IoT Platforms can be defined as a convergence of software and hardware solutions to interconnect “things” (people, objects, devices, processes, data, etc.) in the real world and the virtual world via the Internet, and make the “things” communicate and interact with each other.
IoT Platforms will evolve to become more general purpose in nature, supporting certain key functions including:
- IoT Platforms and Data Management: An important function of IoT platforms will be to continuously generate, collect, share, and utilize data about users and for users.
- IoT Platforms and Distributed Computing: One of the key architecture issues for IoT is to support a distributed Cloud arrangement known as Fog Computing.
- IoT Platform Mediation and Orchestration: Orchestration is an essential aspect of service oriented architecture, virtualization, provisioning, converged Infrastructure, and various datacenter issues.
- IoT Platforms and IoT OS and APIs: The success of IoT Platforms will depend on a variety of operating systems (OS) and Application Programming Interfaces (APIs) supporting the IoT standard.
- IoT Platforms and Virtual to Real Control: Platforms will support virtual-to-real, real-to-virtual, and even virtual-to-virtual control for IoT applications and services.
Internet of Things (IoT) Platforms: Market Outlook and Forecasts 2016 – 2021 evaluates the IoT Platform marketplace including companies, solutions, market outlook, and specific opportunities where there are unmet market needs. The report assesses the technologies supporting IoT Platforms as well as required future functionality to facilitate market growth and sustainability.
The report includes forecasts for IoT Platform revenue and deployments globally and regionally for the 2016 to 2021 period. Forecasts also include a breakdown by Segment, Solution, Investment/Funding, Value Chain, and Connectivity.