Author : Dima Tokar, Co-Founder & CTO at MachNation
IoT solutions are comprised of lots of technology components including hardware devices, connectivity, middleware and application layers. At its core, an IoT solution like fleet management, remote asset tracking, smart electric meters, and smart buildings facilitates the delivery of IoT data to applications. While there are many ways to link IoT devices to applications, one of the best ways is by using an IoT Application Enablement Platform (AEP).
The IoT platform space has continued to grow into one of the most critical technology sectors of the Internet of Things (IoT). According to MachNation forecasts, the combined worldwide revenues of IoT platforms that are described in this blog will be USD 9.3 billion in 2016, growing to USD 214.0 billion by 2025 at a compound annual growth rate (CAGR) of 42% over the period. MachNation has written extensively about the importance of selecting proper IoT middleware – especially an IoT AEP – to ensure the secure and efficient collection, analysis and delivery of IoT data.