IoT Platform Market 2023 Global Industry Analysis, Size, Share, Growth, Trends and Forecast to 2029

The IoT platform market size is projected to grow from USD 9.5 billion in 2023 to USD 18.2 billion in 2028 at a Compound Annual Growth Rate (CAGR) of 13.9% the increasing adoption of IoT devices and sensors in industrial settings, and the growing demand for real-time data analytics "IoT Platform Market" 2022 research report offers the market competition landscape and a corresponding comprehensive study of the prominent players in this market. IoT Platform market report delivers study of the key trends in each sub-segment of the worldwide IoT Platform report, with estimates for development at the global, regional, and country level and categorized the market based on product type, applications, and regions. Furthermore, receive exact details and statistics associated to IoT Platform market and its key factors such as revenue, growth, compound annual growth, year-over-year developments, consumption, and production.

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IoT platforms connect various devices, sensors, machines, routers, controllers, gateways, and edge computing systems centrally to streamline business processes and increase operational efficiency. The IoT platform can be consumed as a technology suite, an open, general-purpose application platform, or both in conjunction. IoT platforms are engineered to support the safety, security, and mission-criticality requirements associated with industrial assets and their operating environments. In addition, IoT platforms monitor IoT endpoints and event streams, and support and translate various manufacturer and industry proprietary protocols. IoT platform also analyzes data at the IoT edge and in the cloud.

Major Players in IoT Platform market are: Software AG (Germany), PTC (US), Hitachi (Japan), IBM (US), Microsoft (US), Cisco (US), Intel (US), SAP (Germany), Siemens AG(Germany), Atos (France), Amazon Web Services (US), Oracle (US), Bosch.IO (US), Schneider Electric (France), Davra Networks (US), Eurotech (Italy), Altizon (US), QiO Technologies (UK), Litmus Automation (US), ROOTCLOUD (China), Augury (US), Braincube (France), UnifyTwin (US), and Samsara (US)

IoT Platform Market Segmentations:
by Type: Tier 1 - 62%, Tier 2 - 23%, and Tier 3 - 15%

by Application: C-level - 38%, Directors - 30%,and Others - 32%

Geographical Segmentation and Competition Analysis
• North America (U.S., Canada, Mexico)
• Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
• Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
• Latin America (Brazil, Rest of L.A.)
• Middle East and Africa (Turkey, GCC, Rest of Middle East)

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IoT Platform Market report provides qualitative analysis, providing market driving factor analysis, market development constraints, industry trends under COVID-19, market entry strategy analysis, etc.

Overview of IoT Platform Market Report:
• Provides study coverage of IoT Platform market by studying objectives like product introduction, market size growth rate by type and application.
• Provides IoT Platform industry executive summary by sales estimates revenue estimates and forecasts.
• Analysis market size of sales, revenue, and price by type (historical sale, forecasted sales).
• Analysis market size of sales, revenue, and price by application (historical sale, forecasted sales).
• Provides regional analysis IoT Platform Market including North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• Provides company profile including corporation information, overview, and related development.

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