Competitive Landscape: IoT Platform Vendors

Businesses have been adopting Internet of Things technologies more actively, so the need for high-quality IoT platforms is also increasing. Oracle Cloud is an easy-to-deploy platform, and has complete documentation for the development team. Two years ago, we identified 620 IoT platform companies globally on the open market (up from 450 companies identified in 2017). Uptake, an analytics platform which was founded in 2014, achieved the impressive funding round of $90M in Series B.

The most
positive word describing IoT Edge Platforms is “Easy to use” that is used in 2% of the
reviews. The most negative one is “Expensive” with which is used in 1.00% of all the IoT Edge Platforms
reviews. These are the number of queries on search engines which include the brand name of the solution.

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It connects, integrates and leverages data from a myriad of sensors and systems. This cloud-based platform-as-a-service framework supports commercial and industrial solutions suited to a variety of vertical industries, including food services, appliances and manufacturing. Ayla Agile IoT Platform addresses edge connectivity, device management, data aggregation and processing, and enhanced security functions. Both AWS and Microsoft continue to add new capabilities to their growing portfolios of IoT platform services.

iot platform vendors

While keeping up with the technological requirements of new devices, vendors should be able to offer useful insights from the data collated so far. In simple words, an IoT platform is where all the tools and services of your smart devices are connected. So, basically, https://www.globalcloudteam.com/ IoT platforms are mediators in the relations of hardware and network solutions. Siqsess LLC is a service company offering product and software application development services for the logistics, healthcare, agriculture, manufacturing, retail, and financial industries.

IBM Watson IoT

It particularly appeals to those with limited budget, those looking to avoid vendor lock-in or those with the desire to maintain maximum control over their solution (obviously with certain downsides). The Kaa project initially started as an IoT platform project inside CyberVision, a software engineering and consulting company. After 4 years of development, in 2016, the senior management parted ways and established an independent company, KaaIoT Technologies, focusing on the open source IoT Platform. IoT platform vendors should be proud of their customer successes and use these to aggressively promote the business. Highlighting case studies based on actual experiences and deployments are the key to credibly promote a platform’s strengths. This information is important for new customers, who want to hear about tangible experiences from using the platform, rather than just marketing information.

You need to ensure the IoT platform allows seamless integrations with open source tools and facilitates integration with third-party services and solutions. When you choose an IoT vendor, you need to ensure it’s flexible when it comes to aligning its technologies with your legacy architecture. As such, it should not pose limitations, and it should be easier to deploy without causing any delays.

Oracle IoT Cloud

The IoT ecosystem is thriving, and it will soon become the Internet of Everything. As mentioned earlier, 26 billion devices will be connected to the internet by 2020. Enterprises will need to work with these connected smart devices to accelerate their businesses effectively. While the budget and cost of ownership with a build-versus-buy aspect have been a key criterion in the decision-making process, other criteria that we discussed above are equally important, if not more.

I/O Technologies Inc is a provider of IoT services for commercial and business applications. It also offers website and software development services, as well as 24/7 support. As much as the first aspect (partner ecosystem) and third aspect (Leadership commitment) are most applicable to large IoT platform vendors, this aspect is rather applicable to small IoT platform vendors. Small vendors have the chance to stand out with an offering that is tailored to one specific customer need, one specific industry or that embraces one specific business model. By doing so, those platforms will likely not appeal to the masses but if done right, it will earn them a spot to pitch their solutions to a small set of highly interested customers. Sierra Wireless, part of Semtech, offers managed IoT connectivity services and IoT modules.

Definition of an IoT platform

ScienceSoft USA Corporation, of Mckinney, TX, is a service company for IT services such as app development, data analytics, cloud platforms, messaging, and more. Their focus on cybersecurity and safety allows them to meet HIPAA, ACA, and many more safety standards, and they are among the top 10 fastest-growing data analytics companies today. Their IoT initiative provides consulting, full-cycle development, analytics, management, and more. IoT Device Management Platforms, sometimes referred to as “connected devices platforms”, allow businesses to remotely manage their fleets of Internet of Things (IoT) devices.

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  • Furthermore, there are 21 companies whose platform is no longer available after having been acquired.
  • For more information about IoT Analytics’ privacy practices, please refer to the privacy statement on the main website.
  • Evaluate 13 services based on
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  • Using algorithms that assess and project conditions on a minute-by-minute basis, 75F systems bring together hardware and software to control and optimize environmental factors like light, heat and air conditioning.
  • IoT data platforms offer a jumping-off point by combining many of the tools needed to manage a deployment from device management to data prediction and insights into one service.

GE Digital serves several industries, including aviation, utilities, life sciences and manufacturing. Among the company’s products and services is the Predix industrial IoT platform with functions that support the workflows of multiple GE Digital applications. Memfault operates a cloud-based platform that monitors and remotely de-bugs connected IoT smart devices. Sensus, a Xylem brand company, has an IoT smart city vertical with multiple solutions under it ranging from Advanced Metering Infrastructure, Automatic Meter Reading, Leak Management, Data Analytics, Lighting Control, etc. Sensus’s solutions collect data related to advanced metering infrastructure, automatic meter reading, billing, and consumption and assist customers on how to enhance their technologies and communication networks. The company serves a wide range of public service providers from utilities and cities to industrial complexes and campuses.

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All these parameters should comply with your company strategy and budget. Ayla’s platform provides many features out of the box, and is a platform that is continuously being enriched with new features and capabilities. The team at Ayla is very friendly and is always ready to listen to their customers and act on the feedback and roadmap iot platform vendors asks. I have found th software to be a powerful tool for managing and analyzing large amounts of IoT data. The platform is highly customizable, allowing for easy integration with a variety of IoT devices and sensors. The number of IoT platforms might have stopped growing, but the size of the market has still increased substantially.

iot platform vendors

Pricing models, standards, cloud connectivity and elasticity, system flexibility and security methods vary greatly. Some platforms excel at connecting sensors while others are focused more on communications and data processing. These reports offer more in-depth insights on the IoT platforms market and competitive landscape. 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.

IoT Cloud Platform Landscape

75F develops and manufactures IoT-based automation for building systems like HVAC and lighting that increase energy efficiency, reduce costs and increase comfort. Using algorithms that assess and project conditions on a minute-by-minute basis, 75F systems bring together hardware and software to control and optimize environmental factors like light, heat and air conditioning. IoT is about gathering data from physical devices and transferring it to digital space for further analysis. Cloud computing is purely about data processing, delivery and storage. These are two different technologies that complement each other, resulting in efficient solutions. An IoT platform is a unique tool that will provide continuous monitoring of all your assets, be it vehicles, manufacturing equipment, livestock, or anything else.

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