0

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

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

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

The iot platform market share is expected to increase by USD 1.25 billion from 2020 to 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 iot platform market segmentations 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 During the Forecast Period?

IoT Platform Market Size

Download the Free Report Sample to Unlock the IoT Platform Market Size for the Forecast Period and Other Important Statistics

 

IoT Platform Market: Key Drivers, Trends, and Challenges

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 is notably driving the IoT platform market growth, although factors such as a 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.

Key IoT Platform Market Driver

The large-scale benefits of using IoT devices is notably driving the IoT platform market growth. The adoption of IoT devices is rising across market segments such as consumer electronics, automotive, and medical. An increasing number of organizations, industries, and technologists are adopting the Internet of Things (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 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. High convenience: Being integrated as a part of a connected environment enables a person to transfer personal preferences to electronic devices. Improves quality of life: The IoT network helps to enhance the quality of life at home or at the workplace. Remote access: The advent of IoT technology has led to concepts such as connected homes, smart kitchens, and connected offices becoming a reality. The above-mentioned 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 will create scalable market opportunities for the IoT platform market on a global scale

Key IoT Platform Market Trend

Growing demand for smart homes is the key market trend driving the IoT platform market growth. The smart home concept is gaining ground rapidly as consumers look to improve domestic convenience through electronic devices. This is an evolutionary development in the residential real-estate sector with the primary aim to make a living more comfortable, secure, convenient, entertaining, and sustainable. 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. The increase in the demand for smart homes can be attributed to the increase in the number of working couples with dual incomes in cities globally. With both spouses working, the financial ability to own smart homes increases. The smart home market is most prevalent in the Americas and Europe, with developing economies in APAC (India, China, and Singapore) also adopting the concept. Furthermore, governments across regions are developing their urban infrastructure with the integration of multiple information and technology solutions. The outlook is to achieve smart cities with improved life quality and improve the efficiency of services to make the life of its residents simpler and easier.

Key IoT Platform Market Challenge

The major challenge impeding the IoT platform market growth is the rise in privacy and security issues. Security is the foremost concern for individual consumers and enterprises purchasing IoT devices. Connecting the physical world to the digital world requires the highest security standards to minimize the impact of cyber security hacks. This is a major deterrent for the market as most people are not totally confident about integrating such technologies into the different devices they own. The most significant role of IoT in the COVID-19 crisis is its prevention and assistance in detecting outbreaks before they reach mass scale. The installation of connected thermometers at airports with IoT technology is becoming common. In addition, a network of sensors is also being installed, which detect traces of COVID-19. Upon detection, the location could be locked down to limit the spread of the virus and ensure the quick treatment to infected individuals. Therefore, such advantages of IoT are increasing its adoption globally. However, at the same time, it is also increasing privacy and security concerns, as IoT devices can be hacked to steal sensitive information. As more and more devices are getting connected to the Internet, the scope of cyber criminals to steal data and use it to commit fraud or blackmail is widening. Valuable data needs to be protected right from the data center to the network's edge. 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.

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.

Parent Market Analysis

Technavio categorizes the global IoT platform market is a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the iot platform market during the forecast period.

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 organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Alphabet Inc. - The company offers Google cloud IoT solutions that unlock insights into customers' global device network with an intelligent IoT platform whose scalable, fully managed integration lets you connect, store, and analyze data at the edge and in the cloud.

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.

IoT Platform Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the iot platform market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for IoT Platform Market?

IoT Platform Market Market segmentation by region

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 platform market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The IoT market in North America is driven by the rapid growth of industrial, automotive, and healthcare sectors, coupled with the adoption of IoT in these industries 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.

COVID Impact and Recovery Analysis

The COVID-19 pandemic severely affected North America. As of September 6, 2021, approximately 39 million COVID-19 cases were recorded in the US, with more than 0.6 million associated deaths. IoT technology is playing a vital role in helping authorities prevent the further spread of COVID-19 and treating those that are infected. 

