Global IoT Platform Market 2024-2028
The IoT platform market is forecasted to grow by USD 20716.2 mn during 2023-2028, accelerating at a CAGR of 26.06% during the forecast period. The report on the iot platform market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by large-scale benefits of using IoT devices, growing demand for smart homes, and growth in industrial automation.
Technavio's IoT platform market is segmented as below:
ByEnd-user
- Manufacturing
- Retail
- Healthcare
- ICT
- Others
ByDeployment
- Public cloud
- Private cloud
- Hybrid
ByGeography
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the development of open wi-fi networks as one of the prime reasons driving the IoT platform market growth during the next few years. Also, increasing use of IoT platform in healthcare and emergence of smart cities will lead to sizable demand in the market.
The report on the IoT platform market covers the following areas:
- IoT platform market sizing
- IoT platform market forecast
- IoT platform market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading IoT platform market vendors that 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.. Also, the IoT platform market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.