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IoT Platform Market by End-user, Deployment, and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 183
  • SKU: IRTNTR44432
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The IoT platform market is estimated to grow/decline at a CAGR of 24.77% between 2022 and 2027. The size of the market is forecast to increase by USD 16,010.78 million. The growth of the market depends on serval factors, including the large-scale benefits of using IoT devices, the growing demand for smart homes, and the growth in industrial automation.

This report extensively covers market segmentation by end-user (manufacturing, retail, healthcare, ICT, and others), deployment (public cloud, private cloud, and hybrid), and geography (North America, Europe, APAC, Middle East and Africa, and South America) and geography North America, Europe, APAC, Middle East and Africa, and South America. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the IoT Platform Market During the Forecast Period?

IoT Platform Market Size

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Parent Market Analysis

Technavio categorizes the global IoT platform market as a part of the  Application Software & within the global Information Technology industry. The parent global application software market covers companies that are engaged in developing and producing application and system software. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

IoT Platform Market: Key Drivers, Trends, Challenges, and Customer Landscape

The large-scale benefits of using IoT devices are notably driving the Internet of things (IoT) platform market growth, although factors such as growing demand for the rise in privacy and security issues may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key IoT Platform Market Driver

The large-scale facilities of using IoT devices are a key factor driving the global internet of things platform market growth. With the emphasis given on the connected environment has resulted in IoT becoming one of the most rapidly growing markets. By 2021, it was seen that 35 billion devices were part of this connected environment. IoT devises stores data using sensors and actuators and transmits it to a centralized location on a real-time basis. IoT with its connecting environment helps end-users make informed decisions.

The adoption of IoT devices is rising across domains such as consumer electronics, automotive, and medical. An increasing number of organizations, industries, and technologists are adopting IoT because of its potential applications and numerous advantages. IoT integrates technologies such as data communication, data storage, hardware design, and mining and is the latest trend in the global technology arena. IoT connects essential electronic products and devices like cars, TVs, laptops, coffee makers, automated door locks, mobile phones, and even entire industrial process control to the Internet. Such factors will drive market growth during the forecast period.

Significant IoT Platform Market Trend

The development of open Wi-Fi networks will fuel the global Internet of Things (IoT) Platform market growth. The untapped bandwidth can be used by sharing software developed by OpenWireless.org. The group is expected to route the guest traffic over the anonymity software Tor or a virtual private network (VPN) for enhanced privacy. It will use a protocol called extensible authentication protocol - transport layer security (EAP-TLS), which is the equivalent of the hypertext transfer protocol (HTTPS), to encrypt each user link. However, the group promises that priority will be given to router owners based on their requirements and needs.

This network will help to resolve privacy issues to some extent and restore their faith in connecting to the Internet. Startups can utilize open-source project-manufactured devices that access open networks without reporting the location and communications to phone companies. These devices would be able to skip smoothly from one open wireless network to another without providing any kind of granular information about the user’s activities, as is done by the current single-carrier systems. We believe that if this initiative becomes a success, the digital divide and connectivity-related issues will decline to a large extent across the world. This would also increase the adoption of IoT devices.

Major IoT Platform Challenge

The rise in privacy and security issues is a primary challenge to the global Internet of Things (IoT) platform market growth. Security is the foremost concern for individual consumers and enterprises that invests IoT devices. Connecting the physical world to the digital world requires the highest standards of security to minimize the impact of cybersecurity attacks or hackers. This is a major factor slowing the market growth as most people are not totally confident about integrating such technologies into the different devices they own.

For instance, hacking smart meters within an energy grid can lead to consequential blackouts. A case of hacking into a refrigerator was registered in the US. This hacking event exposed the e-mail accounts and credentials of the owners and affected more than 1,000 other devices. Malware like Stuxnet, which infected Iranian nuclear facilities, can leak vital information into the wrong hands and endanger the entire global population. Thus, the vulnerability of devices connected to the Internet, in terms of privacy and security concerns, must be dealt with before the large-scale commercialization of IoT devices.

