Emerging Technology & Digital Transformation · Indirect
Monitoring · monthlyProcurement Category Intelligence
IoT Platform Services
Overview
Market size
$28.5B
global, USD
CAGR
14.2%
base to forecast
Buyer power
-2.4
supplier-favoured
Suppliers
7
tracked players
Signals
12
7 high severity
Market outlook
2031$55.4B
What changed
Demand by region
North America demand33%
Asia Pacific demand29%
Europe demand24%
Rest of world demand14%
share of global demandtotal 100%
Cost drivers
Cloud Infrastructure and Compute hosting40%
Software Development and Engineering labor25%
Cybersecurity and Compliance operations15%
Data Ingestion and Network egress fees12%
Customer Support and Account management8%
share of delivered cost (analyst estimate)