030
6.2. IoT Platform Market Estimates & Forecast, By Organization Size (USD Billion)
- 6.2.1. Small & Medium Enterprises
- 6.2.2. Large Enterprises

Chapter 7. IoT Platform Market: Application Estimates & Trend Analysis

7.1. Industry Vertical Movement Analysis & Market Share, 2023 & 2030
7.2. IoT Platform Market Estimates & Forecast, (USD Billion)
- 7.2.1. Smart Manufacturing
- 7.2.2. Building & Home Automation
- 7.2.3. Smart Grid and Utilities
- 7.2.4. Connected Healthcare
- 7.2.5. Smart Retail
- 7.2.6. Smart Transportation
- 7.2.7. Telecommunications
- 7.2.8. Others

Chapter 8. Regional Estimates & Trend Analysis

8.1. IoT Platform Market by Region, 2023 & 2030
8.2. North America
- 8.2.1. North America IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 8.2.2. U.S.
- 8.2.3. Canada
- 8.2.4. Mexico
8.3. Europe
- 8.3.1. Europe IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 8.3.2. UK
- 8.3.3. Germany
- 8.3.4. France
8.4. Asia Pacific
- 8.4.1. Asia Pacific IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 8.4.2. China
- 8.4.3. Japan
- 8.4.4. India
- 8.4.5. South Korea
- 8.4.6. Australia
8.5. Latin America
- 8.5.1. Latin America IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 8.5.2. Brazil
8.6. Middle East & Africa (MEA)
- 8.6.1. MEA IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 8.6.2. UAE
- 8.6.3. Saudi Arabia
- 8.6.4. South Africa

Chapter 9. IoT Platform Market - Competitive Landscape

9.1. Recent Developments & Impact Analysis, By Key Market Participants
9.2. Company Categorization
9.3. Participant's Overview
9.4. Financial Performance
9.5. Product Benchmarking
9.6. Company Market Positioning Analysis
9.7. Company Heat Map Analysis
9.8. Strategy Mapping
- 9.8.1. Expansion/Divestiture
- 9.8.2. Collaborations/Partnerships
- 9.8.3. New Product Launches
- 9.8.4. Contract
9.9. Company Profiles
- 9.9.1. Microsoft Corporation
  - 9.9.1.1. Participant's Overview
  - 9.9.1.2. Financial Performance
  - 9.9.1.3. Product Benchmarking
  - 9.9.1.4. Recent Developments
- 9.9.2. Amazon Web Services, Inc.
  - 9.9.2.1. Participant's Overview
  - 9.9.2.2. Financial Performance
  - 9.9.2.3. Product Benchmarking
  - 9.9.2.4. Recent Developments
- 9.9.3. Google LLC
  - 9.9.3.1. Participant's Overview
  - 9.9.3.2. Financial Performance
  - 9.9.3.3. Product Benchmarking
  - 9.9.3.4. Recent Developments
- 9.9.4. Siemens AG
  - 9.9.4.1. Participant's Overview
  - 9.9.4.2. Financial Performance
  - 9.9.4.3. Product Benchmarking
  - 9.9.4.4. Recent Developments
- 9.9.5. IBM Corporation
  - 9.9.5.1. Participant's Overview
  - 9.9.5.2. Financial Performance
  - 9.9.5.3. Product Benchmarking
  - 9.9.5.4. Recent Developments
- 9.9.6. Cisco Systems, Inc.
  - 9.9.6.1. Participant's Overview
  - 9.9.6.2. Financial Performance
  - 9.9.6.3. Product Benchmarking
  - 9.9.6.4. Recent Developments
- 9.9.7. Oracle Corporation.
  - 9.9.7.1. Participant's Overview
  - 9.9.7.2. Financial Performance
  - 9.9.7.3. Product Benchmarking
  - 9.9.7.4. Recent Developments
- 9.9.8. PTC Inc.
  - 9.9.8.1. Participant's Overview
  - 9.9.8.2. Financial Performance
  - 9.9.8.3. Product Benchmarking
  - 9.9.8.4. Recent Developments
- 9.9.9. SAP SE
  - 9.9.9.1. Participant's Overview
  - 9.9.9.2. Financial Performance
  - 9.9.9.3. Product Benchmarking
  - 9.9.9.4. Recent Developments
- 9.9.10. Intel Corporation
  - 9.9.10.1. Participant's Overview
  - 9.9.10.2. Financial Performance
  - 9.9.10.3. Product Benchmarking
  - 9.9.10.4. Recent Developments

Product Code: GVR-4-68040-479-2

List of Tables

Table 1 IoT Platform Market - Key Market Driver Impact
Table 2 Global IoT Platform Market - Key Market Restraint Impact
Table 3 Global IoT Platform Market - Key Market Opportunities
Table 4 Global IoT Platform Market - Key Market Challenges
Table 5 IoT Platform Market Revenue Estimates and Forecast, By Component, 2018 - 2030 (USD Billion)
Table 6 IoT Platform Market Revenue Estimates and Forecast, By Deployment, 2018 - 2030 (USD Billion)
Table 7 IoT Platform Market Revenue Estimates and Forecast, By Organization Size, 2018 - 2030 (USD Billion)
Table 8 IoT Platform Market Revenue Estimates and Forecast, By Application, 2018 - 2030 (USD Billion)
Table 9 Recent Developments & Impact Analysis, By Key Market Participants
Table 10 Company Heat Map Analysis
Table 11 Key Companies Launching New Products
Table 12 Key Companies Pursuing Expansions
Table 13 Key Companies Pursuing Mergers & Acquisitions
Table 14 Key Companies Collaborations

