- Market forecast from 2015 to 2021 by region and by segment
- Market shares of leading companies
- 12 detailed company profiles
- Industry trends analysis
- M&A and funding analysis
- How the market (revenue) is developing in 46 countries in the world
- How the market (revenue) is developing in 10 key segments (Connected car, Connected health, Home, Manufacturing, Other, Public services, Retail, Smart city, Supply Chain, Wearables)
- Who the emerging 15 market leaders are (market share)
- How IoT platforms are being implemented today (7 use cases)
- What the 5 current main trends are
- How the 12 leading IoT Platforms compare (not included in Standard License)
- Rationales of the latest M&A transactions
- Relevant Startup funding rounds
AT A GLANCE
The fast-growing IoT Platform market continues to exhibit strong momentum as businesses accelerate their transformation into IoT data-driven companies. This momentum is driving strong growth in IoT Platform-related hardware, software and integration services for connected business solutions.
This study outlines the $1.6B IoT Platform market by region, segment, and platform provider. It examines (expected) revenue of the leading IoT Platform providers in greater detail across 10 vertical-industry segments and 7 regions with deep dives into North America, Europe and Asia.
To better understand the market players 12 of the top IoT platform providers are profiled, corresponding market share is estimated and 90 other notable contenders are outlined. The study also describes the top 5 trends affecting IoT platforms and 7 leading use cases and how the fast growing market is being transformed by increasing M&A and funding activity.
IOT PLATFORM DISAMBIGUATION
The term “IoT Platform” is often used ambiguously.
This report focuses on IoT application enablement platforms (AEPs). IoT application enablement platforms are used to build IoT solutions and typically consist of elements such as Device connectivity & normalization, device management, database, processing & action management, analytics, visualization, additional tools, and external interfaces.
The following types of platforms are NOT CONSIDERED an IoT platform (and are not part of this report):
- Connectivity / M2M platforms. Platforms that enable the management of SIM-cards or similar connectivity solutions without focusing on the application enablement for the actual IoT data.
- IaaS backends. Infrastructure-as-a-service backends that solely focus on the hosting and processing of applications and services.
- Hardware-specific software backends. Platforms that support just one proprietary type of IoT device that are not targeting external customers.
- Consumer/Enterprise software extensions. Existing enterprise software packages and operating systems such as Microsoft Windows 10 are currently not classified as full-scale IoT platforms even though these systems are increasingly allowing the integration of IoT devices.
The report aims at estimating the market size and future growth potential of the IoT Platform market across different segments, regions and platform provider market share. The years considered for the study are:
- Historical Year - 2014
- Base Year - 2015
- Forecast Period - 2016 to 2021
For company profiles in the report, 2015 has been considered as a base year. Where information was unavailable for the base year, the prior year has been considered or market estimates.
This research study involves the usage of extensive desk research of online sources, directories and databases freely available to public to identify and collect information useful for this comprehensive market research study on the IoT platform market.
The primary sources are mainly various industry experts from core and related industries, such as both leading & Startup IoT platform vendors, IoT system integrators & administrators, connected product solution experts and customers from companies and organizations related to all segments of the IoT platform market value chain.
In-depth interviews were conducted with various primary respondents that include key industry participants and subject-matter experts to obtain and verify critical qualitative and quantitative information as well as to assess future prospects.
KEY TARGET AUDIENCE/STAKEHOLDERS
- IoT Platform providers
- Application enablement platform vendors
- IoT solution companies
- Connected product industry suppliers
- Mobile network / Communication service operators
- System integrators
- OT/IT developers for the Internet of Things
- IoT Third-party vendors
- Regulatory and compliance agencies
SCOPE OF THE REPORT
The research report segments the IoT Platform market to the following submarkets:
By platform provider:
- 15 leading platform provider companies
- 90 notable platform provider companies
- Smart Home
- Wearables (Non-health)
- Connected Car
- Connected Health
- Supply Chain
- North America
- Asia-Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America
- Rest of World (RoW)
1. Industry Overview
1.1 The role of IoT platforms within the Internet of Things.
1.2 IoT platforms: A new market segment – not just a natural evolution.
1.3 The role of IoT platforms in overall IoT solutions.
1.4 Technology: The 8 major building blocks of an IoT platform.
1.5 Market segmentation: 3 lenses to look at IoT platforms.
1.6 Seven leading IoT platform use cases demonstrate the value of IoT platforms.
2. IoT Platform Market Analysis
2.1 Market characteristics overview
2.2 Market size & growth: A $1.6B market by 2021
2.3 Market size by segment: Manufacturing leading the way
2.4 Market share of platform provider companies: PTC emerging as overall leader
2.5 Market size by geography: USA biggest single-country market
3. IoT Platform Companies: Strategies & Profiles
3.1 Market entry: 4 major strategies to enter the IoT platforms market
3.2 Company profiles and SWOT analysis of 12 leading IoT platforms.
3.3 M&A: Acitivity is picking up
3.4 Funding: IoT Platform startup funding exceeding $450M
3.5 Main billing/pricing structures: Building on the freemium model
3.6 IoT platform provider’s internal structure and partner relationships.
4. Innovation & Trends
4.1 IoT platform innovation.
4.2 The top 5 trends in the IoT platforms market.
4.3 Major obstacles for further market expansion
5. Methodology & Definitions
List of Exhibits
Exhibit 1: Central building blocks of IoT – IoT platforms are part of the central software backend in the IoT infrastructure.
