The future of IoT is limitless. Human to machine interaction is likely to increase in the upcoming years. A wave of IoT devices will take over the world. IoT technologies are rising rapidly and the networth of IoT is likely to go up by 13.8 billion dollars by 2026. This means more job opportunities, easier lives and easy connectivity.
In this generation IoT and businesses go hand in hand. It is a huge breakthrough in the technological sector that is currency impacting millions of lives and the numbers are likely to increase in the near future. It has taken the world by a storm and every company these days adopts its policies to fit into the Internet of Things.
In this article, we look at what the future holds for IoT companies and what is the IoT value chain. We will further look at the top Iot companies and the solutions they offer.
Future of IoT Companies
- Iot market is growing at an exponential rate. The industry is estimated to be worth around 1111.3 billion dollars by the year 2026.
- Every year more and more IoT devices are being manufactured. In the year 2019 alone, around 26.66 billion IoT devices were active
- Developed and developing countries are adapting to the “smart cities” model by IoT and the amount estimates to around 400 billion in 2020
- By the end of the year 2021, a research by Microsoft states that around 94 percent of global businesses will introduce IoT solutions in their corporations.
- Statistics confirms that by the year 2023, 1.1 Trillion dollars will have been spent on IoT solutions and platforms across the globe.
All these statistics confirm that Iot is definitely “the next big gig”.
IoT Value Chain
The Iot value chain provides information on IoT companies working in each sector.
1. IBM
IBM Watson is an IoT platform to setup, manage and connect your devices to the internet. The platform offers a set of IoT cloud services to its users such as connectivity, monitoring, data analysis, management and so much more. You can connect your digital devices and transfer data via the IBM cloud, connect devices via applications etc.
You connect your device to IBM cloud via MQTT protocol. Next, you set up your device and manage your tasks on the IoT IBM platform and connect your devices with each other. FInally, you get access to real time analytics about your devices.
2. Google
This is another giant, billion dollar company that integrates IoT into most of its products. Google cloud’s IoT platform notifies you about your device management, connectivity and networking continuously. It tracks issues on your devices and sends notifications on your application for management.
You can start off by using an IoT developer kit. The company offers a wide range of IoT services on its platform. It introduces IoT and smart intelligence into cities, cars and homes.
3. Microsoft azure
Azure IoT by Microsoft is an open platform that provides various IoT services. Through Azure you can connect, monitor, analyze your devices and you can obtain their real time information through APIs.
Azure Iot includes things that connect to the internet, retrieving insights from these devices and acting upon the information from these devices. It also offers cloud-based solutions to connect to any devices via the internet. They offer services and platforms for industries such as marketing and retail, healthcare, transportation and logistics.
4. Intel
Intel Internet of Things offers IoT solutions, platforms and service to enterprises and businesses globally. Through Intel IoT you can take your brand a step higher and get your devices to do so much more than they are capable of. Intel IoT offers hardware, software and cloud to get your journey started with IoT.
Intel IoT solutions are being used in Manufacturing, Government, education , healthcare, finances and banking, transportation and industries. Cloud service providers work closely with intel Iot platforms and offer a wide range of solutions to optimise your business strategy.
5. Cisco
Ciso is yet another tech company that offers IoT tools and platforms. It offers edge computing, connectivity, data analyzing and data management solutions.
Cisco was ranked first in industrial ethernet switches and in industrial edge networking components. Frost and Sullivan titles Cisco Global Company of the year in 2019 for their industrial ethernet switches. Safety and user security are the prime targets of Cisco IoT solutions. Their technology builds cities, infrastructure and utilities. Cisco DevNet connects your devices, extracts data, offers edge computing and networking.
6. Bosch
Bosch.IO offers solutions to build IoT projects in various industries. They offer ready made solutions, a market driven setup and an elite IoT portfolio. The IoT software solution by Bosch connects sensors, devices, microcontrollers and gateways. They provide a secure management system and offer a digital representation of digital devices. They help manage and analyze IoT data.
7. Samsara
- Samsara is an American Internet of things company that is based in San Francisco, California. It is a leading service provider for Iot solutions in North America.
- Found in: 2005
8. Vates
- Vates is an IoT company with the highest customer satisfaction rate. It offers IoT data analytics and consultancy services. It brands commercial and industry IoT products including smart homes. Vates works with fortune 500 companies.
- Found in: 1991
9. Oxagile
- Oxagile is an IoT company that helps businesses with integration, development and expansion. It offers consultation to organisations in road mapping and strategic implementation.
- Found in: 2005
10. HQ Software Industrial Company
- HQ software industrial company provides software for Iot development and construction.
- It provides consultation service in IoT manufacturing, offers secure networking of IoT devices, Iot solutions in the industrial sector, IoT data analysis and edge computing.
- Found in:2001
11. Ge Digital
- Ge digital is an Iot company that is making way for the fourth industrial IoT revolution.
- It is an industrial software company that is paving the way for recent technological innovation.
- It helps manufacturers design solutions that connect easily with the needs of the customers.
- Found in: 2011
12. Verizon
- Verizon is a software company that offers IoT solutions to its clients and users.
- It enhances business engagement by offering a wide range of Iot technologies.
- It integrates business with IoT so customers can focus on building their brand while Verizon focuses on enhancing the quality of the brand.
- Found in: 1983
13. Eastern Peek
- Eastern Peak is an iot company that offers IoT devices including wearable trackers and smart cars.
- It offers a wide range of IoT solutions such as smart homes, smart healthcare and connected cars.
- Eastern Peak offers consulting services for business transformation
- It offers industrial Iot services.
- Found in:2010
14. SAP
- SAP IoT is helping businesses reimagine their scope by embedding Iot devices for real time data analytics.
- It offers sensors to sense auto-id events
- Provides business with a huge range of sensor data and easy management.
- Found in:1972
15. Intellias
- Intellias offers services to changes your business according to the industry 4.0
- Consumer IoT enhances customer experiences and embedded IoT into appliances.
- Smart city services transform cities into IoT hubs.
- It offers services such as software enhancement and data analytics.
- Found in: 2002
16. Mobidev
- Mobidev is an Iot development and consulting company that offers software enhancing services.
- It provides smart connectivity in industry and manufacturing areas.
- It uses edge computing.
- Designs UI/UX designs for Iot devices.
- Found in:2009
17. DCSL Software
- DCSL software offers its users ease in connectivity and Iot transformations.
- It creates user interfaces and user applications to easily connect with databases via NFC, WiFi, Bluetooth or infrared.
- It creates front ends to interact with Iot devices.
- Found in: 1994
Summary:
In this article we learnt about the future of Iot devices and the IoT value chain of multi billion companies. We then learnt about top IoT companies such as IBM, Google, Microsoft, Intel, Cisco and Bosch.