Description

The Internet of Things (IoT) extends Internet connectivity beyond traditional devices like desktop and laptop computers, smartphones, and tablets, to other devices that use embedded technology to communicate and interact over the Internet.

IoT platforms are the building blocks of IoT solutions, offering multiple services such as application enablement, device management, and connectivity management.

The IoT platform market is highly fragmented, with more than 700 companies touting themselves as IoT platforms. Some are focused on managing certain IoT applications; others manage a range of devices in certain vertical markets. Choosing the right platform for an enterprise is an essential step not only because of the initial deployment requirements, but also in terms of capabilities and flexibility to support future needs.

For this report, Frost & Sullivan includes a wide range of platform providers:
o Cloud providers that provide Enterprise Management solutions to enterprises and are as such the default IoT platform to enable seamless integration with existing enterprise applications.
o Hardware companies (both hardware manufacturers and chipset companies) that have expanded into providing software and services, either by themselves or through their partners.
o Telecommunication companies that are “moving up the stack” to provide services in addition to connecting and managing devices on their networks.
o Pure-play platform developers that are focused on integrating emerging technologies and integrating their technology with cloud service providers to target customers through an integrated sales channel.

The base year of the revenue market sizing is 2020, with forecasts until 2025. The study is broken out by application: IoT-Connectivity and Device Management Platforms, IoT-Data Management Platforms, IoT-Application Management Platforms and IoT-Infrastructure / IaaS Backend Management Platforms. By region: North America, Asia-Pacific, Europe, the Middle East and Africa, and Latin America. And by vertical: Banking and Financial Services, Retail, Government, Manufacturing, Transportation, Utilities and Others.

The key growth opportunities on this market are also presented, with a qualitative analysis and call to action.

Author: Renato Pasquini