Device-to-cloud IoT platform services will reach US$18bn by 2026

internet of things IOTNN

From the early days of Thingworx (PTC) and ILS (Telit) to the market today, the device-to-cloud IoT platform service market has changed dramatically. Early platform services included device connectivity and cloud integration, device management services, and simple alerting services. Today, platform services have added drag and drop application development services, more sophisticated data, and device management services, and managed security services. Of four key supplier segments, software and services suppliers, a group that includes start-ups and cloud vendors, are expected to dominate revenue generation at nearly 67% of the total…

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