Increasing need for centralized monitoring as well as predictive maintenance of assets, increased usage of IoT enabled devices, rising government initiatives supporting the research and development activities pertaining to the development of IoT technology enabled devices, emergence of IPv6, rising demand for automation across various industries, and increase in the number of intelligent and cost effective connected sensors and devices are some of the major and leading drivers for the development of the global IoT platform market in coming years. Moreover, rising need for superior monitoring technologies is also expected to fuel growth in the global IoT platform market in coming years.
IoT platforms in the global IoT platform market consist of development boards that are specifically designed for IoT applications. These platforms play a vital role in aiding designers of the IoT enabled devices to connect to the internet. Products in the global IoT platform market provide connectivity to several IoT compatible devices and hardware such as mobile phones, industrial control systems, laptops, wearable devices such as fitness and health monitors and trackers, and automotive telematics units, among others. Rising demand for data storage over the cloud is also one of the most prominent drivers for the global IoT platform market.
Rise in the data traffic is also expected to fuel the expansion of the global IoT platform market in coming years. Many leading players and services providers in the global IoT platform market are anticipated to increase their backup servers as well as mitigate risks while guaranteeing enhanced speed, system availability, and uptime. Furthermore, increasing demand from the retail sector is expected to favor the expansion of the global IoT platform market in the next few years. This, along with increasing usage of e-commerce websites, portals, and apps is expected to bolster the demand dynamics in the global IoT platform market in coming years.
Fast paced evolution as well as rapid adoption of high speed internet and other networking technologies is driving the growth in the global IoT platform market. Furthermore, increase in the adoption of cloud IoT technologies among various enterprises may provide players and services providers in the global IoT platform market with various attractive growth opportunities. However, lack of data security as well as increasing concerns regarding data safety and data privacy may hinder the growth in the global IoT platform market in coming years.
The global IoT platform market experiences a highly competitive landscape due to the presence of a massive number of players operating within regional as well as international markets. Players and manufacturers in the global IoT platform market apply various strategies to gain an upper hand in the competitive landscape. Presence of technological giants also makes the competition in the global IoT platform market fairly intense. Some of the key strategies employed by the players, manufacturers, and service providers in the global IoT platform market include product innovations as well as mergers and acquisitions.
For example, Amazon Web Services, Inc., introduced a managed services for various industrial facilities known as ‘AWS IoT SiteWise’ in November of 2018. This system collects and properly labels data and generates real time key performance indicators or KPIs as well as metrics to aid users in making data driven, informed decisions. IBM Corporation introduced a new version of their IoT platform called ‘Watson’ in September of 2018. This platform in used to enhance capabilities of IBM Corporation’s existing offering of IoT connection services. Furthermore, this platform also features an add-on data access and management component called ‘Watson IoT Platform Analytics’.
The global IoT platform market is foretold to bank on the growing penetration of smartphones, tablets, and other connected and remote devices. Need to improve decision-making, emergency handling, and reduce production costs in organizations could be another powerful factor pushing the growth of the global IoT platform market. Easy integration of data communication, data storage, and hardware design with the help of IoT platform is anticipated to create lucrative opportunities in the global market.
The global IoT platform market is envisaged to clock a 21.0% CAGR between 2017 and 2025 to reach a valuation of US$10.0 bn by the final forecast year. In 2016, the global IoT platform market was worth a US$1.7 bn.
The global IoT platform market is bifurcated into inventory, human capital, customer service, enterprise performance, supply chain, infrastructure, and security and asset performance management on the basis of application. Among these applications, supply chain management is foreseen to become prominent in the global IoT platform market. Development of asset tracking is one of the important applications of supply chain management, which enables manufacturers to save time and money and helps to make informed business decisions.
By industry vertical, the global IoT platform market is cataloged into education and hospitality, energy, government and defense, manufacturing, transportation and logistics, oil and gas, BFSI, healthcare, and retail.
The global IoT platform market is also divided into cloud and on-premise as per the segmentation by deployment. Among these, on-premise deployment is predicted to lead the global IoT platform market due to the growing use of advanced security facilities it provides. On-premise deployment also promises improved latency and accessibility. On the other hand, cloud deployment may show a higher growth rate because of the rising adoption of cloud computing technologies, fast digitalization, and improved cost of IoT sensors.
