The global IoT Platform As A Service (PaaS) market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.
This category of IoT Platform As A Service (PaaS) provides the core building blocks for your product, including consuming, transporting, storing, analyzing, and displaying data. As the name implies, their aim is to enable the rapid development of your application by abstracting the complexities of building an IoT solution.
According to our research, the number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China"s data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.
The 鈥淚oT Platform As A Service (PaaS) Industry Forecast鈥� looks at past sales and reviews total world IoT Platform As A Service (PaaS) sales in 2024, providing a comprehensive analysis by region and market sector of projected IoT Platform As A Service (PaaS) sales for 2025 through 2031. With IoT Platform As A Service (PaaS) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world IoT Platform As A Service (PaaS) industry.
This Insight Report provides a comprehensive analysis of the global IoT Platform As A Service (PaaS) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on IoT Platform As A Service (PaaS) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global IoT Platform As A Service (PaaS) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for IoT Platform As A Service (PaaS) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global IoT Platform As A Service (PaaS).
This report presents a comprehensive overview, market shares, and growth opportunities of IoT Platform As A Service (PaaS) market by product type, application, key players and key regions and countries.
Segmentation by Type:
Consumer IoT
Business IoT
Segmentation by Application:
Smart Home & Wearables
Smart Energy
Smart Security
Manufacturing
Transportation & Logistics
Healthcare
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
PTC (ThingWorx)
Cisco (Jasper)
Microsoft (Azure)
Google
IBM
Intel
SAP
Oracle
Amazon Web Services (AWS)
Telit
General Electric
Zebra Technologies
AT&T
Aeris
Exosite
Particle
Ayla Networks
relayr
Bosch Software Innovations
Teezle
Thales (Cinterion)
Salesforce
IRI
ThingWorx
KaaIoT Technologies
WSO2
GE Digital (Predix Platform)
HPE
Zyter (SmartSpaces)
IOTech
UrsaLeo
Verizon (ThingSpace)
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1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global IoT Platform As A Service (PaaS) Market Size (2020-2031)
2.1.2 IoT Platform As A Service (PaaS) Market Size CAGR by Region (2020 VS 2024 VS 2031)
2.1.3 World Current & Future Analysis for IoT Platform As A Service (PaaS) by Country/Region (2020, 2024 & 2031)
2.2 IoT Platform As A Service (PaaS) Segment by Type
2.2.1 Consumer IoT
2.2.2 Business IoT
2.3 IoT Platform As A Service (PaaS) Market Size by Type
2.3.1 IoT Platform As A Service (PaaS) Market Size CAGR by Type (2020 VS 2024 VS 2031)
2.3.2 Global IoT Platform As A Service (PaaS) Market Size Market Share by Type (2020-2025)
2.4 IoT Platform As A Service (PaaS) Segment by Application
2.4.1 Smart Home & Wearables
2.4.2 Smart Energy
2.4.3 Smart Security
2.4.4 Manufacturing
2.4.5 Transportation & Logistics
2.4.6 Healthcare
2.4.7 Others
2.5 IoT Platform As A Service (PaaS) Market Size by Application
2.5.1 IoT Platform As A Service (PaaS) Market Size CAGR by Application (2020 VS 2024 VS 2031)
2.5.2 Global IoT Platform As A Service (PaaS) Market Size Market Share by Application (2020-2025)
3 IoT Platform As A Service (PaaS) Market Size by Player
3.1 IoT Platform As A Service (PaaS) Market Size Market Share by Player
3.1.1 Global IoT Platform As A Service (PaaS) Revenue by Player (2020-2025)
3.1.2 Global IoT Platform As A Service (PaaS) Revenue Market Share by Player (2020-2025)
3.2 Global IoT Platform As A Service (PaaS) Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 IoT Platform As A Service (PaaS) by Region
4.1 IoT Platform As A Service (PaaS) Market Size by Region (2020-2025)
4.2 Global IoT Platform As A Service (PaaS) Annual Revenue by Country/Region (2020-2025)
4.3 Americas IoT Platform As A Service (PaaS) Market Size Growth (2020-2025)
4.4 APAC IoT Platform As A Service (PaaS) Market Size Growth (2020-2025)
