The Internet of Things (IoT) has made complete automation possible and provides solutions for cities, homes, factories, vehicles and more. It’s touched traditional and nontraditional industries to meld the physical and digital worlds — and IoT advancements aren’t done. New and established companies alike are still looking for ways to use the technology to boost productivity and provide better products and services in 2020.
Here are the top 20 IoT companies to watch and invest in during the new year.
- Amazon
Overview: Amazon.com is a tech giant based in Seattle. The multinational company focuses on e-commerce, cloud computing, digital streamlining and artificial intelligence (AI).
Market Value: $940.96 billion
People: Jeff Bezos is the founder, chief executive officer (CEO) and president of Amazon.
Products: Amazon was one of the first companies to develop a virtual assistant that contributed to smart homes. Today, the Amazon Echo still sets the pace of the smart speaker market, and Amazon continues to advance the skills and capabilities of the device’s voice assistant, Alexa.
Company Website Link: https://www.amazon.com
2. GrubHub
Overview: GrubHub is an online and mobile food ordering and delivery marketplace. It connects diners with local takeout restaurants in over 2,000 cities in the U.S.
Market Value: $5.20 billion
People: Matt Maloney is the founder and CEO of the company, and Adam DeWitt is the president and chief financial officer (CFO).
Products: More people are using their phones for tasks each day, and GrubHub takes advantage of the IoT space through voice assistant ordering and sharing data.
Company Website Link: https://www.grubhub.com
3. Apple
Overview: When talking about Internet of Things (IoT) companies, it’s hard not to mention Apple. Based in California, the company designs, develops and sells consumer electronics, computer software and online services.
Market Value: $1.39 trillion
People: Apple’s founders include Steve Jobs, Steve Wozniak and Ronald Wayne. Today, Tim Cook is the company’s CEO.
Products: Apple’s main IoT product is its wearable tech — the Apple Watch. The product leads the smartwatch space and pairs with a user’s phone to share data across devices and to the cloud.
Company Website Link: https://www.apple.com
4. Mastercard
Overview: Mastercard Inc. is a multinational financial services corporation based in New York and Missouri. It’s well-known for global payments and technology that connect consumers, businesses, merchants, governments and more all around the world.
Market Value: $324.24 billion
People: A variety of California-based banks formed Mastercard. Ajaypal Singh Banga is the current president and CEO.
Products: As a leader in the credit card space, Mastercard is trying to increase the use of nontraditional payment methods such as mobile, voice and connected device payments.
Company Website Link: https://www.mastercard.us/en-us.html
5. IBM
Overview: IBM, which stands for International Business Machines Corp., is a multinational information technology company headquartered in New York.
Market Value: $127.86 billion
People: Charles Ranlett Flint founded IBM. Virginia Marie Rometty is the current chair, president and CEO of the company.
Products: IBM has several IoT solutions, including IoT Platform, Watson IoT, Facilities Management and more. The company’s former vice president, Chuck Martin, is one of the foremost IoT thinkers in the world, showcasing the company’s commitment to advancing IoT solutions.
Company Website Link: https://www.ibm.com/us-en/
6. Honeywell
Overview: Honeywell International Inc. is a publicly traded company located in North Carolina. It specializes in commercial and consumer products, engineering services and aerospace systems.
Market Value: $129.79 billion
People: Mark C. Honeywell is the founder of the company, and Darius Adamczyk is the current chairman and CEO.
Products: Honeywell is one of the IoT companies to invest in during 2020 because it focuses on the industrial Internet of Things (IIoT). For example, its Honeywell Forge software helps industries collect, analyze and act on data they get from various parts of their operations.
Company Website Link: https://www.honeywell.com
7. Cisco
Overview: Cisco Systems Inc. is a multinational technology company in California. It develops, manufactures and sells networking hardware, software, telecommunications equipment and more.
Market Value: $209.84 billion
People: Cisco’s founders include Sandy Lerner and Leonard Bosack. The current chairman and CEO is Chuck Robbins.
Products: Cisco designs, manufactures and sells networking products for the communications and IT industry. Its IoT solutions include IoT Networking, IoT Gateways, IoT Security and more.
Company Website Link: https://www.cisco.com
8. Ring
Overview: Ring Inc. is a home security and smart home company that is owned by Amazon. It’s located in California and manufactures a variety of products that feature motion-detecting cameras.
Market Value: Valued between $1.2 billion and $1.8 billion before Amazon acquisition
People: Jamie Siminoff is the founder and CEO of Ring Inc.
Products: The company’s video doorbell pairs with a user’s smartphone, so they can see who is at the door and hear and speak to visitors.
Company Website Link: https://ring.com
9. Chrono Therapeutics
Overview: Chrono Therapeutics is a digital transdermal drug delivery company, most known for its proprietary Integrated Dosing Solution. It’s currently based in California.
Market Value: Has $85 million in funding
People: Guy DiPerro founded Chrono Therapeutics, and its CEO is David Happel.
Products: Chrono Technologies is predicted to be one of the top IoT companies in 2020 for its medicated patches that transmit drugs through the skin. They use IoT to customize the dosage and timing for a patient that preempts addiction.
Company Website Link: https://www.chronothera.com
10. Blues Wireless
Overview: Blues Wireless is an IoT startup that aims to use Notecard™, an embeddable cellular IoT solution, for cloud-based monitoring and connected operations.
Market Value: N/A
People: Ray Ozzie founded Blues Wireless.
