IoT Cloud Platform Market Forecast 2025-2032
Global IoT Cloud Platform Market Is Expected to Grow at A Significant Growth Rate, And the Forecast Period Is 2025-2032, Considering the Base Year As 2024.
Global IoT Cloud Platform Market Report 2025 comes with the extensive industry analysis by Introspective Market Research with development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2025-2032.This research study of IoT Cloud Platform involved the extensive usage of both primary and secondary data sources. This includes the study of various parameters affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry.
Scope of the IoT Cloud Platform Market:
The IoT Cloud Platform Market Research report incorporates value chain analysis for each of the product type. Value chain analysis offers in-depth information about value addition at each stage.The study includes drivers and restraints for IoT Cloud Platform Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting thegrowth of the market. Research report includes major key player analysis with shares of each player inside market, growth rate and market attractiveness in different endusers/regions. Our study IoT Cloud Platform Market helps user to make precise decision in order to expand their market presence and increase market share.
By Type, IoT Cloud Platform market has been segmented into:
On-premise IoT cloud platform
Cloud-based IoT platform
By Application, IoT Cloud Platform market has been segmented into:
Device management
Analytics management
Database management
Regional Analysis:
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
South America (Brazil, Argentina, Rest of SA)
Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Competitive Landscape:
Competitive analysis is the study of strength and weakness, market investment, market share, market sales volume, market trends of major players in the market.The IoT Cloud Platform market study focused on including all the primary level, secondary level and tertiary level competitors in the report. The data generated by conducting the primary and secondary research.The report covers detail analysis of driver, constraints and scope for new players entering the IoT Cloud Platform market.
Top Key Players Covered in IoT Cloud Platform market are:
January 2025:Microsoft committed to investing $80 billion in AI-enabled data centers in fiscal year 2025 in January 2025. This large investment will build modern data centers that can train AI models and deploy AI and cloud-based apps to meet rising demand for AI-driven services. Analysts expect Microsoft's fiscal 2025 capital expenditure to be $84.24 billion
with over half of the US$ 80 billion invested in the US.This strategic decision is expected to improve Microsoft's Azure cloud infrastructure's scalability and performance
which supports many AI-driven applications
including OpenAI partner services. Microsoft is extending its data center capacity to satisfy AI workloads' computing demands and provide efficient and dependable service to its global customers.
June 2024:Oracle and Google Cloud partnered in June 2024 to streamline client upgrades and migration. The collaboration between Oracle Cloud Infrastructure (OCI) and Google Cloud technologies lets enterprises effortlessly use both platforms' strengths. This alliance addresses the growing demand for flexible
multi-cloud solutions
enabling organizations to optimize their IT environments while minimizing complexity and disruption during migration.A highlight of this collaboration is cross-cloud interconnectivity in 11 global regions
eliminating data transfer fees. This functionality adds flexibility to deploy workloads across OCI and Google Cloud without high costs. The partnership helps organizations scale globally
access advanced cloud services
and innovate in a more connected digital landscape by reducing financial and operational barriers.
March 2022:T-Mobile
the industry leader in 5G and owner of the biggest and fastest countrywide 5G network in the United States
and Sierra Wireless
an MVNO and supplier of IoT solutions
have expanded their partnership. This will help Sierra Wireless' Smart Connectivity service
which offers worldwide Low Power Wide Area (LPWA) connectivity
become more competitive. As a result of the partnership
consumers in the US now have access to 5G connection from T-multi-band Mobile as well as 4G LTE ultra-high data offerings for fixed applications such as commercial security/video surveillance
healthcare services
digital vending
signs
and others that need high throughput and low latency.
November 2021:To digitally transform and construct sustainable factories of the future
L&T Technology Services Ltd.'s (LTTS) Energy & Sustainability Manager solution will be accessible on Microsoft Azure. The most recent agreement is a part of LTTS' expanding partnership with Microsoft to make its advanced manufacturing solution suite accessible to companies across the globe via Azure's enterprise cloud-first
mobile-first architecture.
