Huawei Claims Top Spot in IoT Platform Vendors Report by IHS Markit

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Huawei was the leading Internet of Things (IoT) platform vendor, based on its market-leading number of devices under management

In between all the troubles going on with Huawei all over the world, concerning the security issues, there is a positive development. The Chinese multinational claimed the top position in the new ‘IoT Platforms Vendor Scorecard’ report by London-based global information provider IHS Markit.

The other three spots were claimed by Cisco Systems, Microsoft and PTC. The report also covered global firms like Alibaba, Amazon Web Services (AWS), General Electric (GE), SAP and IBM.

Key factors

Citing the factors for Huawei’s achievement, Sam Lucero, Senior Principal Analyst – IoT, IHS Markit, said, “Huawei was the leading Internet of Things (IoT) platform vendor, based on its market-leading number of devices under management, the high rate of device growth under management, its strategic commitment to the IoT market, and the technical innovation the company has achieved with respect to its platform.”

Similarly, Cisco Systems was mainly notable for the series of IoT platform functionalities targeted. On the other hand, Microsoft gets benefit of its huge investment done in the IoT space and strong enterprise sales force, the report mentioned.

PTC excelled in its intense focus on the market and the broad ecosystem of partners it has established, it added.

Assessment parameters

The IoT Platforms Vendor Scorecard report from HIS market assesses vendors on the parameters of market momentum and market presence. For market momentum, the report assessed factors such as growth rate of devices on the vendor’s platform, the breadth of vertical markets targeted, the range of IoT platform functions targeted, the technical innovation relative to IoT platforms and the strength of IoT ecosystem development efforts.

With regards to market presence, IHS Markit studied elements such as the volume of devices presently managed on vendor’s platform, overall financial strength of vendors and their strategic commitment to IoT platforms market.

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