Internet of Things (IoT) ecosystem is a vast and diversified area that comprises hardware vendors, platform providers, service providers, and connectivity providers. Every component plays a vital role in the ecosystem and each vendor is responsible for providing necessary components for Industrial IoT. Browse the Complete Report: " Industrial IoT Market " For instance, the vendors are responsible for providing hardware, platform, services, and connectivity. Hardware is responsible for carrying out data recording and providing means of communication. Similarly, the connectivity and services have their own vital role. When all of these components work together in synchronization and harmony, an ecosystem is formed. For instance, a company providing semiconductor component for a hardware is not directly involved with IoT, but is a part of the IoT ecosystem. The main difference underlying IoT ecosystem and platform is their functionalities. An IoT platform is responsible ...