Global Open IoT Platform Market Research Report: By Component (Hardware, Software, Service [Professional Services, Managed Services]), Deployment (Cloud [Public Cloud, Private Cloud, Hybrid Cloud] and On-Premise), Organization Size (SMEs and Large Enterprise), and Industry Vertical (Government, Healthcare, Education, Manufacturing, Retail, Power & Utilities, Automotive, IT & Telecom), and Region (North America, Europe, Asia Pacific, the Middle East & Africa, and South America) - Forecast till 2030
ID: MRFR/ICT/2609-HCR | February 2021 | Region: Global | 100 Pages
TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Intensity of Rivalry
4.1.5 Bargaining Power of Suppliers
4.2 Value Chain of Global Open IoT Platform Market
5 Industry Overview of Global Open IoT Platform Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6. Global Open IoT Platform Market by Component
6.1 Introduction
6.2 Hardware
6.2.1 Market Estimates & Forecast, 2019–2025
6.2.2 Market Estimates & Forecast, by Region, 2019–2025
6.2.3 Software
6.2.3.1 Market Estimates & Forecast, 2019–2025
6.2.3.2 Market Estimates & Forecast, by Region, 2019–2025
6.2.4 Services
6.2.4.1 Market Estimates & Forecast, 2019–2025
6.2.4.2 Market Estimates & Forecast, by Region, 2019–2025
6.2.4.3 Professional Services
6.2.4.3.1 Market Estimates & Forecast, 2019–2025
6.2.4.3.2 Market Estimates & Forecast, by Region, 2019–2025
6.2.4.4 Managed Services
6.2.4.4.1 Market Estimates & Forecast, 2019–2025
6.2.4.4.2 Market Estimates & Forecast, by Region, 2019–2025
7 Global Open IoT Platform Market by Deployment
7.1 Introduction
7.2 Cloud
7.2.1 Market Estimates & Forecast, 2019–2025
7.2.2 Market Estimates & Forecast, by Region, 2019–2025
7.2.3 Private Cloud
7.2.3.1 Market Estimates & Forecast, 2019–2025
7.2.3.2 Market Estimates & Forecast, by Region, 2019–2025
7.2.4 Public Cloud
7.2.4.1 Market Estimates & Forecast, 2019–2025
7.2.4.2 Market Estimates & Forecast, by Region, 2019–2025
7.2.5 Hybrid Cloud
7.2.5.1 Market Estimates & Forecast, 2019–2025
7.2.5.2 Market Estimates & Forecast, by Region, 2019–2025
7.3 On-Premise
7.3.1 Market Estimates & Forecast, 2019–2025
7.3.2 Market Estimates & Forecast, by Region, 2019–2025
8 Global Open IoT Platform Market by Organization Size
8.1 Introduction
8.2 SMEs
8.2.1 Market Estimates & Forecast, 2019–2025
8.2.2 Market Estimates & Forecast, by Region, 2019–2025
8.3 Large Enterprise
7.3.1 Market Estimates & Forecast, 2019–2025
7.3.2 Market Estimates & Forecast, by Region, 2019–2025
9 Global Open IoT Platform Market by Industry Vertical
9.1 Introduction
9.2 Government
9.2.1 Market Estimates & Forecast, 2019–2025
9.2.2 Market Estimates & Forecast, by Region, 2019–2025
9.3 Healthcare
9.3.1 Market Estimates & Forecast, 2019–2025
9.3.2 Market Estimates & Forecast, by Region, 2019–2025
9.4 Education
9.4.1 Market Estimates & Forecast, 2019–2025
9.4.2 Market Estimates & Forecast, by Region, 2019–2025
9.5 Manufacturing
9.5.1 Market Estimates & Forecast, 2019–2025
9.5.2 Market Estimates & Forecast, by Region, 2019–2025
9.6 Retail
9.6.1 Market Estimates & Forecast, 2019–2025
9.6.2 Market Estimates & Forecast, by Region, 2019–2025
9.7 Power & Utilities
9.7.1 Market Estimates & Forecast, 2019–2025
9.7.2 Market Estimates & Forecast, by Region, 2019–2025
9.8 Automotive
9.8.1 Market Estimates & Forecast, 2019–2025
9.8.2 Market Estimates & Forecast, by Region, 2019–2025
9.9 IT & Telecom
