Global mobile satellite company Inmarsat has released the results of research that, it says, shows IoT’s ability to deliver cost savings is one of the biggest drivers for deployment in the energy sector. “Global energy companies are actively investing in IoT technologies to optimise their operations and streamline business strategies in the hope of reducing […]
Annual IoT security spend to hit $US6b by 2023: Juniper Research
Juniper Research is tipping spending on cybersecurity solutions for IoT to exceed $NZ6b globally by 2023, a 300 percent increase from 2018 with industry and public services accounting for 77 percent of the total. In its report The Internet of Things for Security Providers: Opportunities, Strategies & Forecasts 2018-2023, Juniper claims there are major differences […]
IoT tipped to drive US consumer tech market to record high
The US Consumer Technology Association (CTA), formerly the Consumer Electronics Association, estimates that IoT will help drive the US consumer technology industry to a record-setting $US287 billion in retail revenues ($224 billion wholesale) in 2016. Of this it expects established products including smartphones, televisions and laptops to account for 51 percent but to contribute to […]
Aussie IoT in the home spend tipped to top $200m in 2020
Frost & Sullivan is tipping the Australian market for IoT in the home market to be worth $200m by 2020, with security and energy management systems accounting for the majority of revenue. “IoT in the home market in Australia is still in its early stages of growth as consumers have yet fully adopted smart home […]
IoT growth falters, says IoT M2M Council
If you read most of the predictions about IoT it is on an untrammelled growth path to gazillions of connected devices, but the UK based IoT M2M Council says it has identified a slow down in growth rates, at least in the short term. The organisation has a revealed the second of what will become […]
McKinsey maps the future of IoT
The McKinsey Global Institute (MGI) has published what must surely be one of the most comprehensive assessments to date of the potential for IoT, putting an upper limit on its potential economic impact by 2025 of $US11.1 trillion, or about 11 percent of the World Bank’s estimate of value of the world economy by that […]
IoT: the steamroller that will crush IT
A new forecast from Machina Research—which claims to be the world’s leading provider of strategic advice on the newly emerging Internet of Things, M2M and big data market—puts the IoT market opportunity at $US4.3 trillion in 2024 up from $US900m in 2014, saying that as M2M markets evolve and transform to IoT, they will include […]
By 2020 Google and/or Apple will dominate IoT: everybody else will be history
VisionMobile has published a report detailing “Four seismic trends that will shake up the IoT market.” One of these is that by 2020, Apple, Google or both will have built a dominant IoT platform that makes head-on competition impossible. VisionMobile explains: “Established technology companies like IBM, Cisco or GE, and incumbent IoT specialists like Jasper, […]
IDC puts APeJ IoT market at $US583b by 2020
IDC is forecasting the number of things connected to the Internet in Asia Pacific excluding Japan will increase from 3.1 billion to 8.6 billion by 2020 and that the value of the market will increase from $US250 billion to $US583 billion. However it has not indicated exactly which components of this market of ‘things’ are […]
Gartner tips threefold increase in smart home devices in three years
Gartner estimates the number of connected devices in homes around the world will grow from less than 300 million in 2015 to over one billion by 2017. “Connected things include smart LED lighting, healthcare monitoring, smart locks and various sensors for such things as motion detection or carbon monoxide,” Gartner says. “Smart LED lighting will […]
