Mind Commerce identifies key functionality for long-term success of IoT Platforms including elements necessary to enable IoT Data-as-a-Service (DaaS) or IoTaaS in its new report. The report also identifies market sizing for critical aspects such as IoT security, which Mind Commerce sees growing to $820B for securing IoT Platforms by 2021.
There are numerous vendors offering IoT Platform solutions, many of which are purpose-built and also closely align with the provider’s other infrastructure and services. Longer-term, Mind Commerce sees the market evolving to more general purpose IoT Platforms that include key functionality such as IoT Mediation and Orchestration capabilities.
Initially, IoT will represent silo solutions as companies maintain tight control over applications, data, and administration. However, evolving business models will eventually dictate that companies/solutions exchange IoT data between themselves, facilitating the need for IoT Intermediation. The need for IoT Platforms to support Mediation and Orchestration functionally will become critical once companies start to exchange data between IoT nodes including gateways, sensors, and servers.
Internet of Things (IoT) Platforms: Market Outlook and Forecasts 2016 2021 evaluates the IoT Platform marketplace including companies, solutions, market outlook, and specific opportunities where there are unmet market needs. The report assesses the technologies supporting IoT Platforms as well as required future functionality to facilitate market growth and sustainability. The report includes forecasts for IoT Platform revenue and deployments globally and regionally for the 2016 to 2021 period. Forecasts also include a breakdown by Segment, Solution, Investment/Funding, Value Chain, and Connectivity.