Companies around the world are in a process of transforming their business models to the next big thing: Internet of Things. According to an estimate, IoT will have a market worth of over $260 by 2020. There will be trillions of connected devices in our homes and roads. There are hundreds of IoT companies and startups in the world. But in this article we will talk about the most famous and powerful IoT companies.
Amazon is not just a juggernaut in the ecommerce industry. The company is a giant in the IoT and Cloud market. As of November 2016, the company has sold over 5 million Amazon Echo devices in two years. Amazon Echo is insanely popular all over the world. Amazon has a strong product line. The company is working on other IoT projects like self-driving cars and IoT gadgets.
AT&T is betting on the IoT industry big time. It is shifting its business model away from complete reliance on telecom business to IoT. It has its own IoT platform which is used by giants like Amazon, Microsoft and IBM. The platform can be used by IoT developers to make IoT apps and hardware. The company also plans to launch over 10 million “connected cars” by the end of 2017.
Cisco has a strong edge in the IoT market as it already creates state-of-the-art equipment for networking and hardware. The company recently launched Jasper platform to power IoT devices and platforms around the world. Cisco invested over $1.4 billion in the Jasper platform. In the IoT sector, it is making solutions for Network connectivity, IOx and Fog Applications, Data analytics, Security and Management Automation. Cisco has several partnerships with car makers for the development of smart and connected cars.
No list of the most powerful and famous IoT companies would ever be complete without Apple. Apple is well aware of the fact that the smartphone industry is set to lose steam in the future. That’s why the company is rapidly shifting its business towards the next big thing, Internet of Things. Apple started its IoT efforts from Apple Watch. It also has a HomeKit, a platform for connected home apps. Apple is also famous for its iBeacon technology in the ioT realm. iBeacon uses Bluetooth Low Energy (BLE) to broadcast locations to nearby phones and devices. Apple CarPlay and Apple smart home devices are some of the other signs of the company’s prowess and significance in the IoT industry.
German company Siemens is another powerful and big IoT company. Siemens is up to solving IoT’s biggest problem: security and trust. Siemens recently launched its Cyber Security Operation Centers that is focused on providing IoT solutions and security services. Siemens has an IoT platform called MindSphere which could be easily used to leverage IoT apps and power. Siemens also made an IoT system for Wind energy to let farmers harness the power of wind for their needs.