Study reveals dramatic increase in capabilities for IoT services
In its recent analysis ranking more than 500 companies on their Internet of Things (IoT) service capabilities, ABI Research finds that both partner programs and their member companies continue to mature in their IoT offerings, with 59 percent of listed organizations receiving a high IoT maturity grade.
This is nearly double the number of organizations that received a high maturity ranking when ABI Research first evaluated these IoT ecosystems in September 2015. The increase in IoT maturity stems in part from the actions of partner program parents that offered their members access to training and certification programs.
“Within these ecosystems, there is a continuing shift from traditional volume-based partnerships to value-based partner engagements,” said Ryan Harbison, research analyst at ABI Research. “These IoT programs require a higher level of engagement from both [parent organizations] and participants who together seek to offer a differentiated solution using a diverse and sometimes undifferentiated set of technologies.”
The ecosystems offer primarily B2B solutions to clients looking to use IoT solutions to increase sales opportunities and decrease operating costs within specific vertical markets. Over a nearly two-year period, ABI Research identifies a 40 percent increase in the number of companies offering manufacturing, industrial, and enterprise IoT solutions.
The biggest increase was in the hospitality segment, which saw a 164% growth in the number of companies offering vertical-specific solutions. This is due to increasing demand from hotels looking to monitor and automate building processes while also offering guests personalized digital experiences.