TECH SUPPLIER Feb 2020 - Market Perspective - Doc # US46043519

The Evolution of the IoT Platform Market

By: Stacy CrookResearch Director, Internet of Things


This IDC Market Perspective discusses the evolution of the IoT platform market over the past two years.

The IoT platform market continues to be targeted by a large swath of vendors because IoT data is valuable. Normally, choice is a positive thing to have in a technology buying decision, but in this case, the number of vendors that play in the market has historically created a great deal of market confusion. In this document, where we put bets on where we believe various IoT software vendors will focus their energies — both from a product and a go-to-market standpoint — in the coming years.

"At IDC Directions 2018, we presented on the topic of 'the IoT platform wars' and hypothesized that the monolithic concept of an IoT platform would gradually evolve into an ecosystem play, where different types of vendors would have unique roles to play across the platform layers," says Stacy Crook, research director, IoT. "As we enter the year 2020, it is a good time to step back and observe how the market has changed over the past two years."



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