As technology penetrates people’s lives more and more, the dependency people have on their devices grows exponentially. The great variety of appliances has already evolved into a young yet mature network that we now call the Internet of Things. It was Kevin Ashton, Procter & Gamble’s assistant brand manager, who coined the term in 1999 to describe the interaction of material things internally and with their environment.
The Variety of the Internet of Things Companies
Despite the Internet of Things being a relatively new phenomenon, it’s growing successfully and has united 6,381.8 million devices by 2017, and the hardware spending is still increasing. With an eye toward a total potential economic impact that is predicted to reach $11.1 trillion a year in 2025, a growing number of the internet of things companies is entering the market.
Which internet of things company has the potential of becoming the most powerful in IoT? On the surface, it seems that only large corporations that serve gazillions of customers and end-devices have that option. However, the IoT domain proves that a comprehensive experience is only half the battle. The capability to be innovative and adjust quickly to the shifty environment is just as important as the expertise. So, it is not only big-name giants that flood the internet of things market. Some startups have rocketed high enough to turn the tables on their reputed competitors.
Naturally, it is not that easy for the newcomers and small businesses to come to the forefront and acquire a large IoT market share. That is why well-established enterprises frequently buy out promising firms to bring new blood into their businesses, as it was in the case with General Electric and Wurldtech. GE purchased the Canadian startup to enhance its competencies in the security of networked appliances.
Surprisingly, the takeover by a big corporation is not the only way for a startup to blossom, as Resin.io proves true. This 3+-year-old startup received an incredible $9 million investment from GE, Ericsson, and some other big players for the development of their IoT solution. Also, there is an inspiring example of Flutura, a developer of an IoT solution that competes with GE’s Predix. Flutura has already won some large US customers.
The Ranking of Internet of Things Companies
The number of established businesses that try to skim the cream of the IoT market is getting a non-stop boost. Many large companies went the way of expanding the range of their competencies with the internet of things solutions. Among the most powerful of them are Apple, Google, Microsoft, Amazon, IBM, Verizon, T-Mobile, Samsung, Intel, Cisco, GE, and others.
However, what are the leading businesses that work in the IoT domain? Despite publicly available information on their operations, selecting the best internet of things companies is tough. Here are the reasons for it:
- The enterprises have their own areas of IoT expertise that cannot be equalized. For instance, Microsoft zeroes in Azure and Windows IoT Core, while GE’s vertical is industrial IoT.
- The businesses’ different scopes of activities hinder unification. Some of them cover several dimensions, as Google with its IoT solutions that serve both end-users’ appliances and software for professional developers. Others concentrate on a narrow niche; Oracle, for one, works exclusively on its IoT cloud service platform.
- Available figures, such as total revenue, market capitalization, etc., do not allow to specify clearly what volume the IoT-connected operations account for.
All of the above makes ranking IoT companies nearly impossible.
Three Most Powerful Internet of Things Companies
However, keeping in mind that market capitalization is a major criterion of business success and efficiency, we pointed out these players as the top internet of things companies: Apple, Google and Microsoft.
To be in step with a fast pace of modern life, Apple focuses on making their device users’ lives comfortable and easy. The corporation developed HomeKit smart home framework to manage and configure house accessories, such as thermostats, doorbells, cameras and more.
Also, a comprehensive drive for a healthy lifestyle encouraged Apple to unite health and fitness applications in their HealthKit. The integrated user information enhances user experience to improve health and fitness results.
Google helps extend users’ virtual infrastructure to the tangible world by their IoT cloud solutions with Weave and Android Things. Weave is a platform that allows non-devs users connect their appliances, such as switches, thermostats, outlets, light bulbs and more to their Google services. Many enterprises leverage the platform for the smart home solutions, such as Samsung, Philips and Honeywell. Also, using Weave’s embedded cloud infrastructure allows device producers to avoid creating their own one.
In contrast to Weave, Android Things was built for professional use, as it enables developing software for smart home appliances. A two-in-one solution, both a platform and an operating system, it eliminates the necessity for developers to make their own operating system.
With their Windows 10 IoT Core operating system and Azure IoT platform, the company provides a wide range of solutions for IoT services, from creating smart appliances to the development of data processing solutions. They address the following user concerns:
- Smart manufacturing: solutions to monitor production facilities and customer equipment, and to enhance on-site service
- Smart cities: solutions for energy use improvement, emergency system optimization, smart buildings development and field service improvement
- Smart logistics and transportation: solutions for vehicle monitoring, fleet optimization and traffic data controlling
- Smart retail: solutions for catering, hospitality and stadium services facilitation, as well as for the monitoring of vending machines and stores
- Smart healthcare: solutions enabling patient care at home, medical devices monitoring and maintenance
Big IoT Companies Are Big IT Players
Interestingly, all three companies originate in the information technologies domain. Maybe one of the reasons for these players’ success is that IT advances by leaps and bounds, and a growing number of people need IoT solutions in their everyday lives. Whatever their businesses’ specifics and the reason, the corporations are passionate about introducing up-to-date IoT solutions to improve the customer experience while providing information safety.