Open IoT Platform Market Research Report - Global Forecast till 2030

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%

Segmentation

By Component Hardware Software Service [Professional Services Managed Services
By Deployment Cloud [Public Cloud Private Cloud Hybrid Cloud] On Premise
By Organization Size Sm Es Large Enterprise

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.
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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-



  1. Market Overview

  2. COVID-19 Analysis

  3. Market Dynamics 

  4. Value chain analysis

  5. Regional analysis

  6. Segmentation of Market

  7. Competitive Analysis

  8. 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



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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.