openPR Logo
Press release

IoT Cloud Platform Market Poised for Significant Growth, Set to Reach USD 55.61 Billion by 2033

01-23-2025 01:33 PM CET | IT, New Media & Software

Press release from: Emergen Research

IoT Cloud Platform Market

IoT Cloud Platform Market

Emergen Research's latest market research report, titled Global IoT Cloud Platform Market, provides estimated market size and shares, latest industry trends, global market growth rates, key drivers and opportunities, constraints, product segmentation, and major market players. Cost structure, market size, competitive landscape, product portfolio and specifications, and company profiles.

The global IoT cloud platform market is projected to grow from USD 18.22 billion in 2024 to an impressive USD 55.61 billion by 2033, registering a robust compound annual growth rate (CAGR) of 13.2% during this period. This remarkable growth is attributed to the increasing adoption of Internet of Things (IoT) devices across industries and the demand for scalable data management solutions.

The rising interconnectivity of devices is driving the demand for cloud-based platforms that can efficiently manage and analyze the massive influx of data. From smart home systems like thermostats and voice assistants to industrial applications in manufacturing, healthcare, and agriculture, IoT is transforming industries. These devices generate vast amounts of data that need real-time analysis to deliver actionable insights. For instance, Samsung India recently launched IoT-enabled air purifiers that promise cleaner air and seamless integration with smart living systems.

Get Free Sample PDF Copy Of This Report At: https://www.emergenresearch.com/request-sample/3324

Cloud platforms play a critical role in enabling these innovations by offering flexibility, scalability, and computing power to handle complex IoT data. For example, smart thermostats use cloud analytics to optimize energy efficiency, while industrial IoT sensors monitor equipment health and predict maintenance needs.

Key Market Drivers: Integration of Edge Computing

A major driver of market growth is the integration of edge computing with IoT cloud platforms. Unlike traditional systems where data is processed in centralized cloud servers, edge computing processes data closer to its source, reducing latency and improving responsiveness. This approach is particularly beneficial for time-critical applications. For instance, industrial IoT systems can detect machinery anomalies and take immediate action without relying on cloud processing.

Recent advancements in 5G technology are further enhancing edge computing capabilities. In April 2022, Ball Corporation partnered with AWS to bring multi-access edge computing to Canada, opening new possibilities for efficient IoT operations.

Market Challenges: Data Privacy and Security Concerns

Despite the promising growth, data privacy and security remain significant challenges. IoT devices collect sensitive information, such as health metrics, location details, and daily routines, making them vulnerable to cyberattacks. Each connected device acts as a potential entry point for hackers, posing risks of data breaches and unauthorized access.

Businesses and consumers are increasingly concerned about these risks, as breaches can lead to reputational damage, financial loss, and legal penalties. Regulatory frameworks like the EU's GDPR and the CCPA emphasize the need for robust data protection measures. Addressing these concerns will be crucial for maintaining consumer trust and driving IoT adoption.

Market Insights: Public Cloud Platforms Lead the Way

Public cloud platforms, such as Amazon Web Services, Microsoft Azure, and Google Cloud, are at the forefront of IoT infrastructure development. These platforms offer cost-effective and scalable solutions to manage the massive data generated by IoT systems. Recent collaborations, like the one between Stibo Systems and Microsoft Azure in May 2023, highlight the growing reliance on public cloud services for hosting advanced IoT applications.

By leveraging these platforms, businesses can process large volumes of data without investing in expensive on-premise infrastructure. This shift is enabling companies to optimize performance while expanding their IoT capabilities.

Request For Customization:  https://www.emergenresearch.com/request-for-customization/3324

Competitive Terrain:

The global IoT Cloud Platform industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

Leading Market Players Profiled in the Report:

AWS

Microsoft

Google

Cisco Systems

IBM

Oracle

com

SAP

PTC

Samsung

Key reasons to buy the Global IoT Cloud Platform Market report:

The latest report comprehensively studies the global IoT Cloud Platform market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.

The report offers an insightful analysis of the regional outlook of the market.

It offers a detailed account of the end-use applications of the products & services offered by this industry.

The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

The global IoT Cloud Platform market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the IoT Cloud Platform market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the IoT Cloud Platform market.

IoT Cloud Platform Market Segmentation Analysis

Offering Outlook (Revenue, USD Billion; 2020-2033)

Platform

Device Management

Connectivity Management

Application Enablement

Service

Professional Services

Training and Consulting

Integration and Deployment

Support and Maintenance

Managed Services

Development Type Outlook (Revenue, USD Billion; 2020-2033)

Public Cloud

Private Cloud

Hybrid

Organization Size Outlook (Revenue, USD Billion; 2020-2033)

SMEs

Large Enterprises

Application Area Outlook (Revenue, USD Billion; 2020-2033)

Building and Home Automation

Smart Manufacturing

Smart Transportation

Connected Healthcare

Smart Retail

Smart Grid and Utilities

Others

Browse Full Report@  https://www.emergenresearch.com/industry-report/iot-cloud-platform-market

Regional Outlook:

North America (the U.S., Canada, Mexico)

Europe (the U.K., Germany, France, Italy)

Asia Pacific (India, China, Japan, Korea)

Latin America (Brazil, Argentina, Ecuador, Chile)

Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)

The study will prove useful for leading companies looking to find new sources of income by helping them to understand the market and its underlying dynamics. It will also be useful for businesses looking to expand into new markets or diversify their current operations.

How will this Report Benefit you?

