Over the past few year, factors such as Growing Adoption of IoT Platform based on Advanced AI Algorithms have contributed to the development of the Global IoT Platform market.

Undoubtedly, Robustly Increasing Demand for Cloud-Based Data Storages is the most promising market promoter, bringing direct and indirect economic benefits to the market sizing. The Global IoT Platform market is expected to make a significant contribution growing at a CAGR of 23.45%.

AMA research has engaged in the competitive assessment of China & Global IoT Platform Players for 5 years. “The Top 10 Competitive Players in the IoT Platform in 2023” clearly displays the competitive situations of main IoT Platform Playersin 2023. The research shows that companies in top 10 list are divided up by dominating countries, namely, United States occupying half of the list . Players like PTC, SAP, IBM, Hitachi, and Accenture accumulates maximum market share showcasing strong market competitive advantage.

The Platform, such as Connectivity Platforms, is boosting the IoT Platform market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The End Use Industry, such as Manufacturing, is boosting the IoT Platform market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Deployment, such as Cloud-Based, is boosting the IoT Platform market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

With the multiple advantages of technology, cost and service, many major Players such as PTC Inc. (United States), SAP SE (Germany), International Business Machines Corporation (IBM) (United States), Hitachi, Ltd. (Japan), Accenture plc (United States), Atos (France), Altizon Systems (United States), Flutura Decision Sciences and Analytics (United States), Oracle Corporation (United States) and Amazon.com, Inc. (United States) developed rapidly. They kept leading domestic market and on the other way actively developing international market and seizing market share, becoming the backbone of Global IoT Platform industry. It is understood that currently domestic IoT Platform players has been massively used by players in North America.This framework should serve as a basic structure to support the strategic decision-making process for industry players. For instance, the question of whether a Players wants to expand into other areas of the market value chain fundamentally determines its strategy.



The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global IoT Platform market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.

Data Triangulation
The overall IoT Platform market size is calculated using market estimation process, the IoT Platform market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global IoT Platform market size has been validated using both top-down and bottom-up approaches.