Open IoT Platform Market 2018 by Global Leaders: Amazon Web Services, IBM, Microsoft, Samsung Group, Bosch, Ayla Networks, General Electric, Oracle

Market Research Future published a research report on “Open IoT Platform Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario:

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.

The global open IoT platform market is expected to grow at approx. USD 4.3 Billion by 2023, at 25% of CAGR between 2017 and 2023.

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Key Players

The prominent players in open IoT platform market are – 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.), among others.

Segments:

Open IoT platform market can be segmented on the basis of following:

By Component

• Software
• Hardware

By Deployment

- Cloud

• Private Cloud
• Public Cloud

- On Premise

By End User

• Individuals
• SMEs
• Large Enterprises

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

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