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Why the Internet of Things Platform Market is Looking Frothy

Making sense of the Internet of Things platform market can be a daunting task, given the sheer number of offerings available. This summer, the number of IoT platforms surged to 450, according to IoT Analytics, up from 260 two years prior. Cloudleaf, is not just another “IoT Platform”. Cloudleaf is an end-to-end solution with intelligent sensors, gateways and cloud applications which deliver quick-time to value for Fortune 500 companies.

The IoT platform vendors that survive will have proven they can help their customers win short-term efficiency gains and address operational and business problems in a compressed time frame, Arora said. “I talk to a variety of Fortune 500 companies, and many of them complain the time to value for an IoT platform is anywhere from six months to a year,” he noted. “They can’t afford to wait that long to see results.”  

 

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