IoT Platform Market worth USD 65.29 billion by 2030
The report "IoT Platforms Market By Platforms (Device Management, Application Enablement, Connectivity Management, IoT Advanced Analytics), Focus Areas (Smart Manufacturing, Smart Transportation/Mobility, Smart Healthcare) - Global Forecast to 2030" is projected to reach USD 65.29 billion by 2030, registering a CAGR of 8.1% from 2025 to 2030.
Browse 60 market data Tables and 15 Figures spread through 180 Pages and in-depth TOC on "IoT Platforms Market, By Platforms (Device Management, Application Enablement, Connectivity Management, IoT Advanced Analytics), Focus Areas (Smart Manufacturing, Smart Transportation/Mobility, Smart Healthcare) - Global Forecast to 2030"
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Enterprises worldwide are accelerating IoT investments to build cross-border operational resilience and meet ambitious "Net Zero" sustainability targets. Driven by international standards and the rapid convergence of AI and the Edge, global industrial players are deploying large-scale sensor networks to create transparent, autonomous value chains. This global shift toward data-driven agility is supported by a unified focus on global cybersecurity protocols, with organizations adopting standardized Zero-Trust architectures and hardware-rooted security to protect interconnected global assets from sophisticated cross-border digital threats.
The worldwide expansion of 5G Standalone (SA) networks and the emergence of Satellite IoT (Non-Terrestrial Networks) are the primary drivers of the global IoT market, enabling ubiquitous connectivity even in the most remote geographies. Global telecommunications alliances are facilitating seamless roaming and "anywhere" connectivity, providing the ultra-reliable, low-latency communication necessary for autonomous global shipping, remote mining operations, and large-scale environmental monitoring. This robust, multi-layered connectivity landscape is not only optimizing international trade routes but also serving as the foundational layer for the next generation of global smart infrastructure and planetary-scale data insights.
The emergency & incident management segment is expected to have the fastest growth rate during the forecast period.
The emergency & incident management application is experiencing an unprecedented surge, driven by the rising frequency of climate-related disasters and the global push for enhanced public safety. Governments and private enterprises are rapidly deploying Real-Time Location Systems (RTLS), acoustic sensors, and environmental monitors to predict and mitigate crises. This growth is strongly supported by AI-powered predictive analytics, which enable first responders and industrial safety officers to shift from reactive to proactive intervention. By leveraging high-speed connectivity and edge-based intelligence, global organizations are shortening response times and minimizing the impact of critical incidents, making this the most dynamic growth area in the IoT landscape.
The device management segment is expected to hold the largest market size.
The device management segment continues to command the largest share of the global IoT platforms market, as organizations grapple with the logistical complexity of managing billions of diverse, geographically dispersed endpoints. As enterprises scale their deployments, the need for centralized "Command and Control" centers to handle Over-the-Air (OTA) updates, security patching, and lifecycle monitoring has become paramount. Leading global platforms are evolving into sophisticated orchestration engines that ensure device interoperability across fragmented hardware ecosystems. This segment’s dominance is driven by the critical need for "zero-touch provisioning" and real-time health monitoring, which are essential for maintaining the uptime and security of the massive global fleet of connected assets.
The report profiles key players, such as Microsoft (US), AWS (US), Cisco (US), Oracle (US), PTC (US), SAP (Germany), IBM (US), Avnet (US), Google (US), Software AG (Germany), Hitachi (Japan), Telit Cinterion (US), Clearblade (US), HQSoftware (Estonia), and emnify (Germany).
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