IoT Edge Platform Market Key Highlights:
- Market Size (2024): USD 1.15 Billion
- Projected Market Size (2034): USD 3.88 Billion
- CAGR (2023-2034): 12.9%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
IoT Edge Platform Market Definition
The IoT edge platform market is an integral segment of the IT industry. This industry deals in developing edge computing platforms for people across the world. An IoT edge platform is a combination of services, devices, and technologies that allow several devices to process data from any source rather than in a centralized location. The main types of IoT edge computing platforms consist of open source and proprietary. These platforms can be deployed in several modes, such as on-premises, cloud-based, and hybrid. The various types of cloud connectivity used by these platforms include public cloud, private cloud, and hybrid cloud. This market is expected to rise significantly with the growth in the telecom and IT industry around the world.
The growing application of IoT edge platforms in the manufacturing and transportation industry has propelled the market growth. Also, the rising demand for process optimization, safety and security, predictive maintenance, and data acquisition and monitoring in large organizations is an integral factor of the industrial expansion. Moreover, the rising advancements in the IT industry, along with a rising emphasis on IoT edge platforms by the energy and healthcare sector, are expected to drive the growth of the IoT edge platform market.
Advancements in edge computing along with integration of blockchain in these platforms is expected to create ample growth opportunities for the market players in the future. In September 2024, Advantech launched Edge Service Packages. This solution comprises of Azure IoT Edge and AWS IoT Greengrass for several applications such as edge monitoring, device control, and software management services.
IoT Edge Platform Market Segmentation:
By Type
By Application
IoT Edge Platform Market Companies:
- AWS
- Microsoft
- Rancher
- Akamai Technologies
- Bosch.IO
- ClearBlade
- Check Point Software Technologies
- Crosser Technologies
- Software AG
- EdgeIQ
- Google
- IBM
- ARDIC
- FogHorn Systems
- Marlabs
- SAS
- VMware
- Nutanix
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