Internet of Things (IoT) platforms are becoming a hub for connecting devices, sensors, networks, and services as well as providing a range of organizations with crucial data so they can drive more cash flow and stay ahead of competition. In 2016, IoT platforms generated about $2 billion in revenue and is expected to grow to $83.4 billion by 2025, according to a study by MachNation.
“When it comes to picking an IoT platform, it’s like the Wild West,” said Strategy Analytics Analyst Chris Ambrosio. “It all depends on what the customer needs, and each platform can be applied to different use cases.”
The IoT platform space is highly fragmented. In fact, some estimates indicate there are more than 350 different dedicated IoT platforms across different industry verticals. SDxCentral has narrowed its list to these 10 companies and platforms that we think are making the most inroads in IoT right now.
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