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IoT Cloud Platform Market

Global IoT Cloud Platform Market Size, Share, Growth, Forecast: By Offering: Platform, Services; By Deployment Mode: Private, Commercial, Hybrid; By Organisation Size: Small and Medium-Sized Organizations, Large Size Organizations; By Application: Smart Infrastructure, Automotive, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global IoT Cloud Platform Market Outlook

The global IoT cloud platform market size reached approximately USD 13.20 billion in 2023. The market is assessed to grow at a CAGR of 13.8% between 2024 and 2032, reaching a value of around USD 42.26 billion by 2032.

 

Key Trends in the Market

IoT, the Internet of Things, refers to a wide network of digital devices interconnected to facilitate real-time collection and exchange of data. IoT cloud computing deals with the integration of cloud technologies to utilise connectivity options and establish an effective and flexible network between a large number of IoT devices.

 

  • One of the prominent drivers augmenting the global IoT cloud platform market demand is the rising utilisation of linked devices to strengthen communication within an organisation and between different organisations. Companies are increasingly integrating different systems to streamline workflow, aiding the market.
  • The rapidly advancing wireless network technologies present lucrative development opportunities for the IoT cloud platform market growth during the forecast period. The widespread deployment of 5G network services and increasing focus on the development of 6G technology is a major factor aiding the expansion of the market.
  • The rising implementation of artificial intelligence and machine learning technologies is one of the major IoT cloud platform market trends. With the integrated network of IoT devices and applications, data management becomes significantly straightforward and provides a suitable platform to develop memory-intensive and complex models.

 

Market Analysis

Based on the offering, the market is segmented into platform and services. The global IoT cloud platform market segmentation, on the basis of the deployment mode, includes private, commercial, and hybrid. Based on organisation size, the market is categorised into small and medium-sized organisations, and large size organisations.

 

The market, based on application, is segmented into smart infrastructure, automotive, industrial automation and smart manufacturing, healthcare, retail and e-commerce, and BFSI, among others. The major regional markets for IoT cloud platforms are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global IoT cloud platform market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.

 

  • Microsoft Corporation 
  • Amazon Web Services, Inc. 
  • Alphabet Inc. (Google LLC) 
  • IBM Corporation 
  • Oracle Corporation 
  • Bosch.IO GmbH 
  • Cisco Systems, Inc.  
  • General Electric Company 
  • Siemens AG 
  • PTC Inc. 
  • Particle Industries, Inc. 
  • Telit Corporate Group
  • Others

 

Market Share by Application

The healthcare sector is extensively utilising IoT cloud platforms to seamlessly store and share data through various IoT devices. The IoT cloud platform market share in this sector is expected to rise due to the development of embedded sensors and the increasing adoption of wireless devices to enhance healthcare quality. Growing technological advancements in the healthcare sector amid the rising focus on remote patient monitoring are likely to boost the segment’s growth in the coming years.

 

Market Share by Region

According to the IoT cloud platform market analysis, North America is likely to experience a healthy growth during the forecast period. The companies present in the region are rapidly adopting IoT cloud platforms and the presence of key players allows the regional market to show constant and robust growth.

 

Competitive Landscape

Microsoft Corporation is one of the most prominent players in the technology development sector. It is known for its operating system called Windows. The company was founded in 1975 and since then it has developed its expertise in many sectors, including cloud computing, machine learning, and artificial intelligence, among others.

 

Alphabet Inc. (Google LLC) is a global leader in the software development sector, and it is the parent organisation of Google. It was formed as a holding company after the restructuring of Google in 2015. It was done to separate the internet-based business ventures of Google from the experimental ventures, which are now under Alphabet.

 

Amazon Web Services, Inc. is an IT service management company and has been operating as a subsidiary of Amazon since its foundation in 2006. With the development of AWS, the company’s cloud computing platform, it has established a significant hold in the cloud computing sector.

 

