According to a new research report from the M2M/IoT analyst firm Berg Insight (www.berginsight.com), the global third party Internet of Things (IoT) platform market increased 36% to € 610 million in 2015.
Growing at a compound annual growth rate (CAGR) of 30.8 percent, revenues are forecasted to reach € 3.05 billion in 2021. There is a wide range of software platforms available, intended to reduce cost and development time for IoT solutions by offering standardized components that can be shared across many industry verticals to integrate devices, networks and applications.
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