4.5 Europe IoT Platform As A Service (PaaS) Market Size Growth (2020-2025)
4.6 Middle East & Africa IoT Platform As A Service (PaaS) Market Size Growth (2020-2025)
5 Americas
5.1 Americas IoT Platform As A Service (PaaS) Market Size by Country (2020-2025)
5.2 Americas IoT Platform As A Service (PaaS) Market Size by Type (2020-2025)
5.3 Americas IoT Platform As A Service (PaaS) Market Size by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC IoT Platform As A Service (PaaS) Market Size by Region (2020-2025)
6.2 APAC IoT Platform As A Service (PaaS) Market Size by Type (2020-2025)
6.3 APAC IoT Platform As A Service (PaaS) Market Size by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe IoT Platform As A Service (PaaS) Market Size by Country (2020-2025)
7.2 Europe IoT Platform As A Service (PaaS) Market Size by Type (2020-2025)
7.3 Europe IoT Platform As A Service (PaaS) Market Size by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa IoT Platform As A Service (PaaS) by Region (2020-2025)
8.2 Middle East & Africa IoT Platform As A Service (PaaS) Market Size by Type (2020-2025)
8.3 Middle East & Africa IoT Platform As A Service (PaaS) Market Size by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global IoT Platform As A Service (PaaS) Market Forecast
10.1 Global IoT Platform As A Service (PaaS) Forecast by Region (2026-2031)
10.1.1 Global IoT Platform As A Service (PaaS) Forecast by Region (2026-2031)
10.1.2 Americas IoT Platform As A Service (PaaS) Forecast
10.1.3 APAC IoT Platform As A Service (PaaS) Forecast
10.1.4 Europe IoT Platform As A Service (PaaS) Forecast
10.1.5 Middle East & Africa IoT Platform As A Service (PaaS) Forecast
10.2 Americas IoT Platform As A Service (PaaS) Forecast by Country (2026-2031)
10.2.1 United States Market IoT Platform As A Service (PaaS) Forecast
10.2.2 Canada Market IoT Platform As A Service (PaaS) Forecast
10.2.3 Mexico Market IoT Platform As A Service (PaaS) Forecast
10.2.4 Brazil Market IoT Platform As A Service (PaaS) Forecast
10.3 APAC IoT Platform As A Service (PaaS) Forecast by Region (2026-2031)
10.3.1 China IoT Platform As A Service (PaaS) Market Forecast
10.3.2 Japan Market IoT Platform As A Service (PaaS) Forecast
10.3.3 Korea Market IoT Platform As A Service (PaaS) Forecast
10.3.4 Southeast Asia Market IoT Platform As A Service (PaaS) Forecast
10.3.5 India Market IoT Platform As A Service (PaaS) Forecast
10.3.6 Australia Market IoT Platform As A Service (PaaS) Forecast
10.4 Europe IoT Platform As A Service (PaaS) Forecast by Country (2026-2031)
10.4.1 Germany Market IoT Platform As A Service (PaaS) Forecast
10.4.2 France Market IoT Platform As A Service (PaaS) Forecast
10.4.3 UK Market IoT Platform As A Service (PaaS) Forecast
10.4.4 Italy Market IoT Platform As A Service (PaaS) Forecast
10.4.5 Russia Market IoT Platform As A Service (PaaS) Forecast
10.5 Middle East & Africa IoT Platform As A Service (PaaS) Forecast by Region (2026-2031)
10.5.1 Egypt Market IoT Platform As A Service (PaaS) Forecast
10.5.2 South Africa Market IoT Platform As A Service (PaaS) Forecast
10.5.3 Israel Market IoT Platform As A Service (PaaS) Forecast
10.5.4 Turkey Market IoT Platform As A Service (PaaS) Forecast
10.6 Global IoT Platform As A Service (PaaS) Forecast by Type (2026-2031)
10.7 Global IoT Platform As A Service (PaaS) Forecast by Application (2026-2031)
10.7.1 GCC Countries Market IoT Platform As A Service (PaaS) Forecast
11 Key Players Analysis
11.1 PTC (ThingWorx)
11.1.1 PTC (ThingWorx) Company Information
11.1.2 PTC (ThingWorx) IoT Platform As A Service (PaaS) Product Offered
11.1.3 PTC (ThingWorx) IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.1.4 PTC (ThingWorx) Main Business Overview
11.1.5 PTC (ThingWorx) Latest Developments
11.2 Cisco (Jasper)
11.2.1 Cisco (Jasper) Company Information
11.2.2 Cisco (Jasper) IoT Platform As A Service (PaaS) Product Offered
11.2.3 Cisco (Jasper) IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.2.4 Cisco (Jasper) Main Business Overview
11.2.5 Cisco (Jasper) Latest Developments
11.3 Microsoft (Azure)
11.3.1 Microsoft (Azure) Company Information
11.3.2 Microsoft (Azure) IoT Platform As A Service (PaaS) Product Offered