Other IoT cloud platform market players include IBM Corporation, Oracle Corporation, Bosch.IO GmbH, Cisco Systems, Inc., General Electric Company, Siemens AG, PTC Inc., Particle Industries, Inc., and Telit Corporate Group, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Offering
  • Deployment Mode
  • Organisation Size
  • Application
  • Region
Breakup by Offering
  • Platform
  • Services
Breakup by Deployment Mode
  • Private
  • Commercial
  • Hybrid
Breakup by Organisation Size
  • Small and Medium-Sized Organizations
  • Large Size Organizations
Breakup by Application
  • Smart Infrastructure
  • Automotive
  • Industrial Automation and Smart Manufacturing
  • Healthcare
  • Retail and E-commerce
  • BFSI
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Microsoft Corporation 
  • Amazon Web Services, Inc. 
  • Alphabet Inc. (Google LLC) 
  • IBM Corporation 
  • Oracle Corporation 
  • Bosch.IO GmbH 
  • Cisco Systems, Inc.  
  • General Electric Company 
  • Siemens AG 
  • PTC Inc. 
  • Particle Industries, Inc. 
  • Telit Corporate Group
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description   
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global IoT Cloud Platform Market Analysis
    8.1    Key Industry Highlights
    8.2    Global IoT Cloud Platform Historical Market (2018-2023) 
    8.3    Global IoT Cloud Platform Market Forecast (2024-2032)
    8.4    Global IoT Cloud Platform Market by Offering
        8.4.1    Platform
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032) 
            8.4.1.3    Breakup by Type 
                8.4.1.3.1    Device Management
                8.4.1.3.2    Analytics
                8.4.1.3.3    Connectivity & Communication
        8.4.2    Services
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032) 
            8.4.2.3    Breakup by Type 
                8.4.2.3.1    Professional Services
                8.4.2.3.2    Managed Services
    8.5    Global IoT Cloud Platform Market by Deployment Mode
        8.5.1    Private
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Commercial
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Hybrid
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Global IoT Cloud Platform Market by Organisation Size
        8.6.1    Small and Medium-Sized Organizations
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Large Size Organizations
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global IoT Cloud Platform Market by Application
        8.7.1    Smart Infrastructure
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Automotive
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Industrial Automation and Smart Manufacturing 
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Healthcare
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Retail and E-commerce
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
        8.7.6    BFSI
            8.7.6.1    Historical Trend (2018-2023)
            8.7.6.2    Forecast Trend (2024-2032)
        8.7.7    Others
    8.8    Global IoT Cloud Platform Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023)
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023)
            8.8.5.2    Forecast Trend (2024-2032)
9    North America IoT Cloud Platform Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe IoT Cloud Platform Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific IoT Cloud Platform Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America IoT Cloud Platform Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa IoT Cloud Platform Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Microsoft Corporation 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Amazon Web Services, Inc. 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Alphabet Inc. (Google LLC) 
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    IBM Corporation 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Oracle Corporation 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Bosch.IO GmbH 
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Cisco Systems, Inc.  
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    General Electric Company 
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Siemens AG 
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    PTC Inc. 
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Particle Industries, Inc. 
            15.2.11.1    Company Overview
            15.2.11.2    Product Portfolio
            15.2.11.3    Demographic Reach and Achievements
            15.2.11.4    Certifications
        15.2.12    Telit Corporate Group 
            15.2.12.1    Company Overview
            15.2.12.2    Product Portfolio
            15.2.12.3    Demographic Reach and Achievements
            15.2.12.4    Certifications
        15.2.13    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global IoT Cloud Platform Market: Key Industry Highlights, 2018 and 2032
2.    Global IoT Cloud Platform Historical Market: Breakup by Offering (USD Billion), 2018-2023
3.    Global IoT Cloud Platform Market Forecast: Breakup by Offering (USD Billion), 2024-2032
4.    Global IoT Cloud Platform Historical Market: Breakup by Deployment Type (USD Billion), 2018-2023
5.    Global IoT Cloud Platform Market Forecast: Breakup by Deployment Type (USD Billion), 2024-2032
6.    Global IoT Cloud Platform Historical Market: Breakup by Organization Size (USD Billion), 2018-2023
7.    Global IoT Cloud Platform Market Forecast: Breakup by Organization Size (USD Billion), 2024-2032
8.    Global IoT Cloud Platform Historical Market: Breakup by Application (USD Billion), 2018-2023
9.    Global IoT Cloud Platform Market Forecast: Breakup by Application (USD Billion), 2024-2032
10.    Global IoT Cloud Platform Historical Market: Breakup by Region (USD Billion), 2018-2023
11.    Global IoT Cloud Platform Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.    North America IoT Cloud Platform Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    North America IoT Cloud Platform Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Europe IoT Cloud Platform Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Europe IoT Cloud Platform Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Asia Pacific IoT Cloud Platform Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Asia Pacific IoT Cloud Platform Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Latin America IoT Cloud Platform Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Latin America IoT Cloud Platform Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Middle East and Africa IoT Cloud Platform Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Middle East and Africa IoT Cloud Platform Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Global IoT Cloud Platform Market Structure

Key Questions Answered in the Report

What was the IoT cloud platform market size in 2023?

In 2023, the market reached an approximate value of USD 13.20 billion.

What is the growth rate of the IoT cloud platform market?

The market is projected to grow at a CAGR of 13.8% between 2024 and 2032.

What is the forecast outlook of the IoT cloud platform market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 42.26 billion by 2032.

What are the major market drivers?

The market is being driven by the rising adoption of IoT devices in organisations of different sectors and advancements in wireless network technologies.

What are the major trends in the market?

The market is guided by the increasing adoption of artificial intelligence and machine learning as cloud platforms and the rising demand for IoT cloud platforms in the healthcare sector.

What are the major regional markets for IoT cloud platforms, according to the EMR report?

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the major applications of IoT cloud platform?

The different applications of the product include smart infrastructure, automotive, industrial automation and smart manufacturing, healthcare, retail and e-commerce, and BFSI, among others.

Who are the key market players, according to the IoT cloud platform market report?

The key players in the market include Microsoft Corporation, Amazon Web Services, Inc., Alphabet Inc. (Google LLC), IBM Corporation, Oracle Corporation, Bosch.IO GmbH, Cisco Systems, Inc., General Electric Company, Siemens AG, PTC Inc., Particle Industries, Inc., and Telit Corporate Group, among others.

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