IoT application platforms make steady gains in 2014 as GE shakes up market by opening Predix to third parties, says ABI Research

ABI-research-logo

New market forecasts from ABI Research show that the revenues from the Internet of Things (IoT) application enablement platform (AEP)s grew by 28% in 2014. By end-2020, the revenue base will exceed US$1.4bn, led by applications for remote monitoring and control.

Principal analyst Aapo Markkanen comments, “Amid all the market noise surrounding IoT platforms, it is wise to remember that the AEP layer of this business isn’t anywhere close to the billion-dollar level yet. A growing number of companies are developing and deploying IoT applications, but much of the technology stack comes from internal teams and system integrators. Third-party platforms have a high upside, but today the reality is that the vast majority of enterprises have yet to either fully commit to an IoT strategy or determine the best way to execute one.”

In the AEP market, 2014 was marked by the emergence of PTC as a somewhat unexpected IoT champion, following its acquisitions of Thingworx and Axeda. Another interesting development was LogMeIn repositioning its Xively platform from a pronouncedly horisontal “AWS for IoT” to a more traditionally inclined solutions provider. Meanwhile, one of the original AEP pioneers, ILS Technology, was integrated into its new owner, Telit. Currently, the most pressing strategic topic is GE’s announcement to open up its Predix platform to the products of other manufacturers.

Practice director Dan Shey concludes, “It’s still unclear how well GE can enable OEM-agnostic applications, but if it sees reasonable success then Predix could catch many major players off guard in 2015. At the same time, there are also a number of smaller platforms that have previously been focusing on getting their technology right, but seem now ready to enter the growth stage. Likes of M2Mi, PLAT.ONE, SeeControl, and 2lemetry could make some waves over the next year.”

These findings are from ABI Research’s IoT Middleware: Application Enablement Platforms and Services product, which is part of the firm’s M2M and IoT Platforms and Services Market Research.

FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more
RECENT ARTICLES

DataQube secures €26mn from French investment management company, RGREEN INVEST

Posted on: December 3, 2021

Cambridge UK. 2nd December – DataQube Global Ltd, developer of the standalone edge data centre module, has acquired a €26 million Serie A funding from RGREEN INVEST, a French investment management company focused on financing green infrastructure and technology projects.

Read more

KORE’s CFO Pamnani departs and Holtz is appointed interim chief financial officer

Posted on: December 3, 2021

Atlanta, GA. USA. – KORE Group Holdings, Inc. a global provider of Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS), reports that Paul Holtz, SVP of corporate performance, planning and analytics, has been named as interim chief financial officer, while KORE identifies a permanent successor.

Read more