Global IoT Platforms Market Growth (Status and Outlook) 2023-2029

Global IoT Platforms Market Growth (Status and Outlook) 2023-2029

An IoT platform means cloud-based and on premise software packages and related services that enable and support sophisticated IoT services. Speak specifically, An IoT platform combines several software functions into one solution to enable companies to develop and deploy Internet of Things solutions faster, better and cheaper.

LPI (LP Information)' newest research report, the “IoT Platforms Industry Forecast” looks at past sales and reviews total world IoT Platforms sales in 2022, providing a comprehensive analysis by region and market sector of projected IoT Platforms sales for 2023 through 2029. With IoT Platforms sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world IoT Platforms industry.

This Insight Report provides a comprehensive analysis of the global IoT Platforms 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 Platforms portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global IoT Platforms market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for IoT Platforms 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 Platforms.

The global IoT Platforms market size is projected to grow from US$ 4474.8 million in 2022 to US$ 20970 million in 2029; it is expected to grow at a CAGR of 24.7% from 2023 to 2029.

PTC (ThingWorx), Cisco (Jasper) and Microsoft captured the top three revenue share spots in the IoT Platforms market. Cisco (Jasper) dominated with 7% revenue share, followed by PTC (ThingWorx) with 6% revenue share and Microsoft with 4% revenue share.

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

Market Segmentation:

Segmentation by type

Consumer IoT

Business IoT

Segmentation by application

Smart Home & Wearables

Smart Energy

Smart Security

Manufacturing

Transportation & Logistics

Healthcare

Others

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.

PTC (ThingWorx)

Cisco (Jasper)

Microsoft (Azure)

Google

IBM

Intel

SAP

Oracle

Amazon Web Services (AWS)

Telit

General Electric

Zebra Technologies

AT&T

Aeris

Exosite

Particle

Ayla Networks

relayr

Bosch Software Innovations

Teezle

Thales (Cinterion)

Salesforce

IRI

ThingWorx

KaaIoT Technologies

WSO2

GE Digital (Predix Platform)

HPE

Zyter (SmartSpaces)

IOTech

UrsaLeo

Verizon (ThingSpace)

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