On the geographical front, the global IoT platform market is prophesied to witness the dominance of North America in the foreseeable future. Increasing adoption of advanced technologies and number of companies providing IoT solutions could create a surge in the growth of the IoT platform market in the region. However, North America is envisioned to tread upon the heels of Europe in terms of growth rate. Expected to show a higher growth rate, Europe could accelerate its growth in the global IoT platform market due to the rising uptake of Industry 4.0 and favorable government initiatives. Europe is forecast to benefit from the increase in demand for IoT platform in France, the U.K., and Germany.
Asia Pacific is also expected to show a promising rise in the global IoT platform market owing to the rapid acceptance of digitalization in Japan, China, and Australia. Latin America could rely on Brazil and Argentina for its growth in the global IoT platform market. The MEA is anticipated to depend on the adoption of IoT platform in the government sector and the oil and gas industry.
The global IoT platform market marks the presence of leading players such as Salesforce.com, Inc., General Electric, and Oracle Corporation.
The IoT platform market is growing rapidly on the back of the intensive connectivity they provide in terms of devices. They assist immensely in data storage mechanisms and decreasing production costs. Thus, these aspects prove to be vital growth generators for the IoT platform market.
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary : Global IoT Platform Market
4. Market Overview
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Market Indicators
4.4. Global IoT Platform Market Analysis and Forecasts, 2015 – 2025
4.4.1. Market Revenue Projections (US$ Mn)
4.5. Porter’s Five Force Model
4.6. Ecosystem Analysis
4.7. Market Outlook
5. Global IoT Platform Market Analysis and Forecasts, By Deployment
5.1. Overview & Definitions
5.2. Market Size (US$ Mn) Forecast By Deployment, 2015 – 2025
5.2.1. On-Premise
5.2.2. Cloud
5.3. Market Attractiveness By Deployment
6. Global IoT Platform Market Analysis and Forecasts, By Application
6.1. Overview & Definitions
6.2. Market Size (US$ Mn) Forecast By Application, 2015 – 2025
6.2.1. Inventory Management
6.2.2. Human Capital Management
6.2.3. Customer Service
6.2.4. Enterprise Performance Management
6.2.5. Supply Chain Management
6.2.6. Infrastructure Management
6.2.7. Other (Security, Asset Performance Management)
6.3. Market Attractiveness By Application
7. Global IoT Platform Market Analysis and Forecasts, By Industry Vertical
7.1. Overview & Definitions
7.2. Market Size (US$ Mn) Forecast By Industry Vertical , 2015 – 2025
7.2.1. Retail
7.2.2. Healthcare
7.2.3. BFSI
7.2.4. Oil and Gas
7.2.5. Transportation and Logistics
7.2.6. Manufacturing
7.2.7. Government and Defense
7.2.8. Energy
7.2.9. Other (Education, Hospitality)
7.3. Market Attractiveness By Industry Vertical
8. Global IoT Platform Market Analysis and Forecasts, By Region
8.1. Key Findings
8.2. Market Size (US$ Mn) Forecast By Region, 2015 – 2025
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Middle East and Africa
8.2.5. South America
8.3. Market Attractiveness By Country/Region
9. North America IoT Platform Market Analysis and Forecast
9.1. Key Findings
9.2. Key Trends
9.3. Market Size (US$ Mn) Forecast By Deployment , 2015 – 2025
9.3.1. On-Premise
9.3.2. Cloud
9.4. Market Size (US$ Mn) Forecast By Application, 2015 – 2025
9.4.1. Inventory Management
9.4.2. Human Capital Management
9.4.3. Customer Service
9.4.4. Enterprise Performance Management