9.9.1 Market Estimates & Forecast, 2019–2025
9.9.2 Market Estimates & Forecast, by Region, 2019–2025
10. Global Open IoT Platform Market by Region
10.1 Introduction
10.2 North America
10.2.1 Market Estimates & Forecast, 2019–2025
10.2.2 Market Estimates & Forecast by, Component , 2019–2025
10.2.3 Market Estimates & Forecast by, Deployment, 2019–2025
10.2.4 Market Estimates & Forecast by, Organization Size, 2019–2025
10.2.5 Market Estimates & Forecast by, Industry Vertical, 2019–2025
10.2.6 US
10.2.6.1 Market Estimates & Forecast, 2019–2025
10.2.6.2 Market Estimates & Forecast by, Component , 2019–2025
10.2.6.3 Market Estimates & Forecast by, Deployment, 2019–2025
10.2.6.4 Market Estimates & Forecast by, Organization Size, 2019–2025
10.2.6.5Market Estimates & Forecast by, Industry Vertical, 2019–2025
10.2.7 Canada
10.2.7.1 Market Estimates & Forecast, 2019–2025
10.2.7.2 Market Estimates & Forecast by, Component , 2019–2025
10.2.7.3 Market Estimates & Forecast by, Deployment, 2019–2025
10.2.7.4 Market Estimates & Forecast by, Organization Size, 2019–2025
10.2.7.5Market Estimates & Forecast by, Industry Vertical, 2019–2025
10.2.8 Canada
10.2.8.1 Market Estimates & Forecast, 2019–2025
10.2.8.2 Market Estimates & Forecast by, Component , 2019–2025
10.2.8.3 Market Estimates & Forecast by, Deployment, 2019–2025
10.2.8.4 Market Estimates & Forecast by, Organization Size, 2019–2025
10.2.8.5Market Estimates & Forecast by, Industry Vertical, 2019–2025
10.3 Europe
10.3.1 Market Estimates & Forecast, 2019–2025
10.3.2 Market Estimates & Forecast by, Component , 2019–2025
10.3.3 Market Estimates & Forecast by, Deployment, 2019–2025
10.3.4 Market Estimates & Forecast by, Organization Size, 2019–2025
10.3.5 Market Estimates & Forecast by, Industry Vertical, 2019–2025
10.3.6 Germany
10.3.6.1 Market Estimates & Forecast, 2019–2025
10.3.6.2 Market Estimates & Forecast by, Component , 2019–2025
10.3.6.3 Market Estimates & Forecast by, Deployment, 2019–2025
10.3.6.4 Market Estimates & Forecast by, Organization Size, 2019–2025
10.3.6.5Market Estimates & Forecast by, Industry Vertical, 2019–2025
10.3.7 France
10.3.7.1 Market Estimates & Forecast, 2019–2025
10.3.7.2 Market Estimates & Forecast by, Component , 2019–2025
10.3.7.3 Market Estimates & Forecast by, Deployment, 2019–2025
10.3.7.4 Market Estimates & Forecast by, Organization Size, 2019–2025
10.3.7.5Market Estimates & Forecast by, Industry Vertical, 2019–2025
10.3.8 UK
10.3.8.1 Market Estimates & Forecast, 2019–2025
10.3.8.2 Market Estimates & Forecast by, Component , 2019–2025
10.3.8.3 Market Estimates & Forecast by, Deployment, 2019–2025
10.3.8.4 Market Estimates & Forecast by, Organization Size, 2019–2025
10.3.8.5Market Estimates & Forecast by, Industry Vertical, 2019–2025
10.4 Asia-Pacific
10.4.1 Market Estimates & Forecast, 2019–2025
10.4.2 Market Estimates & Forecast by, Component , 2019–2025
10.4.3 Market Estimates & Forecast by, Deployment, 2019–2025
10.4.4 Market Estimates & Forecast by, Organization Size, 2019–2025
10.4.5Market Estimates & Forecast by, Industry Vertical, 2019–2025
10.4.6 China
10.4.6.1 Market Estimates & Forecast, 2019–2025
10.4.6.2 Market Estimates & Forecast by, Component , 2019–2025
10.4.6.3 Market Estimates & Forecast by, Deployment, 2019–2025
10.4.6.4 Market Estimates & Forecast by, Organization Size, 2019–2025
10.4.6.5Market Estimates & Forecast by, Industry Vertical, 2019–2025
