The CEO of analyst firm Beecham Research has hit out at the hype surrounding the IoT and the potential revenues some are predicting it will create.
Amid some forecasts of IoT revenues in the trillions of dollars, Robin Duke-Woolley said everyone needed to “get real” about the potential size of the market.
Taking the total GDP of the United States – currently $18 trillion dollars annually, according to the IMF – as an example, the CEO said that to suggest revenues from the IoT would approach even 10 percent of this over a 5-10 year period was “unrealistic and unhelpful”. Continue reading “Analyst firm hits out at the hype surrounding IoT and potential revenues some predict it will create”
As technologists shift focus toward putting the Internet of Things (IoT) to better use, they will also have to consider a changing environment and the evolving connectivity needs of the devices and systems that make up the ever-expanding global network. Continue reading “Internet of Things dynamic marketplace will change the way business is done forever”
- 48 of the top Internet of Things (IoT) startups are based in the Bay Area, 5 in Boston, 3 in Los Angeles and Toronto, and 2 in Dallas, Paris and San Diego.
- Venture funding in Jawbone, Genband, Silver Spring Networks and View Glass combined is $1.6B or 26% of all funding in the top 100 IoT startups.
- Total funding for the top 100 IoT startups is currently $6.19B.
- 31 are in late stage funding cycles as of today.
These and other insights are from a recent analysis of the IoT landscape using Mattermark Pro. Forbes readers often ask for insights into emerging technology startups, specifically venture-backed startups competing in IoT industries. Continue reading “Mattermark – Top 100 Internet of Things Startups for 2015”
New report contends that use cases, rather than products, will fulfill the promise of the smart home.
Despite undeniable excitement about the connected home, its promise remains largely unfulfilled. The connected home industry is still in search of compelling use cases to drive adoption, according to a new report from Michael Wolf at NextMarket Insights. Continue reading “Use cases, rather than products, will fulfill the promise of the smart home, report shows”
Berg Insight estimates that 5.9 billion products with embedded microprocessors were sold worldwide in 2014. IoT is about networking these products as well as new device categories that can benefit from connectivity. Consumer products account for the vast majority of devices with embedded connectivity. Continue reading “Beyond the hype – what is the reality of IoT?”
Connected home players should look to innovative business models like micro-transactions in the nascent sector, a joint report from Deutsche Telekom and Strategy Analytics has claimed.
The report has shed light on the European market in particular, predicting significant new revenues for those who succeed.
Across the continent, the connected home market will be worth up to €15.5 billion annually by 2019, according to the report authors. Continue reading “Connected Home Players Should Look to Innovative Business Models to Grow, Report Shows”
Fresh out of topping Gartner’s most hyped technologies list for the second year in a row, the Internet of Things (IoT) has kept its buzz going over the last couple of weeks with a series of announcements and new market analysis reports. First, here’s a sample of recent announcements:
September 20: Dialog Semiconductor has agreed to acquire Atmel Corporation for approximately $4.6 billion, combining forces in the mobile power, IoT and automotive markets, and addressing a “market opportunity of approximately $20 billion by 2019.”
September 18: Orange announced it is building a Low Power Wide Area (LPWA) network covering the whole of France, in line with its “ambition to become the number one operator for the Internet of Things.”
September 17: Alcatel-Lucent announced the acquisition of Mformation to provide service providers and enterprises with a secure, scalable, application-independent IoT security and control platform for use across multiple industries.
September 16: HCL Technologies announced it will jointly develop with IBM Internet of Things solutions and that the two companies will set up for that purpose an incubation center in Noida, India.Read more
New data from Juniper Research has revealed that retailers seeking to capitalise on IoT (Internet of Things) technologies will spend an estimated $2.5 billion in hardware and installation costs, nearly a fourfold increase over this year’s estimated $670 million spend. Continue reading “Retail spend on IoT to increase fourfold by 2020”
The wearables market is set to treble in size in the next five years and become worth over $25 billion, according to industry analyst firm, CCS Insight. Its new global forecast for wearable devices — which includes smartwatches, fitness trackers, augmented and virtual reality headsets and wearable cameras — indicates the market is set to grow from 84 million units in 2015 to 245 million units in 2019. Continue reading “Wearables Market Projected to Reach $25 Billion by 2019”
Over 20 percent of enterprises will have digital security services devoted to protecting business initiatives using devices and services in the Internet of Things (IoT) by year end 2017, according to Gartner. Analysts explored cybersecurity trends at the recent Gartner Security & Risk Management Summit, September 1-2, held in Mumbai Continue reading “IoT to Reshape Cyber Security Landscape”