Verizon: the Internet of things lead to business (even thanks to startup)

One of the world’s leading companies for networking services provides an infographic about the IoT market. No longer a combination of complex technologies. The benefits will result from the ability to monetize data and accepts the incentives from new enterprises

26 Apr 2016

State of the Market: Internet of Things 2016, featured by Verizon, is an analysis that frames the market of the Internet of Things in many respects: consumers, companies, scope, security, data, future forecasts.

According to the company, Internet of Things (IoT) is the mainstream thanks to a handling market that includes more than 150 million cars not currently connected, more than 300 million smart meters, nearly 1 million acres of vineyards and 45 million people sharing products and services, just in the US,

“For a long time IoT has been regarded as a combination of complex technologies used only by ‘early adopters’. In the last year, we instead had proof of how IoT is used by a wide range of companies, entrepreneurs, government agencies and developers to meet the key needs of business, consumers and the public sector. Thousands of new cases of use over the next two years will not be the only outcome, but also the creation of a fast fairway for innovation and new economy.”, said Mark Bartolomeo, Vice President IoT Connected Solutions, Verizon.

according to the report, 72% of companies now considers crucial the Internet of Things to be competitive, partly because consumer expectations are still growing.

On the other hand, however, the growth of business for companies will be measured using data (acquired by IoT devices) monetizing: in the next 2 or 3 years, almost 50% of companies are expected to use at least 25% of their data therefore the ability to manage and monetize data will be an essential skill.

Startups will be increasingly crucial: according to the report, in 2016, the startup IoT will grow two to three times more (in terms of capital) the B2B compared to startups in the IoT consumer business

5G, the next-generation wireless technology not only promises to make it real the automation solutions in the automotive and robotics industry, but will also introduce new categories of use, such as virtual and augmented reality for the implementation of IoT. Security experts can keep up with the latest technological developments by monitoring emerging risks (both existing and new ones) which will affect the use of IoT and daily routines.

For full report please click here

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