11.3.3 Microsoft (Azure) IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.3.4 Microsoft (Azure) Main Business Overview
11.3.5 Microsoft (Azure) Latest Developments
11.4 Google
11.4.1 Google Company Information
11.4.2 Google IoT Platform As A Service (PaaS) Product Offered
11.4.3 Google IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.4.4 Google Main Business Overview
11.4.5 Google Latest Developments
11.5 IBM
11.5.1 IBM Company Information
11.5.2 IBM IoT Platform As A Service (PaaS) Product Offered
11.5.3 IBM IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.5.4 IBM Main Business Overview
11.5.5 IBM Latest Developments
11.6 Intel
11.6.1 Intel Company Information
11.6.2 Intel IoT Platform As A Service (PaaS) Product Offered
11.6.3 Intel IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.6.4 Intel Main Business Overview
11.6.5 Intel Latest Developments
11.7 SAP
11.7.1 SAP Company Information
11.7.2 SAP IoT Platform As A Service (PaaS) Product Offered
11.7.3 SAP IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.7.4 SAP Main Business Overview
11.7.5 SAP Latest Developments
11.8 Oracle
11.8.1 Oracle Company Information
11.8.2 Oracle IoT Platform As A Service (PaaS) Product Offered
11.8.3 Oracle IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.8.4 Oracle Main Business Overview
11.8.5 Oracle Latest Developments
11.9 Amazon Web Services (AWS)
11.9.1 Amazon Web Services (AWS) Company Information
11.9.2 Amazon Web Services (AWS) IoT Platform As A Service (PaaS) Product Offered
11.9.3 Amazon Web Services (AWS) IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.9.4 Amazon Web Services (AWS) Main Business Overview
11.9.5 Amazon Web Services (AWS) Latest Developments
11.10 Telit
11.10.1 Telit Company Information
11.10.2 Telit IoT Platform As A Service (PaaS) Product Offered
11.10.3 Telit IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.10.4 Telit Main Business Overview
11.10.5 Telit Latest Developments
11.11 General Electric
11.11.1 General Electric Company Information
11.11.2 General Electric IoT Platform As A Service (PaaS) Product Offered
11.11.3 General Electric IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.11.4 General Electric Main Business Overview
11.11.5 General Electric Latest Developments
11.12 Zebra Technologies
11.12.1 Zebra Technologies Company Information
11.12.2 Zebra Technologies IoT Platform As A Service (PaaS) Product Offered
11.12.3 Zebra Technologies IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.12.4 Zebra Technologies Main Business Overview
11.12.5 Zebra Technologies Latest Developments
11.13 AT&T
11.13.1 AT&T Company Information
11.13.2 AT&T IoT Platform As A Service (PaaS) Product Offered
11.13.3 AT&T IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.13.4 AT&T Main Business Overview
11.13.5 AT&T Latest Developments
11.14 Aeris
11.14.1 Aeris Company Information
11.14.2 Aeris IoT Platform As A Service (PaaS) Product Offered
11.14.3 Aeris IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.14.4 Aeris Main Business Overview
11.14.5 Aeris Latest Developments
11.15 Exosite
11.15.1 Exosite Company Information
11.15.2 Exosite IoT Platform As A Service (PaaS) Product Offered
11.15.3 Exosite IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.15.4 Exosite Main Business Overview
11.15.5 Exosite Latest Developments
11.16 Particle
11.16.1 Particle Company Information
11.16.2 Particle IoT Platform As A Service (PaaS) Product Offered
11.16.3 Particle IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.16.4 Particle Main Business Overview
11.16.5 Particle Latest Developments
11.17 Ayla Networks
11.17.1 Ayla Networks Company Information
11.17.2 Ayla Networks IoT Platform As A Service (PaaS) Product Offered
11.17.3 Ayla Networks IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.17.4 Ayla Networks Main Business Overview
11.17.5 Ayla Networks Latest Developments
11.18 relayr
11.18.1 relayr Company Information
11.18.2 relayr IoT Platform As A Service (PaaS) Product Offered
11.18.3 relayr IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.18.4 relayr Main Business Overview
11.18.5 relayr Latest Developments
11.19 Bosch Software Innovations
