TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Directory
  • Smart Studio
  • Surveys
  • Debates
  • Perspectives
  • DSP Leaders World Forum
  • DSP Summits
  • Great Telco Debate
    • |
    • Follow
    • |
    • Subscribe
  • |
  • More
  • Webcasts
  • Surveys
  • Debates
  • Perspectives
  • Great Telco Debate
  • |
  • Follow TelecomTV
  • |
    • Subscribe
    • |
  • About
  • Privacy
  • Help
  • Contact
  • Follow TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Internet of Things

TelecomTV TRACKER

Sourced by TelecomTV's TRACKER platform
from Berg Insight News Archive

Internet of Things

IoT platform revenues will grow to € 3 billion worldwide by 2021

Via Berg Insight News Archive

Aug 9, 2016

According to a new research report from the M2M/IoT analyst firm Berg Insight, the global third party Internet of Things (IoT) platform market increased 36 percent to € 610 million in 2015. Growing at a compound annual growth rate (CAGR) of 30.8 percent, revenues are forecasted to reach € 3.05 billion in 2021.

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. Most IoT platforms available on the market today can be categorised as being a connectivity management platform, a device management platform or an application enablement platform, although there are many products that offer overlapping functionality or other unique features.

Many enterprises and organisations have already been involved in various machine-to-machine (M2M) deployments that have typically been characterised by 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 furthermore aims to facilitate a better understanding of complex systems through analytics based on data from diverse sources to assist decision making, improve products and enable entirely new services”, said André Malm, Senior Analyst, Berg Insight.

Whereas connectivity and device management platforms have already reached comparatively high adoption, the market for application enablement platforms (AEPs) is in an earlier phase. AEPs typically provide functionality such as data collection, data storage and analytics. Fully featured platforms also provide tools, frameworks and APIs for creating business applications featuring data management, event processing, automated tasks and data visualisation. Many platforms also provide tools and ready-made libraries and UI frameworks that facilitate modelling and creation of interactive applications, workspaces and dashboards with little or no need for coding.

“The AEP segment is seeing considerable activity in terms of acquisitions and new market entrants”, said Mr. Malm.

After PTC acquired ThingWorx and Axeda, other major software and IT companies have followed. Examples include Amazon that acquired 2lemetry, Autodesk that acquired SeeControl and Microsoft that acquired Solair. Other leading IT companies that are extending their service offerings to include IoT platforms – often focusing on analytics and machine learning – include IBM, SAP and Oracle.

“As a group, AEP vendors primarily face competition from system integrators and companies that develop similar functionality in-house”, concluded Mr. Malm.

Related Topics
  • 6G R&I,
  • Berg Insight,
  • Device Software & Apps,
  • Devices,
  • Digital Platforms & Services,
  • Enterprise,
  • Europe,
  • Internet of Things,
  • News,
  • Research and Trials,
  • Tracker

More Like This

Access Evolution

Continuous profitable growth as S&T Group continues its IoT mission

Apr 15, 2021

Digital Platforms & Services

Satellite backhaul will be worth $25 billion by 2030

Apr 12, 2021

Access Evolution

HomeGrid Forum advances G.hn for industrial applications

Apr 12, 2021

Digital Platforms & Services

What Covid did: accelerated digital healthcare

Apr 6, 2021

Access Evolution

Nokia expands Mobily partnership with enterprise IoT network in Saudi Arabia

Mar 30, 2021

This content extract was originally sourced from an external website (Berg Insight News Archive) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

DSP Leaders World Forum 2021 Delegate Report

0:50

DSP Leaders Open Telco Summit

23:25

Extra Shot: Next Steps for DSPs

11:17

How cloud dynamics are reshaping the telecoms sector

  • TelecomTV
  • Decisive Media

TelecomTV is produced by the team at Decisive Media

Menu
  • News
  • Videos
  • Channels
  • Directory
  • Smart Studio
 
  • Surveys
  • Debates
  • Perspectives
  • Events
  • About Us
Our Brands
  • TelecomTV Tracker
  • TelecomTV Perspectives
  • DSP Summits
  • DSP Leaders World Forum
  • The Great Telco Debate
Get In Touch
info@telecomtv.com
+44 (0) 207 448 1070

Request a Media Pack

Follow
  • © Decisive Media Limited 2021. All rights reserved. All brands and products are the trademarks of their respective holder(s).
  • Privacy
  • Terms
  • Legal Notices