Waylay is featured in the 3rd edition of the independent market report IoT Platforms and Software, published in June 2018 by analyst firm Berg Insight. Berg Insight is a dedicated M2M/IoT market research firm based in Sweden, specialising in major M2M/IoT verticals such as fleet management, car telematics, smart metering, smart homes, mHealth and industrial M2M since 2004.
Waylay ranks strong in the smart home and connected building verticals
The report analyses the latest developments on the IoT connectivity management, device management and application enablement platform markets and highlights the most important technology vendors across all the three tracks.
Waylay is featured among the most relevant IoT application enablement platforms, with a specific mention on its capabilities and strong customer base in the smart home and connected building verticals.
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Device management and application enablement IoT platforms market expected to reach US$ 4.9 billion in 2022
From the report:
The market for device management (DMP) and application enablement platforms (AEP) is notably crowded and has in recent time experienced a new wave of investments from major cloud infrastructure providers and enterprise software vendors. Berg Insight estimates that the total market value for commercial DMPs and AEPs was US$ 1.1 billion in 2017. Growing at a compound annual growth rate (CAGR) of 36.2 percent, the market value is expected to reach US$ 4.9 billion in 2022.
In 2017–2018, the major cloud infrastructure providers Amazon, Microsoft and Google continued to invest heavily in their IoT offerings to drive growth in their cloud businesses. Berg Insight expects that the higher level of involvement of the cloud infrastructure providers over time is likely to lead to further specialisation among the IoT platform vendors and more partnerships between vendors with complementing capabilities.
Start-ups such as Ayla Networks, Arrayent (now part of Prodea), Greenwave Systems and Waylay have built substantial customer bases in the consumer electronics and smart home markets. Amazon, Google, Bosch and Samsung also serve large internal customers in this domain.
The full report can be accessed on the Berg Insight website (for paying customers only).