The IoT platform market to reach US$ 7.1 billion in 2022

[ Editors Note IoTForum will cover IoTPlatfrom in a dedicated Blog soon. We suggest see these also

• IoTWiki IoTPlatform

• The IoT Stack: The Need for an Hourglass Architecture

• About IoT Platforms, Super Powers Methodology, Superheroes and Supervillains

• IOT INTEROPERABILITY USING A SIMPLE ARCHITECTURE

• Worth it waste your time searching the Killer IoT Application? Part 1: IoT Horizontal App 

• Is it the time for Internet of Things in a Box (IoT in a Box)?

• IROOTECH IIoT platform ROOTCLOUD in Europe

• Future of IoT platforms is like Pizzas      ]

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. These third party IoT platforms are relatively new in the market and display a great diversity in terms of functionality. Broadly speaking, most IoT platforms fall into one of the following three categories: connectivity management platforms (CMPs), device management platforms (DMPs) and application enablement platforms (AEPs).

Berg Insight estimates that total revenues for third party IoT platforms will grow at a compound annual growth rate (CAGR) of 31.7 percent from € 1.78 billion in 2017 to € 7.05 billion in 2022.

The CMP market is characterised by a limited number of providers, although several new players have emerged in recent time following developments in the domains of LPWA and software-defined networks. Cisco Jasper is the dominant commercial CMP for mobile network operators worldwide and had about 75 million connections at the end of 2017. Other major vendors include Ericsson, Huawei, Amdocs, Comarch, as well as Nokia that launched its Nokia WING service in Q1-2017. Start-ups such as EMnify, Flo Live and Soracom have introduced cloud-based core networks dedicated for IoT that are offered as a service.