IoT Platform Competitive Landscape

  • The market is NOT consolidating: There are now 620 IoT platform vendors, up from 450 in 2017
  • The market is concentrating around a few providers: The top 10 providers had 58% market share in 2019, compared to 44% for the top 10 in 2016
  • Leading providers continue to grow at 40%+
  • Industrial/Manufacturing is the #1 vertical – 50% of platforms focus on it

Number-of-IoT-Platforms-2015-2019

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