Professional services push internet of things revenues

internet of thingsRight now professional services generate over 40 percent of internet of things (Iot) revenues worldwide.

But that’s going to change over the next few years, according to dat presented by ABI Research.

ABI defines professional services as a multitude of activities including application development, consulting and system integration.

But by 2019, software platforms and analytical services will dominate the revenue opportunities.

Day Shey, a VP a ABI Research said many companies think that they can build their own IoT systems using VARs (value added resellers) and system integrators.

Shey said that software suppliers will simplify extracting data from machines and the other connected things, largely in vertical markets.

Shey said that the “goal of IoT connections is the data, and the IoT data and analytics market will grow faster than any other IT segment.