10.4.7 India
10.4.7.1 Market Estimates & Forecast, 2019–2025
10.4.7.2 Market Estimates & Forecast by, Component , 2019–2025
10.4.7.3 Market Estimates & Forecast by, Deployment, 2019–2025
10.4.7.4 Market Estimates & Forecast by, Organization Size, 2019–2025
10.4.7.5Market Estimates & Forecast by, Industry Vertical, 2019–2025
10.4.8 Japan
10.4.8.1 Market Estimates & Forecast, 2019–2025
10.4.8.2 Market Estimates & Forecast by, Component , 2019–2025
10.4.8.3 Market Estimates & Forecast by, Deployment, 2019–2025
10.4.8.3 Market Estimates & Forecast by, Organization Size, 2019–2025
10.4.8.4Market Estimates & Forecast by, Industry Vertical, 2019–2025
10.4.9 Rest of Asia-Pacific
10.4.9.1 Market Estimates & Forecast, 2019–2025
10.4.9.2 Market Estimates & Forecast by, Component , 2019–2025
10.4.9.3 Market Estimates & Forecast by, Deployment, 2019–2025
10.4.9.4 Market Estimates & Forecast by, Organization Size, 2019–2025
10.4.9.5Market Estimates & Forecast by, Industry Vertical, 2019–2025
10.5 Middle East & Africa
10.5.1 Market Estimates & Forecast, 2019–2025
10.5.2 Market Estimates & Forecast by, Component , 2019–2025
10.5.3 Market Estimates & Forecast by, Deployment, 2019–2025
10.5.4 Market Estimates & Forecast by, Organization Size, 2019–2025
10.5.5Market Estimates & Forecast by, Industry Vertical, 2019–2025
10.6 South America
10.6.1 Market Estimates & Forecast, 2019–2025
10.6.2 Market Estimates & Forecast by, Component , 2019–2025
10.6.3 Market Estimates & Forecast by, Deployment, 2019–2025
10.6.4 Market Estimates & Forecast by, Organization Size, 2019–2025
10.6.5Market Estimates & Forecast by, Industry Vertical, 2019–2025
11. Company Landscape
12. Company Profiles
12.1 The ThingsBoard Authors
12.1.1 Company Overview
12.1.2 Product/Business Segment Overview
12.1.3 Financial Updates
12.1.4 Key Developments
12.2 IBM Corporation
12.2.1 Company Overview
12.2.2 Product/Business Segment Overview
12.2.3 Financial Updates
12.2.4 Key Developments
12.3 Microsoft Corporation
12.3.1 Company Overview
12.3.2 Product/Business Segment Overview
12.3.3 Financial Updates
12.3.4 Key Developments
12.4 Samsung
12.4.1 Company Overview
12.4.2 Product/Business Segment Overview
12.4.3 Financial Updates
12.4.4 Key Developments
12.5 Bosch
12.5.1 Company Overview
12.5.2 Product/Business Segment Overview
12.5.3 Financial Updates
12.5.4 Key Developments
12.6 Ayla Networks Inc.
12.6.1 Company Overview
12.6.2 Product/Business Segment Overview
12.6.3 Financial Updates
12.6.4 Key Developments
12.7 Google, Inc
12.7.1 Company Overview
12.7.2 Product/Business Segment Overview
12.7.3 Financial Updates
12.7.4 Key Developments
12.8 General Electric
12.8.1 Company Overview
12.8.2 Product/Business Segment Overview
12.8.3 Financial Updates
12.8.4 Key Developments
12.9 Oracle Corporation
12.9.1 Company Overview
12.9.2 Product/Business Segment Overview
12.9.3 Financial Updates
12.9.4 Key Developments
12.10 KaaIoT Technologies, LLC
12.10.1 Company Overview
12.10.2 Product/Business Segment Overview
12.10.3 Financial Updates
12.10.4 Key Developments
12.11 SiteWhere LLC
12.11.1 Company Overview
12.11.2 Product/Business Segment Overview
12.11.3 Financial Updates
12.11.4 Key Developments
12.12 Siemens AG
12.12.1 Company Overview
12.12.2 Product/Business Segment Overview
12.12.3 Financial Updates
12.12.4 Key Developments
12.13 Italtel S.p.A
12.13.1 Company Overview
12.13.2 Product/Business Segment Overview
