ClearBlade’s edge software agent supports x86 as well as various ARM processors. IOWA is the most compact and lightweight M2M implementation today. But IoTerop has gone one step further with an unmatchable small memory footprint at only <30KB Flash and <5KB RAM. IoTerop’s competitors such as ClearBlade have device management software with very small footprints (in MBs). By relying on LwM2M, the standard used today by carriers to manage more than 100 million M2M devices. IoTerop’s ultra-compact IOWA enables organizations to build robust device management services, including security, connectivity, over-the-air firmware updates, and device interoperability. IOWA Device Management SDK – Offering a Flexible, Secure Device Management Platform Analyzing IoTerop’s portfolio, the company offers three solutions that customers can choose based on their requirements: The company’s cloud-based device management platform allows control of all IoT devices at once and offers state-of-the-art security and firmware updates. This form of embedded technology solution allows enterprises to commercialize their connected solutions, such as smart streetlights, smart meters, logistics tracking, industrial safety and security devices, quickly without hiring a team of developers and specialists. IoTerop Evolution from Development Tools to Platform Establishing standards ensures that devices communicate with each other on a global scale, eliminating the need for customers to develop costly proprietary technologies. IoTerop also works with different standards bodies and alliances to ensure IoT is secure, standardized and interoperable. As an emerging player in the IoT device management space, IoTerop, co-founded by former Intel executives in 2016, offers IoT development tools and device management software to help customers build efficient IoT solutions. IoTerop is one of the companies contributing to the IoT ecosystem with its LwM2M solution to simplify, standardize and accelerate massive IoT deployments. Moving into this new decade, we also expect a healthy M&A activity to address several capability gaps between incumbents and start-ups identified by our research. Leveraging Counterpoint Research’s proprietary CORE (COmpetitive Rankings and Evaluation) framework, we have evaluated the leading 20 IoT platform companies driving this growth and helping the industry understand the capabilities required to develop an ideal IoT solution. We expect more than 3.5 billion devices to have cellular IoT connectivity in 2025.Īs we go further down the value chain, the growth of IoT platforms in terms of cloud and edge IoT capabilities is also a testament to this IoT-led digital transformation.
In a couple of years, revenue almost doubled to reach ~$6 billion in 2021. But there is enough room for every IoT platform to grow and be successful as we see millions of enterprises in the private as well as the public sector kickstarting their digital transformation initiatives to connect sensor-based assets and devices to either save money or earn money.Ī good indicator is Counterpoint Research’s Global Cellular IoT Module Forecast, which shows the IoT module market’s growth in volumes as well as revenues. The IoT platform space is getting crowded as players have just started to capitalize on this blue ocean opportunity. The IoT ecosystem is maturing and the entire IoT module/device connectivity to the cloud is now managed by IoT platforms.