Key IoT Platform Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

IoT Platform Market Share by Geography

Global IoT Platform Market Customer Landscape

Who are the Major IoT Platform Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

salesforce.com - The company offers IoT platforms such as Connected field service management technology. Also, under this segment, the company focuses on delivering customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce from anywhere.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

 

  • Accenture Plc
  • Alphabet Inc.
  • Amazon.com Inc.
  • AT and T Inc.
  • Axiros GmbH
  • Cisco Systems Inc.
  • Davra
  • Echelon Solutions Group
  • General Electric Co.
  • Huawei Technologies Co. Ltd.
  • Intel Corp.
  • International Business Machines Corp.
  • Microsoft Corp.
  • Nokia Corp.
  • PTC Inc.
  • Salesforce.com Inc.
  • Samsung Electronics Co. Ltd.
  • SAP SE
  • Siemens AG
  • Wipro Ltd.

 

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segments in the IoT Platform Market?

The market share growth by the manufacturing segment will be significant during the forecast period. The manufacturing segment is experiencing 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. Machines and devices are connected to the Internet through software. Data are generated, and insights about the production process are used for predictive maintenance and optimization of factory floor performance.

IoT Platform Market Size

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The manufacturing segment showed a gradual increase in market share from USD 276.09 million in 2017 and continued to grow by 2021. The manufacturing segment faces certain challenges, such as the need for heavy investments, redesigning business models, security concerns, the lack of standardization, and interoperability issues. Favourable government policies and partnerships among different organizations operating in the IoT space should help improve expertise levels and thereby overcome these challenges. The COVID-19-triggered lockdowns put a lot of strain on the industrial sector in 2020 and 2021. For example, manufacturing industries were affected in many ways, such as various manufacturers having to shut down their plants in response to lockdown orders issued by different governments. During the crisis, IoT technology helped several organizations continue their operations. IoT also facilitated the smooth transition of manufacturing floor operations in several ways in organizations. Hence, such factors are expected to drive the growth of the manufacturing segment in the global IoT platform market during the forecast period.

Which are the Key Regions for the IoT Platform Market?

IoT Platform Market Share by Geography

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North America is projected to contribute 34% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. 

The IoT platform market in North America is driven by the rapid growth of the industrial, automotive, and healthcare sectors, coupled with the adoption of IoT in these sectors to achieve operational efficiency and competitive advantages. The US federal government has enacted legislation such as the Affordable Care Act and the Health Information Technology for Economic and Clinical Health (HITECH) Act to speed up the adoption of the latest technologies, such as telehealth, mHealth, and nanomedicine, to improve patient care. 

This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. The outbreak of COVID-19 led to a surge in demand for IoT platforms in North America. The COVID-19 pandemic in 2020 propelled market growth in North America. With work from home becoming the new normal, the adoption of cloud services and digitization increased, leading to the emergence of a new business environment. The restrictions put in place on various industries during the lockdowns implemented in North America to contain the spread of the disease led to an exponential rise in digital and online transactions. This propelled the demand for automation services and solutions in the region. Moreover, the key vendors in the regional IoT platform market are expanding their businesses in the region. Such initiatives by key market players will substantially drive the growth of the regional IoT platform market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by End-user (Manufacturing, Retail, Healthcare, ICT, and Others), Deployment (Public cloud, Private cloud, and Hybrid), and Geography (North America, Europe, APAC, Middle East and Africa, and South America).

  • End-User Outlook ( USD Million, 2017 - 2027)
    • Manufacturing
    • Retail
    • Healthcare
    • ICT
    • Others 
  • Deployment Outlook ( USD Million, 2017 - 2027)
    • Public Cloud
    • Private Cloud
    • Hybrid
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

IoT Platform Market Scope

Report Coverage

Details

Page number

183

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 24.77%

Market growth 2023-2027

$ 16010.78 million

Market structure

Fragmented

YoY growth 2022-2023(%)

19.94

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 34%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Accenture Plc, Alphabet Inc., Amazon.com Inc., AT and T Inc., Axiros GmbH, Cisco Systems Inc., Davra, Echelon Solutions Group, General Electric Co., Huawei Technologies Co. Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Nokia Corp., PTC Inc., Salesforce.com Inc., Samsung Electronics Co. Ltd., SAP SE, Siemens AG, and Wipro Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis 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.

