
IoT Cloud Platform Market Report and Forecast 2025-2034
Description
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.
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.
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
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.
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.
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.
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
- Private
- Commercial
- Hybrid
- Small and Medium-Sized Organizations
- Large Size Organizations
- Smart Infrastructure
- Automotive
- Industrial Automation and Smart Manufacturing
- Healthcare
- Retail and E-commerce
- BFSI
- Others
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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.
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.
Table of Contents
159 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global IoT Cloud Platform Market Analysis
- 5.1 Key Industry Highlights
- 5.2 Global IoT Cloud Platform Historical Market (2018-2024)
- 5.3 Global IoT Cloud Platform Market Forecast (2025-2034)
- 5.4 Global IoT Cloud Platform Market by Offering
- 5.4.1 Platform
- 5.4.1.1 Historical Trend (2018-2024)
- 5.4.1.2 Forecast Trend (2025-2034)
- 5.4.1.3 Breakup by Type
- 5.4.1.3.1 Device Management
- 5.4.1.3.2 Analytics
- 5.4.1.3.3 Connectivity & Communication
- 5.4.2 Services
- 5.4.2.1 Historical Trend (2018-2024)
- 5.4.2.2 Forecast Trend (2025-2034)
- 5.4.2.3 Breakup by Type
- 5.4.2.3.1 Professional Services
- 5.4.2.3.2 Managed Services
- 5.5 Global IoT Cloud Platform Market by Deployment Mode
- 5.5.1 Private
- 5.5.1.1 Historical Trend (2018-2024)
- 5.5.1.2 Forecast Trend (2025-2034)
- 5.5.2 Commercial
- 5.5.2.1 Historical Trend (2018-2024)
- 5.5.2.2 Forecast Trend (2025-2034)
- 5.5.3 Hybrid
- 5.5.3.1 Historical Trend (2018-2024)
- 5.5.3.2 Forecast Trend (2025-2034)
- 5.6 Global IoT Cloud Platform Market by Organisation Size
- 5.6.1 Small and Medium-Sized Organizations
- 5.6.1.1 Historical Trend (2018-2024)
- 5.6.1.2 Forecast Trend (2025-2034)
- 5.6.2 Large Size Organizations
- 5.6.2.1 Historical Trend (2018-2024)
- 5.6.2.2 Forecast Trend (2025-2034)
- 5.7 Global IoT Cloud Platform Market by Application
- 5.7.1 Smart Infrastructure
- 5.7.1.1 Historical Trend (2018-2024)
- 5.7.1.2 Forecast Trend (2025-2034)
- 5.7.2 Automotive
- 5.7.2.1 Historical Trend (2018-2024)
- 5.7.2.2 Forecast Trend (2025-2034)
- 5.7.3 Industrial Automation and Smart Manufacturing
- 5.7.3.1 Historical Trend (2018-2024)
- 5.7.3.2 Forecast Trend (2025-2034)
- 5.7.4 Healthcare
- 5.7.4.1 Historical Trend (2018-2024)
- 5.7.4.2 Forecast Trend (2025-2034)
- 5.7.5 Retail and E-commerce
- 5.7.5.1 Historical Trend (2018-2024)
- 5.7.5.2 Forecast Trend (2025-2034)
- 5.7.6 BFSI
- 5.7.6.1 Historical Trend (2018-2024)
- 5.7.6.2 Forecast Trend (2025-2034)
- 5.7.7 Others
- 5.8 Global IoT Cloud Platform Market by Region
- 5.8.1 North America
- 5.8.1.1 Historical Trend (2018-2024)
- 5.8.1.2 Forecast Trend (2025-2034)
- 5.8.2 Europe
- 5.8.2.1 Historical Trend (2018-2024)
- 5.8.2.2 Forecast Trend (2025-2034)
- 5.8.3 Asia Pacific
- 5.8.3.1 Historical Trend (2018-2024)
- 5.8.3.2 Forecast Trend (2025-2034)
- 5.8.4 Latin America
- 5.8.4.1 Historical Trend (2018-2024)
- 5.8.4.2 Forecast Trend (2025-2034)
- 5.8.5 Middle East and Africa
- 5.8.5.1 Historical Trend (2018-2024)
- 5.8.5.2 Forecast Trend (2025-2034)
- 6 North America IoT Cloud Platform Market Analysis
- 6.1 United States of America
- 6.1.1 Historical Trend (2018-2024)
- 6.1.2 Forecast Trend (2025-2034)
- 6.2 Canada
- 6.2.1 Historical Trend (2018-2024)
- 6.2.2 Forecast Trend (2025-2034)
- 7 Europe IoT Cloud Platform Market Analysis
- 7.1 United Kingdom
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Germany
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 France
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Italy
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Others
- 8 Asia Pacific IoT Cloud Platform Market Analysis
- 8.1 China
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Japan
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 India
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 ASEAN
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Australia
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 8.6 Others
- 9 Latin America IoT Cloud Platform Market Analysis
- 9.1 Brazil
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Argentina
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Mexico
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Others
- 10 Middle East and Africa IoT Cloud Platform Market Analysis
- 10.1 Saudi Arabia
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 United Arab Emirates
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Nigeria
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 South Africa
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Microsoft Corporation
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Amazon Web Services, Inc.
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Alphabet Inc. (Google LLC)
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 IBM Corporation
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Oracle Corporation
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Bosch.IO GmbH
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Cisco Systems, Inc.
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 General Electric Company
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 Siemens AG
- 12.5.9.1 Company Overview
- 12.5.9.2 Product Portfolio
- 12.5.9.3 Demographic Reach and Achievements
- 12.5.9.4 Certifications
- 12.5.10 PTC Inc.
- 12.5.10.1 Company Overview
- 12.5.10.2 Product Portfolio
- 12.5.10.3 Demographic Reach and Achievements
- 12.5.10.4 Certifications
- 12.5.11 Particle Industries, Inc.
- 12.5.11.1 Company Overview
- 12.5.11.2 Product Portfolio
- 12.5.11.3 Demographic Reach and Achievements
- 12.5.11.4 Certifications
- 12.5.12 Telit Corporate Group
- 12.5.12.1 Company Overview
- 12.5.12.2 Product Portfolio
- 12.5.12.3 Demographic Reach and Achievements
- 12.5.12.4 Certifications
- 12.5.13 Others
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