The potential of IoT is limitless. Human-machine interaction is expected to grow in the coming years. The world will be taken over by a flood of IoT devices. IoT technologies are rapidly expanding, and the net worth of IoT is expected to increase by 13.8 billion dollars by 2026. This means more job opportunities, a better quality of life, and improved connectivity.

IoT and business go hand in hand in this generation. It is a significant breakthrough in the technology sector that is affecting millions of lives and is expected to increase shortly. It has taken the world by storm, and every company now adopts policies to fit into the Internet of Things.

In this article, we will examine what the future holds for IoT companies as well as the IoT value chain. We’ll take a closer look at the top IoT companies and the solutions they provide.

The Future of IoT Businesses

The IoT market is expanding at a breakneck pace. By 2026, the industry is expected to be worth approximately 1111.3 billion dollars.
Every year, an increasing number of IoT devices are produced. In 2019, approximately 26.66 billion IoT devices were active.
IoT is assisting developed and developing countries in adapting to the “smart cities” model, with an estimated cost of $400 billion by 2020.
According to a Microsoft study, by the end of 2021, approximately 94 percent of global businesses will have implemented IoT solutions in their organizations.
Statistics show that by 2023, 1.1 trillion dollars will have been spent on IoT solutions and platforms worldwide.
All of these statistics confirm that IoT is unquestionable “the next big thing.”

The Value Chain of IoT

The IoT value chain contains information on IoT companies in each sector.

IBM

IBM Watson is an IoT platform that allows you to configure, manage, and connect your devices to the internet. The platform provides its users with a variety of IoT cloud services such as connectivity, monitoring, data analysis, management, and much more. You can connect your digital devices and transfer data through the IBM cloud, as well as connect devices through applications.

You use the MQTT protocol to connect your device to the IBM cloud. Following that, you configure your device and manage your tasks on the IBM IoT platform, as well as connect your devices. Finally, you will have access to real-time analytics on your devices.

Google

This is yet another multibillion-dollar corporation that incorporates IoT into the majority of its products. The IoT platform on Google Cloud notifies you about your device management, connectivity, and networking in real-time. It monitors issues on your devices and sends notifications to your management application.

You can begin by utilizing an IoT developer kit. On its platform, the company provides a wide range of IoT services. It integrates IoT and smart intelligence into cities, automobiles, and homes.

Azure (Microsoft)

Microsoft Azure IoT is an open platform that offers a variety of IoT services. Azure allows you to connect, monitor, and analyze your devices, as well as obtain real-time data from them via APIs.

Azure IoT includes things that connect to the internet, retrieve insights from these devices, and act on that information. It also provides cloud-based solutions for connecting to any device through the internet. They provide services and platforms to businesses in industries such as marketing and retail, healthcare, transportation, and logistics.

Intel

Intel Internet of Things provides enterprise and business customers around the world with IoT solutions, platforms, and services. With Intel IoT, you can elevate your brand and enable your devices to do far more than they are capable of. Intel IoT provides hardware, software, and cloud services to help you get started with IoT.

Manufacturing, government, education, healthcare, finance and banking, transportation, and industries are all using Intel IoT solutions. Cloud service providers collaborate closely with Intel IoT platforms to provide a variety of solutions to optimize your business strategy.

Cisco

Ciso is yet another technology firm that provides IoT tools and platforms. It provides solutions for edge computing, connectivity, data analysis, and data management.

Cisco was the market leader in industrial ethernet switches and industrial edge networking components. Frost and Sullivan named Cisco the 2019 Global Company of the Year for their industrial ethernet switches. The primary goals of Cisco IoT solutions are safety and user security. Their technology is used to construct cities, infrastructure, and utilities. Cisco DevNet connects your devices, extracts data, and provides edge computing and networking capabilities.

Bosch

Bosch.IO provides solutions for implementing IoT projects in a variety of industries. They provide pre-built solutions, a market-driven setup, and an elite IoT portfolio. Bosch’s Internet of Things software solution connects sensors, devices, microcontrollers, and gateways. They offer a safe management system as well as a digital representation of digital devices. They aid in the management and analysis of IoT data.

Samsara

Samsara is a San Francisco, California-based American Internet of Things company. It is North America’s leading provider of IoT solutions.
Found in the year 2005

Vates

Vates is an IoT company that has the highest level of customer satisfaction. It provides IoT data analytics as well as consulting services. It trademarks commercial and industrial IoT products, such as smart homes. Vates has experience working with Fortune 500 companies.
Discovered in 1991

Oxagile

Oxagile is an Internet of Things (IoT) company that assists businesses with integration, development, and expansion. It assists organizations with road mapping and strategic implementation.
Found in the year 2005.

HQ Software Industrial Company

The HQ software-industrial company develops and manufactures software for IoT development and construction.
It offers IoT manufacturing consultation, secure networking of IoT devices, IoT solutions in the industrial sector, IoT data analysis, and edge computing, discovered in 2001.

Go Digital

Go Digital is an Internet of Things (IoT) company that is paving the way for the fourth industrial IoT revolution.
It is a company that develops industrial software that is paving the way for recent technological innovation.
It enables manufacturers to create solutions that are easily aligned with the needs of their customers.

Discovered in 2011.

Verizon

Verizon is a software company that provides Internet of Things (IoT) solutions to its clients and users.
It improves business engagement by providing a diverse set of IoT technologies.
It integrates business and IoT so that customers can focus on building their brand while Verizon focuses on improving the brand’s quality.
Discovered in: 1983

Eastern Peek

Eastern Peak is an internet of things (IoT) company that sells IoT devices such as wearable trackers and smart cars.
It provides a wide range of IoT solutions, including smart homes, smart healthcare, and connected vehicles.
Eastern Peak provides business transformation consulting services.
It provides industrial Internet of Things (IoT) services.

Discovered in 2010

SAP

By embedding IoT devices for real-time data analytics, SAP IoT is assisting businesses in reimagining their scope.
It provides sensors for detecting auto-id events.
Provides businesses with a vast array of sensor data and simple management.
It was discovered in 1972.

Intellias

Intellias provides services to help you adapt your business to the industry. 4.0 Consumer IoT improves customer experiences by incorporating IoT into appliances.
Cities are being transformed into IoT hubs as a result of smart city services.
It provides services like software development and data analytics.
discovered in the year 2002

Mobidev

Mobile is an IoT development and consulting firm that specializes in software enhancement.
It enables smart connectivity in the industrial and manufacturing sectors.
It makes use of edge computing.
Creates UI/UX designs for Internet of Things (IoT) devices.
Discovered in 2009

DCSL Software

DCSL software simplifies connectivity and IoT transformations for its users.
It develops user interfaces and applications for connecting to databases via NFC, WiFi, Bluetooth, or infrared.
It develops interfaces for interacting with IoT devices.
Date discovered: 1994