List of Figures

Fig. 1 Market Segmentation And Scope
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation And Validation
Fig. 5 Data Validating & Publishing
Fig. 6 Market Snapshot
Fig. 7 Segment Snapshot (1/2)
Fig. 8 Segment Snapshot (2/2)
Fig. 9 Competitive Landscape Snapshot
Fig. 10 IoT Platform Market, 2018 - 2030 (USD Billion)
Fig. 11 IoT Platform Market - Value Chain Analysis
Fig. 12 IoT Platform Market- Market Dynamics
Fig. 13 IoT Platform Market - Porter's Five Forces Analysis
Fig. 14 IoT Platform Market - PESTEL Analysis
Fig. 15 IoT Platform Market, By Component: Key Takeaways
Fig. 16 IoT Platform Market, By Component: Market Share, 2023 & 2030
Fig. 17 Platform IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 18 Device Management IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 19 Connectivity Management IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 20 Application Enablement IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 21 Others IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 22 Services IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 23 Professional Services IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 24 Training & Consulting IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 25 Integration & Deployment IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 26 Support & Maintenance IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 27 Managed Services IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 28 IoT Platform Market, By Deployment: Key Takeaways
Fig. 29 IoT Platform Market, By Deployment: Market Share, 2023 & 2030
Fig. 30 Private Colud IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 31 Public Cloud IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 32 Hybrid IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 33 IoT Platform Market, By Organization Size: Key Takeaways
Fig. 34 IoT Platform Market, By Organization Size: Market Share, 2023 & 2030
Fig. 35 Small and Medium Enterprises IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 36 Large Enterprises IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 37 IoT Platform Market, By Application: Key Takeaways
Fig. 38 IoT Platform Market, By Application: Market Share, 2023 & 2030
Fig. 39 Smart Manufacturing IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 40 Building & Home Automation IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 41 Smart Grid and Utilities IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 42 Connected Healthcare IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 43 Smart Retail IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 44 Smart Transportation IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 45 Telecommunications IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 46 Others IoT Platform Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 47 Regional Marketplace: Key Takeaways
Fig. 48 Regional Marketplace: Key Takeaways
Fig. 49 North America IoT Platform Market Estimates & Forecast, 2018 - 2030 (USD Billion)
Fig. 50 U.S. IoT Platform Market Estimates & Forecast, 2018 - 2030 (USD Billion)
Fig. 51 Canada IoT Platform Market Estimates & Forecast, 2018 - 2030 (USD Billion)
Fig. 52 Mexico IoT Platform Market Estimates & Forecast, 2018 - 2030 (USD Billion)
Fig. 53 Europe IoT Platform Market Estimates & Forecast, 2018 - 2030 (USD Billion)
Fig. 54 Germany IoT Platform Market Estimates & Forecast, 2018 - 2030 (USD Billion)
Fig. 55 UK IoT Platform Market Estimates & Forecast, 2018 - 2030 (USD Billion)
Fig. 56 France IoT Platform Market Estimates & Forecast, 2018 - 2030 (USD Billion)
Fig. 57 Asia Pacific IoT Platform Market Estimates & Forecast, 2018 - 2030 (USD Billion)
Fig. 58 China IoT Platform Market Estimates & Forecast, 2018 - 2030 (USD Billion)
Fig. 59 India IoT Platform Market Estimates & Forecast, 2018 - 2030 (USD Billion)
Fig. 60 Japan IoT Platform Market Estimates & Forecast, 2018 - 2030 (USD Billion)
Fig. 61 Australia IoT Platform Market Estimates & Forecast, 2018 - 2030 (USD Billion)
Fig. 62 South Korea IoT Platform Market Estimates & Forecast, 2018 - 2030 (USD Billion)
Fig. 63 Latin America IoT Platform Market Estimates & Forecast, 2018 - 2030 (USD Billion)
Fig. 64 Brazil IoT Platform Market Estimates & Forecast, 2018 - 2030 (USD Billion)
Fig. 65 MEA IoT Platform Market Estimates & Forecast, 2018 - 2030 (USD Billion)
Fig. 66 Saudi Arabia IoT Platform Market Estimates & Forecast, 2018 - 2030 (USD Billion)
Fig. 67 South Africa IoT Platform Market Estimates & Forecast, 2018 - 2030 (USD Billion)
Fig. 68 UAE IoT Platform Market Estimates & Forecast, 2018 - 2030 (USD Billion)
Fig. 69 Key Company Categorization
Fig. 70 Company Market Positioning Analysis
Fig. 71 Strategic Framework

IoT Platform Market Size, Share & Trends Analysis Report By Component (Platform, Services), By Deployment (Private Cloud, Public Cloud), By Organization Size, By Application, By Region, And Segment Forecasts, 2024 - 2030

Description

Table of Contents

List of Tables

IoT Platform Market Size & Trends:

Table of Contents

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. IoT Platform Market - Industry Outlook

Chapter 4. IoT Platform Market: Component Estimates & Trend Analysis

Chapter 5. IoT Platform Market: Deployment Estimates & Trend Analysis

Chapter 6. IoT Platform Market: Organization Size Estimates & Trend Analysis

Chapter 7. IoT Platform Market: Application Estimates & Trend Analysis

Chapter 8. Regional Estimates & Trend Analysis

Chapter 9. IoT Platform Market - Competitive Landscape

List of Tables

List of Figures