Global Open IoT Platform Market Growth (Status and Outlook) 2023-2029

Global Open IoT Platform Market Growth (Status and Outlook) 2023-2029

IoT involves extending Internet connectivity beyond standard devices, such as desktops, laptops, smartphones and tablets, to any range of traditionally dumb or non-internet-enabled physical devices and everyday objects. Embedded with technology, these devices can communicate and interact over the Internet, and they can be remotely monitored and controlled.

LPI (LP Information)' newest research report, the “Open IoT Platform Industry Forecast” looks at past sales and reviews total world Open IoT Platform sales in 2022, providing a comprehensive analysis by region and market sector of projected Open IoT Platform sales for 2023 through 2029. With Open IoT Platform sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Open IoT Platform industry.

This Insight Report provides a comprehensive analysis of the global Open IoT Platform landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Open IoT Platform portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Open IoT Platform market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Open IoT Platform and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Open IoT Platform.

The global Open IoT Platform market size is projected to grow from US$ 10590 million in 2022 to US$ 52590 million in 2029; it is expected to grow at a CAGR of 25.7% from 2023 to 2029.

The number of IoT devices increased 31% year-over-year to 8.4 billion in the year 2017 and it is estimated that there will be 30 billion devices by 2020. The global market value of IoT is projected to reach $7.1 trillion by 2020.

This report presents a comprehensive overview, market shares, and growth opportunities of Open IoT Platform market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Software
Hardware

Segmentation by application
SMEs
Large Enterprises

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Amazon Web Services
IBM
Microsoft
Samsung
Bosch
Ayla Networks
Google
General Electric
Oracle

Please note: The report will take approximately 2 business days to prepare and deliver.