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

IoT Platform Market Segmentation

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. 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. 

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.

 

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

$ 1.25 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

Key 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 recovery analysis 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.

Request for a FREE sample

What are the Key Data 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

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Application software market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 15: End-user - Market share 2020-2025 (%)
    • 5.2 Comparison by End-user
      • Exhibit 16: Comparison by End-user
    • 5.3 Manufacturing - Market size and forecast 2020-2025
      • Exhibit 17: Manufacturing - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Manufacturing - Year-over-year growth 2020-2025 (%)
    • 5.4 Retail - Market size and forecast 2020-2025
      • Exhibit 19: Retail - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Retail - Year-over-year growth 2020-2025 (%)
    • 5.5 Healthcare - Market size and forecast 2020-2025
      • Exhibit 21: Healthcare - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Healthcare - Year-over-year growth 2020-2025 (%)
    • 5.6 ICT - Market size and forecast 2020-2025
      • Exhibit 23: ICT - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: ICT - Year-over-year growth 2020-2025 (%)
    • 5.7 Others - Market size and forecast 2020-2025
      • Exhibit 25: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: Others - Year-over-year growth 2020-2025 (%)
    • 5.8 Market opportunity by End-user
      • Exhibit 27: Market opportunity by End-user

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 29: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 30: Geographic comparison
    • 7.3 North America - Market size and forecast 2020-2025
      • Exhibit 31: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 33: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 APAC - Market size and forecast 2020-2025
      • Exhibit 35: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 36: APAC - Year-over-year growth 2020-2025 (%)
    • 7.6 MEA - Market size and forecast 2020-2025
      • Exhibit 37: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
    • 7.7 South America - Market size and forecast 2020-2025
      • Exhibit 39: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 40: South America - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 41: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 42: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • Exhibit 44: Vendor landscape
          • 9.2 Landscape disruption
            • Exhibit 45: Landscape disruption
            • Exhibit 46: Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 47: Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 48: Market positioning of vendors
          • 10.3 Alphabet Inc.
            • Exhibit 49: Alphabet Inc. - Overview
            • Exhibit 50: Alphabet Inc. - Business segments
            • Exhibit 51: Alphabet Inc. - Key offerings
            • Exhibit 52: Alphabet Inc. - Segment focus
          • 10.4 Amazon.com Inc.
            • Exhibit 53: Amazon.com Inc. - Overview
            • Exhibit 54: Amazon.com Inc. - Business segments
            • Exhibit 55: Amazon.com Inc. - Key offerings
            • Exhibit 56: Amazon.com Inc. - Segment focus
          • 10.5 AT and T Inc.
            • Exhibit 57: AT and T Inc. - Overview
            • Exhibit 58: AT and T Inc. - Business segments
            • Exhibit 59: AT and T Inc. - Key news
            • Exhibit 60: AT and T Inc. - Key offerings
            • Exhibit 61: AT and T Inc. - Segment focus
          • 10.6 Cisco Systems Inc.
            • Exhibit 62: Cisco Systems Inc. - Overview
            • Exhibit 63: Cisco Systems Inc. - Business segments
            • Exhibit 64: Cisco Systems Inc. - Key offerings
            • Exhibit 65: Cisco Systems Inc. - Segment focus
          • 10.7 Huawei Investment and Holding Co. Ltd.
            • Exhibit 66: Huawei Investment and Holding Co. Ltd. - Overview
            • Exhibit 67: Huawei Investment and Holding Co. Ltd. - Business segments
            • Exhibit 68: Huawei Investment and Holding Co. Ltd. - Key news
            • Exhibit 69: Huawei Investment and Holding Co. Ltd. - Key offerings
            • Exhibit 70: Huawei Investment and Holding Co. Ltd. - Segment focus
          • 10.8 Intel Corp.
            • Exhibit 71: Intel Corp. - Overview
            • Exhibit 72: Intel Corp. - Business segments
            • Exhibit 73: Intel Corp. - Key offerings
            • Exhibit 74: Intel Corp. - Segment focus
          • 10.9 International Business Machines Corp.
            • Exhibit 75: International Business Machines Corp. - Overview
            • Exhibit 76: International Business Machines Corp. - Business segments
            • Exhibit 77: International Business Machines Corp. - Key offerings
            • Exhibit 78: International Business Machines Corp. - Segment focus
          • 10.10 Microsoft Corp.
            • Exhibit 79: Microsoft Corp. - Overview
            • Exhibit 80: Microsoft Corp. - Business segments
            • Exhibit 81: Microsoft Corp. - Key offerings
            • Exhibit 82: Microsoft Corp. - Segment focus
          • 10.11 Nokia Corp.
            • Exhibit 83: Nokia Corp. - Overview
            • Exhibit 84: Nokia Corp. - Business segments
            • Exhibit 85: Nokia Corp. - Key news
            • Exhibit 86: Nokia Corp. - Key offerings
            • Exhibit 87: Nokia Corp. - Segment focus
          • 10.12 Siemens AG
            • Exhibit 88: Siemens AG - Overview
            • Exhibit 89: Siemens AG - Business segments
            • Exhibit 90: Siemens AG - Key news
            • Exhibit 91: Siemens AG - Key offerings
            • Exhibit 92: Siemens AG - Segment focus

