Summary Bullets:
• IoT platform vendor dropouts were in the news in 2023, suggesting not only consolidation but reduced demand and profitability concerns.
• While hyperscalers remain leaders, industrial stalwarts such as PTC, Software AG, and Siemens are still innovating and enhancing platforms with security, easy of use, and integration with adjacent products in their portfolios.
Over the last year, the most compelling changes in the market for enterprise IoT platforms were the dropping out of key vendors including Google Cloud IoT (in August 2023), presumably based on lack of revenues/profitability; the decommissioning of most services from SAP’s IoT PaaS offering, announced at end-2023; and IBM’s winding down of its Watson IoT platform service in December 2023, with IBM focusing instead on offering IoT capabilities via its hybrid cloud solutions and software. In addition to these dropouts of platforms, which focused on IoT application enablement, products focused on connectivity and device management, such as the Ericsson IoT Connectivity platform, changed hands, having been sold to IoT MVNO and platform vendor Aeris. Some of the other original leaders have also marginalized their IoT offerings, embedding them in vertical solutions, or combining IoT with big data and AI tools, positioning IoT primarily as a data collection enabler. Industrial stalwarts Software AG and Siemens, however, are becoming innovators in this market, with good reviews for functionality, vertical solutions, and contributions to positive ROI.
Continue reading “Enterprise IoT Platform Enhancements Enrich Usability, Security, and Application Breadth”
You must be logged in to post a comment.