Rising Industrial Automation Fueling The Growth Of The Market Due To Increasing Need For Efficiency, Accuracy, And Real-Time Process Optimization: Powering Innovation and Expansion in the Internet Of Things (IoT) Cloud Platform Market by 2025

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How Large Will the Internet Of Things (IoT) Cloud Platform Market Size By 2025?
Over the last few years, the market size of the Internet of Things (IoT) cloud platform has experienced swift expansion, with an anticipated rise from $24.55 billion in 2024 to $29.17 billion by 2025, reflecting a compound annual growth rate (CAGR) of 18.8%. This growth throughout the historic period can be traced back to factors such as the broader acceptance of connected devices, a growing need for the processing of real-time data, increased investment in cloud computing infrastructure, a surge in industrial automation, and expansion of initiatives associated with smart cities.

How Big Is the Internet Of Things (IoT) Cloud Platform Market Size Expected to Grow by 2029?
The market size of the internet of things (IoT) cloud platform is anticipated to undergo substantial expansion over the upcoming years, growing to a size of $57.49 billion by 2029 with a compound annual growth rate (CAGR) of 18.5%. This expected growth can be credited to factors like the growing convergence of edge computing with cloud platforms, an increased focus on the security and privacy of data, the proliferation of 5G networks resulting in quicker connectivity, the escalating usage of artificial intelligence in predictive analytics, and the rise in the adoption of hybrid and multi-cloud strategies. The coming years are likely to see significant trends like AI-fueled analytics and automation, improved orchestration of edge-cloud, the use of blockchain for secure IoT transactions, and the creation of digital twins for real-time asset monitoring.

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Which Key Market Drivers Powering Internet Of Things (IoT) Cloud Platform Market Expansion and Growth?
The growth of the market is being propelled by the increasing demand for efficiency, accuracy and real-time process optimization, all of which are met by escalating industrial automation.

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Which Emerging Trends Are Transforming the Internet Of Things (IoT) Cloud Platform Market in 2025?
Leading corporations in the IoT cloud platform market are focusing on the creation of innovative and advanced solutions for enhanced real-time data gathering, improved operational efficiency, and seamless connectivity across various devices and systems in industrial settings. These solutions include cloud-based industrial IoT solutions that link industrial devices and sensors to the cloud, facilitating real-time data surveillance, process improvement, and preventative maintenance. An example of this is the Qualcomm Aware Platform, introduced by US semiconductor firm Qualcomm Inc. in February 2023. The platform was designed to provide businesses with real-time visibility and improved operational efficiency across different industrial sectors such as supply chains, utilities, and manufacturing. The platform is an API-first, customizable cloud framework that incorporates with existing enterprise software like Microsoft Dynamics 365. It blends Qualcomm's IoT hardware and connectivity technologies with sensor fusion, precise location services, and safeguarded device-to-cloud communications to allow smooth tracking, condition monitoring, and management of assets.

What Are the Emerging Segments in the Internet Of Things (IoT) Cloud Platform Market?
The internet of things (IOT) cloud platform market covered in this report is segmented

1) By Offering: Platform, Service
2) By Deployment Type: Public Cloud, Private Cloud, Hybrid Cloud
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By Application: Building And Home Automation, Smart Manufacturing, Smart Transportation, Connected Healthcare, Smart Retail, Smart Grid, Other Applications

Subsegments:
1) By Platform: Device Management Platform, Application Enablement Platform, Connectivity Management Platform, Data Analytics Platform
2) By Service: Managed Services, Professional Services, Support Services

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Who Are the Global Leaders in the Internet Of Things (IoT) Cloud Platform Market?
Major companies operating in the internet of things (iot) cloud platform market are Google LLC, Microsoft Corporation, Verizon Communications Inc., AT&T Inc., Robert Bosch GmbH, Dell Technologies Inc., Amazon Web Services Inc., Siemens AG, International Business Machines Corporation, Cisco Systems Inc., Intel Corporation, General Electric Company, Oracle Corporation, Vodafone Group Plc, Schneider Electric SE, Honeywell International Inc., SAP SE, Salesforce Inc., Telefonaktiebolaget LM Ericsson, Microchip Technology Incorporated, Hitachi Vantara LLC, PTC Inc., and Software AG.

Which are the Top Profitable Regional Markets for the Internet Of Things (IoT) Cloud Platform Industry?
North America was the largest region in the internet of things (IoT) cloud platform market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in internet of things (IoT) cloud platform report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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