9.4.5. Supply Chain Management
9.4.6. Infrastructure Management
9.4.7. Other (Security, Asset Performance Management)
9.5. Market Size (US$ Mn) Forecast By Industry Vertical , 2015 – 2025
9.5.1. Retail
9.5.2. Healthcare
9.5.3. BFSI
9.5.4. Oil and Gas
9.5.5. Transportation and Logistics
9.5.6. Manufacturing
9.5.7. Government and Defense
9.5.8. Energy
9.5.9. Other (Education, Hospitality)
9.6. Market Size (US$ Mn) Forecast By Country, 2015 – 2025
9.6.1. The U.S.
9.6.2. Canada
9.6.3. Rest of North America
9.7. Market Attractiveness Analysis
9.7.1. By Deployment
9.7.2. By Application
9.7.3. By Industry Vertical
9.7.4. By Country
10. Europe IoT Platform Market Analysis and Forecast
10.1. Key Findings
10.2. Key Trends
10.3. Market Size (US$ Mn) Forecast By Deployment , 2015 – 2025
10.3.1. On-Premise
10.3.2. Cloud
10.4. Market Size (US$ Mn) Forecast By Application, 2015 – 2025
10.4.1. Inventory Management
10.4.2. Human Capital Management
10.4.3. Customer Service
10.4.4. Enterprise Performance Management
10.4.5. Supply Chain Management
10.4.6. Infrastructure Management
10.4.7. Other (Security, Asset Performance Management)
10.5. Market Size (US$ Mn) Forecast By Industry Vertical , 2015 – 2025
10.5.1. Retail
10.5.2. Healthcare
10.5.3. BFSI
10.5.4. Oil and Gas
10.5.5. Transportation and Logistics
10.5.6. Manufacturing
10.5.7. Government and Defense
10.5.8. Energy
10.5.9. Other (Education, Hospitality)
10.6. Market Size (US$ Mn) Forecast By Country, 2015 – 2025
10.6.1. The U.K.
10.6.2. Germany
10.6.3. France
10.6.4. Rest of Europe
10.7. Market Attractiveness Analysis
10.7.1. By Deployment
10.7.2. By Application
10.7.3. By Industry Vertical
10.7.4. By Country
11. Asia Pacific IoT Platform Market Analysis and Forecast
11.1. Key Findings
11.2. Key Trends
11.3. Market Size (US$ Mn) Forecast By Deployment , 2015 – 2025
11.3.1. On-Premise
11.3.2. Cloud
11.4. Market Size (US$ Mn) Forecast By Application, 2015 – 2025
11.4.1. Inventory Management
11.4.2. Human Capital Management
11.4.3. Customer Service
11.4.4. Enterprise Performance Management
11.4.5. Supply Chain Management
11.4.6. Infrastructure Management
11.4.7. Other (Security, Asset Performance Management)
11.5. Market Size (US$ Mn) Forecast By Industry Vertical , 2015 – 2025
11.5.1. Retail
11.5.2. Healthcare
11.5.3. BFSI
11.5.4. Oil and Gas
11.5.5. Transportation and Logistics
11.5.6. Manufacturing
11.5.7. Government and Defense
11.5.8. Energy
11.5.9. Other (Education, Hospitality)
11.6. Market Size (US$ Mn) Forecast By Country, 2015 – 2025
11.6.1. India
11.6.2. Japan
11.6.3. China
11.6.4. Australia
11.6.5. Rest of Asia Pacific
11.7. Market Attractiveness Analysis
11.7.1. By Deployment
11.7.2. By Application
11.7.3. By Industry Vertical
11.7.4. By Country
12. Middle East and Africa (MEA) IoT Platform Market Analysis and Forecast
12.1. Key Findings
12.2. Key Trends
12.3. Market Size (US$ Mn) Forecast By Deployment , 2015 – 2025
12.3.1. On-Premise
12.3.2. Cloud
12.4. Market Size (US$ Mn) Forecast By Application, 2015 – 2025
12.4.1. Inventory Management
12.4.2. Human Capital Management
12.4.3. Customer Service
12.4.4. Enterprise Performance Management
12.4.5. Supply Chain Management
12.4.6. Infrastructure Management
12.4.7. Other (Security, Asset Performance Management)
12.5. Market Size (US$ Mn) Forecast By Industry Vertical , 2015 – 2025
12.5.1. Retail
12.5.2. Healthcare
12.5.3. BFSI
12.5.4. Oil and Gas
12.5.5. Transportation and Logistics
12.5.6. Manufacturing
12.5.7. Government and Defense
12.5.8. Energy
12.5.9. Other (Education, Hospitality)
12.6. Market Size (US$ Mn) Forecast By Country, 2015 – 2025
12.6.1. GCC
