According to the report, Microsoft, Amazon, IBM, and PTC are the leading providers based on 10 criteria. The report looked at a total of 15 providers relevant to utilities and other industries taking on digital transformation projects, and examined the strategy and execution for each.
Currently, says the firm, utilities and other large enterprises looking to adopt IoT technologies rely on an ecosystem of vendors to help them harness the complex nature of these projects. Assistance is needed to manage an increasing number of connected devices and processes, handle the large resulting data volumes, and then unlock valuable business insights through analytics tools.
"The crowded IoT value chain has attracted numerous platform vendors, each trying to grab a piece of what has so far been a fragmented market," says Neil Strother, principal research analyst with Navigant Research. "The leaders in this segment have developed IoT platforms that enable customers to better harness large data sets from devices and sensors, and then turn that data into useful business outcomes."
The challenge for the IoT platform providers, says the firm, is to cut through the complexities of IoT deployments, and "distance themselves from the pack." According to the report, vendors with innovative and differentiated products that become standard across a particular industrial sector - or sectors - will have the market advantage.
The report rated IoT platform vendors on the following criteria: vision; go-to-market strategy; partners; technology; geographic reach; sales, marketing, and distribution; solution performance; product portfolio; pricing; and staying power. The top ten vendors according the report are currently Microsoft, Amazon Web Services, IBM, PTC, GE, SAP, Cisco Jasper, Oracle, OSIsoft, and Ayla Networks.
For more see " Navigant Research Leaderboard: IoT Platform Vendors ."
IoT platform test lab offers hands-on comparisons
IoT to reshape businesses in 2018, predicts Forrester
GE, Microsoft advance IoT partnership
IoT platform market to be over $2.3B by 2021, says report