As, Internet of things is a platform of connecting devices with internet and other connected devices, it also helps in software solution technologies too, it helps them in many services like Support and maintenance , Professional services, Consulting service, Managed service, Deployment and integration etc. The internet of things market by software solution was about 171 billion in 2017 and expected to increase at CAGR of more than 23.4% up to 2025.
What is IOT By Software Solution?
Internet of things by software solution is a combination of connecting the device to internet and other connected devices and analyzing the big data and provide the required amount of data to the device respectively. IOT in software focus on data collection, where it manages sensing, measurements, light data filtering, light data security, and aggregation of data, it uses certain internet protocols to add and connect sensors with real time, machine to machine networks. It also focus on device integration, which binds all system devices to create the body of the IOT system and focus on Real-Time analytics, which takes data or input from other connected devices and convert it into visible actions and clear patterns which will be easy for human analysis.
Market Research and Market Trends of IOT By Software Solution Market:
- Digital twin is huge next step taking by the world of IOT, digital twin is a virtual doppelganger of the real-world thing. In software solution world, digital twin technology will help Organizations Bridge to divide between physical and digital.
- Connected vehicle is one of the steps from IOT towards automotive. Since IOT technologies are already had been launched at interior of the vehicle, but it still remain to connect with external world, enabling them to access on the move. But keeping in mind about safety of the driver and passenger, some advanced technologies going to be launch for the connected car ecosystem. Technology such as advance driver assistance systems (ADAS), eye graze tracking, gesture control for rear seat entertainment, vehicle to vehicle communication and vehicle to infrastructure communication.
- The IOT gateway middleware solution introduced a flexible design which allows easy integration for different protocols adaptors in the south-bound direction towards the devices as well as forwarded to the north-bound direction towards different type of cloud platforms such as Microsoft Azure, AWS Io Tand IBM Bluemix, with new and unique use case scenarios bought into prominence by IOT.
Who are the Major Players in IOT By Software Solution Market?
The companies referred in the market research report are Google Inc., SAP SE, Cisco Systems, Inc., Microsoft Corporation, Amazon web services, Inc., Bosch Software Innovations GmbH, PTC Inc. and 10 other companies.
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