12.13.3 Financial Updates
12.13.4 Key Developments
12.14 Thinger.io
12.14.1 Company Overview
12.14.2 Product/Business Segment Overview
12.14.3 Financial Updates
12.14.4 Key Developments
12.15 WSo2
12.15.1 Company Overview
12.15.2 Product/Business Segment Overview
12.15.3 Financial Updates
12.15.4 Key Developments
List of Tables
Table 1 Global Open IoT Platform Market, by Region, 2019–2025
Table 2 North America: Open IoT Platform Market, by Country, 2019–2025
Table 3 Europe: Open IoT Platform market, by Country, 2019–2025
Table 4 Asia-Pacific: Open IoT Platform market, by Country, 2019–2025
Table 5 The Middle East & Africa: Open IoT Platform market, by Country, 2019–2025
Table 6 South America: Open IoT Platform market, by Country, 2019–2025
Table 7 Global Open IoT Platform Component Market, by Region, 2019–2025
Table 8 North America: Open IoT Platform Component Market, by Country, 2019–2025
Table 9 Europe: Open IoT Platform Component Market, by Country, 2019–2025
Table10 Asia-Pacific: Open IoT Platform Component Market, by Country, 2019–2025
Table11 The Middle East & Africa: Open IoT Platform Component Market, by Country, 2019–2025
Table12 South America: Open IoT Platform Component Market, by Country, 2019–2025
Table13 Global Open IoT Platform Deployment Market, by Region, 2019–2025
Table14 North America: Open IoT Platform Deployment Market, by Country, 2019–2025
Table15
Europe: Open IoT Platform Deployment Market, by Country, 2019–2025
Table16
Asia-Pacific: Open IoT Platform Deployment Market, by Country, 2019–2025
Table17 The Middle East & Africa: Open IoT Platform Deployment Market, by Country, 2019–2025
Table18 South America: Market, by Country, 2019–2025
Table19 South America: Open IoT Platform Market, by Component , 2019–2025
Table20 South America: Open IoT Platform Market, by Deployment, 2019–2025
Table21 South America: Open IoT Platform Market, by Organization Size
Table22 North America: Open IoT Platform Market, by Component
Table24 North America: Open IoT Platform Market, by Deployment
Table25 Europe: Open IoT Platform Market, by Component
Table26 Europe: Open IoT Platform Market, by Deployment
LIST OF FIGURES
FIGURE 1 Global Open IoT Platform Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis of Global Open IoT Platform Market
FIGURE 4 Value Chain of Global Open IoT Platform Market
FIGURE 5 Share of Global Open IoT Platform Market in 2019, by country (in %)
FIGURE 6 Global Open IoT Platform Market, 2019–2025,
FIGURE 7 Global Open IoT Platform Market size by Component , 2019
FIGURE 8 Share of Open IoT Platform Market by Component, 2019 TO 2025
FIGURE 9 Global Open IoT Platform Market size by Organization Size, 2019
FIGURE 10 Share of Open IoT Platform Market by Organization Size, 2019 TO 2025
FIGURE 11 Global Open IoT Platform Market size by Industry Vertical, 2019
FIGURE 12 Share of Open IoT Platform Market by Industry Vertical, 2019 TO 2025
Open IoT Platform Market
Open IoT Platform Market is Anticipated to Reach US$ 59 Billion by 2030 Registering a CAGR of 22%
$59 Billion
Market Size
22%
CAGR
North-America
Dominating Region
2020-2030
Forecast Period
Segmentation
Key Players
- Cisco Systems Inc. (US)
- Bosch Software Innovations GmbH (Germany)
- Siemens (Germany)
- Wipro Ltd. (India)
- Microsoft Corporation (US)
- Google Inc. (US)
- Oracle Corporation (US)
- Amazon.com.Inc. (US)
- SAP SE (Germany)
- Huawei Technologies Co.Ltd.
