IoT Platforms and Software Market Report 2023: Sector to Reach $9.4 Billion by 2026 at a 17.5% CAGR
Broadly speaking, most IoT platforms fall into one of the following three categories: connectivity management platforms, device management platforms and application enablement platforms.
- Broadly speaking, most IoT platforms fall into one of the following three categories: connectivity management platforms, device management platforms and application enablement platforms.
- The trend has accelerated in 2020-2021 as a number of major industrial software vendors exited the IoT platforms market.
- The publisher's estimates that the market for commercial device management and application enablement platforms amounted to US$ 2.6 billion in 2020.
- Growing at a CAGR of 28 percent, the market value is expected to reach US$ 9.0 billion in 2025.