5 Signs The Internet of Things Is About To Explode

The Report.png
Answer To Everything.png
Growing Up.png
Cloud For Dummies.png
Disaster Plan.png

The Internet of Things

By 2020, Gartner estimates that the Internet of Things (IoT) will generate incremental revenue exceeding $300 billion worldwide. It’s an astoundingly large figure given that the sector barely existed three years ago. We are now rapidly evolving toward a world in which just about everything will become connected; where Web 1.0 was about computers connecting to their data and Web 2.0 was about people connecting to their data, Web 3.0 seems set to be about everything connecting to everything.

Blogs, news sites, and CEOs have all predicted and extolled the virtues of the upcoming shift. Smart homes for everyone, better accessibility for disabled people, on-going health monitoring and driverless cars all point towards a world where humans’ lives become easier and machines take responsibility. Away from the hype, however, you can see some very real signs for yourself that the internet of things is set to explode in an unprecedented way over the coming years:

1) A rapidly increasing number of start-ups in the sector

A look at Angel.co – a site advertised as ‘where start-ups meet investors’ – shows 569 companies listed under ‘Internet of Things’. These companies have attracted 1,466 investors and have an average value of $4.9 million.

A cursory search on Google will reveal countless start-ups who are all destined to make a big splash over the coming years, boosting the sector beyond recognition.

2) The tech giants are coming…

Industrial companies (such as GE, Siemens, Bosch, and Philips.), as well as large tech companies (for example, Cisco, Intel, Apple, and Samsung) are all becoming more involved. Products such as Apple’s HomeKit, Philips’ ‘Hue Starter Pack’, and Samsung’s SmartThings all point towards a sector dominated by names that everyday consumers are accustomed to – thus making the area more mainstream.

3) A notable increase in merger and acquisition activity

In the last eighteen months a huge number of promising start-ups have been acquired by the tech giants. Nest and Oculus are the two most well-known examples, but also companies such as Basis, Dropcam, SmartThings, and Revolv have all been bought out by bigger enterprises seeking to grab market share. As a result of this, it’s very noticeable that there are comparatively few mid- to late-stage start-ups in the sector.

4) It has a global reach

Innovation in the internet of things space has been happening all around the world. Europe has been very active with companies such as Withings, Sigfox, Netatmo, and Berg leading the way, but all countries are starting to get on-board – as LIFX in Australia demonstrates.

5) The market it young

Considering the age of the market there are already an amazing array of products available. A glance to the future will reveal concepts such as digital health, invisibles, augmented reality, smart cities, connected cars, and aerials just around the corner, the growth is really starting to pick up its pace.

What do you think points to an exciting future for the Internet of Things? Let us know in the comments below.

By Daniel Price

Alex Tkatch

Dare to Innovate: 3 Best Practices for Designing and Executing a New Product Launch

Best Practices for Designing and Executing a Product Launch Nothing in entrepreneurial life is more exciting, frustrating, time-consuming and uncertain than launching a new product. Creating something new and different can be exhilarating, assuming everything ...
Dinesh Varadharajan

How to Prepare Your Company for the Future with Automation

The Future with Automation Many entrepreneurs believe digital technologies will transform the way their companies work. By 2022, the worldwide hyper-automation technology market is expected to be worth $596.6 billion. And by 2055, almost half ...
Jim Fagan

The Geopolitics of Subsea Connectivity

Subsea Connectivity Digital transformation and the migration of data and applications to the cloud is a global phenomenon. While we may like to think that the cloud knows no borders, the reality is that geopolitics ...
Matrix

Are We Building The Matrix?…

When sci-fi films like Tom Cruise’s Oblivion depict humans living in the clouds, we imagine that humanity might one day leave our primitive dwellings attached to the ground and ascend to floating castles in the ...
Jonathan Custance

Is data security still an afterthought for many businesses?

IoT and cloud computing are on the increase High-profile cybersecurity breaches are increasingly in the news, a prime example being the NHS incident of May 2017 when services were brought to a standstill for several ...

CLOUD MONITORING

The CloudTweaks technology lists will include updated resources to leading services from around the globe. Examples include leading IT Monitoring Services, Bootcamps, VPNs, CDNs, Reseller Programs and much more...

  • Datadog

    DataDog

    DataDog is a startup based out of New York which secured $31 Million in series C funding. They are quickly making a name for themselves and have a truly impressive client list with the likes of Adobe, Salesforce, HP, Facebook and many others.

  • Opsview

    Opsview

    Opsview is a global privately held IT Systems Management software company whose core product, Opsview Enterprise was released in 2009. The company has offices in the UK and USA, boasting some 35,000 corporate clients. Their prominent clients include Cisco, MIT, Allianz, NewVoiceMedia, Active Network, and University of Surrey.

  • Sematext Logo

    Sematext

    Sematext bridges the gap between performance monitoring, real user monitoring, transaction tracing, and logs. Sematext all-in-one monitoring platform gives businesses full-stack visibility by exposing logs, metrics, and traces through a single Cloud or On-Premise solution. Sematext helps smart DevOps teams move faster.

  • Nagios

    Nagios

    Nagios is one of the leading vendors of IT monitoring and management tools offering cloud monitoring capabilities for AWS, EC2 (Elastic Compute Cloud) and S3 (Simple Storage Service). Their products include infrastructure, server, and network monitoring solutions like Nagios XI, Nagios Log Server, and Nagios Network Analyzer.