Scope of the Study
Open IoT platform is considered as the most significant component of the IoT ecosystem. It connects the company's IT hardware with cloud or on-premise applications that eventually helps in developing several other software applications, usually for the connected devices. Reduction in Cost of Connected Devices and Constant Improvements in the Technology are the major driving factors for the global Open IoT Platform market. Data Security and Privacy Concerns is restraining market growth.
The market study is being classified by Type (Software, Hardware and Service) and major geographies with country level break-up.
The ThingsBoard Authors (United States), IBM Corporation (United States), Microsoft Corporation (United States), Samsung (South Korea), Bosch (Germany), Ayla Networks Inc. (United States), Google, Inc (United States), General Electric (United States), Oracle Corporation (United States) and KaaIoT Technologies, LLC. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are SiteWhere LLC (United States), Siemens AG (Germany), Italtel SpA (Italy), Thinger.io(Europe) and WSo2 (United States).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Open IoT Platform market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Open IoT Platform market by Type, Application and Region.
On the basis of geography, the market of Open IoT Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Reduction in Cost of Connected Devices
- Constant Improvements in the Technology
- Improving the Skills of Developers
- Data Security and Privacy Concerns
- Growing Demand from End-users
- Increasing Applications of Open IoT Platform
- Technoligical Complexities Associated with Open IoT Platform
Key Target AudienceOpen IoT Platform Providers, Emerging Companies, Research Professionals and End-users
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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