Exhibit 2: Cloud Native Application Development in IoT Platforms
Exhibit 3: Simplified IoT Project Timeline – Developing your own (medium complex) IoT project could easily double time-to-market.
Exhibit 4: The eight major building blocks of an IoT Platform (Source IoT Analytics)
Exhibit 5: IoT Platform Technology Levels – From the IoT connectivity platform (level 1) to the full-scale platform (level 3)
Exhibit 6: IoT Platform Market Size Forecast 2015 – 2021
Exhibit 7: IoT Platform Market Size by Segment 2015 – 2021
Exhibit 8: IoT Platform Market Share by platoform provider/companies in 2015
Exhibit 9: IoT Platform Market Size by Geography 2015 – 2021
Exhibit 10: IoT Platform Market Size Deep-dive Forecast for Asia 2015 – 2021
Exhibit 11: IoT Platform Market Size Deep-dive Forecast for Europe 2015 – 2021
Exhibit 12: IoT Platform Market Size Deep-dive Forecast for North America 2015 – 2021
Exhibit 13: Leading IoT Platform companies for the major IoT segments
Exhibit 14-25: Company Profiles – Top 12 leading IoT Platform companies
Exhibit 26: IoT Platform M&A Activity
Exhibit 27: IoT Platform Funding Activity
Exhibit 28: IoT Platform Billing/pricing Models
Exhibit 29: Fog Computing – Top 5 IoT Trends
Exhibit 30: IoT Security – Top 5 IoT Trends
Exhibit 31: IoT Analytics bridges the gap from data to insights – Top 5 IoT Trends
Exhibit 32: IoT Standards are continuosly evolving – Top 5 IoT Trends
Exhibit 33: IoT Interoperability will fuel an ecosystem – Top 5 IoT Trends
List of Tables
Table 1: List of 90 notable IoT Platforms
Table 2: IoT Platform market by Segment
Table 3: IoT Platform market by Region - North America
Table 4: IoT Platform market by Region - Europe
Table 5: IoT Platform market by Region - Asia
Table 6: IoT Platform market by Region - Middle East Africa
Table 7: IoT Platform market by Region - South America
Table 8: IoT Platform market by Region - Oceania
Table 9: IoT Platform market by Region - Rest of World
Table 10: IoT Platform market by Region - Total Market Size Summary
With hundreds of competing IoT platform providers emerging, it’s becoming more and more challenging for IoT solution businesses to evaluate the market and select the best platform for their connected business.
The emerging IoT Platform market continues to exhibit strong momentum as businesses accelerate their transformation into IoT data-driven companies. This momentum is driving strong growth in IoT Platform-related hardware, software and integration services for connected business solutions.
This new forecast sees the IoT Platforms market growing at a compound annual growth rate (CAGR) of 33% over the 2015-2021 forecast period, with annual revenue reaching $1.6 billion in 2021.
The new IoT Platform Report examines (expected) revenue of the IoT Platform market in greater detail across 10 vertical-industry segments and 7 regions with deep dives into North America, Europe and Asia.
Leveraging an accurate understanding of the complex IoT platform market will enable companies strategically position themselves to take full advantage of the profound potential of connected IoT solutions.
The worldwide market for IoT platforms reached $298M in 2015 with an estimated compound annual growth rate of 33% for the period to 2021, making IoT platforms one of the fastest growing segments, even within the IoT market and forecast to surpass the $1 billion mark by 2019.
The IoT platform market is an aggregation of innovative startups, as well as established firms such as global hardware manufacturers, enterprise software and mobility management companies.
To better understand the market players this report profiles 12 of the top IoT platform providers, estimates corresponding market share and outlines 90 other notable contenders. The new study also describes the top 5 trends affecting IoT platforms as the fast growing market is being transformed by increasing M&A and funding activity.
The study also examines the IoT platform market in detail for the period from 2015 to 2021. Comprehensive worldwide market sizing is provided for 2015, and a five-year growth forecast for the market is presented for 2016–2021.
Commenting on the findings, Managing Director Knud Lasse Lueth said: “We are currently witnessing an explosion in IoT deployments and solutions around the world. IoT platforms are emerging as the central backbone of these IoT deployments and are the key for the development of scalable IoT applications and services. IoT Platforms represent a truly new market segment that was almost non-existent a few years ago. Despite its tremendous diversity, the $300M market is currently dominated by US vendors with PTC emerging as the market leader at 18% market share. The US is also currently the biggest market for IoT deployments using IoT platforms. However, we are seeing that Asian markets are starting to pick up and do expect Asia to emerge as the biggest continental market by 2021”.
- Analog Devices
- Ayla Networks
- Davra Networks
- Good Technologies
- Greenwave Systems
- iControl Networks
- Zebra Technologies