Trillion Dollar Technology Trend, page-3

Some recent articles that show the current and future potential of this market... these are some very big numbers!


http://tech.firstpost.com/news-anal...-38-billion-smart-devices-by-2020-276176.html

According to new data from Juniper Research, the Internet of Things (IoT) may well still be in a nascent stage as far as consumers are concerned, but businesses are already embracing its possibilities. So much so that it is expected to grow by some 285% over the next five years.


http://www.forbes.com/sites/louisco...f-things-initiatives-are-driving-revenue-now/

79% of enterprises surveyed have Internet of Things (IoT) initiatives in place today to better understand customers, products, the locations in which they do business with customers, or their supply chains.

40% of Enterprises Are Growing Their Services Businesses With Internet of Things Initiatives.



http://www.iamwire.com/2015/07/internet-things-risks-opportunities-businesses/119779

Its enormous growth rate can be presumed from a report by Gartner Inc. indicating that the use of IoT devices in 2015 was up by 30% from 2014 with over 4.9 Billion connected devices. Furthermore, according to IDC predictions, IoT market will hit $7.1 Trillion by 2020.

According to a forecast by Technavio, the global IoT security market will grow at a CAGR of 54.93% over the period 2014 to 2019. Hence, IoT is striking the business world with both risks and opportunities.

http://articles.economictimes.indiatimes.com/2015-07-22/news/64725580_1_iot-revenue-jump-cent

A whopping 80 per cent companies witnessed a growth in revenue through investments in Internet Of Things (IoT) technology, says a study commissioned by TCS.

Only nine per cent respondents said that they saw a revenue push of over 30 per cent because of IoT, while some market leaders reported a revenue jump of as much as 64 per cent as well, the study said, adding that companies are also keen to spend more.
Twelve per cent of executives surveyed said they would spend USD 100 million on IoT in 2015 and three per cent said that their investments would be over USD 1 billion.