IoT Platform Revenue to Boom in 2017, Says MachNation

IoT platform revenue will increase 116 percent to $2 billion in 2017, MachNation predicted in a report rating 35 IoT vendors. IoT companies have been acquired for 20 times their annual revenue, a Thursday news release said. "The IoT application enablement space is the most rapidly developing piece of the IoT technology stack," MachNation Chief Technology Officer Dima Tokar said.