Open IoT Platform Market Global Trends, Size, Industry Growth, Segments, Supply, Demand and Technical Analysis by Forecast to 2023

“Open IoT Platform Market”
Open IoT Platform Market, By Component (Hardware, Software), Deployment (Private Cloud, Public Cloud, Hybrid and On Premise) and End User – Forecast 2023

Market Highlights:

Open IoT platform to a computer platform in which the source codes are available to the general public for use or modification from its original design. Open source gives free and open access to the software that serves as the foundation for the internet of things. Open IoT platform is cost-effective and is easy to implement owing to the scalability being offered to manage devices. Open IoT platform has minimal dependency and possess no risk. Open source allows far higher levels of innovation and also offers a rich set of functionalities.

Constant improvements and great peer-to-peer support from a vibrant open source are major driving factors for the growth of Open IoT platform market. Learning new technologies and improving the skills of developers are other factors driving the growth of Open IoT platform market.

The Open Iot Platform Market has been segmented on the basis of component, deployment and end user. The end user segment comprises of individuals, small and medium enterprises and large enterprises. Owing to immense flexibility and agility, open IoT platform are very popular among the individual developers.

Major Key Players:

  • Amazon Web Services (U.S.)
  • IBM Corporation (U.S.)
  • Microsoft Corporation (U.S.)
  • Samsung Group (South Korea)
  • Bosch (Germany)
  • Ayla Networks (U.S.)
  • Google, Inc. (U.S.)
  • General Electric (U.S.)
  • Oracle (U.S.)

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Market Research Analysis:

The global open IoT platform market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. In the global Open IoT platform market, Asia Pacific is anticipated to witness relatively faster adoption and is expected to grow at the highest CAGR during the forecast period as compared to other regions. Within Asia Pacific, open IoT platform market is projected to contribute faster to the growth of revenue backed by increasing demand from developers in countries such as Japan, China and India.

Across Europe, countries including Germany, France and the U.K. are anticipated to drive the growth of open IoT platform market. In Europe, the popularity of open source platforms is increasing among the developers and hence is the major factor driving the growth of open IoT platform market. The presence of advanced infrastructure and with the increasing adoption of open source applications and technological advancements in numerous countries are other factors driving the growth of open IoT platform market.

Open IoT platform market in the South America region is anticipated to witness relatively slower market growth. However, Brazil and Argentina among other countries are projected to witness slow yet steady growth. Open IoT platform market in Middle East and Africa occupies a relatively smaller pie of the global open IoT platform market.

Open IoT platform Market Segmentation:

The Open IoT Platform Market has been segmented on the basis of component, deployment and end user. The component segment comprises of hardware and software components. Software components segment is very popular among the components segment owing to the free availability of source codes for general people to develop and modify codes, in order to develop new applications.

Regional Analysis:

The regional analysis of open IoT platform market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period.

The major growth in Open IoT platform market in North America is attributed to the increasing popularity among the developers in that region.

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Intended Audience:

  • Technology investors
  • Research/Consultancy firms
  • Technology providers
  • Consumers
  • Technology developers

Table of Contents

1          Market Introduction

1.1       Introduction 

1.2       Scope of Study

1.2.1    Research Objective

1.2.2    Assumptions

1.2.3    Limitations

1.3       Market Structure


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