MachNation Forecasts 2018 IoT platform revenue of $3.3 billion to $64.6 billion by 2026
February 1, 2018
BOSTON, Jan. 25, 2018 /PRNewswire/ — MachNation announces the availability of its IoT Application Enablement Platform (AEP) ScoreCard for 2018, an in-depth rating of 21 Internet of Things (IoT) platform vendors.
According to MachNation forecast data, IoT platform revenue will grow 89% in 2018. MachNation forecasts that 2018 IoT platform revenue will reach USD $3.3 billion to $64.6 billion by 2026 with increased purchasing from enterprises in manufacturing, automotive, logistics/distribution, utility and smart cities sectors. Rather than building their own platforms, MachNation finds that enterprises are choosing to purchase cloud-based offerings from best-in-class IoT AEP vendors.
“MachNation’s fourth annual ScoreCard is the industry’s largest, longest-running, most complete, independent evaluation of IoT platforms,” said Dima Tokar, CTO and head analyst, MachNation. “Enterprises, service providers, systems integrators and application developers use MachNation’s ScoreCard to gain critical information about top-tier platforms in the global market.”
Many of the IoT platforms evaluated in the ScoreCard are separately evaluated in MachNation IoT Test Environment (MIT-E), MachNation’s hands-on test and comparison lab. MachNation is the only firm in the world that conducts hands-on tests of IoT platforms and makes test-based comparison data available for platforms like Microsoft IoT, Amazon AWS IoT, IBM Watson IoT, Software AG Cumulocity IoT and others.
MachNation’s ScoreCard contains several quadrants and matrices to help clarify a muddy, yet booming platform ecosystem. The ScoreCard ranks vendors using 15 detailed technical and business criteria including developer focus, deployment models, operational sophistication, partnerships and strategy.
“Platform vendors all have similar marketing for their products,” said Samuel Hale, analyst and testing specialist, MachNation. “If you’re serious about understanding platform differences, you need to dig deeply into their products and capabilities. Our ScoreCard and MIT-E do that.”
According to Hale, “In order to capture the key trends in the ecosystem, we completed an in-depth analysis of the following vendors: Amazon, AT&T, Axonize, Ayla Networks, Bosch, ClearBlade, Ericsson, HPE, Huawei, IBM, InterDigital, Microsoft, Oracle, PTC, Relayr, SAP, Scriptr.io, SiteWhere, Software AG, Telit and TheThings.iO.”
For more information, please visit https://www.machnation.com
Steve Hilton, for MachNation