Open IoT Platform (OIP) Market Size, Competitors Strategy, Regional Analysis and Industry Growth 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:

IOT Platform is a medium between the applications and services which are connected with the real world. Growing industry and global market of IOT has generated a huge amount of revenue for the companies which are operating in this segment and every service or system which is being connected with IOT needs to have a stable and secure platform.

IOT Platform is an option to the companies to get connected with the source of knowledge without having any difficulty. Growing the size of Database and the need of access to the right data in the fraction of time is possible with IOT. Global IOT Platform Market has been growing rapidly and this market is seeing tremendous opportunities in the upcoming future as the size of the data is increasing continuously.

This market is expected to grow at CAGR of 33% and will rise to the market size of USD 1799 million by the end of forecast period. 

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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.)

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.

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.

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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

2          Research Methodology

2.1       Research Type

2.2       Primary Research

2.3       Secondary Research

2.4       Forecast Model

2.4.1    Market Data Collection, Analysis & Forecast

2.4.2    Market Size Estimation

Continued..

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