With dramatic increases in IoT rollouts expected in the coming years, open source software is becoming a critical development pathway for this technology.
Worldwide IoT spending is projected to surpass $1 trillion in 2020, with annual growth of 15 percent over the next several years, according to market researcher IDC. IoT solution development benefits from a wide variety of advances across IT including the cloud, big data, mobile, social, and open source.
The Internet of Things (IoT) is having a profound impact on producers and consumers of solutions where technology is a component of the value chain. Any device that has access to power can be made intelligent, which opens the door for innovation on levels we are just now beginning to comprehend. The IoT market today is characterized by intelligent systems that involve sensors, data collection, data movement, analytics, decisions, actions, management, and automation that can scale to massive levels.
With IoT solution development rapidly accelerating, enterprises are actively investing in tools and technology to improve their productivity and efficiency in building these IoT solutions. The growth in IoT solutions is simultaneously driving high growth in IoT tools as enterprises search for tools to develop, deploy, and manage IoT products and services.
An important transformation that has been taking place in the market for application development and deployment (AD&D) tools is the transition to open source software. Interest in open source software has gained tremendous momentum over the last decade, and every leading software vendor has made open source a priority.
To better understand the relationship between open source software and IoT solution development, RTInsights recently surveyed IT decision-makers at large and very large enterprises. Download our report on the results here.