IoT Cloud Platform Market size was valued at USD 8.64 Bn. in 2023 and the total revenue is expected to grow by 11.9% from 2023 to 2030, reaching nearly USD 19Bn.
IoT Cloud Platform Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the IoT Cloud Platform Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the IoT Cloud Platform market by thorough analysis, and projections are made up to 2030.
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IoT Cloud Platform Market Scope and Methodology:
The IoT Cloud Platform market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the IoT Cloud Platform market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.
Also, the research offers detailed insights into the dynamics of the IoT Cloud Platform market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional IoT Cloud Platform market were developed. The study provides a thorough value chain analysis that clarifies the IoT Cloud Platform production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the IoT Cloud Platform market on a global and micro level.
IoT Cloud Platform Market Segmentation:
by Offering
Platform
Device Management
Connectivity Management
Application Enablement
Service
Professional Services
Managed Services
Platform and Services are the two divisions of the IoT Cloud Platform Market. Device Management, Connectivity Management, and Application Enablement are the three sub-segments of the Platform segment. All IoT and cloud operations-related tasks, including collecting data from IoT-enabled devices and storing and analyzing that data to generate real-time insights, depend on the platform. The rise in IoT devices across various application sectors is the main factor propelling the market's platform segment expansion.
by Deployment Mode
Public Cloud
Private Cloud
Hybrid
The market for IoT cloud platforms is divided into three segments: hybrid, private, and public. In 2023, the Public Cloud category accounted for the greatest portion of the market. The main factors driving the expansion of the public cloud market are simplicity of deployment, adaptability, and affordable prices. A number of developed economies, including the US, China, India, UK, Australia, and Canada, have boosted their investment in public cloud infrastructure, which is likely to drive demand for public cloud deployment methods in the IoT cloud platform market.
by Application Area
Building and Home Automation
Smart Manufacturing
Smart Transportation
Connected Healthcare
Smart Retail
Smart Grid and Utilities
Others
Building and Home Automation, Smart Manufacturing, Smart Transportation, Connected Healthcare, Smart Retail, Smart Grid and Utilities, and Others are the segments that make up the IoT Cloud Platform Market. Over the course of the projection period, the Connected Healthcare segment is anticipated to expand rapidly. The expanding use of wireless devices in the healthcare industry, the availability of fast cellular networks, and the growing use of embedded sensors are all factors contributing to the segment's growth. Thanks to sensor and device connection, healthcare organizations may optimize clinical operations, manage processes, and enhance real-time patient care—even from remote locations. Because of this, healthcare organizations are working hard to implement dependable apps and networked technology.
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IoT Cloud Platform Market Key Players:
1.Amazon Web Services, Inc. (US)
2.Microsoft (US)
3. Google (US)
4.Cisco Systems (US)
5.International Business Machines Corporation (US)
6.Oracle Corporation (US)
7. Salesforce, Inc (US)
8. PTC Inc (US)
9.Autodesk (US)
10.AT&T (US)
11. GE Digital (US)
12. Ayla Networks Inc (US)
13.GENERAL ELECTRIC (US)
14.KaaIoT Technologies, LLC (US)
15.ThingsBoard Authors (US)
16. Apple Inc (US)
17. HARMAN International. (US)
18. Hewlett Packard Enterprise Development LP (US)
19. Intel Corporation (US)
20.SAP SE (Germany)
21.Bosch Software Innovations GmbH (Germany)
22.Siemens (Germany)
23. Vodafone Group Plc (UK)
24.Telit (Italy)
25.Italtel S.p.A (Italy)
26. Thinger.io (Spain)
27. Accenture (Ireland)
28. Alibaba Cloud (China)
29.Zoho Corporation (India)
30. Happiest Minds (India)
31.Samsung (South Korea)
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IoT Cloud Platform Market Regional Insights :
The size and trends in the IoT Cloud Platform market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).
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Key questions answered in the IoT Cloud Platform Market are:
- What is IoT Cloud Platform ?
- What was the IoT Cloud Platform market size in 2023?
- Which are the factors expected to drive the IoT Cloud Platform market growth?
- Who are the leading companies and what are their portfolios in IoT Cloud Platform Market?
- What growth strategies are the players considering to increase their presence in IoT Cloud Platform ?
- What are the upcoming industry applications and trends for the IoT Cloud Platform Market?
- What will be the CAGR at which the IoT Cloud Platform market will grow?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the IoT Cloud Platform Market?
- What are the different segments of the IoT Cloud Platform Market?
- What is the growth rate of the IoT Cloud Platform Market?
- What segments are covered in the IoT Cloud Platform Market?
- Who are the key players in the IoT Cloud Platform market?
- What are the key challenges and opportunities in the IoT Cloud Platform market?
- Which application holds the highest potential in the IoT Cloud Platform market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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