Blog

SAN JOSE, California – (BUSINESS WIRE) – Innominds was named a “Key Market Player” in the list of providers of IoT solutions and services in its latest report by Omdia: IoT Consultancy – 2021 Analysis.

The research report analyzes the scope of consulting services in the IoT and connected devices market. It evaluates key market trends, competitive dynamics and market participants and offers five-year forecasts by region and application.

According to the report, the entire IoT consulting market is expected to grow with a CAGR of 16.1% from USD 22.3 billion (2019) to USD 63.4 billion (2026) of total global sales. While the implementation services segment is expected to grow from $ 8.1 billion in 2019 to $ 22.1 billion in total revenue in 2026.

“In the next few years, the market for enterprise IoT platforms is expected to grow rapidly in terms of revenue and data generated. Innominds is uniquely positioned and as a design house works with OEMs, IoT solution providers and providers of security operations centers in the IoT project room and supports them in the introduction of new or customized IoT products and solutions through the development of real-time operating systems. “Says Sam Lucero – Chief Analyst, IoT Services & Technologies, Omdia.

Innominds focuses on the development of complex solutions at the interface between embedded hardware design, application logic development and big data analysis. IoT is one of three core practice areas for the company; Within the IoT, Innominds focuses on industrial, automotive, medical and consumer applications. The company’s “Connected Devices and IoT” practice, which employs more than 200 engineers and architects, has been supporting IoT customers for more than 12 years and to date has over 100 million IoT devices (representing over 100 brands) with the services of Innominds delivered.

“Innominds has a very good reputation as a design house and can build a device from scratch, which gives it a decisive advantage in IoT-related projects. It is a certified design center that creates production-ready systems and has extensive knowledge of wireless, 5G and IoT technologies. The company works primarily with Independent Software Vendors (ISVs) and Original Equipment Manufacturers (OEMs), but has gradually expanded into companies in recent years. Our strategic collaboration with leading companies in the IoT, 5G and cloud ecosystems, supported by deeper DNA in the development of devices, apps and analytics, enables us to advance the “Digital Next initiatives” of these large companies across industries ” says Sairam Vedam, CMO, Innominds.

Innominds works with all three types of customers – ISVs, early stage software providers, and ODMs / OEMs, and corporate users. Innominds has a portfolio of platforms and accelerators that drive the company’s IP speed as it develops individual engagements. These include iFusion ™ (data, AI and analysis technology); iSymphony ™ (product development); iHarmony ™ (quality engineering); and iTrill ™ (hardware engineering).

Download the report here

About Innominds

Innominds is an AI-driven, platform-driven digital transformation and full product development services company headquartered in San Jose, California. Innominds supports the Digital Next initiatives of global companies, software product companies, OEMs and ODMs with integrated know-how in the areas of device and embedded engineering, software apps and product engineering, analytics & data engineering, quality engineering and cloud & DevOps, Safety. It works with ISVs to create next generation products, SaaSify, transform the overall experience, and add applications to add cognitive analytics.