Application Programming Interfaces (API) are increasingly relied upon across a wide area of communications, applications, commerce, and digital content. The prudent use of APIs provides operational flexibility, scalability, and enhanced opportunities for new application and service deployment. In the Internet of Things (IoT), APIs will support IoT Operations in many regards including interoperability between IoT Platforms, Devices, and Gateways. Moreover, IoT APIs will become a critical part of major IoT application and service developer programs.

Mind Commerce sees an especially important role for IoT APIs in the support of signaling, communications, and information exchange between certain key authoritative data repositories including an IoT Identity Database (IDDB), Permissions Database, and Device Discovery Database. Each of these databases will be accessed via IoT APIs in support of the IoT Mediation function necessary for the long-term scalability of IoT networks and systems. Furthermore, IoT APIs will be at the foundation of data interchange in the emerging IoT Data as a Service (IoTDaaS) marketplace.

This research assesses the market challenges and opportunities associated with development and support of IoT APIs. The report evaluates leading companies, solutions, technologies, and use cases. The report also analyzes the role of IoT APIs in support of key functional components of the IoT Ecosystem including Identity Management, Mediation, and other operational support functions. The report includes detailed forecasts for IoT API revenue globally, regionally, and by industry verticals for the period 2017 to 2022.

Target Audience:

  • API providers
  • IoT service providers
  • Application developers
  • Network service operators
  • Wireless device manufacturers
  • Systems integration companies
  • Telecom and IT infrastructure suppliers

Report Benefits:

  • Forecasts for IoT API Revenue 2017 – 2022
  • Understand the Market Drivers for IoT APIs
  • Understand IoT API Technologies and Solutions
  • Identify IoT Protocols and Standards Requiring APIs
  • Identify Leading API Management Solution Providers
  • Understand IoT API Monetization including IoT Data Services
  • Learn about IoT APIs in Industry Verticals and Functional Areas

Select Report Findings:

  • APIs will be a key enabler of the emerging IoT Data Management and Analytics Marketplace
  • Key for enterprise, IoT APIs will support data sharing within, between, and across industries
  • Consumer sector will lead at $41.5B followed by smart cities and healthcare at $30.7B and $29.2B respectively by 2022
  • In the healthcare category, the largest IoT API opportunity will be in Telemedicine Applications followed by Connected Medical Environments, Clinical Remote Monitoring, Assisted Living, Misc. Services, and Clinical Trials