February 2021:NXP Semiconductors N.V.
a leader in secure IoT embedded solutions
launched EdgeLock 2GO in February 2021. This platform simplifies and secures IoT device and service deployment and management across industries. In a quickly changing digital landscape
EdgeLock 2GO provides powerful end-to-end security for trusted IoT ecosystems. Businesses may streamline operations
manage device credentials
protect data connections
and comply with industry standards with this platform. EdgeLock 2GO's flexibility and scalability help enterprises maximize IoT breakthroughs
improving trust and functionality in connected environments.
Frequently Asked Questions
What is the forecast period in the IoT Cloud Platform Market research report?
The forecast period in the IoT Cloud Platform Market research report is 2025-2032.
Who are the key players in IoT Cloud Platform Market?
January 2025:Microsoft committed to investing $80 billion in AI-enabled data centers in fiscal year 2025 in January 2025. This large investment will build modern data centers that can train AI models and deploy AI and cloud-based apps to meet rising demand for AI-driven services. Analysts expect Microsoft's fiscal 2025 capital expenditure to be $84.24 billion, with over half of the US$ 80 billion invested in the US.This strategic decision is expected to improve Microsoft's Azure cloud infrastructure's scalability and performance, which supports many AI-driven applications, including OpenAI partner services. Microsoft is extending its data center capacity to satisfy AI workloads' computing demands and provide efficient and dependable service to its global customers., June 2024:Oracle and Google Cloud partnered in June 2024 to streamline client upgrades and migration. The collaboration between Oracle Cloud Infrastructure (OCI) and Google Cloud technologies lets enterprises effortlessly use both platforms' strengths. This alliance addresses the growing demand for flexible, multi-cloud solutions, enabling organizations to optimize their IT environments while minimizing complexity and disruption during migration.A highlight of this collaboration is cross-cloud interconnectivity in 11 global regions, eliminating data transfer fees. This functionality adds flexibility to deploy workloads across OCI and Google Cloud without high costs. The partnership helps organizations scale globally, access advanced cloud services, and innovate in a more connected digital landscape by reducing financial and operational barriers., March 2024:T-Mobile, the industry leader in 5G and owner of the biggest and fastest countrywide 5G network in the United States, and Sierra Wireless, an MVNO and supplier of IoT solutions, have expanded their partnership. This will help Sierra Wireless' Smart Connectivity service, which offers worldwide Low Power Wide Area (LPWA) connectivity, become more competitive. As a result of the partnership, consumers in the US now have access to 5G connection from T-multi-band Mobile as well as 4G LTE ultra-high data offerings for fixed applications such as commercial security/video surveillance, healthcare services, digital vending, signs, and others that need high throughput and low latency., November 2021:To digitally transform and construct sustainable factories of the future, L&T Technology Services Ltd.'s (LTTS) Energy & Sustainability Manager solution will be accessible on Microsoft Azure. The most recent agreement is a part of LTTS' expanding partnership with Microsoft to make its advanced manufacturing solution suite accessible to companies across the globe via Azure's enterprise cloud-first, mobile-first architecture., February 2021:NXP Semiconductors N.V., a leader in secure IoT embedded solutions, launched EdgeLock 2GO in February 2021. This platform simplifies and secures IoT device and service deployment and management across industries. In a quickly changing digital landscape, EdgeLock 2GO provides powerful end-to-end security for trusted IoT ecosystems. Businesses may streamline operations, manage device credentials, protect data connections, and comply with industry standards with this platform. EdgeLock 2GO's flexibility and scalability help enterprises maximize IoT breakthroughs, improving trust and functionality in connected environments.
How big is the IoT Cloud Platform Market?
IoT Cloud Platform Is Expected to Grow at A Significant Growth Rate, And the Forecast Period Is 2025-2032, Considering the Base Year As 2024.
What are the segments of the IoT Cloud Platform Market?
The IoT Cloud Platform Market is segmented into Type and Application. By Type, On-premise IoT cloud platform, Cloud-based IoT platform and By Application, Device management, Analytics management, Database management
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