Enterprise IoT Platforms Continue to Advance

K. Weldon

Summary Bullets:

• GlobalData completed its latest examination of the enterprise IoT platform market on August 26, which described, analyzed, and rated the top platforms in the market. This report focused on AWS, IBM, SAP, PTC, Microsoft, and Google.
• These vendors added functionality over the last six months that included enhanced security, more automated processes for data ingestion, new analytics capabilities, integration with the vendor’s own or third-party software, vertical solutions, scalability and availability, and improved edge enablement.

IoT is a key growth market for a wide swath of technology solution providers and their business customers. As a result, the market for platforms that make IoT projects easier to deploy and manage, and more impactful to the companies deploying them, has grown significantly in size and scope over the past five years. There are hundreds of purported platforms on the market, but only a dozen or so stand out in the enterprise segment. These IoT platforms leverage data collected from devices and transform the data into meaningful, actionable information through filtering, visualization, and analytics. They also aid customers in building applications which use the data to help them automate processes and make decisions that transform their products, services, and business models, therefore enhancing their position in the market.