Internet of Things (IoT) for Technology Platforms
Summary: The market for third-party commercial “Internet of Things” (IoT) platforms is rapidly growing. The Market for these software-based platforms, estimated to be $REDACTED million globally in 2017, is expected to grow at a healthy REDACTED% annualized growth rate and exceed $REDACTED billion globally by 2023. Three different categories of IoT platforms have been designed to address diverse needs: device management and controls (Device Management Platforms), applications (Application Enablement Platforms) and network control centers for communication between devices and backend systems (Network Connectivity Management Platforms). In their initial stages of development, most IoT platforms provided one of the above capabilities, but with technology advancement there has been a gradual pivoting of most vendors to horizontal, module based platforms which can be a complete integrated end-to-end solution. Research predicts that this trend will continue to grow as demand for niche...