Top reasons to select an Iot platform for improved business.

Selecting an IoT platform is an important task while developing an IoT app for companies as the app requires IoT Integration while developing the app. The platform works as a bridge between the apps and their work.

The IoT market has increased rapidly in the near future. The global IoT market has reached $298 MN in 2015 and is predicted to be a $1.6BN opportunity by2021. A research report predicts by 2023 the same market will grow at a CAGR of 39% to reach $22.3BN.

IoT platforms provide an efficient way to help enterprises enable smart, integrated and data driven It architecture. They act as a bridge, connecting edge hardware, data networks, and access points to wide-ranging supply chains and enabling a medium for real-time business monitoring and collaboration.

Few of the top reasons why companies should choose an IoT platform:

1. Faster Time to Market
2. Intelligent Data Management
3. Enterprise Security
4. Scalability