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

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the IoT platform market between 2023 and 2027
  • Precise estimation of the size of the IoT platform market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of carbon dioxide market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Deployment
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global IoT platform market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global IoT platform market 2017 - 2021 ($ million)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.3 Deployment Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Deployment Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Manufacturing - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Manufacturing - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Manufacturing - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Manufacturing - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Manufacturing - Year-over-year growth 2022-2027 (%)
    • 6.4 Retail - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Retail - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Retail - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Retail - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Retail - Year-over-year growth 2022-2027 (%)
    • 6.5 Healthcare - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Healthcare - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Healthcare - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)
    • 6.6 ICT - Market size and forecast 2022-2027
      • Exhibit 46: Chart on ICT - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on ICT - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on ICT - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on ICT - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by End-user
      • Exhibit 54: Market opportunity by End-user ($ million)

    7 Market Segmentation by Deployment

    • 7.1 Market segments
      • Exhibit 55: Chart on Deployment - Market share 2022-2027 (%)
      • Exhibit 56: Data Table on Deployment - Market share 2022-2027 (%)
    • 7.2 Comparison by Deployment
      • Exhibit 57: Chart on Comparison by Deployment
      • Exhibit 58: Data Table on Comparison by Deployment
    • 7.3 Public cloud - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Public cloud - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Public cloud - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Public cloud - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Public cloud - Year-over-year growth 2022-2027 (%)
    • 7.4 Private cloud - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Private cloud - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on Private cloud - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on Private cloud - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Private cloud - Year-over-year growth 2022-2027 (%)
    • 7.5 Hybrid - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Hybrid - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on Hybrid - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on Hybrid - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Hybrid - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Deployment
      • Exhibit 71: Market opportunity by Deployment ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 73: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 74: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 75: Chart on Geographic comparison
      • Exhibit 76: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 85: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 93: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 109: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 110: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 111: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 113: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 114: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 115: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 116: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 117: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 118: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 119: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 120: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 121: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 122: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 123: Matrix on vendor position and classification
            • 12.3 Accenture Plc
              • Exhibit 124: Accenture Plc - Overview
              • Exhibit 125: Accenture Plc - Business segments
              • Exhibit 126: Accenture Plc - Key news
              • Exhibit 127: Accenture Plc - Key offerings
              • Exhibit 128: Accenture Plc - Segment focus
            • 12.4 Alphabet Inc.
              • Exhibit 129: Alphabet Inc. - Overview
              • Exhibit 130: Alphabet Inc. - Business segments
              • Exhibit 131: Alphabet Inc. - Key news
              • Exhibit 132: Alphabet Inc. - Key offerings
              • Exhibit 133: Alphabet Inc. - Segment focus
            • 12.5 Amazon.com Inc.
              • Exhibit 134: Amazon.com Inc. - Overview
              • Exhibit 135: Amazon.com Inc. - Business segments
              • Exhibit 136: Amazon.com Inc. - Key news
              • Exhibit 137: Amazon.com Inc. - Key offerings
              • Exhibit 138: Amazon.com Inc. - Segment focus
            • 12.6 AT and T Inc.
              • Exhibit 139: AT and T Inc. - Overview
              • Exhibit 140: AT and T Inc. - Business segments
              • Exhibit 141: AT and T Inc. - Key offerings
              • Exhibit 142: AT and T Inc. - Segment focus
