NEW YORK, Nov. 17, 2016 /PRNewswire/ -- IoT Platforms and Software is the second strategy report from Berg Insight analysing the latest developments on the M2M connectivity management, device management and application enablement platform markets.
This strategic research report from Berg Insight provides you with 200 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.
Highlights from this report:
360-degree overview of the M2M/IoT ecosystem.
Summary of the latest industry trends and developments.
Updated in-depth profiles of key players in the M2M/IoT platform market.
Reviews of the market strategies of leading platform vendors.
Perspectives on the evolution from vertical M2M solutions to the broader scale and scope of the IoT.
Extensive global market forecasts lasting until 2021.
What are the latest trends on the IoT platforms market?
The world of machine-to-machine (M2M) communication is gradually moving from vertical, single purpose solutions to multi-purpose and collaborative applications interacting across industry verticals, organisations and people – the Internet of Things (IoT). The use of the new term IoT suggests a transition in the evolution of connected devices, with accelerating scale and scope, as well as higher focus on interoperability. M2M often signifies customised solutions deployed within single industry verticals or by one company to improve existing business operations. IoT puts more emphasis on integration of sensors, devices and information systems across industry verticals and organisations to transform operations and enable new business models. IoT focuses on gaining new insights from analytics based on data from diverse sources to support decision making, and improve and create entirely new products and services.
There is a wide range of software platforms available, intended to reduce cost and development time for IoT solutions by offering standardised components that can be shared across many industry verticals to integrate devices, networks and applications. These third party IoT platforms are relatively new in the market and display a great diversity in terms of functionality. Broadly speaking, most IoT platforms fall into one of the following three categories: connectivity management platforms, device management platforms and application enablement platforms. Berg Insight estimates that total revenues for third party IoT platforms will grow at a compound annual growth rate (CAGR) of 30.8 percent from € 610 million in 2015 to € 3,050 million in 2021. This growth is driven by an increase in the number of companies adopting third party platforms for a growing number of projects that gradually expand from pilots and initial rollouts to full deployments. Over time, many companies will also migrate existing proprietary M2M/IoT solutions to third party platforms.
Connectivity management platforms facilitate the delivery of data communication services on communication networks. Features like private APNs, fixed IP addressing and secure VPNs offer more flexibility and better reliability. Device and subscription management features like automated provisioning, activation/deactivation, as well as activity reporting provide improved visibility and control. Several mobile operators still use proprietary connectivity platforms developed in-house, while other operators have adopted third-party solutions from vendors such as Cisco Jasper and Ericsson. Many companies deploying IoT solutions choose to buy connectivity services from IoT managed service providers like Aeris Communications, KORE Telematics and Stream
Technologies. A key differentiator for IoT managed service providers versus mobile operators is the ability to aggregate multiple networks and thus provide superior area coverage, multi-domestic footprints and multitechnology connectivity.
This report answers the following questions:
Which trends and developments are shaping this market?
What are the benefits of using third party M2M/IoT platforms?
Who are the leading providers of M2M connectivity, device management and application enablement platforms?
What are the main drivers behind the adoption of M2M/IoT platforms in major industries?
What are the key features of the application enablement platforms available today?
Which mobile operators have deployed M2M connectivity platforms?
What is the potential market size for third party M2M/IoT platforms?
Read the full report: http://www.reportlinker.com/p04050390-summary/view-report.html
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: email@example.com
Intl: +1 339-368-6001
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/iot-platforms-and-software-2nd-edition-300365604.html