Drivers
- The increasing demand for cloud storage
- various usages of data like downloading
- transferring
- and uploading main factors of growth of IoT platforms.
Market Overview
The global open (Internet of Things) platform market is estimated to reach up to USD 58.4 Billion by the year with a CAGR of 22%. The rapid growth is caused by a rise in demand for industrial automation among the manufacturing industries.
Primarily, the IoT devices collect data regarding and performance from the sensors. This is done by analytical calculation in a particular network or sharing some data to a cloud platform. The IoT platform can connect with different hardware devices like mobiles, personal computer, laptops, fitness devices, control systems, etc.
There is a high demand for centralised monitoring, cost-effective and intelligent devices, safe, reliable and strong network connectivity, and cloud systems usage. The Open IoT Platform Market will grow at a very rapid rate in the coming few years.
COVID-19 Analysis
The coronavirus or COVID-19 outbreak has largely affected the Open IoT Platform Market. Due to the lockdown for several months, there has been a continuous slowdown that affected businesses worldwide.
Reports say that if the COVID-19 outbreak remains for the upcoming months, the industry will face huge problems due to the unavailability or shortage of necessary materials. It has reduced the growth of the IoT market, mainly among the manufacturing industries.
Several countries have lifted the lockdown, but the numbers of coronavirus cases are still scaring everyone. The Open IoT Platform Market will see a significant rise in the prices and demands of the materials.
Market Dynamics
- Drivers
As per the Open IoT Platform Market Research Report, the significant expansion of the internet connection, usage of mobile handsets, and rise in the new mobile technologies are considered the Iot market drivers. The increasing demand for cloud storage, various usages of data like downloading, transferring, and uploading main factors of growth of IoT platforms.
- Opportunities
Wireless networks will largely dominate the IoT platform. The quality of the 5G network will help the IoT industry to thrive. Many countries have developed various research and development policies, and 5G connectivity will increase the IoT demand.
- Restraints
The spike in the IoT market demand will be beneficial, but it will also increase the fear of breaching the privacy and security concerns among users. Reports say that over 70% of devices that is used in IoT comprise serious security hazards.
- Challenges
The Open IoT Platform Market Research Report says that it will have a huge lack of funds or investments initially. The IoT enhances the manufacturing process and ensures proper usage, reliability, and better returns. Though, initially, the IoT dominated industries require heavy investments at the beginning. The investments will be used for improving the hardware such as sensors, cloud storage, technical assistance and labour.
- Cumulative Growth Analysis
According to Open IoT Platform Market Research Report, the global market of IoT will generate a CAGR of 154.5% during the forecast period of 2019-2025. The global IoT market platform plays a significant role in transmitting their data or connecting the project to the internet. The Iot platforms are the main elements of the IoT, which plays a significant role to connect the virtual world to the real world. It helps to establish communication among various objects, control data flow, application development, etc.
- Value Chain Analysis
The Open IoT Platform Market will boost network connectivity among devices such as sensors, mobile phones, laptops, fitness bands, smart homes, etc. In the next few years, we will be surrounded by Iot led devices such as Iot homes, transportation, etc. On the industrial platform, the devices can also be connected to different machines in the factories and the cameras and sensors to manage effortlessly.
Segment Overview
The Global Open IoT Platform market is divided into several segments: deployment, size, industry, and component.
By Deployment-
- On-Premise
- Cloud
By Component-
- Services
- Hardware
- Software
By Size-
- Small and Medium Enterprises
- Large Enterprises
By Industry-
- Retail
- Manufacturing
- Automotive
- Healthcare
By Application-
- Database Management
- Devise Management
- Processing and Application
- Other various applications
Regional Analysis
The open Iot Platform Market's regional segmentation is divided into three segments. Europe, Middle-East and Africa, South America and Asia-Pacific. According to reports, the IoT market is largely dominated by the North-American region. It is because the people adopt the latest technology at a very early stage than compared to others. Oracle Corporation, Google Inc., and IBM Corporation are the leading companies in the Iot market.