11.19.1 Bosch Software Innovations Company Information
11.19.2 Bosch Software Innovations IoT Platform As A Service (PaaS) Product Offered
11.19.3 Bosch Software Innovations IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.19.4 Bosch Software Innovations Main Business Overview
11.19.5 Bosch Software Innovations Latest Developments
11.20 Teezle
11.20.1 Teezle Company Information
11.20.2 Teezle IoT Platform As A Service (PaaS) Product Offered
11.20.3 Teezle IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.20.4 Teezle Main Business Overview
11.20.5 Teezle Latest Developments
11.21 Thales (Cinterion)
11.21.1 Thales (Cinterion) Company Information
11.21.2 Thales (Cinterion) IoT Platform As A Service (PaaS) Product Offered
11.21.3 Thales (Cinterion) IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.21.4 Thales (Cinterion) Main Business Overview
11.21.5 Thales (Cinterion) Latest Developments
11.22 Salesforce
11.22.1 Salesforce Company Information
11.22.2 Salesforce IoT Platform As A Service (PaaS) Product Offered
11.22.3 Salesforce IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.22.4 Salesforce Main Business Overview
11.22.5 Salesforce Latest Developments
11.23 IRI
11.23.1 IRI Company Information
11.23.2 IRI IoT Platform As A Service (PaaS) Product Offered
11.23.3 IRI IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.23.4 IRI Main Business Overview
11.23.5 IRI Latest Developments
11.24 ThingWorx
11.24.1 ThingWorx Company Information
11.24.2 ThingWorx IoT Platform As A Service (PaaS) Product Offered
11.24.3 ThingWorx IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.24.4 ThingWorx Main Business Overview
11.24.5 ThingWorx Latest Developments
11.25 KaaIoT Technologies
11.25.1 KaaIoT Technologies Company Information
11.25.2 KaaIoT Technologies IoT Platform As A Service (PaaS) Product Offered
11.25.3 KaaIoT Technologies IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.25.4 KaaIoT Technologies Main Business Overview
11.25.5 KaaIoT Technologies Latest Developments
11.26 WSO2
11.26.1 WSO2 Company Information
11.26.2 WSO2 IoT Platform As A Service (PaaS) Product Offered
11.26.3 WSO2 IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.26.4 WSO2 Main Business Overview
11.26.5 WSO2 Latest Developments
11.27 GE Digital (Predix Platform)
11.27.1 GE Digital (Predix Platform) Company Information
11.27.2 GE Digital (Predix Platform) IoT Platform As A Service (PaaS) Product Offered
11.27.3 GE Digital (Predix Platform) IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.27.4 GE Digital (Predix Platform) Main Business Overview
11.27.5 GE Digital (Predix Platform) Latest Developments
11.28 HPE
11.28.1 HPE Company Information
11.28.2 HPE IoT Platform As A Service (PaaS) Product Offered
11.28.3 HPE IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.28.4 HPE Main Business Overview
11.28.5 HPE Latest Developments
11.29 Zyter (SmartSpaces)
11.29.1 Zyter (SmartSpaces) Company Information
11.29.2 Zyter (SmartSpaces) IoT Platform As A Service (PaaS) Product Offered
11.29.3 Zyter (SmartSpaces) IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.29.4 Zyter (SmartSpaces) Main Business Overview
11.29.5 Zyter (SmartSpaces) Latest Developments
11.30 IOTech
11.30.1 IOTech Company Information
11.30.2 IOTech IoT Platform As A Service (PaaS) Product Offered
11.30.3 IOTech IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.30.4 IOTech Main Business Overview
11.30.5 IOTech Latest Developments
11.31 UrsaLeo
11.31.1 UrsaLeo Company Information
11.31.2 UrsaLeo IoT Platform As A Service (PaaS) Product Offered
11.31.3 UrsaLeo IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.31.4 UrsaLeo Main Business Overview
11.31.5 UrsaLeo Latest Developments
11.32 Verizon (ThingSpace)
11.32.1 Verizon (ThingSpace) Company Information
11.32.2 Verizon (ThingSpace) IoT Platform As A Service (PaaS) Product Offered
11.32.3 Verizon (ThingSpace) IoT Platform As A Service (PaaS) Revenue, Gross Margin and Market Share (2020-2025)
11.32.4 Verizon (ThingSpace) Main Business Overview
11.32.5 Verizon (ThingSpace) Latest Developments
12 Research Findings and Conclusion
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*If Applicable.