Waylay is a featured technology vendor in the IoT Platforms and Software analyst report by Berg Insight

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.

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The full report can be accessed on the Berg Insight website (for paying customers only).

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Curious to learn more about the Waylay IoT platform? Have a look at our resources, or get in touch now to set up a demo call.

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Contact a Waylay Expert

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See the video below to see the combination of Waylay and FLS VISITOUR in action:

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What’s next?

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Autonomous service operations is getting supercharged by the advent of smart synthetic software agents, powered by Large Language Models (LLMs). These synthetic agents will assist human service agents to increase capacity and reduce tedious manual work, like root cause analysis of asset performance issues, updating work plans to deal with impending asset shut downs, etc.

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LLM technologies have matured enough to couple automated asset health monitoring with autonomous field job scheduling to improve asset uptime and Service Level Agreement adherence. Waylay’s analytics and orchestration platform can serve various agentic LLM applications for autonomous service operations that leverages the FLS VISITOUR scheduling engine to optimize the field force load and reduce wasted travel hours. The result is faster preventive asset maintenance activities, less human error during scheduling and an overall better end customer experience.

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Want to know more? Please get in touch with us here

Waylay is a featured technology vendor in the IoT Platforms and Software analyst report by Berg Insight