Industry Expert Blogs

The Internet of things (IOT) will create $14 trillion dollars in business opportunities according to Cisco. Unless you are a government accumulating debt, most of us think that’s a big number—and a big opportunity. The much quoted “50 billion connected devices to the Internet by 2020” forecast is the impetus driving companies in all parts of the ecosystem including infrastructure, applications, services, systems, and semiconductors to position themselves for a share of this market.

Although much of the high-tech growth in recent years has been centered around connected consumer devices, with 1 billion units shipped in 2012 and an estimated 4.5 billion ‘connected screens’ to the Internet in 2016, these markets are maturing and consolidating. The HDTV market has matured, smart phones are next, and tablets will not be far behind. As a result, both the winners and losers in these markets are looking at the IOT as a way to leverage their technology investments.