IoT Platform Market Set to Reach USD 23.66 Billion by 2030

According to Next Move Strategy Consulting, the global IoT Platform Market size is predicted to reach USD 23.66 billion with a CAGR of 14.1% till 2030. 

The increasing adoption of IoT devices across various industries, such as healthcare and manufacturing for necessary infrastructure and capabilities to connect, manage, and analyze the massive amounts of data generated by IoT devices is fueling the growth of IoT platforms.

However, the increased risk of security breaches and privacy violations, while challenges of achieving interoperability between diverse devices and technologies are the major factors restraining the growth of the IoT platform market.

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