SANTA CLARA, Calif., Jan. 12, 2018 /PRNewswire/ -- Coupled with rapidly advancing Internet of Things (IoT) techniques, IoT platforms are set to create new business models aimed at enhanced connectivity, control and convergence. Businesses are now racing to convert raw machine and process data into actionable and useful insights in real-time. IoT platforms are at the core of this revolution, providing users with the flexibility and tools needed to develop application-centric functions unique to each industry.
Frost & Sullivan's recent research, Landscaping IIoT Platforms—Vendor Clusters and Growth Prospects, compares and benchmarks Industrial IoT platforms and vendor clusters. It highlights the prevalent innovation hubs, key technology and business trends that are influencing the evolution of industrial IoT platforms, and profiles existing industrial IoT platforms such as Condence, Axoom, Losant, Datonis, Jasper, Bosch, Azure IoT, Thingworx, Mindsphere, Devicewise, Lumada, Leonardo, and Predix (GE).
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"The IIoT ecosystem is rapidly evolving, and will witness acquisitions and collaborations on a large scale to close capability gaps. While major industrial participants with IT-OT expertise are leading the revolution, participants with single complementing competencies will join forces to protect market share and boost their customer value propositions," saidFrost & Sullivan Industrial Automation and Process Control Senior Research AnalystSharmila Annaswamy.
Four key industry trends in IIoT platforms:
"As factories and enterprises move toward a multi-cloud model, IoT platform providers will have to adopt automated load-balancing strategies to allow multi-cloud data transfers and elevate application performance across distinct cloud platforms, noted Annaswamy.
Landscaping IIoT Platforms—Vendor Clusters and Growth Prospects,is a part of Frost & Sullivan's Industrial Automation and Process Control Growth Partnership Service program.
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Landscaping IIoT Platforms—Vendor Clusters and Growth Prospects
Corporate Communications – North America
SOURCE Frost & Sullivan