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.

Market Analysis and Insights: Global IoT Platforms Market

Due to the COVID-19 pandemic, the global IoT Platforms market size is estimated to be worth US$ 4574.3 million in 2022 and is forecast to a readjusted size of US$ 20720 million by 2029 with a CAGR of 23.8% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Consumer IoT accounting for % of the IoT Platforms global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Smart Home & Wearables segment is altered to an % CAGR throughout this forecast period.

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.

Global IoT Platforms Scope and Market Size

The global IoT Platforms market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global IoT Platforms market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2029.


Segment by Type


Consumer IoT

Business IoT


Segment by Application


Smart Home & Wearables

Smart Energy

Smart Security

Manufacturing

Transportation & Logistics

Healthcare

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


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)