Global IoT API Markets Report 2023-2028: Access to IoT Platforms, Devices, Gateways, and More - Major IoT API Data Source Segments Include Smart Systems and Ambient Systems
DUBLIN, Jan. 26, 2023 /PRNewswire/ -- The "IoT API Market by Category, Solutions, and Deployment Model in Industry Verticals 2023 - 2028" report has been added to ResearchAndMarkets.com's offering.
This research assesses the market challenges and opportunities associated with development and support of IoT APIs. The report evaluates leading companies, solutions, technologies, and use cases.
The report also analyzes the role of IoT APIs in support of key functional components of the IoT Ecosystem including Identity Management, Mediation, and other operational support functions. The report includes detailed forecasts for IoT API revenue globally, regionally, and by industry verticals for the period 2023 to 2028.
Application Programming Interfaces (API) represent a set of requirements that describes how applications should communicate in a systematic manner. APIs are important in the IoT world for the same reason that they are important in general - they provide a means of decoupling functionality from platforms. In other words, one is not married to an IoT platform with APIs.
The Internet of Things (IoT) is anticipated by many to have great potential to deliver business value. Billions of devices generate data associated with various enterprise and consumer lifestyle events such as shopping activity, utility usage and other smart grid data, advertisement response, status of goods in transport, weather forecasts, traffic conditions, vehicle maintenance, public transport, downloads and usage of applications, and much more.
IoT APIs are the cornerstone of signaling, communications, and data exchange. This is arguably critically important in the case of database access for various transactions. The prudent use of APIs provides operational flexibility, scalability, and enhanced opportunities for new application and service deployment. APIs will become table stakes for IoT interoperability between platforms, devices, and gateways. Moreover, IoT APIs will become a critical part of major IoT application and service developer programs.
We see an especially important role for IoT APIs in the support of signaling, communications, and information exchange between certain key authoritative databases including Identity Database (IDDB), Permissions Database, and Device Discovery Database. Each of these databases will be accessed via IoT APIs in support of the IoT Mediation function necessary for the long-term scalability of IoT networks and systems. Furthermore, IoT APIs will be at the foundation of data interchange in the emerging IoT Data as a Service (IoTDaaS) marketplace.
Select Report Findings
1 Executive Summary
2 API Management
3 API Management Tool Providers and Solutions
4 IoT API Market Drivers
5 Monetizing IoT APIs
6 IoT API Forecasts 2023 - 2028
IoT API Solutions
For more information about this report visit https://www.researchandmarkets.com/r/t6dktc-api-market-by?w=5
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