Anticipated to eventually support a multi-trillion dollar marketplace, IoT Platforms, Hardware, and Software are at the cornerstone of success for IoT-enabled products and services. Internet enabled hardware, chips, edge devices and other hardware used in IoT solutions will constitute 30% market of total revenue generated by 2020. Revenue generated in 2015 was approximately $330 billion and is projected to reach $453 billion by 2020 with a CAGR of 6.2%. In 2015, software for IoT generated revenue of roughly $197 billion by way of platforms, APIs, applications, controlling systems, security solutions, management and operations. Substantial growth is anticipated through the year 2020.
IoT Platforms can be defined as a convergence of software and hardware solutions to interconnect “things” (people, things, objects, spaces, processes, data, etc.) in the real world and the virtual world on the Internet, and make the “things” communicate and interact with each other. IoT hardware includes microcontrollers, microprocessors, embedded systems, sensors, gateway devices and allied materials (such as amplifiers, step-down converters, batteries, fixtures, etc.). IoT is also expected to be a substantial driver for software development in infrastructure, platforms, devices, security, applications and services.
This research evaluates the technologies, solutions, and market outlook for IoT Platforms, Hardware, and Software. The report includes detailed forecasts for the period 2015 to 2020. This report also identifies opportunities for embedded hardware and software in IoT including Other Equipment Manufacturers (OEM) providers. Mind Commerce also evaluates the market opportunities and outlook for OEM channels and quantifies the markets and business for IoT hardware. All purchases of Mind Commerce reports includes time with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This needs to be used within three months of purchasing the report.
- OEM hardware developers
- IoT service and app developers
- Network operators and other CSPs
- Big Data and data management companies
- IoT hardware, platform, and infrastructure providers
- ISV, SI, and VAR channels for software implementation