12.6.2. South Africa
12.6.3. Rest of MEA
12.7. Market Attractiveness Analysis
12.7.1. By Deployment
12.7.2. By Application
12.7.3. By Industry Vertical
12.7.4. By Country
13. South America IoT Platform Market Analysis and Forecast
13.1. Key Findings
13.2. Key Trends
13.3. Market Size (US$ Mn) Forecast By Deployment , 2015 – 2025
13.3.1. On-Premise
13.3.2. Cloud
13.4. Market Size (US$ Mn) Forecast By Application, 2015 – 2025
13.4.1. Inventory Management
13.4.2. Human Capital Management
13.4.3. Customer Service
13.4.4. Enterprise Performance Management
13.4.5. Supply Chain Management
13.4.6. Infrastructure Management
13.4.7. Other (Security, Asset Performance Management)
13.5. Market Size (US$ Mn) Forecast By Industry Vertical , 2015 – 2025
13.5.1. Retail
13.5.2. Healthcare
13.5.3. BFSI
13.5.4. Oil and Gas
13.5.5. Transportation and Logistics
13.5.6. Manufacturing
13.5.7. Government and Defense
13.5.8. Energy
13.5.9. Other (Education, Hospitality)
13.6. Market Size (US$ Mn) Forecast By Country, 2015 – 2025
13.6.1. Brazil
13.6.2. Argentina
13.6.3. Rest of South America
13.7. Market Attractiveness Analysis
13.7.1. By Deployment
13.7.2. By Application
13.7.3. By Industry Vertical
13.7.4. By Country
14. Competition Landscape
14.1. Market Player – Competition Matrix
14.2. Market Share Analysis By Company (2016)
14.3. Company Profiles (Details – Overview, Financials, Recent Developments, SWOT, Strategy)
14.3.1. Microsoft Corporation
14.3.2. Google Inc.
14.3.3. PTC Inc.
14.3.4. IBM Corporation
14.3.5. Cisco Systems, Inc.
14.3.6. SAP SE
14.3.7. Salesforce.com, Inc.
14.3.8. Amazon Web Services, Inc.
14.3.9. Oracle Corporation
14.3.10. General Electric
15. Key Takeaways
List of Tables
Table 01: Global IoT Platform Market Size (US$ Mn) Forecast, By Deployment, 2015–2025
Table 02: Global IoT Platform Market Size (US$ Mn) Forecast, By Application, 2015–2025
Table 03: Global IoT Platform Market Size (US$ Mn) Forecast, By Application, 2015–2025
Table 04: Global IoT Platform Market Size (US$ Mn) Forecast, By Industry Vertical, 2015–2025
Table 05: Global IoT Platform Market Size (US$ Mn) Forecast, By Industry Vertical, 2015–2025
Table 06: Global IoT Platform Market Size (US$ Mn) Forecast, By Region, 2015–2025
Table 07: North America IoT Platform Market Size (US$ Mn) Forecast, By Deployment, 2015–2025
Table 08: North America IoT Platform Market Size (US$ Mn) Forecast, By Application, 2015–2025
Table 09: North America IoT Platform Market Size (US$ Mn) Forecast, By Application, 2015–2025
Table 10: North America IoT Platform Market Size (US$ Mn) Forecast, By Industry Vertical, 2015–2025
Table 11: North America IoT Platform Market Size (US$ Mn) Forecast, By Industry Vertical, 2015–2025
Table 12: North America IoT Platform Market Size (US$ Mn) Forecast, By Country/Region, 2015–2025
Table 13: Europe IoT Platform Market Size (US$ Mn) Forecast, By Deployment, 2015–2025
Table 14: Europe IoT Platform Market Size (US$ Mn) Forecast, By Application, 2015–2025
Table 15: Europe IoT Platform Market Size (US$ Mn) Forecast, By Application, 2015–2025
Table 16: Europe IoT Platform Market Size (US$ Mn) Forecast, By Industry Vertical, 2015–2025
Table 17: Europe IoT Platform Market Size (US$ Mn) Forecast, By Industry Vertical, 2015–2025
Table 18: Europe IoT Platform Market Size (US$ Mn) Forecast, By Country/Region, 2015–2025
Table 19: Asia Pacific IoT Platform Market Size (US$ Mn) Forecast, By Deployment, 2015–2025
Table 20: Asia Pacific IoT Platform Market Size (US$ Mn) Forecast, By Application, 2015–2025
Table 21: Asia Pacific IoT Platform Market Size (US$ Mn) Forecast, By Application, 2015–2025
