Open IoT Platform Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution, Services); Deployment (Cloud, On-Premise); Organization Size (Large Enterprises, SMEs); Industry (Automotive, Manufacturing, Healthcare, Retail, IT and Telecom, Others) and Geography
Report Code: TIPRE00007685
| No. of Pages: 150
| Category: Technology, Media and Telecommunications
| Status: Upcoming
pen IoT platform is a platform for developers to use open-source codes for modification purposes from the original design. The IoT market comprises of merchants providing services and solutions including asset tracking and management, predictive maintenance, business process optimization, emergency and incident management to commercial clients globally. Large organizations can get benefits from open IoT platform and from the cloud services which involve IoT connectivity, as the organizations can host their huge number of data in the cloud network, which provides great benefit in application management.
The "Global Open IoT Platform Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the open IoT platform market with detailed market segmentation by component, deployment, organization size, industry vertical, and geography. The report provides key statistics on the market status of the leading open IoT platform market players and offers key trends and opportunities in the market.
Based on component, the global open IoT platform market is segmented into solution and services.
On the basis of deployment, the market is segmented into cloud and on-premise.
Based on organization size, the market is segmented into large enterprises and SMEs.
Based on industry vertical, the market is segmented into automotive, manufacturing, healthcare, retail, IT and telecom, and others.
MARKET DYNAMICS Drivers:
Open IoT platform is a computer platform which provides free open source code for better modification purpose. Reduction in the cost of connected devices and continuous enhancement in technologies are some of the main factors motivating the growth of the open IoT platform market.
Enlightening the skills for developers and educating some new technologies are some of the other factors driving the growth of an open IoT platform market.
Data security and privacy concerns are the primary factors obstructing the growth of the market during the forecast period.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The open IoT platform market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the open IoT platform market in these regions.
IMPACT OF COVID-19 ON OPEN IOT PLATFORM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report covers key developments in the open IoT platform market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from open IoT platform market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the open IoT platform market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
The ThingsBoard Authors
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.