Evolve Business Intelligence Study Reveals Global IoT Platforms Market to Reach USD 8.1 Billion in 2022, Growing at a CAGR of 16.1% from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Internet of Things platforms Market size accounted for USD 8.1 Billion in 2022, growing at a CAGR of 16.1% from 2023 to 2033. The Internet of Things (IoT) platforms market refers to the global market for software platforms that enable the development, deployment, and management of IoT solutions. These platforms provide a range of capabilities, including device connectivity, data management and analytics, security, and application development tools. The IoT platforms market is driven by factors such as the increasing adoption of IoT solutions across various industries, the growing need for real-time data analytics and insights, and the rising demand for cloud-based solutions. The market is also influenced by the emergence of new technologies such as artificial intelligence, machine learning, and blockchain, which are enhancing the capabilities of IoT platforms and enabling new use cases and applications.
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Key Highlights:
• The global Internet of Things platforms Market size was valued at USD 8.1billion in 2022 growing at a CAGR of 16.1% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Internet of Things platforms Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Internet of Things platforms Market report also includes the following data points:
• COVID19 Impact on Internet of Things platforms Market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Internet of Things platforms Market
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Key Players
Some of the major Internet of Things platforms Market players holding high market share include The ThingsBoard Authors, SiteWhere LLC., Siemens and Italtel S.p.A.. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• SAMSUNG
• Robert Bosch GmbH
• KaaIoT Technologies LLC
• The ThingsBoard Authors
• SiteWhere LLC.
• Siemens
• Italtel S.p.A.
• IBM
• Cisco
• Google
• SAP SE
• Apple Inc.
Segmental Analysis
Market Segment By Platform with focus on market share, consumption trend, and growth rate of Internet of Things platforms Market:
o Connectivity/M2M Platform
o Laas Back-End
o Hardware-Specific Software Platform
o Consumer
Market Segment ByApplication with focus on market share, consumption trend, and growth rate of Internet of Things platforms Market:
o Device Management
o Database Management
o Analytics
o Processing
Parameters Details
Market Size (2022) $ 8.1 Billion
CAGR (2023 to 2033) 16.1%
Market Segmentation Platform, Application
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
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Global Internet of Things platforms Market Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence providesan understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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