Worldwide IoT Platform Market to Reach $1.6 Billion by 2021 - Research and Markets

DUBLIN — (BUSINESS WIRE) — February 23, 2016Research and Markets ( has announced the addition of the "IoT Platforms: Market Report 2015-2021 - Version 2" report to their offering.

This new forecast sees the IoT Platforms market growing at a compound annual growth rate (CAGR) of 33% over the 2015-2021 forecast period, with annual revenue reaching $1.6 billion in 2021.

The worldwide market for IoT platforms reached $298M in 2015 with an estimated compound annual growth rate of 33% for the period to 2021, making IoT platforms one of the fastest growing segments, even within the IoT market and forecast to surpass the $1 billion mark by 2019.

The market is currently witnessing an explosion in IoT deployments and solutions around the world. IoT platforms are emerging as the central backbone of these IoT deployments and are the key for the development of scalable IoT applications and services. IoT Platforms represent a truly new market segment that was almost non-existent a few years ago.

Despite its tremendous diversity, the $300M market is currently dominated by US vendors with PTC emerging as the market leader at 18% market share. The US is also currently the biggest market for IoT deployments using IoT platforms. However, we are seeing that Asian markets are starting to pick up and do expect Asia to emerge as the biggest continental market by 2021.

Target Audience:

  • IoT Platform providers
  • Application enablement platform vendors
  • IoT solution companies
  • Connected product industry suppliers
  • Mobile network / Communication service operators
  • System integrators
  • OT/IT developers for the Internet of Things
  • IoT Third-party vendors
  • Government
  • Regulatory and compliance agencies

Key Topics Covered:

1. Industry Overview

2. IoT Platform Market Analysis

3. IoT Platform Companies: Strategies & Profiles

4. Innovation & Trends

5. Methodology & Definitions

6. Appendix

Companies Mentioned:

  • Accenture
  • AT&T
  • Alcatel-Lucent
  • Amazon
  • Analog Devices
  • Apple
  • Arrayent
  • Autodesk
  • Ayla Networks
  • BlackBerry
  • Blacksumac
  • Bosch
  • Carriots
  • Cisco
  • CloudPlugs
  • Davra Networks
  • Ericsson
  • GE
  • Good Technologies
  • Google
  • (25+ Others)

For more information visit


Research and Markets
Laura Wood, Senior Manager
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Sector: Internet of Things

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