IoT Platforms & Software

IoT platforms are the central piece in the Internet of Things architecture that connects the real and the virtual worlds to enable communication between objects, manage the data flows, support application development and provide basic analytics for connected IoT devices.

Market Reports: IoT Platforms & Software

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Latest Insights: IoT Platforms & Software

Predictive Maintenance initiatives saved organizations $17B in 2018, as the number of vendors surges

Jun 20, 2019

UPDATE: Please follow this link to re ANNOUNCEMENT: Hamburg, Germany - 20th June 2019 // IoT Analytics, a leading provider of market insights & competitive intelligence for the Internet of Things (IoT), M2M, and Industry 4.0, today published a comprehensive 136-page market report on the current state of Predictive Maintenance (PdM), titled “Predictive Maintenance Report 2019-2024”. Some of...

Industrial IoT Platforms for Manufacturing market to become a $12.4B opportunity by 2024, driven by deployments in discrete manufacturing environments

Apr 30, 2019

PRESS RELEASE: Hamburg, Germany - 30 April 2019 // IoT Analytics, a leading provider of market insights & competitive intelligence for the Internet of Things (IoT), M2M, and Industry 4.0, today published a comprehensive 155-page market report on Industrial IoT Platforms for Manufacturing 2019-2024. The research uncovers that the Industrial IoT Platforms market is accelerating in 2019 as more...

Selecting the right IoT Platform: 3 best practices you should adopt

Oct 10, 2018

IoT Platform selection: The importance of getting it right Several thousands of enterprises are currently performing their first IoT projects – whether its smart factory, connected car, or smart energy – most of them now consider using a modular IoT software platform to manage the data flows, support application development and provide basic analytics. This promises lower cost, faster time...

State of the IoT 2018: Number of IoT devices now at 7B – Market accelerating

Aug 8, 2018

IoT Analytics has now raised its forecast for the number of connected IoT devices in 2025. The new updated article can be read here. Market Update The market for Internet of Things has seen a somewhat unexpected acceleration in Q1/Q2 2018 and has lifted the total number of IoT devices that are in use to 7B. This is one of many findings in IoT Analytics’ latest “State of the IoT & Short-term...

How to stand out as an IoT Platform Vendor

Aug 1, 2018

Competitive intensity is high in the fragmented IoT Platforms market. With more than 450 companies competing for market share, it can be difficult to differentiate offerings from competitors, especially for smaller players. This has resulted in 90% of IoT Platforms generating less than $10M in revenue in 2017. When analyzing marketing messages by IoT Platform vendors, it shows that these are...

Microsoft and PTC named leading IoT Platform vendors for Cloud and AEP, respectively, as growth in the IoT Platforms Market accelerates to 39%

Jun 26, 2018

PRESS RELEASE: Hamburg, Germany - 26 June 2018 // IoT Analytics, a leading provider of market insights & competitive intelligence for the Internet of Things (IoT), M2M, and Industry 4.0, today published two comprehensive market report updates on IoT Platforms: A. A 193-page report titled IoT Platforms Market Report 2018-2023B. A 450 page in-depth analysis of 20 leading vendors, titled IoT...

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Our View On IoT Platforms & Software

IoT platforms are the central piece in the Internet of Things architecture that connects the real and the virtual worlds to enable communication between objects, manage the data flows, support application development and provide basic analytics for connected IoT devices.

Five types of IoT Platforms are defined:

1. Connectivity Platforms

… offer coverage capabilities and solutions for connecting the IoT device, managing and orchestrating connectivity, and provisioning communication services for connected IoT devices.

2. Device Management Platforms

… handle provisioning tasks to ensure connected devices are deployed, configured, and kept up-to-date with regular firmware/software updates.

3. IaaS / Cloud Backend Platforms

… offer a scalable enterprise grade backend for data management of IoT applications and services.

4. Application Enablement Platforms (AEPs)

… enable developers rapidly create, test, and deploy an IoT application or service.

5. Advanced Analytics Platforms

… offer sophisticated analytics tools including machine learning techniques and streaming analytics capabilities to extract actionable insights from IoT data.

Our Lead Expert

Matthew Wopata

Principal Analyst

Matthew is a principal analyst based in the USA, focusing on industrial technologies. He is IoT Analytics’ lead expert for Industrial IoT, including Industry 4.0 and Industrial Software.