            • 12.7 Cisco Systems Inc.
              • Exhibit 143: Cisco Systems Inc. - Overview
              • Exhibit 144: Cisco Systems Inc. - Business segments
              • Exhibit 145: Cisco Systems Inc. - Key news
              • Exhibit 146: Cisco Systems Inc. - Key offerings
              • Exhibit 147: Cisco Systems Inc. - Segment focus
            • 12.8 General Electric Co.
              • Exhibit 148: General Electric Co. - Overview
              • Exhibit 149: General Electric Co. - Business segments
              • Exhibit 150: General Electric Co. - Key news
              • Exhibit 151: General Electric Co. - Key offerings
              • Exhibit 152: General Electric Co. - Segment focus
            • 12.9 Huawei Technologies Co. Ltd.
              • Exhibit 153: Huawei Technologies Co. Ltd. - Overview
              • Exhibit 154: Huawei Technologies Co. Ltd. - Business segments
              • Exhibit 155: Huawei Technologies Co. Ltd. - Key offerings
              • Exhibit 156: Huawei Technologies Co. Ltd. - Segment focus
            • 12.10 Intel Corp.
              • Exhibit 157: Intel Corp. - Overview
              • Exhibit 158: Intel Corp. - Business segments
              • Exhibit 159: Intel Corp. - Key news
              • Exhibit 160: Intel Corp. - Key offerings
              • Exhibit 161: Intel Corp. - Segment focus
            • 12.11 International Business Machines Corp.
              • Exhibit 162: International Business Machines Corp. - Overview
              • Exhibit 163: International Business Machines Corp. - Business segments
              • Exhibit 164: International Business Machines Corp. - Key offerings
              • Exhibit 165: International Business Machines Corp. - Segment focus
            • 12.12 Microsoft Corp.
              • Exhibit 166: Microsoft Corp. - Overview
              • Exhibit 167: Microsoft Corp. - Business segments
              • Exhibit 168: Microsoft Corp. - Key news
              • Exhibit 169: Microsoft Corp. - Key offerings
              • Exhibit 170: Microsoft Corp. - Segment focus
            • 12.13 Nokia Corp.
              • Exhibit 171: Nokia Corp. - Overview
              • Exhibit 172: Nokia Corp. - Business segments
              • Exhibit 173: Nokia Corp. - Key offerings
              • Exhibit 174: Nokia Corp. - Segment focus
            • 12.14 Salesforce.com Inc.
              • Exhibit 175: Salesforce.com Inc. - Overview
              • Exhibit 176: Salesforce.com Inc. - Product / Service
              • Exhibit 177: Salesforce.com Inc. - Key news
              • Exhibit 178: Salesforce.com Inc. - Key offerings
            • 12.15 Samsung Electronics Co. Ltd.
              • Exhibit 179: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 180: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 181: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 182: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 183: Samsung Electronics Co. Ltd. - Segment focus
            • 12.16 SAP SE
              • Exhibit 184: SAP SE - Overview
              • Exhibit 185: SAP SE - Business segments
              • Exhibit 186: SAP SE - Key news
              • Exhibit 187: SAP SE - Key offerings
              • Exhibit 188: SAP SE - Segment focus
            • 12.17 Siemens AG
              • Exhibit 189: Siemens AG - Overview
              • Exhibit 190: Siemens AG - Business segments
              • Exhibit 191: Siemens AG - Key news
              • Exhibit 192: Siemens AG - Key offerings
              • Exhibit 193: Siemens AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 194: Inclusions checklist
                • Exhibit 195: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 196: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 197: Research methodology
                • Exhibit 198: Validation techniques employed for market sizing
                • Exhibit 199: Information sources
              • 13.5 List of abbreviations
                • Exhibit 200: List of abbreviations

              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
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              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
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              TechnavioREPORT WRITING

              Qualitative

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

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              IoT Platform market growth will increase by $16010.78 million during 2023-2027.
              The iot platform market is expected to grow at a CAGR of 24.77% during 2023-2027.
              Technavio has segmented the iot platform market by end-user (Manufacturing, Retail, Healthcare, ICT, and Others) ,deployment (Public cloud, Private cloud, Hybrid, MEA, and South America) , and geography (North America, Europe, APAC, Middle East and Africa, and South America).
              Accenture Plc, Alphabet Inc., Amazon.com Inc., AT and T Inc., Axiros GmbH, Cisco Systems Inc., Davra, Echelon Solutions Group, General Electric Co., Huawei Technologies Co. Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Nokia Corp., PTC Inc., Salesforce.com Inc., Samsung Electronics Co. Ltd., SAP SE, Siemens AG, Wipro Ltd. are a few of the key vendors in the iot platform market.
              APAC will register the highest growth rate of 34.43% 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
              • Development of open Wi-Fi networks
              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.
              • What are the key global market and the regional market share?
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              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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