IoT Platforms & Software

In short IoT software spending reached $53 billion in 2022 and continues to grow strongly. The latest IoT Software Adoption Report 2023 highlights the top 100+ IoT software vendors used today based on an extensive survey of IoT users. The most common IoT software companies include Microsoft, AWS, Siemens, IBM, Cisco, Oracle, PTC, and MongoDB. Why it matters Software is an essential element of...

Research findings from an analysis of 100 digital twin projects The 6 main Digital Twin applications In short The market for digital twins expanded by 71% between 2020 and 2022. 63% of manufacturers are currently developing a digital twin or have plans to develop a digital twin. The latest Digital Twin Market Report 2023–2027 highlights the six main digital twin applications today: system...

In short The three large hyperscalers collectively hold ~80% of the global IoT public cloud market.IoT is of high strategic importance to both Microsoft and AWS, while Google does not prioritize it as much. Why it matters Hyperscalers offer a large number of services in the public cloud that form the backbone of many IoT initiatives. The three leading global hyperscalers (AWS, Microsoft, and...

The global public cloud market (hyperscaler IaaS and PaaS) reached $157 billion in 2021, according to our recently released Cloud Computing Market Report 2021–2026. The cloud market is dominated by three US-based firms that have seen their revenues grow at high double digits for years, with 2021 being no exception. Among the leading firms, both Google Cloud and Microsoft Azure reported 2021...