Products: Ozzie, a former Microsoft technologist and creator of Lotus Notes, hopes Notecard will connect home appliances, alarm systems, smart meters and other devices all on encrypted, prepaid wireless.
Company Website Link: https://blues.io
11. Eurotech
Overview: Eurotech is headquartered in Italy and focuses on research, development, production and marketing for miniature and high-performance computers.
Market Value: $274.18 million
People: Roberto Siagri is the CEO of Eurotech, and Larry Wall is the CEO of the company in the U.S.
Products: Eurotech makes IoT implementations functional through network storage, computing modules, single-board computers and more. Its main product, called Everyware Cloud, is an IoT integration platform that’s microservices and architecture-based.
Company Website Link: https://www.eurotech.com/en
12. Accenture
Overview: Accenture is one of many well-known IoT consulting companies headquartered in Ireland. It frequently partners with other businesses to build unique IoT solutions.
Market Value: $138.69 billion
People: Clarence DeLany founded Accenture, and the current CEO is Julie Sweet.
Products: Accenture works with other companies to build unique solutions based on its Connected Platforms. These products are typically for businesses wanting to implement widespread changes using IoT.
Company Website Link: https://www.accenture.com/us-en
13. Davra
Overview: Davra is based in California and Ireland and created an Industrial Internet of Things (IIoT) platform for enterprise. Its Application Enablement Platform is the chosen AWS for a variety of companies, including Dell, Intel and Cisco.
Market Value: N/A — Backed by certain investors
People: Brian Mc Glynn and Joe Quinn are Davra’s co-founders, and Paul Glynn is the current CEO.
Products: Davra’s IoT platform is versatile and works everywhere, from manufacturing sites to smart buildings. The company adjusts the platform to meet the needs of diverse clients.
Company Website Link: https://davra.com
14. Oracle
Overview: Oracle Corp. is a multinational computer technology corporation in California. It primarily sells database software and technology, enterprise software products and cloud engineering systems.
Market Value: $176.55 billion
People: Oracle’s founders include Larry Ellison, Ed Oates and Bob Miner. Safra Catz is the company’s CEO.
Products: Oracle’s Cloud Infrastructure supports all its IoT solutions. As the IoT sector grew, Oracle made its core competencies more accessible to all users.
Company Website Link: https://www.oracle.com/index.html
15. Dragos
Overview: Dragos focuses on its cybersecurity platform meant for manufacturers. It provides asset identification, threat detection and response capabilities to safeguard industrial organizations.
Market Value: N/A — Private company with investors
People: Robert M. Lee is the founder and CEO.
Products: This startup focuses on manufacturing since it’s the most at-risk industry with the most exposed sensitive files. Its cybersecurity platform is meant for companies using IoT solutions.
Company Website Link: https://dragos.com
16. Sight Machine
Overview: Sight Machine is a San Francisco startup focused on a smart manufacturing platform for real-time visibility.
Market Value: N/A — Received around $85 million in funding
People: Jon Sobel and Nathan Oostendorp are co-founders, and Sobel is the CEO.
Products: Sight Machine’s digital manufacturing solutions give companies actionable insights to manage day-to-day production and optimize operations. It has partnered with Google, Microsoft, Cisco and more.
Company Website Link: https://sightmachine.com
17. Siemens IoT Analytics Co.
Overview: Siemens is a multinational company located in Germany and is the largest industrial manufacturing company in Europe.
Market Value: $54.62 billion
People: The company was founded by Warner von Siemens and Johann Georg Halske. Its current CEO is Joe Kaeser.
Products: Siemens is most known for its open IoT operating system called MindSphere. It’s an intelligent IIoT solutions gateway for industries such as energy, infrastructure, manufacturing, digitalization and more.
Company Website Link: https://new.siemens.com/global/en.html
18. Alphabet
Overview: Alphabet Inc. was created when Google went through a corporate restricting in 2015. It is now the parent company of Google and other subsidiaries.
Market Value: $1.03 trillion
People: Larry Page and Sergey Brin founded Alphabet. Sundar Pichai is the current CEO.
Products: Alphabet Inc.’s Google Home smart speaker is the main competitor to Amazon’s Echo. The device can perform a wide variety of commands, and it continues to permeate the market.
Company Website Link: https://abc.xyz
19. Verizon
Overview: Verizon Wireless, also known as Cellco Partnership, is an American telecommunications company offering wireless products and services.
Market Value: $251.39 billion
People: Verizon Communications and Vodafone Group Plc founded Verizon Wireless. Its CEO is Hans Vestberg.
Products: Verizon entered the IoT space later in the game, but it is trying to be the first to deploy a 5G network in the U.S. It should be a leader in wireless connectivity in 2020 and beyond.
Company Website Link: https://www.verizon.com/home/verizonglobalhome/ghp_landing.aspx
20. READY Robotics
Overview: READY Robotics develops and supplies innovative automation products designed for a wide range of tasks. The different robots originating from Johns Hopkins University’s robotics research use IoT solutions.
Market Value: The company has a post-money valuation of $50-$100 million as of 2018.
People: Benjamin Gibbs and Kelleher Guerin are the co-founders of READY Robotics. Gibbs is the CEO.
Products: All of READY Robotics’ robots use smartphone-like simplicity to level the automation playing field for manufacturers. This helps reduce skill gaps and eliminates brand dependency.
Company Website Link: https://www.ready-robotics.com
Invest in IoT Development Companies
2020 is a great time to invest in IoT startups and other big companies making advances. Watch the businesses listed above and other top IoT companies for 2020 to see how technology changes the landscape for a variety of industries.