The Asia-Pacific region is expected to reach the highest CAGR in the forecast period (2019-2025). It is because global leading companies like Ericsson and Samsung having a strong presence in this region. One of the major factors for the rapid growth of the open Iot platform market in Asia-Pacific is that the population adopt smart devices earlier than in other regions.
The European region holds the second-largest share in the open Iot Platform Market. This region has highly invested in this field for research and development. It plays a crucial role in the enhancement and development of Iot technologies and necessary services.
The IoT platform is gradually rising in the Middle East and African region. According to GlobalData, various stakeholders identify the key areas for improvement as the IoT platform is still in the early stages under these regions. In upcoming years, Africa and the Middle East will be the fastest region to generate IoT after Asia.
Competitive Landscape-
The open IoT platform market has emerged as a highly competitive market due to various market key players worldwide. The companies use various market strategies to improve the service and maintain their position in the global market.
Cisco system has emerged as one of the key market players in the open IoT market platform research report. It has been providing various services such as retail, transportation, manufacturing, etc. Companies have invested a large amount in research and development to improve its services and provide solutions to 67,000 growing businesses worldwide.
Here are some of the key market players of open IoT market platform-
- Cisco Systems Inc. (US)
- Bosch Software Innovations GmbH (Germany)
- Siemens (Germany)
- Wipro Ltd. (India)
- Microsoft Corporation (US)
- Google Inc. (US)
- Oracle Corporation (US)
- Amazon.com.Inc. (US)
- SAP SE (Germany)
- Huawei Technologies Co.Ltd.
- Intel Corporation (US)
- PTC Inc. (US)
Recent Developments
In October 2020, ZEISS and Microsoft collaborated to provide better healthcare services to improve service and manufacturing quality. ZEISS and Microsoft will focus on providing management solutions, energy-efficient microchips, improved treatments, etc.
In November 2018, Amazon Web Series Inc. introduced AWS IoT SiteWise that gives managed service for different industrial facilities. The company collects the data, labels them, and produces key performance indicators (KPI).
IBM Corporation, in September 2018, introduced a developed version of Watson, which is also an IoT platform. It was built to improve its already existing IoT connection Service.
Report Overview-
The report provides an overview of the same as-
- Market Overview
- COVID-19 Analysis
- Market Dynamics
- Value chain analysis
- Regional analysis
- Segmentation of Market
- Competitive Analysis
- Key Market Players and Recent Developments
The report provides information and analysis of the future aspects and development of the market. Open IoT Platform Market Research Report - Global Forecast till 2025 also provides information of key players dominating the market.
Segmentation Table-
By Components
- Solutions
- Services
By Deployment
- Cloud
- On-Premise
By Solutions or Applications
- Surveillance
- Application management
- Device Management
- Data Management
By User-End Industry
- Manufacturing
- Healthcare
- Automotive
- Other industries
- Retail
By Region
- Europe
- North America
- Asia-Pacific
- Middle East Latin America
Frequently Asked Questions (FAQ) :
Global open IoT platform market is projected to grow at approximately 22% CAGR during the assessment period (2021-2030).
The valuation of the global open IoT platform market is estimated to increase to USD 58.4 BN by the end of 2030.
Reduction in cost of connected devices and constant improvement in technology are major tailwinds pushing the growth of the global open IoT platform market.
North America holds the largest share in the global open IoT platform market, followed by Europe and Asia Pacific region, respectively.
IBM Corporation (US), The ThingsBoard Authors (US), Microsoft Corporation (US), Bosch (Germany), Samsung (South Korea), Ayla Networks Inc. (US), General Electric (US), Google, Inc (US), Oracle Corporation (US), SiteWhere LLC (US), KaaIoT Technologies, LLC. (US), Siemens AG (Germany), Thinger.io(Europe), Italtel SpA (Italy), and WSo2 (US), are some of the top players operating in the global open IoT platform market.