Table 22: Asia Pacific IoT Platform Market Size (US$ Mn) Forecast, By Industry Vertical, 2015–2025
Table 23: Asia Pacific IoT Platform Market Size (US$ Mn) Forecast, By Industry Vertical, 2015–2025
Table 24: Asia Pacific IoT Platform Market Size (US$ Mn) Forecast, By Country/Region, 2015–2025
Table 25: Middle East and Africa IoT Platform Market Size (US$ Mn) Forecast, By Deployment, 2015–2025
Table 26: Middle East and Africa IoT Platform Market Size (US$ Mn) Forecast, By Application, 2015–2025
Table 27: Middle East and Africa IoT Platform Market Size (US$ Mn) Forecast, By Application, 2015–2025
Table 28: Middle East and Africa IoT Platform Market Size (US$ Mn) Forecast, By Industry Vertical, 2015–2025
Table 29: Middle East and Africa IoT Platform Market Size (US$ Mn) Forecast, By Industry Vertical, 2015–2025
Table 30: Middle East and Africa IoT Platform Market Size (US$ Mn) Forecast, By Country/Region, 2015–2025
Table 31: South America IoT Platform Market Size (US$ Mn) Forecast, By Deployment, 2015–2025
Table 32: South America IoT Platform Market Size (US$ Mn) Forecast, By Application, 2015–2025
Table 33: South America IoT Platform Market Size (US$ Mn) Forecast, By Application, 2015–2025
Table 34: South America IoT Platform Market Size (US$ Mn) Forecast, By Industry Vertical, 2015–2025
Table 35: South America IoT Platform Market Size (US$ Mn) Forecast, By Industry Vertical, 2015–2025
Table 36: South America IoT Platform Market Size (US$ Mn) Forecast, By Country/Region, 2015–2025
List of Figures
Figure 01: Global IoT Platform Market Size (US$ Mn) Forecast, 2015 – 2025
Figure 02: Global IoT Platform Market Y-o-Y Growth (Value %) Forecast, 2016 – 2025
Figure 03: Market Revenue (US$ Mn) Growth Analysis By Deployment, 2017-2025
Figure 04: Market Revenue (US$ Mn) Growth Analysis By Application, 2017-2025
Figure 05: Market Growth Trend Analysis By Industry Vertical, 2017-2025
Figure 06: Market Value Share By Region, 2017-2025
Figure 07: Global IoT Platform Market Revenue Share Analysis, By Deployment, 2017 and 2025
Figure 08: Global IoT Platform Market Attractiveness Analysis By Deployment
Figure 09: Global IoT Platform Market Revenue Share Analysis, By Application, 2017 and 2025
Figure 10: Global IoT Platform Market Attractiveness Analysis By Application
Figure 11: Global IoT Platform Market Revenue Share Analysis, By Industry Vertical, 2017 and 2025
Figure 12: Global IoT Platform Market Attractiveness Analysis By Industry Vertical
Figure 13: Global IoT Platform Market Attractiveness Analysis By Region
Figure 14: North America IoT Platform Market Size (US$ Mn) Forecast, 2015–2025
Figure 15: North America IoT Platform Market Size Y-o-Y Growth Projections, 2016–2025
Figure 16: North America IoT Platform Market Revenue Share Analysis, By Deployment, 2017 and 2025
Figure 17: North America IoT Platform Market Revenue Share Analysis, Application, 2017 and 2025
Figure 18: North America IoT Platform Market Revenue Share Analysis, By Industry Vertical, 2017 and 2025
Figure 19: North America IoT Platform Market Revenue Share Analysis, By Country/Region, 2017 and 2025
Figure 20: North America IoT Platform Market Attractiveness Analysis By Country/Region
Figure 21: North America IoT Platform Market Attractiveness Analysis By Deployment
Figure 22: North America IoT Platform Market Attractiveness Analysis By Application
Figure 23: North America IoT Platform Market Attractiveness Analysis By Industry Vertical
Figure 24: Europe IoT Platform Market Size (US$ Mn) Forecast, 2015–2025
Figure 25: Europe IoT Platform Market Size Y-o-Y Growth Projections, 2016–2025
