Global IoT Edge Platform Market Growth (Status and Outlook) 2024-2030

Global IoT Edge Platform Market Growth (Status and Outlook) 2024-2030

IoT edge platforms help facilitate localized computer processing on IoT devices. These devices constantly analyze streams of data including information about networks, actions, and anything else the device is connected to or interacting with. IoT edge platforms provide containerized modules to deploy on IoT devices, a runtime to execute actions locally, and a cloud-based interface for monitoring and management.

Companies use these technologies to reduce bandwidth usage for IoT devices, respond quicker to malfunction, and reduce overall network traffic. Shifting IoT analytics to the edge can also increase security by reducing the amount of data being transferred over networks.

The global IoT Edge Platform market size is projected to grow from US$ 993.9 million in 2023 to US$ 2394.2 million in 2030; it is expected to grow at a CAGR of 13.4% from 2024 to 2030.

LPI (LP Information)' newest research report, the “IoT Edge Platform Industry Forecast” looks at past sales and reviews total world IoT Edge Platform sales in 2023, providing a comprehensive analysis by region and market sector of projected IoT Edge Platform sales for 2024 through 2030. With IoT Edge Platform sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world IoT Edge Platform industry.

This Insight Report provides a comprehensive analysis of the global IoT Edge Platform landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on IoT Edge Platform portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global IoT Edge Platform market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for IoT Edge Platform and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global IoT Edge Platform.

According to our research, the number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China's data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.

This report presents a comprehensive overview, market shares, and growth opportunities of IoT Edge Platform market by product type, application, key players and key regions and countries.

Segmentation by type
Cloud Based
On Premises

Segmentation by application
Large Enterprises
SMEs

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
AWS
Microsoft
Rancher
Akamai Technologies
Bosch.IO
ClearBlade
Check Point Software Technologies
Crosser Technologies
Software AG
EdgeIQ
Google
IBM
ARDIC
FogHorn Systems
Marlabs
SAS
VMware
Nutanix

Please note: The report will take approximately 2 business days to prepare and deliver.