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#Discussion(IoTStack) [ via IoTForIndiaGroup ]
The IoT application enablement space has continued to grow into the hottest technology sector of the Internet of Things (IoT). According to MachNation – an IoT industry research firm – worldwide IoT application enablement and device management revenue will be USD1.1 billion in 2016 and will grow to USD83.4 billion by 2025 at a compound annual growth rate (CAGR) of 62% over the period.
Public and private sector organizations want to efficiently launch robust and secure IoT solutions. In order to accomplish this, many are turning to IoT Platform-Enabled Solution (PES) vendors to ensure a viable and cost-effective IoT solution. A PES is a solution-centric offering optimized to reduce the time to deliver a fully-enabled, end-to-end, vertical IoT solution to customers. A PES vendor relies on a product-plus-services model; an application development lifecycle managed by in-house and partner resources; and either a rapid application builder or template-based framework. PES vendors use a direct or partner-led sales model and engage a core set of systems integrators to create validated, rapid and secure industry- or application-centric IoT solutions for customers.
But not all IoT PES vendors are of equal quality. MachNation has done extensive analysis of IoT PES vendors in its 2016 IoT Platform-Enabled Solutions ScoreCard. Based on that research, public and private sector organizations should base their selection of IoT PES vendors on characteristics.
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