Figure 26: Europe IoT Platform Market Revenue Share Analysis, By Deployment, 2017 and 2025
Figure 27: Europe IoT Platform Market Revenue Share Analysis, By Application, 2017 and 2025
Figure 28: Europe IoT Platform Market Revenue Share Analysis, By Industry Vertical, 2017 and 2025
Figure 29: Europe IoT Platform Market Revenue Share Analysis, By Country/Region, 2017 and 2025
Figure 30: Europe IoT Platform Market Attractiveness Analysis By Country/Region
Figure 31: Europe IoT Platform Market Attractiveness Analysis By Deployment
Figure 32: Europe IoT Platform Market Attractiveness Analysis By Application
Figure 33: Europe IoT Platform Market Attractiveness Analysis By Industry Vertical
Figure 34: Asia Pacific IoT Platform Market Size (US$ Mn) Forecast, 2015–2025
Figure 35: Asia Pacific IoT Platform Market Size Y-o-Y Growth Projections, 2016–2025
Figure 36: Asia Pacific IoT Platform Market Revenue Share Analysis, By Deployment, 2017 and 2025
Figure 37: Asia Pacific IoT Platform Market Revenue Share Analysis, By Application, 2017 and 2025
Figure 38: Asia Pacific IoT Platform Market Revenue Share Analysis, By Industry Vertical, 2017 and 2025
Figure 39: Asia Pacific IoT Platform Market Revenue Share Analysis, By Country/Region, 2017 and 2025
Figure 40: Asia Pacific IoT Platform Market Attractiveness Analysis By Country/Region
Figure 41: Asia Pacific IoT Platform Market Attractiveness Analysis By Deployment
Figure 42: Asia Pacific IoT Platform Market Attractiveness Analysis By Application
Figure 43: Asia Pacific IoT Platform Market Attractiveness Analysis By Industry Vertical
Figure 44: Middle East and Africa IoT Platform Market Size (US$ Mn) Forecast, 2015–2025
Figure 45: Middle East and Africa IoT Platform Market Size Y-o-Y Growth Projections, 2016–2025
Figure 46: Middle East and Africa IoT Platform Market Revenue Share Analysis, By Deployment, 2017 and 2025
Figure 47: Middle East and Africa IoT Platform Market Revenue Share Analysis, By Application, 2017 and 2025
Figure 48: Middle East and Africa IoT Platform Market Revenue Share Analysis, By Industry Vertical, 2017 and 2025
Figure 49: Middle East and Africa IoT Platform Market Revenue Share Analysis, By Country/Region, 2017 and 2025
Figure 50: Middle East and Africa IoT Platform Market Attractiveness Analysis By Country/Region
Figure 51: Middle East and Africa IoT Platform Market Attractiveness Analysis By Deployment
Figure 52: Middle East and Africa IoT Platform Market Attractiveness Analysis By Application
Figure 53: Middle East and Africa IoT Platform Market Attractiveness Analysis By Industry Vertical
Figure 54: South America IoT Platform Market Size (US$ Mn) Forecast, 2015–2025
Figure 55: South America IoT Platform Market Size Y-o-Y Growth Projections, 2016–2025
Figure 56: South America IoT Platform Market Revenue Share Analysis, By Deployment, 2017 and 2025
Figure 57: South America IoT Platform Market Revenue Share Analysis, By Application, 2017 and 2025
Figure 58: South America IoT Platform Market Revenue Share Analysis, By Industry Vertical, 2017 and 2025
Figure 59: South America IoT Platform Market Revenue Share Analysis, By Country/Region, 2017 and 2025
Figure 60: South America IoT Platform Market Attractiveness Analysis By Country/Region
Figure 61: South America IoT Platform Market Attractiveness Analysis By Deployment
Figure 62: South America IoT Platform Market Attractiveness Analysis By Application
Figure 63: South America IoT Platform Market Attractiveness Analysis By Industry Vertical
Figure 64: IoT Platform Market Share Analysis By Company (2016)
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IoT Platform Market
