IoT Platform Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44432
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The IoT platform market has the potential to grow by USD 12.51 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 26.67%.

This IoT platform market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (manufacturing, retail, healthcare, ICT, and others) and geography (North America, Europe, APAC, MEA, and South America). The IoT platform market report also offers information on several market vendors, including Alphabet Inc., Amazon.com Inc., AT and T Inc., Cisco Systems Inc., Huawei Investment and Holding Co. Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Nokia Corp., and Siemens AG among others.

What will the IoT Platform Market Size be in 2021?

Browse TOC and LoE with selected illustrations and example pages of IoT Platform Market

 Get Your FREE Sample Now!

IoT Platform Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The large-scale benefits of using IoT devices are notably driving the IoT platform market growth, although factors such as the rise in privacy and security issues may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the IoT platform industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The large-scale benefits of using IoT devices will fuel the growth of the IoT platform market size.
  • The adoption of IoT devices is rising across market segments such as consumer electronics, automotive, and medical.
  • IoT integrates technologies such as data communication, data storage, hardware design, and mining and is the latest trend in the global technology arena.
  • IoT is connecting essential electronic objects like cars, TVs, laptops, coffee makers, automated door locks, mobile phones, and even entire industrial process control to the Internet.
  • The advantages of using IoT devices are encouraging consumers to purchase more devices that can be connected to each other over the IoT network and share information.
  • This IoT network and the devices are connected to each other using the IoT platform as a medium. This, in turn, will create scalable market opportunities for the IoT platform market on a global scale
  • The growing demand for smart homes will drive the IoT platform market growth during the forecast period.
  • The smart home concept is gaining ground rapidly as consumers look to improve domestic convenience through electronic devices.
  • Smart home technologies using advanced sensors are affordable and can be used by an average household to connect appliances such as heating modules, lighting systems, air conditioning units, computers, television sets, entertainment systems, security devices, and camera systems.
  • The homeowner can control these devices using his/her smartphone or tablet. In addition, home appliances are using artificial intelligence to predict consumer preferences based on purchase history accurately.
  • Integrating and monitoring using IoT networks and electronic devices will create a considerable demand for IoT devices in the market. 

This IoT platform market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major IoT Platform Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alphabet Inc.
  • Amazon.com Inc.
  • AT and T Inc.
  • Cisco Systems Inc.
  • Huawei Investment and Holding Co. Ltd.
  • Intel Corp.
  • International Business Machines Corp.
  • Microsoft Corp.
  • Nokia Corp.
  • Siemens AG

 

This statistical study of the IoT platform market encompasses successful business strategies deployed by the key vendors. The IoT platform market is fragmented and the vendors are deploying growth strategies such as promoting their product offerings through a clear and unique value proposition to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The IoT platform market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for IoT Platform Market?

For more insights on the market share of various regions Request for a FREE sample now!

34% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for IoT platforms in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

Increased investments in infrastructure development by governments in India, China, and the Philippines and the local business modernization by small and medium-sized enterprises (SMEs) in these countries will facilitate the IoT platform market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the IoT Platform Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The IoT platform market share growth by the manufacturing segment will be significant during the forecast period. The segment is seeing increased use of location-based sensors to track and manage inventories. Manufacturers worldwide are reaping the benefits of IoT technology to enhance their business productivity and gain a competitive advantage. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the IoT platform market size and actionable market insights on post COVID-19 impact on each segment.

 

Features

Included Data

Base year for market size assessment

2021

Forecast period

2021-2025

Growth momentum and forecast

Accelerate at a CAGR of 26.67%

Regional analysis

North America, Europe, APAC, MEA, and South America

Key consumer countries

US, China, Germany, Japan, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alphabet Inc., Amazon.com Inc., AT and T Inc., Cisco Systems Inc., Huawei Investment and Holding Co. Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Nokia Corp., and Siemens AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Factors Covered in this IoT Platform Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive IoT platform market growth during the next five years
  • Precise estimation of the IoT platform market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the IoT platform industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of IoT platform market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

IoT Platform Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 26.67%

Market growth 2021-2025

$ 12.51 billion

Market structure

Fragmented

YoY growth (%)

24.23

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

APAC at 34%

Key consumer countries

US, China, Germany, Japan, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alphabet Inc., Amazon.com Inc., AT and T Inc., Cisco Systems Inc., Huawei Investment and Holding Co. Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Nokia Corp., and Siemens AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Read More Read Less

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
The iot platform market growth will increase by $1700.23 million during 2019-2024.
The iot platform market is expected to grow at a CAGR of 23.21% during 2019-2024.
Technavio has segmented the iot platform market by end user (Manufacturing, Retail, Healthcare, ICT, and Others) and geographic (North America, Europe, APAC, MEA, and South America).
Alphabet Inc., Amazon.com Inc., AT&T Inc., Cisco Systems Inc., Huawei Investment & Holding Co. Ltd., International Business Machines Corp., Intel Corp., Microsoft Corp., Nokia Corp., Samsung Electronics Co. Ltd., Siemens AG are a few of the key vendors in the iot platform market.
APAC will register the highest growth rate of 33.42% among the other regions. Therefore, the iot platform market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the iot platform market growth are:
  • Large-scale benefits of using IoT devices
  • Investments in IoT startups
The iot platform market vendors should focus on grabbing business opportunities from the manufacturing segment as it accounted for the largest market share in the base year.
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase
Technavio
Enquire Before Buying
  1. Home
  2. Information Technology
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>