An Emergen Research report of 250 pages contains 194 tables, 189 charts and graphics, and anyone who needs a comprehensive analysis of the global IoT Cloud Platform market, as well as commercial, in-depth analyses of the individual segments, will find the study useful. Our recent study allows you to assess the entire regional and global market for IoT Cloud Platform. In order to increase market share, obtain financial analysis of each segment and the whole market.

Look at how you can utilize the current and potential revenue-generating opportunities available in this sector. We believe that there are significant prospects for energy storage technology in this industry due to the rapid expansion of the technology. In addition to helping you build growth strategies, improve competitor analysis, and increase business productivity, the research will also assist you in making better strategic decisions.

Thank you for reading our report. For further details or to inquire about customization, please let us know and we will offer you the report as per your needs.

14671 110 Avenue, Surrey, British Columbia, V3R2A9
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release IoT Cloud Platform Market Poised for Significant Growth, Set to Reach USD 55.61 Billion by 2033 here

News-ID: 3830160 • Views:

More Releases from Emergen Research

Global Internet of Things (IoT) in Healthcare Market to Reach USD 299.05 Billion in 2023, Set for Strong Growth at 16.5% CAGR
Global Internet of Things (IoT) in Healthcare Market to Reach USD 299.05 Billion …
The global Internet of Things (IoT) in Healthcare Market was valued at USD 299.05 billion in 2023 and is expected to grow at a CAGR of 16.5% during the forecast period. This growth is fueled by the rising use of connected healthcare devices, increasing demand for early disease detection through remote monitoring, and growing adoption of artificial intelligence (AI) tools within IoT-based healthcare systems. The market is also benefiting from the
Global Stem Cell Therapy Market to Reach USD 49.2 Billion by 2034, Growing at 13.6% CAGR
Global Stem Cell Therapy Market to Reach USD 49.2 Billion by 2034, Growing at 13 …
The global Stem Cell Therapy Market, valued at USD 13.7 billion in 2024, is projected to reach USD 49.2 billion by 2034, expanding at a compound annual growth rate (CAGR) of 13.6%. Growth is being fueled by the rising burden of chronic diseases, rapid progress in cell-based studies, and increasing investments in regenerative medicine and personalized healthcare solutions. Stem cell therapies offer the ability to repair, replace, or restore damaged tissues
Artificial Intelligence Strengthens Cybersecurity as Threats Grow More Sophisticated
Artificial Intelligence Strengthens Cybersecurity as Threats Grow More Sophistic …
The global Artificial Intelligence in cybersecurity market size was USD 23.8 Billion in 2023 and is expected to reach a market valuation of USD 29.44 billion by the end of 2024 registering a CAGR of 23.7% during the forecast period. The adoption of Artificial Intelligence (AI) in cybersecurity is rapidly gaining traction as organizations worldwide face increasingly complex and frequent cyber threats. By combining advanced technologies such as Machine Learning
Global Regenerative Medicine Market to Reach USD 125.6 Billion by 2034, Growing at 13.9% CAGR
Global Regenerative Medicine Market to Reach USD 125.6 Billion by 2034, Growing …
The global regenerative medicine market, valued at USD 34.2 billion in 2024, is set to grow to USD 125.6 billion by 2034, expanding at a compound annual growth rate (CAGR) of 13.9%. Growth is being fueled by rising approvals of advanced therapies, strong demand for personalized treatments in cancer and orthopedics, and expanding cell and gene therapy manufacturing across major markets such as North America, Europe, and Asia. Once seen as

All 5 Releases


More Releases for IoT

IOT Adoption Drives IoT insurance Market Growth: Pivotal Factor Influencing IoT …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations. IoT Insurance Market Size Growth Forecast: What to Expect by 2025? The market size of Internet of Things (IoT) insurance has seen an explosive growth in the past few years. It is projected to rise from $100.02 billion in 2024 to a staggering $153.89 billion in 2025, experiencing a compound annual growth rate (CAGR)
Narrowband IoT (NB-IoT) Market Advancements in NB-IoT Connectivity Management Pl …
Numerous factor such as due to rapid development in IoT industry and rising demand of new cellular communication technology which are integrated to IoT low power wide area applications drives the growth of the market globally. moreover, increasing demand for navigation, telematics and in-car infotainment services in automotive & transportation industry is fueling the market of NB-IoT globally. However, licensing costs of NB-IoT are hindering the growth of narrowband-
IoT Edge Computing Software Market 2023 | SAS, IBM, EdgeIQ, AWS, Azure IoT Edge, …
Market Overview - The information made available in the IoT Edge Computing Software report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work, in-depth interviewing, or
IoT Cloud Market Next Big Thing | Major Giants Oracle, AWS IOT, IBM Watson IoT, …
COVID-19 Outbreak-Global IoT Cloud Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global IoT Cloud Market. Some of the key players profiled
Narrowband IoT (NB-IoT) Market Future Adoption Overview 2025
The report titled "Global Narrowband IoT (NB-IoT) Market Size, Status and Forecast 2025, Trends, Share, Size Research Report " offers a primary impression of the Narrowband IoT (NB-IoT) industry covering different product Scope, Characterizations, Classifications, Objectives, and Participants in the industry chain structure. This report profiles major 15 topmost manufactures operating like ( Vodafone, China Unicom, China Telecom, AT&T, Etisalat, Telstra, Orange, Telefonica, SK Telecom, Deutsche Telekom  -  for complete manufactures list, please
Blockchain In IOT Market Business Growth Statistics And Key Players Insights Blo …
Research N Report has released a new report on the “global Blockchain in IOT Market”. This report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every side of the market. "Blockchain in Internet