Tag Archive | IoT

Internet of Things Revenue will Reach $1.1 Trillion

Internet of Things Revenue will Reach $1.1 Trillion

IoT hardware will be the largest technology category in 2018 with $239 billion going largely toward modules and sensors, along with some spending on infrastructure and security. IDC reports that services will be the second largest technology category, followed by software and connectivity.

via Digital Lifescapes

IoT Security Revenue to Reach $4.4 Billion by 2022

Global spending on IoT security is currently estimated at $703 million for 2017 and forecast to grow at a CAGR of 44 percent over the six-year period to become a $4.4 billion market opportunity by 2022.

Source: IoT Analytics

Next-Gen Digital Business Growth Fuels IT Investments

digital transformation market research

Digital transformation projects drive requirements for new business technology investment. Worldwide IT spending is projected to total $3.5 trillion in 2017 — that’s a 2.4 percent increase from 2016, according to Gartner. That growth is up from the previous quarter’s forecast of 1.4 percent.

Source: Digital Lifescapes

Autonomous Vehicle Ecosystem Gains Momentum

autonomous vehicle market research

According to the latest worldwide market study by Juniper Research, 50 percent of new vehicles will be shipped with Vehicle-to-Vehicle (V2V) hardware by 2022 — it’s a wireless communication technology that enables real-time short-range communication between vehicles.

Source: Digital Lifescapes

Internet of Things will Enhance Residential Security Apps

security monitoring market research

Security system monitoring via the Internet is still a growth business. According to the latest market study by Berg Insight, the number of monitored security alarm systems in the European market is forecast to grow from 8.7 million subscribers in 2016, at a CAGR of 4 percent, to reach 10.6 million in 2021.

Source: Digital Lifescapes

Internet of Things Apps are Booming in Hospitality Sector

internet of things market research

The ecosystem for Internet of Things (IoT) applications in the B2B market continues to blossom, as more vendors develop new offerings. ABI Research found that both partner programs and their member companies are maturing, with 59 percent of listed organizations receiving a high grade.

Source: Digital Lifescapes

IoT Packaged Solutions and Services Market Momentum

internet of things market research

Nearly all segments of the Internet of Things (IoT) market recorded double-digit growth in the fourth quarter of 2016 (4Q16), driving an overall 19.3 percent year-to-year revenue gain to $8.2 billion, according to the latest study by Technology Business Research (TBR).

Source: Digital Lifescapes