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Report Overview
The global IoT cloud platform market size reached approximately USD 13.20 Billion in 2024. The market is assessed to grow at a CAGR of 13.80% between 2025 and 2034, reaching a value of around USD 48.08 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Compound Annual Growth Rate
Value in USD Billion
13.8%
2025-2034
IoT Cloud Platform Market Outlook
*this image is indicative*
Key Trends in the Market
IoT, the Internet of Things, refers to a wide network of digital devices interconnected to facilitate real-time collection and exchange of data. IoT cloud computing deals with the integration of cloud technologies to utilise connectivity options and establish an effective and flexible network between a large number of IoT devices.
- One of the prominent drivers augmenting the global IoT cloud platform market demand is the rising utilisation of linked devices to strengthen communication within an organisation and between different organisations. Companies are increasingly integrating different systems to streamline workflow, aiding the market.
- The rapidly advancing wireless network technologies present lucrative development opportunities for the IoT cloud platform market growth during the forecast period. The widespread deployment of 5G network services and increasing focus on the development of 6G technology is a major factor aiding the expansion of the market.
- The rising implementation of artificial intelligence and machine learning technologies is one of the major IoT cloud platform market trends. With the integrated network of IoT devices and applications, data management becomes significantly straightforward and provides a suitable platform to develop memory-intensive and complex models.
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Market Segmentation
The EMR’s report titled “Global IoT Cloud Platform Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Offering
- Platform
- Services
Market Breakup by Deployment Mode
- Private
- Commercial
- Hybrid
Market Breakup by Organisation Size
- Small and Medium-Sized Organizations
- Large Size Organizations
Market Breakup by Application
- Smart Infrastructure
- Automotive
- Industrial Automation and Smart Manufacturing
- Healthcare
- Retail and E-commerce
- BFSI
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Share by Application
The healthcare sector is extensively utilising IoT cloud platforms to seamlessly store and share data through various IoT devices. The IoT cloud platform market share in this sector is expected to rise due to the development of embedded sensors and the increasing adoption of wireless devices to enhance healthcare quality. Growing technological advancements in the healthcare sector amid the rising focus on remote patient monitoring are likely to boost the segment’s growth in the coming years.
Market Share by Region
According to the IoT cloud platform market analysis, North America is likely to experience a healthy growth during the forecast period. The companies present in the region are rapidly adopting IoT cloud platforms and the presence of key players allows the regional market to show constant and robust growth.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global IoT cloud platform market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
Microsoft Corporation
Microsoft Corporation is one of the most prominent players in the technology development sector. It is known for its operating system called Windows. The company was founded in 1975 and since then it has developed its expertise in many sectors, including cloud computing, machine learning, and artificial intelligence, among others.
Alphabet Inc. (Google LLC)
Alphabet Inc. (Google LLC) is a global leader in the software development sector, and it is the parent organisation of Google. It was formed as a holding company after the restructuring of Google in 2015. It was done to separate the internet-based business ventures of Google from the experimental ventures, which are now under Alphabet.
Amazon Web Services, Inc.
Amazon Web Services, Inc. is an IT service management company and has been operating as a subsidiary of Amazon since its foundation in 2006. With the development of AWS, the company’s cloud computing platform, it has established a significant hold in the cloud computing sector.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other IoT cloud platform market players include IBM Corporation, Oracle Corporation, Bosch.IO GmbH, Cisco Systems, Inc., General Electric Company, Siemens AG, PTC Inc., Particle Industries, Inc., and Telit Corporate Group, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market reached an approximate value of USD 13.20 Billion.
The market is projected to grow at a CAGR of 13.80% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach a value of around USD 48.08 Billion by 2034.
The market is being driven by the rising adoption of IoT devices in organisations of different sectors and advancements in wireless network technologies.
The market is guided by the increasing adoption of artificial intelligence and machine learning as cloud platforms and the rising demand for IoT cloud platforms in the healthcare sector.
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different applications of the product include smart infrastructure, automotive, industrial automation and smart manufacturing, healthcare, retail and e-commerce, and BFSI, among others.
The key players in the market include Microsoft Corporation, Amazon Web Services, Inc., Alphabet Inc. (Google LLC), IBM Corporation, Oracle Corporation, Bosch.IO GmbH, Cisco Systems, Inc., General Electric Company, Siemens AG, PTC Inc., Particle Industries, Inc., and Telit Corporate Group, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Offering |
|
| Breakup by Deployment Mode |
|
| Breakup by Organisation Size |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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