Global IoT Platform Market to Reach $235 Billion by 2027


DUBLIN, September 28, 2022 /PRNewswire/ — The “IoT Platform Market by Deployment Model, Operating Platform, Connectivity, Software, Systems, and Services in Industry Verticals 2022-2027” report has been added to from offer.

This report analyzes the market for various Internet of Things (IoT) platform solutions and types. It includes an assessment of the functions and factors necessary to support the anticipated growth in the IoT Platforms market. The report provides an assessment of the global and regional IoT platforms market from 2022 to 2027 covering all major market segments including software, services, connected systems, operating platforms and connectivity options.

Select report results:

  • North America will continue to dominate the IoT platform market
  • Industry-Specific IoT Platforms Will Grow at Highest CAGR
  • IoT platform unit deployment will reach 1.78 billion by 2027
  • Embedded software and systems will be the first market segment
  • The Global IoT Platform Market Is About To Hit USD $235 billion by 2027

IoT platforms represent the systems (software, hardware, and middleware) that enable the management of IoT networks, devices, applications, and services. This includes connectivity, device administration, identity management, permission control, data management, APIs, SDKs, etc.

IoT hardware includes microcontrollers, microprocessors, embedded systems, sensors, gateway devices, and related materials such as amplifiers, down converters, batteries, lights, etc. OEM hardware in “embedded objects” will play an important role in the emerging IoT ecosystem and will be characterized by real-time computing, low power consumption, low maintenance and high availability.

Software plays a crucial role in enabling static devices to communicate and relay data and act on instructions. OEM software vendors are segmented based on type and implementation area. The IoT software stack is segmented by key types such as security solutions, operating systems, and software development platforms.

Coupled with AI capabilities, IoT platforms are transforming traditional manufacturing systems, business services, and enterprise operations to become data-driven, algorithmic enterprises with self-learning systems. Complete IoT platforms are accelerating the transition to Industry 4.0, enabling stakeholders to interact with the physical world through IoT devices and systems.

Orchestration and mediation is one of the key functions of the IoT platform. Simply put, orchestration is about automated arrangement, coordination, and management. For the IoT, orchestration includes the ability for multiple connected devices to become aware of each other. The IoT mediation function will typically reside in an IoT platform that is used to interconnect (physically and logically) with other network elements for the purpose of mediating data requests. In this role, the IoT Mediation Platform is responsible for signaling, communications, and database access with various IoT data resources.

These resources can support databases such as those required for IoT identity, IoT device management, and associated authentication, authorization, and accounting of IoT transactions. These resources may also embody the repository and/or value-added platforms (such as predictive analytics) associated with the IoT data itself (e.g. raw data captured from sensors, modified data based on analysis and derived or hybrid data).

Main topics covered:

1.0 Executive Summary

2.0 Presentation

3.0 Technology and Application Analysis

4.0 Business Analysis

5.0 Market Analysis and Forecast 2022-2027

6.0 Conclusions and Recommendations

Companies cited

  • Accenture
  • AMEE
  • arkesa
  • ARMS
  • picture
  • Autodesk
  • Bug Labs
  • Trolleys
  • CloudPlugs
  • Cubilog
  • CyberVision
  • International Digi
  • Eclipse M2M
  • All
  • Exosite
  • GeoSonics/Vibra-Tech
  • GoBig Inc.
  • Google
  • GrooveStreams
  • HP
  • IBM
  • Imantics
  • Intel
  • IoBridge
  • PIQ
  • Jasper (Cisco)
  • Konekt
  • Link Smart Technologies
  • Login
  • Lots of robots
  • Marvell Technology Group Ltd.
  • MicroStrain
  • NewAer
  • Nimbits
  • Particle
  • CTP
  • Qualcomm
  • Meaning
  • Sensinode

For more information on this report, visit

Media Contact:

Research and Markets
Laura Woodsenior
[email protected]

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SOURCE Research and Markets


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