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 93: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 94: Research Methodology
              • Exhibit 95: Validation techniques employed for market sizing
              • Exhibit 96: Information sources
            • 11.4 List of abbreviations
              • Exhibit 97: 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
            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 sample now!
            IoT Platform Market market growth will increase by $1.25 bn during 2021-2025.
            The iot platform market market is expected to grow at a CAGR of 26.67% during 2021-2025.
            Technavio has segmented the iot platform market market by end-user (manufacturing, retail, healthcare, ICT, and others) ,geography (North America, Europe, APAC, MEA, and South America) , and geographic (North America, Europe, APAC, MEA, and South America).
            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 are a few of the key vendors in the iot platform market market.
            APAC will register the highest growth rate of 34% among the other regions. Therefore, the iot platform market 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 market growth are:
            • large-scale benefits of using IoT devices
            • Growing diversity in IoT standards
            The iot platform market 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?
            • What are the revenue-generating key market segments?
            • 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?
            • Off-the-shelf research reports
            • Reports can be tailored to meet the customer's needs
            • Trusted by more than 100 fortune 500 organizations
            • Information about the market's key drivers, trends, and challenges
            • Parent market analysis
            • Every week, 50,000 people visit our subscription platform
            • Detailed vendors report with competitive landscape
            • Covid-19 impact and recovery analysis
            • Data on revenue-generating market segments
            • Details on the market shares of various regions
            • Five-force market analysis

            Certified ISO 9001 : 2015

            We are ISO recognized

            We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

            We are GDPR and CCPA compliant

            We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

            Safe and Secure SSL Encrypted
            Technavio

            info
            close
            • Single:

              One user only.
              Quick & easy download option

            • Enterprise:

              Unlimited user access (Within your organization)
              Complimentary Customization Included

            2500 USD

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

            Subscribe & Save

            Get lifetime access to our
            Technavio Insights

            Customized Report as per your Business Needs

            • Our analysts will work directly with you and understand your needs
            • Get data on specified regions or segments, competitor and Vendors
            • Data will be formatted and presented as per your requirements
            • We offer $1000 worth of FREE customization at the time of purchase

            Let us help you make report more suited to your requirements.

            • Get a competitive breakdown as per your niche industry
            • Customize the data with various metrics that meet your business prerequisite
            • Understand Revenue Sources, Customers and many more
            • Details on Market Share
            • These customizations are done in a short amount of time by our analysts and industry experts
            Technavio
            Enquire Before Buying
            17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>