Technology Platforms for the Internet of Things (IoT)
NEW YORK, Oct. 18, 2018 /PRNewswire/ -- Report Scope:
This report analyzes the market for third-party commercialized IoT software platforms and discusses how the IoT technology market will evolve as well as the trends impacting its adoption. Platforms based on pure hardware solutions and chipsets are not included in this report.
Read the full report: https://www.reportlinker.com/p03944190
This BCC Research study was conducted with a global perspective in terms of the IoT platforms technology and their applications. Market projections have been conducted for five geographic regions (North America, South America, Europe, Middle East & Africa and Asia-Pacific) and all market revenues reported are in constant 2017 U.S. dollars.
The report contains:
- An in-depth analysis of the market for technologies used in IoT platforms.
- New developments and recent standards for IoT solutions that will impact the development of future IoT platforms.
- Current and potential applications for IoT platforms.
- Current and future market projections for IoT platforms.
- Profiles of current industry players including platform vendors.
- An overview of IoT standards consortiums, service provider partnerships, important acquisitions and venture capital funding.
- A review of market opportunities for current industry participants as well as new entrants.
Report Includes:
- 37 tables
- An overview of technology platforms for the internet of things (IoT)
- Analyses of global market trends, with data from 2016, 2017, 2018, and projections of compound annual growth rates (CAGRs) through 2023
- An overview of new developments and recent standards for IoT solutions that will impact the development of future IoT platforms
- A look at the current and potential applications for IoT platforms
- Coverage of application enablement platforms, device management platforms, connectivity management platforms, and sensor data management platforms in the IoT market
- Evaluations of trends, such as venture capital funding, key acquisitions, and partnerships
- Company profiles of industry players, including, General Electric, Huawei, Machine 2 Machine Intelligence Corp. (M2mi), Vodafone, and Oracle Kore Wireless
Summary
The market for third-party commercial "Internet of Things" (IoT) platforms is rapidly growing.Themarket 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. BCC Research predicts that this trend will continue to grow as demand for niche IoT paltforms that can address the unique needs of some of the larger IoT projects namely in the smart cities and digital healthcare segment will grow in the coming years.
The application of these platforms is widespread within the business and industrial IoT platform markets.Some of the key application segments that have grown their adoption of IoT platforms include healthcare, automotive, fleet management and smart city initiatives by local governments.
The enterprise and public sector segments are the largest customers of these platforms with each contributing to almost REDACTED% of the IoT platform market demand in 2017. These end use segments are largely driven by the need for ready-to-deploy solutions that can handle the complexity of multi-device,multi-location IoT projects.
The market for third party IoT device, data and application management platforms has evolved from its initial adoptor phase (2012-2016) and maturing in terms of their technology and capabilities. The market is now gradually moving from a 'new concept' phase towards a broader 'need fulfillment' stage.
Read the full report: https://www.reportlinker.com/p03944190
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